Dar has said that we now have to learn to live without the IMF.

[Enigma SIG]

We are pursuing aggressive policies to correct the economy. These are time exhausting measures.

TIme exhausting measures of becoming a fascist paedophile state that wants to rape kids?

Got to say, I have been hearing that Pakistan is going to default next week for several months now and it hasn't happened. They must be doing something right.

Keeping your neck juuuust above the waterline in a storm aint a valid strategy. Sooner or later there comes a wave that spells doom and all you can do is look at that wall of water in despair.

 

[nahtanbob]

Except no aggressive policies are being implemented because Dar keeps going back on his word.

The IMF and the Chinese will get their money back no matter what, they're not worried about losing money because they can simply seize overseas Pakistani assets and auction them off to make the money back.

Again you talk of things you have little to no knowledge about as if you're this intellectual.

You are not.

Stop it.

Seriously what overseas assets does Pakistani state have ? Your foreign debt is $140 billion

 

[Redbeanpaste]

Keeping your neck juuuust above the waterline in a storm aint a valid strategy. Sooner or later there comes a wave that spells doom and all you can do is look at that wall of water in despair.

The longer you can keep your head above water the more likely you are to survive.

Last month everyone had debt clocks and saying that Pakistan has one week, four days , 2 hours for default.

We ain't defaulted yet, the longer we postpone the more likely that we find a way out.

The government must be doing something right and getting lambasted for it.

 

[PradoTLC]

Have to live without IMF, Says Dar after imposing plethora of taxes on nation​

Finance Minister said it is a surprise to world that Pakistan has not and will not become Sri Lanka, All payments are timely, Pakistan will not default​

Web Desk11 hours ago




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Federal Finance Minister Ishaq Dar has said that we have to learn to live without IMF. Economists say that if we had to live without IMF, we would have to accept their demands on people. Why was the tax burden of 170 billion rupees imposed? What was need to make petrol and diesel expensive? What was need to increase prices of electricity? Ishaq Dar answer these questions.
These views were expressed by Finance Minister Ishaq Dar while addressing a function organized by Islamabad Industrial Association in Islamabad yesterday.
Ishaq Dar said that it is a surprise for the world that Pakistan has not made Sri Lanka and will not make it, Pakistan will not default, all payments are timely, Pakistan will not default.
FIR filed against protesting women in Peshawar, distributing death in the name of flour and ration in KPK and Punjab
The Federal Finance Minister said that all the pre-conditions of the IMF have been fulfilled, we have to learn to live without the IMF, during the first 8 months of this financial year, Pakistan’s external debt has decreased by 4 billion dollars.
He again lit the lamp of hope and said that the staff level agreement on the IMF program will be done soon, the board meeting will also be held.
He said that Pakistan is not made to default, the finance minister asked the business community for budget suggestions.
Addressing the event, he said that Pakistan was a macroeconomically unstable country in 2013. In the last 6 to 7 months there were talks of default, during the year 2013 to 2017, Pakistan became the 24th largest economy in the world.
Ishaq Dar said that Pakistan was going to join the list of G20 countries. He said that in the last five years, Pakistan has become the 47th economy in the world. However, we have to leave these things behind and move forward. The finance minister said that the developing Pakistan was not noticed by anyone, Allah Almighty has to protect this country himself, threats of sanctions were given to prevent explosions in comparison with India. If Pakistan was not a nuclear power, there would have been more problems. Nawaz Sharif’s decision will be written in golden letters in history.
He said that if everyone works together, then Pakistan can be fine, if they work together, then Pakistan can take off. 33 thousand LCs were pending when he came to the ministry, stopped the decline in Pakistan, now it has to be completely reversed.
He said that from 2013 to 2018, the economy increased by 126 billion dollars, the next 5 years only increased by 26 billion dollars, efforts are being made to bring the foreign exchange to 12 to 12 billion dollars by June 30. Pakistan will develop, deficit will be controlled.
https://news360.tv/en/business/have...r-after-imposing-plethora-of-taxes-on-nation/

Quiet possibly the worse finance minister in Pakistan’s history

Got to say, I have been hearing that Pakistan is going to default next week for several months now and it hasn't happened. They must be doing something right.

Not really

They are just rolling over loans and hyper restricting imports

 

[ThunderCat]

Pakistan should export all the weapons it has to sell for the Ukraine war. It's a big opportunity.

NATO would also save lots of money hiring cheap labor from the Pakistani gun markets and sustain their war.

Non-essential imports can be temporarily halted or heavily taxed.

 

[ThunderCat]

The longer you can keep your head above water the more likely you are to survive.

Last month everyone had debt clocks and saying that Pakistan has one week, four days , 2 hours for default.

We ain't defaulted yet, the longer we postpone the more likely that we find a way out.

The government must be doing something right and getting lambasted for it.

Turkey seems to be surviving. Well I guess their smaller population is a big advantage. But their inflation has been very bad. Not to mention the Earthquake that worsened it.

 

[ziaulislam]

Got to say, I have been hearing that Pakistan is going to default next week for several months now and it hasn't happened. They must be doing something right.

Pakistan is in technical default already
No one can open an LC.

By your definition even afgahnistan isn't in default they can't open an LC anyway

 

[Mustang125]

Except no aggressive policies are being implemented because Dar keeps going back on his word.

The IMF and the Chinese will get their money back no matter what, they're not worried about losing money because they can simply seize overseas Pakistani assets and auction them off to make the money back.

Again you talk of things you have little to no knowledge about as if you're this intellectual.

You are not.

Stop it.

Yaar kisko samjha raha hai, stop wasting valuable bandwidth and let me do the honours by the following

 

[Tamerlane]

It’s not like the government will make a formal announcement that Pakistan is now in default.

Default means that the country can’t make loan or capital payments when they become due. This is already happening.

Pakistan was supposed to pay back $2 billion to the Chinese central bank on March 23 but couldn’t. They had no choice but to roll it over, meaning that they postponed the payment date.

That is default. Pakistan is already defaulting on loans.

China rolls over $2bn loan to Pakistan: Dar​

 

[Redbeanpaste]

It’s not like the government will make a formal announcement that Pakistan is now in default

Sri Lanka announced default on April 12th 2022. The government made a statement that it will no longer pay any debts.

Pakistan has so far not done that.

 

[fitpOsitive]

The day Ishaq Dar got killed by a mob for inflation will be the day from which no one will dare to play like this with Pakistanis.

 

[Redbeanpaste]

Turkey seems to be surviving. Well I guess their smaller population is a big advantage. But their inflation has been very bad. Not to mention the Earthquake that worsened it.

Erdogan is likely toast though.

 

[ThunderCat]

Erdogan is likely toast though.

I don't see enough evidence for that. Turkey's ruling class has been imposing it's lifestyle on the rest of the population, which seems to be empowering people such as Erdogan.

 

[Riz]

Waiting for the time when this kanjar will announce now Nation should learn to live without roti

 

[That Guy]

Seriously what overseas assets does Pakistani state have ? Your foreign debt is $140 billion

A series of embassies, hotels, corporations...etc. There is also Pakistan's merchant ships, and military ships which could potentially be confiscated if they land on foreign shores. Every Pakistani citizen that has ties to the government of Pakistan could see their assets seized by foreign entities.