Wednesday, December 11, 2019 | 13 Rabiulakhir, 1441
Why Pakistan goes to IMF every few years?
Every few years, Pakistan has to take a loan from the IMF and people are left wondering if it is good or bad, and what does it mean. In this short video, SAMAA Digital explains why Pakistan has been going to IMF and whether it’s a debt trap or not.Watch more Samaa Originals on our YouTube channel or Facebook
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Pak Mna’s, Mpa’s, Senators, & Lords(feudal, industrial, etc) majority Corrupt/Criminals. They Rip banks, do not pay taxes, cheat, & Lie in media. Also media owners mostly corrupt. They all only 5% But control 95% Pak wealth. Pak working class(90%) have to pay taxes. Therefore Govt Broke & gets loans from imf. Working class pays back to imf while 5% upper crust of Pak lives like princes. Shameful.
It’s never late to turn around and make some changes. Lending comes with the does n don’t and it affects the sovereignty as well. Running to China will be huge mistake as China will pressure for 99 years lease. Local government needs to attract foreign investment, try to create some jobs for the local which will accumulate the revenue. No point in investing into the arms and military expansion. Pakistan has educated and well trained work force so it’s a time to make the use of them.
If it is a trap, don’t get into that.
Fundamentals are all wrong. Soaring populations increasing by 4m a year. The one million extra homes assuming you could build one for say 25000 dollars would alone cost 20b !!
Women can’t go out to work and savings rate are low. China also has a ten billion dollar non CPEC related trade surplus with Pakistan which is killing Pakistani industry and the IMF is being told to fund that putting a Pakistan even more into debt . China must be told to buy ten billion dollar more from Pakistan.
India has a fifty billion trade deficit with China, hence no jobs.
Pakistan has long term plan ans has nothing to offer to overcome the present economic turmoil. It will continue have trade deficit that will, with interest burden, take the debt to $250-275 billion. Pakistan is a small economy. Cannot sustain the burden and will set to collapse. IMF loan is just a short term life line. The only solution is to go for 20+ year loan structuring backed by cutting to half of military expenses and have accountable Government. But when the population can be easily emotionally fooled, these things are difficult. Even a Modi in Pakistan cannot help. As an Indian I would like to see a prosperous and educated Pakistan. It will reduce problems for India a lot.
We have to go for IMF..
اگر ملک میں واقعی بحران ھے تو تمام MPAs MNAs CM اور PM کی تنخواہ عام مزدور کیطرح 16000ہزار کی جائے.پاکستانی عوام
Ready to high prices and more worst situation and inflation rates
Dollar is being hijacked after the deal
No one control the prices