Shehbaz comes up with economic revival plan as Pakistan secures IMF deal

[FOOLS_NIGHTMARE]

Prime Minister Shehbaz Sharif on Saturday took the nation into confidence over deal with International Monetary Fund (IMF).

Addressing a press conference in Governor House Lahore, Shehbaz also talked about the economic revival plan of Pakistan as he said that everyone would have to put efforts for uplifting the country.

“Debts and loans are not the solution as we have to get rid of them and focus on our own domestic resources,” said the prime minister.

Shehbaz added that all the institutions including judiciary, parliament and defense institutions will have to put their efforts jointly to make Pakistan a strong country economically.

"We have to bring investment from the gulf countries and we’ll now focus on the agricultural sector to create employment opportunities. Pakistan is full of natural resources and we’ll give four million employment opportunities by using them," said the PM.

Talking about the IMF deal, Shehbaz Sharif said, "Pakistan has managed to get $3 billion after a hectic exercise and meetings in Paris turned out to be the turning point. We have gotten a crippling economy when we take the charge and attempts are being made to halt the agreement with IMF."

Finance Ministers of two provinces refused to write letter to the IMF and it was meant to default the country but Almighty helped us and now we have secured the deal, Shehbaz added.

Shehbaz Sharif said during the last three months China helped Pakistan significantly by providing about $5 billion and saved the country from default.

He also appreciated Saudi Arabia, UAE, Islamic Development Bank and other friendly countries for their generous help during critical time.

The prime minister said that the PTI government breached the deal with IMF. The prime minister said incumbent government had signed an agreement for LNG import with Azerbaijan at cheaper rate and it would benefit the country.

He said during the last one year, incumbent government signed agreements for import of wheat, fertilizer and energy on discounted rate and benefited the country.

Shehbaz comes up with economic revival plan as Pakistan secures IMF deal

PM takes nation into confidence over IMF deal

dunyanews.tv

 

[PakFactor]

"Almighty helped us" by getting more debt. Allah ka shukar we have him as a leader.

 

[Dalit]

3 more billion added to a staggering debt. The beggar did exactly what he promised. Beg. Well done boys.

 

[Jazzbot]

These morons delayed the deal by almost an year because of their own stupidity and arrogance of Dar.

By the way, when IK made a deal with IMF it was selling the country to IMF. Is it halal and kosher now?

 

[koolio]

3 more billion added to a staggering debt. The beggar did exactly what he promised. Beg. Well done boys.

These crime beggars are hailing this as a huge success, as a matter of fact it's only a standby agreement for 9 months, the original IMF deal has expired, this IMF deal will break the backbone of the public with huge increases in gas, electric and fuel.

 

[epebble]

There won't be a default at least in 2023. The next crisis has been postponed to the next government and next year.

 

[SaadH]

It will be all laundered out by the likes of Ayyan Ali and Sharif brothers special Maqsood Chaprrasi, rahi sahi qasar will be picked up the sepoys.

 

[arjunk]

Not a cent will be invested in long term reforms.

 

[IceCold]

Is it halal and kosher now?

It is as per Hafiz Syed Hazrat Asim Munir sab.

 

[TigerOfMysore]

Prime Minister Shehbaz Sharif on Saturday took the nation into confidence over deal with International Monetary Fund (IMF).

Addressing a press conference in Governor House Lahore, Shehbaz also talked about the economic revival plan of Pakistan as he said that everyone would have to put efforts for uplifting the country.

“Debts and loans are not the solution as we have to get rid of them and focus on our own domestic resources,” said the prime minister.

Shehbaz added that all the institutions including judiciary, parliament and defense institutions will have to put their efforts jointly to make Pakistan a strong country economically.

"We have to bring investment from the gulf countries and we’ll now focus on the agricultural sector to create employment opportunities. Pakistan is full of natural resources and we’ll give four million employment opportunities by using them," said the PM.

Talking about the IMF deal, Shehbaz Sharif said, "Pakistan has managed to get $3 billion after a hectic exercise and meetings in Paris turned out to be the turning point. We have gotten a crippling economy when we take the charge and attempts are being made to halt the agreement with IMF."

Finance Ministers of two provinces refused to write letter to the IMF and it was meant to default the country but Almighty helped us and now we have secured the deal, Shehbaz added.

Shehbaz Sharif said during the last three months China helped Pakistan significantly by providing about $5 billion and saved the country from default.

He also appreciated Saudi Arabia, UAE, Islamic Development Bank and other friendly countries for their generous help during critical time.

The prime minister said that the PTI government breached the deal with IMF. The prime minister said incumbent government had signed an agreement for LNG import with Azerbaijan at cheaper rate and it would benefit the country.

He said during the last one year, incumbent government signed agreements for import of wheat, fertilizer and energy on discounted rate and benefited the country.

Shehbaz comes up with economic revival plan as Pakistan secures IMF deal

PM takes nation into confidence over IMF deal

dunyanews.tv

Re-enforces my view that the US was actively behind the "constitutional" process against IK.

 

[Maula Jatt]

Not with Dar in charge
Not with this elite capture backed by Pak army (17.1$ billion in subsidies for the elites)

SS is a sincere guy, I'll give him that but sincerity alone can't get us out of this mess

 

[Dalit]

Re-enforces my view that the US was actively behind the "constitutional" process against IK.

The US was behind the regime change. That is certain. The fact that the Americans are unwilling to even condemn the mass human rights abuses should be enough indication. The Biden regime and the deep state wanted Imran Khan gone. Imran Khan and Trump duo removed US/NATO troops from Afghanistan. The US/NATO security apparatus is even today bitter. On top of that, IK wanted an independent foreign policy. That is too much for the Americans and Europeans. The Americans and Europeans won't allow an independent Pakistan. The Pakistani generals and their army is essentially an extension of US/NATO. The Pakistani army despite many differences relies on US/NATO for existence. You have to remember that the US/NATO have designated the Pakistan as a major non-NATO ally. That title is essentially given to the Pakistani army.

 

[Dalit]

These crime beggars are hailing this as a huge success, as a matter of fact it's only a standby agreement for 9 months, the original IMF deal has expired, this IMF deal will break the backbone of the public with huge increases in gas, electric and fuel.

3 billion dollars is insignificant and insufficient to rescue the Pakistani economy. It will only buy some time for the generals and PDM. That is what the Americans are looking for the time being. This loan has only been provided after PDM made harsh changes to their rotten budget. The ordinary people are about to feel the wrath like never before. IMF and PDM are about to squeeze the hell out of Pakistani people.

Some reforms:

The power sector has been specifically mentioned by the IMF, which called for a “timely” rebasing of tariffs to ensure that costs are recovered. This means hiking prices for consumers despite already record-high inflation in what is an election year.

The State Bank of Pakistan (SBP) should withdraw import restrictions put in place to control external payments in the face of fast-depleting foreign exchange reserves, which had throttled economic growth. Reserves stand at $3.5bn — barely enough to cover a month’s worth of controlled imports.

Pakistan has been asked to commit fully to a market-determined exchange rate, remove controls and eliminate multiple exchange rate practices in different markets, even as the rupee has depreciated to record lows in recent weeks.

The SBP has also been asked to remain “proactive” to reduce inflation. The bank paused its rate hike process at a scheduled meeting this month. Days later, it implemented an off-cycle 100 basis point hike to take its policy rate to 22 per cent on the demand of the IMF.

Losses in state-owned enterprises, which are burning a hole in government finances, will need stronger governance. The government has budgeted only about Rs15bn in receipts from a stalled privatisation process.

What Pakistan needs to do under the IMF programme

Challenging reforms, more funding, full and timely implementation of IMF programme are critical for pact's success.

www.dawn.com

 

[Tamerlane]

It seems like the US is happy with the brutal crackdown on the people of Pakistan. They only approved the loan after it seemed like PTI had been crushed.

Good luck to this puppet of Ganga and Whiskey & Co. for reviving the economy. There is no investment, remittances are falling, exports are falling. People are leaving the country. All the loans do is delay the inevitable collapse.

Things look all set for rigged elections with Uncle Sam’s full approval.

 

[fatman17]

Prime Minister Shehbaz Sharif on Saturday took the nation into confidence over deal with International Monetary Fund (IMF).

Addressing a press conference in Governor House Lahore, Shehbaz also talked about the economic revival plan of Pakistan as he said that everyone would have to put efforts for uplifting the country.

“Debts and loans are not the solution as we have to get rid of them and focus on our own domestic resources,” said the prime minister.

Shehbaz added that all the institutions including judiciary, parliament and defense institutions will have to put their efforts jointly to make Pakistan a strong country economically.

"We have to bring investment from the gulf countries and we’ll now focus on the agricultural sector to create employment opportunities. Pakistan is full of natural resources and we’ll give four million employment opportunities by using them," said the PM.

Talking about the IMF deal, Shehbaz Sharif said, "Pakistan has managed to get $3 billion after a hectic exercise and meetings in Paris turned out to be the turning point. We have gotten a crippling economy when we take the charge and attempts are being made to halt the agreement with IMF."

Finance Ministers of two provinces refused to write letter to the IMF and it was meant to default the country but Almighty helped us and now we have secured the deal, Shehbaz added.

Shehbaz Sharif said during the last three months China helped Pakistan significantly by providing about $5 billion and saved the country from default.

He also appreciated Saudi Arabia, UAE, Islamic Development Bank and other friendly countries for their generous help during critical time.

The prime minister said that the PTI government breached the deal with IMF. The prime minister said incumbent government had signed an agreement for LNG import with Azerbaijan at cheaper rate and it would benefit the country.

He said during the last one year, incumbent government signed agreements for import of wheat, fertilizer and energy on discounted rate and benefited the country.

Shehbaz comes up with economic revival plan as Pakistan secures IMF deal

PM takes nation into confidence over IMF deal

dunyanews.tv

Seriously.