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Fact is that the economy was growing at a healthy 6% during Imran Khan's tenure

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Finally someone who talks facts in this thread. i appreciate you good sir. The import gap is why Pakistan has to get IMF bailouts 13 times. $13B a year short fall is just not sustainable for Pakistan. Smarter economic policies during Imran govt could've avoided the current situation. Also he refused to goto the IMF when country was already in trouble. I am not saying the current govt is better than this. But this mess started when he was in power. As economic numbers tend to lag the economy was already in trouble before he was ousted. Maybe he was ousted because the economy was in trouble and he refused to goto the IMF?
Yes, he did mistake in 1st year and delayed it but after that even after covid it was all good. Thing is it takes time to build and increase reserves and exports.

In 2018 when Pti came reserves were very low I have threads about the situations

In Feb 2022 Pakistan stood with reserves of $18B, export increase from $26B to $30B, remittance increased from $22B to ,$29B so things were going in right direction and all this happened in 3.5 years Span of time.
I am not even taking factor of gdp incrase since it involves increase of import.

PMLN never focus on generating $. All their projects were and are take loan, build roads and run media campaign by channels owner.

In the end we have to payback loans,+interest for those loans.

Example is lahore metro train, cost is $1.7B, plus with $40 million of interest every year for next 12 years and generating zero(0) $ even we have to run this project on subsidy.

Useless projects by pmln and why pti or any political party will go for imf knowingly they will be out by next few months after they performed well in terms of exports and remittance? to have all inflation blame on themselves in the end?

all numbers are pointing that PTI was doing good.


Look at this reward for growing the economy at 6%
So after 10 months they came to know when they couldnt handle and burn all the reserves? first pmln blame mifta and bring back dar, when dar fails they start blaming tarin lol
 
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he very reason you’re suffering from an economic crisis right now is the 6% growth you achieved last year by Imran. With 6% growth in an import based economy comes huge current account deficit of $17.4 billion in an economy who’s size is roughly $347 billion, that's 5% of your GDP of just Current Account Deficit. Your country faces a boom and bust cycle thats why after every year of “miraculous” growth you achieve comes with huge current account deficit that puts the country into an economic crisis like this. If that wasn’t enough Imran also sabotaged the IMF deal by giving heavy subsidies on fuels before IMF talks a few weeks before he was ousted by vote of no confidence, couple that with Darnomics and here you are.

The so called 6% growth was on the back of base year update and rise in imports- $80B imports that year! Thats why there is a crisis for $$$ right now

Now the math is simple. Imports of $80B and exports are what half that? somewhere around $30-50B. What will happen to foreign exchange reserves?
that is clearly a load of dung and manure that has no logic to back it up.
 
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he very reason you’re suffering from an economic crisis right now is the 6% growth you achieved last year by Imran.

That is disingenuous and is typical of people who are muddying the waters. Over the term PTI was in power the first 2 years they reduced the import costs the third year it did increase but to around $62bn not the $80bn figure you wrote. c$19bn is on oil, mineral related products which cant be avoided.

I dont know why people are deliberately overlooking the fact when PTI was in power 2 of those years were covid years where worldwide economies were affected. This last year Pak has lost allot of money because of the political instability created by removing IK, the remittances, investments and business confidence along with businesses shutting down. This is down to the regime change operation where people including orgs like IMF have lost confidence in Pak. If I was an investor I would stay away seeing how much a banana republic Pak is, where its generals and other politicians with criminal records can come to power and do away with policies as they see fit leaving me with all my money trapped.
 
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what was the damage? Now you will run away. Come up with facts and logic and not your bhudda mentality. Youth is educated now and its not 90's to make fool outof them like you been fooled by pmln.



Nothing to do with IK.

Overseas Pakistanis are unable to send money because inflation all over the world is touching the sky.

People do not have disposal money to send back home.

Pakistan's Forex was already going down the hill even before IK lost power.

pakistan-foreign-exchange-reserves.png
 
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Nothing to do with IK.

Overseas Pakistanis are unable to send money because inflation all over the world is touching the sky.

People do not have disposal money to send back home.

Pakistan's Forex was already going down the hill even before IK lost power.

pakistan-foreign-exchange-reserves.png
overseas pakistan were sending remittance in covid when everything was closed. Exports are down, remittanxe are down these are down because of pmln dar policy even miftah is also saying in kamran khan show


 
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