Pakistan bailout program: IMF likely to release $550m

[WishLivePak]

Bailout programme: IMF likely to release $550 million tranche – The Express Tribune

We would not have asked for this loan and have paid for the circular debt if oil price wasn't dropped drastically.

 

[Imran Khan]

قرض کی پیتے تھے مے لیکن سمجھتے تھے کہ ہاں رنگ لائے گی ہماری فاقہ مستی ایک دن.

 

[Paksanity]

Isn't it part of already negotiated IMF loan? Instead of bailout..

 

[third eye]

How long will Pakistan keep looking for bail outs ?

 

[fenku]

Bailouts are traps..Restriction imposed on import from coal to gold/ hike in taxes/ deduction in govt spending like pension schemes/health.....look what happen to Greece. Its economy is doomed. Got feeling Pakistan heading towards same...

 

[Agent Smith]

what happens to pakistan's thumping growth rate record of the recent past? was that a hoax?

 

[Orakzai]

Bailout programme: IMF likely to release $550 million tranche – The Express Tribune

We would not have asked for this loan and have paid for the circular debt if oil price wasn't dropped drastically.

Its ironic to see how ppl lie for their parties and try to justify their incompetent leaders. Ask any economist and he/she would tell you how big blessing dropped down prices of oil are for the oil depended countries but here my friend is considering it bad and making it a reason for the bad governance just only for the sake to defend his leader. Tsk tsk tsk

 

[WishLivePak]

Its ironic to see how ppl lie for their parties and try to justify their incompetent leaders. Ask any economist and he/she would tell you how big blessing dropped down prices of oil are for the oil depended countries but here my friend is considering it bad and making it a reason for the bad governance just only for the sake to defend his leader. Tsk tsk tsk

India is oil depended country, so is Afghanistan, Bangladesh and China. They all charge 100~ rupees, but it is Pakistan where we charge 70 rupees.

There is a reason the world is progressing and we're going backwards.

what happens to pakistan's thumping growth rate record of the recent past? was that a hoax?

"hindu" gdp ruined us.

Now when I call any Canadian company, I get an indian trying to help me. India stealing jobs from Pakistan! Share a few, please?

Anyway, the reason our GDP collapse was due to nuclear testing, terrorism, army and civilians power shuffle, load shedding and list goes on. But these are some of the major (first era was the shuffle, second era was terrorism and still continues and third era is load shedding).

 

[Nilesh Singh]

قرض کی پیتے تھے مے لیکن سمجھتے تھے کہ ہاں رنگ لائے گی ہماری فاقہ مستی ایک دن.

Chacha can't understand what you have written, but kya jaldi padi hai pakistan ko fir se IMF se loan lana ki.
PM Nawaz need to tighten its belt take tough decision and start economic recovery for Pakistan ASAP. Taking loan will only take Pakistan bigger into the hole, it will come with lot of restriction and giving interest will only broke your country backbone. Kaun hai Finance minister Pakistan ka, usko simple chiz samaz me nahi aa raha hai kya??

 

[WishLivePak]

Chacha can't understand what you have written, but kya jaldi padi hai pakistan ko fir se IMF se loan lana ki.
PM Nawaz need to tighten its belt take tough decision and start economic recovery for Pakistan ASAP. Taking loan will only take Pakistan bigger into the hole, it will come with lot of restriction and giving interest will only broke your country backbone. Kaun hai Finance minister Pakistan ka, usko simple chiz samaz me nahi aa raha hai kya??

Our politcians cannot make sound and hard decisions. Afterall, our finanace minister is an accountant.

I keep saying, we gave $4 billion of benefit to people by reducing price of oil. Instead, we could've use that money to pay circular debt, boost our rupee and do not take any loans (which carry interest, that is haram + why borrow with interest when you can use money from home).

India was smart and they dropped price to 100 rupees like other countries in region and Pakistan did 70 rupees.

 

[farhan_9909]

what happens to pakistan's thumping growth rate record of the recent past? was that a hoax?

This is the same Loan program of 2013 and a further tranche is released.

 

[GURU DUTT]

to goya pakistan ke honhaar hukum raano ne akhir kaar kashkoltor hi diya

 

[Nilesh Singh]

Our politcians cannot make sound and hard decisions. Afterall, our finanace minister is an accountant.

I keep saying, we gave $4 billion of benefit to people by reducing price of oil. Instead, we could've use that money to pay circular debt, boost our rupee and do not take any loans (which carry interest, that is haram + why borrow with interest when you can use money from home).

India was smart and they dropped price to 100 rupees like other countries in region and Pakistan did 70 rupees.

Prices are already down by 50% and on top of that why Pakistan need to give extra 4 Billion dollar subsidy.Yaar ye kya ho raha hai, logic bhi samaz me nahi aa raha hai.
In India our government has not passed all the benefit of low prices of oil, what they have done is they have increased tax of almost Rs. 10 on both petrol and diesel and they are using this extra money to contain fiscal deficit to set target (4.1% of GDP) and meet its target by hook or crook, and also set up infra fund with this money to be put only for infra project. Government is getting about a 1 billion dollar a month on this hike alone. So no free lunches (congress and other opposition parties are putting lot of pressure on the Gov. but MODI is not giving in) and this gov. has made abundantly clear economy come first, now this the mantra which in long run will help India to be economic power which it wants, but biggest surprise is BJP and its allies are winning state after state without much problem, it seems Indian do not want subsidy but they also want economic growth. Already Petrol and Diesel prices is market oriented, no government subsidy, only LPG and Keroshine where subsidy is there and i think government should remove LPG subsidy as LPG are mainly used by Middle class and upper class people who can afford it at Market rate.

 

[ice_man]

It is a tranche of an existing deal of approximately 2 billion USD that was agreed between the government and IMF in 2013.

A loan is not a bad thing all governments take it. WHAT MATTERS IS WHERE THE MONEY IS USED.

INDIA,USA,JAPAN,UK,FRANCE all governments of the world have deficits and those deficits are usually covered by borrowings. however, most nations avoid IMF because IMF gives loans with conditions.

 

[WishLivePak]

Prices are already down by 50% and on top of that why Pakistan need to give extra 4 Billion dollar subsidy.Yaar ye kya ho raha hai, logic bhi samaz me nahi aa raha hai.
In India our government has not passed all the benefit of low prices of oil, what they have done is they have increased tax of almost Rs. 10 on both petrol and diesel and they are using this extra money to contain fiscal deficit to set target (4.1% of GDP) and meet its target by hook or crook, and also set up infra fund with this money to be put only for infra project. Government is getting about a 1 billion dollar a month on this hike alone. So no free lunches (congress and other opposition parties are putting lot of pressure on the Gov. but MODI is not giving in) and this gov. has made abundantly clear economy come first, now this the mantra which in long run will help India to be economic power which it wants, but biggest surprise is BJP and its allies are winning state after state without much problem, it seems Indian do not want subsidy but they also want economic growth. Already Petrol and Diesel prices is market oriented, no government subsidy, only LPG and Keroshine where subsidy is there and i think government should remove LPG subsidy as LPG are mainly used by Middle class and upper class people who can afford it at Market rate.

We lost $4 billion dollars by dropping oil prices, didn't give $4 billion in subsidy (you're counting it twice).

Afghan, China, Bangla and many other nations have similar price like India. They're all using it to get their budget in order. Meanwhile in Pakistan, we're taking loans, paying interest on top (if we borrow $4 billion, with interest that is tens of millions extra).

And people in our country still complaining that why haven't oil prices dropped further and gov't making kickbacks and abusing the poor and this gov't should die in hell fire etc.