Cold-shouldered by IMF, Pakistan may turn to China for bailout

[Sliver]

World wide economic meltdown ...so Pakistan is not solo case , more to come. US govt still fail to control the inflation. Another issue is ongoing Ukraine war.

World wide?
Crude oil prices are lower than a year ago
Wheat and food prices are up a lot, but Pakistan having some good fertile areas should have been insulated and in fact taking advantage of that
Instead we have a huge country requiring to import wheat.

 

[maithil]

@maithil

Dollar Dar's decision to reduce POL prices suggests that they have given up on IMF. It is China now for sure.

Regards

Yes.. They have very successfully sabotaged any chance of IMF agreement.

 

[Kuru]

Pakistan should sell Karachi off to China. Will get a good amount for it.

This way, Pakistan won't have to go to IMF for at least 2 years.

 

[Baburfromsarmarkand]

Pakistan should sell Karachi off to China. Will get a good amount for it.

This way, Pakistan won't have to go to IMF for at least 2 years.

Prefer if they sell Islamabad

 

[game]

Pakistan has not diversified the exports..from last 50 yrs Textile and agriculture products

out of the top 10 exports..textiles and cotton counts for more than 55%

1. Miscellaneous textiles, worn clothing: US$5.5 billion (19.1% of total exports)
2. Knit or crochet clothing, accessories: $4.5 billion (15.6%)
3. Cotton: $3.4 billion (11.8%)
4. Clothing, accessories (not knit or crochet): $3.4 billion (11.8%)
5. Cereals: $2.3 billion (7.8%)
6. Copper: $818.3 million (2.8%)
7. Leather/animal gut articles: $697.6 million (2.4%)
8. Fruits, nuts: $492.9 million (1.7%)
9. Salt, sulphur, stone, cement: $484.7 million (1.7%)
10. Optical, technical, medical apparatus: $437 million (1.5%)

Coming to top 10 exporting countries ..US alone is 70%

Pakistan’s Major Trading Partners​

The latest available country-specific data shows that 69.7% of products exported from Pakistan were bought by importers in: United States of America (21.1% of the Pakistani total), mainland China (10.5%), United Kingdom (7.3%), Germany (5.4%), Netherlands (4.9%), United Arab Emirates (4.1%), Spain (3.5%), Italy (3.1%), Afghanistan (2.9%), Bangladesh (2.8%), Belgium (2.5%) and France (1.6%).

Relationship with US , demand for textiles and climate impact of cotton crop and yearly production of cotton are major factors that have impact of economy


Pakistan should have moved to service sector exports ..which require only manpower to depend on ..and does not require any raw materials to import nor impacted by climate changes

 

[HAIDER]

World wide?
Crude oil prices are lower than a year ago
Wheat and food prices are up a lot, but Pakistan having some good fertile areas should have been insulated and in fact taking advantage of that
Instead we have a huge country requiring to import wheat.

We are losing fertile land due to floods and now we have a trend of building housing schemes.

 

[xyxmt]

Best thing to is pay off the debt, borrowing money is a bad strategy. We need to start a national campaign for an economic revolution and break the shackles of dependency.

hahaha and Dar is the best men for this with NS as his mentor, see how them both broke the shackles of poverty and made empires for themselves, from Gawalmandi to Evanfields

 

[Hyde]

The grapes are sour...

China is interested in giving project-based loan. You take a project to them explaining the benefit and they might consider investing and fruiting the long term benefits. China does not usually give loans like IMF that is why we went to IMF in the first place. Now if they are unable to seek loan from China, they will start looking towards Saudi Arabia and Dubai.

PS: The solution to this IMF issue is interlinked with a stable government in Pakistan and I am not very hopeful until the free and fair elections are held.

 

[game]

The grapes are sour...

China is interested in giving project-based loan. You take a project to them explaining the benefit and they might consider investing and fruiting the long term benefits. China does not usually give loans like IMF that is why we went to IMF in the first place. Now if they are unable to seek loan from China, they will start looking towards Saudi Arabia and Dubai.

PS: The solution to this IMF issue is interlinked with a stable government in Pakistan and I am not very hopeful until the free and fair elections are held.

..and China rarely gives cash as loan ..but built projects with its own men,machinery,materials and bills the costs as loan to the government
99 percent BRI/CPEC projects are on this model and not even a $ entered SBP reserves

 

[Cheepek]

China:

 

[Riz]

A question to our PDF foujutias , where is army chief who arranged every good thing for IK in his 3 years term ? Ab arabs aor IMF kuttay ki tarha dhutkaar raha ha inko keun ??

 

[White and Green with M/S]

China:


View attachment 930047

Concern your pathetic country first leave Pakistan alone

 

[legacytiger18]

..and China rarely gives cash as loan ..but built projects with its own men,machinery,materials and bills the costs as loan to the government
99 percent BRI/CPEC projects are on this model and not even a $ entered SBP reserves

China builds these things super-fast, so, even if they build entirely, still it s benifical to the pakistan. If all that infrastrcuture built by china under CPEC is put under usage for economic developement , it would have been a game changer for Pakistan. But, unfortunately, just like other 3rd world countries(india included), pakistan cud not make use of this infra, now, loans are going to haunt.