@motasim 2 centson the 1 point. No bank in the industry can manipulate the FX rates. Ratesl setting is done by *** and banks make money by the spreads they charge to customers.
Khurram says economic decisions should be debated with complete facts. Agreed. So here is the missing fact.
The govt ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ๐ ๐ถ๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐ฒ๐ ๐ฝ๐ฒ๐ป๐๐ฒ ๐ผ๐ป ๐ฎ ๐ฐ๐ฎ๐๐ต ๐ฏ๐ฎ๐๐ถ๐, ๐ป๐ผ๐ ๐ฎ๐ป ๐ฎ๐ฐ๐ฐ๐ฟ๐๐ฎ๐น ๐ฏ๐ฎ๐๐ถ๐.
In a zero coupon bond, interest keeps accumulating economically every year, but it will not appear in fiscal operations until maturity.
So yes, Rs80bn today becoming Rs512bn after 15 years is time value of money. But the fiscal issue is different. ๐ง๐ต๐ฒ ๐ฎ๐ป๐ป๐๐ฎ๐น ๐ถ๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐ฐ๐ผ๐๐ ๐ถ๐ ๐ธ๐ฒ๐ฝ๐ ๐ผ๐๐ ๐ผ๐ณ ๐๐ผ๐ฑ๐ฎ๐โ๐ ๐ฑ๐ฒ๐ณ๐ถ๐ฐ๐ถ๐ ๐ป๐๐บ๐ฏ๐ฒ๐ฟ๐ ๐ฎ๐ป๐ฑ ๐ฝ๐๐๐ต๐ฒ๐ฑ ๐๐ผ ๐๐ต๐ฒ ๐ณ๐๐๐๐ฟ๐ฒ.
That is not clean fiscal management. It is fiscal optics.
๐ง๐ต๐ฒ ๐น๐ถ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐ถ๐ ๐ฟ๐ฒ๐ฎ๐น. ๐ง๐ต๐ฒ ๐ฐ๐ผ๐๐ ๐ถ๐ ๐ฟ๐ฒ๐ฎ๐น. ๐ง๐ต๐ฒ ๐ฟ๐ฒ๐ฐ๐ผ๐ด๐ป๐ถ๐๐ถ๐ผ๐ป ๐ถ๐ ๐ฑ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ, ๐ฐ๐ผ๐ป๐๐ฒ๐ป๐ถ๐ฒ๐ป๐๐น๐ ๐ฏ๐ฒ๐๐ผ๐ป๐ฑ ๐๐ต๐ฒ ๐๐ฒ๐ป๐๐ฟ๐ฒ ๐ผ๐ณ ๐๐ผ๐ฑ๐ฎ๐โ๐ ๐ฝ๐ผ๐น๐ถ๐ฐ๐๐บ๐ฎ๐ธ๐ฒ๐ฟ๐.
@PseudoEconomist@gonwei Said it earlier as well. Pakistand main exports are cheap water, subsidized electricity and cheap labor. Workout these our efforts don't produce anything. Just look into how much easier is utilized in producing a simple t shirt