General Economic Updates

[Fatman17]

Congratulations budget is balanced.

 

[warking2005]

Let it all fall and burn

 

[PakFactor]

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Congratulations budget is balanced.

This is akin to kicking the can down the road. The privatization proceeds would be mauled in interest payback.

 

[Forsvaret]

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Congratulations budget is balanced.

Darnomics as championed by PMLN supporters.
@Tameem @Wood @Pakistan Space Agency @FOOLS_NIGHTMARE @ziaulislam @Respect4Respect @ghazi52

 

[PakFactor]

Darnomics as championed by PMLN supporters.
@Tameem @Wood @Pakistan Space Agency @FOOLS_NIGHTMARE @ziaulislam @Respect4Respect @ghazi52

The Mexican cartels run their empire better,

Mexican cartels are diversifying business beyond drugs. Here's where they are profiting

The cartels' reach extends into many parts of Mexico's economy, from food production to fuel.

www.yahoo.com

They apparently have more reserves as entrepreneurs than Pakistan as a country.

 

[ziaulislam]

Darnomics as championed by PMLN supporters.
@Tameem @Wood @Pakistan Space Agency @FOOLS_NIGHTMARE @ziaulislam @Respect4Respect @ghazi52

Ishaq dar is now destroying cpec
Dar defers $6.7b CPEC rail project - https://tribune.com.pk/story/2477028/dar-defers-67b-cpec-rail-project


He is biggest threat to maryum baji legacy

@foolsnightmare
It's time to focus on stopping ishaq dar for destroying ML1 project as per Aristotle Imran Khan delayed it and was biggest villain, hence cancelling it should be even a bigger crime

 

[PakFactor]

Ishaq dar is now destroying cpec
Dar defers $6.7b CPEC rail project - https://tribune.com.pk/story/2477028/dar-defers-67b-cpec-rail-project


He is biggest threat to maryum baji legacy

@foolsnightmare
It's time to focus on stopping ishaq dar for destroying ML1 project as per Aristotle Imran Khan delayed it and was biggest villain, hence cancelling it should be even a bigger crime

I have one better.

Some ‘golden quotes’ from the budget approval days:

“We have imposed sales tax to encourage mothers to breast feed their child,” said Amna Faiz Bhatty -a woman Member Income Tax Policy of FBR when she was asked rationale for imposing 18% GST on infant milk.

@Fatman17 @Forsvaret

Soon we might have to start an abortion program in the country for women who can't lactate.

 

[ziaulislam]

I have one better.

Some ‘golden quotes’ from the budget approval days:

“We have imposed sales tax to encourage mothers to breast feed their child,” said Amna Faiz Bhatty -a woman Member Income Tax Policy of FBR when she was asked rationale for imposing 18% GST on infant milk.

@Fatman17 @Forsvaret

Soon we might have to start an abortion program in the country for women who can't lactate.

Why is it patwaris love sales tax so much
Literally PMLN is the only govt which Jakes it up regularly

I mean it was upped to 17% by them and nothing for 3+ years and jacked again by them

 

[Fatman17]

As parliament authorised the federal government on June 28 to impose over Rs1.7 trillion in additional taxes for the current fiscal year, it was also compelled to retrospectively approve a record Rs9.4tr for expenditure overruns and re-appropriations, nearly five times more than the previous year’s amount.

This massive overspending occurred despite claims of austerity and tight fiscal control by three successive administrations — PDM, caretakers and the incumbent coalition government — amid ongoing economic stabilisation efforts.

Read more: https://www.dawn.com/news/1844458

 

[Fatman17]

دستاویز کے مطابق وفاقی حکومت کےقرضوں میں یہ اضافہ دسمبر 2023 سے فروری 2024 کے دوران ہوا تھا، مئی2024 تک وفاقی حکومت کا قرضہ بڑھ کر 67 ہزار816 ارب روپے ہوگیا۔

وفاقی حکومت کے 3 ماہ میں قرضہ 113 فیصد بڑھ گیا

مارچ سے مئی 2024 کے دوران وفاقی حکومت کا قرضہ 3 ہزار 11 ارب روپے بڑھا، جبکہ نگران دور کے آخری 3 ماہ میں وفاقی حکومت کا قرضہ ایک ہزار 416 ارب روپے بڑھا تھا۔

www.dawnnews.tv

 

[Wood]

Darnomics as championed by PMLN supporters.
@Tameem @Wood @Pakistan Space Agency @FOOLS_NIGHTMARE @ziaulislam @Respect4Respect @ghazi52

Was the PTI administration able to avoid fiscal deficit?

 

[Fatman17]

Tax-to-GDP ratio in FY24 stands at 9pc: FBR https://www.brecorder.com/news/40311975

 

[Fatman17]

Read the full opinion piece here: https://www.dawn.com/news/1844777

Pakistan’s Conundrum

 

[PakFactor]

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Read the full opinion piece here: https://www.dawn.com/news/1844777

Pakistan’s Conundrum

I will comment on this and FuturePAF soon.

 

[Fatman17]

View attachment 55389
July 11, 2024 (MLN): Barrick Gold has deployed ExoSphere, a mineral exploration solution from Australia's leading space exploration company, Fleet Space Technologies, to advance Barrick Gold's copper exploration at its Reko Diq project in Pakistan, said a press release issued by the PR Newswire.