Govt ready to take more ‘tough steps proposed by IMF’

[xyxmt]

at least all the governor houses are open to public

 

[Tom M]

All these steps can be done in mere 30 days if done on emergency basis
Just like how Supreme court made the Bhasha Dam fund


Collect money from Toll Booth ---> Transfer to bank account for it
Collect money from Shop permit -->Transfer to bank account for it
Collect money from Cell phone recharge --->Transfer money immediately to bank account for it
Collect money for Qurbani Tax --------------->Transfer money immediately to bank account for it


IMF is not needed
View attachment 503596

Easier said than done. What an unrealistic stupid dream.

Avoid an IMF bailout. That is something stupid. Try looking for alternative solutions.

I bet, no one is the world including World Bank or ADB can provide better and softer interest rates than IMF, the fact that every other country run to IMF when they need truck load of money.

i think it is better to cut taxes on investments and create a free environment.This will pour billions in foreign investment and increase employment and exports .Taxes are only solution when you have high portfolio of industry existing already.When you already lack industry and exports increasing taxes will be disaster for economy.Only collect Zakat from all liable to pay it.It will boost economy.Promote profit sharing instead of taxes between govt and private sector through partnerships and shareholdings

You know what, Pakistan's main problem is the widening trade deficit along with the non ending circular debits. Unless these two fundamental issues are not addressed and reversed, no investment or funds can change the situation in long term.

 

[maximuswarrior]

austerity won't fix your dependence on imports

We are cutting on imports too. A lot of what is being imported we can either produce at home or already have. A win win for the domestic industry.

Avoid an IMF bailout. That is something stupid. Try looking for alternative solutions.

IMF is not an option. Sit down with China and KSA and seek a bailout package. Whatever China and KSA demand cannot be worse than IMF. There is always room to negotiate.

Start squeezing the rich to pay their due. Start taking measures which should have been taken long ago. From reducing imports to improving the tax net. Involve Russia and China in the energy sector to reduce energy imports. From building smaller dams to utilizing coal reserves. From wind mills to nuclear plants. Every bit will help.

 

[shah_123]

Imran Khan promised that he will always speak the truth, I think he should come forward and tell us for how much he is selling the nation to IMF.

 

[shah_123]

I hope this ain't true, but it's becoming clear day by day that tabdeeli party has decided (like purana Pakistan parties) to become IMF's bitch.

https://twitter.com/x/status/1048806291802607616

 

[Inception-06]

We are cutting on imports too. A lot of what is being imported we can either produce at home or already have. A win win for the domestic industry.



IMF is not an option. Sit down with China and KSA and seek a bailout package. Whatever China and KSA demand cannot be worse than IMF. There is always room to negotiate.

Start squeezing the rich to pay their due. Start taking measures which should have been taken long ago. From reducing imports to improving the tax net. Involve Russia and China in the energy sector to reduce energy imports. From building smaller dams to utilizing coal reserves. From wind mills to nuclear plants. Every bit will help.

KSA already said no !

 

[Skull and Bones]

Loan from IMF will be transparent, unlike from sources like China, which will have many hidden clause.

 

[American Pakistani]

If Pakistan wants to avoid IMF the only solution is to cut imports and increase exports.

Can someone tell me what this 220 million people are for? Just to make tons of babies? It is embarrassing that a country with 220 million people have to import everything. Does laziness have any limits?

 

[Aryan0395]

Honestly, Pak needs to sit down with IMF find out a way to make the most of their economy. Saudi and china arent an option, they would always look at their interests first, whatever makes them money. This is the reason why China said no to Saudi joining CPEC because they know if they enter their leverage on Pak will dilute. There is a reason why many countries including Pak are rethinking about projects under BRI.

No doubt that CPEC has brought a lot of infra but it also has brought a lot of debt. Unfortunately Pak members here refuse to recognize that and still want the govt to sit down and ask for a bailout package from China.
Doesnt that sound like a land swap deal China made in Sri Lanka?

Get a deal with IMF. That's the best option or 2nd best is to take a loan from ur allies like saudi if they provide at low interest (loan because china wouldn't let SA to invest in CPEC).

 

[shah_123]

If Pakistan wants to avoid IMF the only solution is to cut imports and increase exports.

Can someone tell me what this 220 million people are for? Just to make tons of babies? It is embarrassing that a country with 220 million people have to import everything. Does laziness have any limits?

Mr America take it easy ...
no electricity, no gas, over taxation, corrupt fbr etc., --- Pakistanis are left with two options, either take the investment out (like so many units moved to Bangladesh) or produce tons of babies.

When the tools of production aren't in place, how do you expect production or you come and setup a unit and set an example for lazy Pakistanis how the job is done.

https://www.project-syndicate.org/c...uided-imf-programs-by-nadeem-ul-haque-2018-07
Pakistan’s IMF Problem
Jul 31, 2018 NADEEM UL HAQUE
In exchange for bailouts over the past three decades, Pakistani governments have repeatedly agreed to draconian spending cuts and arbitrary taxes in pursuit of fiscal targets. As a result, the country's economy is as weak as ever, and its state capacity has been hollowed out.

ISLAMABAD – After Pakistan’s recent election, Imran Khan and his Pakistan Tehreek-e-Insaf (PTI) party are now forming a new government. As usual, it will be greeted by an economic crisis. A trip, cap in hand, to the International Monetary Fund seems inevitable.

Pakistan, after all, is an IMF addict. The country has already spent 22 of the past 30 years in a dozen different IMFbailout programs.

 

[Fireurimagination]

@BHarwana you can help U turn Khan and his govt with the knowledge of yours on economics.
Seriously I have not taken so many U turns in the last 2 months driving vehicle compared to what this govt has taken in the last 2 months

Imran is champion to take U-turn................ Yun hi nahi Imran Khan Sir ko U-turn expert kaha jata hai... There are some proved reasons.

In case of IK it's not called U-turn it's called reverse swing

On topic if Pakistan goes to IMF that means details of CPEC will also come out, interesting times ahead.

 

[Tom M]

We are cutting on imports too. A lot of what is being imported we can either produce at home or already have. A win win for the domestic industry.



IMF is not an option. Sit down with China and KSA and seek a bailout package. Whatever China and KSA demand cannot be worse than IMF. There is always room to negotiate.

Start squeezing the rich to pay their due. Start taking measures which should have been taken long ago. From reducing imports to improving the tax net. Involve Russia and China in the energy sector to reduce energy imports. From building smaller dams to utilizing coal reserves. From wind mills to nuclear plants. Every bit will help.

Whatever you just mentioned above is lot more optimistic than realistic.

Believe me nobody in this world will give your the best soft loan interest rates than what the IMF can provide. Others simply can't. At the end of the day everything is business and nobody will risk their business/profit to bailout others.

 

[War Thunder]

Whatever happened to Gairat brigade and Youthias.. Their kaptaan is ready to crawl in front of IMF and in turn Amreeka...what a saviour has Pakistan selected...

What Pakistan has selected is a hundred times better than the assholes the ignorant and mentally deprived folk have been selecting before him.
But yeah I do feel pity for the mentally deprived, though I have nothing but disgust for the lower levels of mentally deprived who actually still find deluded and absolutely ridiculous reasoning to still support the assholes...

Avoid an IMF bailout. That is something stupid. Try looking for alternative solutions.

Let's list down those alternatives and send them a list instead of just giving out expert opinion on things which they have obviously already considered?

 

[Tom M]

In case of IK it's not called U-turn it's called reverse swing

On topic if Pakistan goes to IMF that means details of CPEC will also come out, interesting times ahead.

There are few things that are factually incorrect. The IMF will indeed as to disclose all the details associated with CPEC (mainly due to U.S.A) that's because they just want to make sure that the fund being provided is not funneled to repay Chinese debts, instead used for the development of Pakistan. I guess U.S.A being the main stake holder in IMF is the reason and they had made it cristal clear.

https://asia.nikkei.com/Politics/In...inst-IMF-bailout-for-Pakistan-that-aids-China

But apart from that can see some criminal intentions within Pakistan, who don't want the deal to be transparent enough and in the public domain. Siting security reasons they are simply dodging it from being made public just like India's NDA government is doing with Rafael deal. I smell a rat in both these deals.

 

[shah_123]

Let's list down those alternatives and send them a list instead of just giving out expert opinion on things which they have obviously already considered?

Alternatives have been listed down by Phd experts in economics- seems, just like Asad Umar, you also missed the articles.

Just for example, the circular debt crisis:

https://www.thenews.com.pk/print/354334-defaulters-in-power-sector-cause-47pc-surge-in-circular-debt
The running defaulters are said to be very influential and most of them have political tentacles and in Discos no one can dare to disconnect their electricity connection knowing the fact they are not paying bills. These defaulters owe huge amount of Rs405 billion to the government. However, permanently disconnected defaulters owe Rs95.3 billion to Discos.
.............................

It's all about priorities and direction the govt takes, for now -- Asad Umer is more interested in auctioning cows and buffalos instead of going after the defaulters or at least cutting electricity of defaulters.