Breaking: Asad Umar axed!

[Khafee]

i assume certain quarters refers to army generals

How are you Mr.Boob.

 

[nahtanbob]

How are you Mr.Boob.

I am fine - having a slice of pizza with coke

 

[Khafee]

I am fine - having a slice of pizza with coke

Glad to hear that, hope you arteries don't choke any time soon.

 

[AHMED85]

Well I am not going to f[emoji856] u c k my mind for politics, so I am

 

[Wa Muhammada]

Asad Umar's Last words before resigning...

ایک چیز میں ثابت کر کے جا رہا ہوں کہ گانوں سے معیشت صحیح نہیں ہو سکتی ، اسد عمر

Source ?

I get the feeling that all this talk of a Presidential system could be because the ‘establishment’ has realised that the only way to overcome opposition is de facto emergency rule whereby Imran Khan becomes a puppet President doing whatever he is told to do without much opposition...

 

[Radd-ul-Fasaad]

Hi, this is not a refutation but only an explanation to keep the record straight.

1) The system cannot be changed within 8 months. Rich will continue to get rich and the poor more so because this is the way it is rigged by the corrupt to benefit themselves. It can only be undone constitutionally in a very meticulous way and only one step at a time since parliament is hung.

The other option is already tried by several dictators with even worse outcome because of lack of focus i.e. only prolonged the struggle against corrupt by having cold feet and letting them back in the system...just as it looks to be readying itself to do the same again these days - may Allah Subhan Taala forbid any extra constitutional step but a constitutional change towards presidential system is a far better approach than any civil emergency.



2) What else do you expect but inflation to spiral when the government had no option but to print currency after assuming power? The other option was to default right away.

Ask caretaker government and the reply was that there was nothing left in the coffers but if they hadn't got mini bailout by China to even hold elections. That's how bad it was.



3) The old government had floated all your dollar reserves in the market to artificially keep dollar in check. The old government had drowned Pakistan in unprecedented debt that requires what? Had Scheduled Repayment of debt after its tenure - how much is the repayment?

Just the interest to be payed back besides the actual amount of debt - how much?

7 BILLION DAILY X 30 X 12 is required to keep Pakistan from defaulting.

What else can be done when economic packages by friendly countries have been
Generous but still not enough to keep up with the debt repayment?

You have to go to IMF for still more help with rescheduling of debt and some more to payback what's due.

Now let me skip to other points before addressing point 4 at the end.



The $200 billion was actually identified by a Swiss Banker to the then FM Ishaq Dar who declared the same in NA and promised to bring it back. PTI picked it only after Ishaq Dar's own Chairman FBR sabotaged and brushed all the efforts under the carpet.

PTI promised much about it before elections but to the astonishment of people in the know, IK's advisors obnoxiously went ahead and advised IK to appoint the same guy as Governor State Bank. What is more astonishing is that IK agreed and appointed the same.

What to expect from that guy to do anything about bringing the very dough stashed in Swiss Banks when the very guy who sabotaged the deal with Swiss government was heading the most powerful financial institution.

6) Pak Steel, PIA issues are just political rallying points for PPP and PMLN to get an excuse to mobilize the thousands of employees and start street agitation if PTI disturbs the proverbial hornets nest.



The budget deficit has been reduced to one third, government's Mughlia and wasteful expenditure has been all but eliminated. The imports bill has been reduced but exports have only marginally been improved so the cost of production needs to be checked - energy bill is one of the major reasons as circular debt has been spiralling since 2015 and besides the massive electricity circular debt, FOR THE FIRST TIME IN HISTORY, PMLN LET THE GAS CIRCULAR DEBT GENIE LOOSE IN ITS TENURE BY DOING EXPENSIVE LNG DEAL WITH QATAR.

The biggest relief, believe it or not is that Pakistan didn't default or else the effluent would be going breakfast shopping with currency in shopping bags while the poor would be committing suicide instead of screaming inflation at the moment.

The only way out is to tighten the belt, pay due taxes instead of finding loop holes and eat the proverbial grass like our leaders of the past used to claim for the economic revival of Pakistan.

But apart from the salaried, we the people of Pakistan, it's business community at large would rather bribe FBR officers, buy smuggled, grey channel goods and avoid paying taxes all together instead of paying fair share of taxes.

The biggest mistake by Asad Umar was to restrict non tax filers as booby trapped by reform roadmap set by Mifta and PMLN along with drastic rupee devaluation also in line with Mifta. This along with trying to reduce the energy circular debt simultaneously, just hanged the economy - now it is stuck unless remedial steps are taken and IMF funds kick in.

This is the simple legacy of years of corrupt rulers - corrupt to the core society looking to blame anyone as incompetent, unwise, not thinking out of the box, and every possible profanity right, left and center of anyone who tries to correct the economy destroyed due to the corrupt by blaming the very reformers instead of those responsible for the years and years of rot.

Ishaq Dar the pig who destroyed Pakistan's economy and Sharifs who amassed the biggest foreign debt in the entire history of Pakistan should be hanged and all their assets be confiscated.

But we see them getting bails and what not. Wow, just Wow.

@Tps43 @PakSword @Farah Sohail @Verve @Path-Finder @Zibago @django @war&peace @Moonlight
@BHarwana

Great post but Tariq Bajwa(Governer of the State Bank of Pakistan) was appointed by Nawaz Sharif in 2017 and as it is a tenure position PTI can't remove him.

 

[Wa Muhammada]

@Retired Troll @zulu @Verve @Reddington @Khafee @Mentee @Areesh @VCheng

Unfair to blame the FinMin... he resisted and pervailed in saving Pak from default. Took some difficult decisions.

IMF considered him to be 'arrogant' because he challenged them on going soft on #EconomicTerrorist Isaq $ and NS regime... practically looking the other way. IMF doesn't like independent thinking.

FinMin actually did quite good... the comms Min didn't promoted him... I strongly believe ComMin is part of #CriminalEnterprise

Regardless, the countdown has now begun for Interim Setup.

This setup is going to last between 2 to 3 years. Now you will see Pak State coming into play.
No. No one in uniform.

Pak is too important to be left into hands of NS gang/Zardar gang/#Diesel gang....

Would be better if IK desolve the current #CriminalParliment and go out with honour and not stick to the chair of PM.

The fact is IK cann't delvier anything in the current setup. IK should now do the necessary.

So will the state be appointing technocrats ?

 

[Mangus Ortus Novem]

So will the state be appointing technocrats ?

Yes. What else?

The elected crowd is practically useless.... all they can do is talk and make slogans.

State needs to move forward... professionals are needed. So, yes.

 

[Death Professor]

yes really breaking news. oo iss bhai ko koi chai pani pilao, subah ho gye hai...

 

[shambhu]

PM kick out FM , not good for Pakistan.

Pakistan need stability with team work and good leadership . New FM will be expat , my guess , it may be IMF condition.

Please share your thoughts .

Thanks,

Sad news
IMF deal is still not final .

 

[maithil]

Rok Sako to rok lo PPP aayi re.

Old PPP and Musharraf hands coming to most crucial ministries. More things change..

 

[Pakistani Aircraft]

All Assad Umar did for the last eight-months was tell bongiyan at the expense of Pakistan economy.

He should be sent to prison for negligence.

 

[Wa Muhammada]

Tbh Imran Khan is someone who would be great as minister of Forestry.... other than that he has not shown much to write home about

That unfortunately will not happen with the current population. Anyone who resides in this country needs to start preparing their children for war.

?

IK is himself a poor decision btw

Lol

 

[TheDarkKnight]

Where is a U turn when you actually need one!
Great leaders take even greater u turns

 

[Wa Muhammada]

In front of your abba ji ... or Haji sahib or whatever.

Charity starts at home. Look after them instead.

Charity on PDF with his skewed trolling, what a f***** moron!

Bro

I don’t know @Retired Troll , but we all need to observe a certain level of etiquette...don’t think we should be swearing at each other... let him troll, let it be