@Gohar_Ejaz1 There is a group of businesses who constantly enrich themselves through short term gains and windfalls due to devaluation. It’s the poor who get poorer in the end. we are fed with all sorts of economic theories. It’s time to work hard to make profits instead of such antics.
Pakistan Doesn’t Need Devaluation — It Needs Stability
The average REER for FY25 stands at 100, indicating that there is no need for further devaluation. Devaluation disproportionately harms 92% of our economy, while nearly 50% of our population is already living below the poverty line.
Those advocating for devaluation largely represent vested interest groups seeking marginal, short-term gains , at the expense of the livelihoods of the people of Pakistan 🇵🇰.
#Poverty #Exports #Exchangerate #Stability #Pakistan
@Gohar_Ejaz1 You have started an important debate. Tariffs are hurting both imports and exports. Do we really need such protection or is it a method of generating revenues at the cost of trade.
Our GDP growth is little above zero. We can kick start by opening up our economy.
Import liberalisation only feasible when u can match with exports. Unfortunately we have no exportable surplus due to weak industrialisation Without industrial growth importing luxury items will not help growth as we are experiencing
@Gohar_Ejaz1 Agreeing with the post, the government on its side should engage with this group for urgent improvements, at the highest level. We don’t have the luxury of time any more.
@itsshahgold@Gohar_Ejaz1 It’s the fossil fuel IPPs who are ruining our economy. No body has been taken to task or reprimanded for signing one sided contracts.
@Gohar_Ejaz1 On the controversy on payment of fixed charges to the IPPs, why can’t the additional unused capacity be utilized by paying just the variable cost? This electricity be made available to industry!
On the controversy on payment of fixed charges to the IPPs, why can’t the additional unused capacity be utilized by paying just the variable cost? This electricity be made available to industry!
Most developing countries are plagued in the post-colonial era by inadequate local governments that contrast with their former colonial rulers’ robust local systems at home. The extractive orientation of colonizers, meant less money and effort was invested on improving local gov
@najam_ali Even if we have a great story, our tax rates are the highest in the region. Why wouldn’t a foreign investor invest in a country where he has to pay the least taxes on his earnings
Also the fear of constant devaluation is not welcoming.
May bank invested and lost heavy in MCB
@ansukhera It’s a matter of national priority. All developed economies of the world protect their auto industry. Competition should be with new vehicles. Old vehicles in Japan have nearly zero value after seven years, so they are not a competition.
After a beautiful morning rain and great weather, smog is lifted from lahore. I was expecting the provincial government to withdraw their notification of closure of nearly all businesses. There is no point in keeping the businesses closed for tomorrow. It’s still a wait.