.@PakPMO,it is amazing how brazenly facts are distorted by Imran Niazi.There have been periods of much higher current deficits in country’s history like in 2007-08 when it was 8% of GDP.The alibi that PTI inherited a shattered economy is nothing but a broken gramophone record 1/8
...which the nation is long fed-up of listening.
The GDP growth of 5.8% achieved by PMLN govt has been termed as artificial based on imports. After callously bringing down growth to 3.3% in first year and projected to be 2.4% in current year, the PTI is acting like the 2/8
The GDP growth of 5.8% achieved by PMLN govt has been termed as artificial based on imports. After callously bringing down growth to 3.3% in first year and projected to be 2.4% in current year, the PTI is acting like the 2/8
...proverbial Fox who, after she failed to plucked them, called the grapes sour. They are parading the massive reduction in imports as their achievement being ignorant of the havoc they have wrecked on domestic production (down 6% in Jul-Nov 2019 besides 3.64% in last fiscal 3/8
...year), destruction to cotton and sugarcane crops and massive unemployment with increased poverty by 8%.
It is hilarious to claim that the massive devaluation, foolhardily done by PTI, has restored exports’ competitiveness. After 40% devaluation since July 2018, exports 4/8
It is hilarious to claim that the massive devaluation, foolhardily done by PTI, has restored exports’ competitiveness. After 40% devaluation since July 2018, exports 4/8
...declined by 2% in FY19 and meagre 3% increase in FHY20. The pain and misery devaluation has inflicted on hapless people of Pakistan is not dawned on these simple-minded managers. It also resulted in lowering Pakistan GDP in terms of dollar from $320B to $280B&raised public 5/8
...debt by Rs4000B.
FDI was dropped by 52% in PTI’s first year FY19 and further declined in FHY20 to $1.35B. Terming this as doubling of investment is delusion and certainly not the right direction. Just look at decline of 21% in petroleum consumption, flat growth in 6/8
FDI was dropped by 52% in PTI’s first year FY19 and further declined in FHY20 to $1.35B. Terming this as doubling of investment is delusion and certainly not the right direction. Just look at decline of 21% in petroleum consumption, flat growth in 6/8
...electricity consumption and gas crises that has engulfed the country. Under the circumstances, the economy is contracting, production of both agriculture and industry is declining, food inflation is 20%, unemployment is rising as people are losing jobs and millions 7/8
...are added to poverty. Other than PTI everyone in the country feel the economy is sinking. 8/8
