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IMF to Pakistan 'Do More"

TheDarkKnight

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Does anyone a remember a munafiq who before elections used to say he will commit suicide before he take loans?

Has he committed suicide now?
Oh so this was PMLN plan to get rid of PTI … bury Pakistan in loans, capacity payment agreements and low exports so PTI govt is then forced to take IMF bailout in contradiction to their earlier slogans, and the IK just hangs himself?

Anyway you need to lookup something called figure of speech.
 

fisher1

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Oh so this was PMLN plan to get rid of PTI … bury Pakistan in loans, capacity payment agreements and low exports so PTI govt is then forced to take IMF bailout in contradiction to their earlier slogans, and the IK just hangs himself?

Anyway you need to lookup something called figure of speech.
To these dirty politicians, promises are figure of speech to fool awam like me to vote for him but these are signs of Munafiqeen.

Abdullah bin Amr bin Al-as (RA) reported: Rasulullah (SAW) said: “Four are the qualities which, when found in a person, make him a sheer hypocrite, and one who possesses one of them, possesses one characteristic of hypocrisy until he abandons it. These are: When he is entrusted with something, he betrays trust; when he speaks, he lies; when he promises, he acts treacherously; and when he argues, he behaves in a very imprudent, insulting manner.” (Al-Bukhari)
 

TheDarkKnight

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To these dirty politicians, promises are figure of speech to fool awam like me to vote for him but these are signs of Munafiqeen.

Abdullah bin Amr bin Al-as (RA) reported: Rasulullah (SAW) said: “Four are the qualities which, when found in a person, make him a sheer hypocrite, and one who possesses one of them, possesses one characteristic of hypocrisy until he abandons it. These are: When he is entrusted with something, he betrays trust; when he speaks, he lies; when he promises, he acts treacherously; and when he argues, he behaves in a very imprudent, insulting manner.” (Al-Bukhari)
Then you should also know that suicide is haram as well.
 

fitpOsitive

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The stake holders in Pakistan should decide now, whether to keep living a beggers life, or we are ready to take control of our own affairs now.
 

Jungibaaz

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Devalue PKR, remove subsidies, raise your taxes, your growth is poor? Too bad, cut it more in the service of less CAD, build your reserves, and then pay us back. That’s always the modus operandi of the IMF. It’s why having alternative sources like the Saudis is so useful.
 

nahtanbob

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Devalue PKR, remove subsidies, raise your taxes, your growth is poor? Too bad, cut it more in the service of less CAD, build your reserves, and then pay us back. That’s always the modus operandi of the IMF. It’s why having alternative sources like the Saudis is so useful.
The objective is to make your exports more competitive

Why work for a living if the government is subsidizing everything ? @Jungibaaz
 

Jungibaaz

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The objective is to make your exports more competitive

Why work for a living if the government is subsidizing everything ? @Jungibaaz
I don’t think it goes that deep with IMF demands to be honest. It’s usually a short-to-medium term effort to make sure that the IMF gets paid back, and the financial position of the borrower is improved. Export competitiveness is a longer term project. In Pakistan’s case for example, cutting CPEC machinery imports doesn’t help export competitiveness, but it does improve CAD in the short term.
 

VCheng

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Devalue PKR, remove subsidies, raise your taxes, your growth is poor? Too bad, cut it more in the service of less CAD, build your reserves, and then pay us back. That’s always the modus operandi of the IMF. It’s why having alternative sources like the Saudis is so useful.
Saudi aid is useful, but how does one balance the national books if not by following the IMF prescription?
 

Jungibaaz

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Saudi aid is useful, but how does one balance the national books if not by following the IMF prescription?
By doing long term structural reform, IMF procedures are okay for the short term. But they don’t really guide you to beyond their loan maturity.

What’s to be done in the LT is a massive subject area, frankly not one I’m fully qualified to opine about.
 

VCheng

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By doing long term structural reform, IMF procedures are okay for the short term. But they don’t really guide you to beyond their loan maturity.

What’s to be done in the LT is a massive subject area, frankly not one I’m fully qualified to opine about.
IMF is bound by its charter for its member states, including the beneficiaries. And you are correct in alluding to the fact that long term solutions must be the responsibility of the nation itself, while using IMF rescues only for the short term according to basic principles of financial discipline. The fact that Pakistan has had to go back to IMF so many times, and even then failed to complete a single bailout according to the agreed upon terms speaks of a deeper and fundamental problem that we chose not to fix, intentionally.
 

Jungibaaz

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IMF is bound by its charter for its member states, including the beneficiaries. And you are correct in alluding to the fact that long term solutions must be the responsibility of the nation itself, while using IMF rescues only for the short term according to basic principles of financial discipline. The fact that Pakistan has had to go back to IMF so many times, and even then failed to complete a single bailout according to the agreed upon terms speaks of a deeper and fundamental problem that we chose not to fix, intentionally.
Do you know what the terms usually entail? Why they aren’t achieved? Specifically what are we talking about missing a reduction in subsidies target by 0.25bn? Missing a CAD target by x % of GDP?
 

Pakistan Space Agency

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Pakistan should NOT go for any IMF/WB loans, period. Pakistan's Government should make it a priority to get pay off and shut down all IMF/WB or Western based loans, permanently. ...
Do you even know how much of the $123 billion of the external debt that Pakistan owes, actually belongs to the IMF, World Bank and the Western countries?

Let's say, Pakistan needs to pay back $10 billion this year. Where will this $10 billion come from? For starters, Pakistan doesn't have $10 billion lying around and neither is anyone willing to lend $10 billion interest free to Pakistan.

That popular theory that, when the incompetent PTI Government comes to power, Switzerland will empty it's banks and fill up Pakistani banks with $200 billion, doesn't seem to be working.
 

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