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Inevitable IMF – A Tsunami of inflation on the way

Devaluation of Rupee is the main reason why we are in such dire economic situation, govt must take Rupee value in control like dar did for 4.5 years, and not let open market decide the rupee value, or else the rupee will keep devaluate and our debt will keep rising.... This is the basic mistake PTI govt. making, the Rupee is vulnerable (plus rumours of new taxes due to new loan from IMF), so investors are wary of the situation and cautious, that is why investors pulled 270 plus billions from stock market, as a result stock market crashed.

This is the IMF game... They will provide high interest loans to countries and force them to devaluate their currency, thats it, the country is done.

The youthias here are not ready to learn or understand current crisis, all their intents are to defend IK and PTI, and abuse/accuse whoever disagrees with them.

https://twitter.com/x/status/1050041916237189120

https://twitter.com/x/status/1049867789916229632
 
Champion_Usmani said:
Devaluation of Rupee is the main reason why we are in such dire economic situation, govt must take Rupee value in control like dar did for 4.5 years, and not let open market decide the rupee value, or else the rupee will keep devaluate and our debt will keep rising.... This is the basic mistake PTI govt. making, the Rupee is vulnerable (plus rumours of new taxes due to new loan from IMF), so investors are wary of the situation and cautious, that is why investors pulled 270 plus billions from stock market, as a result stock market crashed.

This is the IMF game... They will provide high interest loans to countries and force them to devaluate their currency, thats it, the country is done.

The youthias here are not ready to learn or understand current crisis, all their intents are to defend IK and PTI, and abuse/accuse whoever disagrees with them.
Click to expand...

Actually an overvalued currency is why we are in this situation. We've been living beyond our means. Importing more than we can afford. This was only possible because the rupee was overvalued. This made imports cheap for us and our exports expensive for foreign buyers. So imports went up, exports went down and gradually we ran out of the dollars we had previously borrowed.

IMF loans are actually at very low interest rates. That's why we go to them in the first place. They and the other international financial institutions like the world bank and asian development bank give loans at concessionary rates.

So basically you got it all wrong. It's thinking like yours that gets us in trouble into the first place. If the exchange rate were allowed to adjust to market forces we would never be able to import more than we can pay for and we wouldn't need to borrow dollars from the IMF or anyone else for that matter. But people like you think the exchange rate is a matter of national pride so you encourage the govt. to keep it overvalued. It's not a matter of national pride. The literacy rate, child mortality rates, population growth rate, tax to GDP ratio, internet penetration rate and financial services penetration rate are some of the things that are matters of national pride and we'd be far better of if more Pakistanis gave a damn about those things.
 
Muhammad bin Hamid said:
today erdogan announced that he not need imf and this is what real leader does
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You have no idea how the economy works.

Your mindset is the problem with Pakistan today. This is why PMLN and PPP have been able to survive for so long, despite being corrupt to the bone, and contributing heavily to Pakistan's economic downfall.

==

I find it hilarious that the same people that praised PMLN for going to the IMF, are the same people criticizing PTI for doing the same (in this case, PTI is being forced to do so).

Simply put, people criticizing PTI either have no idea how the economy works, or are dishonest shills.
 
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That Guy said:
You have no idea how the economy works.

Your mindset is the problem with Pakistan today. This is why PMLN and PPP have been able to survive for so long, despite being corrupt to the bone, and contributing heavily to Pakistan's economic downfall.

==

I find it hilarious that the same people that praised PMLN for going to the IMF, are the same people criticizing PTI for doing the same (in this case, PTI is being forced to do so).

Simply put, people criticizing PTI either have no idea how the economy works, or are dishonest shills.
Click to expand...
i also criticize pmln going to imf.It results our exports reduction due to taxes which imf demands to be imposed on industry.actually ik had said in his electionn compaigns that he will not go to imf and will prefer suicide.We should lower oil import and ask public to use bicycle and public transport like in japan and not use cars and govt should improve quality of public transport and also start loadshedding instead of generating electricity on imported fuel and promote solar power and build dams instead of houses and allow import of low prices second hand mobile phone and laptops we can easily avoid imf
 

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