Innocent question about IMF loans

[Verve]

You're too brainwashed I guess with PTI's fake dreams.

Is that the best you could come with?

Try again. Do bring some facts and figures.

 

[Morpheus]

Pakistan Muslim League in my honest opinion. The most experienced political party in Pakistan.

Do humanity a favor and DON'T reproduce. If you already have, then do Humanity a favor and kill those retards kids.

 

[Khan_patriot]

I was thinking of upgrading my PC, buying a new mobile phone but i said Astaghfirullah when i saw the prices. I can't buy anything anymore, i will sit quietly until prices drop which they never will. Do you understand this?

So is the reason you are angry because your pocket money got slashed. I assume you are over 18 yrs old since you mentioned voting for IK but you have gotta stop acting like a child. The economy of Pakistan is not something so simple that anyone can fix it just by waving a magical wand. Decades of mismanagement in the past are going to have implications for decades to come. I atleast trust IK and his government to deal with the issue to the best of their abilities given the circumstances.

 

[Abdussamad]

If everyone knows the economic situation is dire, why all the knives are out? Will it be fixed overnight? And Asad Umar paid for his foolish optimism. He had no idea and was sent packing. Appreciate that instead of making that yet another talking point.

First of all not everyone. I said those who follow economic news. Vast majority doesn't.

Second knives are out because they botched things very badly. They should have gone to the IMF months ago but they dilly dallied. They made conflicting statements. It's still going on.

 

[Verve]

botched things

Sabotage that's made to look like botched ... Both SBP and FBR heads were part of the NooraButt mafia. Every ministry is compromised with people wanting this government to fail. PSO officials refusing PM directives to save costs etc etc.

Breaking Status Quo comes with a price.

 

[valkyr_96]

But here's what i remember of the previous governments. Everything wasn't as expensive as it is today. Whether it's items of necessities or items of technology or gas or electricity or petrol. In PMLN government, i enjoyed 68-70 rupees petrol too.They took IMF loans too and they were corrupts too. My life as a citizen was bearable despite corrupt harami government.

Under the saaf pakeeza halal Islamic honest Riasatee Medina leadership of Imran Khan, hamari tou phat gayi hai.

And this isn't the end. Moarr loans, more devaluation, moar saaf halal taxes and relief is nowhere to be found

No one is assuming anything about you and I have simply taken you at face value (which is that you are a piece of shit). The reason why petrol prices were low because the oil prices were low (this has got nothing to do with Nawaz Sharifs government) yet we paid higher prices because the government had negotiated a higher price at that time with the Qatris courtesy Khaqan Abassi. There was a lot of uproar where were you. The current government can also follow the same policy, borrow money subsidize those cost and exchange rate and pass a mountain of debt over the next five years but the current government knows this would be an eyewash and PMLN left Pakistan bankrupt. The reserves you see were not our own but borrowed and started dwindling as soon as the new government came in place. I have already answered this before.....this would only defer the situation we have on our hands. The economy is sluggish because the global economy is sluggish (even the American are bullshitting people on their economic numbers), because of which the even the Indian government had to fudge numbers.

If Pakistan has to pay 27 billion in the coming two years, does that not boil your blood? This has got nothing to do with PTI or Imran Khan. Borrowing is justified when you make an investment. Can you tell me what does Pakistan have that is worth 27 billion dollars? Every country has boom and bust cycles most of the booms are a hallmark of reckless credit and the bust a result of that.

And BTW eat more shit https://www.dawn.com/news/1445060 this is an entrepreneur saying that the money he is making is too much and he is is effectively bankrupting Pakistan and pleading the government to charge him less for his goods. Only in Pakistan you can find such miracles.

 

[Super Falcon]

A

Maybe it's just me but i don't understand something. Maybe someone else especially PTI supporters can enlighten me.

From what I've heard on TV (i can't confirm it personally because i see the elites still enjoying) is that Pakistan is on the verge of bankruptcy and increase taxes and suck blood out of Pakistanis and previous governments etc etc..

What i wonder is that after taking moarr loans from IMF on interest with payment due in 3 years, increasing inflation further, devaluing rupees further, will PTI magically pay back the IMF loans plus interest plus previous loans plus start flowing rivers of happiness in 3-4 years?

I smell bullshit and the very stinky kind by PTI. It seems like PTI agenda is to survive the 5 years term then let the next government suffer?

Economic growth is rushing towards the negative, the buying power of consumers has taken a huge hit, millions have become jobless and inflation and dollar prices still aren't stable and will degrade further in coming months.

So what kind of magical beast is this IMF and these 3 billion? Or 6 billion? Or 12 billion dollars that will suddenly turn things around in 3 years. Can someone enlighten me please? What is the government going to do to change things around so quickly?

https://tradingeconomics.com/pakistan/external-debt

Million dollar sensible question pak at verge of self destruction

 

[valkyr_96]

He was delusional that overseas Pakistan will transfer their wealth to Pakistan, Resident Pakistanis will start paying taxes, Sharifs and Zardaris will return looted money, Sheikh Chilli thoughts. But If next government again have to go to IMF then even PM will be appointed by IMF. So, get the sh!t in order, pay taxes and stop demanding subsidies and freebies if you don't want that to happen.

The biggest thing IK could do is land reforms yes his own party will eat him alive but if we overhaul our agriculture sector we will see major gains. This would also be the fastest way of transferring wealth to the lowest strata of the population. Next we can go for drip irrigation (this is not some big technological marvel) but simply a cost effective way of utilizing water. The excess water can be used to reclaim arable land and add more land. We need to have someone guiding the agriculture sector towards profit maximizing crops that need not be subsidized.

Sabotage that's made to look like botched ... Both SBP and FBR heads were part of the NooraButt mafia. Every ministry is compromised with people wanting this government to fail. PSO officials refusing PM directives to save costs etc etc.

Breaking Status Quo comes with a price.

I dont agree with that...IMF is dragging this on because they have the reins. Its not their fault Pakistan keeps coming back and has no structural changes to show for it. IMF sees Imran Khan has his heart in the right place and they really want him to take the tough steps. Imran Khan does not want to take this on because
A) It is not his fault
B) It would paint him to be a villain.

This is the reason for delay and Asad Umar's exit.

 

[fisher1]

So is the reason you are angry because your pocket money got slashed. I assume you are over 18 yrs old since you mentioned voting for IK but you have gotta stop acting like a child. The economy of Pakistan is not something so simple that anyone can fix it just by waving a magical wand. Decades of mismanagement in the past are going to have implications for decades to come. I atleast trust IK and his government to deal with the issue to the best of their abilities given the circumstances.

It was just an example of how things like that were affordable just a year ago, now they’re out of reach to commoner. You can imagine what has happened to everything else.

Oh really? Oh. I didn't know that because Imran Khan kept promising that as soon as he comes to power, money will start growing out of tree.

Now he's all excuses and doing things that previous governments did. Could it be because the previous governments also were suffering from the problems PTI is now?

If Imran Khan actually believed in Riasat e Medina and followed the principles and leaders of Riasat e Medina instead of selling it like Molana Diesel sells religion then we won't need IMF. Pakistan will become prosperous in one day.

Abu Bakar Siddique (RA) first introduced guaranteed minimum wage, enough for the poor to live their life off, his salary was equal to the poor of his state, he(RA) gave up his trade and after his death, he returned all the salary he took back to treasury from his inheritance.

Imagine if Imran Khan pay gets equal to the salary an average poor gets in this country and he gives up all his businesses (agriculture, clothing industry etc etc), he will fix the economy in a matter of days instead of saying "hosla rakay". Imagine if the politicians suffered like the poor does.

But of course, Riasat e Medina feels good on the tongue to get votes and getting praise for mentioning it. Who cares about following it?

And i expect you to bring up Nawaz Sharif in defence. Difference between Nawaz and Imran is the former never claimed to be an angel but the latter wants to sell us he's God's gift to Pakistan.

https://defence.pk/pdf/threads/hamz...ildren-about-corruption-and-democracy.385092/

The Sharifs openly admitted to doing corruption neither did they ever promised Riasat e Medina.

A

Million dollar sensible question pak at verge of self destruction

Don't expect answers from this government. Just believe in the self-proclaimed honest person and Pakistans last hope. They will magically make things better when their term is going to end, how? Only the great honest person knows.

I thought the jiyalas were dumb keeping Bhutto alive but i didn't know creatures like youthias exist who completely shut off the logical part of their brain when it comes to Imran Khan Niazi bhongis, oops i mean visionary promises.

Mark my words, after 3 years, economy will be crap and Imran Khan will still start his speeches by reminding us how he did a favor on us by winning the world cup and how people mocked he couldn't become PM and his now 26 years struggle and asskissing he had to do to come to power then he will remind us the previous governments destroyed this country and we should never forget them lest we objectively compare his performance.

I just hope Sarfaraz Ahmed wins the world cup so he can stop talking about cricket and move on to politics.

 

[Arulmozhi Varman]

Answer
PML are Cancer to Pakistan and PPP is Cancer in Sindh

View attachment 558581


CANCER is serious illness and in order to fix Cancer , PTI will have to change the Ruling system , Tax system and , way to distribute the money to social worker system


PML-N have liked the Money to be in hand of their Family Members and close friends , so that Comission can be determined and moved to UK


IMF: LOAN

IMF loan is being taken to buy time for Government to change various systems in country in order to generate more cash from

a) Taxes
b) Transport
c) Import/Export balance
d) Investment
e) Introduce system which takes funding and puts the money in hand of local social workers

a
Arent you guys cheered up Nawaz when he signed up CPEC with China for 60B dollars? That its going to be world transforming etc etc. Now you guys blame him for taking around 38-40B dollars of debt to build up CPEC..

The question is whether the loans PML govt has taken for so called CPEC has started to function and contribute? Are the chinese using the CPEC to transfer goods to China?

You cant praise CPEC and also criticize Nawaz in the same sentence...

 

[criticalerror]

First of all not everyone. I said those who follow economic news. Vast majority doesn't.

Second knives are out because they botched things very badly. They should have gone to the IMF months ago but they dilly dallied. They made conflicting statements. It's still going on.

I just quoted your post where you said everyone but IK knew. Now you are contradicting your own statement.

Also, them not going to IMF months ago makes no difference in the grand scheme of things. They can still go now. I like how everyone nowadays is an economic expert but when asked for their expert opinion all they can provide is recycled criticism and hearsay.

 

[Abdussamad]

I just quoted your post where you said everyone but IK knew. Now you are contradicting your own statement.

Yaar what is wrong with you? Even after I point it out you still insist on misrepresenting me. Here let me highlight the relevant part:

Yes and the weird thing is that everyone who follows the economic news of Pakistan new that the situation was dire. Somehow this hadn't filtered through to IK. Umar himself talked about an IMF bailout. He knew what was going on but his boss remained delusional.

I said everyone who keeps abreast of what's happening with the Pakistani economy. The vast majority don't. They are more concerned with politics than economics. If most people cared they'd be up in arms about the rampant mismanagement of our economy that has been going on for decades. It's odd that a country that produces so many commerce graduates has so few people who care about economic news.

Also, them not going to IMF months ago makes no difference in the grand scheme of things. They can still go now. I like how everyone nowadays is an economic expert but when asked for their expert opinion all they can provide is recycled criticism and hearsay.

It does make a difference because it created uncertainty and it wasted time. Remember going to the IMF opens up loans at cheaper rates from other sources. By delaying we've had to pay extra on our foreign borrowings. Going to the IMF early gets us started on reforming our economy early. Just look at how long they've delayed gas, electricity and fuel price increases? Look at how badly the fiscal deficit is getting because of those expenses plus inadequate tax collection. Budget deficit is going to hit 7% of GDP this year.

 

[nahtanbob]

a
Arent you guys cheered up Nawaz when he signed up CPEC with China for 60B dollars? That its going to be world transforming etc etc. Now you guys blame him for taking around 38-40B dollars of debt to build up CPEC..

The question is whether the loans PML govt has taken for so called CPEC has started to function and contribute? Are the chinese using the CPEC to transfer goods to China?

You cant praise CPEC and also criticize Nawaz in the same sentence...

Most of the CPEC projects do not show up in debt balance sheet yet

 

[The Accountant]

Maybe it's just me but i don't understand something. Maybe someone else especially PTI supporters can enlighten me.

From what I've heard on TV (i can't confirm it personally because i see the elites still enjoying) is that Pakistan is on the verge of bankruptcy and increase taxes and suck blood out of Pakistanis and previous governments etc etc..

What i wonder is that after taking moarr loans from IMF on interest with payment due in 3 years, increasing inflation further, devaluing rupees further, will PTI magically pay back the IMF loans plus interest plus previous loans plus start flowing rivers of happiness in 3-4 years?

I smell bullshit and the very stinky kind by PTI. It seems like PTI agenda is to survive the 5 years term then let the next government suffer?

Economic growth is rushing towards the negative, the buying power of consumers has taken a huge hit, millions have become jobless and inflation and dollar prices still aren't stable and will degrade further in coming months.

So what kind of magical beast is this IMF and these 3 billion? Or 6 billion? Or 12 billion dollars that will suddenly turn things around in 3 years. Can someone enlighten me please? What is the government going to do to change things around so quickly?

https://tradingeconomics.com/pakistan/external-debt

The loan is primarily to repay the old loan and to fill the gap between income and revenue ... when u spend more and earn less loan is inevitable ...

Now if government is trying to reduce expenditure then growth is getting slowed ... if government dont take loan then we will dfault and our currency will enter into hyper inflation ...

Apparently the plan of PTI is to balance out the difference of income and expense by incentivising export and controllong imports ... and only afyer that we will not need more loans and we can plan to repay older one ...

 

[shah_123]

Stop assuming things about me to justify something. I didn't have anything to do with politics and i hated every government. or petrol. was bearable despite corrupt harami government.

Under the saaf pakeeza halal Islamic honest Riasatee Medina leadership of Imran Khan, hamari tou phat gayi hai.

sabr bacha sabr, Abhi toa mazeed phatni Hai aur sara mudda PTi waley pichli corrupt govt par dalein gay.

It's about time that PTi bacha logs stop associating people with previous corrupt govts just because they criticize the legend Khan, Grow Up NOW.

Nothing will happen with these imf loans + the interest (Riba) you talking about, Hum hain Na, Madinay ki Riyasat meyn sara sood Awaam sey jabri toar sey liya jaey Gaa.