$31bn exports, $32bn remittances and Rs6trn revenue likely in full 2021-22: Govt expects 5pc growth in 2HFY22

[Zibago]

Wahan ka ni pta mgr ap jese youthiye har jagah hein. Get a sense of what I was talking about before unleashing your inner bhand.

Baboon leagi chutiye agar gali dein gay to jawab mein gali aye gi

Un peyn yako ko koi bataye basic economics parh lein macro economic indicators mein positive trend sey longterm kia effect hota hy

 

[Turingsage]

The common man is the problem. He needs to go to class and learn more skills and not be lazy doing the same job everyday and boinking his wife for child number 10 they can't afford. These people are forever a sinking ship. Raise the standards and let natural selection take its course.

Pakistan and many other countries are not the West or UK where there is a plentiful supply of collages and skill centres , where the govt pays for you learning skills, Where you never have to worry about your next slice of bread or money to buy medicine for your sick mother. You labour 12 hours a day to earn a crust from a employer who treats you like a slave and may just refuse to pay you, Where every govt agency is for the benefit of the rich and powerful. Where the only education you could just about afford teaches you nothing about skills except reciting the Koran. This Marie Antoinette glasses through which you view the poor is despicable

they dont want to work thats why look what happened to pia, steel mills etc and blame everything on system,

I believe this is a fantasy created by the rich and well off who have no desire to examine without prejudice the workings of a Dickensian society ruthlessly tilted against the poor. In the local shops with Pakistani owners they treat their Pakistani workers as SLAVES. these people in UK sometimes work 18 hours a day for their Pakistani employers for a pittance . These employees with poor English, some with obligations going back to Pakistan connections and not being aware of labour laws in UK are treated as servants from the 18th centaury.
Dogs are treated better. I always tip them a few pounds because they are very helpful and I am getting old but it saddens me to see how they get treated.

 

[Zibago]

Pakistanis are smarter, they dont want to work thats why look what happened to pia, steel mills etc and blame everything on system, govt xyz.

In gormint adarey quota kings are everywhere

I believe this is a fantasy created by the rich and well off who have no desire to examine without prejudice the workings of a Dickensian society ruthlessly tilted against the poor. In the local shops with Pakistani owners they treat their Pakistani workers as SLAVES. these people in UK sometimes work 18 hours a day for their Pakistani employers for a pittance . These employees with poor English, some with obligations going back to Pakistan connections and not being aware of labour laws in UK are treated as servants from the 18th centaury.
Dogs are treated better. I always tip them a few pounds because they are very helpful and I am getting old but it saddens me to see how they get treated.

The alternative is to subsidize consumption again and rush towards bankruptcy

The first goal of any government should be to boost exports and services inflows we cant go on with such an inflated public spending

 

[AZ1]

Pakistan and many other countries are not the West or UK where there is a plentiful supply of collages and skill centres , where the govt pays for you learning skills, Where you never have to worry about your next slice of bread or money to buy medicine for your sick mother. You labour 12 hours a day to earn a crust from a employer who treats you like a slave and may just refuse to pay you, Where every govt agency is for the benefit of the rich and powerful. Where the only education you could just about afford teaches you nothing about skills except reciting the Koran. This Marie Antoinette glasses through which you view the poor is despicable




I believe this is a fantasy created by the rich and well off who have no desire to examine without prejudice the workings of a Dickensian society ruthlessly tilted against the poor. In the local shops with Pakistani owners they treat their Pakistani workers as SLAVES. these people in UK sometimes work 18 hours a day for their Pakistani employers for a pittance . These employees with poor English, some with obligations going back to Pakistan connections and not being aware of labour laws in UK are treated as servants from the 18th centaury.
Dogs are treated better. I always tip them a few pounds because they are very helpful and I am getting old but it saddens me to see how they get treated.

You are free to believe because you never visited PIA hanger here where bhutto photo is hanging on the wall like he owns PIA nor Steel mill which used to be in profit I can go on but it would be useless who lives in pakistan knows exactly what I am talking about.

 

[Cookie Monster]

Agreed but all these problems were created over the last 70 years not in 1 day, thus they will take atleast a minimum of a decade to resolve to the point where major changes are seen. At this rate PK can reasonably achieve the export target of 50 BN USD by 2024-2025. If imports are reigned in, FDI/Remittance increased, then the deficit problem will resolve on its own. IK will need atleast until 2030 to resolve the majority of PKs problems. That is the sad state of affairs for us.

This is the point that ppl don't get. They criticize IK for not fixing the problems 70 years in the making...in his one term. They think going back to those idiots who held power for many terms would solve the problem(ignoring how they had a huge part to play in the current mess). All they would do is kick the can down the road.
...whether we deal with this now...or leave it for the future generation...these harsh measures(inflation due to depreciation of Rupee's value, end of subsidies, widening tax net, increasing taxes, etc.) WILL come to pass...and will be even harsher further down the road. I honestly don't know how ppl think everything will continue to be rosy while simultaneously the nation pays back the massive debt with a stagnant economy. While I feel for the poor man struggling immensely(and all the corrupt a**holes that have come and gone are responsible for that)...but these measures are necessary and unavoidable. IK may not be doing as great as might be possible...and yes he is surrounded by some of those same corrupt and incompetent idiots...
...but he is still doing better than those before him. My fear is that ppl will buckle under pressure(financial pressure) and will vote him out...replacing him with the likes of Zardari/Nawaz/etc.
...and back to square 1.

 

[ziaulislam]

This is the point that ppl don't get. They criticize IK for not fixing the problems 70 years in the making...in his one term. They think going back to those idiots who held power for many terms would solve the problem(ignoring how they had a huge part to play in the current mess). All they would do is kick the can down the road.
...whether we deal with this now...or leave it for the future generation...these harsh measures(inflation due to depreciation of Rupee's value, end of subsidies, widening tax net, increasing taxes, etc.) WILL come to pass...and will be even harsher further down the road. I honestly don't know how ppl think everything will continue to be rosy while simultaneously the nation pays back the massive debt with a stagnant economy. While I feel for the poor man struggling immensely(and all the corrupt a**holes that have come and gone are responsible for that)...but these measures are necessary and unavoidable. IK may not be doing as great as might be possible...and yes he is surrounded by some of those same corrupt and incompetent idiots...
...but he is still doing better than those before him. My fear is that ppl will buckle under pressure(financial pressure) and will vote him out...replacing him with the likes of Zardari/Nawaz/etc.
...and back to square 1.

Lol dont fear about things that have already happened

Public have already decided they want this man to fix problem

 

[CrazyZ]

I believe this is a fantasy created by the rich and well off who have no desire to examine without prejudice the workings of a Dickensian society ruthlessly tilted against the poor. In the local shops with Pakistani owners they treat their Pakistani workers as SLAVES. these people in UK sometimes work 18 hours a day for their Pakistani employers for a pittance . These employees with poor English, some with obligations going back to Pakistan connections and not being aware of labour laws in UK are treated as servants from the 18th centaury.
Dogs are treated better. I always tip them a few pounds because they are very helpful and I am getting old but it saddens me to see how they get treated.

Now imagine if this same thought process was applied to export oriented industries inside Pakistan ....living standards in Pakistan would probably be higher. East Asians did this through "for-profit" state backed backed industries and their economies boomed lifting millions out of poverty. Compare Karachi Steel Mill (KSM) to the South Korean POSCO. KSM was a jobs program passed off as industry....1 million employees produced 1 ton of steel. At POSCO 1 employee produces 1 million tons of steel . This is the huge issue with 1950's leftish British economic thinking that is championed by PPP and liberals in Pakistan.

 

[Maula Jatt]

Now imagine if this same thought process was applied to export oriented industries inside Pakistan ....living standards in Pakistan would probably be higher. East Asians did this through "for-profit" state backed backed industries and their economies boomed lifting millions out of poverty. Compare Karachi Steel Mill (KSM) to the South Korean POSCO. KSM was a jobs program passed off as industry....1 million employees produced 1 ton of steel. At POSCO 1 employee produces 1 million tons of steel. This is the huge issue with 1950's leftish British economic thinking that is championed by PPP and liberals in Pakistan.

On a serious note anyone knows what kind of an economic plan PMLn had in mind? (I heard someone said UAE Model with reliance on imports but I hope someone knowledge and serious can break down Thier model for us- maybe they had a plan worth listening to)
@FOOLS_NIGHTMARE , @Pakistan Space Agency ,@Chak Bamu , @Jungibaaz

I know PTI is into east Asian thing but I am not completely sold on that...
But let's see how it goes (provided next gov follow through with Thier policies)

Issue is we really need to sit down and have some sort of agreement on what kind of economic policies we want for the nation
Can't keep changing it after every 5 years

Now I know everyone adjusts policies for thier own situation if PTI says they like east Asian model but it doesn't mean they'll be following dito east Asian Model
Same is the case for PPP

That's why I just want to see what kind of policies PMLn had in mind that was Worth ammulating - ballpark country we can look at

 

[CrazyZ]

On a serious note anyone knows what kind of an economic plan PMLn had in mind? (I heard someone said UAE Model with reliance on imports but I hope someone knowledge and serious can break down Thier model for us- maybe they had a plan worth listening to)
@FOOLS_NIGHTMARE , @Pakistan Space Agency ,@Chak Bamu , @Jungibaaz

I know PTI is into east Asian thing but I am not completely sold on that...
But let's see how it goes (provided next gov follow through with Thier policies)

Issue is we really need to sit down and have some sort of agreement on what kind of economic policies we want for the nation
Can't keep changing it after every 5 years

"It doesn't matter whether a cat is black or white, as long as it catches mice." Deng Xiaoping
East Asian approach has been the most successful economic approach over last century. Classic Communism leads to low productivity and stagnation. Free market stuff works until the bubble bursts then all wolves on wall street get amnesia about free markets and start pleading for government hand outs....

Nawaz-nomics is to employ unsustainable economic strategies that make you look while in office but end with up with Pakistan having to go to the IMF and a mess for the next rulers. UAE Model ....That requires a lot of oil money that Pakistan does not have....classic Nawaz-nomics

 

[ziaulislam]

On a serious note anyone knows what kind of an economic plan PMLn had in mind? (I heard someone said UAE Model with reliance on imports but I hope someone knowledge and serious can break down Thier model for us- maybe they had a plan worth listening to)
@FOOLS_NIGHTMARE , @Pakistan Space Agency ,@Chak Bamu , @Jungibaaz

I know PTI is into east Asian thing but I am not completely sold on that...
But let's see how it goes (provided next gov follow through with Thier policies)

Issue is we really need to sit down and have some sort of agreement on what kind of economic policies we want for the nation
Can't keep changing it after every 5 years

Now I know everyone adjusts policies for thier own situation if PTI says they like east Asian model but it doesn't mean they'll be following dito east Asian Model
Same is the case for PPP

That's why I just want to see what kind of policies PMLn had in mind that was Worth ammulating - ballpark country we can look at

UAE model

The whole pivot from day 1(1980s) was to build a strong motorway from oeshawar to karachi and open pakistan as gateway from south asia
Yet surprisngly there was no gawadar or other sea ports in the plan...(i thought it would have been better to build omara or other areas closer to karachi first)

Manfacturing was never really a part of the plan..basically services and imports

Hence why u saw a drop in manfacturing and pick up on imports ..all of growth came from services and consumption

Which is okay as long as you can finanace them

Also the ROI of 25% on power waa double the regional average of 12% and average of 7% of developed world
Making coal at 8cents ..world record

 

[Maula Jatt]

UAE model

The whole pivot from day 1(1980s) was to build a strong motorway from oeshawar to karachi and open pakistan as gateway from south asia
Yet surprisngly there was no gawadar or other sea ports in the plan...(i thought it would have been better to build omara or other areas closer to karachi first)

Manfacturing was never really a part of the plan..basically services and imports

Hence why u saw a drop in manfacturing and pick up on imports ..all of growth came from services and consumption

Which is okay as long as you can finanace them

Also the ROI of 25% on power waa double the regional average of 12% and average of 7% of developed world
Making coal at 8cents ..world record

It was used as an insult by Thier critics
For Thier overeliance on imports but without that UAE money

 

[CrazyZ]

Issue is we really need to sit down and have some sort of agreement on what kind of economic policies we want for the nation
Can't keep changing it after every 5 years

Now I know everyone adjusts policies for thier own situation if PTI says they like east Asian model but it doesn't mean they'll be following dito east Asian Model
Same is the case for PPP

These are good points. IMO, economic strategy and key economic decisions should be kept out of the hands on elected leaders in Pakistan as much as possible. A independent Central Bank is essential, COAS and NSC should also keep a hidden hand on policies for long term economic growth. This is part of the strategic battle zone....and our enemies want to exploit any vulnerabilities in economic matters. We should all remember that S Koreas economic boom was championed by a military Junta.