IMF seeks disclosure economic and defence cooperation between China and Pakistan

[TheDarkKnight]

Asad Umar in past and even the latest interview has clearly said that no such pressure or additional disclosure is being asked by IMF - the data regarding Chinese loans has already been shared and is not an issue of contention now.
The issue is with the policy (taxes, prices, rates, etc) and how to implement it (imf wants it done faster where as we want it done slow and gradual)

Despite these clarifications we keeping seeing these unnamed source based fake news popping up every now and then.

 

[VCheng]

Despite these clarifications we keeping seeing these unnamed source based fake news popping up every now and then.

Or the other possibility is that Mr Umar is being "diplomatic" with the true state of the negotiations.

 

[TheDarkKnight]

Or the other possibility is that Mr Umar is being "diplomatic" with the true state of the negotiations.

No that would basically mean he is lying to the public from the beginning till now.

Diplomatic would be to not comment or state something in the middle such as: “we are working out details of chinese loans with IMF” etc. The current official stance from the FM has been that all relevant details were shared in the beginning, and there isn't any undue political or strategic pressure being imposed by IMF as certain section of media keeps on propagating.

A deal is expected within a month m, so its not wrong to assume all data should have been shared by now; otherwise there is no point in trying to finalize a deal for which you haven't even shared relevant data with the other party yet.

 

[VCheng]

No that would basically mean he is lying to the public.

Diplomatic would be to not comment or state something in the middle that “we are working out details of chinese loans with IMF” etc. The current official stance from the FM has been that all relevant details were shared in the beginning and there isn't any undue political or strategic pressure being imposed by IMF as certain section of media keeps on propagating.

Per his statements now a deal is expected within a month so all data should have been shared by now, otherwise there is no point in trying to finalize a deal for which you havent even shared relevant data to all parties yet then.

Isn't he the same guy who said there will not be an IMF bailout not that long ago?

 

[TheDarkKnight]

Isn't he the same guy who said there will not be an IMF bailout not that long ago?

No you are confusing him with our PM Imran Khan
Before the elections he was the only guy who said that IMF is an option and also called for meetings with IMF right after forming govt.

 

[VCheng]

No you are confusing him with our PM Imran Khan
Before the elections he was the only guy who said that IMF is an option and also called for meetings with IMF right after forming govt.

I am being "diplomatic".

The writing has been on the wall for quite some time, despite various "diplomatic" statements by members of the present government. The aftermath of any bailout will not be pretty either, no matter what anyone says.

 

[TheDarkKnight]

I am being "diplomatic".

The writing has been on the wall for quite some time, despite various "diplomatic" statements by members of the present government. The aftermath of any bailout will not be pretty wither.

Oh man if we go that route then how many times have we “broken the kashkol “ only to see the next govt looking for super glue to fix that “broken kashkol” again.

But anyway the point is that what ever the deed was it seems done, and all the relevant data should have been shared by now. So to still see all these reports of IMF seeking JF17 details, deep state secrets, exposing CPEC loans etc. is quite misleading and filled with unfriendly intentions to state it “diplomatically”

About the aftermath: Whatever it is I hope its atleast worth it and the required reforms get implemented for long term growth.

 

[nahtanbob]

Oh man if we go that route then how many times have we “broken the kashkol “ only to see the next govt looking for super glue to fix that “broken kashkol” again.

But anyway the point is what ever the deed was it seems done now, and all the relevant data should have been shared by now. So to still see all these reports of IMF seeking JF17 details, deep state secrets, exposing CPEC loans etc. is quite misleading and filled with unfriendly intentions to state it “diplomatically”

About the aftermath: Whatever it is I hope its atleast worth it and the required reforms get implemented for long term growth.

do you really think CIA and other foreign intelligence agencies have not gotten a lot of details on CPEC loans ?

 

[TheDarkKnight]

do you really think CIA and other foreign intelligence agencies have not gotten a lot of details on CPEC loans ?

True. I would assume most competent intel agencies should have most relevant details already. So thats why I dont buy into these theories of US/West pressurizing via IMF just to learn details that they already have.

 

[BATMAN]

To take an IMF bailout or not is a decision to be made by Pakistan, and Pakistan alone. If the IMF terms are too harsh, then the solution is simple: do NOT take the bailout.

You are right but to decide on that is up to Imran Khan.
After elections general public is nobody, and that's the beauty of Pakistani democrazy!

do you really think CIA and other foreign intelligence agencies have not gotten a lot of details on CPEC loans ?

You mean foreign agencies have their agents in current govt. /bureaucracy?

I am being "diplomatic".

The writing has been on the wall for quite some time, despite various "diplomatic" statements by members of the present government. The aftermath of any bailout will not be pretty either, no matter what anyone says.

Patwari spotted.

The issue is with the policy (taxes, prices, rates, etc)

To be a politician one really need to qualify as a certified harami.

Increased taxes, prices, utility rates, duties, currency devaluation etc. has been already been doubled, what more is he planning to implement under the pretext of IMF deal?

 

[TheDarkKnight]

To be a politician one really need to qualify as a certified harami.

Increased taxes, prices, utility rates, duties, currency devaluation etc. has been already been doubled, what more is he planning to implement under the pretext of IMF deal?

I agree a lot has been done already. There is a lot of disinformation going on in media including scandalous theories like IMF seeking state secret details, asking for loans details that will jeopardize CPEC, roll back nuke program, help agaisnt Taliban etc. None of these make any sense at all - do we honestly think when Asad Umar sits with Christine Lagarde is this what they talk about: Taliban peace talks, US supply routes, Jf17, etc.? Some broad details such as cost and payments of loans maybe discussed as they would like to know your liabilities - but other than that they cannot dictate as some of these so called intellectuals propogate.

With so much disinformation going on media, I would wait for official details and the next budget before making any conclusions.

 

[nahtanbob]

You mean foreign agencies have their agents in current govt. /bureaucracy?

surprise and surprise

 

[BATMAN]

I agree a lot has been done already. There is a lot of disinformation going on in media including scandalous theories like IMF seeking state secret details, asking for loans details that will jeopardize CPEC, roll back nuke program, help agaisnt Taliban etc. None of these make any sense at all - do we honestly think when Asad Umar sits with Christine Lagarde is this what they talk about: Taliban peace talks, US supply routes, Jf17, etc.? Some broad details such as cost and payments of loans maybe discussed as they would like to know your liabilities - but other than that they cannot dictate as some of these so called intellectuals propogate.

With so much disinformation going on media, I would wait for official details and the next budget before making any conclusions.

I never claimed Asad Umer is handing over jF-17 blue prints to IMF, but they might be negotiating in background with Imran Khan for next Air chief appointment, or specific appointments /promotions in defense, interior and foreign ministries!

Surely US would like to have old setup of Zardari time, where US /Iran /India can strike Pakistan without failure, where terrorists should have walkin access to AWACS! etc. etc.

Have we ever thought, after all IMF give loans with grantees of raising revenues, but never forced govt. to close down loss making state institutes !!!! Surprise Surprise!

 

[airmarshal]

Pakistan should break this begging bowl, forever. This is the price to pay when you dont have money from your own sources. We should stand on our feet. Its 72 years old country. Nations gaining freedom about our time have gained so much and become so independent while we keep going back to IMF. I hope this is the last time.

Been saying that for a while. Can only hope for some fearless leadership from the Finance Ministry and SBP.

In the given circumstances, this is the best bet. This govt. has spent time and effort to make IMF program less adverse for Pakistan. IMF program gives credibility and improves rating with the world that the economy is being reformed. I wish this is the last time ever. Going to IMF again and again shows lack of sincerity to actually carry out painful reforms to put Pakistan on track for self reliance.

 

[jupiter2007]

Is democracy worth it? Going through all the trouble to brings simple reform, can not even bring major change with out 2/3 majority.

Dictatorship/Totalitarianism can bring the changes much faster. There is no need for Federal and provincial assembly and spending money and giving salaries to useless people.

Under the dictatorship, Federal council (Can be non elected members but those who excel in their field) and each division can have a governor and small council. Development funds can be released at district council level and distributed to cities and towns with that district.
Easy to bring reforms......
Special courts for terrorism, corruption, money laundering and tax evasion. Anyone guilty should be given harsh punishment.
Strict laws for monitoring and punishment for anyone miss using media (print, TV/Radio and social media).