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

[Patriot forever]

I am saying the whole budget will be in dustbin because we have signed the budget with IMF that our CAD will be 2.3 billion dollar in whole FY not in just 2 months.

IMF will stop the growth at once, super interest rate hike, electricity prices hike, fiscal policy tight because it consumption growth and in Kamaran Khan show ,which you saw he said that our export is only 9% of GDP this year ,however, last FY our export was 10% of GDP and import is more than 20% means that it is causing 6% of CAD of GDP.

That whole budget redone because it was a pro import growth budget as simple as that because they give super concession on import of cars and luxury items and devaluation will not stop at any cost.

https://twitter.com/x/status/1440993309141307400

I do not have unlimited time as do not work for media cell.

WHERE IS THE 9% STATEMENT BY BAQIR?

YOU LIED TWICE IN JUST A COUPLE OF POSTS.

I think you only saw tax relief on cars in the budget, budget is a lot wider.

Raw material tariff lines will not be taxed more, just the luxury import segment which is negligible in reality ( first 2 months figure) will be raised to 100%. Demand will be managed by rupee and fiscal policy measures ( very gradual and minimal).

How does $2. 3 b in 2 months equals 6% CAD ( the same figure as plmn) ? This is the 3rd time you lied.

International commodity prices is testing our target of 2-3% CAD especially with the additional burden of TERF and vaccines ( almost $800m in 2 months). Thus the preemptive measures to keep CAD in check.

 

[Desprado]

I do not have unlimited time as do not work for media cell.

WHERE IS THE 9% STATEMENT BY BAQIR?

YOU LIED TWICE IN JUST A COUPLE OF POSTS.

I think you only saw tax relief on cars in the budget, budget is a lot wider.

Raw material tariff lines will not be taxed more, just the luxury import segment which is negligible in reality ( first 2 months figure) will be raised to 100%. Demand will be managed by rupee and fiscal policy measures ( very gradual and minimal).

How does $2. 3 b in 2 months equals 6% CAD ( the same figure as plmn) ? This is the 3rd time you lied.

International commodity prices is testing our target of 2-3% CAD especially with the additional burden of TERF and vaccines ( almost $800m in 2 months). Thus the preemptive measures to keep CAD in check.

Worse than PMLN because our GDP has been reduce due to devaluation.

https://twitter.com/x/status/1438782124484612097

You are still living in denial and market are getting crashed and dollarization has started. It is up to you that kind of suggestion you want or you believe and i cannot force you to believe because you are seeing thing from a party goggles.

What can i tell is that you just wait for mid October.


Only Remittance and RDA is saving PTI right now and no FDI or export increase at all and worse than previous year GDP.

 

[Patriot forever]

Reserve 16 billion dollar ,however, import cover same as 2021.

We are back to 2019 expected of IMF program to tight as same as 2019

https://twitter.com/x/status/1440999386872434690

That means with the same amount of cover we can afford more imports. The statement is balanced for international commodity inflatiron cycle. It will come down eventually so will our import cover increase.

Besides we can afford almost a billion $ imports more month than in 2018, because of increase in exports and remittances.

Once the international inflationary cycle stabilises we can grow more in a sustainable way as compared to 2018, our macroeconomic strength/space is considerably more as compared to 2018.

 

[Desprado]

That means with the same amount of cover we can afford more imports. The statement is balanced for international commodity inflatiron cycle. It will come down eventually so will our import cover increase.

Besides we can afford almost a billion $ imports more month than in 2018, because of increase in exports and remittances.

Once the international inflationary cycle stabilises we can grow more in a sustainable way as compared to 2018, our macroeconomic strength/space is considerably more as compared to 2018.

Only thing changed from 2018 is exchange rate is market base and nothing more has more changed until we finished whole IMF program.

 

[ziaulislam]

Wrong. They are going to fire shaukat tarin regretting to fire Hafeez sheik and delayed IMF program.

It was pure stupid and expected outcome.

You just wait and see what kind condition IMF will give to Shaukat Tarin when he show that CAD of 2.3 billion was suppose to be done in whole FY but he just done in 2 months.

When you are IMF program than they do not allow CAD to exceed, which is why they choke the demand of economy now because of Shaukat Tarin blunder.

Imran Khan was desperate for early election, which backfired and due to that he paused IMF program, which also backfired same time.


Our economy is back to same level as 2019.

CDS Risk and Government uptake is same level as 2018 in just 5 months Shaukat Tarin.

Surely they will regret IMF
As IMF would have made rupee higher they were asking for 200rs ..
Curse those arabs..they gave us money for no reason in interim..we could have simply gone for IMF

See my June 2021 statement and i have never been wrong.

Imran Khan got wrong suggestion of early election in 2022, which was the reason to delay IMF program and fire Hafez Shiek. All backfired at the same time and now they go for a mini budget in late October and maybe without Shaukat Tarin because he is the one that bluffed PM we will have super high FDI, exports and RDA, which did not happen and FDI was only less 200 million dollar in whole 2 months.

Inflation would have been much lower(reverse patwari logic) if we had signed with IMF earlier, said no to arab money (begging) and dropped the rupee by 100% to 200rs instead of 70% to 170

 

[Patriot forever]

Worse than PMLN because our GDP has been reduce due to devaluation.

https://twitter.com/x/status/1438782124484612097

You are still living in denial and market are getting crashed and dollarization has started. It is up to you that kind of suggestion you want or you believe and i cannot force you to believe because you are seeing thing from a party goggles.

What can i tell is that you just wait for mid October.


Only Remittance and RDA is saving PTI right now and no FDI or export increase at all and worse than previous year GDP.

Haha. I am not the one who lied 3 times. Given you have to resort to lying I can safely deduce you are a paid worker.

What will happen to your prediction if September CAD is lower?

Besides 2.3b in 2 months is 13-14b not 18b.

With the measures being taken no where will our CAD run close to even 15b. Will be around our projected target of 2-3% maybe a couple of billion more for TERF and vaccine imports.
Things will ease out in the later half of FY as crude output is increased (cuts rolled back completely).

 

[RoadRunner401]

I'm not sure what the problem is here. Weak economies like ours need to correct themselves using policy instruments with the least fallout. If anything, this is actually a sign that the govt is invested fully into improving the economy for sustainable long-term growth instead of putting in a short sprint of above 5% GDP growth like the Noora's and then winning the election.

The economy is overheating because the concessions made to kick start activity post corona led to a sharper recovery than initially estimated. These are actually good signs instead of what this @Desprado - Maryam's buddy is spewing without any idea of economics...

Very easy to explain the problem here, it's the team of P.D.F. Kindergarten failed economists.

 

[Desprado]

Haha. I am not the one who lied 3 times. Given you have to resort to lying I can safely deduce you are a paid worker.

What will happen to your prediction if September CAD is lower?

Besides 2.3b in 2 months is 13-14b not 18b.

With the measures being taken no where will our CAD run close to even 15b. Will be around our projected target of 2-3% maybe a couple of billion more for TERF and vaccine imports.

Sir projected was 0.7% in budget, IMF singed and PM singed to IMF that is problem. You want post with prof?

Budget 2021-22: Government targets 4.8% growth in 'people-friendly' budget

Minister for Finance Shaukat Tarin presents PTI government's third budget.Govt sets growth target at 4.8%; total outlay of budget Rs8,478 billion.Opposition puts up...

www.geo.tv

Shahabaz Rana " Shaukat tarin promised to NA, IMF, PM, Media and Senate that our whole FY the current account deficit will be 2.3 billion dollar, which is also mentioned in his budget book of 2021-2022, which was lie and it was the major reason to delay imf program, which back fired"
Pakistan is more important that a single person blunders, which PTI fanboys does not understand.

They compare them self PMLN, which is gone and dusted and they want themself gone and dusted with PTI as simple as that.

 

[Patriot forever]

Sir projected was 0.7% in budget, IMF singed and PM singed to IMF that is problem. You want post with prof?

Budget 2021-22: Government targets 4.8% growth in 'people-friendly' budget

Minister for Finance Shaukat Tarin presents PTI government's third budget.Govt sets growth target at 4.8%; total outlay of budget Rs8,478 billion.Opposition puts up...

www.geo.tv

Shahabaz Rana " Shaukat tarin promised to NA, IMF, PM, Media and Senate that our whole FY the current account deficit will be 2.3 billion dollar, which is also mentioned in his budget book of 2021-2022, which was lie and it was the major reason to delay imf program, which back fired"

CAD target is 2-3%. It is stated very clearly multiple times. It is the official target.

Tells me you work for the same media team as shahbaz rana

 

[Desprado]

CAD target is 2-3%. It is stated very clearly multiple times.

No he said 2 times on Presentation of budget and approving of the budget. He 2 times that 2.3 billion dollar CAD on this whole FY.

If you think i am lying you go and watch his budget speech than if i am lying you can gladly say i am fraud as simple as that i will accept my mistake.

 

[Desprado]

I do not lie forge like PTI Finance minster does.

"The current account deficit for FY22 is projected to be around $2.3bn which "

Budget 2021-22: Striving for a balanced approach?

Pakistan is already negotiating for maximum possible fiscal space to develop a growth-focused budget.

www.dawn.com

 

[Patriot forever]

No he said 2 times on Presentation of budget and approving of the budget. He 2 times that 2.3 billion dollar CAD on this whole FY.

If you think i am lying you go and watch his budget speech than if i am lying you can gladly say i am fraud as simple as that i will accept my mistake.

What is the targeted figure by SBP?

I do not listen to speeches. That figure was outdated before July started.

If we manage CAD 2-3% with the current international commodity inflationary cycle it will be nothing short of a miracle.

 

[Desprado]

What is the targeted figure by SBP?

I do not listen to speeches. That figure was outdated before July started.

If we manage CAD 2-3% with the current international commodity inflationary cycle it will be nothing short of a miracle.

You go and listen. It is my request than you say i lied.

Budget was presented in June mid and approved it in late June not July.

 

[Patriot forever]

You go and listen. It is my request than you say i lied.

You lied 3 times already.

SBP and finance ministry is targeting CAD in the range of 2-3% since July.

It was an unrealistic figure, which was corrected before the start of the year and never made it to final budget so we're a lot of other ammendments.

You should quote what's the actual finalised target is.

 

[Desprado]

You lied 3 times already.

SBP and finance ministry is targeting CAD in the range of 2-3% since July.

It was an unrealistic figure, which was corrected before the start of the year and never made it to final budget so we're a lot of other ammendments.

You should quote what's the actual finalised target is.

I do not lie 3 times not even 1 time. Wait for October as i told you and your post were false and based on PTI twitter BS.

I told in simple words before posting you just need to see budget speech that is it nothing more or nothing less because you believe too much PTI twitter slides that are all BS.

Grow up and have a life and loyalty to any party will not give you anything.