Pakistan has defaulted : Khawaja Asif

[VCheng]

IMF is actually the villain, it is involved in destroying Muslim countries. In the past, Kaffirs used to attack directly but now through tools like IMF, FATF, sanctions, Kaffirs subdue and control Muslim nations.

Just watch Imran Khan previous speeches where he explains how IMF is used and concepts like economic hitmen. We didn’t understand this until Imran Khan taught us

Did IK forget to tell you that going to the IMF is a CHOICE made by Pakistan, including his own U-turn? Why did he not commit suicide as he said he would instead of going to IMF to beg?

 

[_NOBODY_]

IMF is actually the villain, it is involved in destroying Muslim countries. In the past, Kaffirs used to attack directly but now through tools like IMF, FATF, sanctions, Kaffirs subdue and control Muslim nations.

Just watch Imran Khan previous speeches where he explains how IMF is used and concepts like economic hitmen. We didn’t understand this until Imran Khan taught us

If IMF is so bad then why go to them for loans? IMF doesn't force anyone to go to them. If IK hates the IMF so much then why did he go to the IMF as soon as he became the PM?

 

[Abid123]

Everyone still loves PMLN.

Speak for yourself buddy.

 

[fisher1]

Did IK forget to tell you that going to the IMF is a CHOICE made by Pakistan, including his own U-turn? Why did he not commit suicide as he said he would instead of going to IMF to beg?

Tell me something. IMF gives loans, why does it enforce such strict conditions which suffocate and kill the poor? Also why does IMF keeps giving loans for decades when Pakistan hasn’t been paying them back?. Why are the conditions never revealed when it’s public tax money that’s paid to them?

There is your answer. It’s not about loans. It’s about kaffirs dirty conditions. If Pakistan enforces LGBT BS which pedo Biden loves, Pakistan will get IMF loans and free aid on top of it.

 

[Dalit]

I say let Pakistan bankrupt fully and completely.

When the defense budget and development budget face slashes of 50% then maybe the petulant kid that is Pakistan will understand.

Irrespective of anything. Pakistan must default.

 

[lightning F57]

Did IK forget to tell you that going to the IMF is a CHOICE made by Pakistan, including his own U-turn? Why did he not commit suicide as he said he would instead of going to IMF to beg?

Like any addict they tend to go back for more. Same applies with people in debt, to make sure they can compete with the Jones get those flashy cars and things they re-structure their debt to go further in.

The issue isn't the IMF, they are acting like any other bank would put up conditions to make sure there is a good chance of getting their money back but risky customers get higher interests to pay as well. So one falls into a debt trap where interest payments are being serviced and not the capital payment.

Again this is Paks own fault and its inept leaders.

 

[Goenitz]

These short-term benefits mean nothing if this is unsustainable. PMLN always brags about growing the economy by 4%-5% during their previous tenure; however, this growth was unsustainable and this resulted in the country being on the brink of bankruptcy in 2018. Retarded patwaris still praise PMLN for their so-called economic growth.

PMLN growth model is borrowing and then sustaining $ rate so that the raw material can be imported at a constant price. Therefore, industries continuously operate and earn profit. That is why the commerce group was always pro-PMLN. They have workforce who then voted for PMLN and also funded their campaign as a result. However, the entire nation paid the price. Different type of subsidy besides fuel/electricity subsidy.

PTI's was giving subsidies to a sector which is related to 70% of pop. Then they didn't restrain $ the rate so the industry has to adjust rate/consumer price. Then FDI in terms of project and investment
I think we discussed that program!! 'boom burst cycle' He also talks about the IK's subsidy.

 

[Riz]

Did IK forget to tell you that going to the IMF is a CHOICE made by Pakistan, including his own U-turn? Why did he not commit suicide as he said he would instead of going to IMF to beg?

he was right at that time , he never went to the IMF but those swins of rawalpindi ( PDM) who went first and stuck the country into debit trap , ab khan kia generaloon ki baitian aor PDM walon ki bajiaan baich kar unko paisay wapis karta ?

 

[_NOBODY_]

PMLN growth model is borrowing and snd sustaining $ rate so that the raw material can be bought at a sustained rate and industries continuously operate like buying chemicals, poultry feed, etc for local industry. Different type of subsidy besides fuel/electricity subsidy.

PTI's was giving subsidies to a sector which is related to 70% of pop. Then they didn't restrain $ rate so industry has to adjust rate/consumer price. Then FDI in terms of project investment like borrowing and investing in real state sector etc and paying profit to investors (Roshan Digital account)
I think we discussed that program!! 'boom burst cycle' He also talks about the IK's subsidy.

I will watch this podcast right now, thank you for recommending it. Subsidies shouldn't be given without any checks and balances. Plus we need to focus on sectors where we can make maximum revenue with little to no subsidies like IT. I mentioned a solution last week, kindly read this.

This is exactly why I advocate for neoliberalism. There are two solutions, the first one is that the government should let the private sector do everything and make sure that the market is completely free. The second one is that the government should only support export-oriented industries. Targets should be set for all these industries that are getting the government's support. For this, subsidies should only be given to export-oriented sectors. If any of these businesses fail to meet any of the targets set by the government then they should no longer be given any support, especially not the subsidies.

 

[ghazi52]

Road trip...

 

[KaiserX]

Kindly share stats not articles.

Imran khn gave subsidy of how much? lets say 50 rupees, current price is 122 rupees increase and yet its not controllable? Health card closed, shelter houses closes etc

So 50 rupees subsidy by imran khan for 3 last month made this pdm govt to make our reserves from $16 Billion to $3 Billion, made our loss from export and remittance of $12 Billilon annually

This is why I said share facts and stats and not Geo tv rona dhona

You cant spend money you dont have. A country simply doesnt go bankrupt in 8 months. It doesnt work that way. Takes years and years of bad policies.

Ik came to power in 2018 yet didnt implement any major economic reforms. Was any state own industey privitized? Why were subsidies expanded rather than being cut until we were economically stable? Why were loans take promises made to imf then next moment cancelled? Why didnt IK govt go to the imf right away when reserves started declining rapidly starting last april? Bangladesh has reserves of 30 billion yet went to the imf proactively ahead of time.

All 4 years of IK was 1 disaster to another with 0 stability. Sure exports increases slightly but that was mainly due to the increase in PPE cuz of covid + lower exchange rate.

IKs whole economic policy was to simply beg for loans, make promises whereever he could, and then provide subsidies he promised to cut. Sure must have been with good intentions, but that doesnt make it the right policy. Any competent leader who could have tough decisions and today we would be in a completely different direction.

From 2018-today paks gdp has not changed whereby countries such as israel/bangladesh who had similar gdps are over 500+ billion gdps today while we are still stuck at 350 bn.

 

[hussain0216]

You cant spend money you dont have. A country simply doesnt go bankrupt in 8 months. It doesnt work that way. Takes years and years of bad policies.

Ik came to power in 2018 yet didnt implement any major economic reforms. Was any state own industey privitized? Why were subsidies expanded rather than being cut until we were economically stable? Why were loans take promises made to imf then next moment cancelled? All 4 years of IK was 1 disaster to another with 0 stability. Sure exports increases slightly but that was mainly due to the increase in PPE cuz of covid + lower exchange rate.

IKs whole economic policy was to simply beg for loans, make promises whereever he could, and then provide subsidies he promised to cut. Sure must have been with good intentions, but that doesnt make it the right policy.

From 2018-today paks gdp has not changed whereby countries such as israel/bangladesh who had similar gdps are over 500+ billion gdps today while we are still stuck at 350 bn.

Did you give IK a majority in parliament so he could effect change?

 

[HAIDER]

Govt is applying taxes on same people who are already paying taxes. They are not interested to increase tax bracket and add new millions of potential taxpayers. On top industrial, agriculture and real estate hardly pay any taxes, which is multibillions rupee potential collection.

 

[KaiserX]

Did you give IK a majority in parliament so he could effect change?

He literally had the whole cabinet.Take one look at his cabinet and tell me apart from 2-3 who was capable? Most were remnents of previously failed PPP/PmLn governments.

You may recall that early on many prominent economist such as atif mian + other harvard economist of pak origin were willing to become a part of his govt and advise him economically.

Then tlp made hue and cry abt them being ahmedis. What did IK do? Cancel the offer. Later no prominent pakistani origin economist would come to the govts aid due to protesting its misbehavior. Goes to show how easily he succumbed to pressure and how little knowledgabe people he had around. Look at his 2 finance ministers. They were tried tested failures or past PPP governments…

IK always said a leader is only as good as his team. Unfortunately he never followed his own advise.

 

[ziaulislam]

Speak for yourself buddy.

PMLN won several seats in the recent elections this yr.
Closing your eyes won't change the reality

Surely PTI won it's own seats but not PMLN seats

Awaam needs more chatrool before they stop voting for them

Harsh facts