Let’s hope IMF comes to the rescue of Pakistan after the current government has plunged Pakistan into economic crises, by not concentrating on the economy, and indulging in nonsensical rhetoric and arguments instead.
May god help Pakistan. :teary3:
Rebuffed by China, Pakistan May Seek I.M.F. Aid
http://www.nytimes.com/2008/10/19/world/asia/19zardari.html?_r=1&partner=rssnyt&emc=rss&oref=slogin
There has to be a long term plan, simply by relying on handouts isnt going to make the situation any better.
Well to be honest, Pakistan had this coming, its been 'bailed out' continuously over the past few decades by either the Saudis, Chinese or Americans, its pretty obvious that they would all say no to a person internationally known to be corrupt and dishonest (AAZ).
It's time Pakistan started to think of a long term solution, and stopped depending on these 'hand outs'
I.M.F aid would be bad on the other hand, it would slow economic growth down severely amongst a lot of other negative things.
Re: Rebuffed by China, Pakistan May Seek I.M.F. Aid.
In a way I'm glad, lets just hope IMF doesn't do anything either and Pakistan default. If these morons are unable to do anything then let Pakistan default, Pakistan should declare bankruptcy and start all-over... how would the world take it?
Re: Rebuffed by China, Pakistan May Seek I.M.F. Aid.
Well what do you expect when the govt eats through the reserves like a parasite?
The main focus of articles I have read is that musharraf's "fault" was that he subsidized things like oil and food when the prices world over were going up! I wonder what the majority of this site would say if he had raised prices back then??? :D
Well what do you expect when the govt eats through the reserves like a parasite?
Any reference of this claim?
Pakistan: IMF help may be needed
Things are tough all over…now this.
Re: Rebuffed by China, Pakistan May Seek I.M.F. Aid.
When Pakistan & China meet then one must ignore nytime, cnn and may be hindustan time as well for any authentic matter. ( nytime is full of desi pakistan hater indians n jews and else where is no exception either)
Yes,Pakistan's situation is bleak but not becasue of any corrupt parasite but because of the current affairs of the internation financial sectors and economy. One should leave it to that.
Re: Rebuffed by China, Pakistan May Seek I.M.F. Aid.
well there is bit of difference
all political governments falls for IMF plans, only previous government was able to get rid of this non ending IMF loans.
i dont think we should go back to such loan sharks like IMF
Pakistan has a federal structure based on federal provincial transfers. Under a federal fiscal structure, the central government transfers financial resources to the provinces, with a view to supporting provincial based programs. When these transfers are frozen as occurred in Yugoslavia in January 1990, on orders of the IMF, the federal fiscal structure collapses:
revenues that should have gone as transfer payments to the republics [of the Yugoslav federation] went instead to service Belgrade’s debt … . The republics were largely left to their own devices. … The budget cuts requiring the redirection of federal revenues towards debt servicing, were conducive to the suspension of transfer payments by Belgrade to the governments of the Republics and Autonomous Provinces.
In one fell swoop, the reformers had engineered the final collapse of Yugoslavia’s federal fiscal structure and mortally wounded its federal political institutions. By cutting the financial arteries between Belgrade and the republics, the reforms fueled secessionist tendencies that fed on economic factors as well as ethnic divisions, virtually ensuring the de facto secession of the republics. (Michel Chossudovsky, The Globalization of Poverty and the New World Order, Second Edition, Global Research, Montreal, 2003, Chapter 17.)
*It is by no means accidental that the 2005 National Intelligence Council- CIA report had predicted a “Yugoslav-like fate” for Pakistan pointing to the impacts of “economic mismanagement” as one of the causes of political break-up and balkanization. *
*“Economic mismanagement” is a term used by the Washington based international financial institutions to describe the chaos which results from not fully abiding by the IMF’s Structural Adjustment Program. In actual fact, the “economic mismanagement” and chaos is the outcome of IMF-World Bank prescriptions, which invariably trigger hyperinflation and precipitate indebted countries into extreme poverty. *
*Pakistan has been subjected to the same deadly IMF “economic medicine” as Yugoslavia: In 1999, in the immediate wake of the coup d’Etat which brought General Pervez Musharaf to the helm of the military government, an IMF economic package, which included currency devaluation and drastic austerity measures, was imposed on Pakistan. Pakistan’s external debt is of the order of US$40 billion. The IMF’s “debt reduction” under the package was conditional upon the sell-off to foreign capital of the most profitable State owned enterprises (including the oil and gas facilities in Balochistan) at rockbottom prices . *
[
*There are obvious similarities in the nature of US covert intelligence operations applied in country after country in different parts of the so-called “developing World”. These covert operation, including the organisation of military coups, are often synchronized with the imposition of IMF-World Bank macro-economic reforms. In this regard, Yugoslavia’s federal fiscal structure collapsed in 1990 leading to mass poverty and heightened ethnic and social divisions. The US and NATO sponsored “civil war” launched in mid-1991 consisted in coveting Islamic groups as well as channeling covert support to separatist paramilitary armies in Bosnia, Kosovo and Macedonia. *
A similar “civil war” scenario has been envisaged for Pakistan by the National Intelligence Council and the CIA: From the point of view of US intelligence, which has a longstanding experience in abetting separatist “liberation armies”, “Greater Albania” is to Kosovo what “Greater Balochistan” is to Pakistan’s Southeastern Balochistan province. Similarly, the KLA is Washington’s chosen model, to be replicated in Balochistan province. (Michel Chossudovsky is the author of the international bestseller America’s “War on Terrorism” Global Research, 2005. He is Professor of Economics at the University of Ottawa and Director of the Center for Research on Globalization)](“http://moinansari.files.wordpress.com/2008/02/imf-conspiracy.jpg”)
Under the great leadership of former President, the Great Pervez Musharaf, Pakistan had loans under control, businesses were booming, employement was high, and investers were flocking to Pakistan. Alas, those days are now gone and Pakistan is now moving back to pre_President Musharaf of era loans and more loans.
May god save Pakistan. Ameen. 
Under the great leadership of former President, the Great Pervez Musharaf, Pakistan had loans under control, businesses were booming, employement was high, and investers were flocking to Pakistan. Alas
You forgot to say "Alas, I woke up then"
Too bad to praise one who brought unflinching crises to Pakistan, one who opened the flood gates of hell onto the poor people of this country.
It seems USA and many countries want to see Pakistan out of financial trouble. But there is big problem. When thinking of helping out Pakistan, all know that just a year ago Pakistan had $16.5 billion, booming stock market, attractive destination for investors, fast growing infrastructure, growing world trade, stable currency and anticipated bright future. Within few months thugs of NS and Zardari sucked the blood of Pakistan with unrestrained loot and plunder, such that today Pakistan looks like a sick country with no blood or future.
Obviously, no one trusts cash with thieves. To give cash to Pakistan is just like asking same thugs like Nawaz, Zardari and their chailay chamhay to loot and plunder more, without Pakistan gaining anything. Dilemma in front of these countries is that how to help Pakistan. No country is feeling confidence giving cash to Pakistan.
China already told Zardari that they can help but no cash as deposit or loan.
Saudi Arabia is also worried that giving oil on credit (differed payment) means leaving cash with Pakistan and thugs in power would steal it.
Today’s American statement is of similar nature as under:
Pakistan not to receive aid in cash at FoP meeting: Boucher
Pakistan not to receive aid in cash at FoP meeting: Boucher
Updated at: 1900 PST, Monday, October 20, 2008
ISLAMABAD: US Assistant Secretary of State for South Asia Richard Boucher Monday said operation in FATA should continue and that US would not support the idea of holding dialogue with the Taliban in the present circumstances.
Addressing a press conference, Boucher said: “We want to see stable Pakistan and its people while support will continue to be extended towards strengthening of democracy and democratic institutions in Pakistan”.
He expressed full confidence in the Pakistani leadership including Pakistan Muslim League-N Chief Nawaz Sharif.
Regarding US aid, the US Assistant Secretary of State said **Pakistan will not receive aid in cash **in the meeting of Friends of Pakistan. The meeting would deliberate on ways to provide aid to Pakistan through alternative modes, he added.
FT.com / Asia-Pacific / Pakistan - Beijing assures Pakistan of financial support
Beijing assures Pakistan of financial support
By Farhan Bokhari in Islamabad and Mure Dickie in Beijing
Published: October 16 2008 23:10 | Last updated: October 16 2008 23:10
China has assured Pakistan it will not allow its south Asian ally to be forced to default on upcoming international debt payments, according to Pakistani officials.
Such a pledge would offer a potentially crucial boost to Pakistan, which faces a $10bn (€7.5bn, £5.8bn) gap in external financing in the financial year to June 2009, amid a falling currency and declining liquid foreign currency reserves.
One senior Pakistani government official said Beijing’s backing “begins with $500m with the promise to go upwards”.
LOL 
Aalsi- if you want people to stop laughing at you, you need to stop making such foolish posts.
No one is falling for your BS
From Unprecedented Economic growth, to this sorry state - within a matter of months. 
May god help Pakistan. Ameen. :teary3:
Pakistan-IMF meet in Dubai Tuesday fuels package talk | Currencies | Reuters
Brother, you are so right. But then, at least Jahula of Mecca once saw realities on ground, stop their mantra of denial and accepted Islam. But Pakistani Jahulas are worse, as they can see unprecedented economical growth and stability of last 8 years, they could compare that with last 6 months unprecedented sh*tty performance, still could not come out of their shell of denial.
From 1999 to Nov 2007, there was not a single month Pakistani dollars reserve did not increased and rupee was stable for 8 years. Present thugs could not manage to do that for a single month in power. They not only deteriorated reserve from $16.5 billion to $7.5 billion, but rupee devalued around 50 percent in 6 months from April 2008 to Oct 2008. Foreign debt that was constant for 8 years at $40 billion increased to $46 billion today.
We all know that thugs Nawaz, Zardari, and their chailay chamchay are immoral thieves, but if they had not bettered anything in Pakistan, at least if they had kept reserve above $16.5 billion and exchange rate $=Rs 60, I would not have cared if they had stolen even £20 billion.
How did you come to this conclusion? I don’t think there is an immediate fall out of American financial crisis anywhere in developing world.
Pakistan is not linked with American and European financial institutions. It is because there is not much investment from these countries to ours.
http://www.time.com/time/business/article/0,8599,1849949,00.html
Less sophisticated economies that rely on manufacturing and agriculture may largely avoid the pain that has accompanied the worldwide breakdown of complicated financial systems.
Developing countries might eventually suffer due to this crisis, but this crisis in itself is not the cause of Pakistan’s woes.
Let's hope IMF comes to the rescue of Pakistan after the current government has plunged Pakistan into economic crises, by not concentrating on the economy,
What exactly did this government do wrong which resulted in such a sudden meltdown of Pakistan's economy?
It must be something BIG. Just "not concentrating on economy" does not answer the question.
One of Pakistan's biggest problem is lack of energy. Did this government prohibited all energy producers from working or something? Was the energy situation somehow satisfactory under military rule?
What exactly did this government do wrong which resulted in such a sudden meltdown of Pakistan's economy? It must be something BIG. Just "not concentrating on economy" does not answer the question.
One of Pakistan's biggest problem is lack of energy. Did this government prohibited all energy producers from working or something? Was the energy situation somehow satisfactory under military rule?
Pakistan biggest and only problem is mistrust on present political government, causing flight of capital from Pakistan.
Your energy question ... Lack of electricity: It is not due to lack of available capability to produce electricity, but due to cost of producing electricity and people affording true cost. Pakistan needs around 17000 MW of electricity, can produce around 20000 MW of electricity but is producing around 10000 MW or less. So, even if Pakistan could have produced more, it does not matter.
Government prohibiting electricity producers: Government do not want rise in electricity price and are not providing enough funds to produce electricity at subsidised rate. Unfortunately, due to present government reputation, flight of capital caused rupee devaluation by 50 percent, and that means cost of producing electricity gone up by 50 percent just due to devaluation. I think present situation is that, if government wants to fulfil all energy demands (electricty and oil) what country needs, government would need to spend around Rs 500 billion a year in subsidy.
Satisfactory situation of energy level during military government: It was not that satisfactory, especially since 2007, though much better than today. Last year, Bhangra on road and other instability caused by political parties in Pakistan plus oil price rise (it went to $100 a barrel at one point in 2007) meant energy sector needed huge subsidy and government was not willing to spend that much, hence shortage in electricity production.
