maximuswarrior
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@maximuswarrior
Rofl when you're cheerleading IMF bailout just tell me what are IMF conditions they will impose on us after the bailout.
Are you aware of it please post it here and if this is just food price rise I will not oppose it.
Please also tell for whom this bailout is for. Not the average taxpayer for the daakus and robbers in PIA to reward them for their 'great service' and political backing.
IMF is designed to suit US interests, what would be the conditions imposed? USA in every meet with a Pakistan icounterpart asked them when they will be comntacting IMF. And IMF in every meet has been showing displeasure in Chinese building infrastructure like roads in balochistan, dams in Azad Kashmir. This is just apiece of info. there is much more details in which US needs to attain leverage to arm-twist us according to their desires.
In early 70s Pakistan had partially defaulted under bretton woods when Mubashir Hassan was Finance Minister and the institutions themselves gave cushion to Pakistan.
IMF has already pushed half of Pakistan under poverty just for some thugs in the govt. its not going to hurt us thtat much.
Pakistanis have been squeezed so hard under IMF, even default is a great option it will rid us of this sh*thole public companies that have survived on taxpayer money to screw the taxpayer.
This corporate guy Asad Umar should deliver on his huge mainfesto like the diaspora bonds, or bringing taxpayer money back from corrupts bank accounts or reduce import bill.
PTI needs to deliver of imposing taxes on wealthy and privatizing these deadhorses PIA and steel mill. or just default.
We will survive, when we can survive IMF conditions we can survive anything
I have already explained that IMF should be the absolute last resort. Sometimes you just run out of options and we have to keep that in mind. PTI and the people of Pakistan got robbed by PML-N and PPP for the last 10 years. We are in this situation today because both these political parties destroyed Pakistan's economic outlook.
I am not an IMF cheerleader. I am a very strong critic of IMF/WB. I know their dirty dealings.
I strongly agree with your statements apart from the Asad Umar cheer leading for IMF remarks. As a leader you have to leave all options open because 12 billion dollars is a huge sum. You think PTI won't be exhausting all other avenues before knocking on IMF door?
If I were PTI I would try to exhaust all other options as much as possible and try to keep the IMF loan at a bare minimum.
PTI should try to renegotiate the terms of repayment. Try to buy some time. It is a new government with a lot energy and goodwill to repair the economic damage. If IMF doesn't become political it might listen. It is in best will of IMF to provide the new government some breathing space.
The day PTI gets into office they need to reach out to expats hectically.
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