IMF Expects Pakistan Growth to Pick Up in ‘Medium Term’

[Bilal Raza]

اسلام آباد: (دنیا نیوز) ڈپٹی ڈائریکٹر آئی ایم ایف جیائن ماریہ نے کہا ہے کہ سخت فیصلوں سے معیشت سست روی کا شکار ہے، سرمایا کاروں کے اعتماد میں اضافہ ہو رہا ہے، ایکسچینج ریٹ درست معاشی کارکردگی کی عکاسی کر رہا ہے۔

ڈپٹی ڈائریکٹر آئی ایم ایف جیائن ماریہ نے پاکستان کی معیشت پر تبصرہ کرتے ہوئے کہا ٹیکس آمدنی میں اضافہ ہو رہا ہے، بہت سے چیلنجز معیشت کو درپیش ہیں، جلد معاشی ترقی کی رفتار میں اضافے کا امکان ہے، عوام کی حالت بہترکرنے کے لئے معاشی ترقی میں اضافہ ضروری ہے۔

جیائن ماریہ کا کہنا تھا خام تیل کی قیمتوں میں ردبدل کے اثرات معیشت پر آئیں گے، عالمی سطح پر سیاسی اور تجارتی جنگ صںعتی شعبے پر اثرانداز ہوگی، عالمی سطح پر بدلتی صورتحال کے برآمدات پر بھی اثرات ہونگے۔​

ایکسچینج ریٹ درست معاشی کارکردگی کی عکاسی کر رہا ہے: آئی ایم ایف

اسلام آباد: (دنیا نیوز) ڈپٹی ڈائریکٹر آئی ایم ایف جیائن ماریہ نے کہا ہے کہ سخت فیصلوں سے معیشت سست روی کا شکار ہے، سرمایا کاروں کے اعتماد میں اضافہ ہو رہا ہے، ایکسچینج ریٹ درست معاشی کارکردگی کی عکاسی کر رہا ہے۔

urdu.dunyanews.tv

Revealing World Economic Outlook, global fund official predicts compressed domestic demand during period of fiscal adjustment

The International Monetary Fund hopes for notable economic growth in Pakistan over “the medium term,” but expects declines in the short term.

Speaking to journalists at a press conference on the World Economic Outlook, the global fund’s deputy director of the Research Department, Gian Maria Milesi‑Ferretti, noted that Islamabad had started implementing an “ambitious” program with the IMF. “The deficit over the last year has exceeded expectations. Fortunately, this has been the case mostly for one‑off reasons, and tax revenues are picking up notably,” he said. During this period of fiscal adjustment, he said, domestic demand would be compressed, adding growth rate forecast was 3.3% for 2019 and is only 2.4% for 2020.

However, Milesi-Ferretti said that there were “good signs” for the future, specifically pointing to increased demand for the Pakistani rupee by foreign investors due to an exchange rate that more accurately reflects actual economic conditions. “Challenges remain, of course. It is a set of macroeconomic imbalances that needs to be addressed.

There are uncertainties,” he said, citing the ongoing tensions with New Delhi over India-held Kashmir and oil prices. “Pakistan is a large oil importer and, hence, very sensitive to what happens to oil prices,” he said, adding neither India and Pakistan were immune to global geopolitical tensions and to trade tensions “that can take a toll on their manufacturing activity and demand for their exports.”

IMF Expects Pakistan Growth to Pick Up in ‘Medium Term’ – Newsweek Pakistan

www.newsweekpakistan.com

 

[shujauddin]

you are a very stupid person. What is good for IMF is not good for Pakistan. IMF will be very happy if u lower your currency further and say if in the future u make 1 USD = 200 PKK, they will probably give u a gold medal and stupids like u will start celebrating happy birthdays !

 

[syf277]

you are a very stupid person. What is good for IMF is not good for Pakistan. IMF will be very happy if u lower your currency further and say if in the future u make 1 USD = 200 PKK, they will probably give u a gold medal and stupids like u will start celebrating happy birthdays !

so tell me where you studied economics,
forget that i think i know that you and a few other arseholes graduated from Dar's school of economics.

 

[Eyeaan]

you are a very stupid person. What is good for IMF is not good for Pakistan. IMF will be very happy if u lower your currency further and say if in the future u make 1 USD = 200 PKK, they will probably give u a gold medal and stupids like u will start celebrating happy birthdays !

You are without doubt the most intelligent person ever born. Where were you in the last 70 years? Perhaps you and other like you were running the country and had put economy at the top. I'll beg government to appoint you as head of the economic team.
Burn IMF and kill all officials. Let's get rid of Capitalism - But how? What is your roadmap.?

Anyway that's for the future -- but please in the meanwhile let us know about your opinion about the Dar's handling of the currency value. Did that help? What is the real worth of a currency in today's economic system, if any? How can we calculate it?
We are sick and tired of polemics and verbose; please teach us something substantial - if there is any .

 

[shujauddin]

Youthia economics in action here. Just to wrap up the discussion and scoot out :

"Sovereign countries do not devalue their currencies to please IMF. National interest should stay on top. India, Bangladesh and even Afghanistan has now a stronger current than Pakistan's Rupee.

 

[Eyeaan]

Youthia economics in action here. Just to wrap up the discussion and scoot out :

"Sovereign countries do not devalue their currencies to please IMF. National interest should stay on top. India, Bangladesh and even Afghanistan has now a stronger current than Pakistan's Rupee.

Major drop in currency value was way prior to the agreement with IMF in the early 2018. It was consistently predicted by economists in late 2016 and 2017 -- even in 2015. outlook was the same by local and foregn experts
It is you who have brought IMF into the equation while it were the faulty policy of Dar that eventually failed, resulted in huge unsustainable CAD, huge imports, quick depletion of reserves and an eventual bankruptcy.

Leave aside the bogie of IMF - that's an unrelated issue but for some feeble and "homemade" Pseudo intellectuals.
Discuss what policies led to this situation; what were the solutions available, what were the alternatives and more importantly "What is worth of a currency - in your so highly respected opinion? Does the change in currency worth increases or decreases the debt burden in real value - foreign or domestic? If real debt could ever be affected in this manner - everyone could payback debts by raising the value!!!!
And while you are so keen about IMF - would you enlighten us how currency affects IMF debt' guarantees?
Never forget about all assets of the country (including roads and airports) were pledged by DAR -- just to keep the value stable (however the real worth in the markets has its own mechanism beyond the manipulations)
I also dislike IMF debts but current value decreases and situation that led to this are NOT fault of IMF. IMF loans try to affects in spending priorities, interest rates besides some other problems

 

[shujauddin]

Major drop in currency value was way prior to the agreement with IMF in the early 2018. It was consistently predicted by economists in late 2016 and 2017 -- even in 2015. outlook was the same by local and foregn experts
It is you who have brought IMF into the equation while it were the faulty policy of Dar that eventually failed, resulted in huge unsustainable CAD, huge imports, quick depletion of reserves and an eventual bankruptcy.

Leave aside the bogie of IMF - that's an unrelated issue but for some feeble and "homemade" Pseudo intellectuals.
Discuss what policies led to this situation; what were the solutions available, what were the alternatives and more importantly "What is worth of a currency - in your so highly respected opinion? Does the change in currency worth increases or decreases the debt burden in real value - foreign or domestic? If real debt could ever be affected in this manner - everyone could payback debts by raising the value!!!!
And while you are so keen about IMF - would you enlighten us how currency affects IMF debt' guarantees?
Never forget about all assets of the country (including roads and airports) were pledged by DAR -- just to keep the value stable (however the real worth in the markets has its own mechanism beyond the manipulations)
I also dislike IMF debts but current value decreases and situation that led to this are NOT fault of IMF. IMF loans try to affects in spending priorities, interest rates besides some other problems

Bogus and all based on fallacies - a good way to put blame on your predecessors . If that was the case then this should have happened in their rule. The depreciation of Pakistani Rupees during the current Government is phenomenal and unprecedented. Not even the most so called corrupt rulers did what Imran has done in just an year - a total economic disaster in the making. Wait and see...when the dollar hits 200 !

 

[Eyeaan]

Bogus and all based on fallacies - a good way to put blame on your predecessors . If that was the case then this should have happened in their rule. The depreciation of Pakistani Rupees during the current Government is phenomenal and unprecedented. Not even the most so called corrupt rulers did what Imran has done in just an year - a total economic disaster in the making. Wait and see...when the dollar hits 200 !

You wont address the questions and timings because you are not ready to accept the problems! Denial. Perhaps your aim is criticism and blames for PMIK by raising IMF bogie- well and good - a wise n noble political agenda . However there is no need to pose for some higher soul and an expert of economics to do so.

IMO the economy is stabilizing now and yet it will take more time; rupee wont drop further and after some time we'll see positive results of restructuring and reforms. That's PMIK's honesty that he took hard measures regardless of immediate political cost for sustainable economic growth and future.
But you wont ever agree So wait and see ... none of your predictions of doom and gloom will be right.

 

[Sonya Khan]

Bogus and all based on fallacies - a good way to put blame on your predecessors . If that was the case then this should have happened in their rule. The depreciation of Pakistani Rupees during the current Government is phenomenal and unprecedented. Not even the most so called corrupt rulers did what Imran has done in just an year - a total economic disaster in the making. Wait and see...when the dollar hits 200 !

Nawaz Sharif regime reduced exports of Pakistan even below then PPP era ..... If economy was so robust plz explain this anomaly ......

 

[shujauddin]

Nawaz Sharif regime reduced exports of Pakistan even below then PPP era ..... If economy was so robust plz explain this anomaly ......

Pakistan has no major export that can benefit from lowering your currency exchange rate. Grow up kid. You do not have a market share in any major trade commodities. The least you could do is keep your currency stable and do not lower it by taking dictation from IMF. Makes Sense?