Financial terrorism committed by the Govt-Military duos

[Patriot forever]

First of all, I am the one who is leading this discussion. Don't strut around like you are an expert.

Second, the fact of the matter is that your leader has sought to subvert the discussion by constructing an argument around CAD. So let me give you some education. There is a concept more generalized than Current Account and its deficit. It's called Balance of Payments. The components of Balance of Payments are so intricately linked, that it is an outright lie to say 'X component is a result of Y'. Hence, your statement 'High debt is the result of CAD going out of control, not the other way around' is ill-informed and shows that you are an amateur talking about concepts you don't understand.

What has been going on through successive governments now is economic jugglery to score points from an ill-informed nation. Ishaq Dar artificially strengthened the rupee, but let the Current Account Deficit slide. Since there is no single person who is the equivalent of Ishaq Dar in the Imran Khan setup, I will say that Imran Khan initially made non-sustainable improvement to CAD, and because of that non-sustainability, we are now seeing a massive relapse. On top of that, massive external debt has been piled on. Quite conveniently for Imran Khan, external debt shows up nowhere in the entire Balance of Payments equation, only the debt that is being serviced shows up as outflow and the transfer of funds from debt as an inflow. Debt improves the Balance of Payments by increasing the positive inflows into the economy. And thus, external debt is the hidden variable into which Imran Khan has shoved his incompetence, while shamelessly harping about an unsustainable improvement to CAD.

The real problem is how Pakistan as a country and the government as an entity can earn more dollars to pay off the debt. This problem is not addressed by anyone, thus fulfilling the foreign agenda to keep Pakistan in a debt trap.

Bro you seem to be more confused than I previously thought. Let me ease your suffering by elaborating some basic concepts.

CAD:
A differential between your earnings and expenditure primarily

Exports both goods and services +primary income inflow - (minus) imports in goods and services + primary income outflow.

When CAD is in - ve this amount has to be financed through your reserves.

Reserves:
Cummulative inflows and outflows over a certain amount of time.

With the reserves one has to finance
1) CAD ( If Current account deficit needs to be financed, if current account in surplus leads to addition in reserves)
2) Interest payment on existing debt
3) Maturing principal debt.

The inflows in reserves is primarily borrowing/debt ( SDR, other central bank deposits, bonds, direct debt etc etc which ultimately one has to pay back along with interest). This is what IMF helps with both by direct lending and indirectly by confidence measures to other lenders that particular country is enrolled with us and will be able to make timely payments.

When the financing requirements of a country gets overburdened this is called BoP crisis because your reserves will evaporate if financing is not arranged, this also puts rupee under pressure ( huge amount of financing/debt required to balance the books) which included financing CAD, making interest payments and to supplement reserves all of these contribute to increase in debt (Roll over of maturing principal debt is different as it is net zero sum).


Now tell us how increasing CAD leads to less debt. I am all ears

 

[CriticalThought]

Now tell us how increasing CAD leads to less debt. I am all ears

Before I address any other point, let me get this clear. You want me to explain how increasing CAD leads to less debt? Notwithstanding the absurdity of this sentence, why do you want me to explain this?

 

[Patriot forever]

Before I address any other point, let me get this clear. You want me to explain how increasing CAD leads to less debt? Notwithstanding the absurdity of this sentence, why do you want me to explain this?

It was you who said lowering CAD is exacerbating the problem leading to high debt. While I made the point of high CAD ultimately leads to high debt as well as BoP crisis.

Stage is yours..

 

[CriticalThought]

It was you who said lowering CAD is exacerbating the problem leading to high debt. While I made the point of high CAD ultimately leads to high debt as well as BoP crisis.

Stage is yours..

This is the world bank page for Pakistan's Balance of Payments

World Bank Open Data

Free and open access to global development data

data.worldbank.org

On the graph, you can click the 'Detail' button to get definitions of various concepts.

Current account balance (BoP, current US$) - Pakistan
Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.

Net primary income (BoP, current US$) - Pakistan
Net primary income refers to receipts and payments of employee compensation paid to nonresident workers and investment income (receipts and payments on direct investment, portfolio investment, other investments, and receipts on reserve assets). Data are in current U.S. dollars.

Net secondary income (BoP, current US$) - Pakistan
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.

This is an IMF document that details Secondary Income:

https://www.imf.org/external/pubs/ft/bop/2007/pdf/chap12.pdf

. Current international cooperation 12.47 Current international cooperation consists of current transfers in cash or in kind between the governments of different countries or between governments and international organizations. This includes: (a) transfers between governments that are used by the recipients to finance current expenditures, including emergency aid after natural disasters; they include transfers in kind in the form of food, clothing, blankets, medicines, and so forth; (b) annual or other regular contributions paid by member governments to international organizations (excluding taxes payable to supranational organizations) and regular transfers made as matter of policy by the international organizations to governments (for the treatment of capital contributions, see paragraph 13.32); and (c) payments by governments or international organizations to cover the salaries of those technical assistance staff who are deemed to be resident in the economy in which they are working and who are in an employer-employee relationship with the host government. Also included is technical assistance supplied in kind. Current international cooperation does not cover transfers intended for purposes of capital formation; such transfers are recorded as capital transfers. Contributions that give rise to equity are acquisitions of shares or other equity (as in paragraph 5.26). 12.48 External aid provided by governments through a nonresident entity created to undertake fiscal functions is also considered to be current international cooperation. These transfers are described in paragraphs 8.24–8.26.

Feel free to read in further detail.

And this is what I mean by Pakistanis being ill-informed and duped by successive governments, including Imran Khan government. Now look at your previous posts, see your haughty attitude and snarky comments, and give a resounding slap on your own face.

 

[Patriot forever]

This is the world bank page for Pakistan's Balance of Payments

World Bank Open Data

Free and open access to global development data

data.worldbank.org

On the graph, you can click the 'Detail' button to get definitions of various concepts.







This is an IMF document that details Secondary Income:

https://www.imf.org/external/pubs/ft/bop/2007/pdf/chap12.pdf

Feel free to read in further detail.

And this is what I mean by Pakistanis being ill-informed and duped by successive governments, including Imran Khan government. Now look at your previous posts, see your haughty attitude and snarky comments, and give a resounding slap on your own face.

You did not answer my question? Which is very obvious why

I am sorry to say that you did not read/understand or were unable to comprehend any of the links you yourself mentioned, which is exactly in-line with the point I was making. Your own post illustrates the classical debt trap and BoP crisis which this government inherited. Finally at least you got to the point of using the term 'successive governments'.

Smell the coffee and stop running out with your pants down like a headless chicken lecturing others.

There is only one way out of this crisis,
Maintain CAD at a manageable level and improve your ability to pay back your interest and debt. The economic abuse/mismanagement done in the last decade will take at a decade to reverse.

Instead of running unsustainable CAD along with artificially manipulating currency and subsidising imports at the cost of forex further compounding the problem. Which requires further financing to bridge the gap which in turn further increases interest payments which you are already borrowing in the form of new loans to payback.


Had the previous policy continued we would be 2nd Lebanon by now. Read what happened in that country. It bears striking similarities to where we were heading.

 

[CriticalThought]

You did not answer my question? Which is very obvious why

I am sorry to say that you did not read/understand or were unable to comprehend any of the links you yourself mentioned, which is exactly in-line with the point I was making. Your own post illustrates the classical debt trap and BoP crisis which this government inherited. Finally at least you got to the point of using the term 'successive governments'.

Smell the coffee and stop running out with your pants down like a headless chicken lecturing others.

There is only one way out of this crisis,
Maintain CAD at a manageable level and improve your ability to pay back your interest and debt. The economic abuse/mismanagement done in the last decade will take at a decade to reverse.

Instead of running unsustainable CAD along with artificially manipulating currency and subsidising imports at the cost of forex further compounding the problem. Which requires further financing to bridge the gap which in turn further increases interest payments which you are already borrowing in the form of new loans to payback.


Had the previous policy continued we would be 2nd Lebanon by now. Read what happened in that country. It bears striking similarities to where we were heading.

For other readers: this PTI rat is now well and truly trapped and squealing. He has just been shown how the Current Account Deficit can be artificially improved by piling on debt. Is clawing on straws because I used the words 'previous government'. And is wasting bandwidth by talking nonsense.

My interaction with you helps me see how some Pakistanis are beyond redemption. So enamored by whatever political party they belong to, they descend down to lies and talking nonsense.

 

[CriticalThought]

CAD:
A differential between your earnings and expenditure primarily

Exports both goods and services +primary income inflow - (minus) imports in goods and services + primary income outflow.

When CAD is in - ve this amount has to be financed through your reserves.

PTI rat at his dishonest best. He has NOT included secondary income in his definition. This fudging of reality makes him just like Ishaq Dar. Someone should ask what Imran Khan gives him to spread dishonest propaganda.

Reserves:
Cummulative inflows and outflows over a certain amount of time.

With the reserves one has to finance
1) CAD ( If Current account deficit needs to be financed, if current account in surplus leads to addition in reserves)
2) Interest payment on existing debt
3) Maturing principal debt.

More misinformation. The CAD does not need to be financed from reserves if you let the exchange rate float freely. And you only need to dig into reserves to pay principal + interest if you have no other source of dollars. Which is exactly the foreign agenda that traitor Imran Khan is pursuing.

The inflows in reserves is primarily borrowing/debt ( SDR, other central bank deposits, bonds, direct debt etc etc which ultimately one has to pay back along with interest). This is what IMF helps with both by direct lending and indirectly by confidence measures to other lenders that particular country is enrolled with us and will be able to make timely payments.

Complete hogwash. The primary inflows into reserves should be the savings of the government after all expenditures are taken into account. Imran Khan government has no plan to achieve this.

 

[Patriot forever]

PTI rat at his dishonest best. He has NOT included secondary income in his definition. This fudging of reality makes him just like Ishaq Dar. Someone should ask what Imran Khan gives him to spread dishonest propaganda.



More misinformation. The CAD does not need to be financed from reserves if you let the exchange rate float freely. And you only need to dig into reserves to pay principal + interest if you have no other source of dollars. Which is exactly the foreign agenda that traitor Imran Khan is pursuing.



Complete hogwash. The primary inflows into reserves should be the savings of the government after all expenditures are taken into account. Imran Khan government has no plan to achieve this.

Good I got you riled up already

1) I used 'primarily' for a reason, as in to cover major portion.

I guess this is the only point you can come up with.


2) Yes that is true but upto a certain extent not a 19b CAD. See that is why you see fluctuation in rupee value when CAD barely hit 700m, market based free float currency acts as a first line of defense. Ultimately you conceded to what I was saying artificial currency with 19b CAD is a recepie for disaster with huge implications and have to be financed via reserves/external borrowing which got us into this mess

3) This is what I was saying all along earnings after taking into account the expenditure broadly speaking Current account surplus is primary inflows on external side. I see IK managing it far better than his predecessor

I guess since you have backtracked on all your points, it's time you put an end to whatever mental gymnastics you were pulling.

 

[CriticalThought]

1) I used 'primarily' for a reason, as in to cover major portion.

I guess this is the only point you can come up with.

And again, completely wrong. The CAD is not even primarily financed by reserves. Healthy economies simply let the exchange rate float and have strong economic output and international trade that keeps the currency stable. But that is not the point of this thread. The point of this thread is Imran Khan furthering the agenda of his masters by pushing Pakistan further into debt trap and at the same time deceiving an ill-informed population by touting an artificially improved CAD.

2) Yes that is true but upto a certain extent not a 19b CAD. See that is why you see fluctuation in rupee value when CAD barely hit 700m, market based free float currency acts as a first line of defense. Ultimately you conceded to what I was saying artificial currency with 19b CAD is a recepie for disaster with huge implications and have to be financed via reserves/external borrowing which got us into this mess

The point is that Imran Khan is moving along the agenda started by Nawaz Sharif. That traitor left us with a CAD, and the traitor Imran Khan used that as an excuse to increase debt and dishonestly claimed victory by showing an improving CAD. Of course, there was an unsustainable clamp-down on imports involved as well.

3) This is what I was saying all along earnings after taking into account the expenditure broadly speaking Current account surplus is primary inflows on external side. I see IK managing it far better than his predecessor

I guess since you have backtracked on all your points, it's time you put an end to whatever mental gymnastics you were pulling.

And this is a lie you are feeding a gullible public. Your inflows constitute a large amount of debt as well. At the same time, Imran Khan's economic hitmen are demolishing all means of generating sustainable dollar inflows.

 

[Patriot forever]

And again, completely wrong. The CAD is not even primarily financed by reserves. Healthy economies simply let the exchange rate float and have strong economic output and international trade that keeps the currency stable. But that is not the point of this thread. The point of this thread is Imran Khan furthering the agenda of his masters by pushing Pakistan further into debt trap and at the same time deceiving an ill-informed population by touting an artificially improved CAD.



The point is that Imran Khan is moving along the agenda started by Nawaz Sharif. That traitor left us with a CAD, and the traitor Imran Khan used that as an excuse to increase debt and dishonestly claimed victory by showing an improving CAD. Of course, there was an unsustainable clamp-down on imports involved as well.



And this is a lie you are feeding a gullible public. Your inflows constitute a large amount of debt as well. At the same time, Imran Khan's economic hitmen are demolishing all means of generating sustainable dollar inflows.

You agreed to every point my made.

1) Thanks for explaing my point further. In the near future if we continue with the correct policies as we are doing right now and stick to it our economy which is in transition phase ( as you can clearly see from rupee reacting to small volatility) right now will attain equilibrium overtime as room for import substitution and export oriented sectors/industries grow. Unsustainable import ( clampdown is a hard word but rather prudulent management and many countries do it, more advanced countries do it in the grab of protection of local industries) at first yes but it was also followed by policy changes like free market currency we will attain balance and a stable currency. SUSTAINABLE GROWTH WITH MANAGEABLE CAD.

2) I have explained the point you are trying to force in my previous posts. It's repetitive at this point, debt buildup will slow down. It is a consequence of flawed policy of past decade. GDP to Debt ratio will start to come down eventually after the initial spike, but on much solid grounds and policies paving way for sustainable growth. Its not easy and will take a long time. Debt trap cycle is not easy to overcome.

3) Current account inflows does not constitute borrowing/debt inflows that goes to forex account ( reserves) . Current account inflow is your earnings and current account outflow is expenditure. Debt repayments, interest payment, borrowed inflows, bonds, other such instruments are handled by Reserves ( overall inflows and outflows over a period of time)

 

[CriticalThought]

You agreed to every point my made.

1) Thanks for explaing my point further. In the near future if we continue with the correct policies as we are doing right now and stick to it our economy which is in transition phase ( as you can clearly see from rupee reacting to small volatility) right now will attain equilibrium overtime as room for import substitution and export oriented sectors/industries grow. Unsustainable import ( clampdown is a hard word but rather prudulent management and many countries do it, more advanced countries do it in the grab of protection of local industries) at first yes but it was also followed by policy changes like free market currency we will attain balance and a stable currency. SUSTAINABLE GROWTH WITH MANAGEABLE CAD.

2) I have explained the point you are trying to force in my previous posts. It's repetitive at this point, debt buildup will slow down. It is a consequence of flawed policy of past decade. GDP to Debt ratio will start to come down eventually after the initial spike, but on much solid grounds and policies paving way for sustainable growth. Its not easy and will take a long time. Debt trap cycle is not easy to overcome.

3) Current account inflows does not constitute borrowing/debt inflows that goes to forex account ( reserves) . Current account inflow is your earnings and current account outflow is expenditure. Debt repayments, interest payment, borrowed inflows, bonds, other such instruments are handled by Reserves ( overall inflows and outflows over a period of time)

Like a broken record you are making generalized statements: 'Trust in Imran Khan, keep doing what we are doing, everything will be OK'. This is exactly the lullaby that I am here to stop. No, if we keep doing what Imran Khan is doing, our problems will never end.

So, tell me this, what is Imran Khan's plan to bring our debt servicing ratio to a manageable level. What is the high level plan?

 

[Patriot forever]

Like a broken record you are making generalized statements: 'Trust in Imran Khan, keep doing what we are doing, everything will be OK'. This is exactly the lullaby that I am here to stop. No, if we keep doing what Imran Khan is doing, our problems will never end.

So, tell me this, what is Imran Khan's plan to bring our debt servicing ratio to a manageable level. What is the high level plan?

Bro I think we just had a lengthy conversation about the topic though in a much narrower context, but it does cover the policies.

I follow real things not lullabies, if you had done the same we would not have lost a decade. I wish you get off from whatever you were on while opening this ridiculous thread.

 

[NaqsheYaar]

You want to escape from western imposed financial colonisation of Pakistan. Start with hanging the corrupt bastards one is applying for asylum in UK the other one is leeching karachi to the core and is planning for an another round of loot and plunder.

Not only the big name looters but many lesser known names would be squeezed off their looted wealth, across all walks of life. 2022 is going to be the most fateful year for Pakistan.

 

[CriticalThought]

I would like to call attention to the following quote from OP:

Similarly, Foreign Direct Investment, or FDI is pushed as a silver bullet, especially by IMF. But FDI can be a double edged sword. Without proper government oversight, FDI can lead to dollar outflows. It is for this reason that well managed countries have mechanisms for deep government oversight. Take a look at how the Australian government reviews foreign investment:

Now please peruse the following LinkedIn post:

Post | LinkedIn

I have been part of NICL judging and mentoring team since its inception. We screened and judged hundreds of startups in an effort to put them in a successful orbit and I really enjoyed that experience - I still do.

However, there is one delusion that we need to break - that somehow a startup is going to help Pakistan with its upward class mobility - it has not and will not until startup founders put country's interests above and over their own interests - which unfortunately is to join the top 1% industrial feudals on the tortured back of the middle and low class. At least make a selfless intention to help others and your own circumstances will change in a way that you never imagined.

I again want to raise awareness that Pakistan is being systematically weakened, and even the initiatives which on the surface seem to represent improvement have a dark side to them.

 

[ziaulislam]

NOTE: This article includes suggestions about dealing in interest bearing instruments. Interest is Haram in Islam and the author abides by this Islamic teaching. Unfortunately, a discussion on the problems of Pakistan's interest based economy necessarily needs to include interest based solutions. The discussion on how to convert the economy to a non-interest one is out of the scope of this article, and beyond the capabilities of this author. More knowledgeable people and actual religious scholars are encouraged to inform everyone on this very important topic.

I have on many occasions criticized the Bajwa-Khan duopoly that has ensnared Pakistan within its heinous tentacles. I have maintained that this regime is taking Pakistan towards complete Western takeover and eventual secession into multiple independent countries. One important component of this heinous crime is financial subjugation of Pakistan. I feel thehas shown its true nature by perpetrating terrorist policies, and the time is now ripe to bare these policies in front of Pakistan.

First let us review the high level roadmap of BKT's malicious plan:

1. Circa April 2019 - Imran Khan accepts the existence of terrorists in Pakistan during visit to Iran, thus going against Gen Raheel's policy to deny the existence of terrorists within Pakistan. https://www.dawn.com/news/1477837

2. Circa May 2019 - Influence China to stop blocking the declaration of Maulana Masood Azhar as a global terrorist. https://www.thenews.com.pk/print/465278-un-to-declare-masood-azhar-a-global-terrorist-today

3. Circa June 2019 - Pakistan is put into the FATF gray list. https://www.dawn.com/news/1418143

So far, everyone can understand the anti-Pakistan machinations of these traitors. In this article, we shall discuss at length the more obscure parts of this plan:

4. Circa June 2019 - Pakistan agrees to IMF conditions that go against its national interests. The relevant program can be accessed here: https://www.imf.org/en/Publications...he-Extended-Fund-Facility-Press-Release-47092

5. Under the IMF program, a huge focus is given to increasing government revenue through tax collection. This has been a multi-year odyssey of the PTI government.

6. Under the IMF program, key financial positions are given to IMF agents. The Governor State Bank Raza Baqir, FBR Chairman Shabbar Zaidi, and Adviser later to be Finance Minister Hafeez Shaikh have all served in IMF or World Bank.

7. A superfluous strengthening of the Rupee is seen which is followed by a sudden drop.

8. A superfluous improvement in Current Account Deficit is seen which is followed by a sharp increase.

9. The agenda of privatizing key government entities is pushed.

10. No attention to flight/loss of capital in the name of 'exports'.

All the while, no one amongst Pakistan's intelligentsia and political elite has the motivation or capability to speak truthfully about the country's troubles and how to fix them. This gives a free hand to BKT to shamelessly tout their treason as economic growth and improvement.

In what follows, I will first explain the real problem being faced by Pakistan, and the actual solutions needed to fix them. It will be abundantly clear how BKT's policies amount to financial terrorism.

Dollars - Pakistan's biggest problem

Pakistan's biggest problem today is the dollar denominated debt that needs to be paid to the tune of approximately 10 billion dollars every year. Any sensible person would argue that Pakistan needs to generate dollars to pay back this debt. Instead, under IMF dictation, the sole focus is on revenue collection in Rupees. These need to be converted into dollars, thus weakening the rupee even further just by paying back debt. The practical outcome of this insidious policy is the strengthening of PKR when debt was temporarily suspended due to COVID. As soon as the COVID crises ended, the PKR lost that strength. This is exactly the IMF plan to keep a country forever indebted: by focusing on revenue collection in the vernacular currency, subjecting the country to exchange rate shocks when it is converted into dollars on the international market.

Instead of highlighting this fundamental problem and discussing solutions for it, BKT has built and controlled a false narrative around CAD (Current Account Deficit) and revenue generation.

So this is Pakistan's question to BKT terrorists: why are you forwarding IMF's agenda to keep Pakistan under ever increasing debt?

Earning dollars - The fix for Pakistan's problems

Let us discuss the means through which Government of Pakistan can earn dollars.

Holding US Treasuries

Economically powerful nations keep a part of their dollar reserves in the form of US Treasuries. Japan and China are two of the biggest holders of such bonds. The key benefit of holding T-Bills is that they are interest bearing. Instead of money sitting idle in the reserve, treasures generate more dollars, albeit the inflation adjusted outcome my still be negative. A sound economic policy must include treasuries within the reserve basket.

Investment through Sovereign Wealth Fund

The IMF supports the formation of 'Sovereign Wealth Fund' and has done a lot of work in the recent past to define acceptable practices around the management of such funds. This is one case where at least some Pakistanis have tried activism to raise awareness. Googling for 'Pakistan Sovereign Wealth Fund' brings up the page for an advocacy group that aims to free Pakistan from its current financial shackles. But under BKT leadership, no work has been done on this very important front.

The management of an SWF cannot be left simply in the hands of foreign managers. Pakistan needs professionals of highest caliber, who are also patriotic Pakistanis, to manage such a fund. But again, we find complete absence of policy and direction from BKT in creating the required human resource for this.

Careful investment by an SWF can be a powerful tool to earn dollars that can be used to pay off Pakistan's debts. The complete absence of Treasuries and SWF from BKT's economic plan shows either incompetence or subversion. In either case, this presents an extremely poor picture of BKT's three year tenure.

Government enterprises for exporting goods and services

This is a sordid chapter of BKT's reign. Imran Khan seems take an almost fetishistic interest in selling off PIA and Steel Mills. Thankfully, there is a PAF general heading PIA which has been the saving grace. Otherwise, Imran Khan's own minister has gone out of his way to ensure the demise of the national carrier:

Pakistani pilots grounded over 'fake licences'

Pakistan's aviation minister said a large number of pilots cheated in exams or have fake qualifications.

www.bbc.com

The saga of the licenses of Pakistani pilots was a direct attack on Pakistan's economic well-being. Most people have been fed the propaganda of state run enterprises being inefficient. Be that as it may, there is nothing to suggest that state owned enterprises should also be inefficient. Unfortunately, in an environment of misgovernance, the past experiment with a German CEO has not borne any fruit. But this is misgovernance. PIA can earn valuable foreign exchange for the government if managed properly. And given its potential and the state of Pakistan's economy, this should have been one of the highest priority projects.

Similarly for Steel Mills. Export of high quality steel or finished products can become a big source of dollars, but again the enemies of Pakistan are making every single effort to make sure that dollar revenues are denied to Government of Pakistan.

The current crisis is the perfect case for creating government owned enterprises that lead to both domestic job creation and exports earnings. Why is no attention being paid to this important aspect? And why is BKT taking a completely 180 degrees approach?

Dollar denominated excise and customs

Yet another source of dollars can be duties and taxes on imports that are denominated in dollars. This author does not have the necessary data regarding dollarization of the tax regime, but had this been implemented properly, we would see a generous revenue stream.

A regime focused on destruction

The reader should now have a fairly good idea of what good economic management would look like. Which immediately shows BKT's economic management as not just disastrous, but outright anti-Pakistan. Let us now discuss another false narrative - rising exports.

It is true that Pakistani exports are doing much better than before. But what is not being discussed is the loss of revenue. This is how the export model of many Pakistani companies is structured. They have sister companies in Western countries that finalize business deals. These sister companies then proceed to buy goods and services at cost from their local operations and sell them at a profit. Pakistan only receives the cost in dollars whereas the real profit is kept overseas. This author is not aware of any studies into the size of this revenue loss, but just this component can easily run into billions of dollars.

Similarly, Foreign Direct Investment, or FDI is pushed as a silver bullet, especially by IMF. But FDI can be a double edged sword. Without proper government oversight, FDI can lead to dollar outflows. It is for this reason that well managed countries have mechanisms for deep government oversight. Take a look at how the Australian government reviews foreign investment:

Foreign investment | Treasury.gov.au

Australia’s foreign investment review framework strikes a balance between facilitating investment and protecting Australia’s national interest.

treasury.gov.au

Conclusion

It should be abundantly clear to the reader that the has been installed by the enemies of Pakistan to further their agenda of economic and financial terrorism. Until and unless this nation learns to take its leaders to task and make them pay for their crimes, Pakistan will remain a joke in the eyes of the world. The common man will continue to suffer under exorbitant prices and lack of services. When will Pakistan wake up and rise?

Consumption doing nothing(pakistan)
Vs
Hard work(india bengaldesh vietnam)


This is what i noticed..i think pakistanis are one of laziest people and feel entitled

The arabs are keeping us a afloat ans bailing pakistanis out

The day they say no..pakistan will be using indian rupee since it will go bankrupt

See how india ia going througj digital revolution and we are still stuck

https://www.facebook.com/108168810924087/posts/419754726432159