Abdul Samad Zain’s Post

Pakistan’s economy faces a staggering daily loss of approximately $675 million due to ongoing protests, according to Finance Minister Muhammad Aurangzeb. The disruptions—fueled by political turmoil surrounding election disputes and the detention of Imran Khan—are devastating critical sectors across the country. The GDP takes the biggest hit, losing around $512 million daily, with exports plummeting by $92 million, agriculture suffering $92 million, and industry losing $71 million per day. Additionally, tax revenues and foreign investment are being deeply undermined, while rising security expenses add to the strain. This alarming economic toll underscores the pressing need for stability and resolution to safeguard Pakistan’s already vulnerable economy from further decline. #PakistanEconomy #EconomicCrisis #Protests #PoliticalUnrest #GDPImpact #ExportDecline #StabilityNeeded #EmergingMarkets #EconomicReform #InvestmentCrisis

The World Bank has approved a $2.25 billion support package for Nigeria to aid in its crucial economic reforms. This includes $1.5 billion for the RESET program and $750 million for ARMOR. President Bola Tinubu is committed to reducing reliance on oil revenues and addressing inflation. Despite initial setbacks, there's optimism for a stabilized economy and reduced poverty. This package aims to provide immediate financial and technical support, ensuring fiscal sustainability and growth. Let's watch how these reforms unfold! Read more at https://lnkd.in/du-B6ey4 #Nigeria #WorldBank #EconomicReforms #Finance #Development #SustainableGrowth #Inflation

Pakistan is grappling with a staggering external debt of $130.1 billion, presenting a formidable financial challenge. To read more about Pakistans economic condition, visit: https://lnkd.in/dwv6r9Wf #PakistanDebt #FinancialChallenge #EconomicBurden #DebtCrisis #NationalFinance #Struggle #Pakistan #DebtManagement #EconomicStability #FinancialFreedom

Pakistan 🇵🇰 finds itself in a vicious cycle: Borrowing to repay interest. This unsustainable path is hindering development and creating a heavy financial burden. It's time for a serious overhaul of our economic policies to break free from this debt trap. #PakistanEconomy #DebtCrisis #EconomicReforms

The Pakistan Government must address the rampant injustices and misuse of power, which are pushing the nation to the brink of desperation. If these issues persist, they could culminate in a crisis worse than the French Revolution, with devastating consequences for those in power. The following systemic problems highlight the urgent need for reform: • Closed Roads: Frequent road closures disrupt daily life and reflect a lack of governance and planning. • Lack of Justice: The judicial system often fails to deliver justice, with laws being selectively applied and favoring the powerful. • Misuse of Power: Corruption and abuse of authority are widespread, eroding trust in public institutions. • Limited Opportunities: The government fails to provide adequate education, jobs, and economic prospects, leaving citizens without hope. • Stagnant Development: Infrastructure and public services remain underdeveloped, showing no significant improvement over time. • Selective Law Enforcement: Laws seem to apply only to the poor, while the rich and powerful operate with impunity. • Excessive Tax Burden: High taxes further strain the already struggling population, with little accountability for how funds are used. • Widespread Corruption: Corrupt practices permeate all levels of governance, stifling progress. • Incompetent Officials: Government positions are often occupied by unqualified individuals who prioritize personal gain over public service. • Low Moral Standards: A decline in ethical values among leaders has set a poor example for the nation. • Escalating Debt: The country’s rising debt burden jeopardizes its economic stability and future growth. If these issues remain unaddressed, the growing frustration among citizens could lead to widespread unrest, forcing a reckoning for those responsible for the nation’s decline. Urgent action and reform are needed to prevent further deterioration. #Pakistan #economy #failedSystem

Pakistan faces a staggering daily loss of Rs. 190 billion due to pro_tests, says Finance Minister Muhammad Aurangzeb. These disruptions, driven by issues like Imran Khan’s detention and election disputes, are crippling key sectors. The GDP suffers Rs. 144 billion in daily losses, with exports dropping by Rs. 26 billion, and agriculture and industry losing Rs. 26 billion and Rs. 20 billion, respectively. Tax collections and foreign investment are also severely impacted, alongside increased security costs. The prot_ests highlight the urgent need for stability to prevent further damage to Pakistan’s fragile economy. #Pakistan #Economy #Economic #Losses #StabilityNeeded

[SPONSORED] Get ready for today's episode of #CBEA! In this episode, we will explore: The Uganda Finance Ministry's announcement of budget cuts, a review of the country's foreign exchange performance, and Turkey's recent agreement with Uganda regarding the Standard Gauge Railway (SGR) project. To get a feel of how this is impacting markets, join Chad Nyakatura, Manager: Money Market Sales, Stanbic Bank. 🔗Tune in live: https://lnkd.in/dNhHYmS #GlobalMarkets #MarketUpdates Stanbic Bank Standard Bank Group

Likeable policy because of it's plausibility and feasibility! Why? Because policies can either cripple or flourish a nation! =================================== #BankingSector The National Bank of Ethiopia mandated commercial banks to purchase bonds issued by DBE, amounting to one percent of their annual loans and advances. Perhpas unique to Ethiopia, the policy has raised 39.04 billion Br over three years, restoring DBE’s financial health. Senior macroeconomist Tewodros Mekonen (PhD) noted the unusual nature of mandatory bond purchases, attributing their role in the Bank’s recovery. Read more https://ow.ly/SY1c50Sf9B4

Yemen’s Financial Sector: Survival in a Cash-Dominated Economy. The World Bank just completed the #Yemen #Financial #Sector #Diagnotics. The analysis reveals how resilience and adaptability have helped the sector sustain itself despite significant barriers. First among these are years of #conflict that have distorted economic activity, resource allocation, and hindered long-term planning and development. Here are the key findings: * Heavy Reliance on #Cash: With limited formal banking infrastructure, Yemen’s economy remains largely cash-based, which affects everything from small purchases to large-scale transactions. * Underdeveloped Banking Infrastructure: Formal credit #intermediation is underutilized, slowing down economic growth, as most economic activity relies on cash transactions. * #Liquidity Constraints Limit Growth: Cash-based systems often meet immediate consumption needs, but they also hinder long-term investments, reducing opportunities for job creation and wage growth. * #Adaptation of Financial Players: Banks and #money #exchangers are the primary financial players in Yemen. Interestingly, money exchangers, with a liquidity-focused model, have proven particularly well-suited for Yemen’s economy, gaining an advantage in this cash-dominated market. You can find the full report here: https://lnkd.in/gwewAEFX Congratulations to Mario di Filippo and the long list of colleagues that contributed to this report under the guidance of Stephane Guimbert, Nadir Mohammed, Tania Meyer, Dina Abu-Ghaida, and Djibrilla Issa.

In 2023, ADB committed $1.6 billion in loans and grants to Pakistan. The bank's support focused on boosting domestic resources, enhancing women-inclusive finance, supporting flood recovery and road infrastructure, and improving food security. Read this #ADBFactSheet for an overview of ADB's Pakistan operations. https://ow.ly/C7IF50SC7Sw