IMF puts tough conditions for package

[SuvarnaTeja]

This is just face saving step by IMF as Pakistan no longer needs IMF after the support received from Saudi Arabia, UAE & China.

 

[Abdussamad]

They want the govt. to float the rupee:

https://tribune.com.pk/story/1848795/2-pakistan-let-market-forces-decide-rupees-fate-imf/

It's one thing to have poor economic conditions, it's another to have poor economists. Fundamental issues with that country which will take decades to fix, if at all possible.

There are good Pakistani origin economists. Foreign trained ones that have worked for IFIs like the IMF. But the govt. doesn't give them power in Pakistan to decide policy or negotiate on our behalf. For instance they hired Nadeem Ul Haque to head the planning commission but after 2 years he got tired of being stonewalled and left. The recent decision to first hire Atif Mian and then fire him because of his religion also didn't go down well with other economists.

 

[bafxet]

Why should Pakistan endure this Insult? Who are these goras to dictate tax policies? $crew them. China/Saudi/UAE/Malaysia/Turkey are enough.

Calm down, they didnt come at their own. GOP invited them. Hats off to the elite class has this country for creating mess.

Why blame Dar? The problem has its roots since last 30 years. Things was fine till dollars kept flowing in from US to fight communist Russia in 80's. When US aid stopped we ate up 10 billion of foreign currency. Then Saudi Arabia came for our rescue with a USD 2 billion oil on defered payment which was later converted into grant. Dollars started to flow again when 9/11 happened. IMF/US is what this country's economy is surviving up.

Our ecnomic manager are shot sighted they never genuinely addressed the problems.

 

[Verve]

Fake news ... media propaganda as usual and Hindu going apeshit.

 

[Nityam]

Because china sent him empty handed back.

That is not true. They sent him back with threats and advice.

 

[bafxet]

IMF is twisting Pakistan's army and rightfully so becuase we have gotton use to loans and aid. We have deficit of wisdom and patriotism.

 

[Arulmozhi Varman]

The thing is if Pakistan had rigorously implemented previous IMF reforms it wouldnt have been in this situation in the first place.. Implementing IMF reforms became political in Pakistani politics leading to its predicament...

 

[Abdussamad]

The thing is if Pakistan had rigorously implemented previous IMF reforms it wouldnt have been in this situation in the first place.. Implementing IMF reforms became political in Pakistani politics leading to its predicament...

The IMF itself issued waivers on these conditions for political reasons. The US wanted to keep us afloat so that we could help it with it's war in Afghanistan.

 

[nahtanbob]

They just take your foreign policy. No ?

you are already for sale to the highest bidder

 

[Sully3]

Because china sent him empty handed back.

wait 2 more weeks and come eat your humble pie

 

[RealNapster]

you are already for sale to the highest bidder

Make a bid. Good chance for india. No ? Or would you prefer building toilets inhouse ?

 

[jupiter2007]

With 70% of the economic activities undocumented/unregulated/untaxed according to the public accountants, Pak has a natural cushion for all the tough measures!!! Not to mention, no regulation or taxation means no hindrance to growth...

Corrupt Mafia doesn't want any reforms. They are like cockroaches, they are in every institute and every department.
We need New tough laws which can fix all systems.

 

[Rollno21]

They just take your foreign policy. No ?

Which is better one taking over the economic policy or the one taking over the country

 

[jupiter2007]

"Official sources confided to The News on late Friday night that Pakistan’s negotiating team was quite weak except three officials belonging to each from the Ministry of Finance, State Bank of Pakistan and the Federal Board of Revenue. “We have never witnessed such a weak team negotiating with the IMF,” said one independent economist while talking to The News here on Friday."



It's one thing to have poor economic conditions, it's another to have poor economists. Fundamental issues with that country which will take decades to fix, if at all possible.

It's true that conditions are pretty bad, no system is running they way it should. PPP and PMLN governments have done so much damage that it will take years and maybe decades to patch the systems.
IK is talking about overseas Pakistan investment, but i don't see that coming. People are not going to investment money when they don't see their investment is protected....in the past so many people got screwed by different housing schemes that people have lost trust. Our banking system is f*up, online banking infrastructure need major upgrades and current system can be hacked by script kiddies.
Media is the major problem, they sell their soul to highest bidder everyday. We need a major cleanup operation but how can you cleanup the system when those who are making laws are themselves corrupt.

 

[RealNapster]

Which is better one taking over the economic policy or the one taking over the country

None.