Pakistan to approach IMF for a bailout, Asad Umar announces

[MultaniGuy]

ترکی میں 1961 سے لیکر 2001 تک ہماری ن لیک اور پیپلزپارٹی کی طرح 2 جماعتی الیکشن اور اقتدار تقسیم تھا اور ہماری ہی طرح بیچ میں ترکش فوج بھی سیاستدانوں کو جوتے مار کر حکومت کر جاتی تھی۔۔۔ 1999 کے الیکشن میں دونوں جماعتوں نے اتحاد سے حکومت بنائی۔۔پہلے یہ اکیلے اکیلے باری کے ساتھ لوٹتے تھے لیکن اس بار دونوں نے مل کر پورا ملک ہی چوس لیا۔ فروری 2001 ترک اکانومی کریش کر گئی۔۔۔ترک سنٹرل بنک کے پاس صرف 5 ارب ڈالر زرمبادلہ رہ گیا اور 1 ڈالر 15 لاکھ لیرا میں فروخت ہونے لگا۔۔ملک میں آلو اور پیاز اپنے وزن سے 2 گنا کرنسی سے بکنے لگے۔۔۔ملکی کاروباری لوگ اپنی فیکٹریاں اٹھا کر جرمنی یورپ اور دبئی نکل لیے۔۔۔۔ایمرجنسی حالات میں الیکشن کا انعقاد ہوا 550 انتخابی نشستوں میں سے 363 سیٹیں 2001 میں نئی بننے والی طیب اردگان کی جسٹس پارٹی جیت گئی۔۔۔طیب اردگان پر الیکشن کی پابندی تھی جو 2003 میں ختم ہونے کے بعد ضمنی الیکشن جیت کر طیب اردگاان وزیراعظم ترکی بن گیا۔۔۔

2001 میں ترک معیشت جن بدبختوں کے ہاتھوں کریش ہوئی۔۔جنھوں نے IMF سے 19 بار قرضہ لیکر ترکی کو 90 ارب ڈالر کا مقروض کیا تھا طیب اردگان کی حکومت بننے کے پہلے ہفتے نعرے ماو تھے کدھر ہے تبدیلی کدھر ہے ترقی ترکی کی سیکیولر شناخت ختم ہو رہی ہے۔۔۔انکے پاس پونے دو سو سیٹیں تھیں یہ روز پارلیامنٹ میں حکومت کو طعنے دیتے تنقید اور اسلامسٹ ہونے کے نشتر چھبوتے۔۔۔لیکن طیب اردگان کی پارٹی اور بعد میں خود طیب اردگان سر جھکائے ترقی کی جانب چل پڑے۔۔صرف اگلے 3 سالوں میں ترکی اپنے قدموں پر واپس آ چکا تھا۔۔۔ترک تباہ حال معیشت چین اور سنگاپور کا مقابلہ تو نہیں کر رہی تھی البتہ تنزلی کا سفر رک چکا تھا۔۔۔طیب اردگان نے لوٹ مار اور کرپشن ختم کر کے سادگی اپنا کر چھوٹے کاروبار پر فوکس کر لیا۔۔۔ملک سے فرار کاروباریوں کے ساتھ بیرونی سرمایہ کاری بھی آنے لگی۔۔۔2011 وہ سال تھا جب ترک حکومت نے IMF کی آخری قسط منہ پر مارتے ہوئے کہا کہ اب قرضہ چاہیے تو ہم سے لینا۔۔۔2012 تک ترک سنٹرل بنک کے پاس صرف 26 ارب ڈالر کے ریزرو تھے اور آج ترک بنک کے پاس 182 ارب ڈالر کے زخائر ہیں ترکی دنیا کی 17ویں بڑی معیشت ہے۔۔۔۔۔۔

اب آپ کالم کے اوپر والے حصے پڑھیں اور پاکستان کے سیاسی اور معاشی حالات سے موازنہ کریں۔۔ن اور پیپی نے باری باری ملکر پاکستان کو لوٹا ہے۔۔PTI پہلی بار اقتدار میں آئی ہے۔۔ملکی معیشت کا جنازہ نکل چکا ہے ہمارے سنٹرل بنک کے پاس صرف 9 ارب ڈالر کے زخائر ہیں ہر ماہ 2 ارب ڈالر کا تجارتی خسارہ ہے۔۔دنیا کے تقریبا ہر ملک کا ہم نے قرضہ دینا ہے۔۔ہم بدترین دشمن کی بدترین دہشتگردی کا شکار ہیں۔۔آج PTI حکومت کو معرض وجود میں آئے ہوئے 42 دن ہوئے ہیں اور پاکستان کی معیشت سے لیکر معاشرت تباہ کرنے والے بجو روز نئے پراپیگنڈہ کے ساتھ حکومت کے سامنے صف باندھے نظر آتے ہیں۔۔۔پٹواری سارا دن ہاتھ میں کیلکولیٹر اٹھائے روز تبدیلی کا رزلٹ مانگتے ہیں۔۔PTI ملک کی ترقی کی طرف ایک قدم اٹھاتی ہے تو جونک کی طرح پاوں سے لپٹ جاتے ہیں نا نا نہ ہم نے کیا ہے نہ ہی کرنے دیں گے۔۔۔آپ صرف ترکی نہیں سنگاپور ملائشیا چین جنوبی افریقہ جیسے کئی ممالک کی ترقی کی داستان اٹھا لیں ترقی اور تبدیلی کے خلاف پہلے سال رولا ڈالنے والے پاپیوں کا آج ان ممالک میں کوئی زکر بھی نہیں کرتا ترقی کی جانب محو پرواز چند سالوں بعد ایسی اپوزیشنوں کا صفایا ہی ہو گیا۔۔۔تسی منو یا نہ منو ہونا ایتھے وی اے ہی اے۔۔۔۔

Translation please? I can't read Urdu language.

Even google translate is incompetent.

 

[VCheng]

Absolutely we will find it out what Imran Khan and his cabinet will do. Only time will tell.

Exactly. And as I have said many times before, we need to give this government some time to show the nation what they actually achieve. No rush.

 

[ranjeet]

Then that's really sad.

You know I don't buy the bs of Indians being one people.

It took us a long time getting here.

You guys had the chance cementing things with cultural Hindutva and taking all of us along for the ride.

Closer. Tighter.

Instead the last 5 years was spent ripping tiny and not so tiny shreds from the increasingly smaller whole.

Cheers, Doc

BJP has taken everyone for a ride here in this term..... they are neither right or left. They are the new congress.

 

[AZADPAKISTAN2009]

Clearly in order to reverse 28 years of bad policy you need time

Policy Making Process:

Step 0: Old policies are reviewed to judge how much time is needed to fix it [We are here, reviewing damage by Nawaz Last term and propose a timeline for fix]

The Fix:
Step 1: New Policy is implemented to counter old habits
Step 2: New Policy starts working effectively , you generate cash more cash internally
Step 3: Policy is checked for flaws , if it is making enough cash or can it get better
Step 4: Benefits are judged every year , adjustments are made
Step 5: Policy is extended or cancelled




Day 52-Day 53 ~ PTI proposes to work with IMF


Span of 28 years (Negative terms) Rupee rises from 18 rupee to 125 rupee per dollar
Nawaz Sharif (3 terms)
Bhutto (1 Term)
Zardari (1 Term)



Neutral Term (Reduced the currency devaluation)
Musharaf 2 terms

 

[shah_123]

The nation was kept busy with visits to governor houses, buffalo auctions, Fawad bablu's speeches etc., and under the table Asad Umar was making deals ( rather selling the nation) with IMF.

 

[H!TchHiker]

He was busy wasting time with me here instead lol (btw bhai you may be interested to read some of it to get some scope on the issues going on right now):

https://defence.pk/pdf/threads/indi...w-against-dollar.574773/page-29#post-10838531

Good read gone through it..You put it in more details and the same i was breaking my head that just by imposing tariffs exports will not increase..Further in our context exchange rate was not free float and was controlled to some extent..Dollar upward trend though global phenomena but our BOP and economic uncertainty in policies made it worse..Further no where in the world Central bank governor himself said "we will have dollar by this amount " which means rupee to be further devalue by 11 rs..
our textiles are lagging behind global competition both in terms of quality and pricing. We are 15% in terms of global competitiveness benchmark in textile.Right now Agriculture can be the only sector that we can work on if we improve yields (for example currently our yield is 50% that of India).No country can progress unless there is a competitive edge globally which we are missing be it textile or otherwise which my friend was not ready to accept

 

[AZADPAKISTAN2009]

The nation was kept busy with visits to governor houses, buffalo auctions, Fawad bablu's speeches etc., and under the table Asad Umar was making deals ( rather selling the nation) with IMF.

Let me answer this in a very simple manner

Before , any new policy is implemented which fixes a problem. You have to first review the old policy by previous government. You judge the time it takes to fix the old problem. Then you have to keep country operational for the time it will take to fix the problem. Then you introduce your fix

While the review was going on Imran Khan continued to fix what was fixable , common sense problems were fixed quickly

The Process

1- Review old policy (If your have heart failure doctors checks you up first before recommending a fix)
2- Find timeline to fix old habits or cancel effects of old policy
3- Keep country running , during that time
4- You start making changes (New Policy is introduced)
5- You see improvements
6- You make refinements keep it going or change it
7- You total up money made from new policy and judge your next steps


PTI has already secured few successes [We are actually doing quite well]


a) Asian Development Fund is on Board with Government reforms mentioned by Imran Khan, 7 Billion Dollar have been secured

b) IMF security Funding 3 Billion Dollar to 5 Billion Dollar is on the cards in order to give Government time to further solidify improving Taxation and Financial reforms



Cheap Gas for Punjab refineries will open 100 Textile Mills That is Millions being employed again (Tripple Shifts in Factories)

 

[shah_123]

IMF loan will cost Pakistan 1.2 million jobs: Asad Umar

https://tribune.com.pk/story/610919...bs-asad-umar/?amp=1&__twitter_impression=true

 

[BHarwana]

Pakistan was going IMF and started introducing hard economic policies okay.
Now can any one tell me what is the current PKR to USD price I think it is 122 now so why is rupee up when govt is introducing hard policies.

 

[H!TchHiker]

Pakistan was going IMF and started introducing hard economic policies okay.
Now can any one tell me what is the current PKR to USD price I think it is 122 now so why is rupee up when govt is introducing hard policies.

can you tell me the name of exchange company from where i can have dollar at this rate ?

 

[CHACHA"G"]

Problem of Pakistan ……….. Elite and Awam both are chutiyas…………

How so?
Just take one example , we are importing 1 to 1.5 billion dollar worth of smart phones only now look at our direct tax collection ( take out salary class from direct tax) …….. Askari making cement but no mobile phone , Shareef selling eggs but no phones and Zardari selling sugar again no phones . .

In this field we got Q-mobile , this sh!t damaged Pakistan as much as possible...….. Check out there manufacturing in Pakistan scandal on google . . . . . . .

Waist of time.

 

[Proudpakistaniguy]

The nation was kept busy with visits to governor houses, buffalo auctions, Fawad bablu's speeches etc., and under the table Asad Umar was making deals ( rather selling the nation) with IMF.

We have greater thing to do..though i hate this lady but she is spot on here

https://twitter.com/x/status/1049339936183341056

 

[Nilgiri]

BJP has taken everyone for a ride here in this term..... they are neither right or left. They are the new congress.

Populism + parliamentary democracy is incapable of producing genuine free-market "right" party. We are doomed to choosing least bad option each time here on out till there is fundamental revolution and new constitution introduced with a far superior system and doctrine.

 

[AZADPAKISTAN2009]

When you want to fix the country you have many level of fixes

a) Fixes or Improvements at your hands length (Stuff you see with your eyes , and is with in your reach)
Lets say austerity drive , it is quick application

b) You sell the Cars in Prime Minister home , it is quick and fast , issue is fixed now

c) Governor house is open to people across all provinces so people can see how rich people lived in these houses. All ministers told to live in rented simple apartment

d) You fix the unnecessary expenses of Minister , it is super fast to fix and you are done quickly

e) You elect your ministers who are specialist and they start review policies (example financial policy) done

f) Now you start seeing micro level change e.g Railways is healthy , new trains are running fantastic.
The Dam fund is picking up speed , people are positive and enthusiastic

g) You announce a fantastic announcement to make Gas price cheap in Punjab , 100 Closed mills are now open
or will become operational again , absolutely fantastic news

h) You closed many deals

• Gas line deal with Russia. (Also Refinery in KPK)
• Investment Deals with Turkey (Hygenic Products / Goods transport company)
• Investment deals with Saudi Arabia (Refinery)
• Solidify oil discovery venture at your shore with Exxon Mobile

-----------------------------------------------------------------------------------------------------------------------------

"i is for IMF" -> They want to make money they are a business company

"IMF is a tool which gives you time , so you can fix your core problem for Taxation or Import habits or your export issues and if you do that you generate your own money"

i) Then there is issue of the bigger picture of Loan / Interest Payment so for that you need a time frame of 1-1.5 years for new policies to be set in order to improve cash flow in country

• Tax Collection Improvements
• Various Permits
• Sales Tax
• Road Tolls
• Cell phone Recharge Tax

 

[shah_123]

Sayings of Asad Umar:

https://twitter.com/x/status/730273869743951872

https://twitter.com/x/status/730272020328525825

Asad must start deleting his old tweets.