Pakistani officials have started drafting plans to request the country’s largest-ever bailout from the International Monetary Fund, The Financial Times reported on Monday, confirming what had been widely speculated.
The country will need between US$10 billion and $12 billion, according to one government adviser, double the $5.3 billion lent to the country in 2013. It will mark the 13th IMF bailout for the country.
Should the loan be granted, it would limit prime minister-elect Imran Khan’s options for public spending, an increase in which was a key campaign promise. Khan’s proposals included health care for all, improved education, and an ambitious expansion of welfare spending.
According to the FT report, the IMF will likely demand austerity measures including cutting agricultural subsidies, selling failing public firms and deep spending cuts. The Fund projects Pakistan’s fiscal deficit to hit 7% this year, versus a target of 4.1%.
What else would you expect from IMF. Its sole agenda is to keep developing countries in perpetual poverty.
Yeah, best ask China for a loan
so its the money guys fault the beggar keeps coming back to him with a broken bowl in his hand?..must be the islamic thing to do..a fuggin welfare state is what you are,, leeches spreading your legs to the 1 st one who walks by with a dollar riyal or yuan.
so barks the beggar in his loin cloth and a cracked bowl..lol
Aditya Shetty
Actually, there are far more beggars in India than in Pakistan.
In Pakistan, wealth is more evenly distributed. The Gini Index of disparity is low.
There is nothing wrong for a nation to borrow if it the benefits are spread around.
India on the other hand is a nation of 100-200 million "middle class" the like of you milking 1000+ million destitute beggars.
I am sure Pakistani would rather borrow as a nation than beg as individuals.
Do you mean Westerners who gave you asylum, a place to live….. ?
Maybe it’s you who thinks you should be more than you are, and resents Westerners for looking down on your crack-pot ideas.
So when you off to China with your imaginary Turkish wife ?
Syed Abbas indian beggars beg in india..you are international prostitutes..go spread your legs for islam old man
Syed Abbas do u have to go shopping for a suicide belt?..allah needs his daily dose of blood.
Aditya Shetty, Syed Abbas: What an irony; beggars and beggars are fighting with each other.
Guys, everyone should give credit where it is due. China should be given credit for what it has achieved. We all want China to rise, prosper, lead and be a benign and friendly neighbor to all. We all want everything good for China. On the other hand, give India its due.Saying things like "India was never a nation" (meaning, it needs to be liberated by PLA like Tibet, huh..) smacks of old fashioned propaganda and meaningless drivel. It is very disrespectful and rude.
China has such a large land mass. What does China not have? It has everything. Why does it need more territory?
China is a responsible world power and has the wisdom to transcend petttiness.
Also, there is no point in bashing Western nations. Its always "Western imperialism", "western this..". Things have changed. The Western powers have done a lot for mankind’s progress. Just like China and India will for the world in the future.
It is disrespectful and rude to constantly bring up the ‘bogey of Western imperialism".
Lets China all the credit she deserves. Lets give India all the credit she deserves. As with Bhutan. As with Westerners.
Aditya Shetty look at this ugly hindu bigot. he even posts his wife and child’s picture on the profile. He has no shame at all and exposes his bigotry fully for the world to see and recognize him with it. How pathetic are you hindu losers. Muslims wiped out 600 million hindus. They came to your country year after year over a thousand years. Took land from you in the form of bangladesh, pakistan, mecca, medina, afghanistan, indonesia, malaysia. Now I know why hindus have a chip on their shoulders when it comes to islam. Because of being genocided over a thousand years, now hindu hatred for anything muslim is so great that it even makes the jewish hatred for muslims look small. Jews and muslims actually got along fine up until 1948. You are an ugly hindu and your posts and hatred is meaningless. Your hatred for muslims doesn’t effect muslims, it only effects your heart rate lol. so keep on hating. We already whupped you and took land after land from you lmfao
well said sir, begars are fighting with each other, de facto is both countries pak and india are the slave of west and they bark each other in lieu of their signal