IMF agrees to lend $6bn to Pakistan: sources

[BHarwana]

Anybody choosing to approach IMF must do so on IMF's terms and conditions. Anybody saying anything to the contrary is lying.

Lol
IMF is tool for USA and USA is tool for Pakistan that is how the world works. Please sit back and digest it.

@BHarwana did.

Anyways I am not judging on good/bad, just wanting some discussion/analysis from the 3 folks I have talked the most with it about.



Huh? You are implying the previous balance will be written off? Wouldn't this loan (whatever it turns out to be) simply add to the existing balance?

Oh my good neighbour we are not going to IMF we don't need them read the op it says IMF coming to Pakistan and on Pakistani terms. We are getting foreign exchange and extension in our debt. USA is leaving Afghanistan and Trump want his boys back home. It is all part of making America great again.

It is not only IMF but USA is wishing Pakistan good luck in cricket as well. You see why India can never replace Pakistan? Because Pakistan is too important.

https://twitter.com/x/status/1089766550096236544

So the new trend is Go Green and long live pakistan.

 

[cocomo]

Where is the esteemed tomato economist who said pakistan wont go to IMF?

Yes, exactly, Pakistan is responsible to you Hindus. Every act of Pakistan must be justified to Pakistan obsessed Hindus.

 

[VCheng]

IMF is tool for USA and USA is tool for Pakistan that is how the world works. Please sit back and digest it.

Then why make the choice to go to such an evil agency? Nobody is forcing PMIK to talk to the IMF. That is how the real world works.

Oh my good neighbour we are not going to IMF we don't need them read the op it says IMF coming to Pakistan and on Pakistani terms. We are getting foreign exchange and extension in our debt.

So it is IMF begging Pakistan to take its loan or is it the other way around?

 

[Nilgiri]

Oh my good neighbour we are not going to IMF

I am getting confused here now lol. @VCheng is Pakistan going to IMF or not?

What a labourious exercise with something so "yes or no" ...lol

2nd question....Is the 6 billion being talked about here a new fresh loan or an existing loan/balance renegotiating/writing off?....as others are also implying.

 

[VCheng]

I am getting confused here now lol. @VCheng is Pakistan going to IMF or not?

What a labourious exercise with something so "yes or no" ...lol

2nd question....Is the 6 billion being talked about here a new fresh loan or an existing loan/balance renegotiating/writing off?....as others are also implying.

One thing is certain: going to the IMF is a choice to be made by PMIK. Or not. Whatever he decides. IMF does not ask countries to take its loans. Countries request IMF to give them loans, and IMF sets the conditions to ensure they are repaid. Just like it says in its charter, very clearly.

 

[Nilgiri]

IMF is tool for USA and USA is tool for Pakistan that is how the world works. Please sit back and digest it.

May I suggest that you create, consolidate and employ better more efficient+pragmatic tools (so you may gain better tools over time).

The tool certainly should not outsize the wielder by 100 times or more ...just a pro-tip

 

[VCheng]

What a labourious exercise with something so "yes or no" ...lol

Pakistan knows that its economy will be rescued only if it is able to deliver what is required of it in Afghanistan, to put in succinctly.

 

[nahtanbob]

with 20+ b dollars lined up we dont have any financing needs..real issue will rolling over another 30b loans over 5 years at cheaper rate

that is like saying I have a $20 billion line of credit. But I do not have money or credit rating to rollover $30 billion in loans at a cheap rate

 

[BHarwana]

May I suggest that you create, consolidate and employ better more efficient+pragmatic tools (so you may gain better tools over time).

The tool certainly should not outsize the wielder by 100 times or more ...just a pro-tip

Your suggestion has been noted but still going by op it remains that IMF is coming to terms with Pakistan so what should I make of this news. Will you be kind enough to comprehend it for me? I know we are a small country fighting world sups powa for 70 years in East and not doing more for world's only super power for 17 years in West and a world's emerging super power has been banking rolling us from North and we have made pieces of world's x super power in 80s and yet our tools are bigger than us. Hope you people understand what I mean. Good day. IMF was established for us to serve us and now it is doing its job

Then why make the choice to go to such an evil agency? Nobody is forcing PMIK to talk to the IMF. That is how the real world works.



So it is IMF begging Pakistan to take its loan or is it the other way around?

Well do we need a loan? After Saudis and UAE and China, I think pm IK don't needs IMF but it is more like IMF needs Pakistan.
IK is a niazi and they are very greedy people they will take every thing so if IMF wants to gift us few billions and IMF is coming to Pakistan to invest in the country why say no. Lakshmi achi hoti hai, isn't it so @Nilgiri

 

[Nilgiri]

Hope you people understand what I mean.

Tomato sauce? Or Tomato omelette?

 

[BHarwana]

Tomato sauce? Or Tomato omelette?

Tomato juice. Come on man people here were sending Pakistan to IMF a year back in 2018 but Pakistan never went to IMF and now IMF is coming to Pakistan in 2019 and yet we have to decide that we will take it or not. IK played a good innings here I must say.

 

[Nilgiri]

Tomato juice. Come on man people here were sending Pakistan to IMF a year back in 2018 but Pakistan never went to IMF and now IMF is coming to Pakistan in 2019 and yet we have to decide that we will take it or not. IK played a good innings here I must say.

Just glad to have you back bhai. Missed your presence here while you were gone.

Things got VERY BAD, VERY SAD....while you were away.

 

[Śakra]

that is like saying I have a $20 billion line of credit. But I do not have money or credit rating to rollover $30 billion in loans at a cheap rate

@Nilgiri According to the tomato analyst, pakistan is legitimizing IMF by allowing them to offer a highly restrictive """loan""" that pakistan doesn't need.

 

[maithil]

payaray Pakistanio, I wil commit suicide but I will not go 2 IMF 4 loans, those who go 2 IMF sell interests of their motherland, they r traitors, just give me a chance 2 make Pak self reliant, just once'


Someone used to say Something on this line. Then he became Prime minister and ran to Dubai to convince IMF chief for 6 billion dollars.

Anywonder people are mocking him like this..

https://twitter.com/x/status/1094588904508928001

 

[ziaulislam]

Also no decision has been made yet

why do we need more money we raised over $10 billion previously >?

yearly deficit is 18b$. Than you have to return 30b dollars loans
This deficit was just 2 b$ (instead if 18b) that forced PMLN into IMF(though i dont think IMF was needed than)

payaray Pakistanio, I wil commit suicide but I will not go 2 IMF 4 loans, those who go 2 IMF sell interests of their motherland, they r traitors, just give me a chance 2 make Pak self reliant, just once'


Someone used to say Something on this line. Then he became Prime minister and ran to Dubai to convince IMF chief for 6 billion dollars.

Anywonder people are mocking him like this..

https://twitter.com/x/status/1094588904508928001

Love the way you are in Pakistani politics ...get married man and have a life