Pakistan seeks $10b in US backstop facility

[imadul]

A wise general once said in 2022 after inept PTI-IK Govt was toppled as Mercy to Pakistan,

"Stock market is bullish and dollar depreciating."

Cannot they sell some bullish stock owned by the holy army and not beg USA for the diplomatic services?

 

[Watandar]

All this crazed focus on PTI has allowed the hybrid-farce regime to escape visibility. They have been in power for over four years now and don't have a single legal, political or economic achievement to their name except renting out the country and taking loans.

Aurangzeb seeks $10bn support facility from US

The proposed facility provides US Treasury-backed support to strengthen Pakistan’s reserves, ease debt pressures, and stabilise the economy.

www.dawn.com

 

[IceCold]

Pocket change for Trump for his favorite failed Marshall sb

 

[hasn2009]

These fuckers will eat even $100bn, no one should lend money to Pakistan, it never reaches the people, corrupt politicians consume it.
Also, think about the pressure of $10bn US loan on Pakistan govt? They will easily say yes to any demand from US, including distancing themselves from China, or even start fight with Iran etc

 

[Blueishere]

My favorite field marshal ........ Read what Rtrd Gen Tariq said today . Situation is horrible ..

Can you send the article?

 

[ST1976]

Our corrupt political leaders such a President Zardari and Prime Minister Sharif are billionaires with stolen money from national exchequer. While the corrupt Panama ki Rani is now CM of Punjab.

@Indos

I remember those days when Mr Zardari was know for Mr 10%, for commission on governments tenders, during those times we had ISI marked products in India with 10% GST.....

similarly we have a billionaire from Indonesia during those time of Mr N Narshimha's Rao many corruptions cases with Mr N Sharif's economic reform times, we we find similar to Indian economic reform during the path of year 1991

we find Mr N Rao, Mr Zardari and Mr Suharto were sent to jail during the same time, by late 90s....

=>
Former Indonesian President Suharto was accused of orchestrating massive state corruption and was infamously named by Transparency International as one of the most corrupt leaders in modern history, allegedly embezzling an estimated $15 to $35 billion.

https://www.google.com/search?q=attack+on+hindu+temple+in+USA&oq=attack+on+hindu+temple+in+USA&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQABjvBTIHCAIQABjvBdIBCjIzMjM3ajBqMTWoAgCwAgA&sourceid=chrome&source=chrome.rb&ie=UTF-8

 

[arshu]

I have a question, suppose pakistan gets 10 billion dollar from us , will it effect relation of pakistan with china ?

 

[GatlingGunZ]

Why don't Pakistani Govt just devalue PKR a little instead of manipulating heavily ?
You guys think below graph is sustainable ??

 

[SD 10]

And here people were saying economy bht achi ja rai hai?

 

[RescueRanger]

Difficulty level:

Gotta start somewhere, or should we sit at the footpath of the global south beggar bowl in hand?

 

[hydrabadi_arab]

Why don't Pakistani Govt just devalue PKR a little instead of manipulating heavily ?
You guys think below graph is sustainable ??
View attachment 207565

SBP is buying dollars from market to build reserves. Otherwise PKR will appreciate more.

 

[RescueRanger]

SBP is buying dollars from market to build reserves. Otherwise PKR will appreciate more.

Why are you entertaining an Indian member who was laughing when Pakistan was getting bombed?

 

[Yasser76]

The economy has gone to the dogs under patwaris. The only chooran they were selling was that they have "stabilized" the economy and that growth would follow, and now they are literally asking for money from the Exchange STABILIZATION Fund.

Shut your stupid mouth. Patwaris were not the reason for all of Pak economic woes and we do a lot for the country

 

[RescueRanger]

Shut your stupid mouth. Patwaris were not the reason for all of Pak economic woes and we do a lot for the country

Dont let him derail the thread with the usual gas. That is the tactic these days, losing an argument toss in some politics to deflect.

 

[hydrabadi_arab]

I doubt this will be approved. If it does then Pakistan can get out of IMF program in 2027. Pakistan will have to prove it can manage economy without IMF for 5-10 years before foreigners think about serious long term investment.