$33B would be needed if you were to pay everyone off all at once for this year. What happens here is that once the IMF comes in with a program (let's say $1B), it opens the door for Pakistan to get into discussions with other bi-lateral, multi-lateral entities on their loans (since they look at IMF as the bellwether on Pakistan's economic feasibility) on rescheduling the payments to a later date and thus buying fiscal space. If the IMF delivers the $6B, it gives the government more breathing space by paying off the highest interest ones first.This country needs 33 billion to avoid default. Even if Imf gives us the remaining 1.3 billion then that money will be enough to run this country for another three weeks. What will happen after that? Reality is bitter and I believe Pakistan has already defaulted. We aren't Greece or Argentina. people are angry and I can't rule out civil war.
You understand this country much better than I do. I just want to hand over all jehadis to India so that we can trust each other again. Terrorism will not help us by any means. India can still help and send commodities. Problem is lack of trust and hate on both sides.
As much as we think the ones we borrow from are tired, they really aren't. For them Pakistan extending the payment is more interest payments. Each and every one of them knows that Pakistan is good for their money since the country is not going under.
Also, Pakistan is not asking for hand-outs or grants/donations, we are asking for loans to payback with interest. I'd rather that we did not need these loans but there isn't shame in asking for loans. What is shameful is the cyclical tendency and not breaking out of this dependence on foreign funding.