What is the formula of real effective exchange rate? Ishaq Dar asks anchor

[TNT]

Establishment is happy with him because he provides them with opportunities to earn and launder money. How else will the offspring of generals and judges study and do business in US and Europe???

 

[Mav3rick]

Of course. Only Patwaris can fix the economy magically and understand it.

Should it matter who fixes the economy, as long as it is fixed or considerably fixed compared to the current fiasco?

 

[Norwegian]

Should it matter who fixes the economy, as long as it is fixed or considerably fixed compared to the current fiasco?

Your favorite Ishaq Dollar fixing the economy

 

[SaadH]

While you play with words, he will prepare the budget(s) and will attempt to fix the economy which is beyond your understanding.

Oh yeah, just like when he pulled off miracles during his previous tenure from 2013-2018.

Should it matter who fixes the economy, as long as it is fixed or considerably fixed compared to the current fiasco?

Does the person doing the fixing have any track record of fixing the economy. What fixing will he be doing?

 

[Mav3rick]

Your favorite Ishaq Dollar fixing the economy View attachment 840584

He will Inshallah......and it will be Pakistan which benefits. You will still have a job as trolling is never out of fashion, so do not worry!

 

[Big_bud]

Mene sab paraha hua hai

Ch**... You are a frickin accountant not a economist nor even a finance guy
You have zero idea on how to run an economy of country the size of Pakistan

You're related to Sharif clan - that's the only reason you even around government

Budget is actually made somewhere else, under direct dictation from IMF. Only their approved budget gets passsed,

 

[Mav3rick]

Oh yeah, just like when he pulled off miracles during his previous tenure from 2013-2018.

Precisely!!

Does the person doing the fixing have any track record of fixing the economy. What fixing will he be doing?

Well if it is beyond your comprehension that during Ishaq Dar's time apparently PML was guzzling Billions of USD in corruption, was providing subsidies to the tune of Billions of USD to Pakistanis, were burning Billions of USD to keep the PKR at 104/5 and yet had over USD 20 Billion in reserves after adding net debt of USD 20 Billion after growing the GDP from 231 Billion to USD 305 Billion. If that is not miracle then I don't know what is!

 

[Norwegian]

Precisely!!


Well if it is beyond your comprehension that during Ishaq Dar's time apparently PML was guzzling Billions of USD in corruption, was providing subsidies to the tune of Billions of USD to Pakistanis, were burning Billions of USD to keep the PKR at 104/5 and yet had over USD 20 Billion in reserves after adding net debt of USD 20 Billion after growing the GDP from 231 Billion to USD 305 Billion. If that is not miracle then I don't know what is!

Patwarism as usual

https://twitter.com/x/status/1173923661985636352

https://twitter.com/x/status/1207324669721710593

 

[Wood]

Budget is actually made somewhere else, under direct dictation from IMF. Only their approved budget gets passsed,

Any government that depends on IMF to meet its financial commitments should implement fiscal disciple that gives IMF confidence that the economy can be restored. This is true regardless of PTI or PML-N.

 

[Norwegian]

Any government that depends on IMF to meet its financial commitments should implement fiscal disciple that gives IMF confidence that the economy can be restored. This is true regardless of PTI or PML-N.

Pakistan's main problem is not fiscal discipline but lack of exports, remittances and FDI to counter debt repayments

 

[Wood]

Pakistan's problem is not fiscal discipline but lack of exports, remittances and FDI to counter debt repayments

Any gov. that has a debt servicing problem lacks fiscal discipline. You mean to tell me that Pakistan is immune to this?

Pakistan should have the fiscal disciple to not spend beyond its means.

 

[Norwegian]

Any gov. that has a debt servicing problem lacks fiscal discipline. You mean to tell me that Pakistan is immune to this?

Pakistan should have the fiscal disciple to not spend beyond its means.

Lol. Even if Pakistan has zero budget deficit, it still lacks the money to pay for its debt repayments. Pakistan pays its external debt in dollars not rupees

 

[Wood]

Lol. Even if Pakistan has zero budget deficit, it still lacks the money to pay for its debt repayments. Pakistan pays its external debt in dollars not rupees View attachment 840728View attachment 840729

Debt servicing cost should be accounted as part of the budget. Every country pays external debt in $. I don't think that I'm wrong to use the term fiscal discipline here.

India also has 6% fiscal deficit, which is worrisome. But India is able to carry the cost of debt.. for now.

EDIT: Correction

 

[RoadRunner401]

Should it matter who fixes the economy, as long as it is fixed or considerably fixed compared to the current fiasco?

Sir they are Talking about Pakistan's economy, not yours!

 

[Norwegian]

Debt servicing cost should be accounted as part of the budget. Every country pays external debt in $. I don't think that I'm wrong to use the term fiscal discipline here.

India also has 6% CAD, which is worrisome. But India is able to carry the cost of debt.. for now.

Loooool. Pakistan cannot print money for external debt servicing even if it's part of budget.