PM Imran Khan revived textile export industries of Faisalabad

[muhammadhafeezmalik]

well i have posted this several times..
the whole problem of Pakistan can be summarized one word "state bank lending also known as fake note printing"

this is done usually at end of each govt to generate enough funds for heavy spending and growth...the counter effect of note printing is inflation but that is controlled via artificial interest rates. The end result of all this is current account deficit

this time and tested formula has won PMLN several govts and therefore, it will do it again as mentioned by Maryam so i do expect we having same policies in 2025 and ending up with IMF again in 2028

see this for example..the red is note printing..its worse in 2018-19 simply because PTI had to first adjust the interest rates and then print more notes to pay that interest
but this year it has been zero just like under IMF in 2013-2105

View attachment 689957

The figure you have shown does not mention last year's data. This is just jugglery of words, SBP gives loans to scheduled banks and scheduled banks give loans to government.

کان کو اس طرف سے پکڑیں یا دوسری طرف سے فرق کیا ہے؟؟
The bottom line is government debt increased by PKR 22000+ billion rupees.

CREDIT/LOANS CLASSIFIED BY BORROWERS
(Outstanding position at the end of month)
(Based on ISIC 4 Classifications of Private Sector Business)					(Million Rupees)
Description	June-19	Oct-19	June-20	Oct-20P	Difference (Oct 20-Oct 19)
1. Credit to Government Sector (A+B)	12,396,080​	12,770,141​	14,924,348​	14,971,928​
A. SBP Credit to Government Sector (Net)	6,678,077​	6,591,510​	6,542,719​	6,327,798​	-263,712​
Investment in Govt. Securities	7,762,570​	8,096,108​	7,273,703​	7,107,033​
Loans to Government	43,695​	42,433​	63,766​	42,721​
Others	9,569​	9,569​	9,789​	9,789​
Less: Govt. Deposits	1,137,757​	1,556,600​	804,539​	831,745​
B. Scheduled Banks Credit to Government Sector (Net)	5,718,004​	6,178,631​	8,381,629​	8,644,130​	2,465,499​
Investment in Govt. Securities	6,994,249​	7,421,997​	9,885,209​	10,176,018​
Loans to Government	802,202​	788,212​	882,362​	821,637​
Less: Govt. Deposits	2,078,447​	2,031,578​	2,385,942​	2,353,525​

Central Punjab is full of Khota Biryani consumers with people endorsing Darnomics. It won't be easy to change their minds. Maybe an education emergency in Central Punjab might help.

Pakistan was literally bankrupt in 2018. If it wasn't for these allies, dollar would be trailing at 200 Rs and beyond.
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This is the last review of IMF the target for September 20 was -11.8 billion USD which was not met.

Whereas according to last report in PMLN tenure the NIR was:

Pakistan's 'net reserves stand at minus $724m' | The Express Tribune

Govt says IMF’s baseline scenario does not reflect its recent policy measures

tribune.com.pk

 

[muhammadhafeezmalik]

a CEO of a textile mill once told as i know him very closely that in APTMA meetings dar used to literally abuse them as they were begging for the revival of textile industry.

Largest textile exporters left APTMA decades ago. APTMA is just cartel of beggars.

 

[Norwegian]

Whereas according to last report in PMLN tenure the NIR was

Your favorite absconder Ishaq Dollar turned net reserves from 8 billion USD plus to minus 8 billion USD in just two years. Pakistan has hardly recovered from the mess he left behind.

Largest textile exporters left APTMA decades ago. APTMA is just cartel of beggars.

Who was in power decades ago but your favorite PMLN?

 

[muhammadhafeezmalik]

Your favorite absconder Ishaq Dollar turned net reserves from 8 billion USD plus to minus 8 billion USD in just two years. Pakistan has hardly recovered from the mess he left behind.
View attachment 690365View attachment 690366

Who was in power decades ago but your favorite PMLN?

You are just sharing photo-shopped/manipulated figures. There was no review for Pakistan economy from in June 18. This is actual screenshot of March 2018.