Thanks to him even IMF approval may not be enough to spare us further harm. !!

[VCheng]

Because they have been involved in same process before and have access to more knowledge than an average joe.

For example many of the low level Islamist parties are clueless about the agreement specifics but PMLN/PTI know full well everything. Because they’ve not even smelled the corridors of power lol

I don’t know why you think everything is so black and white with this. Or that IMF is some charitable organisation

Where have I ever said, or implied even, that IMF is a charitable organization? It is a lender of last resort.

It is a multinational organization where members join voluntarily (and they can leave just as easily). The money that IMF lends out is put up by its own member states. When a member country fails to keep its financial house in order, it can request IMF for help, if it so chooses. The IMF simply cannot hand out its members' monies without asking for specific steps that are needed to put the financial house back in order, which is the whole reason for its existence. Those steps are according to basic and simple financial rules that all successful economies follow. It is up to the member to follow through, something that Pakistan has failed to do 22 times already, I might add. No wonder it chooses to go back to the IMF again and again. The information about IMF analyses, reports, recommendations, and agreements are all available to anyone with half a mind to look for them, without any need for secrecy.

If you still wish to see demons in the shadows when in fact they are only internal, then I am afraid I cannot help you with this any further.

I dont give drug addicts free money.

IMF should do the same.

IMF is bound by its charter to help any member state when asked by said member state to do so.

 

[truthseeker2010]

The us state department signaled to Pakistan, that elections should not be delayed beyond October 2023, or else they fear the rise of Anti-Americanism.

PDM isn’t thinking long term though, but the message wasn’t conveyed to them, but to the powers that be.

This all changed after SC decision on election, not directly but indirectly.

 

[fisher1]

Where have I ever said, or implied even, that IMF is a charitable organization? It is a lender of last resort.

No but you refuse to believe that IMF is used to dictate certain changes in a country and loan is given as a charity. Which isn’t true. Beside all the good, there are also the ugly that are never disclosed to public.

You’re right that our c*NTS for leaders put us in this situation but that’s not what we’re discussing though. Heck, if we had democracy with corrupt leaders there is glimmer of hope that at least if not completely paying off we would at least be in a much comfortable position where the loans would be used for developmental projects rather than survival. Iceland is a prime example of how if democracy is allowed even corrupt leaders can’t do as much damage as a military dictator can. For starters, it’s downright impossible to go to war without overwhelming public support and the reason for Pakistan mess is also the wars we fought. But I digress

If you still wish to see demons in the shadows when in fact they are only internal, then I am afraid I cannot help you with this any further.

The prejudice of people against me here for criticising IK has made them to forcefully make me a patwari but like I have said countless times I was uninterested in politics until IK came. I used to watch every 2 hour speech of his including filler, proper dedicated youthiya and IK taught me that IMF and loaners use loans to enslave us and dictate a country etc. Economic hitmen and all that.

So maybe you’re right but that brainwashing in me makes me refuse to believe that IMF is just a loan organisation.

Google doesn’t bring old results but this is what I mean

Imran Khan & Confessions of Economic Hitman - Pak Brands

Today I was watching Imran Khan in a TV interview. He was explaining how IMF…

pakbrands.pk

Finance minister is economic hitman: Imran

PTI chief calls for Dar’s resignation after submission of NAB references; admits failure to introduce effective

www.dawn.com

I didn’t even know what IMF was before taking these lessons from IK now you’re telling me just the opposite. You’re rattling my brainwashing lol

 

[FuturePAF]

This all changed after SC decision on election, not directly but indirectly.

So you mean they accept the need for national elections in October 2023?

 

[MilSpec]

Such agreements can held only for a time only by the member state's request. At least read the IMF Charter and its policies to get started.

(Ever wonder how the opposition gets to know what is in the agreements? )

Convincing people here to read is quite futile.

 

[truthseeker2010]

So you mean they accept the need for national elections in October 2023?

The PDM does not want election.
SC has compelled them as of now.
The census is the dark horse.
Army does not want IK with absolute power.
US is gauging.
IMF wants long lasting actions which this gov won't and cannot provide.
IMO, the elections will not be held separately. IMF also knows this hence they will be looking overall situation (and also the gov moves) before giving any sort of signal at SLA. Which in current situation is close to impossible.

 

[FuturePAF]

The PDM does not want election.
SC has compelled them as of now.
The census is the dark horse.
Army does not want IK with absolute power.
US is gauging.
IMF wants long lasting actions which this gov won't and cannot provide.
IMO, the elections will not be held separately. IMF also knows this hence they will be looking overall situation (and also the gov moves) before giving any sort of signal at SLA. Which in current situation is close to impossible.

Thanks for clarifying

 

[VCheng]

IMF is used to dictate certain changes in a country and loan is given as a charity.

Incorrect. The changes IMF prescribes are only what is according to basic rules of good financial governance that are needed to balance the books. The loan facilities forwarded to the member country are never charity, but a properly structured tool to achieve its purpose. Nothing more, and nothing less.

You’re right that our c*NTS for leaders put us in this situation

And that is NOT anybody else's fault. The IMF does not approach Pakistan. Pakistan requests to be rescued as a member state.

So maybe you’re right but that brainwashing in me makes me refuse to believe that IMF is just a loan organisation.

Correcting any brainwashing is not my issue. It is totally your choice what to believe.

(And if you think you are treated unfairly on PDF, you should see what they say about me. )

you’re telling me just the opposite. You’re rattling my brainwashing lol

I am only telling you the facts. What it rattles or not is up to you.

Convincing people here to read is quite futile.

Sadly that is true. I owe my people a debt of trying to tell them the truth created by knowing better. The rest is up to them, but I cannot fail in my duty.

 

[AZADPAKISTAN2009]

Look it takes no PHD Math to figure this out

If we had 26 Billion Dollar and it did not solve our issue

• How can mere 1.1 Billion IMF loan can fix the issue

 

[VCheng]

Look it takes no PHD Math to figure this out

If we had 26 Billion Dollar and it did not solve our issue

• How can mere 1.1 Billion IMF loan can fix the issue

Because what the IMF prescribes as the steps to take are the real cure. That is why others wait for the IMF to decide what is needed to fix the economy before they provide further funds. The real tragedy is that Pakistan has failed to complete the steps needed 22 times already. The longer it waits to fix the problems, the greater the pain will be, as we can see already.

 

[AZADPAKISTAN2009]

A wise man once said

"Live with-in your means"

Spending $5,000 when you have $1500 in your Bank account will mean you will have -ve balance

Spend less on "Luxury" and focus only on essentials.

• The current financial crisis is self made by PDM to remain in power and delay elections

 

[nahtanbob]

The so-called independent English daily has finally realized the demolition done by the Demolition Squad.

Dawn talking about Dar and Dar's patrons.

Like Every other section of Media, Dawn too was fiercely opposed to KHAN

"Thanks to him, we have reached a point where even IMF approval may not be enough to spare us further harm. Lasting damage has been done not only to the economy but also to the national psyche."

Lasting harm

The Sharifs must stop supporting Dar who is responsible for single-handedly ruining the future of millions of Pakistanis.

www.dawn.com

Is IMF loan good or bad for Pakistan ?

 

[VCheng]

Is IMF loan good or bad for Pakistan ?

Like any tool or facility, it all depends on what one does with it.

 

[Mustang125]

My two cents:

The biggest mistake made was when PDM pushed through VONC. At that time the support for PTI was really low, if they were allowed to finish off their term or better enough if elections were called right after the VONC, it would have been a totally different story and most likely PTI would have lost seats and/or even the government. You simply can’t fix the economy if you have a mandate of 18 months, also not a great look if you are trying to prolong elections. The only way we can fix or stabilize the economy is by having a government with a full mandate of 5 years. In my opinion going ahead with the VONC was political suicide and you simply can’t blame it on the previous govt. the previous govt weren’t saints BUT what Ishaq Dar has done with his ego by challenging IMF and the rating agencies is pure idiocy and he needs to be fired immediately even if though I fear it might be too late. Elections need to happen so a govt with a 5 year peoples mandate can come.

 

[nahtanbob]

Like any tool or facility, it all depends on what one does with it.

That makes it a hard decision on whether to avail yourselves of the IMF loan or not