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IMF rejects borrowing request

Khan vilatey

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How will Pakistan pay for imports without $? Consider that your primary import is Oil. You need $10 billion worth of it every year :-)
Yes switching to the yuan does not mean you can’t buy oil , it just means your dependence on the imf goes away. We could possibly buy oil in yuan ( heheheheheh) or do buy dollars in time by selling our yuan …….. we could also be smarter and buy $ when the market is better. But to do this one needs to get out of slave mentality

k

k
 

Wood

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Yes switching to the yuan does not mean you can’t buy oil , it just means your dependence on the imf goes away. We could possibly buy oil in yuan ( heheheheheh) or do buy dollars in time by selling our yuan …….. we could also be smarter and buy $ when the market is better. But to do this one needs to get out of slave mentality

k

k
I'm not an economist, but your proposal sounds impossible. You export less than $2 Billion worth of goods to China. So how do you plan to buy Yuan?! If you sell PKR to buy Yuan that will devalue your currency even faster. I don't even have to mention to loss in conversion from PKR to Yuan and then to $ :laugh:
 

doorstar

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I'm not an economist, but your proposal sounds impossible. You export less than $2 Billion worth of goods to China. So how do you plan to buy Yuan?! If you sell PKR to buy Yuan that will devalue your currency even faster. I don't even have to mention to loss in conversion from PKR to Yuan and then to $ :laugh:
these strange people of the PDF/internet have some of the worst ideas ever. but if ever I dare confront any of them they quickly retort thus: I don't have 3 PhDs/3 MBAs for nothing.

in this here fantasy word they are all masters of business administration/economics among other things
 

Khan vilatey

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I'm not an economist, but your proposal sounds impossible. You export less than $2 Billion worth of goods to China. So how do you plan to buy Yuan?! If you sell PKR to buy Yuan that will devalue your currency even faster. I don't even have to mention to loss in conversion from PKR to Yuan and then to $ :laugh:
I am suggesting pegging the rupee to the yuan, like the dirham is pegged to the dollar.

to do this China will have to pay up all our international debt and add another 40-50 billion

this debt will be with one country the China , this would remove all foriegn pressure on our growth.

then instead of giving people sasti roti or other subsidies , the goverment could invest in massive overhaul in 3 sectors

1) vocational training to build mechanics, electriticiansn , farm technicians, welders and much much more so our people can contribute to the economy.

2) spend massive amounts. Of money in ease of doing business incentives like e -government. One could setup a company and get licensing to do things based on dominants in less than a week …… effective focus on governce so People don’t missuse our workers example is Germany the biggest some manufacturing base in the world where unions have true power but produce the greatest output

3) investment in judicial and police reforms to change our judicial system from preserving the process to giving justices. Pay judges more and give them real independents but do not allow them to interfere in governing . No more challenging contracts with sovereign garantees .

the police has to be a municipal subject people from the community should help police it

pay them real wages and take care of their dead as they are one of us not a colonial Sam raj

This will improve paksitan in 1-3 years and bring us prosperity like in the 60s

I know I dream but at-least I dream free and big


k
 

Wood

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I am suggesting pegging the rupee to the yuan, like the dirham is pegged to the dollar.

to do this China will have to pay up all our international debt and add another 40-50 billion

this debt will be with one country the China , this would remove all foriegn pressure on our growth.

k
So your brilliant idea is to ask China to take your debt and add more to it? Do you not know that the Pakistani Gov. goes to IMF instead of China because of the considerably high interest rates that China demands from Pakistan? Btw pegging your currency to China does not mean China will automatically become your only creditor.

I'm not sure if you are acting intentionally dense to troll this forum. I only hope that teenage Pakistanis who lurk this forum and learn economic terms for the first time do not learn illogical ideas like this 🤦‍♂️
 

doorstar

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I only hope that teenage Pakistanis who lurk this forum and learn economic terms for the first time do not learn illogical ideas like this
sometimes I believe/suspect that this is the whole purpose of these people if not of this place
 

maithil

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I am suggesting pegging the rupee to the yuan, like the dirham is pegged to the dollar.

to do this China will have to pay up all our international debt and add another 40-50 billion

this debt will be with one country the China , this would remove all foriegn pressure on our growth.

then instead of giving people sasti roti or other subsidies , the goverment could invest in massive overhaul in 3 sectors

1) vocational training to build mechanics, electriticiansn , farm technicians, welders and much much more so our people can contribute to the economy.

2) spend massive amounts. Of money in ease of doing business incentives like e -government. One could setup a company and get licensing to do things based on dominants in less than a week …… effective focus on governce so People don’t missuse our workers example is Germany the biggest some manufacturing base in the world where unions have true power but produce the greatest output

3) investment in judicial and police reforms to change our judicial system from preserving the process to giving justices. Pay judges more and give them real independents but do not allow them to interfere in governing . No more challenging contracts with sovereign garantees .

the police has to be a municipal subject people from the community should help police it

pay them real wages and take care of their dead as they are one of us not a colonial Sam raj

This will improve paksitan in 1-3 years and bring us prosperity like in the 60s

I know I dream but at-least I dream free and big


k
Good suggestion. I hope concerned authorities in Pakistan’s cabinet take note of such "out of box" thinking. Going to IMF every time and accepting their dictates should be the last resort.
 
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The only way Pakistan can break these shackles is through sustainable economic growth or some great unearthed natural resource... Neither seems possible due to corruption and geological realities...
Or pay taxes. How you think rest of the world lives? Pakistan perpetually lives on loans because too few pay taxes.
 

Bilal9

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That is the only thing that makes her get up in the morning, otherwise she would have committed satti a long time ago.
I am sure that is the assigned task from "Durga Vahini"...

Man these are some ugly-a$$ broads...🤮

This whole group is designated as a racist terror outfit by TRAC website, as is the RSS.

Take a look,

I just like to see informed discussions.
Pakistanis here are polite.

Although not saying it, what they're thinking is "Walaikum Tafat"....
 
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doorstar

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I am sure that is the assigned task from "Durga Vahini"...

Man these are some ugly-a$$ broads...🤮

This whole group is designated as a racist terror outfit by TRAC website, as is the RSS.

Take a look,

are they training to defend Hinduism/world Hindu family against crows, pigeons and balloons?
1637869845716.png

Members of Durga Vahini, the women's wing of hardline Vishwa Hindu Parishad, show their self-defense skills with firearms
 
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Khan vilatey

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So your brilliant idea is to ask China to take your debt and add more to it? Do you not know that the Pakistani Gov. goes to IMF instead of China because of the considerably high interest rates that China demands from Pakistan? Btw pegging your currency to China does not mean China will automatically become your only creditor.

I'm not sure if you are acting intentionally dense to troll this forum. I only hope that teenage Pakistanis who lurk this forum and learn economic terms for the first time do not learn illogical ideas like this 🤦‍♂️
See this is the problem out of the box thinking has, people are so use to thinking in their old ways that they cannot persevere things. pegging your currency only works with an active inclusion of the master country. This will allow China to lock in trade and help grow both our economies. This will also allow them to have a say in our economic development. Unfortunately slower methods will not work but revolutionary finical thinking will work. Why not have a flat tax in Pakistan at 10% but all have to pay it . Done by Poland in the 90s see where they got. Pegging done by UAE, Saudi, Brazil and see where they got.
I am suggesting creating a trading block like the euro on yuan….. I see that I did not spell this out. It could possibly be paksitan , China , Afghanistan Bhutan……..and maybe Russia.

to increase trade you need an industrial base and for that you need trained manpower and standards which all can only come if you invest in your people. We unfortunately are only able to pay debts to get out of this squeeze trap we need to work on growing our industrial base. We as a country have successfully destroyed our industrial base by continuously increasing our tax base for the 2 % of the population which pays taxes

i did not read your profile you are an Indian, my mistake should not have argued as you do not understand Pakistan’s problems

k
 

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