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Thats actually good news. I request the overseas members here to write to IMF and other officials and request them not to give money to these corrupt morons. Mass emails and letters will make them realize what a shithole this govt is.
This is like a prostitute threatening to jump into a well if not paid.no one will let pakistan default in the end
pakistan has nuclear weapons and world cannot afford losing control of nuclear stockpiles anywhere
That might actually work …
While western gov may not help , western institutions might.
Essentially I see two ways of dislodging this rogue army ..
1) internal ie an group of army generals lead a coup .. unlikely as Bajwa loyalist are all around. Then this is Pakistan and we have a history of loyalists backstabbing
2) the economy… this is our underbelly many great empires have collapsed. Two main sources that keep Pakistan alive one overseas Pakistanis that 90% hate this military junta , second IMF and friendly Rich Arab countries.
Rich Arab countries won’t bail us out bcos they know what is going on, plus they most Pakistanis in Middle East hate this imported set up. They won’t help period as they have nothing to gain.
Overseas Pakistanis this one is tough unless they some how circumvent the official channels not much can be done. The only help here is no new investments can come particularly of buying over priced DHA houses
IMF - they are already sensitive to what is going on and further pressure from overseas Pakistani would help.
Australian Pakistanis already made thier impact in their senate hearing of foriegn affairs
This is like a prostitute threatening to jump into a well if not paid.
Pakistanis have no sense of dignity, that is why I said the country should default.
That is the most logical path forward. No amount of haggling over a billion or two will save the day. Pakistan is a large country, and its funding needs are enormous. It needs at least $20 billion to prime the pump and bring even a flicker of normalcy into the economy. Realistically, at least $100 billion to put anything towards development - infrastructure, health, education, food security, flood protection etc., There isn't that kind of liquidity floating around after Covid and Ukraine war. So, the best one can hope for is a combination of inflation and economic stagnation.The Chinese at best will just roll over the previous loans.
There are a few more loans that are reaching maturity. If one of those loans are not rolled over then get ready for more inflation and devaluation.
Looks like an extended period of 0 imports and 0 exports and 0 growth.