Pakistan On The Verge Of Inflationary Collapse - Pleads For Larger IMF Bailout

[nahtanbob]

The article literally said they are requesting the IMF for 36 billion

Not sure what you are talking about

I doubt the IMF will give Pakistan $36 billion given the size of Pakistani economy. $36 billion might be the total amount all creditors are going to loan or rollover

 

[AZADPAKISTAN2009]

Fake and over top sensationalization

>No Danger as we grow own crops
>Have water to drink
>Free Sunshine
>Have own agricultural life stock
>Own Milk Produced
>Own fishing sector
>Make own clothes

If no oil , people will just shift to using Animals to transport Milk and small goods

Taking IMF loan is stupid , we are better off with no such loan

We can live without IMF loan

Economy is not really important right now as we are planning to prepare a helicopter ride for Cherry Blossom from Embassy roof top

Electricity shortages will just force people to use Solar Panels more and more

 

[kazaki]

Pakistan On The Verge Of Inflationary Collapse - Pleads For Larger IMF Bailout

Tyler Durden's Photo
BY TYLER DURDEN
MONDAY, MAY 30, 2022 - 03:27 PM
Pakistan, a nuclear power with at least 165 warheads from short range to medium range, is facing potential economic collapse according to the country's Finance Minister, Miftah Ismail.

With an official inflation rate of over 13.37% (double the official CPI to get a more accurate picture of true price inflation), the 2nd fastest rising rate in Asia, Pakistan has sought relief from foreign debt obligations and an IMF bailout deal. Initial arrangements for a three year deal with the IMF began in 2019, but Pakistan says that deal, originally for $6 billion USD, is 'outdated' due to the covid pandemic and new global financial pressures. The nation now says it is in 'dire need' of at least $36 billion in order to stay afloat.



Pakistan is slated to pay back over $21 billion USD in foreign debt within the next fiscal year. It is also struggling with extensive food inflation and supply chain disruptions as the government seeks to import at least 3 million tons of wheat and 4 million tons of cooking oil to alleviate shortages.

This is yet another example of the spread of global inflation/stagflation that is going largely ignored by western media outlets. Nations like Pakistan with already weakened economic conditions are canaries in the coal mine; leading indicators of what is likely to happen throughout more affluent first world nations should current conditions continue.

With globalist institutions like the UN, the IMF, the BIS, World Bank and the WEF all predicting major food shortages this year, the mainstream media has been noticeably quiet when it comes to nations where the crisis is already bubbling to the surface.

The reason the instability in Pakistan is particularly concerning is because it is one of nine countries in the world (officially) with a nuclear arsenal, not to mention an ongoing border conflict with India which sparked two wars in 1947 and 1965, as well as a limited war in 1999. As economic instability rises so does public discontent and rebellion. By extension, political elites commonly offer war as a “release valve” for public anger and a distraction from financial pain. Otherwise, the potential for widespread civil unrest grows daily.

To be sure, Pakistan is not the only country facing these conditions today, it is one of many. However, unlike many African or South American nations where the effects of inflationary collapse remain mitigated to domestic concerns, a collapse in Pakistan could have international implications.

Beyond the threats associated with sinking economies and regional conflicts, the IMF has become the go-to loan shark, circling struggling nations when it smells blood in the water. As more and more countries face declines associated with inflation/stagflation, it is not conspiratorial to suggest that the IMF greatly benefits. As the world breaks down, more nations become beholden to the IMF debt structure until eventually they are owned lock, stock and barrel by a handful of banking elites.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

@Wood @maithil @UKBengali @Bilal9 @Bilal. @Patriot forever @farok84 @ziaulislam

America should help and bail out pakistan govt out of this ptoblem .

 

[ACE OF HEARTS]

18 th Amendment needs to be finished.

Otherwise, the federal government will not have enough revenues, to repay all the loans , ever.

Political obstacles need to be removed ASAP.

Provinces are getting more stronger than the federal government.

But these measures can only be taken when a political figure is supported by the majority of the population, if not everyone......AND WE ALL KNOW WHO THAT POLITICIAN IS

 

[nahtanbob]

America should help and bail out pakistan govt out of this ptoblem .

How about your iron brother ?

 

[PradoTLC]

now where are all noonies?... who claimed the new whiz kid Wharton - Public Finance (ie Public Fraud) Mr Ismail will save us from Imran?..

America should help and bail out pakistan govt out of this ptoblem .

Agree .. they brought this imported gov in the first place

 

[Pak Nationalist]

It also helps that the military has over 250 years of proud sepoy service to imperial powers going all the way back to Mir Jaffer's units that betrayed Sirajudullah

That too. Like afsar shahi, our land armed force was never truly de-colonized. Airforce and PN were conceived post-partition and therefore, do not have the same superiority complex. Airforce in particular despite being the only armed force that has acquitted itself in each war/conflict still does not have the complex that land forces have.

 

[VCheng]

Fake and over top sensationalization

>No Danger as we grow own crops
>Have water to drink
>Free Sunshine
>Have own agricultural life stock
>Own Milk Produced
>Own fishing sector
>Make own clothes

If no oil , people will just shift to using Animals to transport Milk and small goods

Taking IMF loan is stupid , we are better off with no such loan

We can live without IMF loan

Economy is not really important right now as we are planning to prepare a helicopter ride for Cherry Blossom

Electricity shortages will just force people to use Solar Panels more and more

Does this mean Pakistanis get to live like the 15th century, or is it the 13th century living that you wish for?

 

[TheDarkKnight]

USA never asked for bases during PMIK's tenure. That is a FACT, not mere propaganda. PMIK's "absolutely not" is more propaganda without any factual basis, however.

How is it propaganda? The ‘absolutely not’ was in reply to a journalist in HBO interview. Plain and simple. Now whether that reply torpedoed a potential request or interest preemptively is speculation.

 

[Ssan]

Frankly if the IMF restarts the program if they have not completely removed the subsidy, then it will be proof of regime change. 36 bn$ so that SS and PMLN can put us 20 bn $ extra into debt is so stupid. If you can’t face the music, leave the arena and call re-elections. Until then, don’t talk about oh needs this that.

 

[VCheng]

How is it propaganda? The ‘absolutely not’ was in reply to a journalist in HBO interview. Plain and simple. Now whether that reply torpedoed a potential request or interest preemptively is speculation.

The propaganda lies in the way an impulsive reply to a hypothetical question by a journalist was repeatedly claimed to be the modern day equivalent of David standing up to Goliath. (And specially keeping in mind how a message was conveyed to stop lying about it, which was heeded.)

 

[Ssan]

The propaganda lies in the way an impulsive reply to a hypothetical question by a journalist was repeatedly claimed to be the modern day equivalent of David standing up to Goliath. (And specially keeping in mind how a message was conveyed to stop lying about it, which was heeded.)

This is again really silly. Conversations that involve these sort of things happen behind closed doors and out of media spotlights. People deny things until they are final ofc. In any case, you can refer to NYT about the back story of how these bases were, in fact, being requested. And the relevant White House press briefing. Not propaganda, just your naivety.

C.I.A. Scrambles for New Approach in Afghanistan (Published 2021)

The rapid withdrawal of U.S. troops has left the agency seeking ways to maintain its intelligence-gathering, war-fighting and counterterrorism operations in the country.

www.nytimes.com

So homework for you:-
1) read article
2) check date on article
3) check date on said interview of Ik absolutely not.
4) admit your silliness/naivety here

 

[AZADPAKISTAN2009]

Does this mean Pakistanis get to live like the 15th century, or is it the 13th century living that you wish for?

Cow boys call it farm life and the wear the hat
Never seen anyone complain before

Pakistan's economy is over dependent on oil even when we don't need it as much

> Food City to City transport can be done by Train

 

[SaadH]

That too. Like afsar shahi, our land armed force was never truly de-colonized. Airforce and PN were conceived post-partition and therefore, do not have the same superiority complex. Airforce in particular despite being the only armed force that has acquitted itself in each war/conflict still does not have the complex that land forces have.

And when it comes to colonial powers that are still plying their trade, that complex turns into one of inferiority.

 

[MisterSyed]

The fact that we were going all good, the reserves were afloat, there was no sense of defaulting, Mehngai was Very Low and Predictable due to Inflation.
Right now literally just a month later, The middleclass has veen fvcked by the Shabaz and his Chutus. Let alone the People below poverty.