Dar has said that we now have to learn to live without the IMF.

[Imran Khan]

Have to live without IMF, Says Dar after imposing plethora of taxes on nation​

Finance Minister said it is a surprise to world that Pakistan has not and will not become Sri Lanka, All payments are timely, Pakistan will not default​

Web Desk11 hours ago




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Federal Finance Minister Ishaq Dar has said that we have to learn to live without IMF. Economists say that if we had to live without IMF, we would have to accept their demands on people. Why was the tax burden of 170 billion rupees imposed? What was need to make petrol and diesel expensive? What was need to increase prices of electricity? Ishaq Dar answer these questions.
These views were expressed by Finance Minister Ishaq Dar while addressing a function organized by Islamabad Industrial Association in Islamabad yesterday.
Ishaq Dar said that it is a surprise for the world that Pakistan has not made Sri Lanka and will not make it, Pakistan will not default, all payments are timely, Pakistan will not default.
FIR filed against protesting women in Peshawar, distributing death in the name of flour and ration in KPK and Punjab
The Federal Finance Minister said that all the pre-conditions of the IMF have been fulfilled, we have to learn to live without the IMF, during the first 8 months of this financial year, Pakistan’s external debt has decreased by 4 billion dollars.
He again lit the lamp of hope and said that the staff level agreement on the IMF program will be done soon, the board meeting will also be held.
He said that Pakistan is not made to default, the finance minister asked the business community for budget suggestions.
Addressing the event, he said that Pakistan was a macroeconomically unstable country in 2013. In the last 6 to 7 months there were talks of default, during the year 2013 to 2017, Pakistan became the 24th largest economy in the world.
Ishaq Dar said that Pakistan was going to join the list of G20 countries. He said that in the last five years, Pakistan has become the 47th economy in the world. However, we have to leave these things behind and move forward. The finance minister said that the developing Pakistan was not noticed by anyone, Allah Almighty has to protect this country himself, threats of sanctions were given to prevent explosions in comparison with India. If Pakistan was not a nuclear power, there would have been more problems. Nawaz Sharif’s decision will be written in golden letters in history.
He said that if everyone works together, then Pakistan can be fine, if they work together, then Pakistan can take off. 33 thousand LCs were pending when he came to the ministry, stopped the decline in Pakistan, now it has to be completely reversed.
He said that from 2013 to 2018, the economy increased by 126 billion dollars, the next 5 years only increased by 26 billion dollars, efforts are being made to bring the foreign exchange to 12 to 12 billion dollars by June 30. Pakistan will develop, deficit will be controlled.
https://news360.tv/en/business/have...r-after-imposing-plethora-of-taxes-on-nation/

 

[Asimzranger]

 

[El Sidd]

Pakistanis must learn to live within their means and without political families.

 

[That Guy]

Pakistanis must learn to live within their means and without political families.

Good luck paying off your debts that you borrowed without financial help.

 

[Dalit]

Pakistan is Greece on steroids.

 

[El Sidd]

Good luck paying off your debts that you borrowed without financial help.

We may be able to pay off the debt but we will never be able to pay off the interest on it. Hence Supreme Court has barred dealing in interest.

 

[Abdul Rehman Majeed]

Good luck paying off your debts that you borrowed without financial help.

We should just default. There is no need to pay.

 

[Imran Khan]

ساقا کنجر دھمکیاں تو ایسے چڑھا رہا تھا آئی ایم ایف کو جیسے اسکی ماں کے یار ہوں ۔ اب ساری ہیکڑی نکال دی آئی آیم والوں سے مہنگائی بھی کرائی اکانومی تباہ کروا دی جوتے بھی مارے ذلیل بھی کیا اور دیا ایل بھی نہیں

 

[Asimzranger]

dar has left pmln and joined tlp

 

[khansaheeb]

Have to live without IMF, Says Dar after imposing plethora of taxes on nation​

Finance Minister said it is a surprise to world that Pakistan has not and will not become Sri Lanka, All payments are timely, Pakistan will not default​

Web Desk11 hours ago




Share
Facebook Twitter LinkedIn Messenger Share via Email Print

Federal Finance Minister Ishaq Dar has said that we have to learn to live without IMF. Economists say that if we had to live without IMF, we would have to accept their demands on people. Why was the tax burden of 170 billion rupees imposed? What was need to make petrol and diesel expensive? What was need to increase prices of electricity? Ishaq Dar answer these questions.
These views were expressed by Finance Minister Ishaq Dar while addressing a function organized by Islamabad Industrial Association in Islamabad yesterday.
Ishaq Dar said that it is a surprise for the world that Pakistan has not made Sri Lanka and will not make it, Pakistan will not default, all payments are timely, Pakistan will not default.
FIR filed against protesting women in Peshawar, distributing death in the name of flour and ration in KPK and Punjab
The Federal Finance Minister said that all the pre-conditions of the IMF have been fulfilled, we have to learn to live without the IMF, during the first 8 months of this financial year, Pakistan’s external debt has decreased by 4 billion dollars.
He again lit the lamp of hope and said that the staff level agreement on the IMF program will be done soon, the board meeting will also be held.
He said that Pakistan is not made to default, the finance minister asked the business community for budget suggestions.
Addressing the event, he said that Pakistan was a macroeconomically unstable country in 2013. In the last 6 to 7 months there were talks of default, during the year 2013 to 2017, Pakistan became the 24th largest economy in the world.
Ishaq Dar said that Pakistan was going to join the list of G20 countries. He said that in the last five years, Pakistan has become the 47th economy in the world. However, we have to leave these things behind and move forward. The finance minister said that the developing Pakistan was not noticed by anyone, Allah Almighty has to protect this country himself, threats of sanctions were given to prevent explosions in comparison with India. If Pakistan was not a nuclear power, there would have been more problems. Nawaz Sharif’s decision will be written in golden letters in history.
He said that if everyone works together, then Pakistan can be fine, if they work together, then Pakistan can take off. 33 thousand LCs were pending when he came to the ministry, stopped the decline in Pakistan, now it has to be completely reversed.
He said that from 2013 to 2018, the economy increased by 126 billion dollars, the next 5 years only increased by 26 billion dollars, efforts are being made to bring the foreign exchange to 12 to 12 billion dollars by June 30. Pakistan will develop, deficit will be controlled.
https://news360.tv/en/business/have...r-after-imposing-plethora-of-taxes-on-nation/

An unproductive society that relies on debt to pay debt has serious issues. Whole country needs to be improved to be more democratic and less corrupt to norms of the global stage. This feudal system needs to be dismantled urgently and quality education and opportunities given to the Pakistani children.

 

[That Guy]

We may be able to pay off the debt but we will never be able to pay off the interest on it. Hence Supreme Court has barred dealing in interest.

Why is it that you always talk about things you do t understand, and say things that make no sense?

The IMF and Pakistani lenders don't give a **** what Pakistan's Supreme Court says, they loaned Pakistan money, and they expect to be paid back, and not just interest either.

We should just default. There is no need to pay.

Argentina barely survived default, and they lost all their overseas government owned assets.

Pakisran is far worse off than Argentina was pre-default.

 

[El Sidd]

The IMF and Pakistani lenders don't give a **** what Pakistan's Supreme Court says, they loaned Pakistan money, and they expect to be paid back, and not just interest either.

What do they want us to do? Cut a pound of our flesh? They dictate our policymaking openly and detail it to a manner of their own liking.

We are pursuing aggressive policies to correct the economy. These are time exhausting measures.

 

[That Guy]

What do they want us to do? Cut a pound of our flesh? They dictate our policymaking openly and detail it to a manner of their own liking.

We are pursuing aggressive policies to correct the economy. These are time exhausting measures.

Except no aggressive policies are being implemented because Dar keeps going back on his word.

The IMF and the Chinese will get their money back no matter what, they're not worried about losing money because they can simply seize overseas Pakistani assets and auction them off to make the money back.

Again you talk of things you have little to no knowledge about as if you're this intellectual.

You are not.

Stop it.

 

[ziaulislam]

Except no aggressive policies are being implemented because Dar keeps going back on his word.

The IMF and the Chinese will get their money back no matter what, they're not worried about losing money because they can simply seize overseas Pakistani assets and auction them off to make the money back.

Again you talk of things you have little to no knowledge about as if you're this intellectual.

You are not.

Stop it.

Everyone who has an IQ above 70 knows that balance of payments simply depends upon two things .
Inflows and outflows.

Improve your inflows and minimize your out flows without hurting the economy (essential items and raw materials).

Now I am concerned if people don't understand this then it's possible the whole nation IQ level is less then 70 including Dar because so far his goal is to decrease remittances and exports as much as possible by rupee manipulation and import restrictions of raw material

What do they want us to do? Cut a pound of our flesh? They dictate our policymaking openly and detail it to a manner of their own liking.

We are pursuing aggressive policies to correct the economy. These are time exhausting measures.

Yea them dictating us not to run fiscal deficit or improt cheesecakes is bad since we are Mughal empire remnants..heo dare they

 

[Redbeanpaste]

Got to say, I have been hearing that Pakistan is going to default next week for several months now and it hasn't happened. They must be doing something right.