Mullah are cancer for this country,
It does not matter if Mullah is in Mosque, Madarsahs, TV, Govt or even in Judiciary...
Getting loan from IMF or World Bank are interest free? will they give without interest?
Who will give you loan without interest?
who will give you money on base of profit & loss a/c, its not risky? if bank eat money by saying they have loss on profit & loss a/c.
Why do you need IMF?
What is balance of payments?
Why do you even need dollar reserves?
All these things are connected to one thing ... world trade post Bretton woods.
Countries like Pakistan and Sri Lanka are at permanent loss. They'll never, Note Never, be able to keep up with the balance of payments.
If U.S. wanted to make Pakistan another South Korea or China... it could and still can... How?
By incentivizing imports from Pakistan of certain products, services or commodities. If it is electronic, Pakistan will be selling TV monitors, consoles, fixtures and accessories by the ship load and sending it where, U.S.!
But it doesn't...
however Pakistan still pegged to dollar necessitates purchase of dollar from open markets, it devalues home currency, reducing further value of goods and services produced in the country. An endless cycle of production that never seizes, needed to build enough reserves to furnish a limited amount of imports, especially oil.
Loans on interest are issued to stimulate spending and production... create needs... consider Japan that paid the borrower to get a loan(called negative interest rates)... Jumpstart spending, borrowing and create more inflation. It didn't work...