Keeping economy, CPEC intact: Pakistan seeks friends’ help to avoid IMF bailout

[Hulk]

https://www.thenews.com.pk/print/29...istan-seeks-friends-help-to-avoid-imf-bailout

 

[wiseone2]

IMF bailout might not be worst thing

 

[SunilM]

"The friendly countries have been requested to provide Islamabad with $6 to $8 billion breathing space in shape of cash grants, parking money as safe deposits into the central bank, allowing payment of imports in Pak Rupee and provision of oil imports at deferred payment."

"The working done by the Ministry of Finance, which was also shared with the ambassador of a friendly country shows that Islamabad considers that CPEC could only run in a smooth manner if Islamabad successfully avoids bailout package from the IMF so China will have to come forward to allocate special provisions for keeping Pakistan’s economy afloat at a time when the gross financing requirement was estimated to touch $16 billion in the outgoing fiscal year."

"Another proposal was to request China to park $4 to $5 billion into the State Bank of Pakistan (SBP). If China can finance the US deficit by parking $500 billion into the US treasury then why can’t they provide $5 billion for keeping it into the SBP safe deposits?"

"“It depends upon Islamabad’s ability to successfully convince the friendly countries that we have the capacity to overcome our woes after getting this “breathing space” because no one could rescue holders of begging bowl forever."

Wonderful just wonderful. Now threaten and Milk China. The Chinese are not Americans. If Mifta Ismail thinks he can arm twist Chinese like that he is surely mistaken!!

 

[Khatri_pune]

MY.....MY......

this is definitely out of box thinking.....
very innovative.... WHAT DO YOU SAY CHINA?????

 

[El Sidd]

So who are the countries which are being given such prestigous and proud honor?

 

[$@rJen]

"The friendly countries have been requested to provide Islamabad with $6 to $8 billion breathing space in shape of cash grants, parking money as safe deposits into the central bank, allowing payment of imports in Pak Rupee and provision of oil imports at deferred payment."

"The working done by the Ministry of Finance, which was also shared with the ambassador of a friendly country shows that Islamabad considers that CPEC could only run in a smooth manner if Islamabad successfully avoids bailout package from the IMF so China will have to come forward to allocate special provisions for keeping Pakistan’s economy afloat at a time when the gross financing requirement was estimated to touch $16 billion in the outgoing fiscal year."

"Another proposal was to request China to park $4 to $5 billion into the State Bank of Pakistan (SBP). If China can finance the US deficit by parking $500 billion into the US treasury then why can’t they provide $5 billion for keeping it into the SBP safe deposits?"

"“It depends upon Islamabad’s ability to successfully convince the friendly countries that we have the capacity to overcome our woes after getting this “breathing space” because no one could rescue holders of begging bowl forever."

Wonderful just wonderful. Now threaten and Milk China. The Chinese are not Americans. If Mifta Ismail thinks he can arm twist Chinese like that he is surely mistaken!!

lets say China and KSA deposit 16 billion in Pakistan's vault, Does pakistan have to pay interest for it??

 

[IceCold]

Saudis wont come this time. China seems more plausible though China will wait till elections to see some political stability before they park their money.

 

[Menace2Society]

How pathetic.

 

[liall]

Why would any country accept Pakistani Rupee for imports to Pakistan? The Pakistani Rupee lacks stability and might severely devalue in short term thus posing great risk for those countries.

 

[Mugen]

Thank you PMNL and PPP for giving Pakistan the gift of debt.

 

[I S I]

So who are the countries which are being given such prestigous and proud honor?

Meanwhile every country on the planet: let's hope it's not me.

 

[El Sidd]

Meanwhile every country on the planet: let's hope it's not me.

The thing is we can go straight up and do all of the below

Order
Say
Ask

But this time they all know we dont need them. Like always.

But they all need us.

So i say economic prosperity of one does not mean desperation of the other.

 

[I S I]

The thing is we can go straight up and do all of the below

Order
Say
Ask

But this time they all know we dont need them. Like always.

But they all need us.

So i say economic prosperity of one does not mean desperation of the other.

Who are we kidding with? This is a straight out begging case. We should be ashamed of ourselves.

 

[El Sidd]

Who are we kidding with? This is a straight out begging case. We should be ashamed of ourselves.

Do it personally then.

I am not kidding anyhow.

Do it personally then.

I am not kidding anyhow.

I meant privately.

Like most religious fascists are saying these days.

 

[RealNapster]

lets say China and KSA deposit 16 billion in Pakistan's vault, Does pakistan have to pay interest for it??

No