Comments on: “Plan C” – Pakistan turns to the IMF. Perspectives on Pakistan Thu, 01 Oct 2015 19:31:05 +0000 hourly 1 By: A Chinese Mon, 15 Dec 2008 18:42:48 +0000 China is too clever to throw money on a failed state. Pakistan is no friend or ally just a tool for China. A tool that will soon outlive its utility once its goes over the brink. China doesnt want to lose money in times of grave financial such as the one we are currently in. Too bad Pakistan, nothing personal you know, we all gotta do what is in the best interest of our countries……

By: Vijay Wed, 26 Nov 2008 15:01:38 +0000 Imf loans comes with stringent conditions, first they will look at Government spends, they will ask why on a revenue of $16BN, you spend $3BN for interest, $5Bn for defence,elctrical subsidy , fuel subsidy etc,kashmir subisdy.They will ask you to repriotize your spend. People of Pakistan will never question their Military or Politician for making their country into such hopeless situation by not having democracy.

By: unknown indian Mon, 17 Nov 2008 17:19:28 +0000 Myra,
before IMF bailout , india had a socialist economy. everything was nationalised. i guess that’s why even partial privatisation of lot of assets help india to pay off IMF’s loan quickly.
but in those few years, according to many reduction of % of people living below poverty line at best was flat , at worst negative.

as far as i know, pakistan (except Z.Bhutto’s partial effort) never had a socialist economy. do they have a large asset to sale to pay back the money as fast as possible?

otherwise , i can only see more US control through IMF (which may be good for india)and a lot of suffering by the poor for pakistan.
also i heard the interest rate which they were going to pay will be the highest.

By: sheriar Mon, 17 Nov 2008 17:13:23 +0000 No country should dole out any amount of money to this government of Pakistan .They are the most corrupt lot who are running the country.Starting with the President one of the richest(corrupted) in the country who is on record saying he paid for 260 entourage for his last visit to Saudi Arabia.His economic advisor Shaukat Tarin
sold country’s biggest Bank for peanuts .There is a long list of the most corrupted individual which are associated with the Governmment.They all are happy with the IMF $7.6 billion payment starting in 3 years time They have 3 years to channel it to thier Bank accounts.And if the any amount fronm the Friends of Pakistan that would be like ”Icing on the Cake”

By: A.R.Shams Mon, 17 Nov 2008 15:07:58 +0000 Since Pakistan is already under pressure of IMF and its concerning countries for taking heavy loans from time to time, no further loan suits for it anymore.

The wise say goes thus, ‘A beggar cannot be chooser’.

Therefore, Pakistan should avoid asking for more IMF loan or from else one, rather it should try to stand on its own feet as a sort of self-help nation.

By: Sultan Ahmed Mon, 17 Nov 2008 01:55:05 +0000 Saudi Arabia and China want to help Pakistan directly but they are reluctant because the most corrupt man of the country popularly known as Mr.10% is at the helm of the affairs. Hence, they think that IMF will be in a much better position to ascertain whether the money given to them is being applied towards the growth of the country or being looted and squandered away.