Islamic Republic of Pakistan : News, Discussions & Updates

lcafanboy said:
https://twitter.com/x/status/1552925564750659584

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.... 😂😂
Click to expand...

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

www.ndtv.com

Why World Bank Denied New Financing To Sri Lanka Amid Crisis

The World Bank does not plan to offer new financing to crisis-hit Sri Lanka until an "adequate" macroeconomic policy framework is in place, the global funding body has said.
www.ndtv.com www.ndtv.com

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
 
STEPHEN COHEN said:
If you Read this Below posted Article , then it looks like IMF and WB are very harsh with Defaulters
Click to expand...
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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Pakistani rupee may slump further to PKR 275 per dollar: Report

www.google.com

Pakistani rupee may slump further to PKR 275 per dollar: Report

Islamabad [Pakistan], July 29 (ANI): Pakistan is already staring down an economic nightmare and amid this more troubling news keeps coming as IGI Securities Ltd, one of the leading securities firms in Pakistan, said that the Pakistani rupee may slump further to 275 per dollar, media reports...
www.google.com www.google.com

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

Nacho Ben-cho.... 🥳🥳🥳🥳
 
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Critical level: SBP-held foreign exchange reserves down $754mn, now stand at $8.58bn

www.brecorder.com

Critical level: SBP-held foreign exchange reserves down $754mn, now stand at $8.58bn

* Fall attributed to external debt, other payments, says central bank
www.brecorder.com

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.... 😊😊😊
 
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lcafanboy said:
Critical level: SBP-held foreign exchange reserves down $754mn, now stand at $8.58bn

www.brecorder.com

Critical level: SBP-held foreign exchange reserves down $754mn, now stand at $8.58bn

* Fall attributed to external debt, other payments, says central bank
www.brecorder.com

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.... 😊😊😊
Click to expand...

I just LOVE ❤️ how you described it 🤣
 
https://twitter.com/x/status/1554136353008410624

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


https://twitter.com/x/status/1554127974089117696

GobarTimes.......😂😂🤣🤣🤣
 
https://twitter.com/x/status/1554164478215966721

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 .... 😅😅
 
lcafanboy said:
https://twitter.com/x/status/1554164478215966721

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 .... 😅😅
Click to expand...
The thing is they need to import raw materials too. So that negates the devalued rupee benefits when exporting.
 
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