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Pakistan's Economy - News and Updates

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fatman17 said:
Financial Crisis seems inevitable. Get yourself ready to minimize the impact.
Potential impact
• Hyperinflation (best case scenario ~ 1/3rd increase in prices of basic commodities)
• Shortage of fuel, food grains, imported medicines etc
• Economy will shrink – downsizing/increase in rate of unemployment
Steps to Mitigate
a) Increase your savings; make budget; cut down all non-essential expenses
b) Increase your liquidity (cash or readily cash convertible). At least 50% of your liquid funds should be in currencies which are less prone to devaluation
c) Equally distribute your savings in top three banks
d) Complete embargo on luxury items (Vehicle, expensive home appliances, cell phone, house renovation, vacation trips, parties etc)
e) Food: Build and maintain 3-4 months rolling stock of basic food supplies (rice/grains/oil etc)
f) Medicines: Keep stock of routine, specially imported medicines, if any, used by family members
g) Law and order situation will get worse; ensure basic home security protocols are in place
h) Educate others (relatives, neighbors, friends) to prepare for this crisis
Everyone shall be affected by the financial crisis; however its extent may vary based on condition of respective individuals. About 33% of the population of South Asia lives in extremely poor condition. If nature is kind on you, please support others to survive.
Click to expand...
Didn't know things are so bad, we in India are also struggling with inflation but I don't think we gonna see Hyperinflation in India.
What caused such a drastic situation?

I thought you guys were investing a lot in infra esp with CPEC, which is one of the surest ways to improve the economy.
 
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defencenoob said:
Didn't know things are so bad, we in India are also struggling with inflation but I don't think we gonna see Hyperinflation in India.
What caused such a drastic situation?

I thought you guys were investing a lot in infra esp with CPEC, which is one of the surest ways to improve the economy.
Click to expand...
This was a overestimate by me at that particular time but inflation is currently at 42% which is not a good indication. CPEC has stalled due to security related issues and China is not very happy with Pakistan s political wrangling.
 
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fatman17 said:
This was a overestimate by me at that particular time but inflation is currently at 42% which is not a good indication. CPEC has stalled due to security related issues and China is not very happy with Pakistan s political wrangling.
Click to expand...
Thanks for replying, I read IMF is dispersing $1.2B and resuming the loan program, hopefully, things will improve.
 
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defencenoob said:
Thanks for replying, I read IMF is dispersing $1.2B and resuming the loan program, hopefully, things will improve.
Click to expand...
IMF dispersal never improves the economy, at least not in my lifetime.
 
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fatman17 said:
IMF dispersal never improves the economy, at least not in my lifetime.
Click to expand...
The problem is political instability. If a government actually goes and follows the imf guidelines to its full extent then situation will surely improve.

But what happens is when there is any measures taken which will not be taken in positive way by the public, but is necessary for the long term, either some portions of the establishment or the opposition starts to destabilize the government.

The government then thinks let the economics go to hell , and take the money first and think about once political party. So they take short sighted steps which results in money being put in things which will only add to debt burden in the future.

maithil said:
https://twitter.com/x/status/1540658696925204480


Isn't this a good news ? Sell loss making entities with open bidding and invite every foreign corporation interested in it ..
Click to expand...
Sell the entities to pvt sector pakistani companies. Will be safer. If it's multinational, ensure substantial portion of business is controlled by locals.

Or else some Chinese business will come , buy the steel mills, shut it down, dismantle it, transport it to some African state offering him extreme subsidies and set it up there.
 
. . . . .
>>>#ڈالر کی #دلچسپ #تاریخی سفر..>>>>
ڈالر کی کہانی پاکستانی تاریخ کی زبانی 1947 تا 2022

In 1947 1 USD was 3.31 PKR
In 1948 1 USD was 3.31 PKR
In 1949 1 USD was 3.31 PKR
In 1950 1 USD was 3.31 PKR
In 1951 1 USD was 3.31 PKR
In 1952 1 USD was 3.31 PKR
In 1953 1 USD was 3.31 PKR
In 1954 1 USD was 3.31 PKR
In 1955 1 USD was 3.91 PKR
In 1956 1 USD was 4.76 PKR
In 1957 1 USD was 4.76 PKR
In 1958 1 USD was 4.76 PKR
In 1959 1 USD was 4.76 PKR
In 1960 1 USD was 4.76 PKR
In 1961 1 USD was 4.76 PKR
In 1962 1 USD was 4.76 PKR
In 1961 1 USD was 4.76 PKR
In 1962 1 USD was 4.76 PKR
In 1963 1 USD was 4.76 PKR
In 1964 1 USD was 4.76 PKR
In 1965 1 USD was 4.76 PKR
In 1966 1 USD was 4.76 PKR
In 1967 1 USD was 4.76 PKR
In 1968 1 USD was 4.76 PKR
In 1969 1 USD was 4.76 PKR
In 1970 1 USD was 4.76 PKR
In 1971 1 USD was 4.76 PKR
پھر اُدھر تم اِدھر ھم شروع ھوا

In 1972 1USD was 11.01 PKR
In 1973 1 USD was 9.99 PKR
In 1974 1 USD was 9.99 PKR
In 1975 1 USD was 9.99 PKR
In 1976 1 USD was 9.99 PKR
In 1977 1 USD was 9.99 PKR
In 1978 1 USD = 9.99 PKR
In 1979 1 USD = 9.99 PKR
In 1980 1 USD = 9.99 PKR
In 1981 1 USD = 9.99 PKR
پھر کلاشنکوف اور ھیروئن کے خلاف جہاد شروع ھوا
In 1982 1 USD = 11.85 PKR
In 1983 1 USD = 13.12 PKR
In 1984 1 USD was 14.05 PKR
In 1985 1 USD = 15.93 PKR
In 1986 1 USD = 16.65 PKR
In 1987 1 USD = 17.4 PKR
In 1988 1 USD = 18 PKR

پھر سیاسی شعور بڑھا اور روٹی کپڑا اور مکان دینے شروع ھوئے

In 1989 1 USD = 20.54PKR
In 1990 1 USD = 21.71 PKR
In 1991 1 USD = 23.8 PKR
In 1992 1 USD = 25.08 PKR

پھر ھم موٹر ویز بنانے لگے تاکہ پاکستان دن دگنی اور رات چوگنی ترقی کرنے لگا

In 1993 1 USD = 28.11 PKR
In 1994 1 USD = 30.57 PKR
In 1995 1 USD = 31.64 PKR
In 1996 1 USD = 36.08 PKR
In 1997 1 USD = 41.11PKR

پھر کرپشن بڑھنے لگی اور ملک کو مضبوط ھاتھوں نے اپنے ھاتھوں میں لیا

In 1998 1 USD = 45.05 PKR
In 1999 1 USD = 51.90 PKR
In 2000 1 USD = 51.90 PKR
In 2001 1 USD = 63.5 PKR
In 2002 1 USD = 60.5PKR
In 2003 1 USD = 57.75 PKR
In 2004 1 USD = 57.8 PKR
In 2005 1 USD = 59.7 PKR
In 2006 1 USD = 60.4 PKR
In 2007 1 USD = 60.83 PKR
پھر پاکستان کھپنے لگا
In 2008 1 USD = 81.1 PKR
In 2009 1 USD = 84.1 PKR
In 2010 1USD = 85.75 PKR
In 2011 1 USD = 88.6 PKR
In 2012 1 USD = 96.5 PKR
پھر پاکستان کو بچانے والے جدوجھد کرنے کے لیئے آگے آئے
In 2013 1 USD = 107.2PKR
In 2014 1 USD = 103 PKR
In 2015 1 USD = 105.20 PKR
In 2016 1 USD was 104.6 PKR
In 2017 1 USD = 110.01 PKR
اس کے بعد نیا پاکستان بنانے والے آگئے ڈالر اڑنا شروع ھوا
In 2018 1 USD = 139 PKR
In 2019 1 USD = 163.75 PKR
In 2020 1 USD = 168.88PKR
In 2021 1 USD = 179.16PKR
اور پھر 13 پارٹیوں کا اتحاد شروع ہوا
In 2022 1 USD = 240.00PKR ( July 28)

اور ھم عقل کے اندھے ھر بار تالیاں بجاتے رھے
 
.
fatman17 said:
>>>#ڈالر کی #دلچسپ #تاریخی سفر..>>>>
ڈالر کی کہانی پاکستانی تاریخ کی زبانی 1947 تا 2022

In 1947 1 USD was 3.31 PKR
In 1948 1 USD was 3.31 PKR
In 1949 1 USD was 3.31 PKR
In 1950 1 USD was 3.31 PKR
In 1951 1 USD was 3.31 PKR
In 1952 1 USD was 3.31 PKR
In 1953 1 USD was 3.31 PKR
In 1954 1 USD was 3.31 PKR
In 1955 1 USD was 3.91 PKR
In 1956 1 USD was 4.76 PKR
In 1957 1 USD was 4.76 PKR
In 1958 1 USD was 4.76 PKR
In 1959 1 USD was 4.76 PKR
In 1960 1 USD was 4.76 PKR
In 1961 1 USD was 4.76 PKR
In 1962 1 USD was 4.76 PKR
In 1961 1 USD was 4.76 PKR
In 1962 1 USD was 4.76 PKR
In 1963 1 USD was 4.76 PKR
In 1964 1 USD was 4.76 PKR
In 1965 1 USD was 4.76 PKR
In 1966 1 USD was 4.76 PKR
In 1967 1 USD was 4.76 PKR
In 1968 1 USD was 4.76 PKR
In 1969 1 USD was 4.76 PKR
In 1970 1 USD was 4.76 PKR
In 1971 1 USD was 4.76 PKR
پھر اُدھر تم اِدھر ھم شروع ھوا

In 1972 1USD was 11.01 PKR
In 1973 1 USD was 9.99 PKR
In 1974 1 USD was 9.99 PKR
In 1975 1 USD was 9.99 PKR
In 1976 1 USD was 9.99 PKR
In 1977 1 USD was 9.99 PKR
In 1978 1 USD = 9.99 PKR
In 1979 1 USD = 9.99 PKR
In 1980 1 USD = 9.99 PKR
In 1981 1 USD = 9.99 PKR
پھر کلاشنکوف اور ھیروئن کے خلاف جہاد شروع ھوا
In 1982 1 USD = 11.85 PKR
In 1983 1 USD = 13.12 PKR
In 1984 1 USD was 14.05 PKR
In 1985 1 USD = 15.93 PKR
In 1986 1 USD = 16.65 PKR
In 1987 1 USD = 17.4 PKR
In 1988 1 USD = 18 PKR

پھر سیاسی شعور بڑھا اور روٹی کپڑا اور مکان دینے شروع ھوئے

In 1989 1 USD = 20.54PKR
In 1990 1 USD = 21.71 PKR
In 1991 1 USD = 23.8 PKR
In 1992 1 USD = 25.08 PKR

پھر ھم موٹر ویز بنانے لگے تاکہ پاکستان دن دگنی اور رات چوگنی ترقی کرنے لگا

In 1993 1 USD = 28.11 PKR
In 1994 1 USD = 30.57 PKR
In 1995 1 USD = 31.64 PKR
In 1996 1 USD = 36.08 PKR
In 1997 1 USD = 41.11PKR

پھر کرپشن بڑھنے لگی اور ملک کو مضبوط ھاتھوں نے اپنے ھاتھوں میں لیا

In 1998 1 USD = 45.05 PKR
In 1999 1 USD = 51.90 PKR
In 2000 1 USD = 51.90 PKR
In 2001 1 USD = 63.5 PKR
In 2002 1 USD = 60.5PKR
In 2003 1 USD = 57.75 PKR
In 2004 1 USD = 57.8 PKR
In 2005 1 USD = 59.7 PKR
In 2006 1 USD = 60.4 PKR
In 2007 1 USD = 60.83 PKR
پھر پاکستان کھپنے لگا
In 2008 1 USD = 81.1 PKR
In 2009 1 USD = 84.1 PKR
In 2010 1USD = 85.75 PKR
In 2011 1 USD = 88.6 PKR
In 2012 1 USD = 96.5 PKR
پھر پاکستان کو بچانے والے جدوجھد کرنے کے لیئے آگے آئے
In 2013 1 USD = 107.2PKR
In 2014 1 USD = 103 PKR
In 2015 1 USD = 105.20 PKR
In 2016 1 USD was 104.6 PKR
In 2017 1 USD = 110.01 PKR
اس کے بعد نیا پاکستان بنانے والے آگئے ڈالر اڑنا شروع ھوا
In 2018 1 USD = 139 PKR
In 2019 1 USD = 163.75 PKR
In 2020 1 USD = 168.88PKR
In 2021 1 USD = 179.16PKR
اور پھر 13 پارٹیوں کا اتحاد شروع ہوا
In 2022 1 USD = 240.00PKR ( July 28)

اور ھم عقل کے اندھے ھر بار تالیاں بجاتے رھے
Click to expand...

In 2022 (Today 24 Aug) 1 USD = 216.49PKR
 
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20220905_172906.jpg
 
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How the civil-military Elites eat up the Pakistan budget
 
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