Bajwa’s regime change is turning out to be extremely costly for this country on numerous fronts as below.
# Unprecedented inflation,
# Massive unemployment,
# Crushing load shedding,
# Annihilation of export industry,
# Loss of international tourism along with opportunity to project soft image to the world,
# Progress in Dam Construction,
# Setback to a robust foreign policy,
# Lawlessness due to the combination of inflation/unemployment,
# etc, etc, etc.
However, the financial impact alone can easily run into 10s of Billions as below.
# Forex reserves: From more than $20B to less than $10B = ~ $11B
# GDP went down from more than 6% to ~ 2%. Drop by ~ 4%.
Pak GDP of ~ $350B = Loss to the economy to ~ $14B
# Decline in Roshan Digital Account: $B?
# State enterprises are again going under after a positive outlook from PTI's fundamental reforms. Don’t know the exact figures but probably in the range of $1 - 2B
# Dollar is reaching new heights which made our loans much more expensive. Don’t know how to quantify but conservatively probably between $5 - $10B.
# Moody's downgraded our credit rating which made our new loans much more expensive. $B?
# Imported regime is trying to sell institutions to his cronies sitting in UAE and Qatar at a huge discount and lopsided deals like they did with LNG and electricity capacity charges. $B.
Comes out to be at least $30B but suspect the actual figures are probably > $50B.
Unfortunately, this regime change will cost us 100s of Billions in next few years.
