Would Muzzammil Aslam be proven correct again this time?

[Desprado]

We literally have a chance of hitting 28 next year if not 30 and these clowns just want subsidized growth back where factories shut down and all big spending is concentrated in central punjab

Did you even analyze what items caused a spike in last few months?

Also for the last time PTI isnt devaluing currency the currency is reflecting its real value that is reflective of our economic reality

Only an idiot will think that the government needs to pump billions into the system just so that gamay majay could have subsidized consumption for next few months completely wasting reserves which could be better spent at upgrading our infrastructure to support our export industries

No sir it not that what i am trying to tell. Out flow of dollar from stock market, equities and FDI is very high due to uncertainty in Financial matter since 4 months.

Why Currency is devaluing?

CAD is the reason but not major,

1) CDS risk is rising since 4 months.

2) Government uptake credit is very since 4 months.

3) Outflow from investment in dollar are high.

4) Negative interest rate is forcing very high interest rate.

5) Panic in the market to buy dollar due to dollar against PKR is only way ride at the moment.

6) No clear plan from FM.

7) Major major reason is that they did a very big mistake to delay IMF program for 4 months and now we will do IMF program whatever it takes ,however, IMF give us more hard condition than before. (Example massive hike in interest to stop CAD, taxes increases, electricity bill increase, now gas prices will also increase and car sale tax will increase as well).

 

[Crimson Blue]

6) No clear plan from FM.

I'd really like to know this:

What was the clear financial plan launched by finance ministers between 2008 to 2018 ?

 

[Desprado]

I'd really like to know this:

What was the clear financial plan launched by finance ministers between 2008 to 2018 ?

No clear plan means that FM has no plan how he will control CAD and how he will fill CAD gaps because RDA and FDI inflows are getting lower due uncertainty in the market.



uncertainty is mother of all devil in the market.

 

[ziaulislam]

We literally have a chance of hitting 28 next year if not 30 and these clowns just want subsidized growth back where factories shut down and all big spending is concentrated in central punjab

Did you even analyze what items caused a spike in last few months?

Also for the last time PTI isnt devaluing currency the currency is reflecting its real value that is reflective of our economic reality

Only an idiot will think that the government needs to pump billions into the system just so that gamay majay could have subsidized consumption for next few months completely wasting reserves which could be better spent at upgrading our infrastructure to support our export industries
There are still people in this world who think subsidizing consumption in a developing economy is a good thing even after witnessing what happened in Lebanon @ziaulislam
People want to emulate that instead of avoiding this

Love is blind
Lebanon was bankrupted4x everytime bailed out by arabs..

We have bankrupted 5 times saved by mix of arab, chinese and american money..

Lets see who bails pakistan out next time..
The import culture/kaam choori of pkistan is mirrored by lebanon

While the work culture of india, bengaldesh, china and japan usa is their for everyone to see

Today see where india bengaldesh are and where we are
Their exports are 5x per capital then ours..remeber this was 3x in reverse in 1988 same after boom in 2002- 2008 but shareef has made has "begger tiger" of asia in 30 years

Lets be honest we are proud begger nation who goes to IMF every 5 years and kneel and beg...pakistani middle and elite class cannot endure international prices of cheese so we instead beg

 

[Bouncer]

Only an idiot will think that the government needs to pump billions into the system just so that gamay majay could have subsidized consumption for next few months completely wasting reserves which could be better spent at upgrading our infrastructure to support our export industries

So I am a middle class (maybe maybe touching upper middle class) salaried guy who gets income tax deducted at the source.. and then I pay GST/WHT on everything I buy. Not complaining.. I am actually happy and consider it my very humble contribution to the country.

What massively pisses me off is these gaamay maajay. I know a few. Earning crores per month (no exaggeration) and paying ZERO income taxes. One of these fellows was complaining to me that "Cheese got expensive after IK came in to power" because cheese was imported.

 

[Zibago]

So I am a middle class (maybe maybe touching upper middle class) salaried guy who gets income tax deducted at the source.. and then I pay GST/WHT on everything I buy. Not complaining.. I am actually happy and consider it my very humble contribution to the country.

What massively pisses me off is these gaamay maajay. I know a few. Earning crores per month (no exaggeration) and paying ZERO income taxes. One of these fellows was complaining to me that "Cheese got expensive after IK came in to power" because cheese was imported.

Imported packaged food should be heavily taxed people who complain about higher price of iphones and Nutella should be given instant shutup call

 

[RIP Pak LAW]

He is more a data scientist than economist which is even better since he speaks with data on his hand. No wild predictions but soley based on data that is why, he has been successful in forcasting economical indicators. This is also the modern way of predicting economy unlike in our main stream media, where economy is talked by old fashioned economics pandits who are generally unware of modern data models, created with the advacenment in technology.

 

[sparten]

We have bankrupted 5 times saved by mix of arab, chinese and american money.

We have never been bankrupted. Or ever defaulted.

 

[Pandora]

He merely quotes official stats which are available of official relevant websites. People who doubt him simply dont do their homework and dont even bother to review official figures. IMF and Wrold bank dont review sometimes for entire so their data remains unchanged on their websites. Our agriculture was bound to grow after farmers started getting proper payments for their crops. Industry was given special relaxations as well so there is no rocket science one can easily predict trickle down effects for such measures. Unfortunately most people who come to media as analysts are very biased due to political views.

 

[ziaulislam]

We have never been bankrupted. Or ever defaulted.

We defaultd on foreign currency account in 1998
We were near bankrupcy several times bailed out by arabs
Hence our rating is bb- one above bankrupcy
This far below regional countries

 

[Desprado]

We defaultd on foreign currency account in 1998
We were near bankrupcy several times bailed out by arabs
Hence our rating is bb- one above bankrupcy
This far below regional countries

This i agree. In 1998 we defaulted on 500 million euro bond.

 

[Crimson Blue]

He merely quotes official stats which are available of official relevant websites. People who doubt him simply dont do their homework and dont even bother to review official figures.

I think you need to hear him again.

He started forecasting 4+% GDP growth back in December 2020 when official government estimate were around 2.5%. Final government statistics were not released till May 2021.

Government estimated for wheat crop was 25 million metric tons in 2020-21, and he said back in Dec-Jan that wheat crop would smash those estimates.

In the latest video that I posted (at 9:10 mark) , he mentions government estimate of 2.2% of crop growth for year 2021-22 and then he gives own estimates of 5+% growth which is more than twice that of government's estimates. And he says that out loud & clear without munching his words or being apologetic.

 

[Desprado]

I think you need to hear him again.

He started forecasting 4+% GDP growth back in December 2020 when official government estimate were around 2.5%. Final government statistics were not released till May 2021.

Government estimated for wheat crop was 25 million metric tons in 2020-21, and he said back in Dec-Jan that wheat crop would smash those estimates.

In the latest video that I posted (at 9:10 mark) , he mentions government estimate of 2.2% of crop growth for year 2021-22 and then he gives own estimates of 5+% growth which is more than twice that of government's estimates. And he says that out loud & clear without munching his words or being apologetic.

he also said that devaluation stops CAD and increase export and also decrease import so did that happen?

 

[Pandora]

I think you need to hear him again.

He started forecasting 4+% GDP growth back in December 2020 when official government estimate were around 2.5%. Final government statistics were not released till May 2021.

Government estimated for wheat crop was 25 million metric tons in 2020-21, and he said back in Dec-Jan that wheat crop would smash those estimates.

In the latest video that I posted (at 9:10 mark) , he mentions government estimate of 2.2% of crop growth for year 2021-22 and then he gives own estimates of 5+% growth which is more than twice that of government's estimates. And he says that out loud & clear without munching his words or being apologetic.

At the end of day it is always data analysis so it could go either way. Agri sector has always been prone to environmental factors. More rain this year have also caused damage to crops so let see what happens.

 

[Crimson Blue]

he also said that devaluation stops CAD and increase export and also decrease import so did that happen?

Share the link where he said that.
I want to listen or read the whole thing to make sure you are not cherry picking his comments to support your own narrative.