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Aug 18, 2019 15 tweets 3 min read Read on X
1)An economy suffering from twin deficit problem with record loss making state institutions, circular debt and rapidly depleting reserves resulting in the biggest balance of payment crisis in its history with a need of immediate bailout and IMF program is anything but stable.
2)In 5 years of PMLN govt, exports of Pakistan decreased in absolute terms & also as % of GDP, current account deficit ballooned from $2.5B to $19.9B per year, fiscal deficit was 6.6% & financial losses of state owned enterprises were 1.4% implying a quasi fiscal deficit of 8%.
3)The savings & private investment rates were lowest in peer countries, the circular debt in power sector which was cleared in full had reached Rs 1200B again in 5 years, capacity payments reached approx Rs 900B, the tariff policy was compromised for election posturing.
4)The currency was kept overvalued & with inevitable minor adjustment before leaving the Govt, this pressure was also passed on the PTI Govt. In 2013 PMLN inherited the economy with external financing need of $10B for current account & debt repayment with net forex reserves....
5)... of more than 3 months and gross reserves three times of C/A deficit. While in 2018 the PTI Govt was facing a three fold requirement of at least $27B with net foreign exchange reserves of less than even a month and gross reserves less than 50% of C/A deficit.
6)With immediate fiscal and monetary policy measures and arranging foreign exchange financing from friendly countries, the PTI Govt saved the country from a possible default situation. Last year current account deficit had decreased by 30%...
7).... remittances increased by 10%, trade deficit decreased by 15%, flow of circular debt which was increasing at Rs 450B per year is reduced to less than Rs 300B & expected to be eliminated by next fiscal year, the external public debt accumulation was also less than last year.
8)The Govt also initiated tax reforms with making simplified tax filling systems, financial data of citizens was compiled, asset declaration scheme given, property valuations revised, tax return fillers increased to 2.5M compared to 1.5M in tax year 2017 showing a 60% increase.
9)Similarly sales tax reforms are aimed at bringing the untaxed sectors & businesses in tax net. To stop the forex reserves haemorrhaging & to give exporters a fair platform the govt rationalised the exchange rate, power tariffs for export sector were made regionally competitive,
10)... sales tax refunds stuck from past years were cleared, phase two of FTA with China was concluded, duty free access for yarn, sugar & rice to China, a preferential trade agreement was signed with Indonesia for 20 Pakistani products. Import duty removed on 1600+ raw materials
11)As a result exports increased in volume and with a J Curve lag of these policy measures, global and regional political factors, in dollar terms exports showed an increase of 14% in July last month.
12)Despite all the stabilisation measures taken the average inflation in first year of PTI Govt is less than PPP & PMLN’s first year.
To reduce the burden on general public, govt allocated Rs 220B for electricity tariff subsidy to 70% low end consumers.
13)The allocation for social protection programs had been nearly doubled and the PSDP allocation is increased to create employment opportunities.
The PTI Govt inherited the worst economic conditions in history by all means and after this initial stabilisation period of necessary
14)and long overdue reforms the Govt’s complete focus is on industrialisation and investment for job creation and sustainable export and domestic productivity led economic growth to make Pakistan a self reliant country with adequate resources to become a social welfare state.
15)It's nothing but intellectual dishonesty on part of Dawn Editors to let such a story with an absolutely misleading headline get published. Despite glaring facts telling the real story of the economic challenges PTI govt faced, to write otherwise is simply yellow journalism.

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More from @PTIofficial

Aug 29
🧵Part 1/n

𝐊𝐧𝐨𝐰 𝐘𝐨𝐮𝐫 𝐊𝐡𝐚𝐧 𝐀𝐰𝐚𝐫𝐝𝐬!

This thread highlights some of the numerous awards and accolades bestowed upon the pride of Pakistan, Imran Khan, throughout his illustrious career!

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🧵Part 2/n

𝐊𝐧𝐨𝐰 𝐘𝐨𝐮𝐫 𝐊𝐡𝐚𝐧 𝐀𝐰𝐚𝐫𝐝𝐬!

This thread highlights some of the numerous awards and accolades bestowed upon the pride of Pakistan, Imran Khan, throughout his illustrious career!

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The man, the captain, the philanthropist, the leader, the mentor, the hero, the legend - Imran Ahmed Khan Niazi!

#PrideOfPakistanImranKhan
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🧵Part 3/n

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The man, the captain, the philanthropist, the leader, the mentor, the hero, the legend - Imran Ahmed Khan Niazi!

#PrideOfPakistanImranKhan
#FreeImranKhanImage
Read 10 tweets
May 8
🧵Part 1/n

نواز شریف اور جنرل عاصم منیر کے درمیان بنائے گئے ‘لندن پلان’ کے تحت، ملٹری اسٹیبلشمنٹ کی بنائی گئی پی ڈی ایم حکومت کے دور میں، 9 مئی کی رچائی گئی سازش پوری طرح سے بے نقاب ہو چکی ہے،

ملاحظہ کریں اس تھریڈ میں اس گھناؤنی سازش کے چند محرکات اور حقائق:

#نو_مئی_بہانہ_PTI_نشانہ
#May9th_FalseFlagImage
🧵Part 2/n

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ملاحظہ کریں اس تھریڈ میں اس گھناؤنی سازش کے چند محرکات اور حقائق:

#نو_مئی_بہانہ_PTI_نشانہ
#May9th_FalseFlagImage
🧵Part 3/n

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ملاحظہ کریں اس تھریڈ میں اس گھناؤنی سازش کے چند محرکات اور حقائق:

#نو_مئی_بہانہ_PTI_نشانہ
#May9th_FalseFlagImage
Read 15 tweets
May 7
🧵Part 1/n

“ہمارا سیاست سے کوئی تعلق نہیں ہے”

تو جناب پھر اس تھریڈ میں پیشِ خدمت ہے وہ “تعلق” :

#نو_مئی_بہانہ_PTI_نشانہ
#May9th_FalseFlag Image
🧵Part 2/n

“ہمارا سیاست سے کوئی تعلق نہیں ہے”

تو جناب پھر اس تھریڈ میں پیشِ خدمت ہے وہ “تعلق” :

#نو_مئی_بہانہ_PTI_نشانہ
#May9th_FalseFlag Image
🧵Part 3/n

“ہمارا سیاست سے کوئی تعلق نہیں ہے”

تو جناب پھر اس تھریڈ میں پیشِ خدمت ہے وہ “تعلق” :

#نو_مئی_بہانہ_PTI_نشانہ
#May9th_FalseFlag Image
Read 11 tweets
Mar 6
🧵Part 1/n

A thread highlighting the forgery committed by the Election Commission of Pakistan:

Let the world know that the biased & highly controversial Election Commission of Pakistan uploaded fabricated Forms 45 on its website, almost a month after General Elections 2024.
(Forms 45 are the documents that contain data from each polling station. PTI nominated candidates have original, signed Forms 45, which they received on Election day).

The tampering, editing & forgery in Forms 45 by ECP, is not only glaringly obvious but also utterly outrageous!

The #MandateThieves, in an acutely clumsy manner, stole Imran Khan’s two-thirds majority mandate, in order to form an illegitimate government of a #CoalitionOfLosers.

The world is watching.
🧵Part 2/n

PTI nominated candidate: Seemabia Tahir
Rawalpindi NA 57

#RiggingAgainstPTI Image
🧵Part 3/n

PTI nominated candidate: Qaisara Elahi
Gujrat NA 64

#RiggingAgainstPTI Image
Read 44 tweets
Feb 17
🧵Let the world know that the illegitimate, fascist regime in Pakistan has blocked X @X (formerly known as Twitter) in Pakistan today.

Perhaps the headlines highlighted in this thread is the reason why?!

@AJEnglish @BBCWorld @washingtonpost @TheEconomist @TIME @khaleejtimes

#PakistanUnderFascism
#RiggingAgainstPTI
Part 1/n

X @X (formerly known as Twitter) has been blocked in Pakistan; is this the reason?

#PakistanUnderFascism Image
@X Part 2/n

X @X (formerly known as Twitter) has been blocked in Pakistan; is this the reason?

#PakistanUnderFascism Image
Read 20 tweets
Feb 13
🧵Part 1/n

“I express my heartfelt gratitude to the people of Pakistan for entrusting PTI with a resounding 2/3rd majority. It was heartening to see the massive turnout. The families voting together, including women and children—truly exemplified the essence of democracy.

I would like to especially commend our Social Media for its relentless efforts to stay ahead of the curve.

I also appreciate the role of the resilient polling agents who secured form 45 in the face of harassment and threats.

As the people of Pakistan have clearly pronounced their verdict, there is a dire need for democracy and fairness in Pakistan's elections. I warn against the misadventure of forming a government with stolen votes. Such daylight robbery will not only be a disrespect to the citizens, but will also push the country’s economy further into a downward spiral.

PTI will never compromise on people’s will, and I have categorically instructed my party against engaging with any political party that has robbed people's mandate, including PPP, PMLN & MQM.”
- Imran Khan

#عوام_کو_اپنا_حق_دوImage
🧵Part 2/n

“I express my heartfelt gratitude to the people of Pakistan for entrusting PTI with a resounding 2/3rd majority. It was heartening to see the massive turnout. The families voting together, including women and children—truly exemplified the essence of democracy.

I would like to especially commend our Social Media for its relentless efforts to stay ahead of the curve.

I also appreciate the role of the resilient polling agents who secured form 45 in the face of harassment and threats.

As the people of Pakistan have clearly pronounced their verdict, there is a dire need for democracy and fairness in Pakistan's elections. I warn against the misadventure of forming a government with stolen votes. Such daylight robbery will not only be a disrespect to the citizens, but will also push the country’s economy further into a downward spiral.

PTI will never compromise on people’s will, and I have categorically instructed my party against engaging with any political party that has robbed people's mandate, including PPP, PMLN & MQM.”
- Imran Khan

#عوام_کو_اپنا_حق_دوImage
🧵Part 3/n

“I express my heartfelt gratitude to the people of Pakistan for entrusting PTI with a resounding 2/3rd majority. It was heartening to see the massive turnout. The families voting together, including women and children—truly exemplified the essence of democracy.

I would like to especially commend our Social Media for its relentless efforts to stay ahead of the curve.

I also appreciate the role of the resilient polling agents who secured form 45 in the face of harassment and threats.

As the people of Pakistan have clearly pronounced their verdict, there is a dire need for democracy and fairness in Pakistan's elections. I warn against the misadventure of forming a government with stolen votes. Such daylight robbery will not only be a disrespect to the citizens, but will also push the country’s economy further into a downward spiral.

PTI will never compromise on people’s will, and I have categorically instructed my party against engaging with any political party that has robbed people's mandate, including PPP, PMLN & MQM.”
- Imran Khan

#عوام_کو_اپنا_حق_دوImage
Read 5 tweets

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