'From the budget' means that PTI just planned to print PKR or borrow USD to finance the subsidy at a time when Pakistan was already expected to have a 5% Current Account Deficit by credit agencies like Fitch. When Pakistan is out of IMF program, it means that other bilateral and multilateral...
The subsidy 'provided from budget' is a PTI myth. Please check the most trustworthy Ary news quote IMF leadership accuse Pakistan for violating IMF agreement with the subsidy.
https://arynews.tv/imf-previous-pakistani-govt-violated-agreement-subsidy/
Not many people would front their personal money for work related travel. I certainly do not pay from my pocket for work travel. PM Shehbaz is a role model for leaders from other developing countries! 👍
The price of 6% economic growth for a developing country that is not blessed with natural resources and is unable to attract FDI (to balance with CA surplus).
https://www.thenews.com.pk/print/949697-fitch-sees-pakistan-s-current-account-deficit-widening-in-fiscal-2022-on-policy-uncertainty
The economic issues that were because of violating IMF terms with fuel subsidy was taken care of. The PKR to USD exchange rate had also briefly recovered to 210 at one point. But then the floods have brought a new set of challenges to the economy. Wealthy overseas Pakistanis should not let...
You mean borrow more money? This is not a possibility now. But there is a $2 billion pledge for flood relief from international community along with a memo from UN to suspend debt payments 🤔
Where will the money for populism come from? I don't think this is possible now.
Mr. Dar seems to be the pinch hitter on economic management for the Sharif family. Let's wait to see what he can do differently to raise Pakistan's macro economic indicators before next election.
https://tribune.com.pk/story/2378338/dollar-bond-yields-skyrocket-after-pms-debt-relief-appeal
Global community has pledged nearly $2 billion in aid for Pakistan. PM Shehbaz is striking the iron when it's hot to extract maximum debt relief right now through this appeal. Japan has recently...
This is a good chance for patriotic overseas Pakistanis to support their country by purchasing the publicly traded government bonds from Pakistan :cheers: