Pakistan Economy : Updates and Discussions

Pakistani lawmaker proposes export of stray dogs to China, Philippines

515382_5233989_stray-dogs_updates.jpg


KARACHI: Expressing concerns over the recent surge in cases of rabies in the country, a recommendation entailing export of stray dogs to China and Philippines was presented before the Sindh Assembly by Speaker Agha Siraj Durrani.

The recommendation came in light of a resolution filed by Pakistan Tehreek-e-Insaf (PTI) legislator Dr Seema Zia based on the alarming rise of rabies' cases in the country which was unanimously approved by the provincial members of the government and opposition.

Zia stated there exists a deficit of anti-rabies vaccines in hospitals.

PTI member Zaman highlighted how Sindh government had earlier vowed to introduce vaccines to curb the reproduction of dogs, however none of that has been implemented as yet.

Zaman went on to state Karachi alone has around 100,000 stray dogs at present.

Taking the resolution of exporting dogs to China and Philippines into consideration, Provincial Minister of Sindh for Health Dr. Azra Pechuho said that the number of rabies cases reported in the entire province is 59, and that the government is already working on introducing anti-rabies vaccines.

Pakistani lawmaker proposes export of stray dogs to China, Philippines
 
Gautam said:
Pakistani lawmaker proposes export of stray dogs to China, Philippines

515382_5233989_stray-dogs_updates.jpg


KARACHI: Expressing concerns over the recent surge in cases of rabies in the country, a recommendation entailing export of stray dogs to China and Philippines was presented before the Sindh Assembly by Speaker Agha Siraj Durrani.

The recommendation came in light of a resolution filed by Pakistan Tehreek-e-Insaf (PTI) legislator Dr Seema Zia based on the alarming rise of rabies' cases in the country which was unanimously approved by the provincial members of the government and opposition.

Zia stated there exists a deficit of anti-rabies vaccines in hospitals.

PTI member Zaman highlighted how Sindh government had earlier vowed to introduce vaccines to curb the reproduction of dogs, however none of that has been implemented as yet.

Zaman went on to state Karachi alone has around 100,000 stray dogs at present.

Taking the resolution of exporting dogs to China and Philippines into consideration, Provincial Minister of Sindh for Health Dr. Azra Pechuho said that the number of rabies cases reported in the entire province is 59, and that the government is already working on introducing anti-rabies vaccines.

Pakistani lawmaker proposes export of stray dogs to China, Philippines
Click to expand...
So after donkeys, its dogs. Acha hai.
 
Just one magazine allowed, freeze on govt jobs in Pak PM’s austerity drive

Tldr :
  • There will be a complete ban on purchase of all types of vehicles (excluding motorcycles) both for current as well as development expenditure.
  • Creation of new posts will be banned except those required for development projects and approved by the competent authority.
  • Entitlement of periodical, magazines, newspapers etc of entitled officers will remain restricted to only one.
  • Principal Accounting Officers (PAOs) will ensure rationalised utility consumption i.e. electricity, gas, telephone, water etc and the expenditure on purchase of assets, repair & maintenance and other operational expenditure shall be kept at bare minimum level while remaining within the budgetary allocation for the financial year.
  • Two sides of paper shall be used in all official communications.
 
Gautam said:
Just one magazine allowed, freeze on govt jobs in Pak PM’s austerity drive

Tldr :
  • There will be a complete ban on purchase of all types of vehicles (excluding motorcycles) both for current as well as development expenditure.
  • Creation of new posts will be banned except those required for development projects and approved by the competent authority.
  • Entitlement of periodical, magazines, newspapers etc of entitled officers will remain restricted to only one.
  • Principal Accounting Officers (PAOs) will ensure rationalised utility consumption i.e. electricity, gas, telephone, water etc and the expenditure on purchase of assets, repair & maintenance and other operational expenditure shall be kept at bare minimum level while remaining within the budgetary allocation for the financial year.
  • Two sides of paper shall be used in all official communications.
Click to expand...
Soon the al bakistanis will eat grass too and make more islami atoomi bamb!;
 
Gautam said:
Just one magazine allowed, freeze on govt jobs in Pak PM’s austerity drive

Tldr :
  • There will be a complete ban on purchase of all types of vehicles (excluding motorcycles) both for current as well as development expenditure.
  • Creation of new posts will be banned except those required for development projects and approved by the competent authority.
  • Entitlement of periodical, magazines, newspapers etc of entitled officers will remain restricted to only one.
  • Principal Accounting Officers (PAOs) will ensure rationalised utility consumption i.e. electricity, gas, telephone, water etc and the expenditure on purchase of assets, repair & maintenance and other operational expenditure shall be kept at bare minimum level while remaining within the budgetary allocation for the financial year.
  • Two sides of paper shall be used in all official communications.
Click to expand...
They must have realized they are not going to get out of FATF greylist or worse might get blacklisted. IMF isn't going to provide them any further loan recommendations if they stay in greylist after next month. Might even cancel the 6 billion they plan to give and take back as an interest to previous loans this October ( will not happen as the US will dangle it as a carrot for its negotiation with Taliban). China and GCC are not going to provide any more deferred payments they are in a shit hole themselves.
 
Paro said:
They must have realized they are not going to get out of FATF greylist or worse might get blacklisted. IMF isn't going to provide them any further loan recommendations if they stay in greylist after next month. Might even cancel the 6 billion they plan to give and take back as an interest to previous loans this October ( will not happen as the US will dangle it as a carrot for its negotiation with Taliban). China and GCC are not going to provide any more deferred payments they are in a shit hole themselves.
Click to expand...
Not sure what good printing both sides of the paper will do in this precarious economic situation. I still think the Chinese will keep the taps running. After all the Chinese have more at stake than the IMF.
 
Gautam said:
Not sure what good printing both sides of the paper will do in this precarious economic situation. I still think the Chinese will keep the taps running. After all the Chinese have more at stake than the IMF.
Click to expand...
They auctioned 8 buffalos to fill the foreign exchange coffers so printing both sides of the paper is not a big deal. It's all optics showing they are not sitting idle and doing something.

China will close the tap soon and regroup, most of the CPEC projects are on hold. The A370 issue and India taking a stance on POK has definitely rattled the usefulness of cpec. Its core purpose is compromised now that India has declared it will integrate POK into itself one way or another. Cpec would have been an alternate route in case of a war in SCS or straits being blocked but in such a scenario now there is no guarantee India won't jump into the conflict and grab POK. After all, that's how china grabbed Aksai Chin during the Cuban missile crisis.

Chinas major focus would be to negotiate a border settlement with India first. It would rather negotiate cpec with India than work with Pakistan and lose its access after India jumps in. Mr 11's visit will make things more clear. Chinas rhetoric has already calmed down in preparation for the meet.
 
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Pakistan economic crisis: Country's debts, liabilities exceed the size of its GDP

WION Web Team
New Delhi
Aug 25, 2019, 06.47 PM(IST)
73115-Untitled%20design%20%284%29.jpg

File photo: Pakistan PM Imran Khan. Photograph(AFP)

Story highlights : Imran Khan had stated that he would like to reduce the total debt and liabilities from 30 trillion Pakistani rupees to 20 million Pakistani rupees. But exactly, the opposite of this has happened.


A report by the State Bank of Pakistan has thrown up some very worrying numbers for the Imran khan government.

It's been a year since Imran Khan stormed to power promising 'Naya Pakistan'.

But the economy continues to remain in doldrums, and according to experts, it is only getting worse.

In the latest report by the State Bank of Pakistan, for the first time in twenty years, the total debt and liabilities of Pakistan have exceeded the size of its economy.

Pakistan's debt and liability have peaked to a record of 40.2 trillion Pakistani rupees, which is the equivalent of $ 256 billion.

This is a sharp increase of over 34% in just the last 1 year that Imran khan has been in charge.

At the time when Imran khan had taken charge, the total debt and liabilities of Pakistan hovered around 30 trillion Pakistani rupees, which was roughly $191 billion.

The last time, when the Pakistani economy was in such dire straits was in the year 2000.

In the month of march earlier in the year, Imran Khan had stated that he would like to reduce the total debt and liabilities from 30 trillion Pakistani rupees to 20 million Pakistani rupees. But exactly, the opposite of this has happened.

Due to the China–Pakistan Economic Corridor (CPEC) project, and increasing investments by china, Pakistan has been in the grip of a debt crisis for almost over a decade.

All through his campaigning, Imran khan had trained his guns on Nawaz Sharif and the PML(N) for getting Pakistan into the debt trap.

Imran Khan made all the right noises and started his tenure by auctioning off fancy government cars and buffaloes as an austerity measure

he also has made regular visits to Saudi Arabia, United Arab Emirates, china etc to get investments into his country.

Saudi Arabia has promised $20 billion, the United Arab Emirates has promised $6.2 billion, while Malaysia has promised $900 million of investments into Pakistan.

But none of this has made any improvements into the dwindling finances of Pakistan.

To stress on his point, Imran khan has today tweeted a video of the Nathia Gali rest house which he claims was earlier a symbol of colonialism, which cost the Pakistani exchequer crores of rupees to maintain, has now been turned into a source of income for the people of Pakistan. It has now been turned into a hotel.

نوآبادیات کی یہ نشانیاں جن کی دیکھ بھال کیلئے ٹیکس کے پیسوں سے سالانہ کروڑوں کے اخراجات اٹھتے، اب حکومت کیلئے آمدن کا ذریعہ بنیں گے۔ pic.twitter.com/BYR2DqJdVv​
— Imran Khan (@ImranKhanPTI) August 25, 2019​
Imran Khan's tenure has been high on rhetoric, and catchy slogans such as 'Naya Pakistan'. But on the ground for the common people, there has been no economic turnaround. Galloping inflation of essential food items has hit the common man pretty hard.

On the international front, Pakistan has accepted another bailout package of $ 6 billion from the IMF on terms which demand more austerity.

While the FATF in its plenary session in October will be meeting to decide if Pakistan should be downgraded to the blacklist.

Pakistan economic crisis: Country's debts, liabilities exceed the size of its GDP
 
Gautam said:
Pakistan economic crisis: Country's debts, liabilities exceed the size of its GDP

WION Web Team
New Delhi
Aug 25, 2019, 06.47 PM(IST)
73115-Untitled%20design%20%284%29.jpg

File photo: Pakistan PM Imran Khan. Photograph(AFP)

Story highlights : Imran Khan had stated that he would like to reduce the total debt and liabilities from 30 trillion Pakistani rupees to 20 million Pakistani rupees. But exactly, the opposite of this has happened.


A report by the State Bank of Pakistan has thrown up some very worrying numbers for the Imran khan government.

It's been a year since Imran Khan stormed to power promising 'Naya Pakistan'.

But the economy continues to remain in doldrums, and according to experts, it is only getting worse.

In the latest report by the State Bank of Pakistan, for the first time in twenty years, the total debt and liabilities of Pakistan have exceeded the size of its economy.

Pakistan's debt and liability have peaked to a record of 40.2 trillion Pakistani rupees, which is the equivalent of $ 256 billion.

This is a sharp increase of over 34% in just the last 1 year that Imran khan has been in charge.

At the time when Imran khan had taken charge, the total debt and liabilities of Pakistan hovered around 30 trillion Pakistani rupees, which was roughly $191 billion.

The last time, when the Pakistani economy was in such dire straits was in the year 2000.

In the month of march earlier in the year, Imran Khan had stated that he would like to reduce the total debt and liabilities from 30 trillion Pakistani rupees to 20 million Pakistani rupees. But exactly, the opposite of this has happened.

Due to the China–Pakistan Economic Corridor (CPEC) project, and increasing investments by china, Pakistan has been in the grip of a debt crisis for almost over a decade.

All through his campaigning, Imran khan had trained his guns on Nawaz Sharif and the PML(N) for getting Pakistan into the debt trap.

Imran Khan made all the right noises and started his tenure by auctioning off fancy government cars and buffaloes as an austerity measure

he also has made regular visits to Saudi Arabia, United Arab Emirates, china etc to get investments into his country.

Saudi Arabia has promised $20 billion, the United Arab Emirates has promised $6.2 billion, while Malaysia has promised $900 million of investments into Pakistan.

But none of this has made any improvements into the dwindling finances of Pakistan.

To stress on his point, Imran khan has today tweeted a video of the Nathia Gali rest house which he claims was earlier a symbol of colonialism, which cost the Pakistani exchequer crores of rupees to maintain, has now been turned into a source of income for the people of Pakistan. It has now been turned into a hotel.

نوآبادیات کی یہ نشانیاں جن کی دیکھ بھال کیلئے ٹیکس کے پیسوں سے سالانہ کروڑوں کے اخراجات اٹھتے، اب حکومت کیلئے آمدن کا ذریعہ بنیں گے۔ pic.twitter.com/BYR2DqJdVv​

— Imran Khan (@ImranKhanPTI) August 25, 2019​
Imran Khan's tenure has been high on rhetoric, and catchy slogans such as 'Naya Pakistan'. But on the ground for the common people, there has been no economic turnaround. Galloping inflation of essential food items has hit the common man pretty hard.

On the international front, Pakistan has accepted another bailout package of $ 6 billion from the IMF on terms which demand more austerity.

While the FATF in its plenary session in October will be meeting to decide if Pakistan should be downgraded to the blacklist.

Pakistan economic crisis: Country's debts, liabilities exceed the size of its GDP
Click to expand...
War on terror and invasion of Afghanistan saved Pakistan in 2001 but who will save them now?????Arabs are also reluctant to invest , Chinese wont give any freebies , Americans have no interest in stable Pakistan
 
OPINION: Why Pakistan is heading towards implosion

Justice Katju argues Pakistan's economy has collapsed, insurgency is brewing

By Markandey Katju August 31, 2019 12:17 IST
pak-karachi-protest-afp.jpg

Demonstrators shout slogans during an anti-India protest rally in Karachi | AFP

Pakistan's economy has collapsed. It is like a patient on a ventilator, surviving by a heart-lung machine called international borrowing. Recently, Pakistan went with a begging bowl to the IMF, which granted it $6 billion, but most of this money will go to service its earlier loans of over $106 billion and partly cover its budget deficit.

This situation is like that of the broke French monarchy under King Louis XVI, which kept borrowing money from Dutch bankers until these bankers stopped giving loans, realising they will never get their money back, and the result was the French Revolution of 1789.

Unemployment, which was already massive, has now reached record highs as the Pakistan economy is in the doldrums, and poverty has increased. GDP growth fell almost 50 per cent, from 6.2 per cent to 3.4 per cent in the last year, and is expected to go down further to 2.4 per cent next year. Inflation is at an all-time high. Prices of petrol, gas cylinders, food items, electricity and other items have risen sky-high.

The Pakistan rupee has lost 1/5th of its value against the dollar since last year. Servicing the national debt eats up 30 per cent of the budget, while the military eats up another 25 per cent. Taxes, in the form of indirect taxes, fall mainly on the poor people, while the rich find it cheaper to bribe the tax officials rather than pay tax. This is reminiscent of the situation in France before the French Revolution when the tax burden fell mainly on the poor peasantry, while the rich aristocrats paid no tax.

Pakistan was created as an Islamic state, but one cannot eat Islam—one has to eat food, and to eat food one must have a job, which is getting more difficult to get every day. According to the National Nutrition Survey, 2018, by the Pakistan Health Ministry, over 50 per cent Pakistani families are not getting two meals a day to eat. Half of Pakistan's children are underweight and/or stunted, and do not get enough vitamins A and D. As much as 68 per cent are anaemic.

Pakistan can grow enough food for its people, but many people do not have the money to buy it, as business tycoons and powerful political families keep prices high. Medicines are made by multinational companies, which also keep prices high and often unaffordable by the masses.

In his election speeches, Prime Minister Imran Khan highlighted the high level of malnutrition, infant mortality and stunted growth of children in Sindh, and blamed the PPP for spending crores of rupees on cultural activities and none on these more important issues. However, Imran himself has done little to address these problems, and now he has sought to divert attention from the economic crisis, record unemployment and malnutrition in Pakistan.

Imran is pointing to developments in Kashmir, swearing he will give "eent ke jawaab mein patthar" to India, talking of atomic war and resorting to other gimmicks. Imran's recent call for a half-hour shutdown on Friday in Pakistan in support of Kashmiris and his speech in Islamabad on the same day reminded me of a line in Shakespeare's Macbeth: “It is a tale, told by an idiot, full of sound and fury, signifying nothing”.

I have already written in detail about the predatory Pakistan military, the real ruler of Pakistan, which has spread its tentacles into almost every sector of the Pakistan economy to benefit its officers. The Pakistan Army is a vampire sucking the blood of the poor Pakistani people, and the American mafia would pale in comparison. The generals, many of whom are billionaires, justify their loot by peddling the idea that the Pakistan Army is the sole bastion and saviour of the Islamic Republic against its mortal enemy India, and hence it must be rewarded for its 'patriotic duty' by giving huge privileges and perks (a euphemism for loot and rapine).

But how long will the Pakistan people be deceived? No doubt, most Pakistanis are scared of the Army as it has the gun (“All power flows from the barrel of a gun,” as Mao said), but already, there are sounds of rumbling against it in Balochistan, Sindh, Khyber Pakhtunwa and Gilgit-Baltistan, which is bound to develop into a full-blown insurgency as the economic crisis intensifies.

Pakistan, which was artificially created in 1947 by that historical British swindle called Partition on the basis of the bogus two-nation theory, is bound to implode.

Justice Markandey Katju retired from the Supreme Court in 2011
The opinions expressed in this article are those of the author's and do not purport to reflect the opinions or views of THE WEEK

OPINION: Why Pakistan is heading towards implosion
 
FATF sets new targets for Pakistan to check terror financing, asks Islamabad to monitor sale of jewellery, prize bonds

Press Trust of India
Sep 01, 2019 23:27:09 IST

Representational image. Reuters

  • The Financial Action Task Force (FATF) has set new targets for Pakistan to check terror financing and asked it to monitor the sale of jewelry and prize bonds
  • State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and other agencies would record details of the monetary deals, including telecom banking
  • Terrorists accessing prize bonds and transferring money through phone banking has been hit, sources said

Islamabad: The Financial Action Task Force (FATF) has set new targets for Pakistan to check terror financing and asked it to monitor the sale of jewellery and prize bonds in this regard, according to a media report on Saturday.

State Bank of Pakistan, Federal Board of Revenue, Securities and Exchange Commission of Pakistan, Federal Investigation Agency and National Counter Terrorism Authority would record details of the monetary deals, including telecom banking, reported Dunya News.

The state banks' monitoring unit will have to provide data of prize bond owners.

Terrorists accessing prize bonds and transferring money through phone banking has been hit, sources told the news network. The sources said welfare organisations would also be monitored at the federal and provincial levels.

The FATF last year placed Pakistan on the grey list of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terror-financing.

In June, the FATF said that Pakistan had failed to complete its action plan on terror financing. The Paris-based anti-money laundering watchdog warned Islamabad to meet its commitment by October or face action, which could possibly lead to the country getting blacklisted.

FATF sets new targets for Pakistan to check terror financing, asks Islamabad to monitor sale of jewellery, prize bonds - Firstpost
 
The Kashmir distraction could not have come at a more opputune time for Imran Khan govt which is struggling to come with answers to Pakistan's economic woes. Thanks to Modi's August 5th move, Kashmir is the only thng that is be discussed and debated, from their news rooms to chai shop corners. To a lesser extent the same can be said about Modi govt. If one were to wear the conspiracy hat, this may explain why Imran khan welcomed the possible return of the Modi govt.
 
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