IMF Executive Board approved today a three-year US$6 billion loan

[jupiter2007]

Where are all those members who used to make fun of me when I told them that IMF loan will be signed in July 2019?

If IK play his cards properly, we should see major improvement in Pak-USA relationship. There is too much buzzz going on in the Pakistani Embassy in DC. Many trips to state department for meeting and prep work before IK arrive in USA.

 

[Syed1.]

Where are all those members who used to make fun of me when I told them that IMF loan will be signed in July 2019?

If IK play his card properly, we should see major improvement in Pak-USA relationship. There is too much buzzz going on in the Pakistani Embbacy in DC. Many trips to state department for meeting and prep work before IK arrive in USA.

I hope IK meets CEOs of big firms on his trip to the US. More than Pak-US relations we need large US companies to start investing in Pak and opening their offices there.

 

[Sine Nomine]

Poocha b kisnay

Kiyo jee mujey sawal poachney ke mamanat hai

Turning into gold just would mean it gets converted to forex immediately and PKR would again be propped up artificially by that somewhat. Essentially pak economy would signal its doing well and can just "save" like that. I mean there would be no reason to even go to IMF for that in first place, since Pakistan could just issue bonds itself to world market (esp its non-resident pak expats) and convert the forex it gets that way into gold if it wanted to (or leave as is - not much difference)....if the demand for PKR and supply of forex was genuinely there in world market itself.

If it is pumped into market,it would be again smuggled out of country and we would be back to square one.

 

[!eon]

There are things which are not very much relevant to economic conditions. What tabdeeli govt is doing in these areas:
VIP protocols, (Please don't mention occasional foto sessions),
Bad police and thana culture (as police culture is most important, then bribes in all govt institutions, including very dear FBR),
Conditions of govt hospitals,
Extremely bad justice system (oh sorry that's part of supreme court, not part of tabdeeli).
All these are just due to mismanagement and can be managed without extra funds.
You can't toss five years just abusing past govts.

 

[HammerHead081]

$6 billion and here we made orange train in $4 billion. Idiot pmln just want to make lahore paris by scarificing whole Pakistan. We have so many restriction from IMF just to avail $6 billion.

Bro now we have signed with IMF, we will able to get much more loans and Pakistan will go for more loans from ADB and other organizations.

 

[KhanBaba2]

Have the conditions of the loan been made public.

 

[AZ1]

Bro now we have signed with IMF, we will able to get much more loans and Pakistan will go for more loans from ADB and other organizations.

Taking loan is not issue. Is the priority where it will used. Its useless to use $ to develop train and generate local income. Focus should beif we take loan $6 billion atleast we should make $1 billion every year onwards. I dont get it khanay ko paisa mahi aur chalay train bananay

 

[Dubious]

Kiyo jee mujey sawal poachney ke mamanat hai

I meant kissay!

I put question marks for reason, but my bad. Traditionally punjab is run by PML right?, and they would have large sway still I would think.

Thinking is different than ground reality...Just takes a quick google to get the facts

 

[Dubious]

If that is how political parties were to be judged.. you won't have many left to participate in elections... And a 5% deficit is a big number - I think Pakistan is at 6,2%

Well, the fewer the better! I would hope only sincere people would come...Ok maybe a 1% difference in deficit would ensure no one steals to cause much destruction!

 

[Sine Nomine]

I meant kissay!

He is economist apart from trolling.

 

[!eon]

We hope this will be the last one

Hopefully the last IMF program ever...

https://www.bbc.com/urdu/pakistan-48853178

پاکستان کو تین برس میں 38 ارب ڈالر قرض ملنے کی امید​

پاکستان کو اگلے تین برسوں میں ملنے والے 38 ارب ڈالر کے قرض کے بارے میں بتاتے ہوئے مشیر خزانہ کا کہنا تھا کہ لگ بھگ 8.7 ارب ڈالر ’پراجیکٹ لون‘ ہو گا، 4.2 ارب ڈالر ’بجٹ سپورٹ لون‘، 14 ارب ڈالر جاری قرضہ جات جبکہ تقریباً آٹھ ارب ڈالر ’کمرشل لون‘ کی مد میں ملیں گے۔​

 

[mastaan]

Well, the fewer the better! I would hope only sincere people would come...Ok maybe a 1% difference in deficit would ensure no one steals to cause much destruction!

pocket economist climbs down .. just kidding I do the same all the time on my own economic analysis

A balanced budget would be a ridiculous good outcome in current global economy, though given pakistan's currency valuation - creating a surplus would not be impossible - would need movement of mountains in mindset though...

I wouldn't judge them by deficit in this situation, judge them by growth in revenue (income) and utilisation of expenses (outgo) in areas that definitely increase future income... Will take balls of steel.. But look, china did that.. in 30 years... so, other can follow it (for full disclosure - am not a big fan of china expansion model externally, but a big fan of their internal growth model for their own industry, up until Xi took over - his economic principles are another story for another thread)

 

[HRK]

If it is pumped into market,it would be again smuggled out of country and we would be back to square one.

IMF funds are used to eased out BOP, secondly IMF does not gives funds in cash ....

 

[Abdussamad]

IMF has given us it's blessings. Now the floodgates will open and more people will give us dollars! In fact we plan to borrow in dollars, halal dollars and communist dollars as well!

Hafeez added that Pakistan is preparing for the sale of Eurobonds, Sukuk and Chinese Renminbi bonds during the fiscal year.

Source

Soon Pakistan will be a land of milk and honey!

Well, the fewer the better! I would hope only sincere people would come...Ok maybe a 1% difference in deficit would ensure no one steals to cause much destruction!

That's in percent of GDP not one percent of the deficit. Also FY19 fiscal deficit is projected at 7% of GDP!

 

[Sine Nomine]

IMF funds are used to eased out BOP, secondly IMF does not gives funds in cash ....

Then how they pay?