I think there is a case of cart before the horse here. A plan of the complexity which this one appears to be could not have been hatched locally.
Imran Khan has to have the political capital that only a solid majority victory based mandate can give.What was imran khans plan to avert imf?
Imran Khan has to have the political capital that only a solid majority victory based mandate can give.
Once he has that he has to make a new social contract between the state and the establishment and the elites; culminating in a bailout/privatization of SOE to stop the bleeding and revamp industrial output and to raise tax revenue. The sentiment is there almost some elites that “To whom much is given, much is required”; Noblesse Oblige.
Renowned Pakistani singer and actor Ali Zafar who feels no hesitation over shedding light on social issues, has asked the political leaders to donate five percent ofwww.24newshd.tv
This would not be that different from the South Korean Gold collection plan in the aftermath of the 1998 East Asian economic crisis.
Once he had that, his administration can setup a social contract with the general public; taxes for social services at fixed percentages to revenue, regardless of national debt.
A stable political system will restore confidence in overseas Pakistanis, IMHO. Should the wealth and politicians of Pakistan actually donate, 5% of their wealth as Ali Zafar suggests, we could see overseas pakistani invest back into Pakistan in a big way; beyond just real estate but actual industrial and agricultural modernization. After which Chinese investors could regain confidence to invest (as in shared risk, not just loaning money) into phase 2 of CPEC.
Refinancing foreign loans, and increasing FDI from other investors during the upcoming global recession could see Pakistan bounce back stronger then ever, if done correctly.
That’s why the first step was the re-election of IK with a solid majority. Followed by a new contract between the state and establishment and elites, requiring the establishment and elites to cough up money for the sake of the nation.It’s a viable option, however, the trust factor is completely destroyed between people and state and as for overseas Pakistanis it’s not going to happen. Only reason you see cash flow coming into Pakistan is due to Rupee weakening and international players buying it up and once strengthened they’ll cash out, I’m doing the same as well it’s not out of sympathy just business.
Only a dumbass would give any govt. made of PPP/N 5% or more of there wealth.
To beg?Usually a visit from Pakistani COAS to China is announced in Pakistani media ahead time and such visit receives some media coverage as well as coverage here on PDF. However Chinese's affiliated media has disclosed that Pakistani COAS Gen Bajwa's has visited China on June 11, 2022 and posted a photo of this visit. I am not sure how come Pakistani media and PDF has not discussed the pre-visit announcement, or lack thereof.
Alos there is something interesting about this visit. Back in 2019 when Gw, Bajwa visited China, he met Commander of People’s Liberation Army China, Gen. Han Weiguo. In May 2020, Gen Bajwa met president Xi during his visit to China.
However yesterday, during his un-announced visit to China, Gen Bajwa met Vice Chairman of Chinese Central Military Commission, instead of meeting Commander of People’s Liberation Army China or meeting president of China. I might be thinking to much into this, but has something changed about Gen Bajwa's visits to China.
So you are attributing all this to Nov 22 change over. I again think this line is devoid of logic. An army chief of any ilk follows the interests of his own force. There maybe a few concessions but a carte blanche control over the army is not going to be possible due to divergent interests. So sooner or later the new army chief would have gone his own way.You do have a point and I was also thinking what would be a reason for big B to go all out.
However recent vlogs from Maj. Adil Raja & Haider Mehdi points towards a reason. I think we might get a hint regarding the reason of all this by November 2022.
We are talking of 1 billion dollar tranche. This should not have been a problem with a developing economy. The change over to Russian fuel and wheat alone could have saved us 7billion ( 6 Billion from a 20 billion billAlthough how much could we have bought remained to be seen plus roughly 1 billion on wheat). The IMF could have been convinced as they only wanted assurances the provinces will pay their dues in writing. So even the IMF was doable. The reserves would have tumbled down to 10 billion but with rising exports and rising remitences we would not have suffered as much as we are currently. This condition is because of lack of planning and therefore getting confused and worried. If you show weakness or lack of preparation to the west they will squeeze you for all you are worth.What was imran khans plan to avert imf?