Congratulations Maamu. I suppose asking for the particulars of what constitutes the break up in that 2 billion USD would be viewed by you as personal abuse. @safriz
Pakistan Economy : Updates and Discussions
- Thread starter randomradio
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Smartphone Export: Pakistan becomes smartphone exporter, first-ever 'Manufactured in Pakistan' devices hit global market
Pakistan has become an exporter of smartphones by sending first-ever shipment tagged 'Manufactured in Pakistan' to the UAE.
Apart from design build of the JF-17 , the Al Khalid , submarines to be built , the N bomb & various other ground breaking inventions , Paxtan is also in the forefront of innovation . Here are some of the unicorns with their products for which IPRs have either been filed or obtained.
Maamu , I'm essentially doing what you're supposed to be doing out here i.e - be a brand ambassador for Paxtan . @safriz
External debt, liabilities hit historic high of $122bn
KARACHI: Pakistan’s external debt and liabilities continued to grow and reached the historic level of $122 billion...
www.brecorder.com
MSCI downgrades Pakistan to 'frontier market' after four years
The decision has been expected since Pakistan started falling below the MSCI's criteria in terms of size and liquidity after its promotion to an emerging market in 2017
Pakistan is not a normal state so doesn’t need a formal economy.
Its foundation is based on Jihad and its military’s (Army to be precise) official moto is Jihad Sabilullah (or something like that which means waging religious/holy war against kuffers).
Its economy can be considered as Jihad economy. Afghanistan(and Pashtuns in General) is/was an excellent selling point for Pak to get hired to wage Jihad (with definitions changing as per the requirements by its military).
Just yesterday saw the 9/11 documentary launched on 9/11 on Apple TV, and the Junior Bush talking about going after those harbouring Al Quieda. Guess where the Chief of AQ was found hiding ?@Safriz.
What more ironic was that instead of punishing it for supporting AQ, Bush gave them F16 block 50s and thousands of AIMRAAMS and LGBs to bomb Pashtuns and Baloch villages in KPK and Balochistan.
In case of China, hatred to “Hindu-stan” is an excellent selling point.
That’s why I always admire their ability to sell themselves to their customers which they are doing excellently since many centuries. And I’m not taking any jibe on LaHore here ( which I believe was a misfortune of Women bourn in Punjab region) but to the fact that almost all Turko-Mongol, Afghan and Persian invaders almost always used Pashtun and half-Pashtun punjabi mercenaries first to burn Punjab and then to attack and loot further South.
Its foundation is based on Jihad and its military’s (Army to be precise) official moto is Jihad Sabilullah (or something like that which means waging religious/holy war against kuffers).
Its economy can be considered as Jihad economy. Afghanistan(and Pashtuns in General) is/was an excellent selling point for Pak to get hired to wage Jihad (with definitions changing as per the requirements by its military).
Just yesterday saw the 9/11 documentary launched on 9/11 on Apple TV, and the Junior Bush talking about going after those harbouring Al Quieda. Guess where the Chief of AQ was found hiding ?@Safriz.
What more ironic was that instead of punishing it for supporting AQ, Bush gave them F16 block 50s and thousands of AIMRAAMS and LGBs to bomb Pashtuns and Baloch villages in KPK and Balochistan.
In case of China, hatred to “Hindu-stan” is an excellent selling point.
That’s why I always admire their ability to sell themselves to their customers which they are doing excellently since many centuries. And I’m not taking any jibe on LaHore here ( which I believe was a misfortune of Women bourn in Punjab region) but to the fact that almost all Turko-Mongol, Afghan and Persian invaders almost always used Pashtun and half-Pashtun punjabi mercenaries first to burn Punjab and then to attack and loot further South.
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The Pakistanis were very happy when the US left Afghanistan. But they do not realise the pain is yet to begin for them. No US, no more aid, no more economic protection... And all the beardos from the ME are joining the party too.
Even the IMF's gonna get tired soon.
Is there any precedent for a county like what we have here?
What will happen if theoretically IMF will stop giving money ? And can IMF have any law (akin to bankruptcy laws) for dealing with countries like these?
BTW IMF loans are not even half of its total debt as per wiki “Pakistan owes US$11.3 billion to Paris Club, US$33.1 billion to multilateral donors, US$7.4 billion to International Monetary Fund, and US$12 billion to international bonds such as Eurobond, and sukuk”
And they’re taking loans from anyone who is willing to give it to them, like last year from Paris group just after they called for be heading of Macron and their routine IMF drips.
It’s just amazing how a population can survive so long feeding on others money, despite having a land called “Bread Basket” of the world.
Essentially what US have been doing is financing the weapon industry of China and that’s just moronic
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Pakistan is a simpleton economy that is not going to change much in the forseeable future.
Their debt needs are thus pretty straightforward....given their puny trade and overall financial intersection with rest of world to begin with.
How Pakistan makes this complicated is inserting extra ego-stupid on top...and getting addicted to brandishing a stick they think is big (given they are of small stature)....but actually quite small (since the world has both gotten lot bigger in that sense and also gotten desensitized to their antics).
IMF pressure and even chicom pressure (if you see why they dont just go to chicoms to replace IMF) will be something to watch this decade regarding how that will play out more specifically.
Time wise, Pakistanis are doing less and less (as a total) that is relevant to the world (that the world can provide/trade for)....that is big problem for them.
To understand economics, you have to understand people. That is so key. Think of the hours in a year multiplied by average relevance/quality of the citizen of some country.
Notes on Pakistan’s strategic autonomy
The economic dysfunction that defines Pakistan is not normal for a country in this geographical location, with this size population, and this proportion of its population below the age of 25. The...
www.thenews.com.pk
It's all fun and games until the bill comes in the mail.
$51.6 bn external financing required in two years
ISLAMABAD: Pakistan requires gross external financing of $51.6 billion within two-year period of the current fiscal year 2021-22 and next fiscal year 2022-23 in order to fulfill its needs.Without...
www.thenews.com.pk
November bombshell
In the days to come, they will find themselves rolling a lot of things back.
www.dawn.com
IT is here and it is blowing up on them massively now. The double tsunami of inflation and a rising trade deficit blew its bounds in the month of November and there are no indications yet that we have hit the peak. Faced with this situation, they are now increasingly wearing a haggard look and getting testy in their temperament. They have every reason to. The road ahead is a tough one, and the circumstances anything but conducive to decisive decision-making.