Abu Zolfiqar
Rest in Peace
- Joined
- Feb 12, 2009
- Messages
- 22,555
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our balance of payments issue is being resolved somewhat satisfactorily....main issue is poor tax to GDP rate which is worse even by African standards.....dwindling FDI has been slightly offset by increased remmittance earnings (which is proof that overseas Pakistanis have worked hard and given back to their ancestral land - which is commendable and honourable of them)
unless we reach a point where the FOREX reserves are so low that we dont even have enough for 2-3 months worth of imports, i dont think we should even opt for the IMF. If the spineless govt. keeps bumbling on and robbing the country they dont give a flying rats **** about then we'll have no choice but to once again cut off humanitarian/development projects and adhere to what the emergency ward (IMF in Washington) orders us to do......our reserves position at present is satisfactory but less than ideal - and it'll get worse because we are now paying off the $7.95 billion (my figure may be off slightly) owed from previous tranche -money which has clearly kept us in this spiralling debt trap. Luckily for Pakistan's sake, we have always been responsible with repayments to avoid out of control interest. But all this -- again -- at the expense of our FOREX position.
there is no DISCIPLINED leaderership in Pakistan.....they are as good as dead. They were dead even before they left their mothers stinking wombs
unless we reach a point where the FOREX reserves are so low that we dont even have enough for 2-3 months worth of imports, i dont think we should even opt for the IMF. If the spineless govt. keeps bumbling on and robbing the country they dont give a flying rats **** about then we'll have no choice but to once again cut off humanitarian/development projects and adhere to what the emergency ward (IMF in Washington) orders us to do......our reserves position at present is satisfactory but less than ideal - and it'll get worse because we are now paying off the $7.95 billion (my figure may be off slightly) owed from previous tranche -money which has clearly kept us in this spiralling debt trap. Luckily for Pakistan's sake, we have always been responsible with repayments to avoid out of control interest. But all this -- again -- at the expense of our FOREX position.
there is no DISCIPLINED leaderership in Pakistan.....they are as good as dead. They were dead even before they left their mothers stinking wombs