After today’s PIB auction results. The first decision on the new finance minister, I’m expecting a one percent cut in the policy rate on Monday SBPMinistry of Finance, Government of Pakistan
ECC approves gas price increase summary. This means next IMF tranche approval is guaranteed. Gas circular debt will decrease and Cash flow and profits will increase for OGDC, PPL, SSGC and SNGPL. Excellent for PSX
Please thank AM for instructing our team to lose and lose big. Depressed people spend less, therefore improving our current account. Best economic policy ever!!!
2of 2 none from China hub coal, none from port Qasim coal and most fuel oil plants shut!!! Remember we are paying capacity charges for these plants. Therefore stop adding capacity
One of the reason for the high cost is not the contracts but the fact we have way too much expensive capacity. Last week we generated the most electricity in our history, over 25,000 MW. That generation was with all wind curtailed to 40%, no production from original hubco, 1of 2
The PSX is on a bull run, expected to cross 50,000 this week. Please remember that the value of a stock is the present value of future earning and political situation. Therefore, this bull run is the market, thanking god, that Dar is leaving as FM!!!
Sorry state of our banks and our Regulators. SBP defers implementation of IFRS-9 for another year. Why would anyone invest in our banks, if they are too afraid to follow international accounting standards!!!
Sbp/GOP raised 144 billion by selling PIBs, against a target of 100 billion. Therefore they have 44 billion extra than they need. But they are telling Supreme Court they dont have 21 billion for elections!!!
All of karachi and most of Pakistan without power. Get used to it, the way the economy is going, this is going to become a regular feature!!! Enjoy it while we have diesel….soon that will be short
Inflation has just started, without IMF, inflation will skyrocket. Just from Friday to Saturday. KNN increased boneless chicken by Rs. 60 per kg, Imtiaz basmati rice by Rs. 40 per kg and unfortunately the list goes on and on
Pakistan’s elite capture is best proven by the fact PDL at Rs. 50 is currently being charged on petrol (used by motorcyclists) and Rs. 30 on HOBC, used by the rich. This will be rectified on the 16th. But should never have happened
Glaxo has stopped manufacturing Panadol. Get it if you can before it totally runs out. Enjoy the imported version at 30 times the cost. Brilliant government policy!!!
Elites cry crocodile tears over 🇵🇰; claim 'forced' to flee to Western shores for 'better life.' None acknowledge endemic challenges are self-inflicted/consequences of elite capture propping up their existence. 🇵🇰 sucked dry, they seek lands where extraction possible. 🧵
As my power goes off at 6:30 this morning, I curse PDM for reducing 300 MW from karachi, and relish in PTI’s victory in Punjab. They still haven’t concluded/finalized the imf, all they have done is raise interest rates and reduce the value of the rupee and the PSX
Since SS became PM, stock market has gone down (4,706 points), 10.2% annualized 49.7%, and the rupee has fallen by Rs. 24.86, (13.9% or 75% annualized). We are headed for 70% inflation like Turkey, unless we take corrective actions quickly.