FATF meeting begins today to decide Pakistan’s fate

[A.A. Khan]

Our economy is now being
governed by IMF white list grey list or black list is now irrelevant. Stagflation will remain, people will remain poor while the corrupt mafia bureaucrats will get more free money to settle their cash and children abroad for selling their country.

 

[Norwegian]

Our economy is now being
governed by IMF

When it was not governed by IMF, Pakistan was left on the verge of bankruptcy so had to go to IMF again and again.

 

[alee92nawaz]

Can anyone briefly summarize the effects this being in the grey list is having on Pak?

 

[Haris Ali2140]

Can anyone briefly summarize the effects this being in the grey list is having on Pak?

From what I know is that being in greylist adds to additional paperwork. For example if you are sending money or making an investment you have to prove where money came from and where it is going. That's what my understanding is.

 

[-blitzkrieg-]

FATF has become tool of pressure!

pressure is how carbon turns into a diamond..
staying in grey list is a good thing..till we we fix our end ..a blessing in disguise..Eventually outsiders who want to invest will understand politics behind the move and still invest regardless. Pakistan is one of the top ten consumers of the world..Many people will lose jobs in the west with a stupid action such as 'black-listing'.However we need to stay vigilant and build our economy.Our increased mineral resource exploration activities are what troubles the people who want us blacklisted.

 

[A.A. Khan]

When it was not governed by IMF, Pakistan was left on the verge of bankruptcy so had to go to IMF again and again.

IMF during cold war and IMF post 1992 is a different organization altogether.

PAkistan was recipient to different kinds of US aid. Post breakup of USSR, IMF became a US tool to reverse and damage Pakistan's economy. As well as work on its social and political agendas. Rising food inflation was done in 1994 to push women out to work where it bercomes difficult for one breadwinner to manage and take care of a household of more than 3-4 people. Pakistan's GDP was higher than India in 1989. IMF and their allies People Party as well as hitmen like Hafeez Shaikh have done a stupendous job in bringing phases of stagflation and supporting bureaucratic mafias to discourage foreign and local investors.

 

[Chakar The Great]

Pakistan will come out of FATF Grey list

Thats what i am hoping for.

 

[BATMAN]

Imran Khan is getting unpopular fast, he needs help.

 

[Syed1.]

Imran Khan is getting unpopular fast, he needs help.

Wait till 2023 patwari

 

[Norwegian]

IMF during cold war and IMF post 1992 is a different organization altogether.

PAkistan was recipient to different kinds of US aid. Post breakup of USSR, IMF became a US tool to reverse and damage Pakistan's economy. As well as work on its social and political agendas. Rising food inflation was done in 1994 to push women out to work where it bercomes difficult for one breadwinner to manage and take care of a household of more than 3-4 people. Pakistan's GDP was higher than India in 1989. IMF and their allies People Party as well as hitmen like Hafeez Shaikh have done a stupendous job in bringing phases of stagflation and supporting bureaucratic mafias to discourage foreign and local investors.

You seem to be on some conspiracy theory drug or something. India was bankrupt in 1990 and went to IMF to save itself. The resulting reforms made India the economic power it is today. Where is Pakistan now? Why can't Pakistan fix its economy after financial crises as India did instead of going to IMF again and again?

The program of economic policy reform which was put in place in 1991 has yielded amazing results, dramatically improving the quality of life in India.

The Indian GDP rose from $266 billion in 1991 (inflation adjusted) to $3 trillion in 2019 (1100% increase) while its purchasing power parity rose from $1 trillion in 1991 to $12 trillion in 2019 (1100% increase).
https://en.wikipedia.org/wiki/1991_Indian_economic_crisis

Imran Khan is getting unpopular fast, he needs help.

Don't need your fav Nawaz Sharif as his replacement.

Wait till 2023 patwari

Patwaris will keep crying until 2023 and beyond that.

 

[ziaulislam]

You seem to be on some conspiracy theory drug or something. India was bankrupt in 1990 and went to IMF to save itself. The resulting reforms made India the economic power it is today. Where is Pakistan now? Why can't Pakistan fix its economy after financial crises as India did instead of going to IMF again and again?

The program of economic policy reform which was put in place in 1991 has yielded amazing results, dramatically improving the quality of life in India.

The Indian GDP rose from $266 billion in 1991 (inflation adjusted) to $3 trillion in 2019 (1100% increase) while its purchasing power parity rose from $1 trillion in 1991 to $12 trillion in 2019 (1100% increase).
https://en.wikipedia.org/wiki/1991_Indian_economic_crisis


Don't need your fav Nawaz Sharif as his replacement.


Patwaris will keep crying until 2023 and beyond that.

Answer is simple
People of pakistan want infaltion to be lower than europe and rupee to be stronger than dollar and metros (fiscal over spending)

Doing the above does what eruope has
U start importing everything from shoes to needles and your saving investment and productivity goes nada...
U dont have the knowledge base europ economy like CT MRI machines to counter this

 

[hussain0216]

We actually needed Fatf
Outside of worthless point scoring

Fatf as a process has forced nothing upon us that we didn't desperately need

Fatf covers financial transactions, our biggest block to reform wasn't the terrorists but our corrupt politicians who understood what problems they would have looting if financial reform took place and their was scrutiny or oversight of financial transactions

So any attempt at needed reform was blocked by our own corruption

Fatf has forced us and given us the necessary impetus and excuse to implement the reforms WE NEEDED



The time is coming where we will be removed from Fatf but I think we have benefited

Same goes for much of the IMF demands

 

[Norwegian]

We actually needed Fatf
Outside of worthless point scoring

Fatf as a process has forced nothing upon us that we didn't desperately need

Fatf covers financial transactions, our biggest block to reform wasn't the terrorists but our corrupt politicians who understood what problems they would have looting if financial reform took place and their was scrutiny or oversight of financial transactions

So any attempt at needed reform was blocked by our own corruption

Fatf has forced us and given us the necessary impetus and excuse to implement the reforms WE NEEDED



The time is coming where we will be removed from Fatf but I think we have benefited

Same goes for much of the IMF demands

True. While Patwaris blame this govt for following IMF, FATF dictates, they fail to understand it is for their own good.

 

[hussain0216]

True. While Patwaris blame this govt for following IMF, FATF dictates, they fail to understand it is for their own good.

I understand political affiliation

What I cannot comprehend is a utterly corrupt mindset of these PPP or Pmnl supporters, they would rather Pakistan be ruined then let someone attempt reform

They would rather rule over a broke, weak and useless Pakistan
Then a strong independent Pakistan ruled by a loyal citizen

 

[Norwegian]

I understand political affiliation

What I cannot comprehend is a utterly corrupt mindset of these PPP or Pmnl supporters, they would rather Pakistan be ruined then let someone attempt reform

They would rather rule over a broke, weak and useless Pakistan
Then a strong independent Pakistan ruled by a loyal citizen

Patwaris, Jiyalas are morally and financially corrupt.