Had Imran-led govt continued, Pakistan’s economy would have collapsed: Shabbar Zaidi

[SQ8]

Some truth to IKs hypocrisy and PTI electables corruption but when PDM foolish supporters call it out is it’s like a Gutter with pig dung in it calling a kettle black. Andhon mein kaana raja is an understatement when PDM supporters say stuff to PTI.

 

[Hero786]

View attachment 942089

Sheir aik wari feer

To be exact for the 11th time since 1983

haan qatri phir pharray ga nani ki,
aur kuch riyal phenk day ga

 

[SQ8]

The no confidence vote that dismisses IK was indeed a timely saviour for him. There’s no way a country goes from a good state of economy to the near bankruptcy in weeks.

Besides being lucky I’d say IK has also been extremely smart in turning a nothing memo into a global regime change conspiracy against him .

The unluckiest is your armed forces and Bajwa who got all the blame .

He has learnt politics after all in all these years.

 

[Goritoes]

I am telling you guys, wait 1 year and you will see America/IMF and World bank will come to Pakistan for loans and Aid, and all of this because our Na-mard-e-Mujahids always wake up for Fajr ki Namaz...

 

[Jango]

The unluckiest is your armed forces and Bajwa who got all the blame .

They got what they had coming since long, wouldn't call them unlucky at all.

 

[maithil]

With Army bent on destroying him using every possible means, Imran should unveil a highly populist economic policy for next elections. Promise the poor free water, free electricity till 300 units and flour at 50 Rs... And see panic among the powerful..

 

[N.Siddiqui]

Don't Know, he looks like Zakoota Jinn....

 

[aviator_fan]

https://twitter.com/x/status/1684650115850485760

Same expat population feeds your mouth with the $31BN in remittance that used to go back but has dropped to $25BN and will keep declining till the spies and traitors are out

 

[Mav3rick]

yes.. everything control artificially with the lowest exports, lowest remit, lowest large-scale manufacturing, lowest reserves, and lowest IT exports, only standing on the foreign loans is WORST... as per every single economic expert.

170 (market determine rate) with highest ever exports, highest remit, highest IT exports, highest large scale manufacturing with GDP 6 and expected 6.2 in 2022 as per IMF, WM, Moody rating positive, outlook in business 100000 times better, businesses getting not just stable but expanding is 10000000000000000000 times better than that fucking 104..

btw 7++ GDP with market determine $65 was 100000000000000000000000 times better than that 90-99 & 2008-2018 fucking performance!

There were problems in both Governments, the question is which had bigger ones.

Exports were quite low indeed which has been the curse overall but atleast it wasn't like exporting sugar and wheat etc., only to then import them back again which gave PTI higher export figures but also much higher import figures too. And how did PTI fund all that? By doubling our debt in a mere 4 years!

You speak of reserves but ignore the fact that reserves under PML too were all time high until then. However, the same reserves under both were quickly depleted under rising imports and debt servicing. You also speak of Moody and IMF and WB but quite literally are not aware that all ratings were better under PML in 2016/17 before Panama and other nonsense.

The problem under both Governments was that actual exports were very low and no real attention was given to export oriented industry. Granted, PML came into power on the back of a severe power crisis where even existing industry had left Pakistan for Bangladesh etc., and first had to focus on setting up power plants before shifting focus to export oriented industry; what's PTI's excuse?

 

[TopGun786]

View attachment 941903​

• Zaidi alleges PTI lawmakers forced him into forgiving non-taxpayers.
• He says Imran Khan removed Asad Umar due to economic crisis.
• Zaidi says Khan did not listen to him when he told him to fix things.

A top official during the Pakistan Tehreek-e-Insaf (PTI) government said the country would have economically collapsed had the Imran Khan-led regime completed its tenure.

The PTI's tenure was cut short in April 2022, when the government was ousted after Khan was removed as the prime minister through a no-confidence motion, paving the way for Shehbaz Sharif and allies to come into power.

One of the primary reasons behind ousting the Khan-led government was economic mismanagement and the increasing burden of inflation on the masses, as claimed by the now rulers, who were then in opposition.

"Had this [...] government continued, the party would not have even secured 5% votes as the country would have economically collapsed," former Federal Bureau of Revenue (FBR) boss Shabbar Zaidi told Geo News' Shahzeb Khanzada.

The tax collection body's ex-chief said he had advised Khan to rectify his government's shortcomings and "settle things, but he was not in the mood of listening [to anyone]".

Although Zaidi — whose stint as the federal tax collection body's chief lasted from 2019-2020 — mentioned that when he pointed out the economic crises Pakistan was headed towards during PTI's tenure, Khan had removed Asad Umar as the finance minister.

Forgiving non-taxpayers​

Zaidi also spoke about influentials forcing him to drop the cases against people close to them or those who were politically important.

The economist said he "mistakenly" sent a notice to a landowner in Multan. "I asked him to reconcile his wealth with his agricultural income."

In response, 40 parliamentarians "barged into my office", led by then-foreign minister Shah Mahmood Qureshi, he said.

Zaidi said ex-lawmaker Sardar Nasrullah Khan Dreshak, during the meeting, told him that the people in his office were "MNAs from South Punjab, and the government cannot continue without them".

"I have seen a lot of governments [...] leave him [...] you're a kid now," Zaidi quoted Dareshak as telling him.

The ex-FBR chief said he tried bringing the tobacco industry people in Khyber Pakhtunkhwa in the frontier regions into the tax net, but he faced strong opposition from then-NA speaker Asad Qaiser.

"You cannot do this...you cannot enter our areas," Zaidi quoted Qaiser as saying.

'Had Imran-led govt continued, Pakistan’s economy would have collapsed'

The country would have economically collapsed had the Pakistan Tehreek-e-Insaf government completed its tenure, former Federal Bureau of Revenue boss Shabbar Zaidi said.The PTI's tenure was cut...

www.thenews.com.pk

Pakistan would've suffered economic collapse had PTI govt continued: Shabbar Zaidi

Zaidi alleges PTI lawmakers forced him into forgiving non-taxpayers.He says Imran Khan removed Asad Umar due to economic crisis.Zaidi says Khan did not listen to him when he told him to fix things.

www.geo.tv

Like now our economy is floating 50,000 feet above sea level.

 

[Mav3rick]

The no confidence vote that dismisses IK was indeed a timely saviour for him. There’s no way a country goes from a good state of economy to the near bankruptcy in weeks.

Besides being lucky I’d say IK has also been extremely smart in turning a nothing memo into a global regime change conspiracy against him .

The unluckiest is your armed forces and Bajwa who got all the blame .

Surprisingly, most political followers are unable to do that 2+2.

I can agree to all your points but, at the end of the day, the Military is too strong and has cards up it's sleeve still. Imran Khan will not only never return to power, he will also languish in captivity for the rest of his life.

 

[Rank]

There were problems in both Governments, the question is which had bigger ones.

Exports were quite low indeed which has been the curse overall but atleast it wasn't like exporting sugar and wheat etc., only to then import them back again which gave PTI higher export figures but also much higher import figures too. And how did PTI fund all that? By doubling our debt in a mere 4 years!

You speak of reserves but ignore the fact that reserves under PML too were all time high until then. However, the same reserves under both were quickly depleted under rising imports and debt servicing. You also speak of Moody and IMF and WB but quite literally are not aware that all ratings were better under PML in 2016/17 before Panama and other nonsense.

The problem under both Governments was that actual exports were very low and no real attention was given to export oriented industry. Granted, PML came into power on the back of a severe power crisis where even existing industry had left Pakistan for Bangladesh etc., and first had to focus on setting up power plants before shifting focus to export oriented industry; what's PTI's excuse?

Progress and development take time, and it's essential to allow any govt, to complete their tenure. A functioning govt and system require the opportunity to work organically, without constant disruptions -- bringing in new leaders and undermining them through anti-campaigning behind closed doors. Corruption exists not only in Pakistan but everywhere, the key issue lies elsewhere.

The core reason for Pakistan's struggles and challenges is often attributed to the interference and influence of the Pakistan military establishment. The continuous reliance on the mil in governing affairs has led to a situation where the country faces difficulties and has to seek external assistance.

Emotional manipulation and running fake campaigns against politicians and judges are detrimental to the process. May 9 is the classic example here..

This is unfortunate but Pakistan will never move forward the reason is, incompetent property dealers have no idea how to run the country, their job is to follow the system, constitution and law … more precisely, a dumb *** ****** 22 grade robot must follow the orders of the PM — again more precisely, follow the order of worst of worst or maha corrupt PM and the govt.

You can't simply blame govts for all the mess. Here is the classic example, the way the military puts the entire machinery, system, judiciary, and accountability institutions against one person just to prove him wrong. If General Bajwa sincerely supports Khan's anti-corruption drive and allows the system to function as the government desired, believe me, Pakistan would have made progress by now. Look at what Khawaja Asif said in his recent interview; the establishment contacted them in 2019 (just one year of Khan came into power) and asked them to come and remove IK from the powerrrr.

Exports, business etc etc ye tu bhaya baad ki batain hain… pehlay nezaam tu banao jo ye sab deliver karay.. nezaam tu chalnay do .. ye mulk ko chalnay he nahi day rahay..

 

[IceCold]

If you were even average IQ, you would have gone through the link and might have comes across the following:

"
According to the State Bank of Pakistan, total foreign reserves as of April 1, a week before Imran Khan was ousted, stood at $17.48 billion.

However, out of $17.48b, approximately $6.15b reserves are with the commercial banks. This leaves $11.319 billion which is held by the State Bank of Pakistan.

This $11.3 billion is not exclusively owned by the SBP. Of these, seven billion dollars are given to Pakistan by Saudi Arabia, China and UAE to keep its foreign reserves stable. If we take these out this money, it leaves Pakistan with reserves of just over $4 billion.
"

And most of the information is available directly on SBP website which posts reports of reserves every day. So, if you were honest, you would have tore into PTI for leaving a mere 4 Billion in reserves and lying about leaving 22 Billion which their simple supporters still believe. Even now, if you want the complete truth, do some research on our payables and receivables during that same period and you will understand how much damage Imran Khan had actually done to the economy.

Moron you quoted figure of 28 billion, did you take that out of your rear like every patwari these days?
As for the highlighted part so? Didnt your Ishaq dollar the other day quoted figure of 10 billion reserves which included that of commercial banks?
Here you idiot:
"Finance Minister Ishaq Dar has said that Pakistan’s foreign exchange reserves currently stand at $10 billion and not $4 billion as $6 billion held by commercial banks also belong to the country".
https://tribune.com.pk/story/2394789/ishaq-dar-claims-forex-reserves-stand-at-10b
So which ever way you look Khan left with a lot more juice in the reserve that your idiot lot not to forget the crisis that Khan had to deal with in his 3.5 years when the whole world economy was in recession due to corona.
Now go and die already! You lot are a curse on Pakistan.

@FOOLS_NIGHTMARE , yeh to aap kay sath hand ho gaya hai

https://twitter.com/x/status/1684941175395176448

Begairton ka saath haath nahi hota, he will come up with new $hit and then his fellow jokers will jump in to support the claim!

 

[EternalMortal]

The no confidence vote that dismisses IK was indeed a timely saviour for him. There’s no way a country goes from a good state of economy to the near bankruptcy in weeks.

Besides being lucky I’d say IK has also been extremely smart in turning a nothing memo into a global regime change conspiracy against him .

The unluckiest is your armed forces and Bajwa who got all the blame .

You're right it didn't take weeks but decades.

Political instability, corruption & shit policies especially by PMLN brought us near default in 90s. Only reason we were saved was b/c Musharraf joined WoT but then we got dragged into war & PPP & PMLN came back to continue their politics, corruption & shit policies again with PMLN making the absolute worst economic decisions.

PTI came in & stabilized economy but with establishment & PDM not cooperating, he couldn't do much. Consider this, FATF itself was used as a leverage by them to try & get NRO. So while stable, the economy was always on the edge. If regime change hadn't happened, it's likely it would have continued this way for years, improving very slowly, assuming he won again.

The only thing that happened now was the economy went over the edge due to political instability & again corruption & absolute shit economic policies by PDM.

 

[PradoTLC]

https://twitter.com/x/status/1684650115850485760

khan approved the IMF deal.. man you really are a dodo .

Pakistan's Imran Khan expresses support for bailout deal in IMF meeting

Pakistan's main opposition leader and former prime minister Imran Khan expressed support for a recently-reached bailout deal with the International Monetary Fund (IMF) after a meeting with officials of the lender on Friday, his party said.

www.reuters.com