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Kashan Qamar Profile picture
Kashan Qamar
@kashan_qamar
A student of Economics, interested in Business, Finance and Macroeconomic policy making
Jul 15, 2021 • 5 tweets • 3 min read
Thread: “Eid se pehle petrol bomb ka tohfa”

People should know the truth rather than believing in conspiracies. #PetrolPriceHike was expected as crude oil prices were rising & this increase of Rs5.40 is actually lower than the increase in the cost of petrol.
1/N The cost of petrol (base price) increased by Rs9.78. So, the govt actually reduced the taxes by Rs4.40 to not pass on the full increase

To give you the context, taxes on petrol are already the lowest where petroleum levy is reduced to zero & GST reduced from the standard 17%
2/N
Apr 2, 2020 • 42 tweets • 25 min read
Pakistan's Economic Crises 2018

Economic crises are not earthquakes which strike without warning; they are culmination of years of excesses & misguided macroeconomic policies

CAD reached $19.9bn in FY18 which was the highest ever in the country’s history in absolute terms
1/N Image Current Account Deficit (CAD) surged from 1.1% of GDP in FY13 to 6.3% of GDP in FY18

Last 4 months before the new govt coming into power we were running a CAD of $2bn a month this means at an annualised pace of $24bn

Source:
sbp.org.pk/ecodata/BOP-Se…
sbp.org.pk/ecodata/BOP_ar…
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