Vicky Agha

‏ہر انسان عقل و مشاہدہ کو استعمال کرنے سے جو سچائی پاتا ھے، اس پر ایمان قائم کرنے میں آزاد ھے۔

[Vicky Agha @vicky_agha]

The glory ends 🙌
The most gentle and worth to watch who inspired. Wishing to keep watching you on screen in different role.

#KaneWilliamson

[Vicky Agha @vicky_agha]

@kschehzad What value generated by this ?? It's good , but not a strong pillar in state of economics.

[Vicky Agha @vicky_agha]

@TFT_ @YousufNazar Real estate is the biggest obstacle of eco growth, govt need to focus on value addition activity in order to put the economy on right directions , real estate is graveyard of billions and trillions .... which could have helped the value based economic growth

[Miftah Ismail @MiftahIsmail]

Pakistan already has 40,000 MW of dependable power generation capacity and is easily able to make more than 200 billion kwh or units of electricity. We utilise about 60% of capacity and the grid now sells and (collect bills) from around 110 billion units. And grid consumption is declining. The biggest problem facing our power sector is the huge capacity cost per unit and this is making electricity more expensive and forcing people to use less and less of grid power.

When you are in a hole the first thing you need to do is to stop digging. But digging furiously is exactly what the government is doing.

The government is now planning to add 26,000 MWs generation capacity to the grid. Yes 26,000 MW at the cost of between $40 bn and $55 bn (in present value terms). In addition it is also planning to spend $10 bn on transmission capacity to sustain these new additions to the grid.

This will take the capacity cost of power from Rs 18 presently to Rs 45 in 2035 (in today’s rupee value). With devaluation it will be more.

I most humbly request the government to please stop this madness. Stop thinking about more additions to generation capacity and start robustly regulating and privatising power distribution and generation.

Let there be a market for power and let private sector, whose own capital will be at stake, make investment decisions. Politicians, sincere as they might be, have no skin in the game and make decisions to suit their political objectives. We have already seen the result of this with imported coal plants.

Politicians and bureaucrats have already burdened our consumers greatly. Now please stop adding more burden to our bills and get out of the sector.

[Yousuf Nazar @YousufNazar]

The arguments presented in favour of aggressive monetary tightening collapse under the weight of the IMF’s own research.

The IMF itself explicitly acknowledges that monetary-policy transmission is highly uneven across countries and depends on structural conditions that economies like Pakistan often lack.

In its 2023 working paper, Monetary Policy Transmission Heterogeneity: Cross-Country Evidence, the IMF states:

“There exist significant heterogeneities in the transmission of monetary policy across countries.”

It further concludes:

“Monetary policy is more effective in countries with flexible exchange rate regime, more developed financial systems, and credible monetary policy frameworks.”

That is not a fringe heterodox argument. That is the IMF.

Pakistan does not resemble the deep, credit-driven economies on which textbook monetary-policy assumptions are built. Its inflation dynamics are dominated by:

exchange-rate depreciation,
imported energy shocks,
administered tariff increases,
indirect taxation,
and chronic balance-of-payments stress.

When inflation is being transmitted through imported fuel, electricity pricing, rupee devaluation, and fiscal pass-throughs, raising interest rates cannot magically produce more dollars, LNG, wheat, or electricity.

Even the IMF paper recognizes that transmission depends heavily on financial structure and institutional conditions. Pakistan has:

shallow financial markets,
low formal credit penetration,
a large informal economy,
and weak monetary transmission channels.

Moreover, Pakistan sets returns on dollar-linked deposits and external financing conditions independently from rupee policy rates. The economy’s core vulnerability is external-dollar scarcity, not simply excess domestic demand.

This matters because Pakistan’s recent inflation shocks were fundamentally tied to:

a balance-of-payments crisis,
collapse in foreign reserves,
sharp rupee depreciation,
imported inflation,
and energy repricing under IMF adjustment.

In such a setting, interest-rate hikes operate less as classical anti-inflation tools and more as:

currency-defense mechanisms,
signals to creditors,
and instruments to suppress imports.

That distinction is critical.

None of this means monetary policy is irrelevant. Once inflation expectations become entrenched, some tightening becomes necessary to stabilize the currency and prevent a broader loss of confidence.

But pretending Pakistan’s inflation was primarily a conventional overheating-demand story is analytically weak and contradicted by the IMF’s own literature on transmission heterogeneity.

The real issue is that Pakistan relied overwhelmingly on monetary tightening while failing to undertake deeper structural reforms:

energy-sector restructuring,
export competitiveness,
productivity growth,
fiscal reform,
governance improvements,
and reduction of external vulnerability.

The result was predictable:

growth collapsed, industrial activity weakened, debt-servicing costs exploded, yet inflation remained structurally high (just do a comparative study with India) because the underlying drivers were never fully monetary to begin with.

IMF paper:
https://t.co/IGa1LOoTS7

[Fraz @NthngMtrs]

دبئی کے بعد ہمیں اپنے شہروں کو یورپ بنانے کا خیال آتا ہے۔ یہ یورپ کی رہائشی اور تجارتی مراکز کی عمومی سڑکوں کی تصاویر ہیں۔

ویسے تو پہچان اپنی ہونی چاہئے لیکن جب بھی یورپی تقابل کی خواہش جاگے تو ان تصاویر میں مقامی سایہ دار درختوں کی موجودگی کو نظر انداز مت کیا کریں 🙏

[Vicky Agha @vicky_agha]

Economically, Iran is hurting significantly especially when Trump admin maintains a ceasefire alongside a restrictive blockade.

Support from China and Russia cannot offset their foundmental crises, so making an earlier U.S. deal the more rational path.

[Vicky Agha @vicky_agha]

Trump's stage in Isb shall be full of global leaders, Pakistan is on amazing role on round of meetings/visits in relevant region to work on it.

[Vicky Agha @vicky_agha]

If Donald Trump participates in the second round of peace talks, it is likely that other major regional leaders will also join.

#PeaceProcess
#ForeignPolicy

[Vicky Agha @vicky_agha]

If Donald Trump participates in the second round of peace talks, it is likely that other major regional leaders will also join.

#PeaceProcess
#ForeignPolicy

[Barack Obama @BarackObama]

What the Artemis II astronauts did over the last 10 days was a testament to their bravery. And the fact that they traveled farther from Earth than anyone ever has, re-entered our atmosphere at more than 24,000 mph, and splashed down safely was a testament to human ingenuity. Thanks to everyone at @NASA for making this mission possible, and for taking us along for the ride.

[Vicky Agha @vicky_agha]

My booking reference is 7LJNM4.

Kindly rebook me on the next available flight that on March 13 and send the confirmation. Please treat the request as urgent.

Thank you.

Passenger Name: Yahya
Booking Reference: 7LJNM4
Original Flight: QR702 (JFK – DOH)
Date: 9 March 2026

[Vicky Agha @vicky_agha]

@qatarairways
Dear Team Qatar Airways,
My flight was from JFK to DOH (JFK to LHE) on March 9, which stands canceled by airline and I reached airport on March 9 but no one at qatar counters , also I tried helpline and even what I have not tried to reach you out.

[Vicky Agha @vicky_agha]

@YousufNazar He has changed the flavors of capitalist elite , that what an amazing rides given by him wasn't before.

[Vicky Agha @vicky_agha]

@odysseuslahori @ashoswai Though, I'm not at any side and condemned destruction anywhere. But do u think other side is so foolish and lacks with such incapabilty? Ohhh, dreaming peaceful world.

[Vicky Agha @vicky_agha]

@odysseuslahori @realMaalouf Agreed best advise. They are confused community in abroad , badly into identity crisis.

[Vicky Agha @vicky_agha]

@IrfanPathan @iamyusufpathan The reason I respect both brothers. Always friendly , connected and smiling with family. Bigger than any cricketing records....

[Vicky Agha @vicky_agha]

@iihtishamm Great! So what about from NY to DOH ?

[Vicky Agha @vicky_agha]

@qatarairways I have confirmed flight from NY to DOH on March 9, if I don't cancel by myself for any change or refund and wait for it and flight gets canceled then what will happen to my ticket ??

[Vicky Agha @vicky_agha]

@JulqaBM @ILQLive Please support with the reply, how i can get refund through App. Where is step to proceed with it ???

[Vicky Agha @vicky_agha]

Presidential election seems in preparation due to illness of @AAliZardari sb.

Wishing him healthy recovery. #AsifAliZardari