Re: Appreciation from WB & IMF : Ishaq Dar
A lot of copy paste stuff in praise of a munshi, who is nothing more than a champion number fudger.
IMF and World bank are happy because their demands are being met hook line and sinker. They are happy because they get bloated interest rates from cornered countries like Pakistan, that have loan happy finance ministers. Currently, all of the loans received this year have gone towards paying off previous loans. Ishaq Dar has again begun cooking books by claiming loan money to be a part of forex reserves, misleading the public into thinking that the govt owns this money.
And we all know that the govt got a $6.3 billion loan from IMF on IMF terms. And we all know that they will receive half a billion or so every 3 months or so for a period of 3 years(the tenure of the loan). Repeating the same news every 3 months is not going to make it an accomplishment.