Voting for the new PM to be conducted today

[HammerHead081]

I am most interested to know that who is going to be the Finance Minister. This is going to be the most key ministry. Miftah and Ishaq dollar both have different ways to look at economy.

Dollar went down due to the State Bank raising the interest rates by a full 250 basis points. That also means the economy will slow down as borrowing will decrease.

Meanwhile petrol prices to increase by Rs 27 / litre.

Au na gee

Petrol prices are increasing with such a magnitude as PTI engineered this by freezing petrol prices during all this time. You are right about the slow down though.

 

[Surya 1]

Ss for sure

Actually, a mature politician is better than a non political guy. We experimented and failed din the case of Manmohan and Keju.

 

[Hareeb]

Dollar already reduced to 183, good stuff. Hopefully 150 in near future.

It's because state bank rose policy rate by 250bps to 12.25%.
What does this mean?
Wrt private sector: Cost of debt for private sector will rise, and it will stop taking loans for investing; LSM sector will stop expanding, private sector will stop growing, and unemployment may rise.
Wrt govt sector: To full fill his promises and sb acha ha, Shahbaz govt will try to expand economy by fiscal means, fiscal deficit will happen and govt will have to sell bonds (domestic/international if CAD rises) debt/GDP ratio will rise; incase of issuing domestic bonds, money supply will rise, inflation will rise. Central bank will again have to raise interest rate, and wrt to fiscal policy: to subsidize masses for inflation, govt will again have to issue bonds/raise taxes. Crowding out may happen, govt will take the bigger chunk of the available loans, cost to debt for govt will happen (credit rating of country will fall, exchange rate will rise, policy rate will rise). Due crowding out, industries will have difficulty raising loans, economy will stop expanding, or may start melting. Unemployment will rise.

At the end, hyper inflation will happen, unemployment will rise, monetary policy will stop working and central bank may have to use open market operation to support currency exchange rate.

Exchange rate neche anay ka credit to le liya, policy rate increase honay ka credit kon le ga?

 

[Imad.Khan]

i think its giving free hand to robbers

Its not like PTI would be able to do anything anyways, every single entity from the political parties to the judiciary is against them.

 

[Surya 1]

I am most interested to know that who is going to be the Finance Minister. This is going to be the most key ministry. Miftah and Ishaq dollar both have different ways to look at economy.


Petrol prices are increasing with such a magnitude as PTI engineered this by freezing petrol prices during all this time. You are right about the slow down though.

I would like new PAKISTAN foreign minister to focus on basic things such as Primary education, Water, food security, Agriculture, vocation etc.

 

[Areesh]

I would like new PAKISTAN foreign minister to focus on basic things such as Primary education, Water, food security, Agriculture, vocation etc.

 

[Marcus-Aurelius]

I would like new PAKISTAN foreign minister to focus on basic things such as Primary education, Water, food security, Agriculture, vocation etc.

If rumors are correct, Bilawal Bhutto Zardari would be our new FM, which would mean Pakistan handing out rainbow flags to all our partners & neighbors across the globe.

 

[Menace2Society]

If rumors are correct, Bilawal Bhutto Zardari would be our new FM, which would mean Pakistan handing out rainbow flags to all our partners & neighbors across the globe.

And the whole Zardari family will go to the state visits and most of the time the will talk about his dead mother to get some sympathy and attention.

 

[Surya 1]

If rumors are correct, Bilawal Bhutto Zardari would be our new FM, which would mean Pakistan handing out rainbow flags to all our partners & neighbors across the globe.

Who so ever becomes FM should go for Solar energy in big way. In India, Solar power tariff has dipped bellow Rs 2 much faster than expected. Pakistan get new tariff at 5 PKR per unit and they may make it available to People at Rs 10 per KWH. Install 10000 to 15000 KW solar plant in next 3 years.

 

[Menace2Society]

Who so ever becomes FM should go for Solar energy in big way. In India, Solar power tariff has dipped bellow Rs 2 much faster than expected. Pakistan get new tariff at 5 PKR per unit and they may make it available to People at Rs 10 per KWH. Install 10000 to 15000 KW solar plant in next 3 years.

Elon Musk is not taking charge. These people have court cases for corruption they will be busy squashing and continuing their racket.

 

[Hareeb]

You are automatically assuming that the only way to bring dollar down is artifical. Whereas, i am saying that FDI is a major contributor in helping the situation improve. It is a basic Money Supply / Demand question. Of course, that also means they must have plans to improve the exports greatly as well.

Bhai ap dollar neche lao gey, cost of manufacturing increase ho jayegi, exports expensive ho jayen gi, and it will lead to a fall in exports.
Dollar/PKR exchange rate zyada ha, it means imports expensive hain, log kam imports kren gey (local products purchase kren gey ya substitutes per focus kren gey), local economy expand hogi, employment increase hogi.

I don't know kuch logo ko PKR ki devaluation se itna masla kyu ha. I know external debt increase ho jayega, but over valuation of the currency won't benefit for the economy.

 

[Asimzranger]

Today is the victory for the bikari ,chor ,corrupt politicians , judicary and establishment lanat on your faces and those who support you.

 

[Jango]

Zardari next to Shahbaz Sharif, with a picture of Nawaz Sharif behind him.

Those in their graves must be turning.

 

[313ghazi]

I would like new PAKISTAN foreign minister to focus on basic things such as Primary education, Water, food security, Agriculture, vocation etc.

I think your foreign minister should have focused on education too. This way we wouldn't have these comments... lol

C'mon man - he's a FOREIGN Minister, the clue is in the man. His department will focus on Pakistani relations with foreign countries.

 

[HammerHead081]

SS announces in camera session for the letter? Missed the part.