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‘Our PM is a beggar’: PTI deletes old tweet as govt approaches IMF

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I love the fact how this nation was being plundered by the tooi party and ppp like leeches in the 10 years past are now the economists with a dard' e dil for the nation.
 
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Do we have anything to give to world so that we can generate revenue.
 
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According to all Economist now the current crisis is man made or lack of actions taken by PTI govt ,Pak economy was not in a bad shape when handed over the deliberation and weakness to run day to day affair have lead to such situations

https://www.siasat.pk/forums/thread...-govt-arshad-sharif-advises-asad-umer.653475/

  1. How much forex reserves did PMLN leave behind?
  2. What was the trade in-balance when PMLN left?
  3. How much debt did PMLN govt accumulate during their tenure?

The answers of the above questions contradict your post.
 
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44112949_1567841339982883_6117486940926246912_n.jpg
 
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  • How much forex reserves did PMLN leave behind?
Closed to 19 Billion plus 2 Billion from China signed copy
  • What was the trade in-balance when PMLN left?
  • How much debt did PMLN govt accumulate during their tenure?
For remaining two questions CPEC was machinery was the bigget trade import closed to 12 billion $ and it was roughly the same inbalance
For debt point of view already PTI in senate has give answer
48 Billion $ taken and paid 72 Billion $
https://defence.pk/pdf/threads/pmln...-paid-70b-net-loans-paid-28b-pti-govt.575726/
 
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Closed to 19 Billion plus 2 Billion from China signed copy

For remaining two questions CPEC was machinery was the bigget trade import closed to 12 billion $ and it was roughly the same inbalance
For debt point of view already PTI in senate has give answer
48 Billion $ taken and paid 72 Billion $
https://defence.pk/pdf/threads/pmln...-paid-70b-net-loans-paid-28b-pti-govt.575726/

Lol do a proper research next time.

forex reserves were at $15.91B in may 2018 when PMLN govt finished.
https://tradingeconomics.com/pakistan/foreign-exchange-reserves

Pakistan exports were at Rs250k in may 2018
https://tradingeconomics.com/pakistan/exports

Imports were at Rs670k in may 2018
https://tradingeconomics.com/pakistan/imports

Thats an inbalance of Rs420k.

As for the foreign debt in the same thread there is a guy who posted an exert from the SBP report which states total loans taken were $42B while only paid $20B back. If they had paid $70B back how did the total increase, shouldn't it have decreased?
 
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Lol do a proper research next time.

forex reserves were at $15.91B in may 2018 when PMLN govt finished.
https://tradingeconomics.com/pakistan/foreign-exchange-reserves

Pakistan exports were at Rs250k in may 2018
https://tradingeconomics.com/pakistan/exports

Imports were at Rs670k in may 2018
https://tradingeconomics.com/pakistan/imports

Thats an inbalance of Rs420k.

As for the foreign debt in the same thread there is a guy who posted an exert from the SBP report which states total loans taken were $42B while only paid $20B back. If they had paid $70B back how did the total increase, shouldn't it have decreased?
I pity you ,you failed to add remittances to your data as well which is part of incoming $ also FDI serves as source of incoming dollars .
From the point of view paying and taking this is from senate committee which got briefing from ministry of finance .Im sure that is more credible than any TV show of Pakistan

FDI

pakistan-foreign-direct-investment.png


https://tradingeconomics.com/pakistan/foreign-direct-investment

pakistan-government-debt-to-gdp.png


Our debt to GDP is ok .Also remittances form more than 20 Billion US $ .
So adding all above
Exports + Remittances + FDI - Imports is our current account deficit i.e
22 Billion + 20 Billion + 3.5 Billion
=64- 47.5 = 17 billion i.e 5.1% of GDP which Govt was trying very hard to manage it 2018 ,but due to political circus they were pulled back

here is a history of Pakistan

Chinese Imports to Pakistan due to CPEC

china-exports-pakistan.png
 
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Another hair brained scheme has been cooked up IK and his gang of sycophants which is so ridiculous I am gobsmacked

"A grand housing scheme costing an estimated $180 billion is also in the pipeline, without the government explaining where this money would be raised from. To get a proper perspective of the sheer scale of this project, the entire China-Pakistan Economic Corridor (CPEC) is less than $70 billion, while Pakistan is currently negotiating for a $6-7 billion bailout from the IMF. Right now, the entire banking sector’s deposits are less than the amount required for financing this scheme. Even a financially ignorant person understands that banks do not have the capacity to finance even half this amount. When asked by a TV anchor as to how such a colossal amount will be raised, government spokesperson Farrukh Saleem’s hilarious response was that PTI would curb corruption to free this amount."

https://blogs.tribune.com.pk/story/73048/naya-pakistan-ptis-best-selling-joke/
 
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