World powers blackmailing Pakistan on IMF bailout Highlights

[Pakhtoon yum]

It is like saying I am giving 100 dollars and you cannot use it to buy drugs. But you know if you earn 40 dollars on your own you can use it on drugs



most of the populace is too poor to pay taxes
they are already taxed to the limit on petroleum

I'm sure I know more about Pakistan, then you ever could, American. Go spread your bs somewhere else.

 

[JohnyD]

It is like saying I am giving 100 dollars and you cannot use it to buy drugs. But you know if you earn 40 dollars on your own you can use it on drugs

OK, will you lend money at almost zero rate of interest to the customer of your competitor who will use that money to go back and buy more from your competitor?

there is no restriction if you want to use the package to support economy or social welfare causes....something that Pakistan has agreed that they wont use the fund to repay Chinese loan

 

[OldenWisdom...قول بزرگ]

IMF stands to enroll Pakistan in the existing world Order. An obedient one at that and cause pain if they misbehave. So, unless Pakistan is willing to take the painful route(an independent one) there is more pain down the road.

 

[ShaikhKamal]

One of the main person to blame is Nawaz Sharif for this humiliation of Pakistan. Sharif was a "businessman" owner of the Ittefaq Foundries, mini Steel Mill, and people hoped that he would improve the economy of Pakistan. Instead he proved to be incompetent Prime Minister and clueless as Pakistan's economy crumbled during his premiership. Nawaz appointed his relative, father of his son-in-law, Ishaq Dar as the finance minister who was even a bigger incompetent fool now he is hiding in plain sight in Britain.

 

[shah_123]

and our ruling class will happily oblige --- I heard that the deal is finalized, will Asad Umar tell the nation on what conditions he has sold this nation.
Slavery on it's way under imf/fatf black mailing.

 

[ps3linux]

Hmm...I am not really sure....If nothing works out, why can not Pakistan get one time soft loan of 20-30 b from Chines/Arab investor and provide them with lucrative tax benefit?

IMF is always makes tough deal with struggling nation...And in democratically elected countries, it will be a tough call for the ruler to justify in front of their own people..

There are few things here at work first the false pretense of friendly/brotherly countries. It is all about interests Chinese govt does not lend money as a policy, it is their commercial banks or infrastructure development banks which lend the money, which carries interest/markup. Borrowing from them may be easy but Chinese are too calculated to overstretch themselves and taking unnecessary financial risks.

Arabs on the other hand is a different story being who they are, they want us to be their cannon fodder and resolve all their security issues be it the war in yemen or proxy war with Iran, we despite everything can only go so far in this area, we have a huge Shiite population which is as much Pakistani as any other, why should be embroil ourselves in an unnecessary war so money coming from Arabs is first a figure it cannot be used, besides it does carry interest. Moreover Arabs do not want to take unnecessary financial risk on us.

Now when it comes to IMF or ADB they put forward tough condition what we call "to ensure financial discipline" in easier language learn to live within our own resources. I may not agree with their model of increasing interest rates, create inflation, abolish subsidies. There are other models but to sell those models to IMF/ADB we do need competent bureaucracy and politicians and we are so very lucky in that area. I don't want to repeat my thoughts in this area. Financial discipline coming out of IMF bailout package is an indication to rest of the agencies now they (Pakistanis) have agreed on tough decisions and financial discipline we could now lend money to them. That will be the trigger for stock market to start performing, economy consolidating and preparing for future expansion along foreign investor getting ready for FDI. Nutshell IMF bailout package is the most viable choice.

 

[countryman]

Situation is not simple as we think - that is why each global lender is trying leverage the bailout - call it blackmail, but they're there for their interest not ours. The situation we're in isn't created by them but ours, I don't know what you guys would call them, but word "Traitor" always comes in my mind when I think of them. It was situation staged by our own so Pakistan fails when they're out of power - lust of power is always like that.

Imran Khan tried to avoid IM initially but there is no way out - Govt not only have to carry its own burden but the burden of it previous previous Govt's doing as well - financing gap generated due to CAD this year will be about $11.5 Billion - $8.5 already managed by timing it remaining $3 billion could also have managed same way using Saudi's oil facility. And then what? In next years Govt have to mange the previously scheduled debts as well as that's years financial gap.

Govt is trying to hide their real level of worry to avoid panic but we're in a very desperate situation and question we need to ask ourselves is more like asking a patient with a disease on terminal stage: "Do you want to live or enjoy the moment?" and act accordingly because the required cure is much more painful.

PS: If I had to choose it for myself - I would have chosen cure instead taking more of what is killing me to buy a few moments of comfort.

 

[New World]

Pakistan need $12 BN USD and the money which they brought from USE, Saudia and China combine was not even 6. This is the real face of so called Ummah and China

 

[Abdussamad]

Why is Allah not saving? Why has he left us to the mercy of the infidels and idol worshippers?

 

[Awan68]

Why is Allah not saving? Why has he left us to the mercy of the infidels and idol worshippers?

Allah has already shown us the way in Quran and by the Sunnah of His Prophet( pbuh), he has given us brilliant minds and able bodies, the rest is up to us to rectify our flaws and act in our interests. We cannot blame Allah for our own failiures.

 

[Syed1.]

I hate this situation worst part is we caused it on ourselves due to the "democracy" of Bhuttos and Sharifs. These two khandaans need to be put infront of a firing squad for what they have done to the country.

 

[New World]

Why is Allah not saving? Why has he left us to the mercy of the infidels and idol worshippers?

Do we follows his commandments? Answer is NO.

He has already given the set of rules to follow, but we are not following those rules and we reached here because of that..

 

[nahtanbob]

Situation is not simple as we think - that is why each global lender is trying leverage the bailout - call it blackmail, but they're there for their interest not ours. The situation we're in isn't created by them but ours, I don't know what you guys would call them, but word "Traitor" always comes in my mind when I think of them. It was situation staged by our own so Pakistan fails when they're out of power - lust of power is always like that.

Imran Khan tried to avoid IM initially but there is no way out - Govt not only have to carry its own burden but the burden of it previous previous Govt's doing as well - financing gap generated due to CAD this year will be about $11.5 Billion - $8.5 already managed by timing it remaining $3 billion could also have managed same way using Saudi's oil facility. And then what? In next years Govt have to mange the previously scheduled debts as well as that's years financial gap.

Govt is trying to hide their real level of worry to avoid panic but we're in a very desperate situation and question we need to ask ourselves is more like asking a patient with a disease on terminal stage: "Do you want to live or enjoy the moment?" and act accordingly because the required cure is much more painful.

PS: If I had to choose it for myself - I would have chosen cure instead taking more of what is killing me to buy a few moments of comfort.

you should try visiting hospital with terminal cancer patients. When you are in pain you will take a few moments of comfort

 

[fitpOsitive]

I wish one day we are lending money to IMF. It's not impossible though. I know the path.

 

[Sharky]

I don't get this at all. Why isnt China giving money to Pakistan to take it out of the economic woes. Not trolling. This really makes no sense at all. Jingjing has everything to lose if cpec fails in paksitan. I thought they will do anything to make sure it doesn't. 30 bill USD is nothing to China but it would get pakistsn out of this situation once and for all. Weird.