• Sunday, February 23, 2020

IMF sets very tough conditions for Pak to receive bailout package, shows no flexibility

Discussion in 'Pakistan Economy' started by AZ1, Apr 12, 2019.

  1. Sher Shah Awan

    Sher Shah Awan SENIOR MEMBER

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    If we help you kick him out, would you and others like you, start paying their taxes?
     
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  2. Shahzaz ud din

    Shahzaz ud din SENIOR MEMBER

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    Phoebus

    FULL MEMBER


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    25 messages in two years and giving bhashan on PDF:rofl::rofl::rofl:

    [​IMG]
     
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  3. VCheng

    VCheng ELITE MEMBER

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    Pakistan is in a situation that is beyond any one man, team or tenure to resolve. It will take time, effort and hardship, none of which appear to be in the amounts needed.
     
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  4. Shane

    Shane SENIOR MEMBER

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    @PakSword @Path-Finder @Farah Sohail @AgNoStiC MuSliM @Moonlight @Major Sam

    Moving on from earlier >post<...

    The current scenario in which the government is making mistakes and showing inexperience in its management affairs was expected from any inexperienced political team and a come what may, stubborn PM coming to power for the first time and that they will need at least a year to sort themselves and their management issues out, it is only human.

    But the situation is compounded because the economy is in crisis due mainly to the mammoth debt crater left by 10 years of unprecedented borrowing, loot and plunder.

    The situation is also magnified because of some key bad choices of IK Government other than Buzdar, like Gov State Bank and then there is the Punjab/Center bureaucracy where the corrupt are entrenched everywhere who want the old system to survive and yet IK appointed the very cronies of Sharif's and expected a different result? Lol.

    The situation is further magnified because the government has to pay back that mammoth debt discussed earlier by inevitably going on another IMF package. According to the pro government economic experts, all other aspects and possibilities of economic recovery have been exhausted like tourism etc even Oil&Gas, but it is all still a hit or miss and even a big hit is only beneficial in the long run.

    There is however a relatively quicker path to gain some economic breathing space for the poor people of Pakistan, all be it a drastic one...at the expense of the financially corrupt including PPP and PMLN leadership and their aiders and abetters...so be it, who cares.

    The solution is a Pakistani derivative of the Saudi model i.e. to make criminals pay back the loot.

    The Government should sit with the establishment and judiciary to work out and bring an ordinance against the economic pirates, their aiders and abetters. The posters here are requested to give their input as to how we can come up with some better laws than the ones suggested below...Something along the lines of the following off the cuff:
    • In case of such financial crimes involving public money or public property in excess of a hundred million rupees(or more), the case shall be Fast tracked in courts. Three months in trial court and one month each for appeals and review.
    • The punishment for such white collar financial crimes and jail terms from now onwards shall be double of earlier.
    • Once convicted, the criminals shall be put in common jails and cells. (No "home or rest house" sub jail luxuries)
    • If the convict opts for plea bargain then they shall be free to go after completion of 1 year jail term. The benefit of early ple bargain shall entitle the convict to get A class in jail for the remainder of the aforementioned 1 year reduced sentence. The plea bargaining convict shall stand disqualified for only 10 years (instead of life DQ) to hold any public office.
    • If the convict does not do plea bargain then two generations of his/her blood line (of the economic pirate) shall be disqualified to hold any position in Government (the two generations still can run for elections and become common members but not hold any position of power in government.)
    • The convict shall not get any class, or special treatment in jail.
    • There shall be no bail allowed to convict during appeals.

    To simply put it in so many words; If they don't plea bargain then they can rot in common jail cells without any facilities for the rest of their lives...

    The nature of affluent, white collar, elitist criminals is such that they will not be able to spend a week in any of our common jail cells. If they still develop guts and dont pay up, then good for them to live like those they looted - like majority of Pakistan - instead of ever be able to enjoy their looted wealth.


    The bottom line, the reason for this is Pakistan and it should be clear; If we, the educated masses couldn't prevent the economic destruction of Pakistan at the hands these white collar criminals then we might as well try to avenge it using the law.
     
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  5. Pakistansdefender

    Pakistansdefender SENIOR MEMBER

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    I might be wrong but the current mess we are in would take Atleast ages to Correct .
    Who make our minds with narrative? Media..
    What was the debate before caretaker government?
    That even if Pti formed government, they would not be able to run it due to the fucked up economy.
    Even Allah bhi un ki halat nhn badalta Jo apni Halat nhn badalta.
    Imf agreed not to free float.
    Ab ager imf keh raha hai ke do reforms in gas and electricity and you cannot give subcidie.. Then government has to do Reforms this time otherwise they have to. Increase price which would be detrimental for them.
    Maybe this time they would be able to Do reforms under pressure Otherwise previous governments do data fudjing and Americans give them waivers .
    Again mind you this pacakage is the given after we kissed the feet of Americans and gave them some real Progress in peace talks by forcing Afghans to sit with government.
    The current trump regime is a bully..
    They know where to pressure Pakistan and they have the support of india.
    If we help them, Indians can weep all they want, but if we don't they would side with them .
     
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  6. PakSword

    PakSword PDF THINK TANK: ANALYST

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    To be honest Shane... I think we as a nation deserve corrupt leaders.. I have completely stopped thinking about the current government now.. Nation deserves Nawaz and Zardari families and in shaa Allah it will get them sooner rather than later..

    I just want to see India humiliated at the hands of a Muslim Army and that's it.. that's my only wish now and I hope and pray to Allah that it comes true in my lifetime..

    Please you also stop thinking too much about the future of Pakistan... It's a sinking ship which has been destroyed by the very people on board.. and when someone tries to stop the madness, they curse him, beat him and kill him. Let such people go down with the ship. You just try to get a life boat and run away from the mad people on board as far as possible..
     
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  7. KeyBORED Warrior

    KeyBORED Warrior FULL MEMBER

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    I remember Mifta Ismail saying last year that he'd give PSM free to anyone who agrees to buy PIA and he was darn serious about it. It never materialized and now we have a loss making enterprise which incurs losses to the tune of almost 50billion PKR ! Now that's a lot of money which can be utilised elsewhere. Agreed many employees will be laid off but making a small sacrifice for the greater good of the country should be our priority. If PIA is worth 20billion dollars heck even half of that, it ll be enough for us to not go to the IMF.
     
  8. ColonelSanders

    ColonelSanders FULL MEMBER

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    You will have to thank PPP and Zordari for the destruction of PIA.
    As a nation, we have corruption in our veins. There are a lot of good people around but given the opportunity, even a "Rerhi Wala" will scam you in Pakistan. But one thing is for sure that in a society like this, corrective measures start at the top. InshaAllah one day we will be able to mitigate this corruption to a level that it is no longer a cancer for the country.
     
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  9. jupiter2007

    jupiter2007 SENIOR MEMBER

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    Stoning to death punishment should apply to those who did corruption and money laundering. There will be no more corruption after one month.
     
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  10. Shane

    Shane SENIOR MEMBER

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    Ditto...
    Hmm, can't say that I haven't been made to contemplate this option many a times...
     
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  11. jupiter2007

    jupiter2007 SENIOR MEMBER

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    Establishment is equally responsible for letting them bankrupt the country.

    Establishment left all the doors open and now blaming corrupt mafia for bankrupting the country.
     
    Last edited: Apr 13, 2019
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  12. PakSword

    PakSword PDF THINK TANK: ANALYST

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    Nothing will happen shane.. Almost everyone is corrupt in my country.. Just see what's in store for Pakistan in the coming future.. I don't see a light to be honest..

    The establishment that considers saving Pakistan its prime duty couldn't identify the real enemies.. People rank ISI as one of the top, I would rank it as one of the worst.. It was establishment that played a game between two corrupt regimes (IJI/PMLN and PPP) and in between, it made its own profits....

    And our judiciary?? Al Amaan Al Hafeez.. Aur Awam? Wah.. no example in the history of mankind.

    Three things:

    1 - Allah ki rassi ko mazbooti se thamay rakho aur tafarruqay main na paro..
    2 - Sood Allah aur uss ke Rasool ke khilaaf jang
    3 - Jis qaum main influentials ko chhor diya jaey aur ghareeb ko saza di jaey.. woh tabah..

    Hum in 3 pe poora utartay hain aur ummeed oil ki laga ke baithay hain.. abb tou apnay aap pe hansi bhi nahi aati qasam se...
     
  13. KeyBORED Warrior

    KeyBORED Warrior FULL MEMBER

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    My friend said it, death sentence nothing less for corruption. Make it quick, make it fast, just make an example out of NS and Zardari. Two bullets is all it takes to turn the fate of this wonderful country.
     
  14. Verve

    Verve ELITE MEMBER

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    I wish for Pakistan to tough it out without the IMF bailout.
     
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  15. zeeshe100

    zeeshe100 FULL MEMBER

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    Imran Khan is the only hope say no to chor nawaz and 10% zardari ..
     
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