Exports increase by 8.48pc in 11 months

[Patriot forever]

lol thanks to PML N where they brought light yes true they brought high effficent power plants with thermal efficiecny of 62% by the way LNG Saved 2 Billion US$ in crude oil but Saudi didnt like any one playing against furnace oil



Im not bringing Army im saying non development spendings contribute nothing against GDP development also by your logic Ishaq Dar policy of buying dollars locally and keeping stable currency now makes more sense then ever as per your logic local deficits dont contribute to any deficit ,In reality you take loan and you borrow dollars to keep the balance or one way or another it supplements and compliiments each other .China and Pakistan have done many paper agreement still this is going on i remmember in Mushy era it was signed for 15 years or so we have trade of 20 Billion $ and we have 2 Billion in Yuan does it make sense ?

Thanks to plmn we are paying 18Rs per unit which has crippled our industries further on top we are loosing forex due to imported fuel. Your argument is illogical of saving 2billion dollars , when your using imported fuel worth many billions. This is what saves forex ..

Please read my post again, what I said is there are twin deficits. . External balance of payment is in foreign currency and you can not print dollar or yuan.
By what logic you connected what I said with Ishaq Dar failed policy. Btw he was subsidizing dollar, he actually pumped borrowed dollars into the market for cheap, learn the difference. Currency is strong and stable when your macroenomics is stable not when you are running a deficit. If there is a shortage of dollars in market rupee will fall, if there is a surplus rupee will strengthen.
You can compensate for internal deficit by issuing local bonds and printing money, which has its own detriments. Regarding PSDP plmn never actually spent more than 700-800billion. And for nondevelopmental expenses you first need to take care of enterprises that are leaking money. We also need to control the circular deficit as well as deficit in gas sector(which happened for the first time in our history during plmn) as they did not have the guts to demand from the public the amount they signed for in contracts. Left it to the next government.

Regarding your last point read my post again. This will give you a better understanding of what Chinese are saying.
'China has no intention to replace dollars in foreign trade transactions in Pakistan, but it provides an alternative currency through its banking channel to the traders.'
Equivalent of 3.5billion dollars in yuan. That's the cap they set.

 

[volatile]

Thanks to plmn we are paying 18Rs per unit which has crippled our industries further on top we are loosing forex due to imported fuel. Your argument is illogical of saving 2billion dollars , when your using imported fuel worth many billions. This is what saves forex ..

My friend issue is we all think we are experts how ever what expert says we dont read alone converting costly Furnace oil power plants to LNG saved 600 Million

https://www.thenews.com.pk/latest/366554-pakistan-saved-600m-in-qatar-lng-deal-bloomberg

You can compensate for internal deficit by issuing local bonds and printing money, which has its own detriments. Regarding PSDP plmn never actually spent more than 700-800billion. And for nondevelopmental expenses you first need to take care of enterprises that are leaking money. We also need to control the circular deficit as well as deficit in gas sector(which happened for the first time in our history during plmn) as they did not have the guts to demand from the public the amount they signed for in contracts. Left it to the next government.

Wrong again
https://www.tutor2u.net/economics/reference/exchange-rates-impact-of-a-current-account-deficit

Regarding your last point read my post again. This will give you a better understanding of what Chinese are saying.
'China has no intention to replace dollars in foreign trade transactions in Pakistan, but it provides an alternative currency through its banking channel to the traders.'
Equivalent of 3.5billion dollars in yuan. That's the cap they set.

did you went thru the link i shared ? China is dumping dollars and wants to trade in dollar ? does it make sense for you ?

 

[AZ1]

My friend issue is we all think we are experts how ever what expert says we dont read alone converting costly Furnace oil power plants to LNG saved 600 Million

https://www.thenews.com.pk/latest/366554-pakistan-saved-600m-in-qatar-lng-deal-bloomberg


Wrong again
https://www.tutor2u.net/economics/reference/exchange-rates-impact-of-a-current-account-deficit

did you went thru the link i shared ? China is dumping dollars and wants to trade in dollar ? does it make sense for you ?

China will not just start now. China is making agreement with other countries too and then will start like russia, bangladesh and india. Pakistan has already agreed. So have to wait until china start it.

 

[Patriot forever]

My friend issue is we all think we are experts how ever what expert says we dont read alone converting costly Furnace oil power plants to LNG saved 600 Million

https://www.thenews.com.pk/latest/366554-pakistan-saved-600m-in-qatar-lng-deal-bloomberg


Wrong again
https://www.tutor2u.net/economics/reference/exchange-rates-impact-of-a-current-account-deficit

did you went thru the link i shared ? China is dumping dollars and wants to trade in dollar ? does it make sense for you ?

My friend issue is we all think we are experts how ever what expert says we dont read alone converting costly Furnace oil power plants to LNG saved 600 Million

https://www.thenews.com.pk/latest/366554-pakistan-saved-600m-in-qatar-lng-deal-bloomberg


Wrong again
https://www.tutor2u.net/economics/reference/exchange-rates-impact-of-a-current-account-deficit

did you went thru the link i shared ? China is dumping dollars and wants to trade in dollar ? does it make sense for you ?

The point you raised clearly showed you lost the argument and have nothing else to say but can't accept the facts. Just a couple of simple questions ?
How many old furnace oil powerplants they converted?
How many new imported gas and coal power plants they installed to get kickbacks?
Did they transfer the cost per unit of these new plants to public, or were coward enough and left it to the next gov?
Did they transfer the real cost of Qatar LNG to public or industries or left it to the next government?
And after all this you are concerned about non development expenditure and circular debt.

Me 'Wrong again' seriously? Do you even know what current account is? The link you posted describes perfectly what I stated in my previous post. The account you are confusing it with is called financial account.

Yes yes I saw the link. The reason China is doing it is because we run a huge deficit with them, what that's means is we are basically asking them for a loan (line of credit) in yuan to cover our deficit. These type of agreements work best when their is a 2 way trade (barter system). I quoted what Chinese said. If you have more relevant knowledge regarding Pak China in this regard feel free to share.

 

[volatile]

How many old furnace oil powerplants they converted?
How many new imported gas and coal power plants they installed to get kickbacks?
Did they transfer the cost per unit of these new plants to public, or were coward enough and left it to the next gov?
Did they transfer the real cost of Qatar LNG to public or industries or left it to the next government?
And after all this you are concerned about non development expenditure and circular debt.

Me 'Wrong again' seriously? Do you even know what current account is? The link you posted describes perfectly what I stated in my previous post. The account you are confusing it with is called financial account.

Yes yes I saw the link. The reason China is doing it is because we run a huge deficit with them, what that's means is we are basically asking them for a loan (line of credit) in yuan to cover our deficit. These type of agreements work best when their is a 2 way trade (barter system). I quoted what Chinese said. If you have more relevant knowledge regarding Pak China in this regard feel free to share.

Loosing an argument by what standards ? The furnace oil production along with imports were banned the reason why refieneries were in trouble as they didnt have catalytic converters to convert Furnace oil to diesel .Also furnace oils have thermal efficieny of 22% to 25% where as RLNG had 66% thermal efficiency by which logic current Govt is supporting Furnace oil plant (Only to facilitate South Punjab Khusro`s and Dawoods) LNG saved massive amount of revenue as per unit KWH of energy was less then Furnace oil ,this investment had 33% IRR as no body wanted to invest post Zardari era and same IPP policy was used which was of 1996 so where is the problem you see ? For current account and trade balances you were off the view that we can print money i just made a case where printing money more to curtail deficit impacts devaluation

 

[Patriot forever]

Loosing an argument by what standards ? The furnace oil production along with imports were banned the reason why refieneries were in trouble as they didnt have catalytic converters to convert Furnace oil to diesel .Also furnace oils have thermal efficieny of 22% to 25% where as RLNG had 66% thermal efficiency by which logic current Govt is supporting Furnace oil plant (Only to facilitate South Punjab Khusro`s and Dawoods) LNG saved massive amount of revenue as per unit KWH of energy was less then Furnace oil ,this investment had 33% IRR as no body wanted to invest post Zardari era and same IPP policy was used which was of 1996 so where is the problem you see ? For current account and trade balances you were off the view that we can print money i just made a case where printing money more to curtail deficit impacts devaluation

Mate by all standards as you didn't answer a single question I asked. I know because you already know the answer, just don't want to accept plmn failure and incompetence.
For your information furnace oil was banned by PTI government and only allowed one time import for ramadan. I thought you said plmn converted furnace oil to LNG?
Razak Dawood and Khusro Bakhtiar, actually it was plmn who signed the contracts with them. Now they are threatening with legal action if withdrawn.
Plmn is no different than Raja Rental of ppp, if not even worse. They didn't update the policy during their 5 years as it got them kickbacks.
The Crux of the problem is plmn signed expensive contracts with IPP's , made new ones using imported fuel, and the most sad part is they withdraw funding from Thar and rolled it back. And they never had the guts to transfer the actual cost of electricity to public or industries. Left it to the next government so they get the blame. COWARDS AND LIARS.

Please read my post again, I said INTERNAL DEFICIT not current account/trade balance.
Read the link you provided for understanding appreciation and depreciation of currency, the biggest factor is the foreign deficit/balance of payment crisis that leads to devaluation.

 

[volatile]

Mate by all standards as you didn't answer a single question I asked. I know because you already know the answer, just don't want to accept plmn failure and incompetence.
For your information furnace oil was banned by PTI government and only allowed one time import for ramadan. I thought you said plmn converted furnace oil to LNG?
Razak Dawood and Khusro Bakhtiar, actually it was plmn who signed the contracts with them. Now they are threatening with legal action if withdrawn.

your facts are as wrong as you continue to live in denial .
In 2017
The authorities have requested oil-based power plants to buy furnace oil stocks to relieve pressure on refineries which face a crisis after PM Shahid Khaqan’s Abbasi decision to ban imported fuel-based power plants, reported Dawn.
https://profit.pakistantoday.com.pk...as-govt-ponders-ban-on-import-of-furnace-oil/

The Crux of the problem is plmn signed expensive contracts with IPP's , made new ones using imported fuel, and the most sad part is they withdraw funding from Thar and rolled it back. And they never had the guts to transfer the actual cost of electricity to public or industries. Left it to the next government so they get the blame. COWARDS AND LIARS.

https://www.arabnews.pk/node/1670066/pakistan
Cowards are those who hide like this report
Pakistan defers probe into private power sector’s alleged wrongdoing

Also why in the name of GOD in 2019 furnace oil was issued to sitting minsters IPP ? For CPEC related projects these were hidden and as Sultane Azeem IK is now in power has already audited and got shut up call ,if you have facts then reply other wise save the MB s

Please read my post again, I said INTERNAL DEFICIT not current account/trade balance.
Read the link you provided for understanding appreciation and depreciation of currency, the biggest factor is the foreign deficit/balance of payment crisis that leads to devaluation.

you said print money ,is this correct ?

 

[Zibago]

in our history every new govt claims that when they took govt we are at verge of default,musharaf also said same when he took over and when pti govt is replaced by new govt they will likely to make same claim,problem is that this is not solution to defer default for few years by taking more loans without improving real economic factors needed for sustainable growth which currently we are doing

Every new reply you make is dumber than the previous one
How do you do it

 

[Yaseen1]

you are no authority to decide who is dumber,to me your every reply seem most dumbest in this pdf

Every new reply you make is dumber than the previous one
How do you do it

 

[Zibago]

you are no authority to decide who is dumber,to me your every reply seem most dumbest in this pdf

You reply to comments based on facts with conspiracy theories and feelings
How we got here makes all the difference

 

[Yaseen1]

I cannot convince anyone who cannot perceive things with depth and cannot think out of the box and things will seem him conspiracy theories which he is unable to understand so it is better to end discussion here instead of wasting each other time

You reply to comments based on facts with conspiracy theories and feelings
How we got here makes all the difference

 

[Patriot forever]

your facts are as wrong as you continue to live in denial .
In 2017
The authorities have requested oil-based power plants to buy furnace oil stocks to relieve pressure on refineries which face a crisis after PM Shahid Khaqan’s Abbasi decision to ban imported fuel-based power plants, reported Dawn.
https://profit.pakistantoday.com.pk...as-govt-ponders-ban-on-import-of-furnace-oil/



https://www.arabnews.pk/node/1670066/pakistan
Cowards are those who hide like this report
Pakistan defers probe into private power sector’s alleged wrongdoing

Also why in the name of GOD in 2019 furnace oil was issued to sitting minsters IPP ? For CPEC related projects these were hidden and as Sultane Azeem IK is now in power has already audited and got shut up call ,if you have facts then reply other wise save the MB s

you said print money ,is this correct ?

You thing is, you think you are smart but do not want to accept the problem because of political bias. The article you posted and import ban concerns with refineries and local surplus due to deceased electricity demand which happens every winter. During summers we have shortage.

This by no means show conversion of oil based plants to LNG . I will give an example from this winter.

KESC is given permission this year to import that only during summer because they don't have any alternate generation to compensate for the demand rise. These plants and their contracts were done during plmn and ppp era.

Now let's get back to our original topic which was imported fuel vs local sources. I will repeat my question to you.
How many old furnace oil powerplants they converted?
How many new imported gas and coal power plants they installed and stopped funding/rolled back Thar to get kickbacks?
Did they transfer the cost per unit of these new plants to public, or were coward enough and left it to the next gov?
Did they transfer the real cost of Qatar LNG to public or industries or left it to the next government?

This government in contrast not only fully endorsed thar coal but also attracted multitude of local investors, as evident from the list I provided.


Now to your second point.
From the article you posted, the reason given why IK gov deferred the probe. Quoting the article you posted.
'Prime Minister Imran Khan’s government ordered late last month the investigation into the IPPs’ contracts after he was presented with a 278-page report by a government committee which outlined a number of alleged transgressions.
However, a cabinet meeting Khan chaired on Tuesday decided to defer the probe. “In order to provide a chance of meaningful negotiations with the IPPs, constitution of inquiry commission ... may be deferred for two months,” said the meeting minutes seen by Reuters.'

You do realize you cannot just nullify a contract your plmn signed with these IPP's with state guantees. First option is to negotiate with them, if it fails 2nd option is to initiate legal proceedings ( even then success is not guaranteed as plmn signed these contracts with full knowledge of preposterous terms)

Coming to your last point. I said regarding fiscal deficit/budget deficit. Issue local bonds to raise capital, print money, reduce your circular debt, generate more money through taxes , implement austerity measures, reform or privatize gov enterprises that are loosing money, increase non tax revenue etc etc.
Yes I stand by what I said, that's how you control fiscal deficit.

 

[volatile]

Now let's get back to our original topic which was imported fuel vs local sources. I will repeat my question to you.
How many old furnace oil powerplants they converted?
How many new imported gas and coal power plants they installed and stopped funding/rolled back Thar to get kickbacks?

Its not Govt job the policy was announced that we will not buy electricity from those plants which are in efficient and cost effective .They Govern these 5 years with Dharna`s done by same PTI ,Faizabad ,Judicial Activism ,remember they came with power deficit
https://tribune.com.pk/story/569956/new-energy-policy-govt-to-end-blackouts-in-three-years/
3 years is very short time to over come this so basis are right

ow to your second point.
From the article you posted, the reason given why IK gov deferred the probe. Quoting the article you posted.
'Prime Minister Imran Khan’s government ordered late last month the investigation into the IPPs’ contracts after he was presented with a 278-page report by a government committee which outlined a number of alleged transgressions.
However, a cabinet meeting Khan chaired on Tuesday decided to defer the probe. “In order to provide a chance of meaningful negotiations with the IPPs, constitution of inquiry commission ... may be deferred for two months,” said the meeting minutes seen by Reuters.'

You do realize you cannot just nullify a contract your plmn signed with these IPP's with state guantees. First option is to negotiate with them, if it fails 2nd option is to initiate legal proceedings ( even then success is not guaranteed as plmn signed these contracts with full knowledge of preposterous terms)

Coming to your last point. I said regarding fiscal deficit/budget deficit. Issue local bonds to raise capital, print money, reduce your circular debt, generate more money through taxes , implement austerity measures, reform or privatize gov enterprises that are loosing money, increase non tax revenue etc etc.
Yes I stand by what I said, that's how you control fiscal deficit.

lol what an explanation here is a correct one

https://www.dawn.com/news/1457171

“The world’s cheapest power plants are closed and electricity is being produced through most expensive fuel, causing a daily loss of Rs1 billion to the national exchequer,” he said, demanding that an inquiry should be ordered to probe why cheaper power plants had been closed.

 

[Syed1.]

Current Account was surplus $13Million in May and I think was the second time in this financial year. This hasn't happened in YEARS.


But but but yeh hakumat na-ehl aur nalaik hai I miss my Nawaja.... Khata tha tu lagata bhi tha

 

[Patriot forever]

Its not Govt job the policy was announced that we will not buy electricity from those plants which are in efficient and cost effective .They Govern these 5 years with Dharna`s done by same PTI ,Faizabad ,Judicial Activism ,remember they came with power deficit
https://tribune.com.pk/story/569956/new-energy-policy-govt-to-end-blackouts-in-three-years/
3 years is very short time to over come this so basis are right


lol what an explanation here is a correct one

https://www.dawn.com/news/1457171

“The world’s cheapest power plants are closed and electricity is being produced through most expensive fuel, causing a daily loss of Rs1 billion to the national exchequer,” he said, demanding that an inquiry should be ordered to probe why cheaper power plants had been closed.

Its not Govt job the policy was announced that we will not buy electricity from those plants which are in efficient and cost effective .They Govern these 5 years with Dharna`s done by same PTI ,Faizabad ,Judicial Activism ,remember they came with power deficit
https://tribune.com.pk/story/569956/new-energy-policy-govt-to-end-blackouts-in-three-years/
3 years is very short time to over come this so basis are right


lol what an explanation here is a correct one

https://www.dawn.com/news/1457171

“The world’s cheapest power plants are closed and electricity is being produced through most expensive fuel, causing a daily loss of Rs1 billion to the national exchequer,” he said, demanding that an inquiry should be ordered to probe why cheaper power plants had been closed.

The challenges faced by PTI in 2 years are more than Plmn faced in 5. This will lead to political debate so I will avoid commenting further.
I will just summarize for you the things you know but cannot accept. Their projects, neither our industries nor our people can afford . Fun fact is they know this very well, that's why they never dared to transfer the actual cost of electricity to the people and left it to the next government.
It was all for kickbacks and publicity.
Quaid e Azam solar project ring a bell?
The IPP contracts they signed guaranteed 40% profit on generation and further 100% capacity payment irrespective of actual generation, and top of that all this is in dollars.
They withdrew funding, and rolled back Thar project, to promote imported coal and LNG ones. Just an example I mentioned before imagine the logistics, imported coal power plant in sahiwal. The place was selected for political reasons not with economy in mind.


Your 2nd point. The explanation I gave was from the article you yourself posted. I will add this as well..