World economy crisis ends: Assad Omar

[Mamadouso]

lol this might seem like a joke to you but we also import DAAL/lentils...

Why don’t they farm lentils in Pakistan?

 

[Skyliner]

What do we have to offer to the world? Our agriculture production yield is less. Our export is shirking...
Do you know anything about economy?

Same people have looted Pakistan are friends with media houses and lifafa anchors who are demanding the head of Asad Umar and Imran Khan Every night. They want 30 years of F*up fixed in 8 months. How can you bring changes when every system is corrupt. How can governments do Ihtesab when judicial system is corrupt?

No i don't know anything about economy. What i do know is how to read surveys and differentiate b/t growingand declining economy, what i do know is who made what promises and is failing to fulfill them.
If you know where is the problem in our economy then Asad Umar surely knows that too, what efforts or even a policy he had made to overcome those problems? Will you please enlighten me as i am an economic illiterate!

 

[Respect4Respect01]

Why don’t they farm lentils in Pakistan?

they do, but we still need to import 900,000 tons every year.

 

[Tom M]

Islamabad: Finance Minister Asad Umar says the crisis of the country's economy has gone down and now we are in the stabilization phase that will last for a long time. Speaking at the function in Islamabad, Asad Umar said that Pakistan's economy has three major challenges, budget deficit, trade deficit and investment can be reduced, Pakistan does not export so much exports. The Finance Minister said that the economy has come out of the ICC, the crisis in the country's economy has gone down and now we are in the stabilization stage, which will last for a long time, then we will go on a stable development. He said that Pakistan does not export so much to get foreign exchange, the savings which we had saved was so fast that I had to close the fist hard to stop it. He said that in 70 years, many countries went ahead of us, including Bangladesh, and the growth rate of the growth of half-a-half countries of Africa is better than us. Asad Omar added that at this time we are not only taking back the old loans but also to pay interest on it, more than $ 800 billion was taken to pay interest, it is dangerous to us. Went ahead too. He said that our exports in 2003 were 13% of the economy's volume which lasted 8 percent last year - we went on slogans instead of development, we lost the loss of Rs 1900 billion last year, that is why we are friends and friends, Go to IMF and ask for help from everyone. Asad Umar said that if properly utilizing Balochistan's resources, would not stand before the IMF, Bangladesh today has doubled us, India has taken, and Turkey is developing more than three times, we need to reach here. Is. The Finance Minister said that if the FBR does not recover, Pakistan will not be altered, Sensex rate in Pakistan is among the lowest countries in the world, last year's Sung rate of Pakistan was 10 percent, if the money will be saved and invest So you will proceed, China and India have a growth rate due to growth of Sung. He said, "I do not want to pay any tax with sorry, so many questions do not ask for a daughter-in-law, as much as the question asks in the FBR tax return, so it is easy to pay tax." The Finance Minister said that there is no use to put people in prisons, the scheme has been decided to show the assets, but this scheme will be successful when people know that when the scheme ends, Do not have a hide place, so take advantage of the scheme, do not sing after that. Asad Umar said that our external information has improved very well, now the law has been taken into account with unauthorized accounts. He said that we have made artificial money a lot of money by keeping money indefinitely, keeping the value of rupees is a tax on labor, farmer and investor, we have to eliminate this system, we need exchange rate stability.

What a bad article with a lot of errors.

 

[jupiter2007]

No i don't know anything about economy. What i do know is how to read surveys and differentiate b/t growingand declining economy, what i do know is who made what promises and is failing to fulfill them.
If you know where is the problem in our economy then Asad Umar surely knows that too, what efforts or even a policy he had made to overcome those problems? Will you please enlighten me as i am an economic illiterate!

What is going to happens to economy when exports decreases and import increases? It will fail and you will have to borrowed money to keep the economy going.

Do you know the conditions of our industries? Majority of the investor have left because of wrong policies of previous two governments. Ask yourself why our agriculture production is shrinking? Who is responsible for that? While countries are using new Technologies and techniques to maximize agriculture production, our corrupt leadership neglected it. They were busy in making money from various failed or over paid project.

What they (PMLN) should have done wa to invested in palm tree and olive cultivation. Tea cultivation in northern area. They should have Invested in Halal meat industry which is going to be 2.7 trillion by 2025.
Fishing and seafood farming was another good invest option but nothing was done.

 

[Skyliner]

I don’t agree with Asad Umar. Economy was in coma in ICU, it maybe out of coma but still in ICU. It might go from ICU to general ward in July when IMF agreement will be signed. It will be in General ward for another 12 to 18 months before going to long term care facility.

8 months in COMA in ICU
4 months in ICU
18 to 24 months in General Ward
18 to 36 months long term recovery

What is going to happens to economy when exports decreases and import increases? It will fail and you will have to borrowed money to keep the economy going.

Do you know the conditions of our industries? Majority of the investor have left because of wrong policies of previous two governments. Ask yourself why our agriculture production is shrinking? Who is responsible for that? While countries are using new Technologies and techniques to maximize agriculture production, our corrupt leadership neglected it. They were busy in making money from various failed or over paid project.

What they (PMLN) should have done wa to invested in palm tree and olive cultivation. Tea cultivation in northern area. They should have Invested in Halal meat industry which is going to be 2.7 trillion by 2025.
Fishing and seafood farming was another good invest option but nothing was done.

Fk previous govts, move on now it's not the time to discuss what should have been done, my MASOOMANA question was what Asad umer had done or going to do to get this economy out of crisis.

 

[H!TchHiker]

Lol....ya wala nasha kaha sa mlta ha

 

[Yaseen1]

there is no world economic crisis occurring these days ,he should focus on our domestic economy first instead of focusing on world economic crisis which has no existence

 

[jupiter2007]

Fk previous govts, move on now it's not the time to discuss what should have been done, my MASOOMANA question was what Asad umer had done or going to do to get this economy out of crisis.

We went to IMF 18 times because we didn't work on sustainable economy. Our corrupt politician only worked on projects where they can make money.
When IK government took over, economy was in coma and Pakistan was destine to default on IMF loans. IK prevented defaulting on the loans by going to friendly countries and borrowing money to pay of the interest payment on the loans, rest of the money was used for imports that which was needed to run the country. We had borrow enough money for 12 months and IK government is already working on many different projects to increase export.

Our economy is based on agriculture and we need to take proper steps to increase export.
1) IK government top priority is to increase Agriculture sector and maximize growth of Wheat, Rice, Sugarcane and Cotton.
2) In order maximize the agriculture growth, IK government want to introduce latest technology and techniques. Pakistan is already working with USA and China.
3) Palm oil and oilive farming for local consumption and export
4) Sunflower farming

Animal and seafood export
1) Cow, goat and lamb farming for Halal meat export.
2) Duck, Chicken & egg production and farming for local consumption and export.
3) Seafood farming for local consumption and export
4) Leather process (new technology to produce high quality leather production)

Tourism
1) Ease of getting Visa process to Pakistan
2) Marketing campaign to invite tourist to Pakistan
3) Inviting investors to invest in tourism industry.


IK government will try to Reduce the imports and build or improve the local industries.
Fertilizer
Electronics Industries
Auto industry
Pharmaceutical industry
Tanning, dyeing extracts

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

https://en.wikipedia.org/wiki/Economy_of_Pakistan

 

[Kamikaze Pilot]

World economy crisis ends

When did it start? Is he referring to 2008 world economic crises?

 

[CrazyZ]

Need to boost defense production and infrastructure building. Instead of taxes they should force the wealthy to buy Islamic bonds to fund this.

 

[FOOLS_NIGHTMARE]

Guys who dont believe in world bank,ADB,IMF,Standards and Poors,Moodys and Fitch should just watch propaganda clips on whatsapp and social media and be happy.With the current financial management the things are actually very gloomy. I will not bet on a puncture specialist to fix a jet engine even if he does it for free.Reality of the fact is Asad Umar is just hot air with abundant cheap talk the sooner he is replaced the better it is for our future.

 

[BATMAN]

Assad ,

For god sake just ban imports we don't need

Sure but also ban smuggling.

I am tired of listening to Assad Omar's nonsensical baqwas.

He is the best of all the team. Rest of the lot is even worst.

 

[Abdussamad]

Why don’t they farm lentils in Pakistan?

We do but not as much as we used to because farming wheat, cotton or sugar instead is less risky. The government has been underwriting wheat and sugar production for many years. As a result we produce more of those commodities than we need and less of other things like lentils, vegetables and fruits. We then import these products and subsidize exports of wheat and sugar! It's all a big racket!

 

[Rusty]

We went to IMF 18 times because we didn't work on sustainable economy. Our corrupt politician only worked on projects where they can make money.
When IK government took over, economy was in coma and Pakistan was destine to default on IMF loans. IK prevented defaulting on the loans by going to friendly countries and borrowing money to pay of the interest payment on the loans, rest of the money was used for imports that which was needed to run the country. We had borrow enough money for 12 months and IK government is already working on many different projects to increase export.

Our economy is based on agriculture and we need to take proper steps to increase export.
1) IK government top priority is to increase Agriculture sector and maximize growth of Wheat, Rice, Sugarcane and Cotton.
2) In order maximize the agriculture growth, IK government want to introduce latest technology and techniques. Pakistan is already working with USA and China.
3) Palm oil and oilive farming for local consumption and export
4) Sunflower farming

Animal and seafood export
1) Cow, goat and lamb farming for Halal meat export.
2) Duck, Chicken & egg production and farming for local consumption and export.
3) Seafood farming for local consumption and export
4) Leather process (new technology to produce high quality leather production)

Tourism
1) Ease of getting Visa process to Pakistan
2) Marketing campaign to invite tourist to Pakistan
3) Inviting investors to invest in tourism industry.


IK government will try to Reduce the imports and build or improve the local industries.
Fertilizer
Electronics Industries
Auto industry
Pharmaceutical industry
Tanning, dyeing extracts

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

https://en.wikipedia.org/wiki/Economy_of_Pakistan

Thank you.
Patwaris only want to blame PTI for everything.
Thank you for showing how PTI is improving the ecconomy