PTI Govt 200 days... Analysis by Muhammad Zubair

*PTI Government Completes 200 Days*:

1- More than 400 development projects have been shut down
2- Gas tariffs have increased 143%
3- Electrify tariffs for domestic users increased by PKR 2.70
4- Decrease of USD 1.75 billion in foreign reserves
5- News taxes, worth PKR 178.00 billion, imposed in Mini Budget
6- Internal and external debt volume increased by PKR 2,000.00 billion
7- inflation gone up to 8.2% - almost double from last year
8 - policy rate gone up to 10.25% from 5.75% last year
9 - tax revenue growth worst in 20  years.
10 - GDP growth in a fast decline with large scale manufacturing in negative, agriculture growth almost stagnant.
11- Fiscal deficit widens significantly compared to last year. Expenditure also significantly goes up.
12 - Circular Debt gone up from 1.1 tr to 1.6 tr - fastest increase in our history.
14. - at the end of June, PTI govt will post the highest fiscal deficit (amount wise ) in our history.
15 - in spite of massive devaluation, exports increased only 2% in last 8 months. Compare that with 13% increase in last fiscal year.
16 - regarding debt increases, it’s the fastest accumulation in our history
17 - unemployment is rising by the day and its expected that by fiscal year end, 600,000 Pakistanis will have lost their jobs.
18 - most alarming news is that due to poor economy, MORE THAN 4 MILLION PAKISTANIS WILL GO BELOW POVERTY LINE.

- Mohammad Zubair

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