Difference in the IMF conditions

[war&peace]

https://twitter.com/x/status/1143213385158279168

 

[mastaan]

This term sheet has been 'touched', by the looks of it.. be careful
- Free float means market based reference rates.. there is no difference between two
- How did the base interest change from 9% to 10.75% starting rate and the govt claims that as a success? Does this mean new administration gave up the choice of lower interest rate, even when they were sure of doing better than the IMF projections?
- Lastly, how can a govt claim to have 'improved' the economic indicators like gdp growth, interest rate and inflation within first 6 months?

This is a cruel joke being played to make the incumbent govt look good.

BTW, 9% or 10.75% - that in high yield market is lower rung of junk bonds! just saying.

 

[VCheng]

This is a cruel joke being played to make the incumbent govt look good.

Bingo!

 

[El Sidd]

Why even go then if i may ask oh so politely?

 

[TNT]

One thing is for sure and that is IK is trying his best. Hope we can get rid of this extreme price hikes. Everything is so expensive.

I just wanted asad umar to stay.

 

[Samlee]

Just SHows Asad Umar Was Doing The Right Job

 

[Pakistansdefender]

https://twitter.com/x/status/1143213385158279168

What they have acheievd in 10 months is remarkable . Not only they have control 19 billion current deficit but also arranged fining for next years deficit which they have controlled on half .
Along with massive massive reforms In power sector and FBR.

If they successful in implementing real rate of plots in 8 cities , imagine the amount of tax we can collect . And only if they are able to cut power losses and circular debt to half by reforms as they have planned and end it by December 2020 . It would be extraordinary .
Media is the spoiler here . Never highlight the good and always create panic

 

[Syed1.]

What they have acheievd in 10 months is remarkable . Not only they have control 19 billion current deficit but also arranged fining for next years deficit which they have controlled on half .
Along with massive massive reforms In power sector and FBR.

If they successful in implementing real rate of plots in 8 cities , imagine the amount of tax we can collect . And only if they are able to cut power losses and circular debt to half by reforms as they have planned and end it by December 2020 . It would be extraordinary .
Media is the spoiler here . Never highlight the good and always create panic

I can foresee us hitting growth figures in the mid to high 5.0s starting 2020-2021 fiscal year and this will be real export/manufacturing led growth not borrowing led as per Dar economics

 

[Pakistansdefender]

This term sheet has been 'touched', by the looks of it.. be careful
- Free float means market based reference rates.. there is no difference between two
- How did the base interest change from 9% to 10.75% starting rate and the govt claims that as a success? Does this mean new administration gave up the choice of lower interest rate, even when they were sure of doing better than the IMF projections?
- Lastly, how can a govt claim to have 'improved' the economic indicators like gdp growth, interest rate and inflation within first 6 months?

This is a cruel joke being played to make the incumbent govt look good.

BTW, 9% or 10.75% - that in high yield market is lower rung of junk bonds! just saying.

Please don't criticise for the sake of criticism or just because you have the right of free speech and don't know a thing about economy .
When you do have a massive current account deficit of 19 billion dollars you would get the most strict imf package ever . They arranged finding from forign countries and bought it down to manageable size hence relief in package . Power sector performed well with improvement in collections and millions of notices in work etc. This Totti phooti fbr seems to be doing the right things etc .
Interest rate was increase to control the inflation and inflation has not even touched double digits.and food inflation has not even increased ..

Of course government wanted imported stuff to be expensive to force people to use local stuff and discourage imports yar.

Why even go then if i may ask oh so politely?

I usually don't answer your posts .
They are sarcastic, I enjoy them , they do represent a sarcastic Pakistan who have just lost hope and don't think his country could reform and can find faults with everything . Fine .
But seriously if you don't know why we are going to the IMF and why the conditions are easier because of friendly countries have bridged the half of 19 billion dollars gap . Then I am really sorry friend.
It seems like Pakistanis are not in the mood reform .
No one is perfect. Take what is good and leave what is bad. Forget Pti and pmln. Country first. Always

I can foresee us hitting growth figures in the mid to high 5.0s starting 2020-2021 fiscal year and this will be real export/manufacturing led growth not borrowing led as per Dar economics

But how would you explain it to people ...

 

[Abdussamad]

The financial year hasn't even ended yet and he claims to know our actual GDP growth. It's just rubbish.

The IMF conditions may have been relaxed but that's because they gave us enough rope to hang ourselves with. The tax revenue condition is impossible to meet so we will back in hot water with them soon enough and then they will put the screws on us.

 

[VCheng]

The financial year hasn't even ended yet and he claims to know our actual GDP growth. It's just rubbish.

The IMF conditions may have been relaxed but that's because they gave us enough rope to hang ourselves with. The tax revenue condition is impossible to meet so we will back in hot water with them soon enough and then they will put the screws on us.

As long as Pakistan delivers on its commitments for structural reforms that it has agreed upon, all will be well.

 

[Pakistansdefender]

The financial year hasn't even ended yet and he claims to know our actual GDP growth. It's just rubbish.

The IMF conditions may have been relaxed but that's because they gave us enough rope to hang ourselves with. The tax revenue condition is impossible to meet so we will back in hot water with them soon enough and then they will put the screws on us.

Eventually if doom is going to come then Atleast they have delayed it an year.
And pakistan nation including me has become very pessimistic and unhopeful . We have developed this thinking that things cannot be reformed . Whenever anybody wants to do reform the first thing people would say that this would upset certain group and people would close their business etc.
The way things run in our country cannot go on any longer . And if someone is trying at least just be little hopeful for once.

 

[CrazyZ]

Thank Abhi. Trump and Pompeo had to offer a carrot for his release.

 

[Abdussamad]

As long as Pakistan delivers on its commitments for structural reforms that it has agreed upon, all will be well.

really? you have some inside info? why ask us to raise tax revenues by 40% if they don't mean it? it hurts their credibility when they keep giving us waivers.

 

[VCheng]

really? you have some inside info? why ask us to raise tax revenues by 40% if they don't mean it? it hurts their credibility when they keep giving us waivers.

Their credibility in unaffected by the Pak government requesting waivers. They are charter-bound to help member states in trouble.