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I am just an observer and know little of the internal churn process for Pakistan.
But to me there is a limit threshold (for insulation/extreme autarky) if one has deployed large sensory network externally and is also quite reliant on it for lot of bread/butter stuff. It would need a huge amount of energy invested (over considerable period of time) to undo the current momentum framework....that I am sure the forces that be (inside Pakistan) would rather invest other places first (if their continued intent is more status quo) to begin with given economy of effort. Whereas you look at North Korea and they have neither a tier-1 country (forget multiple ones by virtue of shared colonial history and elite common language etc) to deploy their emigrants to for decades...nor do they have a close-by labour-pull source replete with oil money like GCC-Pakistan relationship. Thus they have a very different scale of autarky all together complete with monolith personal dynasty/godhead running it (unthinkable to Pakistani culture in broad terms given the broader faith structure in Pakistan that vests itself above all human imperfection). As to what scale of that Pakistan can achieve...I dunno, depends how you measure it I suppose...lets see. I think Pakistan can reform and get out of this mess if it put its mind to it....rather than face revolution or extreme regression.
BTW what would you say are the traditional axes anyway? I just did a long winded dimensional analysis with an associate of mine purely for debate exercise...and I was surprised by my own clarity of thought on the matter (what dimensions even are) more broadly.
The core problems with the economy is the massive deficit, which is eating away at Pakistan's potential. Why does it exist? Terrible tax policies, poorly thought out subsidies, a lack of focus on exports, and extremely poorly thought out trade agreements...among other major issues, such as the energy issues, which still haven't been properly resolved yet, and are going to get worse within the next 10 years.In start IMF programs in Pakistan were of a year and then they started to go long term. Now about reforms. Reforms have been implented or not is a different issue that we will discuss later first tell me what the core problem with Pakistan's evonomy?
imf is like a bank. if the debtors do not pay back the bank the bank has no moneyEh, it depends on the leadership, and political will. The IMF always does a risk assessment, before handing out loans.
It's also a financial institution meant to give lower income nations an opportunity to build up their economies. It's not as profit driven as you may think. To treat it like a normal bank is not wise.imf is like a bank. if the debtors do not pay back the bank the bank has no money
It's also a financial institution meant to give lower income nations an opportunity to build up their economies. It's not as profit driven as you may think. To treat it like a normal bank is not wise.
Lol, we, Pakistanis, are so used to of disobeying, that your post didn't surprise me...no offense. Internationally things doesn't work this way. Pakistan does that and then get dragged in international courts, and instead paying most likely 3 times what it should pay now. Plus the reputation, nobody is going to lend you money after this.
Besides, who elected those leaders? I bet after a decade Pakistanis will be blaming "army" of installing IK govt. There is always a bogeyman.