What alternative realistic choices Pakistan has if they do not want IMF?

Doom1111

Minister (2k+ posts)
What alternative realistic choices Pakistan has if they do not want IMF?

It is clear that Pakistan is avoiding IMF conditions ,however, does our government has any alternative plan how to get funds for 10.5 billion dollar debt payment?

Yes PTI government did a good job in controlling imports and Remittance and RDA. However, CDS is rising, which was one the main reason IMF give us harsher conditions in 2019 compare to 2018.

IMF is not only about Loan it is also about credit rating as well ,which helps us to get loans on out term and issue bonds at cheaper rates.

I think personally that PM will make Hammad Azhar again FM in September early because due IHC rule Shaukat Tarin can only be giving powers for 6 months and PM it self will be not interested in him to give more due to that it is not in Pakistan interest to leave IMF program prematurely.


Another breather factor that may be Shaukat Tarin will relaying is on is IMF SDR allocation in late August ,which is amounted to 2.8 billion, which will give a massive boost to reserve but not rupee because it is directly given SBP and it is not a transaction through inter bank.

Inshallah Pakistan will have reserve up to 29 billion dollar in late August ,however, it will not make rupee stable because investor will be kept away from rupee invest like Government securities and debts investment ,which has a direct link with Inter Bank.

It is clear that we will adopt IMF approach because CAD is booming, Rupee is sliding, investors are taking their money out from PSX, and rupee is being made less attractive due to CDS.

My only worry is that IMF does not put more harsh conditions like 2019 when we tried to avoided IMF in 2018 ,which was less harsh condition. It is not question of if and it is question when we will apply the conditions because stability is more important at the moment and yes it will bring inflation.


In my point of view, Pakistan trying hard to get a leverage over Afghanistan issue ,however, I hope and Insallah Pakistan gets leverage, waiver, debt relief it wants. However, i do not think we any choice accept IMF. We have tried it in 2018 and failed badly and we cannot go in that direction and get more harsh condition due to delay IMF program.
 
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Fawad Javed

Minister (2k+ posts)
What alternative realistic choices Pakistan has if they do not want IMF?

It is clear that Pakistan is avoiding IMF conditions ,however, does our government has any alternative plan how to get funds for 10.5 billion dollar debt payment?

Yes PTI government did a good job in controlling imports and Remittance and RDA. However, CDS is rising, which was one the main reason IMF give us harsher conditions in 2019 compare to 2018.

IMF is not only about Loan it is also about credit rating as well ,which helps us to get loans on out term and issue bonds at cheaper rates.

I think personally that PM will make Hammad Azhar again FM in September early because due IHC rule Shaukat Tarin can only be giving powers for 6 months and PM it self will be not interested in him to give more due to that it is not in Pakistan interest to leave IMF program prematurely.


Another breather factor that may be Shaukat Tarin will relaying is on is IMF SDR allocation in late August ,which is amounted to 2.8 billion, which will give a massive boost to reserve but not rupee because it is directly given SBP and it is not a transaction through inter bank.

Inshallah Pakistan will have reserve up to 29 billion dollar in late August ,however, it will not make rupee stable because investor will be kept away from rupee invest like Government securities and debts investment ,which has a direct link with Inter Bank.

It is clear that we will adopt IMF approach because CAD is booming, Rupee is sliding, investors are taking their money out from PSX, and rupee is being made less attractive due to CDS.

My only worry is that IMF does not put more harsh conditions like 2019 when we tried to avoided IMF in 2018 ,which was less harsh condition. It is not question of if and it is question when we will apply the conditions because stability is more important at the moment and yes it will bring inflation.


In my point of view, Pakistan trying hard to get a leverage over Afghanistan issue ,however, I hope and Insallah Pakistan gets leverage, waiver, debt relief it wants. However, i do not think we any choice accept IMF. We have tried it in 2018 and failed badly and we cannot go in that direction and get more harsh condition due to delay IMF program.
Long term solution is increasing exports (Tourism, IT, agriculture, etc)

If Establishment and IK are serious about fixing Pakistan then there is only one solution called "truth and reconciliation"
give NRO to all looters in exchange for money and don't disclose their name this should be done across the board Politicians from all parties, Judges, Bureaucrats, etc. Use this money to get rid of IMF (munnah pay marien us kay paisay) Establishment should start with retired army officers. The current justice system is incapable of punishing all these crooks because there is corruption everywhere.
 

arifkarim

Prime Minister (20k+ posts)
In my point of view, Pakistan trying hard to get a leverage over Afghanistan issue ,however, I hope and Insallah Pakistan gets leverage, waiver, debt relief it wants. However, i do not think we any choice accept IMF. We have tried it in 2018 and failed badly and we cannot go in that direction and get more harsh condition due to delay IMF program.
The solution to Pakistan's perpetual debt problem is not waivers as we got in the past but to enforce policies that bring down total debt to gdp over time. Since Musharraf Pakistan's debt to gdp has only increased, slightly decreased under PTI govt.
 

arifkarim

Prime Minister (20k+ posts)
Long term solution is increasing exports (Tourism, IT, agriculture, etc)

If Establishment and IK are serious about fixing Pakistan then there is only one solution called "truth and reconciliation"
give NRO to all looters in exchange for money and don't disclose their name this should be done across the board Politicians from all parties, Judges, Bureaucrats, etc. Use this money to get rid of IMF (munnah pay marien us kay paisay) Establishment should start with retired army officers. The current justice system is incapable of punishing all these crooks because there is corruption everywhere.
Khota Biryani spotted. Musharraf gave across the board NRO in 2007. Pakistan has been in debt trap ever since.
 

Doom1111

Minister (2k+ posts)
The solution to Pakistan's perpetual debt problem is not waivers as we got in the past but to enforce policies that bring down total debt to gdp over time. Since Musharraf Pakistan's debt to gdp has only increased, slightly decreased under PTI govt.
My worry is that in Oct we have to pay 1 billion of euro bond. How we will pay that?

It is will be major major setback if it is paid by Reserves not by other source of credit like China, Euro bonds or Commercial bank
 

Fawad Javed

Minister (2k+ posts)
Khota Biryani spotted. Musharraf gave across the board NRO in 2007. Pakistan has been in debt trap ever since.
Idiot, it was free NRO the one I am talking about is in exchange for money and that money should be used to get rid of IMF, building damns, infrastructure and giving relief to poor people.

A duffer like you will always remain a duffer

Nawaz, Zardari, Shahbaaz, Maryam (app ke baaji), Rana Sana, Khawaja brothers, you name it no one is in jail so what's the benefit of this so-called accountability?
 

arifkarim

Prime Minister (20k+ posts)
Nawaz, Zardari, Shahbaaz, Maryam (app ke baaji), Rana Sana, Khawaja brothers, you name it no one is in jail so what's the benefit of this so-called accountability?
Is this govt fault? NAB and courts are independent of the govt