Your mistake is not just a mistake, the magnitude of it is enormous. Our yearly IMF support package is around USD 2-3 Billion.
CSF reimbursements are usually every 3-6 months and in the tune of hundreds of millions of dollars.......enough to give us a breather but nothing extraordinary, most of it is diverted towards the war with terrorists! Labour remittances is indeed a major source of inflow of $$.
So, is that in addition to the figure of 20-30 Billion USD above? Just as an example, a one off payment of around USD 750 Million from an Arab country, with its own vested interests, saw the USD come down from 110 to 98. Our major import is Petroleum products from the Arab countries. Second being farm products, machinery and automobiles. Petroleum products, we cannot produce so have to import, but we are a nation of 200+ million, we can build everything that we need.
P.S. There was no IMF during Musharraf era, the IMF begging bowl had been broken, foreign reserves had risen to USD 18 Billion, overall debt was lowered to USD 30 Billion @ Rs. 60/$ as opposed to USD 62 Billion @ Rs. 102 today, growth was sustained at over 6% for 3 years continuing, inflation was at its lowest, unemployment was decreasing fast and the list just goes on and on! So those who bark against IMF may actually be barking rightly.
