General Economic Updates

[Fatman17]

PM hopes IT exports to reach $25b mark https://tribune.com.pk/story/2489430/pm-hopes-it-exports-to-reach-25b-mark

 

[Fatman17]

Is govt charging Rs80 per unit for electricity produced at Rs9? https://tribune.com.pk/story/248902...rs80-per-unit-for-electricity-produced-at-rs9

 

[Fatman17]

Finance: Pakistan’s debt — a losing battle https://www.dawn.com/news/1853224

 

[Fatman17]

Pakistan not on IMF’s Aug 28 agenda so far https://www.thenews.com.pk/print/1221865-pakistan-not-on-imf-s-aug-28-agenda-so-far

 

[PakFactor]

Army chief tells businessmen he will bring $100 billion in investment

Reports of his meeting with the businessmen have now been confirmed

english.aaj.tv

Does anyone have any update on this $ 100 billion? Last I heard they have only $ 150 million of their own borrowed funds - borrowed.

@Forsvaret @Fatman17

 

[PakFactor]

Influential sugar mills linked to ruling parties default on Rs 23 billion loans taken from public sector banks

ISLAMABAD: At least 25 sugar mills owned by influential individuals with ties to the country’s political elite have defaulted on loans worth over Rs 23 billion taken from state owned banks. The

profit.pakistantoday.com.pk

So, get loans, build a business, and default, and the bank will write it off. It's like building a bear workshop.

The bank should have repossessed it and shut down the factories that do not pay; this is akin to highway robbery of people's money.

On top, these haramis want money from outside now.

 

[Fatman17]

Army chief tells businessmen he will bring $100 billion in investment

Reports of his meeting with the businessmen have now been confirmed

english.aaj.tv

Does anyone have any update on this $ 100 billion? Last I heard they have only $ 150 million of their own borrowed funds - borrowed.

@Forsvaret @Fatman17

Are they setting up a $ printing press

 

[PakFactor]

Are they setting up a $ printing press

They will join the US federal service when it starts its printing press.

Interesting and dangerous times to come, brother. The only advice I can give to people is to protect your cash and not risk it on anything if it's all you have and it's primary cash, not surplus cash. We have sons of industrialists committing suicide, etc. One friend said today, "We are in a field with landmines, so step carefully."

 

[Fatman17]

Auto plant shutdowns leave part vendors in limbo https://www.dawn.com/news/1854293

 

[Fatman17]

Editorial: There can be little argument with the fact that many white elephants in the extensive stable of state-owned enterprises need to be privatised, as they are a huge burden on the taxpayer.

Read the full editorial here: https://www.dawn.com/news/1854596

 

[Fatman17]

Internet shutdown caused Rs65bn loss to Pakistan in 2023 https://www.thenews.com.pk/print/1224269-internet-shutdown-caused-rs65bn-loss-to-pakistan-in-2023

 

[Circadian Rhythm]

https://twitter.com/x/status/1830588921715270140

 

[Fatman17]

Govt fails to get $7bn loan approval deadline from IMF https://www.samaa.tv/2087320239-govt-fails-to-get-7bn-loan-approval-deadline-from-imf

 

[Fatman17]

Editorial: The only way forward towards long-term economic stability lies in broadening tax revenue base, increasing and diversifying exports, and attracting FDI.

Read the full editorial: https://www.dawn.com/news/1857054

 

[PakFactor]

Capacity tariff of Chinese IPPs: China appears unwilling to renegotiate?​

Capacity tariff of Chinese IPPs: China appears unwilling to renegotiate?

Addressing APNS gathering, Chinese Ambassador to Pakistan Jiang Zaidong IPPs resolved power issues in Pakistan

www.brecorder.com

@RescueRanger This aged like fine wine. As discussed in the previous forum, the Chinese were expected to eventually push back due to Pakistani incompetency. I did say, down the road, the Iron would rust.

I have to give it to the Chinese tenacity to tolerate Pakistan.

But what got me laughing was this from the Chinese Ambassador: “I am personally interested to resolve this issue and during my vacation back in China, I will try to find my personal friends to find solutions.” We are an afterthought while he is back home on vacation. I feel he was forced to show up as a face-saving follow-up to Pakistan's visit a month or two prior.

@Forsvaret, do we say Inshallah now, or should we wait? Just look at the Chinese reaction and facial expressions from the video on YouTube.