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Great news don't give us anything that's the only way this nation will learn to stand on it's own feet and we won't be the beggars of the world then great great news yes they are liars well done IMF
Its not the money. Its their seal of approval. If they don't give us that our economy will collapse.
Not really. This myth has been exposed many times.
And yet the article says exactly that. We need their "letter of comfort" to be able to take loans from OTHER sources. Without their nod of approval no one will give us the money we need to pay off our other debts.
There are many other sources of revenue for Pakistan. There are also other alternative sources of loans, aid for Pakistan besides the IMF. So your argument is totally moot.
WTH? I just mentioned above that all those alternative loan sources look to the IMF for their nod of approval before they agree to give us money. I mean why can't you understand that? Whether it be the World Bank, the ADB, the Islamic Development Bank or even the capital markets (mentioned in another thread) they all look at what the IMF has to say. Why else do you think the IMF weilds so much power?
Does China or any other country look to the IMF to give loans to Pakistan?
Its kinda surprising for a body like IMF which keeps itself off politics,using such strong words
Decrease ur spending by importing refined petrolium & other products from India & Increasing exports to India...this will lead to Decrease in tension with India hence reducing the Defence expenditure also...
Increase the sale tax, service tax & start new taxes like VAT...start spending on business which will give good returns like Improving Railways...try to give a way to export Indian products to central Asia...this will generate a huge amount of money from transit fees...