IMF says Pakistan ready to go it alone when programme ends

[amir_ali]

LONDON: Pakistan will be ready to go it alone when its $6.7 billion three-year International Monetary Fund programme ends in September, a senior fund official said on Wednesday.

Masood Ahmed, director of the IMF’s Middle East and Central Asia department, told Reuters substantial progress had been made in repairing Pakistan’s economy and that Islamabad was right to be saying is does not need another package.

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“I think that is a very sensible approach at this stage,” Ahmed said. “They have built up their reserves, they have halved their budget deficit, their growth rate is pretty much the highest of all the countries in the region broadly defined.”

“Therefore they have completed to a large measure the stabilisation agenda that this programme was supporting.”

A total of $1.1 billion of the $6.7 billion package is due to be disbursed before the programme ends in September.

This year has seen some behind-the-scenes grumbling from IMF officials when the government shelved plans to privatise its main power companies.

This month it also switched away from privatising Pakistan International Airlines (PIA) but with growth expected to be 4.5 percent this year, neither have caused enough alarm for a formal IMF rebuke for Islamabad.

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“The next phase (once the programme ends) is to continue with the reforms that they have on structural measures that will sustainably raise their growth rate and particularly raise their exports,” said Ahmed.

“The current level of exports they have, which is about $25 billion, for an economy of over $280 billion it needs to be double that.”



http://tribune.com.pk/story/1093530/imf-says-pakistan-ready-to-go-it-alone-when-programme-ends/

 

[HORUS]

Thank you IMF for funding Sharif family's offshore companies

 

[arafay]

Ok mark this post. Pakistan will need another loan within 12 months. The only reason pakistan is surviving now is because of low oil prices. Whenever oil prices get back to 80-120 mark you pakistan's reserves will evaporate because current account deficit is at a dangerously high level.

 

[jee_nee_us]

So how exactly is pakistani going without foreign fund?

There has been no industrialization and no jobs created in the last three years. Even agriculture is suffering , a lot of promises were made during the jkt election but no fulfilment. Our country is in a stale state where only roads are being builtn, education health and general welfare of people are being ignored by the government.

 

[Admiral]

http://www.emirates247.com/business/embarrassing-and-brutal-imf-gives-dressing-down-to-pakistan-official-2016-02-04-1.619850

http://www.reuters.com/article/pakistan-imf-idUSKCN0VD0E0

And this last episode was given after a "bailout" review :
http://tribune.com.pk/story/1040145/pakistan-shelves-plan-to-privatise-power-firms-angering-imf-sources/

 

[Talwar Gujjar]

Bad day for burger trash. Matam shrouh. Some are yearning for oil prices to go up to put pressure on Pakistan. I hope it does not happen and Pakistan continues its march towards prosperity under Nawaz Sharif leadership.

 

[amir_ali]

http://www.emirates247.com/business/embarrassing-and-brutal-imf-gives-dressing-down-to-pakistan-official-2016-02-04-1.619850

http://www.reuters.com/article/pakistan-imf-idUSKCN0VD0E0

And this last episode was given after a "bailout" review :
http://tribune.com.pk/story/1040145/pakistan-shelves-plan-to-privatise-power-firms-angering-imf-sources/

کل کی نہیں، آج کی بات کرو، [FONT=Open Sans, arial, sans-serif]4 فروری اور آج میں فرق ہے۔[/FONT]

 

[Admiral]

کل کی نہیں، آج کی بات کرو، 4 فروری اور آج میں فرق ہے۔

ڈھائی مہینوں میں ایسا کون سا قارون کا خزانہ ہاتھ لگ گیا ہے حکومت کے، جس کی وجہ سے آئی۔ایم۔ایف تالیاں بجانے پر مجبور ہو گیا ہے؟؟
آئی۔ایم۔ایف دنیا کے سامنے یہ نہیں کہ سکتا کہ ہم نے تقریباََ سات ارب ڈالر قرضہ دیا، لیکن پاکستان کی حالت میں کوئی سدھار نہیں آیا ۔ ۔آئی۔ایم۔ایف کی اپنی ناک کا مسئلہ ہے۔ اس لیے پورا سچ نہیں بول رہے۔
بزنس کی زبان میں آئی۔ایم۔ایف کی اس سٹیٹمنٹ کا مطلب ہے کہ بس ہو گئی، مزید کوئی ادھار نہیں ملے گا۔

 

[360turn]

Wake up Pakistan administration - what about when oil prices come back - how will aam admi pay for his petrol on daily basis ?? Wake up!

 

[amir_ali]

ڈھائی مہینوں میں ایسا کون سا قارون کا خزانہ ہاتھ لگ گیا ہے حکومت کے، جس کی وجہ سے آئی۔ایم۔ایف تالیاں بجانے پر مجبور ہو گیا ہے؟؟
آئی۔ایم۔ایف دنیا کے سامنے یہ نہیں کہ سکتا کہ ہم نے تقریباََ سات ارب ڈالر قرضہ دیا، لیکن پاکستان کی حالت میں کوئی سدھار نہیں آیا ۔ ۔آئی۔ایم۔ایف کی اپنی ناک کا مسئلہ ہے۔ اس لیے پورا سچ نہیں بول رہے۔
بزنس کی زبان میں آئی۔ایم۔ایف کی اس سٹیٹمنٹ کا مطلب ہے کہ بس ہو گئی، مزید کوئی ادھار نہیں ملے گا۔

یہ ان سے دریافت کریں، کہ کون سا بیان ٹھیک ہے