There is no economic crisis in the country: Finance Minister Asad Umar

[AZ1]

I agree and I'm surprised that no one in Pak has ever promoted this. Put up large biogas digesters outside every mandi in Pak and that alone may solve the gas and electricity shortage in Pakistan. We have one of the highest number of cattle in the world and huge organic waste that is actually being wasted! When it could be turned into gas or electricity

You need brain to think like that while our leaders was brainless and their supporter is heartless for country.

Now I urge all people of PMLN supporter eat Metro Train because that is a huge project that took our economy to sky high. Patwaris

 

[Arsalan 345]

Don't know if this is true what you are saying but I see a huge crowd every day on food streets.

hahaha.don't know what to say.funny.

 

[lightoftruth]

In his opinion crisis hasn't yet come ?

The people of pakistan might actually face the tsunami of inflation.

 

[ziaulislam]

Have you ever compare USD vs Japanies yen??? dont you see or you are acting to be one eyed!!! currency rates are not everything. check the prices in the local market and the stock exchanges before vommiting sh****


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Me an independent writter and owner of Property Portal In Pakistan. Thats all what I have!!!

Or chinse yaun that was consistently devalued for growth

 

[Jinn Baba]

Have you ever compare USD vs Japanies yen??? dont you see or you are acting to be one eyed!!! currency rates are not everything. check the prices in the local market and the stock exchanges before vommiting sh****


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Me an independent writter and owner of Property Portal In Pakistan. Thats all what I have!!!

And have you looked at the earnings of people in Japan? Or their spending power? Rupee devaluation causes inflation - and I'm not talking about rise in cost of luxury cars or smart phones, but even basic emnities like food - because the suppliers will not sell in the local market for cheaper than they can export in $$

 

[Jinn Baba]

Criticizing only for the purpose of criticism is an important factor of our life as Pakistani. Though whatever I know through my sources is that the local commodities has small increase or no increase at all. In Pakistan prices are mostly connected and effected by the patrol prices which even decreased yesterday by the government. Per capital income is a different story but even the calculation of per capital income is not possible in 3 months, lifetime of the current government, then how you expect to raise per capital income in 3 months? There was a lot of shi** left by the previous good fathers and Sicilian Mafia which IK and current government is trying to fix. So it's gonna take sometime. We should appreciate at least some serious measures has been taken against the Sicilian Mafia in this country and every good father is screaming, crying and yelling. That what we expected from IK lead government.


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Me an independent writter and owner of Property Portal In Pakistan. Thats all what I have!!!

My post wasn't intended to criticise the government.

I just wanted to make the points that Japan should not be compared to Pakistan, and that currency devaluation can and does rise inflation.

 

[Lucky Breeze]

Musbat Khabar. Alhamd-u-lillah

 

[niaz]

Tax & Revenue generation is down by Rs 175-billion in 6 months. In June US$ was worth Rs 105, now it is worth Rs 140. Price of gas & electricity has increased. Circular debt stands at Rs 1360-billion & growth rate reduced to about 3%. May I ask the honorable Finance Minister, what would you call the current situation? An economic boom!

“ Jo chahey aap ka husne karishma saaz karey”

 

[Samlee]

Tax & Revenue generation is down by Rs 175-billion in 6 months. In June US$ was worth Rs 105, now it is worth Rs 140. Price of gas & electricity has increased. Circular debt stands at Rs 1360-billion & growth rate reduced to about 3%. May I ask the honorable Finance Minister, what would you call the current situation? An economic boom!

“ Jo chahey aap ka husne karishma saaz karey”

Where Did Mr Asad Umar Talk About Boom???He Has Been Firefighting Since The Day He Took Charge.The Fact That He Averted An Inevitable Default and Still Is Resisting Many IMF Demands Goes To His Credit

And Oh Mr Niaz Did All The Things You Mention Happen Overnight Or Was It The Result Of 10 Consecutive Years Of Shameless Economic Mismanagement

 

[RoadRunner401]

Indian rupee depreciates, yet they keep quiet about their own country, not a word or a peep because they know it will spook the investors. India pumps $14billion dollars into 20 government owned banks because Indians are defaulting by the 1000s or are simply refusing to pay it back.... Having said that.. It's understandable why Indians azz is on fire and why they want to spread the bad news or fake news about Pakistan, what's getting me is the reactions from some patriotic Pakistanis (how did we get this lucky) is even more funny....

The measures taken by the government to discourage imports, smuggling and under-invoicing will yield a positive result in 2019. “These steps, including phasing out of the black economy, will have a positive impact on the local industry, "I don’t think rupee will be further devalued.”

The measures to restrict imports and declining trend in the international oil market are likely to create a positive impact in 2019 and may also reduce current account deficit,” Muzzamil Aslam, according to senior economist. “I believe the worst is behind us and there are some silver linings that can give us hope and confidence about the future. The recent efforts made on the macro front have created room for managing external and fiscal challenges in the short run. Meanwhile, the policy strategists are crafting the long-term sustainable policy for growth and eventual prosperity,” Khurram Schehzad, a senior financial analyst and CEO of Alpha Beta Core.

Now the Pakistani that want Pakistan to be SUPA POWA as it was under PML_N and PePePe overnight, please join the Mars one way probe and have a nice day!!!!