This will be the last time Pakistan approaches IMF | Asad Umar addresses stock exchange brokers

[zeroboy]

 

[maithil]

So will Pakistan approach IMF or, not ?

 

[Menace2Society]

So will Pakistan approach IMF or, not ?

Most likely. I don't think any country will step in. Pakistan has to learn the hard way.

 

[Jf Thunder]

I see, so lying again?

 

[wali87]

Yea Right, as if your going to be in power for Eternity. The next government is going to say the same thing after taking twice the loan your taking.

 

[Maxpane]

Best part

 

[crankthatskunk]

Asad Umer has wasted valuable time since taking oath. His first step after taking oath should have been ban on non-essential imports and putting tariffs on others to curb imports.
He has done it now, which is first step towards tightening the belt.
The trade deficit should have been the first priority from hour 0. Pakistan cannot live like this anymore.
$18 bn trade deficit is daft for a country like Pakistan. Exports would take time to improve. Curbing the imports is and should be the first target. The third equation in the trade deficit are remittances, which are showing improvements. These two dimensions would decrease the trade deficit in short run. In the long run whole strategy has to change. Dar has brought Pakistan near to complete disaster.

 

[Pakistani Aircraft]

Most likely. I don't think any country will step in. Pakistan has to learn the hard way.

Going to the IMF for the 22nd time is not learning, just repeating.

 

[shah_123]

very funny .......... ha'ha'

 

[AZ1]

I think he could be right. $20 billion is not that.much even US walmart earn more than this . If we have right policies we can surely come out.from IMF.

 

[Clutch]

I highly doubt this... Unless Pakistan discovers a huge gold, oil deposit or some other highly valuable resource in the near future... It's at IMF teats we shall suck forever.

 

[AZ1]

I highly doubt this... Unless Pakistan discovers a huge gold, oil deposit or some other highly valuable resource in the near future... It's at IMF teats we shall suck forever.

Dont we have huge gold already waiting to be extracted?

 

[Clutch]

Dont we have huge gold already waiting to be extracted?

I am not aware of its reserves total value. Plus it depends on how we treat any resource. Are we giving it all away for pennies to the mining company or is this a nationalized resource???

 

[valkyr_96]

I am not aware of its reserves total value. Plus it depends on how we treat any resource. Are we giving it all away for pennies to the mining company or is this a nationalized resource???

given away for pennies plus it will be taken out of Pakistan for refinement.....so barely no effect on economy except slave labour

 

[Chakar The Great]

Asad Umer has wasted valuable time since taking oath. His first step after taking oath should have been ban on non-essential imports and putting tariffs on others to curb imports.
He has done it now, which is first step towards tightening the belt.
The trade deficit should have been the first priority from hour 0. Pakistan cannot live like this anymore.
$18 bn trade deficit is daft for a country like Pakistan. Exports would take time to improve. Curbing the imports is and should be the first target. The third equation in the trade deficit are remittances, which are showing improvements. These two dimensions would decrease the trade deficit in short run. In the long run whole strategy has to change. Dar has brought Pakistan near to complete disaster.

Do you know what are the major imports of Pakistan?? If you had done some homework before coming here you would know where the exact problems is.

I dont understand how people expect miracles over night , it will take atleast 3 years before things are back on track.

As far as Asad's claim goes,