AZ1
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they are destroying pakistani economy like no tomorrow
Election Commission of Pakistan issued grant of 50,000Rs to all employees from grade 1-17 for Eid ul Fitr.
@Desprado kaha chupay ho.
No, but even if you could, you would have to invest in PKR which is inflating at 15% a year, so total loss.Can Indians invest in Pakistani FDs ?
What are fd rates atm in Pakistan ?
I wont call it OUT OF TOTAL controlCAD is getting out of control because of energy prices. And unlike India we don't have any reserves for emergency situation. This FY GDP growth will be 6% but next year will slow down if current global situation prevails.
Will you invest in Pakistan's debt?Ahh! Banks here pay 3% on savings account and 5% on FD and 6% in bonds
The FM has promised IMF that PTI's subsidy on fuel will be rolled back. This should fix the CAD problemI wont call it OUT OF TOTAL control
I mean ubder these conditions 1b$ a month or 4% is acceptable(remeber the word under these conditions as lender will see that its transient and as soon as energy prices come to 50-70$ u will have + CAD)
but the issues are lenders are worried about political situation
In other words the army just created a financial crisis out of thin air
Bravo
Energy prices were exepected to hit 30$ given irabian oil which got disrupted due to russian war
Issue is when will russian war end and what would be the end result