Islamic Republic of Pakistan : News, Discussions & Updates

STEPHEN COHEN

Senior member
Dec 4, 2017
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4,615

The best part is....

The IMF is going into recess for the next three weeks and its board will not convene until late August. No firm date has been set for announcing the loan approval for Pakistan, according to an IMF official who also spoke on condition of anonymity. For Islamabad, time is of the essence.

If Pakistan doesn't get the loan by August end PKR will be more than RS 300 to a dollar and the whole Pak economy will meltdown with the default.... 😂😂🤣🤣

Hence, Bajwa himself is on a begging spree to US.... 😂😂

If you Read this Below posted Article , then it looks like IMF and WB are very harsh with Defaulters


Sri Lanka has been told to Re Negotiate with its Creditors before any Bail out Package can be given

Now that will take some time

If Same conditions are imposed on Pakistan, then it will be very hard for them to ask the Chinese and Arabs to forego a part of their loans
 

jetray

Senior member
Mar 15, 2018
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India
If you Read this Below posted Article , then it looks like IMF and WB are very harsh with Defaulters
Idea is quite simple, first renegotiate with its creditors if the creditors offer some thing favorable then IMF will jump in to spoil it.
If the creditors dont want to change the loan terms then , IMF is the only last option left which gives them the upper hand to impose their own terms . Which obviously is complete take over of countries finances.
 
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lcafanboy

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Dec 22, 2017
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Bangalore
Pakistani rupee may slump further to PKR 275 per dollar: Report


Grab your POPCORN TUB for the upcoming fastest TRIPLE Century of the century... 😊😊

Nacho Ben-cho.... 🥳🥳🥳🥳
 
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lcafanboy

Senior member
Dec 22, 2017
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Bangalore
Critical level: SBP-held foreign exchange reserves down $754mn, now stand at $8.58bn


Pakistani Forex reserves now at $8.5 billion dollars. Effectively it's $0.0000 dollars. In fact it should be in negative.

Saudi Arabia Qatar UAE and China each had deposited approximately $3 billion dollars in State Bank of Pakistan on conditions that Pakistan won't spend it without their consent but it seems Pakistan has already spent some of it and that also means $1.3 billion dollars that IMF loan program if at all IMF approves and credit to Pakistan is already spent by Pakistan and Pakistan will be in perpetual need of IMF loan program every month not year.... 😊

Grab your POPCORN TUB for a spectacular season 2 of "Sri Lanka gone Kaput" . Now it will "Pakistan gone Kaput" much better much bigger than what we have seen in Sri Lanka which is at least civilized and literate society.

Ola, Mullas, illiterate retarded cousin Marriage products and bankruptcy will be deadly combination.... 😊😊😊
 

STEPHEN COHEN

Senior member
Dec 4, 2017
7,515
4,615
Critical level: SBP-held foreign exchange reserves down $754mn, now stand at $8.58bn


Pakistani Forex reserves now at $8.5 billion dollars. Effectively it's $0.0000 dollars. In fact it should be in negative.

Saudi Arabia Qatar UAE and China each had deposited approximately $3 billion dollars in State Bank of Pakistan on conditions that Pakistan won't spend it without their consent but it seems Pakistan has already spent some of it and that also means $1.3 billion dollars that IMF loan program if at all IMF approves and credit to Pakistan is already spent by Pakistan and Pakistan will be in perpetual need of IMF loan program every month not year.... 😊

Grab your POPCORN TUB for a spectacular season 2 of "Sri Lanka gone Kaput" . Now it will "Pakistan gone Kaput" much better much bigger than what we have seen in Sri Lanka which is at least civilized and literate society.

Ola, Mullas, illiterate retarded cousin Marriage products and bankruptcy will be deadly combination.... 😊😊😊

I just LOVE ❤️ how you described it 🤣
 

lcafanboy

Senior member
Dec 22, 2017
2,537
2,699
Bangalore

Screenshot_2022-08-01-21-46-48-17_40deb401b9ffe8e1df2f1cc5ba480b12.jpg



GobarTimes.......😂😂🤣🤣🤣
 

lcafanboy

Senior member
Dec 22, 2017
2,537
2,699
Bangalore

Exports down by 20% even after huge devaluation of PKR. Normally exports should have surged through roof due to cheaper products because of huge devaluation of PKR. Something seriously bad with the economy or government policies towards exports.. 😊😊😊

No matter what they do Pakistan heading towards default. It's economy is now like a speeding train without brakes and driver heading towards a crash .... 😅😅
 

Ankit Kumar

Team StratFront
Nov 30, 2017
4,905
4,705
Bangalore

Exports down by 20% even after huge devaluation of PKR. Normally exports should have surged through roof due to cheaper products because of huge devaluation of PKR. Something seriously bad with the economy or government policies towards exports.. 😊😊😊

No matter what they do Pakistan heading towards default. It's economy is now like a speeding train without brakes and driver heading towards a crash .... 😅😅
The thing is they need to import raw materials too. So that negates the devalued rupee benefits when exporting.