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Next Capital CEO says we have now entered into uncertainty and signing IMF agreement is a must Otherwise all bets are off.

Desprado

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He is the one who is bringing 500 million dollar investment this Year from KSA, UAE and Qatar in Real Estate sector year with a contract with government and current FM. He also worked under Shaukat Tarin as a advisor and Citi Bank.




People mocked me here and i was told that i am doing propaganda but i was not. I told all members here in June our that biggest mistake was to listen Shaukat Tarin advice to hold IMF program and it was murder to Pakistan economy. Even Waqar Massod who was SPAM to Imran Khan on revenue said we should agree all IMF condition ,however, FM did not agree and SPAM resigned. Now market has returned to same phase as 2018 election and now market will collapse or you can that our market is now on mode bear and bull days will be a once a blue moon and now no forigen investor will invest in Pakistan until things get cleared. What things?


1) Come clean on currency. No Lollipop by SBP. Tell the real reason why currency only going downwards ,where only it happens when a country defaults. The currency has is not flexible since 3 months. Ok lets take Government point of view that our reserve are increasing and not using reserve for CAD. OK than it means there is no shortage of dollars that means that something else is the problem and government did not anticipated at all that is why government is has ordered to fix the prices of least 100s of items prices ,which only default or BOP crisis countries does.

2) Why Shaukat Tarin has to go Washington on Oct 13th , where as he saying that we will have meeting with IMF end of this months. Do not make confusions.

3) Very bad FDI numbers. FM said on budget speech that our FDI on July on wards will be 250 million dollar average but in July our FDI was only 89 million and China was least one, which only 16 million dollar invested.

4) Now the worst part. No export increase at all from June. It is going down even for only Pakistan in the entire region. Think everything prices have increase including imports ,however, in unique way only Pakistan has managed to shrink it's exports and increased import so much that lead worst deficit that market could ever imagine, where as the whole world export has increased due prices are all time high.


Today you listened to PM speech and he was desperate because he knows he has done a blunder again to delay IMf program again and very inflation is bound to come no matter what he does now. He asked our overseas Pakistani to help and they will whatever it takes to support the currency. But sir you could have avoided this mistake so that we would have avioded going back to 2018. Now we 100% back to 2018 crisis and market will be disaster now and it is 100% will resume IMF program ,however, this Shaukat Tarin was the reason of PPP inflation number of 14.5% and he will do same to PTI because he is lair and he did same to PPP. It is impossible for PTI now to recover what they have done in 3 months but they can only minimize the damage from now on please for God sake do not take Shaukat Tarin advice ever again he will be sole reason that now IMF will give more hard condition than before.

The growth is totally based on Imports as i said guys wasting 3 years time on devaluation helps export and reduce imports will kill PTI in 2023.
 
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i wont be surprised at all if ISHAQ DAR is appointed as next fin min by PTI
 
i wont be surprised at all if ISHAQ DAR is appointed as next fin min by PTI
Yes we need nawaz sharif and ishaq dar

They will be back inshallah 2023

Reminds me of this

Love is blind
AP17316378840712-640x400.jpg

IMF has complete trust on Rexa Baqer PTI
looooooool
 
Today you listened to PM speech and he was desperate because he knows he has done a blunder again to delay IMf program again and very inflation is bound to come no matter what he does now. He asked our overseas Pakistani to help and they will whatever it takes to support the currency. But sir you could have avoided this mistake so that we would have avioded going back to 2018. Now we 100% back to 2018 crisis and market will be disaster now and it is 100% will resume IMF program ,however, this Shaukat Tarin was the reason of PPP inflation number of 14.5% and he will do same to PTI because he is lair and he did same to PPP. It is impossible for PTI now to recover what they have done in 3 months but they can only minimize the damage from now on please for God sake do not take Shaukat Tarin advice ever again he will be sole reason that now IMF will give more hard condition than before.

The growth is totally based on Imports as i said guys wasting 3 years time on devaluation helps export and reduce imports will kill PTI in 2023.


... and thats why stock market has closed higher this week. Such Clowns Are These Experts .....

KSE-100 powers past 47,000 with 573-point gain
 
... and thats why stock market has closed higher this week. Such Clowns Are These Experts .....

KSE-100 powers past 47,000 with 573-point gain

Local investing means 0=0


Any Stock exchange worth is calculated is in dollar term not in local currency term. Dhaka Stock exchange has 38% foreign investment and India has 49% of foreign investment . When it was PPP or PMLN we had at least 27% of foreign investment and since PTI came 1st year of 2018 we had 15% foreign investment , 2019 improved to 17%, 2020 same 17.5% and than since April (maybe due IMF delay or Shaukat Tarin hire or can be other reason) our stock exchange has only 7% foreign investment shares left in PSX worse than Sri Lanka. Even Sri Lanka has 19% foreign investment , which is a default country.

People mock me and cruse because i post facts and not see things on goggle of any party.

Devaluation only had negative effects on Pakistan. No export increase, no CAD improvement at all (All parties has done same way as PTI has done 3 years to control CAD ,however, PPP has done far better than any party to control CAD), increased fiscal deficit, local debt, inflation, poverty, recession etc.

Downgrade is downgrade you can justify by any means.

We downgraded simply due to that we did not had the value of 100 billion dollar in our stock exchange as simple as that. Now our stock exchange value is 39 billion dollar and in 2017 it was over 100 billion dollar.

That is what happens when you forceful devalue currency without any plan why are you devaluing the currency.


 
Can someone explain all this debate to me in layman terms cause i am dumb enough to understand it
 
We downgraded simply due to that we did not had the value of 100 billion dollar in our stock exchange as simple as that. Now our stock exchange value is 39 billion dollar and in 2017 it was over 100 billion dollar.

That is what happens when you forceful devalue currency without any plan why are you devaluing the currency.


Such Clowns Are These Experts .....

They just cannot even digest a simple fact that PKT is now free floating. Its not being devaluated to decrease exports. Thats why PKR appreciated to PKR 152 to a USD about four months ago because of market forces.

When PKR appreciated from 167 to 152 four months ago, same clown experts were crying that PTI/ SBP is artificially keeping value of PKR high .

These clown experts change their expert opinion every few months, the word Grasshopper is used in English to describe such individuals.
 
Such Clowns Are These Experts .....

They just cannot even digest a simple fact that PKT is now free floating. Its not being devaluated to decrease exports. Thats why PKR appreciated to PKR 152 to a USD about four months ago because of market forces.

When PKR appreciated from 167 to 152 four months ago, same clown experts were crying that PTI/ SBP is artificially keeping value of PKR high .

These clown experts change their expert opinion every few months, the word Grasshopper is used in English to describe such individuals.
No.
No sir it not that what i am trying to tell. Out flow of dollar from stock market, equities and FDI is very high due to uncertainty in Financial matter since 4 months.

Why Currency is devaluing?

CAD is the reason but not major,

1) CDS risk is rising since 4 months.

2) Government uptake credit is very since 4 months.

3) Outflow from investment in dollar are high.

4) Negative interest rate is forcing very high interest rate.

5) Panic in the market to buy dollar due to dollar against PKR is only way ride at the moment.

6) No clear plan from FM.

7) Major major reason is that they did a very big mistake to delay IMF program for 4 months and now we will do IMF program whatever it takes ,however, IMF give us more hard condition than before. (Example massive hike in interest to stop CAD, taxes increases, electricity bill increase, now gas prices will also increase and car sale tax will increase as well).

Exports are holding the dollars and imports making very fast future bookings due to bus is only going one way and exporters are not doing future bookings.
 

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