IMF to Pakistan 'Do More"

[Prince Kassad]

Talks between Pakistan, IMF for release of USD 1 billion loan tranche remains inconclusive

ISLAMABAD: The fresh rounds of talks between Pakistan and the International Monetary Fund for the release of USD 1 billion loan tranche and a good economic cert

kashmirreader.com

6 billion loan, first tranche of a billion rejected

 

[SirHatesALot]

They have to get on with politically sensitive reforms otherwise circle jerk continues

 

[Great Janjua]

I'll tell you what. Shall we do you IN how about that?

 

[Vapnope]

Talks between Pakistan, IMF for release of USD 1 billion loan tranche remains inconclusive

ISLAMABAD: The fresh rounds of talks between Pakistan and the International Monetary Fund for the release of USD 1 billion loan tranche and a good economic cert

kashmirreader.com

6 billion loan, first tranche of a billion rejected

Very irresponsible statement. IMF advisory only advises on how to generate tax so that installments can be paid timely, it is always up to government to accept, reject or modify to collect the required tax. Unfortunately, the much talked about structural reforms are not happening even as of today for which Pakistan will continue to pay heavy price. Sad state of affairs.

 

[Wood]

Very irresponsible statement. IMF advisory only advises on how to generate tax so that installments can be paid timely, it is always up to government to accept, reject or modify to collect the required tax. Unfortunately, the much talked about structural reforms are not happening even as of today for which Pakistan will continue to pay heavy price. Sad state of affairs.

What are the said structural reforms?

 

[Crimson Blue]

6 billion loan, first tranche of a billion rejected

$2 billion are already paid over past 2 years and only $4 billion is left. And Pakistan did not need to draw any funds from IMF during the year 2020.

Only $4 billion are left and IMF program is gonna finish in October 2022 any ways. Government may want to drag the discussion till 2022 and get done with it.

To put it in perspective, IMF's program for Argentina in 2001 was worth $21.57 Billion. And IMF + European Union's combined bailout package for Greece was worth €110 Billion ( ~ $150 billion) in 2010 .

I'd say its not a make or break event for Pakistan if IMF does not revive its program. More important thing is to keep Pakistan's annual imports below $60 billion mark. Everything else is actually working out decently.

 

[fisher1]

Does anyone a remember a munafiq who before elections used to say he will commit suicide before he take loans?

Has he committed suicide now?

 

[Crimson Blue]

Does anyone a remember a munafiq who before elections used to say he will commit suicide before he take loans?

Has he committed suicide now?

I remember many things like 'Roti, Kappra aur Makan', 'Will make Lahore into Paris', 'We will drag Zarari into streets and extract money from their belly', 'will fight for 1000 years' , 'I would enter Lahore on a Tank from India'.

I think you have only sort term memory.

 

[fisher1]

I remember many things like 'Roti, Kappra aur Makan', 'Will make Lahore into Paris', 'We will drag Zarari into streets and extract money from their belly', 'will fight for 1000 years' , 'I would enter Lahore on a Tank from India'.

I think you have only sort term memory.

Life must be great in US

 

[Nasr]

Pakistan should NOT go for any IMF/WB loans, period. Pakistan's Government should make it a priority to get pay off and shut down all IMF/WB or Western based loans, permanently. The aim of Pakistan should be to cut-off this "debt equals money" black-hole. The aim should be to make Pakistan debt free, interest free and independent by 2035.

Economic policies of Pakistan should be to move toward creating Gold & Silver Reserves and find new markets for trade such as the SCO member states, as well as Iran, Malaysia, Algeria, Indonesia, Egypt, Russia, Argentina, Ethiopia, Venezuela, Belarus and so on.

With a continual build up of Gold and Silver Reserves, Pakistan's economy would be near immune to any state sanctions. Independence and diversity in trade with non-traditional markets as well as traditional ones, will create the type Pakistan, which would be the envy of others.

Follow the Sunnah of Nabi Muhammad Alaihi Salaat-u-Wassalam and create an interest/debt free economy, which focuses on establishing a non-fiat currency based economic system, concentrating on gold backed currencies.

Admitted that the economy would not be "booming" as the capitalist $wines like to refer to as progress. But what a interest/debt free - Gold/Silver reserve induced economy in the truest sense of the word would do for Pakistan, is give it the FREEDOM and the POWER with which to protect that FREEDOM.

Time for Pakistan to be unhinged from the capitalist debt trap.

 

[Orca]

'I would enter Lahore on a Tank from India

may i have cutting of this or online reference, i remember some qasoori said it in 70s,

 

[gulli]

Very irresponsible statement. IMF advisory only advises on how to generate tax so that installments can be paid timely, it is always up to government to accept, reject or modify to collect the required tax. Unfortunately, the much talked about structural reforms are not happening even as of today for which Pakistan will continue to pay heavy price. Sad state of affairs.

Few years ago there were discovery of gold mines in Pakistan. Have there been any progress for its commercial use?? With so much of mineral wealth I see no reason for loans..

 

[El Sidd]

may i have cutting of this or online reference, i remember some qasoori said it in 70s,

Khar, he was made governor of Punjab within 18 months i believe.

People from smaller provinces don't enjoy such luxury.

Khar, he was made governor of Punjab within 18 months i believe

said to be with PTI these days

Khar, he was made governor of Punjab within 18 months i believe

said to be with PTI these days

Khar, he was made governor of Punjab within 18 months i believe

said to be with PTI these days

 

[Vapnope]

What are the said structural reforms?

- Bringing underground economy into formal economy.
- Bring big fish into tax net
- Impose agri tax
- Control commercial theft of water, electricity, gas
- Create conducive environment for foreign investorse

just to name a few.

Few years ago there were discovery of gold mines in Pakistan. Have there been any progress for its commercial use?? With so much of mineral wealth I see no reason for loans..

Gold is still there but we don't have expertise to extract and process it. Nevertheless we cannot rely on gold and will have to either create a service oriented economy or manufacturing based economy.

 

[Goenitz]

Life must be great in US

in London, US, New Zealand, Australia, and Cameron island..