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The #IMF mission has apparently been particularly tough during ongoing negotiations to unlock an additional $1 billion in funding for #Pakistan.
They’ve essentially told #GOP that it has never approached the turnaround of Pakistan’s economy seriously.
brecorder.com/news/40224672
They’ve essentially told #GOP that it has never approached the turnaround of Pakistan’s economy seriously.
brecorder.com/news/40224672
They’ve also cast doubt on the sincerity of #GOP’s intentions going forward, which is why they have decided to literally force some of the fiscal (read: price hikes) and monetary adjustments (read: unpegging of the disastrous #DarPeg) on this hapless #PDM coalition government. 
A government whose leader very publicly expressed his frustration the other day when he said that the “#IMF is giving Pakistan a tough time”.
Well it’s about time someone did. The jokers in Islamabad have been recklessly profligate in wasting precious taxpayer resources.
Well it’s about time someone did. The jokers in Islamabad have been recklessly profligate in wasting precious taxpayer resources.
#Darnomics & the #DarPeg 🚨
A thread 🧵 —
There are two very clear scenarios in #Pakistan 🇵🇰 at the moment:
A thread 🧵 —
There are two very clear scenarios in #Pakistan 🇵🇰 at the moment:
Scenario 1 —
Finance Minister @MIshaqDar50 continues “managing” the country’s exchange rate. Once he’s gone (3-6 months), and a caretaker government comes in, PKR will shoot up (possibly overshoot) to previously unseen levels beyond 275 vs. USD.
Finance Minister @MIshaqDar50 continues “managing” the country’s exchange rate. Once he’s gone (3-6 months), and a caretaker government comes in, PKR will shoot up (possibly overshoot) to previously unseen levels beyond 275 vs. USD.
Scenario 2 —
Mr. Dar decides to let PKR find its true value based on market fundamentals driven by #Pakistan’s true (glaring 👀) macroeconomic realities. In this scenario, I foresee PKR depreciating to between 250-260 & stabilising within this range for the next 6 months.
Mr. Dar decides to let PKR find its true value based on market fundamentals driven by #Pakistan’s true (glaring 👀) macroeconomic realities. In this scenario, I foresee PKR depreciating to between 250-260 & stabilising within this range for the next 6 months.
