Khotay, countries go to IMF with a begging bowl when they are already bankrupt or when in deep financial crisis, not by a delay from IMF.
Delayed cost us 1 trillion fiscal debt, 9 billion dollar reserve loss and 17 rupee PKR devaluation in just 8 months time of PTI.
Worsened, meaning country was already in deep shit crisis in 2018, thanks to PMLN expertise
Lol. Dollar during PPP went from 60 to 104 Rs. Inflation topped at 20 percent, highest in country's history.
It was about to come anyway. You can't run away from liabilities, no matter if you start IMF program early or late. Liabilities are there to stay for ever.
Wrong. The fiscal deficit is up due to mindless devaluation without thinking after effects because we are buying electricity from IPP in dollar terms not in PKR and in July China said they will not invest in PKR until PTI can promise a stable currency like other countries has. If we had gone for IMF program in 2018 August than we have already implemeneted the entire program by now and gone with fully recovery of our industry and economy.Worsened, meaning country was already in deep shit crisis in 2018, thanks to PMLN expertise
Pakistan Independence Day: On its Independence Day, Pakistan stares at bankruptcy
State Bank of Pakistan has only about $10 billion in forex, enough to last for only 2 months.economictimes.indiatimes.com
'Bankrupt' Pakistan grid adds to Imran Khan's economic liabilities
Pakistan has added half of its power generating capacity in the past five years with Chinese help but a weak distribution network means companies and households are still bereft of electricitywww.business-standard.com
Why Is Pakistan Going Bankrupt?
To put it simply, in Pakistan - debt is soaring, the Current Account Deficit is widening, reserves are dangerously low, and the currency has been devalued four times in just eight months.www.thequint.com
Lol. Dollar during PPP went from 60 to 104 Rs. Inflation topped at 20 percent, highest in country's history.
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It was about to come anyway. You can't run away from liabilities, no matter if you start IMF program early or late. Liabilities are there to stay for ever.
What full recovery? Almost entire foreign exchange reserves is borrowed money. Net foreign reserves are in negative since 2018 with or without IMF.
Good. Chinese had been foolish thinking they can invest in Pakistan in USD and get returns in USD plus interest. It doesn't work that way. Pakistan's exports haven't grown much since 2010, so why the hell Chinese invested so much money in non-export sector to begin with? What are they going to do with returns in PKR?
Wrong it 2011 Pakistan export was 31 billion dollar and it PPP era and at same rate of Taka.
Yet Imran Khan is responsible
