IMF warns Pakistan economy deteriorating

[SHAMK9]

sharia should come in pak.. only ttp can do it for them.. then grand alliance between afg and pak with taliban brothers.
all men folk throwaway your razonrs.. all women please buy more cloth to cover yourselves..

lol lol lol

Will islamic republic of india be joining us? lol lol lol

 

[Abu Zolfiqar]

with a dysfunctional government like the one in power what can u really expect....?

if Pakistan can grow at this rate under these difficult circumstances, it speaks volumes about the potential if there was proper leadership, management and discipline on the part of the government -- federal and state

Pakistan functions despite the government not because of it. At least on a good note, stock market was just recently at an all times high in history of Pakistan, highest tax collection; and consumer spending

tax collection, cutting subsidies and tightening the belt of the government ought to be at the top of the agenda -- unfortunately before a big election such bold measures would not be taken


i suggest you read this


Pakistan’s equities hit all time high – but does the economy justify further gains? | beyondbrics

 

[somebozo]

Zinda ha Bhutto
ZInda ha BiBi

Anyone who voted for bhutto and bibi should be hanged on the light pole

Zardari is actively building his sindhi votebank by hoarding jobs in already dysfunctional national institutes...

 

[Abu Zolfiqar]

It doesn't make much difference.Pakistan leaders don't care what happens to their economy,they know how ever bad it is International community will bail them out.If they really cared they would've implemented IMF bailout conditions last time.Next year another bailout is almost certain.Even though Pakistan won't meet any of the bail out condition some one will bail them out,because Pakistan's bankruptcy will have horrible consequences.

this loan is being used to repay portion of previous IMF loan; it's a debt trap

but contrary to popular indian belief -- Pakistan is actually quite responsible on its foreign debt obligations. If Pakistan defaulted, then you could concern yourself more. But it hasn't. Our forex position is fairly satisfactory as well.

Zinda ha Bhutto
ZInda ha BiBi

Anyone who voted for bhutto and bibi should be hanged on the light pole

Zardari is actively building his sindhi votebank by hoarding jobs in already dysfunctional national institutes...

hah doesnt surprise me

 

[WAR-rior]

Pakistan invested $ 500 million in Afghanistan for strategic purposes while it could be used for energy crisis which is affecting the industries hence economy.

It could ave used this money for its current projects for energy generation which are hanging in middle.

Prioritization and optimization is what is lacking.

Pakistan can provide alternative help to Afghan people for strategic purposes. It can work with China and do the development as Pakistan knows the Afghanistan and its people the best while China provide the money. Chinese won't be as welcomed as Pakistanis by Afghans. For them, Chinese are foreigners too and Pakistan is like their brother.


There is need for change of approach. India's investment in Afghanistan directly is due to lesser commonality with Afghans and aren't supported that much.

P.S. Kindly don't bring India's poverty to negate India's investment. After decades, India finally has got the chance to be in A-stan so its using the opportunity.

Bhai, jab power army ke haath hogi to investment in afganistan will any day me important than a comman man's woes.

 

[Azazel]

this loan is being used to repay portion of previous IMF loan; it's a debt trap

Yes,But it became a debt trap because your Govt failed to cut deficits and raise revenue.For that Govt needs to introduce tax reforms and cut some spending(including Military),which Zardari and Co failed to do.

but contrary to popular indian belief -- Pakistan is actually quite responsible on its foreign debt obligations. If Pakistan defaulted, then you could concern yourself more. But it hasn't. Our forex position is fairly satisfactory as well.

Yes,For the time being Pakistan has enough Forex reserves.But the question is will there be enough left after the IMF repayment January next year.

 

[MilSpec]

The problem of inefficiency is key of course, but that is so for most third world nations (essentially why nations are ever poor in the first place). Where Pakistan compounds the problem and generally falls flat is in the generation of money; revenue generation has long been a massive disaster for governments, both democratic and military throughout Pakistani history. Ignoring the implementation of proper taxation greatly limits the available funds. On the other hand, the old British socialist economic system is still continued without the proper resources. The large number of crown corporations, nationalized mainly in the 70s, have absorbed the little money the government does have. If you are going to promise people health and education and then not deliver; not have money to properly equip and train your police; and cant afford basic infrastructure, the whole situation becomes exponentially worse. Now, not only do you have no money, you have an unhappy populous. A desperate and unhappy people are prime victims for those who prey on the needs of the public to further their own political and other other misguided aims, hence the growing extremist problem.

It is all interrelated, but as you rightly pointed out, we are not even remotely efficient with our funds, which we don't have enough of, to begin with. As pointed out by another member, the safety net that the international community provides to failing nations props up the completely failed system of government and economics of Pakistan. We cannot truly fail, because nations in the world will not let it happen to safeguard their own interests. By occupying the niche of complete basket case, we have invariably secured our own future in the global hierarchy...I know, we aren't exactly aiming high here.

Pakistan, today may be doing worse than it ever has, but the common man notices it only marginally; he was poor 10 years, he was poor 20 years; and he will be poor tomorrow. The suffering is almost intangible as after a while a little bit extra doesn't really add greatly to a doomed existence...a convoluted way of applying the law of diminishing returns to suffering. So if the people aren't willing to do anything; the government is content with incoming aid dollars; and our taxpayer-run organizations continue to throw money down a black hole: we will never succeed and never fail at the same time. Consider it a state of constant or perpetual misery, the consistency of which is quite incredible.

Very valuable observation, What measure in your opinion should be taken NOW to see some concrete noticeable difference in next 8-10 year