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Is Pakistan poised for default in FY 2024?

the west can easily bail pakistan out of this,

cost is forgo china-pakistan “friendship”
The cost of that might be too high for Pakistan at this point, as they might just back an Indian invasion of Pakistan right after they get Pakistan to cut ties with China.


India is way more important for the west for the short to medium term.


The west is already backing a color revolution in Pakistan in the form of a Juan Guaido-like figure (Imran Khan).
 
The cost of that might be too high for Pakistan at this point, as they might just back an Indian invasion of Pakistan right after they get Pakistan to cut ties with China.


India is way more important for the west for the short to medium term.


The west is already backing a color revolution in Pakistan in the form of a Juan Guaido-like figure (Imran Khan).

you forgot where all the elite assets are

if u dont accept the candy

the west will choose some method more direct and painful
 
N league and Dar really fcked the country, and the establishment up.

Had they done what they promised and what Mian Mansha narrated to the buffoons with uniforms, aaj jo kuch ho raha hai na hota and the estab could have actually had something to stand on.

Their public perception would not have plummeted. As Wajaht Khan said, pehle ham aap par proud thay, aaj koi nhn hai.

Morons all around.

Let’s not divert our attention from the real culprits, N league & Dar are no body.
 
you forgot where all the elite assets are

if u dont accept the candy

the west will choose some method more direct and painful
All the money in the world will probably still not incentivize them to literally destroy Pakistan for Western interests.


The Military has been an institution since the beginning of Pakistan.


I doubt they will betray Pakistan to that level.


Russian Oligarchs had all their money in the west too.
 
Under the circumstances …. Default will be better. It will force the Pakistani establishment of Army, Busineeses and bureaucrats begin to think that enmity with India has cost them dearly.
 
All the money in the world will probably still not incentivize them to literally destroy Pakistan for Western interests.


The Military has been an institution since the beginning of Pakistan.


I doubt they will betray Pakistan to that level.


Russian Oligarchs had all their money in the west too.

you’re talking about people whos kids are already british/american
 
Under the circumstances …. Default will be better. It will force the Pakistani establishment of Army, Busineeses and bureaucrats begin to think that enmity with India has cost them dearly.
Default will lose their last backer, China.


If they Default, Pakistan is as good as gone.


The only thing propping Pakistan up is China.

you’re talking about people whos kids are already british/american
Russian Elites mostly live in London, lol.
 
If you don't understand what I said in the last 2 posts, then the one that doesn't understand what is being talked about is You.


Pakistan currently has a liquidity problem.


If I make money on my trade/investment, that means Pakistan's liquidity problem has subsided to a significant extent.


BTW, if the Pakistani Military lets Imran Khan keep disrupting the reforms, this can all get much worse.


Hopefully, the Pakistani Military disqualifies Imran Khan from holding office again through corruption charges so that the reforms can go more smoothly going forwards.


If the Pakistani Military hasn't gotten it through their thick skulls yet that they screwed themselves over completely by tricking their own members to join the Democratic Populist Personality Cult of Imran Khan, then they will never fix the economic situation.



Lol

You have either IQ issues or as selfish as a pig..

Hopefully, the Pakistani Military disqualifies Imran Khan from holding office again through corruption charges so that the reforms can go more smoothly going forwards.


You mean more corruption with out over site ..

More tinpot parties ?

Seriously do you even understand what you are saying ?
 
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Hope you can understand English …

Quote :


“The report asserted that the motto of the Pakistan Army officers seems to be 'Greed is Good'. There are innumerable scandals and sordid stories of the financial bungling, bribery, extortion, influence peddling by serving and retired generals for personal profit”



The west is already backing a color revolution in Pakistan in the form of a Juan Guaido-like figure (Imran Khan).

We wish that was the case .. cos your junta would have been kicked out by now
 
Default will lose their last backer, China.


If they Default, Pakistan is as good as gone.


The only thing propping Pakistan up is China.


Russian Elites mostly live in London, lol.
Unlike politicians like Dar, Central Bank Governors are professionals. So, when the ex-SBP chief says the Jig is up, it most likely is up.
 
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Ex-SBP chief Reza Baqir concerned by Pakistan’s proximity to default

Atika Rehman
June 18, 2023

<p>In this file photo, Reza Baqir gestures during a news conference at the State Bank of Pakistan office in Karachi on January 22, 2021. — Reuters/File</p>

Reza Baqir

LONDON: Former State Bank governor Reza Baqir expressed concern over Pakistan’s proximity to default, saying that he is “more concerned than ever”.

Speaking during the final session of the Pakistan Literature Festival, held here on Saturday, the former head of the central bank said that the country needs a constructive relationship with the financial institutions it seeks to rely on for support.

Titled ‘The root causes of Pakistan’s Economic Crisis and how to address them’ and moderated by Nadir Cheema, the all-male discussion panel also featured economist Ishrat Hussain, Zafar Masud and former FBR chairman Shabbar Zaidi.

“I always try to be cheerful in public communication. But it comes down to this: if you are a company or person who needs financial support to get through, it is the first step to have a constructive relationship with whatever financial institution will give you that support,” Dr Baqir told a packed hall.

“I am concerned because our relationship with the international financial community has not improved over the last few months. The deterioration comes in terms of substance and communication. If we want to avoid default, we have to have a constructive relationship with those who are there. We cannot antagonise the people whose generosity we need. But it looks like that is not where it is headed.”

He said if there is a default, Pakistan will go through a “painful, protracted process”.

“I was fortunate to be at State Bank during the Covid crisis, which was much worse. If we could come out of Covid, we can come out of this crisis. We need to address reasons that have brought us to where we are and have conviction that we can get out with course correction.

During the Q&A session, Mr Zaidi, the former FBR chairman, said: “Neither army nor political parties want to improve the real estate sector of Pakistan when it comes to taxation. Question is the will of the state when it comes to taxation. Chief of army of army staff himself asked me to decrease taxation in this sector.”

Mr Hussain said that 60pc of Pakistan’s GDP comes from agriculture, wholesale, real estate construction and transport, and that these sectors have a minimal tax burden. “The whole burden falls on the organised sector, and that gap is only discouraging more investment.”

He emphasised that Pakistan’s political instability creates further economic gloom.

“Give prime ministers five years, don’t manipulate elections, let them govern without fearing they will lose political space. Unwarranted interventions from forces are unconstitutional.”
 
maybe america can save us if we pivot to them

there's obviously geopolitics behind all of this
you dont have a place in american camp even if you beg for it! When will we pakistanis stop looking at shortcuts????? WORK WORK WORK is the only solution to our problems! No one else is goingt o save us... we have sold our soul to america countless times, and where are we today? being sell swords for few good years and than the misery takes over.... have some shame!
 
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