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Pakistan and the IMF: ‘We are being blackmailed’

June 4, 2019
Listen to economist Kaiser Bengali shred decision-making



Since 1950, Pakistan has gone to the IMF 21 times. This year we signed up for a $6b bailout. Should Pakistan have gone to the IMF?

Listen to one of Pakistan’s most well-respected and critical economists Kaiser Bengali answer this question. He was speaking at a panel discussion, IMF & the Economic Future of Pakistan, on Sunday, June 2, at Karachi’s T2F moderated by Dawn’s Khurram Husain with former finance minister Asad Umar and political economy academic Dr Akbar Zaidi.

Video courtesy: T2F
 
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10 Comments

  1. Avatar
    Hanif   June 4, 2019 5:28 pm/ Reply

    Beggars cannot be choosers

  2. Avatar
    M Azam   June 4, 2019 9:08 pm/ Reply

    May Allah swt grant Pakistan all the Rahman and success and bestow his mercy upon to unite the summat e muslimah ,ameen .

  3. Avatar
    Aamir   June 5, 2019 7:00 pm/ Reply

    declare bankruptcy.
    tell IMF to take a hike
    problem solved!

  4. Avatar
    Sunil Burman   June 6, 2019 5:49 am/ Reply

    Pakistan needs to shun enimity with India and concentrate on trade with India. India will help Pakistan to negotiate all it’s economic voes.

  5. Avatar
    Prof M N Shabbir   June 6, 2019 8:46 pm/ Reply

    Our financial problems can be solved IF
    there is a wish .
    SOLUTION
    1) Nobody can be allowed to do anything in PAKISTAN even Not to bury, unless he has the national tax payer number which will be linked with NIC (just like IQAMA in Saudia). This can be done in a few hours.
    2) Pakistan should negotiate with Australia, Denmark, Holland, for dairy and its value-added products, providing the land and labour, and those countries will provide the finance and technology and the returns will be split 50-50. Results will come within one financial year.
    3) Pakistan should talk to Saudia Arabia, UAE, China and other countries for their agricultural supply again providing the land and manpower while they provide finances.
    4) Every big company should be bound that refunds and subsidies will only be given to those companies who are exporting, not for local market.
    5) Same can be done for livestock and poultry.

  6. Avatar
    Khalid   June 6, 2019 9:56 pm/ Reply

    Very simple solution given by Mr. Aamir. The Pakistan govt should implement. WoW what a simple way to get out of financial crises. No economist could think of it.

  7. Avatar
    Gmiskb   June 6, 2019 11:57 pm/ Reply

    Why go to the IMF to get money and get indebted for generations to come . Why go to China for the same outcome ? Why not find a peaceful solution with the emerging power just near to Pakistan and develop economic ties . Of course the politicians and the media will be the great losers but the people of Pakistan as well as the people of India will be the winners in the long run . Pakistanis must not forget that they were indians before the partition since more than four million years .

  8. Avatar
    Rajan   June 7, 2019 7:50 am/ Reply

    More news

  9. Avatar
    Anonymous   June 10, 2019 7:50 am/ Reply

    It is very Astonishing that Pakistan seeks Debts from international organisations and Banks but avoids trades with neighboring countries such as Iran, Afghanistan, India, Tajikistan and all others. Pakistan’s trade volume with Afghanistan has reduced from around $5 billion to some $400 million in the past couple of years unlike India who have increased it. Same we did with Iran and other neighbors. The point is that the only way we can repay these debts and be able not to go for more is to trade (Export) more specially with our neighbors first and rest of the world as well.

  10. Avatar
    Anonymous   June 11, 2019 5:13 pm/ Reply

    Pak wants to trade to with india and Afghanistan.
    But india has stoped trading with Pak.
    And Afghanistan is pro india at the moment.

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