Deputy Secretary Information PTI says we are going to back to 2017-2018.

[Desprado]

https://twitter.com/x/status/1433699275683287062

https://twitter.com/x/status/1433699280276049929

https://twitter.com/x/status/1433699286835990529

https://twitter.com/x/status/1433699292716355584

https://twitter.com/x/status/1433699298185728003

In short he saying that IMF is going burried us alive with September numbers.

We said it correct i told everyone that we are going for total default with this. No one save us now expect we will now have the most harsh condition IMF ever given to country. Thanks for the Shaukat Tarin and Imran Khan growth vision.

The biggest problem is that CAD is not given by WB, ADB or AIIB ,however, it is given by Foreign commercial banks and their lending is very short and very interest ,which PMLN and caused Pakistan to beg to KSA, UAE, China and IMF. Now we going to more worse situation than after September and most likely mid October. It will very late by than even firing Shaukat Tarin wont work than.

 

[blueazure]

Mkt based exchange rate is working perfectly as intended...... It's dropping the value of pkr like a stone...

@Desprado . How long is the road to hyper inflation from inflation?

 

[Desprado]

Mkt based exchange rate is working perfectly as intended...... It's dropping the value of pkr like a stone...

@Desprado . How long is the road to hyper inflation from inflation?

2 months we will be having 13-15% inflation due to shoaib Akthar speed of devaluation. it will not impact any kind of import but it will stagnated our exports more. Devlauation is happening since June and exports are also dropping and no impact what so ever on imports. The major worry will be that by mid October it will be too late because PKR will be exhausted, inflation will be too high (Purpose to hire Shaukat tarin to reduce inflation will be null and void), and pause on growth and all 3 years of performance gone in single line gutter. There will too many scapegoat but the only blame on PM who hired them. Sudden increasing on Interest rate, using reserve to stable PKR, Firing SBP governor and FM both altogether will be on cards same like 2019 start because we heading at the direction but at much faster pace than anticipated.

 

[Zibago]

2 months we will be having 13-15% inflation due to shoaib Akthar speed of devaluation. it will not impact any kind of import but it will stagnated our exports more. Devlauation is happening since June and exports are also dropping and no impact what so ever on imports. The major worry will be that by mid October it will be too late because PKR will be exhausted, inflation will be too high (Purpose to hire Shaukat tarin to reduce inflation will be null and void), and pause on growth and all 3 years of performance gone in single line gutter. There will too many scapegoat but the only blame on PM who hired them. Sudden increasing on Interest rate, using reserve to stable PKR, Firing SBP governor and FM both altogether will be on cards same like 2019 start because we heading at the direction but at much faster pace than anticipated.

What?

Pakistan’s exports rise by 43pc to $2.257bn in Aug’21

The country’s exports surged 43 per cent to USD 2.257 billion in August 2021 as compared to USD 1.584bn in August 2020Advisor to PM for Commerce and Investment, Abdul Razak Dawood, mentioned on

profit.pakistantoday.com.pk

Mkt based exchange rate is working perfectly as intended...... It's dropping the value of pkr like a stone...

@Desprado . How long is the road to hyper inflation from inflation?

The alternative is subsidized consumption which is a horrible idea that has failed everywhere

 

[blueazure]

2 months we will be having 13-15% inflation due to shoaib Akthar speed of devaluation. it will not impact any kind of import but it will stagnated our exports more. Devlauation is happening since June and exports are also dropping and no impact what so ever on imports. The major worry will be that by mid October it will be too late because PKR will be exhausted, inflation will be too high (Purpose to hire Shaukat tarin to reduce inflation will be null and void), and pause on growth and all 3 years of performance gone in single line gutter. There will too many scapegoat but the only blame on PM who hired them. Sudden increasing on Interest rate, using reserve to stable PKR, Firing SBP governor and FM both altogether will be on cards same like 2019 start because we heading at the direction but at much faster pace than anticipated.

you are making me worried sir

 

[Mentee]

What?

Pakistan’s exports rise by 43pc to $2.257bn in Aug’21

The country’s exports surged 43 per cent to USD 2.257 billion in August 2021 as compared to USD 1.584bn in August 2020Advisor to PM for Commerce and Investment, Abdul Razak Dawood, mentioned on

profit.pakistantoday.com.pk

The alternative is subsidized consumption which is a horrible idea that has failed everywhere

Its already happening but for the ministers and beaurucrats . A single babu among many thousands spent 6 million pkr on tea parties the previous year. I wonder if we recruited humans or titans?

 

[Zibago]

Its already happening but for the ministers and beaurucrats . A single babu among many thousands spent 6 million pkr on tea parties the previous year. I wonder if we recruited humans or titans?

So you think wasting billions on making okr artificially high is a smart idea? Do you know what happened to other countries that did that?

 

[Desprado]

you are making me worried sir

Yes because the policy of PTI justification to devalue PKR was to stop CAD, less imports and more export. It did not happen and in fact we the biggest trade deficit ever Pakistan history last month ,which 4.1 billion dollar. So what is left? Saving reserve? This will be just a dream for a month because they way Shaukat Tarin is taking commercial loans from Banks at very high interest rate and shorter period he has already taken 2.5 billion dollar for filling CAD for 2 months. So if PTi does not use reserve problem and use reserve problem because the excuse to devalue PKR is gone even if do not use Reserve anyhow they will wiped off because they way we are taking commercial loans will not sustain. So they use it or not use it we heading towards Pakistan biggest crisis Pakistan ever faced economically because export did not deliver and devaluation currency to reduce imports has failed in flat on face.


.

What?

Pakistan’s exports rise by 43pc to $2.257bn in Aug’21

The country’s exports surged 43 per cent to USD 2.257 billion in August 2021 as compared to USD 1.584bn in August 2020Advisor to PM for Commerce and Investment, Abdul Razak Dawood, mentioned on

profit.pakistantoday.com.pk

The alternative is subsidized consumption which is a horrible idea that has failed everywhere

Import is 130% increase and export is only 20% increase total in 2 month you do see the gap?

 

[Mentee]

So you think wasting billions on making okr artificially high is a smart idea? Do you know what happened to other countries that did that?

no only thing economcially smart would be to force the habitual beggars in thhe civil service and cabinet to eat drink drive and study from their own pockets. How hard is it for i.k to revoke any such funds from the ministers and babus?


Can't he see the loot and plunder of the state treasury right under his nose ?



I mean its not just 6 thousand or 60 thousand or 6 lakh but an enormous amount of 6 million smoked to arrange the annual tea qouta for a single beaururcat?



Lord knows how much money that single babu may have exahusted on other "necessities of life"? Even a chaprasi brings his own Tiffin with him.

 

[alee92nawaz]

Mkt based exchange rate is working perfectly as intended...... It's dropping the value of pkr like a stone...

@Desprado . How long is the road to hyper inflation from inflation?

Already seeing the effects of devaluation. Rupee has become very worthless recently

 

[Norwegian]

Already seeing the effects of devaluation. Rupee has become very worthless recently

Good. Better to have worthless rupee than to have an overvalued one

 

[xyxmt]

https://twitter.com/x/status/1433699275683287062

https://twitter.com/x/status/1433699280276049929

https://twitter.com/x/status/1433699286835990529

https://twitter.com/x/status/1433699292716355584

https://twitter.com/x/status/1433699298185728003

In short he saying that IMF is going burried us alive with September numbers.

We said it correct i told everyone that we are going for total default with this. No one save us now expect we will now have the most harsh condition IMF ever given to country. Thanks for the Shaukat Tarin and Imran Khan growth vision.

The biggest problem is that CAD is not given by WB, ADB or AIIB ,however, it is given by Foreign commercial banks and their lending is very short and very interest ,which PMLN and caused Pakistan to beg to KSA, UAE, China and IMF. Now we going to more worse situation than after September and most likely mid October. It will very late by than even firing Shaukat Tarin wont work than.

MashaAllah

 

[Zibago]

no only thing economcially smart would be to force the habitual beggars in thhe civil service and cabinet to eat drink drive and study from their own pockets. How hard is it for i.k to revoke any such funds from the ministers and babus?


Can't he see the loot and plunder of the state treasury right under his nose ?



I mean its not just 6 thousand or 60 thousand or 6 lakh but an enormous amount of 6 million smoked to arrange the annual tea qouta for a single beaururcat?



Lord knows how much money that single babu may have exahusted on other "necessities of life"? Even a chaprasi brings his own Tiffin with him.

Entertainment allowance that was used for tea parties has been dead for years now so its nothing more than political jargon now coming back to PKR government shouldn't intervene in the currency market even if pkr rises further
The government should focus on raising exports

 

[Desprado]

Good. Better to have worthless rupee than to have an overvalued one

So what we achieved undervaluing? No export increase and only import increase. Coming to reserve PMLN and PPP can better Job than PTI by filling the reserve by taking loan so i ask what we achieved by devaluing. God forbid, if Pakistan default the currency will also devalue so you take that as achievement?

 

[blueazure]

Good. Better to have worthless rupee than to have an overvalued one

you do realize what a worthless currency does to an economy of a nation ?

zimbabwe, lebanon, iran ??