American Pakistani
ELITE MEMBER
- Joined
- May 30, 2010
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Loan is just loan. It is time to start paying back. No more loans or aid but just Trade.
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IMF isnt bad...key is to get reserves build up quickly to bring confidence...govt should build up reserves quickly to 20 billion dollars..I think it should go to IMF and engage WB ABThere have been wide speculations of Pakistan going to IMF for loan but this just might not happen.
Pakistan has a debt which was taken by previous govt of PMLN. The rupee support policy of PMLN threw Pakistan into bad economic water but with the announcement of progressive PTI govt and their pro economic policies Pakistan is not going to knock the door of IMF, reason China has decided to pump more cash into Pakistan's economy. The effect of this news is already bringing economy back on track. Dollar price is falling every day and stock market of Pakistan is showing some of the largest gains after the elections.
China has agreed to a loan of $2 billion even before PTI has moved into office.
China wants to provide the new govt a fair ground keeping it out of Western clutches of IMF policies.
Actually taking loan from IMF is good for country/governance. They hav stringent rules for loans . This will force government to cut down subsidies and wasteful expenditure and improve the performance of public sector companies.
The problem is what will Pakistan do when these loans are due for payment? These are loans not gift. If oil prices go up further, Pakistani currency will fall fast. These measures can kick the can further but not fix the fundamental issue of credit and currency crunch.There have been wide speculations of Pakistan going to IMF for loan but this just might not happen.
Pakistan has a debt which was taken by previous govt of PMLN. The rupee support policy of PMLN threw Pakistan into bad economic water but with the announcement of progressive PTI govt and their pro economic policies Pakistan is not going to knock the door of IMF, reason China has decided to pump more cash into Pakistan's economy. The effect of this news is already bringing economy back on track. Dollar price is falling every day and stock market of Pakistan is showing some of the largest gains after the elections.
China has agreed to a loan of $2 billion even before PTI has moved into office.
China wants to provide the new govt a fair ground keeping it out of Western clutches of IMF policies.
Always intriguing to find Indians worried about Pakistan’s finances
There have been wide speculations of Pakistan going to IMF for loan but this just might not happen.
Pakistan has a debt which was taken by previous govt of PMLN. The rupee support policy of PMLN threw Pakistan into bad economic water but with the announcement of progressive PTI govt and their pro economic policies Pakistan is not going to knock the door of IMF, reason China has decided to pump more cash into Pakistan's economy. The effect of this news is already bringing economy back on track. Dollar price is falling every day and stock market of Pakistan is showing some of the largest gains after the elections.
China has agreed to a loan of $2 billion even before PTI has moved into office.
China wants to provide the new govt a fair ground keeping it out of Western clutches of IMF policies.
The Indians are an extremely cowardly grouping. They weren't able to cause much harm to Pakistan despite it suffering from an extremely broken economy due to being run by mafia bosses. If Pakistan is run by a government even in a little bit of normal way, it will become a stronger country in no time. Even while Pakistan was in an extremely bad situation, India still lacked any courage to confront Pakistan at any level and instead resorted to spreading terrorism. For which Pakistan has not yet retaliated due to the same reason above.
You forgot race and culture in your diatribe
Nothing previous loans turned into foreign direct investment.
The projects of power production which were built on Chinese loan are being made into FDI now they are no more loans.How ???
The projects of power production which were built on Chinese loan are being made into FDI now they are no more loans.
The projects of power production which were built on Chinese loan are being made into FDI now they are no more loans.
Kashmir and Pakistani activities towards India... else, nothing interesting...