Govt moves to ‘cool down’ an ‘over heating’ economy

[maithil]

Looks like Pakistan has been forcefully pushed into a trap where it can't afford to develop its GDP faster than 4%. With population growth north of 2%, this is just not enough. Instead of having a long term planning, governments experimenting with economy can only lead to erosion of trust.

 

[Desprado]

Looks like Pakistan has been forcefully pushed into a trap where it can't afford to develop its GDP faster than 4%. With population growth north of 2%, this is just not enough. Instead of having a long term planning, governments experimenting with economy can only lead to erosion of trust.

Whoever hired Shaukat tarin no matter who he is and who advice him to be the FM both are the one to blamed for the mess that has created now.

 

[Norwegian]

Looks like Pakistan has been forcefully pushed into a trap where it can't afford to develop its GDP faster than 4%. With population growth north of 2%, this is just not enough. Instead of having a long term planning, governments experimenting with economy can only lead to erosion of trust.

Trap was created by internal enemies aka corrupt govts of Pakistan

 

[Desprado]

Trap was created by internal enemies aka corrupt govts of Pakistan View attachment 779624

And yes Imran Khan is always a dump to select people for the right job. Only Hafez Shiek and Hammad Azhar was the right decision in his entire Political career of selecting people.

 

[maithil]

Trap was created by internal enemies aka corrupt govts of Pakistan View attachment 779624
View attachment 779625

Yes.. and Pakistan’s middle and lower class will pay dearly for their government's experiments.

Whoever hired Shaukat tarin no matter who he is and who advice him to be the FM both are the one to blamed for the mess that has created now.

Even more confusing is how PM got influenced by this person and reversed his own 3 years old economy stabilization plan ?

 

[Desprado]

Yes.. and Pakistan’s middle and lower class will pay dearly for their government's experiments.


Even more confusing is how PM got influenced by this person and reversed his own 3 years old economy stabilization plan ?

Only dump person can. It shows he has no plan at all what to do.

 

[Norwegian]

And yes Imran Khan is always a dump to select people for the right job. Only Hafez Shiek was the right decision in his entire Political career of selecting people.

Yes.. and Pakistan’s middle and lower class will pay dearly for their government's experiments.
Even more confusing is how PM got influenced by this person and reversed his own 3 years old economy stabilization plan ?

This sums up the mess

https://twitter.com/x/status/1440935445211275268

Even more confusing is how PM got influenced by this person and reversed his own 3 years old economy stabilization plan ?

This tells all about the kind of advisors surrounded by PM. Entire PTI was in flames on social media when news broke of Shaukat Tareen taking over as Finance Minister. But did PM listen to his voters? Well Of course not!

 

[Desprado]

This sums up the mess

https://twitter.com/x/status/1440935445211275268

One reason because they relied on import led growth because did no reforms or even anything expect how slides on twitter.


I told i told i told again and again to PTI fanboys Imran khan has wasted 3 whole years of defending devaluation that he said it self that devaluation increase export and reduce CAD and no it does not and never will because it is just a tool not Policy. Imran Khan has no plan when it comes finance and that is why 7 FBR chairman has been changed, 3 BOI has been changed, 6 times ECC Members has been changed and 4 times FM has been changed because they have no policy.

 

[Jungibaaz]

Doesn't matter. Media and opposition is of the view that Imran Khan is responsible for global inflation as well. And people are buying their lies as they always do.

Only thing I would say was that SBP’s recent rate cut was questionable for this very reason. I highlighted that some time back in June, it looked like a desperate attempt to boost growth with no regard for global inflationary pressures.

I guess being central bankers they might know a thing or two that I don’t though.

 

[Desprado]

Only thing I would say was that SBP’s recent rate cut was questionable for this very reason. I highlighted that some time back in June, it looked like a desperate attempt to boost growth with no regard for global inflationary pressures.

I guess being central bankers they might know a thing or two that I don’t though.

You won the this topic

"Despreate growth" , which led to inflation shock, paused IMF program and forced import led growth was the main reason this budget in dustbin now.

 

[Tomcats]

PTI and PMLN both same coin no difference.

PMLN forced negative interest rate PTI did the same, which lead to CAD

PMLN overvalued the currency too much PTI is doing the same REER right now is at 95 and it is undervalue and still import are increasing and export are flat no increase at all.

Hired a person who is failed banker, did a fraud in 2009 with PPP and IMF and did a fraud again with Senate, IMF, PM and NA that our CAD will be only 2.3 billion this whole FY and signed it to IMF.

PTI used 5.8 billion dollar in 4 years and 1.2 billion dollar in last 3 months to control PKR value against dollar due to Shaukat Tarin request.


Among them all the best is PPP because they increased export to 31 billion dollar in 2011 and never forced Interest rate to negative due to when PPP left the CAD in 2013 was only 2.5 billion dollar.

Externally PPP was better than PMLN and PTI.

Man i wish Atif Mian was still here, at least he was genuine but unfortunately, religion takes precedence over skill..

 

[VCheng]

Reza Baqir has hinted that Pakistan survivial depends on IMF program.

Hinted? That is a well-established fact.

 

[Norwegian]

FM has been changed because they have no policy.

Oh PTI has a policy alright, it's just not coherent

 

[Desprado]

Hinted? That is a well-established fact.

Pakistan will have to take difficult decisions in future due to IMF: SBP governor

Tough decisions ahead due to IMF, says SBP Governor Reza BaqirSBP governor says Pakistan has overcome threat of COVID-19 as positivity rate of infection is now much lower than global rate.Baqir briefs Prime Minister Imran...

www.geo.tv

 

[Norwegian]

You won the this topic

"Despreate growth" , which led to inflation shock, paused IMF program and forced import led growth was the main reason this budget in dustbin now.

Exactly. Desperate for growth by using same old Musharraf, Zardari, Nawaz strategy that always ended in failure