@AsifAmeer It would be even better if they stop meeting IMF and we can stop relying on IMF/world bank ...
I do agree with you that these people have almost no stakes and reminds of Shortcut Aziz .. a citibank employee whose rise to fame was astounding .. Such is our country ..
One could argue that we need $$ to survive and for development. However, brutal reality is that this $ is only used for the 1% elite. Thus, in my opinion common man or awaam will not be affected as much as the elite - IF we give three 'talaaqs' to IMF and world bank.
Yaar reality is a bit more complicated and unforgiving. Fact is, every single Pakistani.. from rich to the poor, generally everyone is a shortcut. This mentality has destroyed the country.
Mein ye nahi keh raha that this time of people arent in the US or the West. Hain! lekin they arent the majority.
About Dollar. Here's the backbone of the issue. Every economy needs energy to grow. theek? Energy is priced in dollars, hence PetroDollar.
Suppose Pakistan kicks out IMF and defaults on its International payments, imports will STOP. Know what that means? No Oil import. No Medicine/Medical equipment import. No Machinery import. No Cattle import. No food import. No Cooking import. I mean the list is just HUGE. Imagine the affect of prices in the local market for these things when they stop coming to the market... This Govt, as a matter of fact, no Govt would be able to stand the hungry crowd on the streets. Pakistan would instantly disintegrate.
Agree with most of what you say bro. However, I am sure there are ways to circumvent. For example, Pakistan as a nation must plan on steps to get rid of IMF + Worldbank. We don't have to part ways with them immediately but there needs to be a plan on how to grow exports, making our country easier to do business with and our country should really look at the services sector.
Just look at Singapore - they have no natural resources but thanks to the services sector they have developed they have really progressed.
Ofcourse the first thing to get all of the above will be to have a proper govt - enough of zardaris, sharifs, altafs .. and then our bureacracy has to step up the game too.
I do feel I am asking for too much but borrowing and borrowing just doesn't work. We are at what 70+ Bn dollars in debt today ... clearly we don't want to reach 700+ bn dollars ... instead plans must be in place to bring this down to 35 bn then 3.5 bn ...
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