In last 3 yeras #PKR dropped 45% to dollar compared to 3% & 16% drop in #Taka & #INR because when #Bangladesh & #India focused on improving economic fundamentals and let currencies adjust to market, #Pakistan focused on artificial overvaluation (2013-18) through ad hoc solutions.

As a result, they have improved economy at one hand and lower inflation, lower public debt at the other.

We lost on all three.

Remember!
Exchange rate is a price. You can distort it, but it distorts whole economy. You can hold it for a while, but it gets back with higher costs.

Ignoring economic fundamentals added further to pressure on rupee. And it dropped and dropped more than what would have been if we focused on improving economic fundamentals (case of Bangladesh and India).

Read 3 tweets

The Star

@staronline

The heart-pumping, week-long political drama full of twists and turns look set to continue. Follow our live updates here.

thestar.com.my/news/nation/20…

9:00am: Political leaders aligned to Bersatu and Muafakat Nasional, start arriving at Tan Sri Muhyiddin Yassin's house ahead of his swearing-in as the nation's eighth Prime Minister.

(continues)

(continued) Seen are Gajah MP Datuk Seri Mohd Redzuan Md Yusof, PAS secretary-general Datuk Takiyuddin Hassan, Bera MP and Umno vice-president Datuk Seri Ismail Sabri Yaakob, PAS president Datuk Seri Abdul Hadi Awang and MCA president Datuk Seri Dr Wee Ka Siong.

(continues)

Read 27 tweets

The Thinkers' Lounge

@ThinkersLounge

Sarawak Report TLDR:
#Azmin is the real mastermind behind the coup. Azmin’s motivation is of course for power and money, backed by crooks who risks being held accountable today in #Malaysia

1. Azmin plotted the coup taking the...

opportune window of Anwar’s pre-planned Monday meeting with the YDPA to spark distrust and confusion between Bersatu and PH. Framing it as a hostile takeover by #Anwar despite Friday’s presidential council meeting...

and announcement to the public of support to #TunM as PM until the end of the year.

2. #Azmin sets up “unity dinner” to show perception that Tun M has the numbers to back up his position as PM for as long as he wished.

3. Tun M chose not to play Azmin’s game...

Read 12 tweets

chakaravarthy

@chak2006

A detailed thread on Pakistan's debt and Foreign exchange reserves. #NayaPakistan is on the way becoming #NayaPaisaPakistan

In August 2018, foreign exchange reserves with the State Bank of Pakistan (SBP) stood at $10bn. Pak borrowed $3bn from SaudiArabia and $2bn from UAE. As of March 8, 2019, foreign exchange reserves with the SBP stood at $8bn. Still they are in talks with IMF to get $12bn more.

By Jan2019, the accumulated stock of circular debt had soared to Rs1.4 trillion. For the record, the PTI govt added Rs260billion in 137 days. The PTI govt is adding Rs2bn a day every day of the year (a few years ago, the same figure was Rs1bn a day). ((Rs is PKR currency))

Read 23 tweets

Nuradilla Noorazam

@AdillaAzam

Afternoon warga #Pahang!
Hari ni kome ke #Jengka untuk sebahagian liputan #Felda.

Pahang ada jumlah peneroka paling ramai dan kawasan Felda terbanyak di Malaysia. Selama ini orang Felda menyumbang kepada faktor negeri ini dianggap kubu kuat #MalaysiaMemilih

Persoalannya, adakah #Felda masih lagi kubu kuat #BN?

Fact 1: 12/14 kerusi Parlimen dan 27/42 kerusi negeri #Pahang ada kawasan #Felda

Fact 2: Peneroka gen pertama berumur 65tahun ke atas. 80% penyokong #BN tetapi generasi kedua & ketiga? Mereka lebih ramai #MalaysiaMemilih

Di antara 27 kerusi negeri #Pahang, semua dimenangi #BN kecuali DUN #Bilut #Ketari #Sabai di #Bentong dan #Triang di #Bera. Ini adalah perkara baru.

Namun kita lihat juga populasi bangsa di sini. Triang, Ketari, Sabai dan Bilut adalah mixed seats. #MalaysiaMemilih

Read 12 tweets

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