After the Loan
The Executive Board of the International Monetary Fund (IMF) has to approve a $ 7.6 billion loan for Pakistan under the Standby Arrangement (SBA) by November 19. Islamabad will get the first tranche, $ 4 billion, by the next week to improve its dwindling foreign currency reserves. That is the big news for the stalwarts of Pakistan Peoples’ Party, who were going bonkers for the aid, loan or anything.
It’s not secret or even a news that Pakistan’s economy is facing a severe shock due to government’s mismanagement and lack of expertise in economic matters. Standard & Poor has downgraded Pakistan’s ranking to CCC from CCC+. The GDP growth rate has choked and there is no business from within and outside the country.
The front loaded first installment of the IMF in the range of $ 4 billion will help the central bank to build up its reserves, but what’s after that? How this massive funding would be utilized? That is the question, which the opposition of PML(N) should ask from the government on behalf of the people of this country.
Other posts by Kashif Aziz
- Taliban of Punjab Police - March 3rd, 2010
- Chile Earthquake, Hawaii Tsunami and Social Media - February 28th, 2010
- President Zardari apologized for childbirth in rickshaw - February 26th, 2010
- Reason of Traffic Jams in Karachi - February 19th, 2010
- Mullah Abdul Ghani Baradar, Top Most Taliban Leader Caught in Karachi - February 16th, 2010
- PTCL Launches Largest Data Center of Pakistan - February 15th, 2010
- Reflections On Twin Blasts in Karachi - February 6th, 2010
- Aafia Siddiqui convicted, may be sentenced for 60 years - February 4th, 2010
- Dawn News going down the Drain? - January 30th, 2010
- Has Karachi Gone To Dogs? - January 27th, 2010
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November 17th, 2008 06:59 GMT
and then the ISI will divert that money from the IMF into building more jehadi factories and pump terrorism into India.
November 17th, 2008 22:23 GMT
Philip, so where does the money to finance Hindu terrorists come from? Lieutenant Colonel Purohit should know!
November 18th, 2008 05:20 GMT
Yes, you are right Shakir. Morons on either side. Just that the percentage is too high on the Pak side. Hence the rot there.
November 18th, 2008 09:52 GMT
How many people have jihadis killed by now in comparison to war on terror? or VHP for that matter? or Israelis in plaestine? the entire point is that rest of the world wants to kill masses stripped of weapons and courage and they go to all means for implementing that. WMDs and Iraq is another good example. For one man who is still a culprit and not a proven criminal (Osma bin laden) 2- nations have already been invaded and preperations are underway for third. WOW! You want people not to defend themselves like palestinians who are constantly invaded and annhilated by israelis… those who defend are jihadis right? the loot and plunder in kashmir by 6 million indian army that keeps on runing their lives and when theres a protest they are traitors.. hmmm …. i must commend your outlook on the world …..stop fooling yourself and stop telling us what we should do or what self defence and justice is….. you are filled with hate and everytime you write something on this forum its to ignite more vengeful thinking. get a LIFE!