PM Imran Khan's policy | For the first time in the 73 year country's history, external debt declined

[FOOLS_NIGHTMARE]

Current Debt of Pakistan.

https://tradingeconomics.com/pakistan/external-debt

 

[Pakistan Space Agency]

You didn't do that to satisfy my ego, you conveniently just mentioned post-2018 debt values in your first post and used that to call this government incompetent, ...

Look at the title of this thread. Look at what it's claiming, gloating and you, on your high horse were quick to post a graph which only shows debt increase before the PTI tenure.

Yes, the PTI Government is incompetent.

The previous PML-N Government went on a record breaking loan acquisition spree but ended their tenure with a 5.2% GDP Growth Rate. Something that the incompetent PTI Government somehow managed to reduce it to 2.4% within months despite taking more loans on average per year, devastating the economy, devaluing the currency, decimating the stock market and imposing ruthless poverty on the nation. Evil.

... and you ignored the increased in external debt by "sher" people. Will you also admit they are incompetent just like Maryam did?...

As above, PML-N Government went on a record breaking loan acquisition spree but ended their tenure with a 5.2% GDP Growth Rate. Something that the incompetent PTI Government somehow managed to reduce it to 2.4% GDP Growth Rate within months.

Nice try with showing increase in absolute amount, why don't you also go ahead and find out the percentage ... Based on the values you quoted, under PMLN the external debt increased by 78% and under the current government external debt so far increased by 16%.

Nice try. You want a biscuit?

Oh and since you are so angry at the external debt level now, maybe you should ask "sher" why they were so useless when they were warned during PMLN rule, (the following is an article from 2016)

Pakistan’s external debt likely to swell to $110b in four years
https://tribune.com.pk/story/122915...s-external-debt-likely-swell-110b-four-years/

But no, instead of actually showing competency, this is what former ministry said:

Borrowing a routine function, says ministry
“External borrowing is a routine and normal function of developing countries and Pakistan is no exception.
https://tribune.com.pk/story/1465942/rejoinder-borrowing-routine-function-says-ministry/

The above are some examples of incompetency shown by past governments which is why we are currently in this debt trap mess, of course you wont actually admit any of it but it doesn't matter because Maryam did

When did I say I am against Pakistanis acquiring loans, increasing state debt to improve the economy? Koi khuwab daikha?

Pakistan Tehrik-e-Insaf's Baby DebtZilla can acquire loans worth $200 billion this year alone if they want but they better at least have a GDP Growth Rate better than PML-N's 5.2%.

Ask yourself (meaning use your brain), can the PTI Government produce a higher GDP Growth Rate than PML-N's if they took on more loans than the last Government?

I think not because Pakistan Tehrik-e-Insaf is lead by lotas, failures and leftovers from other political parties.

Maryam Nawaz calls PMLN ‘ineligible’ and ‘incompetent’ on Twitter
Maryam Nawaz accidentally took a jibe at her party, for a report published on Pakistan’s disappointing economic performance.
https://www.globalvillagespace.com/maryam-nawaz-calls-pmln-ineligible-and-incompetent-on-twitter/

Hee hee hee. Here's one for you.

 

[Zibago]

Pakistan Tehrik-e-Insaf's Baby DebtZilla can acquire loans worth $200 billion this year alone if they want but they better at least have a GDP Growth Rate better than PML-N's 5.2%.

Not mentioning the cad, the falling exports or where the growth was mainly focused on (government spending)

 

[Pakistan Space Agency]

Not mentioning the cad, the falling exports or where the growth was mainly focused on (government spending)

If you used your brain you would know the money was being spent on increasing imports due to a 21 million population increase over the five-year period and a burgeoning Nominal GDP.

What the incompetent PTI fails to highlight (or understand) is that Pakistan has a very large shadow economy, and along with huge remittances ($20 billion +) and exports ($20 billion +), combined offsets the cumulative $60 billion imports.

The previous PML-N Government's policy was to have a "Consumer Based Economy" rather than an export oriented one simply because Pakistan doesn't produce much for exports without imposing poverty on the nation.

Incompetent PTI Government, however comes in, chanting exports, CAD, exports, CAD, exports, CAD, devalues the currency, decimates the stock market, destroys the economy, imposes poverty on the nation and ends up with much higher external debt, halved GDP Growth Rate and similar export figures (also loses Kashmir in the process).

 

[Zibago]

If you used your brain you would know the money was being spent on increasing imports due to a 21 million population increase over the five-year period and a burgeoning Nominal GDP.

What the incompetent PTI fails to highlight (or understand) is that Pakistan has a very large shadow economy, and along with huge remittances ($20 billion +) and exports ($20 billion +), combined offsets the cumulative $60 billion imports.

The previous PML-N Government's policy was to have a "Consumer Based Economy" rather than an export oriented one simply because Pakistan doesn't produce much for exports without imposing poverty on the nation.

Incompetent PTI Government, however comes in, chanting exports, CAD, exports, CAD, exports, CAD, devalues the currency, decimates the stock market, destroys the economy, imposes poverty on the nation and ends up with much higher external debt, halved GDP Growth Rate and similar export figures (also loses Kashmir in the process).

This shows your disastrous understanding of economics
Most of the consumption activity that took placei n that era was government run on projects with less economical but more political value
That era was a disaster waiting to happen and you dont just brush aside CAD like it means nothing if you take loans and spend them all on consumption you and waste them trying to control exchange rates you push your country into an even bigger disaster Greece is the perfect example of a spending spree gone wrong

 

[jericho]

The previous PML-N Government's policy was to have a "Consumer Based Economy" rather than an export oriented one simply because Pakistan doesn't produce much for exports without imposing poverty on the nation.

Incompetent PTI Government, however comes in, chanting exports, CAD, exports, CAD, exports, CAD

Is this policy created out from your a*se with Calibri font?

What the hell were the BS below in which PMLN claimed exports are needed (and they still performed poorly)?

ISLAMABAD, Jan 10 (APP): Prime Minister Muhammad Nawaz Sharif Tuesday announced a major Rs.180 billion package of "Export-led growth" to enhance country's exports over the next five years.
https://timesofislamabad.com/10-Jan-2017/pm-nawaz-sharif-announces-pakistan-s-largest-export-package

In another event (Chamber of Commerce Export Award), Nawaz Sharif said the following :
"Pakistan needs its exports to multiply so that Pakistan can fix its Balance of Payment"

The previous PML-N Government went on a record breaking loan acquisition spree but ended their tenure with a 5.2% GDP Growth Rate. Something that the incompetent PTI Government somehow managed to reduce it to 2.4% within months despite taking more loans on average per year, devastating the economy, devaluing the currency, decimating the stock market and imposing ruthless poverty on the nation. Evil.

The following are also gift of PMLN : artificially keeping the currency overvalued by using the money they took from external loans. Huge budget deficit, huge current account deficit, PML-N government’s policy adding massive power generation capacity on long-term (25-30 years) take-or-pay contracts pushing the country into a capacity trap, massive capacity expansion in the power sector without professional due diligence of the country’s demand/supply projections and impact on affordability and sustainability, among other things

Look at the title of this thread. Look at what it's claiming, gloating and you, on your high horse were quick to post a graph which only shows debt increase before the PTI tenure.

The title (not written by me) simply said that external debt has declined in the country's history, now to be fair, the title can be a little misleading but the video in OP explained where it has declined which is what i wrote in my 2nd post, but your a*se was on fire because "sher" couldnt achieve what current Punjab government did and wanted to only quote your post 2018 total external debt figures without showing the increasing total external debt under past governments

Nice try. You want a biscuit?

Oh I should have known that my post was beyond your brain capacity

Hee hee hee. Here's one for you.

Yeah, you are equating a slip of tongue from IK to Maryam who couldn't read a World Bank report before calling her own party incompetent, what a fool you are.

 

[Mav3rick]

"
Public debt was Rs33.421 trillion at the end of February 2020, up from Rs31.786 trillion till end June 2019. Domestic debt increased 7.02% to Rs22.188 trillion at the end of February, while foreign debt rose slightly, up 1.60% to Rs11.232 trillion.

https://www.geo.tv/latest/281614-public-debt-up-514-to-rs33421trln-in-july-feb-fy20
"
Now, can we please end the nonsense of our debt going down whereas in fact and in reality it is getting higher all the time!!!

 

[SoulSpokesman]

@Pakistan Space Agency

PSA sb,

Most of the incremental debt during MNS tenure was contracted for capex under CPEC- good debt which should handsome returns to Pakistan eventually.

Regards

 

[Salahuddin Ayyubi]

I don't know where you got the 78% number. But according to my research, external debt increased by 22% at the end of PPP govt and at the end of PMLN govt, it increased by 46%


The PMLN patwari is throwing the correct numbers at you. Either you admit that PTI govt has incompetently took too many loans during a short time, if not, then stop deflecting the topic to the previous govt.

You didn't do that to satisfy my ego, you conveniently just mentioned post-2018 debt values in your first post and used that to call this government incompetent, and you ignored the increased in external debt by "sher" people. Will you also admit they are incompetent just like Maryam did?

Nice try with showing increase in absolute amount, why don't you also go ahead and find out the percentage you idiot. Based on the values you quoted, under PMLN the external debt increased by 78% and under the current government external debt so far increased by 16%.

Oh and since you are so angry at the external debt level now, maybe you should ask "sher" why they were so useless when they were warned during PMLN rule, (the following is an article from 2016)

Pakistan’s external debt likely to swell to $110b in four years
https://tribune.com.pk/story/122915...s-external-debt-likely-swell-110b-four-years/

But no, instead of actually showing competency, this is what former ministry said:

Borrowing a routine function, says ministry
“External borrowing is a routine and normal function of developing countries and Pakistan is no exception.
https://tribune.com.pk/story/1465942/rejoinder-borrowing-routine-function-says-ministry/

The above are some examples of incompetency shown by past governments which is why we are currently in this debt trap mess, of course you wont actually admit any of it but it doesn't matter because Maryam did

Maryam Nawaz calls PMLN ‘ineligible’ and ‘incompetent’ on Twitter
Maryam Nawaz accidentally took a jibe at her party, for a report published on Pakistan’s disappointing economic performance.
https://www.globalvillagespace.com/maryam-nawaz-calls-pmln-ineligible-and-incompetent-on-twitter/

 

[Salahuddin Ayyubi]

Look at the title of this thread. Look at what it's claiming, gloating and you, on your high horse were quick to post a graph which only shows debt increase before the PTI tenure.

Yes, the PTI Government is incompetent.

The previous PML-N Government went on a record breaking loan acquisition spree but ended their tenure with a 5.2% GDP Growth Rate. Something that the incompetent PTI Government somehow managed to reduce it to 2.4% within months despite taking more loans on average per year, devastating the economy, devaluing the currency, decimating the stock market and imposing ruthless poverty on the nation. Evil.



As above, PML-N Government went on a record breaking loan acquisition spree but ended their tenure with a 5.2% GDP Growth Rate. Something that the incompetent PTI Government somehow managed to reduce it to 2.4% GDP Growth Rate within months.



Nice try. You want a biscuit?



When did I say I am against Pakistanis acquiring loans, increasing state debt to improve the economy? Koi khuwab daikha?

Pakistan Tehrik-e-Insaf's Baby DebtZilla can acquire loans worth $200 billion this year alone if they want but they better at least have a GDP Growth Rate better than PML-N's 5.2%.

Ask yourself (meaning use your brain), can the PTI Government produce a higher GDP Growth Rate than PML-N's if they took on more loans than the last Government?

I think not because Pakistan Tehrik-e-Insaf is lead by lotas, failures and leftovers from other political parties.



Hee hee hee. Here's one for you.

Fake economic growth based on shady tactics by ishaq dollar required taking loans after loans in order to artificially stabilize the currency. It was not competency, it was a shitty magic trick he was trying to do. That's why once PMLN govt ended, he ran away to London and has been hiding there.

 

[jericho]

I don't know where you got the 78% number.

If you understand English and read my post carefully, you will get the answer to this

 

[Genghis khan1]

who paid the price (poor innocent awaaam)

https://www.facebook.com/

Is ko madinay ki riast Main bijli, istari aur TV ghar bhaty muft cahee. Bachy bohky mar rahy hain aur iski sahat deko

 

[Armchair]

IK and PTI steadied the ship. Now its time to get the ship up to speed. In'sha'Allah next 5 years will show Pak becoming an Asian Tiger economy. If the COVID19 doesn't hijack it.

 

[POPEYE-Sailor]

Is ko madinay ki riast Main bijli, istari aur TV ghar bhaty muft cahee. Bachy bohky mar rahy hain aur iski sahat deko

hmmm ALLAH apko sahi or galat dekh ni pehchan de.
(inflation rates, petorl prices, taxes, electricity unit prices, gas unit prices, medicines, DOLLAR from 110 to 155 now 165 (bcz of corona) and many more - every thing 100% increased).

 

[Syed1.]

hmmm ALLAH apko sahi or galat dekh ni pehchan de.
(inflation rates, petorl prices, taxes, electricity unit prices, gas unit prices, medicines, DOLLAR from 110 to 155 now 165 (bcz of corona) and many more - every thing 100% increased).

1. Inflation rate is down to 8% roughly where the Noora chors left it by artificially managing the exchange rate

2. Petrol prices are lower than Noora era now. Also who can forget Khaqan Abbasi signing a 15 year deal where Pakistan will be buying LPG above international prices for 15 years!

3. Taxes and Electricity prices are the reason we are here now. Pakistan's tax rate is even lower than regional countries let alone the world so tax rate has to go up if Pakistan has to survive. Electricity prices are above because Noon league and PPP invested in expensive oil fired and inefficient plants for cheap votes and now the entire country is suffering. Showbaaz Sharif built a coal plant in Sahiwal miles away from any port or coal mine.


4. Even during PML-N government dollar rate had gone up to 125. Ishaq Dar artificially kept the dollar rate between 100-110 and then his own party member Miftah Ismail reversed his disastrous policy.


Anything else or this much phainti is enough for one day?


You are praying to Allah to give pehchaan of right and wrong to that poster. I recommend you do the same prayer for yourself as well.