Shaukat Taren said today that Economy is on negative side and we have to renegotiate with IMF. He said what Hafez sheik negotiate was a very bad deal.
Shaukat Taren said today that Economy is on negative side
- Thread starter Doom1111
- Start date
He said that today again Hafeez Sheik purposely made a bad deal with IMF and chocked the entire economy and buying power of people. He said IMF is giving everyone relief but not Pakistan why?
He said only 1st year of IMF is hard but if we go by IMF track than Inflation will be worst than 2018-2020 in 2021 due to that we have to hike electricity tariff by 5 rupee ,which is very unfair.
arifkarim
Prime Minister (20k+ posts)
Stop lying. Price hike of electricity is due to IPP contracts signed by previous govts. It has nothing to do with IMF.
Pakistan to seek debt restructuring of CPEC power projects | The Express Tribune
SAPM says move will eliminate need for increasing power tariff by Rs1.50 per unit
kakamuna420
Chief Minister (5k+ posts)
yes, when you want to take loan from a bank, you need to put your underwear as collateral tooStop lying. Price hike of electricity is due to IPP contracts signed by previous govts. It has nothing to do with IMF.
Pakistan to seek debt restructuring of CPEC power projects | The Express Tribune
SAPM says move will eliminate need for increasing power tariff by Rs1.50 per unittribune.com.pk
Jazbaati
Minister (2k+ posts)
Stop lying. Price hike of electricity is due to IPP contracts signed by previous govts. It has nothing to do with IMF.
Pakistan to seek debt restructuring of CPEC power projects | The Express Tribune
SAPM says move will eliminate need for increasing power tariff by Rs1.50 per unit
Sad thing is that alot of the current problems are due to the previous Government but PTI will get blamed for it.
AhmadSaleem264
Minister (2k+ posts)
IMF is not wrong. IMF asked you to increase taxes and prices and decrease imports to curtail circular debt and fiscal deficit. It is our own fault not of IMF
I disagree with him that economy is bad. In fact I think pakistan economy is stable now.
However, I agree with him about renegotiating the IMF deal. Given that pakistani economy is now stable, we have more wiggle room. In fact, I think if we prolong the negotiations for 6 months, we may not even need IMF. This is because our current account is in surplus and we have inflows coming in through Roshan digital account of about $200Mil per month which is over $2 billion per year. Why the hell we need IMF loan for?
However, I agree with him about renegotiating the IMF deal. Given that pakistani economy is now stable, we have more wiggle room. In fact, I think if we prolong the negotiations for 6 months, we may not even need IMF. This is because our current account is in surplus and we have inflows coming in through Roshan digital account of about $200Mil per month which is over $2 billion per year. Why the hell we need IMF loan for?
JunaidMarwat
MPA (400+ posts)
All this time we were fed this by Kamran Khan that everything was hunky dory lol. One can't run a small shop like this let alone them running a country.
how we will pay 10 billion next fiscal year. IMF program is only required for BOP and paying out loan ,which you can default on.
He did not say IMF wrong. He said in Kamran show that Hafeez made a very bad deal and our ecnonmy will further choke if go by IMF rules. He said Hafeez made all burden on first go of IMF ,however, deal is with IMF for 3 year not 3 months.
arifkarim
Prime Minister (20k+ posts)
That's why you should use your own brain instead of brainless anchors
arifkarim
Prime Minister (20k+ posts)
By taking more loans of course
More interest and more burden. IMF give loan on 1% term.
arifkarim
Prime Minister (20k+ posts)
If deal is so bad, how come forex, exports, current account all going up?
10 billion is to be paid over 12 months not in a single tranche. As i mentioned RDA is averaging 2.5 billion per year. That leaves us with 7.5 billion. Pakistans foreign reserves are over $23 billiom right now so 7-8 billion can be managed as long as current account remains balanced. As of 31st March 2021 current account is approx $1 billion surplus!
kakamuna420
Chief Minister (5k+ posts)
I support Imran but when he all the time pampers sbp's interest based programs than I fear Allah will .....
Curious_Mind
Senator (1k+ posts)
کس چ کو وزیر بنا دیا ہے؟
یہ سب ایک دوسرے کو نیچا دکھانے کے چکر میں عمران خان کے لہسن لگا رہے ہیں۔
back to the future
Chief Minister (5k+ posts)
it is not IMF but IPP rates that are killing pakistan and circular debt is now out of control
How foreign debt can be repaid only if exports surplus and fiscal profit more revenue than debt
Till now we are paying debts from more money borrowed resulting in increase in foreign debt.
How foreign debt can be repaid only if exports surplus and fiscal profit more revenue than debt
Till now we are paying debts from more money borrowed resulting in increase in foreign debt.
