Pakistan may not go for IMF bailout package:

[Shahzaz ud din]

Pakistan may not go for IMF bailout package: Sources
25 Nov, 2018

• ISLAMABAD – Pakistan may not go for IMF bailout package, sources have revealed.

Economic Coordination Committee have on Sunday voted against approaching International Monetary Fund (IMF) for bailout package.

As per details garnered, Finance Minister Asad Umar briefed attendants on conditions tabled by the international monetary body.

While terming IMF’s conditions ‘harsh’, the attendants warned that economic woes of Pakistan could worsen further after taking bailout.

On the other hand, Prime Minister (PM) Imran Khan has also directed ministry of finance to devise ‘Plan-B’.

 

[maximuswarrior]

Now that is welcome news if true. That is going to put an end to Western/Indian speculation. Both are still under the illusion that Pakistan can somehow be bullied into submission through IMF.

The government must work very hard to avail trade opportunities. Approach friendly nations to increase trade volumes in every sector imaginable. Approach KSA and China for investment opportunities. Also look at Africa, Asia, South America among new places for trade opportunities.

Also, start investing massively in the education sector. Pakistan needs to have a better education system which can support a knowledge based economy. Pakistan must seek Chinese expertise and experience for improving the education system. China is today at its peak due to a healthy education system.

 

[Shahzaz ud din]

We Don't Need IMF Package At Any Cost- Fawad Chaudhry

https://www.facebook.com/

 

[RangeMaster]

PM Khan is trying his best to avoid IMF. Lot of harsh decisions can be avoided if he succeed in his efforts. Once on the right track, this country can do wonders. May Allah grant him with success.

 

[Laozi]

Finance Minister Asad Umar briefed attendants on conditions tabled by the international monetary body.

While terming IMF’s conditions ‘harsh’, the attendants warned that economic woes of Pakistan could worsen further after taking bailout.

Pakistan finds it hard to make public the conditions tabled by IMF

Rupee had been devalued, power tariffs have already been increased

Only thing left is CPEC agreement details !!!

On the other hand, Prime Minister (PM) Imran Khan has also directed ministry of finance to devise ‘Plan-B’.

Shouldn't Plan B have been devised before kicking IMF out ?

 

[Hakikat ve Hikmet]

Now that is welcome news if true. That is going to put an end to Western/Indian speculation. Both are still under the illusion that Pakistan can somehow be bullied into submission through IMF.

The government must work very hard to avail trade opportunities. Approach friendly nations to increase trade volumes in every sector imaginable. Approach KSA and China for investment opportunities. Also look at Africa, Asia, South America among new places for trade opportunities.

Also, start investing massively in the education sector. Pakistan needs to have a better education system which can support a knowledge based economy. Pakistan must seek Chinese expertise and experience for improving the education system. China is today at its peak due to a healthy education system.

Hence, the attack on the Chinese consulate in Karachi!! They're getting frustrated!!! Sheyatin have all the cunningness, shrewdness, fraud, treachery etc. of the world, but not Sabr and Shukr...

 

[Pan-Islamic-Pakistan]

Avoid IMF at all costs.

Solution is to make a stronger push to get back looted wealth, and if we can’t get it from overseas immediately, confiscate the wealth of these crooks in Pakistan and seize their mansions.

 

[BHarwana]

We are not going to IMF I have told you this many times.

 

[ziaulislam]

Now that is welcome news if true. That is going to put an end to Western/Indian speculation. Both are still under the illusion that Pakistan can somehow be bullied into submission through IMF.

The government must work very hard to avail trade opportunities. Approach friendly nations to increase trade volumes in every sector imaginable. Approach KSA and China for investment opportunities. Also look at Africa, Asia, South America among new places for trade opportunities.

Also, start investing massively in the education sector. Pakistan needs to have a better education system which can support a knowledge based economy. Pakistan must seek Chinese expertise and experience for improving the education system. China is today at its peak due to a healthy education system.

its simply huge adjustment that is needed..we talking about over 3trillion rupees deficit...
We have 1200 billion rupees of monetary policy (note printing ) 1450 billion rupees of eneegu deficit and atleast 1.6(500billion rupees) of gdp adjustment to brig fiscal deficit from 6.6 to 4.9

So Pakistan needs tax revamp and foreign investment to counter the lost of govt funding
It needs atleast additional trillion rupees of tax measures..

IMF is thus demanding govt to get to 47000 billion rupees but govt cant get there and want 43000 billion as target..

So IMF wants 20% general sales tax and huge surcharges to recover power losses as soon as possible

Basically its asking to zero development till all debts are paid

IMO..basic issue is tax revamp..if FBR fails asad umar fails and IK fails

We are not going to IMF I have told you this many times.

Yeah you can now that we got not only a 12b pacakage from saudis but also a sudden 25% drop in oil prices

 

[Yaseen1]

It is good decision if we manage to avoid imf

 

[Skull and Bones]

The need for IMF is redundant, as they have already gathered breathing space by getting Aid from friendly countries.

 

[BHarwana]

Yeah you can now that we got not only a 12b pacakage from saudis but also a sudden 25% drop in oil prices

I told this when we had nothing that we are not going to IMF. Whole forum disagreed but do you believe me now or we should wait more?

We never needed IMF

 

[GumNaam]

explains why uncle sam et al are so upset...

 

[ziaulislam]

I told this when we had nothing that we are not going to IMF. Whole forum disagreed but do you believe me now or we should wait more?

It will depend upon IMF demands, oil prices and what we hear from UAE. In long run it will depend how much tax revamp , fiscal adjustment and CAD (export/remittance ) are done

Whole forum didnt had inside info on saudi as you had. since when has saudi ever helped us this much..its shocking that they agreed for such big bail out package

Than who knew trump will create an artificial glut in oil prices by lying about iran sanctions

 

[BHarwana]

It will depend upon IMF demands, oil prices and what we hear from UAE. In long run it will depend how much tax revamp , fiscal adjustment and CAD (export/remittance ) are done

Whole forum didnt had inside info on saudi as you had. since when has saudi ever helped us this much..its shocking that they agreed for such big bail out package

I had no info just a trust in old ally.

And we did not went to IMF because of someone else.