Asian Development Bank presents bleak picture of Nalaiq Niazi's current and next year. The devastating effects of dismissing PMLN govt through connivance and bringing incompetent puppets on the helm is clearly evident from this analysis and forecast. Shows next year will be even worst than this.
A shut up call to those who blame past govt for the failure of these puppets.
https://www.adb.org/countries/pakistan/economy#tabs-0-0
@ JDM,
This is a worry for that currupt "Iqama holders" not for any genuine overseas pakistani earning with honesty and hard work.
Copying paste from your same link.
“If overseas Pakistanis can prove that the property they own in Pakistan was bought with legally remitted money or the bank account they have in any Pakistani bank has money sent through legal banking channels, they do not need to worry as they are exempted from declaring them and they do not need to pay any taxes,” Dr Mohammad Ashfaq Ahmad, Director General (International Taxes) at the Federal Board of Revenue, told the Pakistani diaspora at the Pakistan Consulate General in Dubai..
Since the Depreciation or Devaluation has become a daily activity - hitting 160 & beyond now - and not even worth a mention.
The ADB data is worrisome in each single aspect with big fall even in a single year. Even the simplest of metric, i.e., GDP, few days ago here the discussion was that BD didn't even count is now growing at 8% and we fell from 5.2 to 3.9 and 2020 even worse. For time being, we are marginally above SL & AFG and in 2020, as things stand, only AFG below us unfortunately. Problem is -1.5% approx in a single year.
Lots of economic overhaul needed, if the economic bloodbath is to be stopped!
Suhail sb.
ADP, IMF or any institution become highly controversial with their figures when it comes to any poor country which is under their heavy jaws!
Do not waste your intellect with these conversations.
There is 1000s years old saying and it still works:
"Zameen jumbud na jumbud gul mohammad"
Some people want Nawaz & Zardari cartel back to again start looting and cheating.
Some of us know these monkeys borrowed billions $ to sustain RS, but what they do not know is that everything state possessed, motorways, even highways, airports....list goes and goes, is under sovereign guarantee!
We are now killing our kids on poverty with poison, in water, with knives.
In future there will be sovereign guarantees, so what a big deal?
Is not it great that our He & She leaders with siblings will enjoy their properties outside?
We are not short of flowers to cover their cars upon their time to time blessed arrivals back in Pakistan?
In past and still to some extent we say:
“My kid cannot speak Urdu, English is all He/he can speak”
Now it seems people feel blessed with saying:
“My leader treats himself/herself only outside Pakistan” and I am proud of him/herself!
Some friends are losing their good stature on these discussions, which is not healthy!
Fortunately or unfortunately, statures never rise and nations never progress by turning a blind eyes to the realities happening around. As a nation and people, we need to move on and at times be brutally honest with ourselves to initiate the process to know what is wrong and then to sort that out. Realisation and acknowledgment doesn't do any damage, denial does.
IMF and ADB for sure can be agenda drive, so is each single financial institute. Global Financial management is way too serious a business then many could comprehend here. They gather data in our case from SBP, Bureau of Statistics and any manipulation of data can put them in serious hot waters. Its not our typical guy on container or a politician in his constituency politics pulling stuff from thin air, its the data reflective of economy and collected from the very institutes of the state.
We need to decide which narrative we need to believe in:
- Indicators and Figures from SBP, Bureau of Statistics, IMF, ADB etc.
or
- Mohallah gossip of NS, AZ and alike falling into IK feet offering billions to let them flee? Even the wildest of G search will never support such a claim.
Unfortunately, for long, as a nation believing in the later narrative has dragged us into mess that was undue. Unfortunately the trend is to call anyone as anti PTI/IK or pro NS/AZ, when ever concerns and disasters of today time are being discussed - such is the level of fanaticism.
Dollar hits 160 in interbank and 162 in open market today.
Still hang on to your $.
AQ sb, they were sleeping and will sleep again as soon as any of Bilawal or Maryam take over, they just want a pill of be- hissi then every thing will be fantastic, Imagine any of Bilawal or Maryam in power, will be a shame on us as a nation, but they are doing all thier efforts to make thier way back, they never ever criticize anything in thir life before in a way as they are doing now. They are talking so big as we have great leader sitting behind and 1000s of options available to change this country over night. Remember they will cry one day once again for IK like they are till date crying for Liaqat ali or ZAB.
I fully agreed with you and its useless to waste time with them, just ending this conversation here on Allama Iqbal ever green words.
"Khuda ne aaj tak us qaum ki haalat nahiin badli // Na ho jisko khyaal aap apni haalat ke badalne ka". .
Right now the question is about 1 present day Messiah on seat then 2 convicted of past behind the bars.
Will reiterate my claim with slight rewording:
'1 self-proclaimed Messiah on throne is way dangerous then Two convicted in the prison!'
In the context of Devaluation, National Economy with objective discussion is far important then reflecting bigoted fanaticism towards individual(s), who matter the least, in bigger scheme of things!
“Half the truth is often a great lie”
'Power Corrupt in the name of Messiah is mostly a Crook'
other half of the truth...
Other half of the truth...
Thats why its again another lie.
Sohail sb.
I quit
Best of luck for all.
Imtiaz bhai, I am not denying that figures are also taken from state's offices but we all know NGOs are the main manipulators to publish engineered figures as well!
Munshi himself was giving doctored figures and those figures were widely accepted by blah blah blah organizations????
It is just Imran is telling the very true story to the world which Pakistan needs. How long and how can we live on falsified life?
Hahahaha, nahi sir , you cannot quit.
lets keep giving dose to this Darbarism time to time, lets not let them successful in thier slavery motives.... As Ilyas Bro said.
Yes: 2016 to 2018 & half 2019, already passed years can be called Rumors, only on this Forum!
Bigotism getting an antidote of Data and Facts and as usual Bigots massaging each other ego - fair enough!
-- In the meantime, Dollar decides not to give any NRO to PKR
https://www.geo.tv/latest/241449-us-dollar-reaches-rs160-in-interbank-market
Source of enlightenments for Tabdeeli Fanatics. No wonder, allergy to Facts and adore for namecalling!
https://dailytimes.com.pk/25558/ary-plots-secret-return-to-uk-after-licences-revoked/
https://propakistani.pk/2018/07/02/ary-to-pay-heavy-fine-in-uk-over-defamation-case/
https://en.dailypakistan.com.pk/headline/uk-court-orders-ary-to-air-judgement-in-defamation-case-that-it-lost-to-geo/
-----
AQ sb, with utmost respect, as ever, not a subject of this post!
Ilyas and Sohail sb (notice that i addressed you as sb for the first time)
I enjoyed very much teasing exchanges with good taste in sense of humor.
But now I see it shifting to pure abuses and demeaning words for those having different opinions, and that includes me.
While I can face criticism to any extent, can not enjoy bigotary, abuses and bad sense of humor.
Isloo 1 bro, we have or might have extreme differences but we have a real respect for you, not matter what..... even you are not here for foe or friends but still we have attachment with you as a brother and as a friend because you are around Ilyas Khan and Sohail Khan...... and we do not care what you think of this digital space.....,.
It is what it is........
Sohail Khana roora, Slick was a great help in our fight for pak… where he might be huh?
“We took a test in grade four. If you did well, you got designated as gifted. I think I was the only one in my class that qualified. The teacher had a conversation with my parents. I was told I had unlimited potential. I stopped doing my homework, and convinced myself that putting in less effort was somehow an admirable thing. Arrogance became the default trait of my personality. I loved to point out other people’s mistakes and inaccuracies. I became good at winning arguments-- not because I was right, but because I was intelligent. The arrogance gave me form. It was my anchor. It covered so many fears and insecurities. I became terrified of running into people who were smarter than me. In college I’d stay in my dorm room and play video games, until I encountered people who were better than me. Then I’d quit. I hardly made any friends. Now I work as a programmer. I chose this career because it’s where I’m smartest, and I thought I had the chance of being the best. But it’s just not possible anymore. There are too many talented people. Recently we hired a genius kid from Saskatoon. He’s younger. He’s better. And I’m having to mentor him. There’s a feeling of my identity being eroded and nothing being left. It’s something I have to figure out. I’m going to therapy. I’m meditating. Either I stop needing to be the best, or I’ll die of a heart attack when I’m 40.”
(Toronto, Canada)
https://www.facebook.com/102099916530784/posts/3190890870984991/
( for my one bro who is gone out of order)
Asad Umer's letter to the (selected) prime minister -- eye opener to blind followers.
https://herald.dawn.com/news/1398907?ref=whatsapp
There is a comment below the article.
"brilliant. Who wrote it? very well put" :)