What is the formula of real effective exchange rate? Ishaq Dar asks anchor

[Wood]

My DP is a screengrab from an infamous interview of Ishaq Dollar on BBC Hardtalk. Here have a look

BBC anchor completely destroyed him

This was truly hilarious to watch. I think that Mr. Dar went to that show under the impression that the 'hardtalk' will be about Imran. But instead all questions were about him and that caught him off guard. He was like a fish out of water the whole time.

But he had a good point about an institution like NAB. It has extra judiciary powers and can easily be abused to topple any elected government. In India, there was a Lokpal movement during Congress tenure that wanted something similar. MMS (IMO) rightfully turned it down and saved India from future disasters.

 

[maithil]

In his last tenure, commodity prices were lower and lenders were relatively eager to give cash. Now on the other hands, commodity super cycle and reluctant lenders will test his financial acumen.

 

[hydrabadi_arab]

He want to give relief to poor people, very good. By taking foreign loans to pump rupee, crippling exports, imports explode. All good except when it explode like Sri Lanka in few years.

 

[Mav3rick]

Pakistan's former finance minister, who is tasked by establishment to make budget for 2022-2023, claims live on TV that he doesn't know the formula of real effective exchange rate
No wonder why Pakistan's exports got all messed up during his tenure as economic hitman of Pakistan

https://twitter.com/x/status/1520974305630507014

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@Patriot forever @farok84 @beijingwalker @Beast @muhammadhafeezmalik @koolio @RescueRanger @PakSword @waz @Mav3rick @Jungibaaz @ejaz007 @Pak@istan @ghazi52 @Ghazwa-e-Hind @notorious_eagle

While you play with words, he will prepare the budget(s) and will attempt to fix the economy which is beyond your understanding.

 

[Trango Towers]

When will the pak population start to shoot these traitors

 

[Imran Khan]

 

[Wood]

He want to give relief to poor people, very good. By taking foreign loans to pump rupee, crippling exports, imports explode. All good except when it explode like Sri Lanka in few years.

This is one reason why IMF as a creditor is better compared to bilateral agreements. IMF loan approval conditions try to restore fiscal and monetary discipline.

 

[Falconless]

When will the pak population start to shoot these traitors

Might happen soon enough, the longer they delay the elections the more radical the public gets.

 

[Trango Towers]

Might happen soon enough, the longer they delay the elections the more radical the public gets.

Can't wait. It has to start. Cull is the only way

 

[hydrabadi_arab]

This is one reason why IMF as a creditor is better compared to bilateral donors. IMF loan approval conditions try to restore fiscal and monetary discipline.

He is getting mad because this isn't 2013 when last time he became FM. He left Pakistan near bankrupt in 2018 and still under harsh IMF program after almost 4 years. So this time public will not experience import led growth bonanza neither they will be able to do any major development work from public funding. Things are looking bad for Nawaz league right now, they should have waited till 2023 election but getting relief in corruption cases is more important.

For example China isn't willing to finance ML1 railway project in current scenario. Same China pumped $30b between 2014-2018 CPEC.

 

[Wood]

He is getting mad because this isn't 2013 when last time he became FM. He left Pakistan near bankrupt in 2018 and still under harsh IMF program after almost 4 years. So this time public will not experience import led growth bonanza neither they will be able to do any major development work from public funding. Things are looking bad for Nawaz league right now, they should have waited till 2023 election but getting relief in corruption cases is more important.

For example China isn't willing to finance ML1 railway project in current scenario. Same China pumped $30b between 2014-2018 CPEC.

I thought the ML 1 project was already underway. What happened now?

 

[The Accountant]

As a Qualified Professional Accountant, I would say please stop labelling Qualified accountants as "Har Fan Mola" of everything relating to money.
Give task of Economy to Economists.
In our Pakistan Chartered Accountancy Syllabus we study economics only as one subject in initial stage. And thats it. Macroeconomics is not the focus at all. I studied more economics in my Graduation of Economics compared to CA and CMA. And its a very different field.

U also an ICAP member ?

 

[Zhukov]

U also an ICAP member ?

ACMA.
CA Part Qualified. Too lazy to complete

 

[Norwegian]

While you play with words, he will prepare the budget(s) and will attempt to fix the economy which is beyond your understanding.

Of course. Only Patwaris can fix the economy magically and understand it.

 

[Tom_Cruise]

Is this ullu ka patta back?