Pakistan's Debt and Exchange Rate and Reserves Handed Over By Previous Govt

[Okara]

Here are the calculations to understand

​	Musharraf Military Coup​	Yousuf Raza Gillani’s Oath​	Nawaz Shareef’s Oath​	Imran Khan’s Oath​	Today​
Date​	October 12, 1999​	March 25, 2008​	June 5, 2013​	August 18, 2018​	September 20, 2021​
Exchange Rate​	51.87​	62.65​	98.56​	124.02​	169.26​
Duration of Rule​	8.46​	5.20​	5.21​	3.09​	​
Total External Debt​	34.00​	44.00​	61.00​	98.00​	123.00​
Fed Exchange Reserves​	3​	11​	15​	15​	25​
CAD​	-1​	-4​	-1​	-6​	-2.4​
Reserves Handed Over​	2​	7​	14​	9​	22.6​
Devaluation Over the Time​	-20.78%​	-57.32%​	-25.83%​	-36.48%​	​
Devaluation Per Year​	-2.46%​	-11.02%​	-4.96%​	-11.79%​	​

Source of the above Data: https://tradingeconomics.com/ and https://www.xe.com

 

[Islamabadiya]

Here are the calculations to understand

​	Musharraf Military Coup​	Yousuf Raza Gillani’s Oath​	Nawaz Shareef’s Oath​	Imran Khan’s Oath​	Today​
Date​	October 12, 1999​	March 25, 2008​	June 5, 2013​	August 18, 2018​	September 20, 2021​
Exchange Rate​	51.87​	62.65​	98.56​	124.02​	169.26​
Duration of Rule​	8.46​	5.20​	5.21​	3.09​	​
Total External Debt​	34.00​	44.00​	61.00​	98.00​	123.00​
Fed Exchange Reserves​	3​	11​	15​	15​	25​
CAD​	-1​	-4​	-1​	-6​	-2.4​
Reserves Handed Over​	2​	7​	14​	9​	22.6​
Devaluation Over the Time​	-20.78%​	-57.32%​	-25.83%​	-36.48%​	​
Devaluation Per Year​	-2.46%​	-11.02%​	-4.96%​	-11.79%​	​

Source of the above Data: https://tradingeconomics.com/ and https://www.xe.com

2nd worst devaluation per year % and 2nd worst devaluation over time % ???

What are you trying to say ?

 

[Raiwind-Destroyer]

 

[arifkarim]

2nd worst devaluation per year % and 2nd worst devaluation over time % ???

What are you trying to say ?

Devaluation is a problem? Don't do unsustainable CAD, Patwari. In 2018 CAD was 6 percent of Gdp. And you blame Imran Khan for causing devaluation Khotay?

 

[Pakistan Space Agency]

You have to also remember Pakistani debt repayment was frozen in December 2001 with a 5 year grace period on some of the debt and 15 year grace period on the other amounts.

Pakistan - Paris Club Debt Rescheduled
13 December 2001

Club de Paris

clubdeparis.org

 

[concern_paki]

Nawaz mafia tenure was the worst

 

[Siberite]

Cha cha kion. I bet you 5 years from today, you still be trying to find the excuses of incompetence of this lota bus. Next time try even harder.

 

[Okara]

2nd worst devaluation per year % and 2nd worst devaluation over time % ???

What are you trying to say ?

If you will just look at the devaluation then the best is for PTI to utilize reserves to bring down dollar value.
What is ur opinion about the reserves left by each government for the next one?

 

[Okara]

Cha cha kion. I bet you 5 years from today, you still be trying to find the excuses of incompetence of this lota bus. Next time try even harder.

My dear Bhateejay or Bhateeji,
What is the solution?

 

[arifkarim]

Cha cha kion. I bet you 5 years from today, you still be trying to find the excuses of incompetence of this lota bus. Next time try even harder.

Incompetence? Like inability to print dollars Kuttay Patwari?

 

[arifkarim]

My dear Bhateejay or Bhateeji,
What is the solution?

Solution for Patwaris is to tap in foreign exchange reserves. Subsidize imports. Make everyone happy and roll over the mess to the next govt. This is what they want from every govt. Khana Puri

 

[Okara]

Solution for Patwaris is to tap in foreign exchange reserves. Subsidize imports. Make everyone happy and roll over the mess to the next govt. This is what they want from every govt. Khana Puri

Its not PMLN rather most of the people in the world are thinking in same way.
Like in Canada
The Debt of Canadian Government was USD 685.45B in 2019 and in 2020 it jumped to USD 721.36B. In one year the difference is USD 35.91B. Over all the debt of Canada jumped from USD 2.43Tr in 2019 to USD 3.0Tr now.
When a government is giving subsidy, people have to pay back through Taxes. More loans to give subsidy means more Taxes. Like if Government of Pakistan distributed Rs12K during Pandemic its not paid by IK from his pocket. This money will be cover from people.

 

[FahadBhatti]

What the current government is doing will be beneficial in long term. Exports will increase over time and CAD will remain in balance. Some people are worried about imports , the fact of the matter is that pakistan is importing machinery which in which in turn will help increase our exports. This is the price you pay , but what happened in previous era was cancer to our local industry and exports. We kept the exchange rate low and killed the local industry and exports expansion scope. We will inshaAllah see dramatic increase in our exports in coming years.

 

[FahadBhatti]

Its not PMLN rather most of the people in the world are thinking in same way.
Like in Canada
The Debt of Canadian Government was USD 685.45B in 2019 and in 2020 it jumped to USD 721.36B. In one year the difference is USD 35.91B. Over all the debt of Canada jumped from USD 2.43Tr in 2019 to USD 3.0Tr now.
When a government is giving subsidy, people have to pay back through Taxes. More loans to give subsidy means more Taxes. Like if Government of Pakistan distributed Rs12K during Pandemic its not paid by IK from his pocket. This money will be cover from people.

Thats why a strict tax regime is needed , no more haramkhori by the tajir baradri anymore.Put them in jail if needed.

 

[Okara]

Thats why a strict tax regime is needed , no more haramkhori by the tajir baradri anymore.Put them in jail if needed.

Pakistan's Total budget is nearly Rs 8.5Tr.
The current number of Tax payers is 2.9 millions out of 240 millions. This means 1.2% of Pakistani are in Tax net.
Tax collection of Pakistan is Rs 4.7 Tr. Lets assume half this is from direct Taxes.
Also the deficit is 8.5-4.7=Rs 3.8 Tr not sure from where to recover this money?
Avg Tax paid by a Taxpayer in Pakistan is around Rs810 Million.
For a country to sustain we need more Taxpayers with less Tax.

 

[Siberite]

My dear Bhateejay or Bhateeji,
What is the solution?

More criticism of PMLN .Since the incompetent can never solve the problems,cha cha ji.

 

[Haha]

جنکو یہ تو یاد ہے کہ نوازشریف کے دور میں چینی 62 روپے کلو تھی لیکن انکو یہ یاد نہیں کہ مشرف 27 روپے پر چھوڑ کر گیا تھا،
انکو یہ تو یاد ہے کہ ڈالر 130 کا نوازشریف چھوڑ کر گیا تھا لیکن یہ یاد نہیں کہ مشرف تو ڈالر 60 روپے پر چھوڑ کر گیا تھا،
انکو یہ تو یاد ہے کہ ملک پر قرضہ 95 ارب ڈالر پر نوازشریف چھوڑ کر گیا لیکن یہ یاد نہیں کہ مشرف 33 ارب ڈالر پر چھوڑ کرگیا تھا،
اگر ملک ترقی کررہا تھا تو چینی 62 روپے سے کم کرکے جاتے،
اگر ملک ترقی کررہا تھا تو ڈالر 60 سے کم کرکے جاتے،
اگر ملک ترقی کررہا تھا تو قرضہ 33 ارب ڈالر سے کم کرکے جاتے
جیسے عمران خان نے ملک کے قرضوں میں کمی لانا شروع کی ہے آپ عمران خان سے لاکھ اختلاف رکھیں لیکن آپ اس سے اچھا آپشن تلاش کریں اور اگر اپکی چوائیس وہی لوگ ہیں جنکی کارکردگی سامنے ہے آپکے
تو پھر یقین کریں آپ سے بڑا قوم و ملک کا غدار اور منافق کوئی نہیں اور آپ وراثتی ماحول کے ذہنی غلام ہیں.
اگر عمران اچھا نہیں تو کوئی نیا اور بہتر لیڈر لائیں پرانے آزمودہ چور پرانے آزمودہ خاندان پرانی آزمودہ سیاسی جماعتیں نہیں
کوئی نیا چہرہ کوئی نئی پارٹی

 

[Doom1111]

First of all FED reserve in PMLN highest was 24.65 billion dollar in 2016 October. Than you are comparing PMLN 5 years with PTI 3.2 years.

In term of CAD PMLN>>>>>>PTI How?

Comparison.
PMLN CAD 5 years

1st year 2.3 billion dollar

2nd year 2.5 billion dollar

3rd year 4.6 billion dollar

4th year 13 billion dollar

5th year 19.3 billion dollar

PTI CAD in 3.2 years

1) 1st year 13.5 billion dollar

2) 2nd year 4.4 billion dollar

3) 3rd Year 1.8 billion dollar

4) Expected (15-18 Billion dollar) and current in 2 months is 2.3 billion dollar CAD in just 2 months even after massive currency devaluation.

Coming to debt.

PMLN took 37 billion dollar in 5 years

PTI took 25 billion dollar in 3.2 years (Now with CAD and other things it will cross 35 billion just this FY)

In term of external performance both PMLN and PTI are worse and PTI is far worse.


The only thing PTI is done due to force of IMF is to bring currency to market base, which has given no benefit of export or even reduce imports.

 

[arifkarim]

جنکو یہ تو یاد ہے کہ نوازشریف کے دور میں چینی 62 روپے کلو تھی لیکن انکو یہ یاد نہیں کہ مشرف 27 روپے پر چھوڑ کر گیا تھا،
انکو یہ تو یاد ہے کہ ڈالر 130 کا نوازشریف چھوڑ کر گیا تھا لیکن یہ یاد نہیں کہ مشرف تو ڈالر 60 روپے پر چھوڑ کر گیا تھا،
انکو یہ تو یاد ہے کہ ملک پر قرضہ 95 ارب ڈالر پر نوازشریف چھوڑ کر گیا لیکن یہ یاد نہیں کہ مشرف 33 ارب ڈالر پر چھوڑ کرگیا تھا،
اگر ملک ترقی کررہا تھا تو چینی 62 روپے سے کم کرکے جاتے،
اگر ملک ترقی کررہا تھا تو ڈالر 60 سے کم کرکے جاتے،
اگر ملک ترقی کررہا تھا تو قرضہ 33 ارب ڈالر سے کم کرکے جاتے
جیسے عمران خان نے ملک کے قرضوں میں کمی لانا شروع کی ہے آپ عمران خان سے لاکھ اختلاف رکھیں لیکن آپ اس سے اچھا آپشن تلاش کریں اور اگر اپکی چوائیس وہی لوگ ہیں جنکی کارکردگی سامنے ہے آپکے
تو پھر یقین کریں آپ سے بڑا قوم و ملک کا غدار اور منافق کوئی نہیں اور آپ وراثتی ماحول کے ذہنی غلام ہیں.
اگر عمران اچھا نہیں تو کوئی نیا اور بہتر لیڈر لائیں پرانے آزمودہ چور پرانے آزمودہ خاندان پرانی آزمودہ سیاسی جماعتیں نہیں
کوئی نیا چہرہ کوئی نئی پارٹی

دماغی مریض قوم ہے

 

[arifkarim]

First of all FED reserve in PMLN highest was 24.65 billion dollar in 2016 October. Than you are comparing PMLN 5 years with PTI 3.2 years.

In term of CAD PMLN>>>>>>PTI How?

Comparison.
PMLN CAD 5 years

1st year 2.3 billion dollar

2nd year 2.5 billion dollar

3rd year 4.6 billion dollar

4th year 13 billion dollar

5th year 19.3 billion dollar

PTI CAD in 3.2 years

1) 1st year 13.5 billion dollar

2) 2nd year 4.4 billion dollar

3) 3rd Year 1.8 billion dollar

4) Expected (15-18 Billion dollar) and current in 2 months is 2.3 billion dollar CAD in just 2 months even after massive currency devaluation.

Coming to debt.

PMLN took 37 billion dollar in 5 years

PTI took 25 billion dollar in 3.2 years (Now with CAD and other things it will cross 35 billion just this FY)

In term of external performance both PMLN and PTI are worse and PTI is far worse.


The only thing PTI is done due to force of IMF is to bring currency to market base, which has given no benefit of export or even reduce imports.

Khotay Patwari PTI has returned more money in 3 years than Pmln did in 5 years, hence more debt idiot