IMF to Pakistan 'Do More"

[Norwegian]

That popular theory that, when the incompetent PTI Government comes to power, Switzerland will empty it's banks and fill up Pakistani banks with $200 billion, doesn't seem to be working.

Theory came from your own finance minister not PTI

$200bn of Pakistan in Swiss banks: Dar

Meeting with Swiss authorities likely in August

www.dawn.com

 

[Nasr]

Do you even know how much of the $123 billion of the external debt that Pakistan owes, actually belongs to the IMF, World Bank and the Western countries?

Let's say, Pakistan needs to pay back $10 billion this year. Where will this $10 billion come from? For starters, Pakistan doesn't have $10 billion lying around and neither is anyone willing to lend $10 billion interest free to Pakistan.

That popular theory that, when the incompetent PTI Government comes to power, Switzerland will empty it's banks and fill up Pakistani banks with $200 billion, doesn't seem to be working.

Pakistan is within the grip of the West, with IMF/WB/FATF impeding it from gaining economic growth. Pakistan is being punished for joining China's CPEC. PTI Government isn't incompetent, rather it's a concerted effort to sabotage Pakistan's economy.

 

[Norwegian]

Pakistan is within the grip of the West, with IMF/WB/FATF impeding it from gaining economic growth. Pakistan is being punished for joining China's CPEC. PTI Government isn't incompetent, rather it's a concerted effort to sabotage Pakistan's economy.

Are you being serious? Pakistan is on continuous foreign aid since 1958. Where was Imran Khan and PTI in 1958?

Pakistan is within the grip of the West, with IMF/WB/FATF impeding it from gaining economic growth.

No. It's Pakistan's own lack of exports and productivity growth that is forcing it back to IMF again and again unlike other regional countries like India or Bangladesh

 

[Pakistan Space Agency]

... Pakistan is being punished for joining China's CPEC. PTI Government isn't incompetent, rather it's a concerted effort to sabotage Pakistan's economy.

Pakistan has had 23 arrangements with the IMF since 1950.

Also, Pakistan only owes $5 billion to the IMF (same amount as for India) out of the total external debt of $123 billion.

Pakistan and the IMF

This web page provides information on official IMF reports and Executive Board documents in English that deal with Pakistan.

www.imf.org

 

[VCheng]

Do you know what the terms usually entail? Why they aren’t achieved? Specifically what are we talking about missing a reduction in subsidies target by 0.25bn? Missing a CAD target by x % of GDP?

The IMF programs, all the conditionalities, periodic assessment reports, Pakistan's responses and agreements on mutually decided goals, and the final results are all published on the internet and are available for reading if anyone is so inclined.

 

[Jungibaaz]

The IMF programs, all the conditionalities, periodic assessment reports, Pakistan's responses and agreements on mutually decided goals, and the final results are all published on the internet and are available for reading if anyone is so inclined.

Sure, but you made a judgement based upon Pakistan's repeated failure to fulfil bailout conditions. I don't claim to know these conditions, much less make any broad judgements on that basis. Would be obliged if you provided an elaborate explanation.

 

[VCheng]

Sure, but you made a judgement based upon Pakistan's repeated failure to fulfil bailout conditions. I don't claim to know these conditions, much less make any broad judgements on that basis. Would be obliged if you provided an elaborate explanation.

I did not make any judgements based on Pakistan's persistent failure to complete a single IMF bailout successfully. I merely mentioned the fact.

My exact words are: "The fact that Pakistan has had to go back to IMF so many times, and even then failed to complete a single bailout according to the agreed upon terms speaks of a deeper and fundamental problem that we chose not to fix, intentionally."

What elaboration would you require? As you mention above, what is to be done to balance Pakistan's books long term is a massive subject area.

Any conditions that you claim not to know are published on the internet by IMF, if anyone cares to find out more. For example:

Pakistan: Second, Third, Fourth, and Fifth Reviews Under the Extended Arrangement Under the Extended Fund Facility and Request for Rephasing of Access-Press Release; Staff Report; Staff Supplement, and Statement by the Executive Director for Pakistan

While the Covid-19 shock temporarily disrupted Pakistan’s progress under the program supported by the IMF’s Extended Fund Facility (EFF), the authorities’ policies have been critical in supporting the economy and saving lives and livelihoods. Aside from health-related containment measures, their...

www.imf.org

 

[Maula Jatt]

Are you being serious? Pakistan is on continuous foreign aid since 1958. Where was Imran Khan and PTI in 1958?
View attachment 788745
View attachment 788746

No. It's Pakistan's own lack of exports and productivity growth that is forcing it back to IMF again and again unlike other regional countries like India or Bangladesh View attachment 788747View attachment 788748

steepest decline 2013-2017

 

[Nasr]

Do you even know how much of the $123 billion of the external debt that Pakistan owes, actually belongs to the IMF, World Bank and the Western countries?

Let's say, Pakistan needs to pay back $10 billion this year. Where will this $10 billion come from? For starters, Pakistan doesn't have $10 billion lying around and neither is anyone willing to lend $10 billion interest free to Pakistan.

That popular theory that, when the incompetent PTI Government comes to power, Switzerland will empty it's banks and fill up Pakistani banks with $200 billion, doesn't seem to be working.

Pakistan has remained on IMF top 10 borrowers for the last 45 years. So for you to say that IMF is not the problem, is a bumrap of the ignorant. IMF is weapon used by the Zionist owned West to arm-twist countries into submission, else they suffer the consequences. IMF is part of the Zionist-Western arsenal used to beat it any defiant country into submission.

Those who don't see things for what they really are, will be in peril of fatal ignorance.

I follow Nabi Muhammad Alaihi Salaat-u-Wassalam and He (Alaihi Salaat-u-Wassalam) would have instructed Muslims to stay clear of IMF, WB, Petrodollar, FATF, Credit Rating Agencies and the West.

You are incapable of understanding the West without studying about Dajjal and the only voice in history that commands knowledge on dajjal, is Nabi Muhammad Alaihi Salaat-u-Wassalam.

So be careful of labeling IMF/WB as innocent, rather they are parasitic predators.

 

[Pakistan Space Agency]

... IMF is weapon used by the Zionist owned West to arm-twist countries into submission, else they suffer the consequences. IMF is part of the Zionist-Western arsenal used to beat it any defiant country into submission. ...

Your post is just gibberish rubbish.

For starters no one forced Pakistan to seek IMF's help. The US was even reluctant to lend money to Pakistan through the IMF.

Let me help you remember.

U.S.' Pompeo warns against IMF bailout for Pakistan that aids China

U.S. Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan's new government should not provide funds to pay off Chinese lenders.

www.reuters.com

One of the reasons countries go to the IMF is because they can lend out as much amount you need and as soon as you need it with certain conditions attached to ensure that it'll be repaid back in the stipulated time frame.

Secondly, I asked you to explain that if Pakistan today needed to pay off $10 billion, where will Pakistan get that money from interest free?

It's not a trick question so don't tell me tales about ifs and buts, past and future, good versus evil but straight forward answer on who will lend $10 billion interest free to Pakistan.

 

[Nasr]

Just post is just gibberish rubbish.

For starters no one forced Pakistan to seek IMF's help. The US was even reluctant to lend money to Pakistan through the IMF.

Let me help you remember.

U.S.' Pompeo warns against IMF bailout for Pakistan that aids China

U.S. Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan's new government should not provide funds to pay off Chinese lenders.

www.reuters.com

One of the reasons countries go to the IMF is because they can lend out as much amount you need and as soon as you need it with certain conditions attached to ensure that it'll be repaid back in the stipulated time frame.

Secondly, I asked you to explain that if Pakistan today needed to pay off $10 billion, where will Pakistan get that money from interest free?

It's not a trick question so don't tell me tales about ifs and buts, past and future, good versus evil but straight forward answer on who will lend $10 billion interest free to Pakistan.

$10 billion? The fact that you need to borrow that much in order to make a country's economy work is absurd. For that outright tells me that Debt equals Money! Sorry, but I would rather be free than be a slave and indebted.

 

[Pakistan Space Agency]

$10 billion? The fact that you need to borrow that much in order to make a country's economy work is absurd. For that outright tells me that Debt equals Money! Sorry, but I would rather be free than be a slave and indebted.

Duh. This is how the entire world economy works and it's been like this for a very long time now.

Some examples of leading Muslim nations.

Turkey's external debt is $448 billion.​

Indonesia's external debt is $415 billion.​

Malaysia's external debt is $246 billion.​

Egypt's external debt is $135 billion.​

Ofcourse, the developed world has a lot higher external debts owed to each.

So, I am not sure which fictitious world you're living in where you're imagining interest free loans, debt-free economies and budgets not dependent on Internal/external borrowing.

The phone/computer you're using to post here, is most likely made by a company that has a lot of debts to pay off.

 

[The Maverick]

external debt pakistan neighbours

China 2.4 trillion dollars or 16,% of GDP
India 575 billion dollars 20% of GDP
Bangladesh 45 billion or 14 % of GDP
pakistan 123 billion or 45 % of GDP

 

[Norwegian]

Pakistan has remained on IMF top 10 borrowers for the last 45 years. So for you to say that IMF is not the problem, is a bumrap of the ignorant. IMF is weapon used by the Zionist owned West to arm-twist countries into submission, else they suffer the consequences. IMF is part of the Zionist-Western arsenal used to beat it any defiant country into submission.

Those who don't see things for what they really are, will be in peril of fatal ignorance.

I follow Nabi Muhammad Alaihi Salaat-u-Wassalam and He (Alaihi Salaat-u-Wassalam) would have instructed Muslims to stay clear of IMF, WB, Petrodollar, FATF, Credit Rating Agencies and the West.

You are incapable of understanding the West without studying about Dajjal and the only voice in history that commands knowledge on dajjal, is Nabi Muhammad Alaihi Salaat-u-Wassalam.

So be careful of labeling IMF/WB as innocent, rather they are parasitic predators.

 

[ghazi52]

Pakistan is doing good.