FM said directly to IMF that our CAD will be 2.3 billion dollar this FY

Desprado

Minister (2k+ posts)
Yeah Lou you are making lots of Hue and cry here. Look IMF loans comes with strict conditions. read this article on sri lanka

That would help the country to rely on its own resources instead of foreign borrowing, the Central Bank of Sri Lanka said in a statement Feb. 23. The steps will strengthen Sri Lanka’s credit profile, enhance exchange rate stability, and improve the resilience of the economy, it said.

What these measures also do are to help fend off interference from the IMF, whose aid comes with strict conditions — one of the reasons that prompted Malaysia’s then premier Mahathir Mohamad to shun aid fro ..

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst








The only reason they are not going to IMF program is that they will have to commit to the program for 5 years at least and devalue currency to 300 against dollar.
 

Wake Up Pakistan

Chief Minister (5k+ posts)
Sir when you complete IMF program than only it will be converted into 20 years debt. Look at Argentina ended IMF program and their 42 billion IMF liabilities freezed and same as Sri Lanka.

We have to take hard pill for 1.5 years more so that we end IMF program we will have at least 40 billion reserve.
The Restrictions and conditions comes with IMF program u know what will happen then. We have showed our last year results even IMF did not predict that.

now If they ask us to bring more Taxes what's the point> Pakistan problem is not Tax in %. our Issue is Tax Collection. IMF know it very well. They just want to squeezed you out.

I believe program is not halted neither freeze. Talks going on
 

Wake Up Pakistan

Chief Minister (5k+ posts)








The only reason they are not going to IMF program is that they will have to commit to the program for 5 years at least and devalue currency to 300 against dollar.
They will go back to IMF same results more economic strict conditions no growth in economy more taxes. I believe IMF is just a debt trap. its better to stop Luxury Imports. China can bail them out. Its not a big issues.
 

Desprado

Minister (2k+ posts)
The Restrictions and conditions comes with IMF program u know what will happen then. We have showed our last year results even IMF did not predict that.

now If they ask us to bring more Taxes what's the point> Pakistan problem is not Tax in %. our Issue is Tax Collection. IMF know it very well. They just want to squeezed you out.

I believe program is not halted neither freeze. Talks going on
Sir October is the last date due to 1.5 year program is already paused and program it self is only 3 years.
 

Will_Bite

Chief Minister (5k+ posts)
Am amazed at the number of Phd Economists on this forum.
Some people are taking the "Chief Minister" and "Minister' tag on users way too seriously.

Why not just turn siasat.pk into Pak cabinet?
 

Wake Up Pakistan

Chief Minister (5k+ posts)
Sir October is the last date due to 1.5 year program is already paused and program it self is only 3 years.
everything all over the world on paused due to Pandemic. u need to understand. All countries still stuck due to Covid-19. I think its fair excuse
 

Wake Up Pakistan

Chief Minister (5k+ posts)
Am amazed at the number of Phd Economists on this forum.
Some people are taking the "Chief Minister" and "Minister' tag on users way too seriously.

Why not just turn siasat.pk into Pak cabinet?
Desprado ko Finance minister bana dou. He will sell Pakistan to IMF
 
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