arifkarim
Prime Minister (20k+ posts)
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مئی جون ۲۰۲۱ تک معیشت ٹھیک جا رہی تھی، ڈاکٹر اشفاق حسن
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arifkarim
Prime Minister (20k+ posts)
miafridi
Prime Minister (20k+ posts)
He is wrong and being irrational in his analysis and there are several reasons for me to say this.
1- First he says that it was unnatural that the dollar value was going down to almost 152 but the reserves were improving and reached to $20B from $17B. He is ignoring the fact that Pakistan's reserves did not improve because of dollar buying from the market(dollar buying from market decreases dollars in the market thus its value increases), but reserves improved because of loans and corona fund from IMF and world bank. So he is completely wrong here.
2- He is saying that when he was in finance in 1998 Pakistan's reserves were $400 million, but now the reserves are $20B so Pakistan is in much better position now then it was back then. This is again wrong because he is ignoring the fact that our current reserves are entirely based on loans and our net reserves are in negative by many Billion dollars, so positive $400 million was still better than anything negative.
3- He says that the global prices shouldn't have such a drastic effect on our currency. Again wrong because we are a net import country and the surge in prices of our imports mean either we have to throw similar amount of dollars into the market, which we don't have, or let the currency take the shocks.
So all in all his analysis is so wrong that it stopped me wasting my time any further on watching/listening him after only a few minutes. I am amazed how he is called an expert on economy.
1- First he says that it was unnatural that the dollar value was going down to almost 152 but the reserves were improving and reached to $20B from $17B. He is ignoring the fact that Pakistan's reserves did not improve because of dollar buying from the market(dollar buying from market decreases dollars in the market thus its value increases), but reserves improved because of loans and corona fund from IMF and world bank. So he is completely wrong here.
2- He is saying that when he was in finance in 1998 Pakistan's reserves were $400 million, but now the reserves are $20B so Pakistan is in much better position now then it was back then. This is again wrong because he is ignoring the fact that our current reserves are entirely based on loans and our net reserves are in negative by many Billion dollars, so positive $400 million was still better than anything negative.
3- He says that the global prices shouldn't have such a drastic effect on our currency. Again wrong because we are a net import country and the surge in prices of our imports mean either we have to throw similar amount of dollars into the market, which we don't have, or let the currency take the shocks.
So all in all his analysis is so wrong that it stopped me wasting my time any further on watching/listening him after only a few minutes. I am amazed how he is called an expert on economy.
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miafridi
Prime Minister (20k+ posts)
arifkarim
I think I already provided you with a rational analysis just a couple of days ago. That how a 22% increase in international commodity/fuel prices in First Half of FY22 meant that our monthly import bill crossed $7.5B instead of remaining under a manageable level of $5.5B. Shaukat Tarin had nothing to do with it, if the data is to be believed.
Here is the link of that comment.
https://siasat.pk/forums/threads/gd...r-itself-ishaq-dar.809714/page-3#post-6330863
KhanSuppporter
Minister (2k+ posts)
This guy sounds genuine.
miafridi
Prime Minister (20k+ posts)
He doesn't even look like a newbie in economics if this is the level of his understanding about current economic condition of Pakistan. Just look at my answer above please.
Digital_Pakistani
Chief Minister (5k+ posts)
By the way I skipped the video by only watching the body language of this doctor he seems anxious/stressed.
FahadBhatti
Chief Minister (5k+ posts)
So what wrong decisions did shaukat tareen make?
If i am not wrong the decision to reduce import duty on raw material was made in december 2020.
Increased freight charges and oil prices has nothing to do with shaukat tareen. Which decisions did actually affect the economy and how could it have been avoided?
If i am not wrong the decision to reduce import duty on raw material was made in december 2020.
Increased freight charges and oil prices has nothing to do with shaukat tareen. Which decisions did actually affect the economy and how could it have been avoided?
When Hafeez Shaikh was finance minister he had been blaming him as an agent of IMF. He has been continually barking at State Bank Governor for his monitory policy and marking him as an incompetent person. He should have looked into profile of Dr. Baqir. The economic mess which PMLN left behind, would take some time to fix the economy. In one of the programs, he was arguing Pakistan should not approach IMF. On asking what alternatives are available, he denied explaining on air. It is just a wastage of time to listen to this nonsense. It is normal practice for every economist to criticize Govt. policies but not explain the strategy of how to come out of this mess.
The Sane
Chief Minister (5k+ posts)
اور پھر جون میں عمران خان نے اس کی جگہ شوکت ترین کو وزیرِ خزانہ بنا دیا
Negative interest rate, give subsidy on import and losing fiscal policy that is why Imf program delayed and now back to 2018 with BOP crisis and passing anything imf wants.
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zaheer2003
Chief Minister (5k+ posts)
We are down always due to more dollar spending and less earning. (Import & Export)
Once we fixed it we ll not be needed loans anymore and economy ll stay on positive side
Landmark
Minister (2k+ posts)
arifkarim
Prime Minister (20k+ posts)
ہمارے ملک کا حال اس خوبصورت گاڈی کی طرع تھا پہر ایک کھوتے کو گاڈی چلانے کا شوق ہوا
