IMF Bails Out Pakistan...Again

[ThunderCat]

I don’t think he’s even Pakistani to begin with.

Maybe.
Or some confused Pseudo-Hyper-Patriot. I don't know.

 

[Muji.Iqbal]

You could use that advice better, seeing your immature suggestions.



Not all Pakistanis, but rather clowns like him whom embarrass the rest of us with his nonsensical posts.

Not as nonsensical as you are when you called me "stupid" or "stupidity."

Sorry buddy thats for you not me. I don't need that advice as much as you do.

 

[Neelo]

Maybe.
Or some confused Pseuodo-Hyper-Patriot. I don't know.

Judging from his comments history, he seems to be what I call an “Al Bakistani”.

Hyper religious + Ultra nationalist + lives in a secular western country

Some of the comments he’s written is disturbing.

 

[Muji.Iqbal]

I don’t think he’s even Pakistani to begin with.

Yes I am a Pakistani. My family is from Islamabad and Rawalpindi mostly.

Judging from his comments history, he seems to be what I call an “Al Bakistani”.

Hyper religious + Ultra nationalist + lives in a secular western country

Some of the comments he’s written is disturbing.

Probably not as disturbing as you have posted.

 

[Neelo]

Yes I am a Pakistani. My family is from Islamabad and Rawalpindi mostly.

Ikbal:

Since I'm a Canadian, I am trying to learn French.
I plan on attending Seneca College again and I will take French language Skills 4.

To get the French language skills certificate from Seneca College I also need French language skills 5 to be completed.

I attend Alliance Francaise, hence I am waiting for my DELF A1 Diploma. The Diplomas are printed in France.

What Languages can you speak or are you trying to learn

Since I'm a Canadian, I am trying to learn French. I plan on attending Seneca College again and I will take French language Skills 4. To get the French language skills certificate from Seneca College I also need French language skills 5 to be completed. I attend Alliance Francaise, hence I am...

pdf.defence.pk

Probably not as disturbing as you have posted.

Truth is bitter.

 

[ThunderCat]

Judging from his comments history, he seems to be what I call an “Al Bakistani”.

Hyper religious + Ultra nationalist + lives in a secular western country

Some of the comments he’s written is disturbing.

Don't know about hyper religious, since MultaniGuy was against Pan-Islamism. And rightfully so. But he does seem like a HyperNationalist in the sense of delusional type.

He wants a larger population for a bigger economy. Maybe he should look at India and see what a disaster it is with a huge population and huge economy.

India's a classic example of what an economic powerhouse should not be.

I've seen more disturbing comments regarding religion from right-wing Islamist fanatics living in Western countries.

The problem I have with this guy is not that he's not entitled to his opinion. The problem is he posts such nonsensical, anti-logical statements, it's embarrassing for the rest of us.

 

[Muji.Iqbal]

Ikbal:

Since I'm a Canadian, I am trying to learn French.
I plan on attending Seneca College again and I will take French language Skills 4.

To get the French language skills certificate from Seneca College I also need French language skills 5 to be completed.

I attend Alliance Francaise, hence I am waiting for my DELF A1 Diploma. The Diplomas are printed in France.

What Languages can you speak or are you trying to learn

Since I'm a Canadian, I am trying to learn French. I plan on attending Seneca College again and I will take French language Skills 4. To get the French language skills certificate from Seneca College I also need French language skills 5 to be completed. I attend Alliance Francaise, hence I am...

pdf.defence.pk

Truth is bitter.

I am a Pakistani Canadian. I hold dual nationality like many other guys here.

 

[Neelo]

Don't know about Hyper religious, since MultaniGuy was against Pan-Islamism. And rightfully so. But he does seem like a HyperNationalist in the sense of delusional type.

He wants a larger population for a bigger economy. Maybe he should look at India and see what a disaster it is with a huge population and huge economy.

India's a classic example of what an economic powerhouse should not be.

I've seen more disturbing comments regarding religion from right-wing Islamist fanatics living in Western countries.

The problem I have with this guy is not that he's not entitled to his opinion. The problem is he posts such nonsensical, anti-common sense, it's embarrassing for the rest of us.

He honestly reminds me of a younger and dumber me when I was freshly exposed to the internet and confused about my identity. What does it mean to be a Pakistani?

I didn’t know that before and Pakistan Studies only confused me more.

He’s yearning to be part of something (like I was).

It’s quite sad that Pakistan’s elite establishment failed to create a national identity that people (including overseas Pakistanis) could revolve around.

 

[Muji.Iqbal]

Ikbal:

Since I'm a Canadian, I am trying to learn French.
I plan on attending Seneca College again and I will take French language Skills 4.

To get the French language skills certificate from Seneca College I also need French language skills 5 to be completed.

I attend Alliance Francaise, hence I am waiting for my DELF A1 Diploma. The Diplomas are printed in France.

What Languages can you speak or are you trying to learn

Since I'm a Canadian, I am trying to learn French. I plan on attending Seneca College again and I will take French language Skills 4. To get the French language skills certificate from Seneca College I also need French language skills 5 to be completed. I attend Alliance Francaise, hence I am...

pdf.defence.pk

Truth is bitter.

I have both Pakistani and Canadian citizenship. @Neelo

He honestly reminds me of a younger and dumber me when I was freshly exposed to the internet and confused about my identity. What does it mean to be a Pakistani?

I didn’t know that before and Pakistan Studies only confused me more.

He’s yearning to be part of something (like I was).

It’s quite sad that Pakistan’s elite establishment failed to create a national identity that people (including overseas Pakistanis) could revolve around.

Are you an idiot? I just said in two posts, I have both Pakistani and Canadian citizenship.

Don't know about Hyper religious, since MultaniGuy was against Pan-Islamism. And rightfully so. But he does seem like a HyperNationalist in the sense of delusional type.

He wants a larger population for a bigger economy. Maybe he should look at India and see what a disaster it is with a huge population and huge economy.

India's a classic example of what an economic powerhouse should not be.

I've seen more disturbing comments regarding religion from right-wing Islamist fanatics living in Western countries.

The problem I have with this guy is not that he's not entitled to his opinion. The problem is he posts such nonsensical, anti-common sense, it's embarrassing for the rest of us.

Who is @MultaniGuy?

Ikbal:

Since I'm a Canadian, I am trying to learn French.
I plan on attending Seneca College again and I will take French language Skills 4.

To get the French language skills certificate from Seneca College I also need French language skills 5 to be completed.

I attend Alliance Francaise, hence I am waiting for my DELF A1 Diploma. The Diplomas are printed in France.

What Languages can you speak or are you trying to learn

Since I'm a Canadian, I am trying to learn French. I plan on attending Seneca College again and I will take French language Skills 4. To get the French language skills certificate from Seneca College I also need French language skills 5 to be completed. I attend Alliance Francaise, hence I am...

pdf.defence.pk

Truth is bitter.

And that is correct, I am learning French. French is important in Canada. Did you not know that?

 

[ThunderCat]

He honestly reminds me of a younger and dumber me when I was freshly exposed to the internet and confused about my identity. What does it mean to be a Pakistani?

I didn’t know that before and Pakistan Studies only confused me more.

He’s yearning to be part of something (like I was).

It’s quite sad that Pakistan’s elite establishment failed to create a national identity that people (including overseas Pakistanis) could revolve around.

A national identity that was only further lost because of the Islamitization of Zia Ul-Haq.

 

[Muji.Iqbal]

A national identity that was only further lost from the Islamitization of Zia Ul-Haq.

Our identity is Punjabis, Kashmiris, Pathans, Sindhis, and Baloch. And out national ideology is Islam.

 

[epebble]

Does not solve the problem

name of the game is to live to fight another day. Without the bailout, there would most certainly be a default and with that at least a decade of development. Just look at Argentina, Lebanon, and Myanmar to see what stagnation looks like.

 

[Neelo]

name of the game is to live to fight another day. Without the bailout, there would most certainly be a default and with that at least a decade of development. Just look at Argentina, Lebanon, and Myanmar to see what stagnation looks like.

Elite capture is not fighting…it’s maintaining the status quo.

This IMF deal is just a reward for the British Indian Northwestern Army in orchestrating a coup to depose Imran Khan, who wanted to build an independent foreign policy and forge a national identity for Pakistan.

 

[Muji.Iqbal]

This is what BBC is saying:

We must improve our economy.

Crisis-hit Pakistan strikes $3bn IMF bailout deal​

• • Published
    

• • 2 days ago

Image source, Getty Images
Image caption,
The country's inflation hit a fresh record high in May
By Annabelle Liang & Peter Hoskins
Business reporters

Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding.
The deal, which still needs to be approved by the global lender's board, comes after an eight-month delay.
The South Asian nation is facing its worst economic crisis since independence from Britain in 1947.
To help secure the deal, Pakistan's central bank raised its main interest rate to a record high of 22% on Monday.

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Pakistan's economy, which was already struggling after years of financial mismanagement, has been pushed to the brink by a global energy crisis and devastating floods that hit the country last year.
"The economy has faced several external shocks such as the catastrophic floods in 2022 that impacted the lives of millions of Pakistanis and an international commodity price spike in the wake of Russia's war in Ukraine," Nathan Porter, IMF's mission chief for Pakistan said.

"As a result of these shocks as well as some policy missteps... economic growth has stalled," he added.
Once agreed at staff level such deals are usually granted by the IMF's Executive Board. The board is expected to consider the agreement in the coming weeks.
"This deal gives Pakistan the economic breathing room that it so badly needs," Michael Kugelman from the US-based Wilson Center think tank told the BBC.
"The question is if it can use this IMF deal as an opportunity to pivot from immediate relief to a long-term recovery," he added.

• Massive power cut hits most of Pakistan
• Fuel crisis forces Pakistan malls to close early

Katrina Ell, a senior economist at Moody's Analytics, said: "High inflation coupled with limited foreign reserves and lacking macroeconomic stability take time and sustained fiscal discipline to overcome."
Pakistan's annual inflation rate hit a fresh record high in May of almost 38%.

The $3bn of funding, which will be spread over nine months, is higher than expected.
Pakistan was awaiting the release of the remaining $2.5bn from a $6.5bn bailout package agreed in 2019, which expired on Friday.
The nation of more than 230 million people has been struggling for years to stabilise its economy.
This year the country's foreign exchange reserves fell to a level that covered less than three weeks of imports.
Deadly clashes between supporters of Pakistan's former prime minister Imran Khan and police have also rattled financial markets.
In May, Mr Khan was arrested on corruption charges, in a move that has since been ruled as illegal by the country's Supreme Court.

Over the last year the Pakistan rupee has fallen by around 40% against the US dollar.
Separately, donors from around the world have pledged more than $9bn to help Pakistan recover from devastating floods that hit the country in 2022.
It had been estimated that it needed more than $16bn to recover from the disaster.
Additional reporting by Carrie Davies

Crisis-hit Pakistan strikes $3bn IMF bailout deal

The South Asian nation is facing its worst economic crisis since independence from Britain in 1947.

www.bbc.com

 

[SecularNationalist]

Another loan , another set of requirements to pay it at the expense of national dignity. The ruling elite took the loan but an ordinary citizen will pay it back from his blood and sweat.
The vicious cycle continues.