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PAKISTAN GETS $3.68B DEBT RELIEF FROM G-20 COUNTRIES

TNT

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Even if we got relief for the time being, it doesn't stop the inevitable. There is no change in policies and governance and after a year we will be begging again. Thank you scumbag bajwa.
 

Enigma SIG

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Even if we got relief for the time being, it doesn't stop the inevitable. There is no change in policies and governance and after a year we will be begging again. Thank you scumbag bajwa.
Patwari ghaddaron ka khwab pura hojae ga. Dollar and petrol at 5,000.
 

Wood

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Pakistan’s leaders (somehow) must be up to the task to do what’s needed long run, even if it means becoming unpopular. I don’t see it happening, but there you have it.
The current administration has taken a lot of unprecedented unpopular measures to cut subsidy and raise taxes. Why do you not think that it is impressive? 🤔
 

Jungibaaz

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The current administration has taken a lot of unprecedented unpopular measures to cut subsidy and raise taxes. Why do you not think that it is impressive? 🤔
It is, but only really from a political perspective. The measures taken thus far are pre-conditions for bailouts mixed with some balancing acts. However, if IK had stayed in power, he would have had to take almost exactly the same steps. So there’s really nothing too impressive here, the reforms need to go much farther and ideally shake the elite power structure.

The PDM coalition basically took over knowing they were in for a period of difficult economic conditions, but I think they perhaps underestimated the volume of the task at hand and the price they would pay. By mid-May however, even if they realised the full extent, it was already too late and they’ve politically committed. Plus, in their warped political minds, bowing out of government would look weak and like an Imran victory.

Lastly, whatever they’ve done is not enough. We see this pattern every few years, crisis comes, we go knocking on doors, IMF places conditions, governments take public anger for a year or two and then don’t follow up with reforms by the middle and end of their term. Then back to square one.
 

Wood

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It is, but only really from a political perspective. The measures taken thus far are pre-conditions for bailouts mixed with some balancing acts. However, if IK had stayed in power, he would have had to take almost exactly the same steps. So there’s really nothing too impressive here, the reforms need to go much farther and ideally shake the elite power structure.
Very fair. Many PTI followers here credit Imran for devaluing PKR, but that is also just another IMF bailout condition which Imran was forced to implement. I've tried to explain the same reason that you have put forth here. :tup:
 

VCheng

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Lastly, whatever they’ve done is not enough. We see this pattern every few years, crisis comes, we go knocking on doors, IMF places conditions, governments take public anger for a year or two and then don’t follow up with reforms by the middle and end of their term. Then back to square one.

Hey, as long as it keeps working, why change the journey around and around the same roundabout? Let others take the highway if they want to go somewhere.
 

Jungibaaz

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Hey, as long as it keeps working, why change the journey around and around the same roundabout? Let others take the highway if they want to go somewhere.
Our people took a VERY long time to kick the British Raj out, so maybe we wait a few more decades? We can again become the poorest place on earth (not that we’re far off), and then maybe we’ll accidentally produce some revolutionaries who can channel the people to kick out the current elite. Either that or we might end up producing some fascists to blow the place to “kingdom come” as IK hyperbolically suggested that the generals should have done.
 

VCheng

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Our people took a VERY long time to kick the British Raj out, so maybe we wait a few more decades? We can again become the poorest place on earth (not that we’re far off), and then maybe we’ll accidentally produce some revolutionaries who can channel the people to kick out the current elite. Either that or we might end up producing some fascists to blow the place to “kingdom come” as IK hyperbolically suggested that the generals should have done.


All I can say here is :pop: and wait for whatever might or might not happen.
 

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