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Pak economy in dire straits.
Impact of #FATF?
Cost of foreign borrowing (yields) rose 200bps in 6 mths
Budget deficit rising to 6% of GDP
Interest rate rose 75bps in recent past
GDP growth falling
FX reserves under $10 bn
KSE100 down 5000 this yr
tribune.com.pk/story/1748997/…
Impact of #FATF?
Cost of foreign borrowing (yields) rose 200bps in 6 mths
Budget deficit rising to 6% of GDP
Interest rate rose 75bps in recent past
GDP growth falling
FX reserves under $10 bn
KSE100 down 5000 this yr
tribune.com.pk/story/1748997/…
.@ImranKhanPTI has inherited a cracked economy (FC reserves down to 45 days of imports ie. $9bn) and so will be more than beholden to China, Russia, Iran, KSA and finally USA.
If any of the above push for winding down terror in India, he will listen.
tribune.com.pk/story/1766984/…
If any of the above push for winding down terror in India, he will listen.
tribune.com.pk/story/1766984/…
.@ImranKhanPTI gets cracking on his first priority - the economy.
Saudi-led IDB primises $4.5 bn
China enhances facility to $2 bn
Now the urgency of approaching @IMFNews is lower.
Saudi-led IDB primises $4.5 bn
China enhances facility to $2 bn
Now the urgency of approaching @IMFNews is lower.
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