Bilal9
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Please somebody teach Pakistanis basic mathematics. You can't take new external loans to payback old external loans for ever. It's a giant ponzi scheme with only one conclusion: default and bankruptcy View attachment 849445View attachment 849443View attachment 849444
@FOOLS_NIGHTMARE @Mav3rick @Patriot forever @farok84 @Wood @UKBengali @Bilal. @Bilal9 @beijingwalker @Beast @SQ8 @blain2 @VCheng
I sincerely hope creative avenues of belt tightening can be found in Pakistan - other than taking on new loans, unless they are of an emergency nature.
Together with the usual belt-tightening measures - (severely restricting non-essential imports as well as substituting local products in lieu of imports) new ways of increasing remittances must be implemented ASAP.
New export avenues must be found as well, to non-traditional markets - to improve amount of export proceeds.
All parties - including "innocents", must participate in the belt tightening.
Fauji Rice, Atta, Maida, Sooji and Edible Oil must be sold at bare minimum profit. Both in Bangladesh and Pakistan.
Consumer foodstuff hoarders must be "outed" - punished and made examples of.
Tough times call for a set of tough measures - hoping the brightest minds in Pakistan can work together on implementing those.
Not a Pakistani citizen, just offering my two cents as an outsider, which all Pakistanis can reject.
BTW I suggest Bangladesh also tighten belts along the same lines.