Public debt up 5.14% to Rs33.42 trillion in July-Feb FY20

[Sine Nomine]

Wait for the corona crisis to end ppp and pmln dont know what they have landed into

Hope so.

 

[Turingsage]

I would not worry about corruption any more. IK has decided that corruption money is all white now. All you need do is invest in real estate and it becomes white

"A new amnesty by Prime Minister Khan under the so-called ‘no questions asked’ policy allows construction related investors to withhold the source of their investments. Tragically, this effectively reverses the few gains made by Pakistan towards documenting its economy, and creates an avenue for the internationally recognized dreadful reality of money laundering.

Pakistan has been targeted with international criticism for years over its ‘no questions asked’ policy adopted in the early 1990s, ostensibly to build up its foreign currency reserves. Successive Pakistani governments allowed individuals to buy foreign currency from the open market and stash away their deposits in on-shore foreign currency bank accounts, without revealing the source of their funds"

https://www.thenews.com.pk/print/641088-reversing-baby-steps

 

[HammerHead081]

nawaz and zardari did corruption . OK


but current state of affairs has nothing to do with it . this propaganda and shit memeing by PTI trolls here wont sell for long



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1 . elephant in the room is state bank and its incessant orgy of money printing + raising interest rates . so now, you have a devalued currency which is expensive to borrow aka you will pile debt faster than ever ....

2 .what little economic activity ( real estate etc) was there, is now shut thanks to excessive capital controls and hi taxes . ( cant blame zardari here, sorry ) . mind you, real estate and construction employed 20 other industries . ( and as i had anticipated, the govt eventually loosened restrictions and opened the sector but i doubt anyone is buying this u turn kool aid )


3 .there is massive gold in riko diq, govt can simply put that in state bank collateral and give a measure of strength to PKR ( russia and china have massively hoarded gold to back their currencies and are now patiently awaiting the dollars demise , popcorns ready ) . but i wont be surprised to find another bombshell news that riko diq gold ( like sandak copper) was handed in a platter to chinese ,,

https://www.rt.com/business/483518-russia-best-position-crisis/


4. what we are witnessing is the same old story , economic hitmen and conmen ( aka reza baqir + JKT + khusro bakhtiyar) are simply following an agenda or busy filling their pockets .

while real estate ( a middle class man's speculative play ground) is regulated and taxed to death, SUGAR cartel is given subsidy + tax breaks + allowed to export at will + raise local prices

tabdeeli much?

Same old ministers, same old corruption and same old supporters.