The Pakistan Tehreek-e-Insaf (PTI) government has started a hot debate on political parties on the basis of many days of hesitation and decision-making after finally decided to approach the International Financial Institution “IMF” to achieve debt. Although not seen, it is not the first time a government has decided to take loan from IMF, but since the 1980s many.
According to an estimate, there was a loan of 2800 billion in 1999, which reached 6000 billion during the period, from 2008 to 2013, the loan increased from 6000 billion to 14000 billion.
When the PML-N’s claim to break the confiscation came to power, it broke the record of friction, because in this period the debt was taken to the highest level of history, and now the country’s every The child has been approximate about Rs.11 billion.
The Muslim League-N government has almost approached the last five years
$ 30 billion for foreign debt According to figures, foreign debt volume in 2013 is 60 billion 90
There was a crude dollar that has now increased to $ 91 billion, while local debt in 5 years increases 65 times.
In the year 2013, local debt volume was Rs 95 billion, which has increased to 160 rupees now
Yes, the former government has no euros bonds, skoks or international banks and IMFs to take loans.
There is also a long list of loan repayers in Pakistan under the burden of external debt, according to which in previous 27 years, former governments apologized for more than Rs 4 billion to apologize, with over 988 companies and personalities.
Those who have lost over Rs. 30 billion more than Rs. 6 crores. In the case of debt-making, Abdullah Papers Private Limited left everyone behind Nawaz Sharif’s era, in the year 2015, a 7.7 billion 84 million, the main character of the Mehran Bank scandal, Younis Habib, texted the $ 2 billion 47 million, Red Eli’s owner and former chairman Accountability Bureau Saifur Rehman forgiven a billion rupees of Rs. 67 million in 2006.
On one hand, Pakistan was going to drowning in the interest of external debt, on the other hand, there is a long narrative of the internal debt which was forgiven in the previous democratic period.
If the nation’s money were not refunded, the matter would be handed over to the National Accountability Bureau (NAB) and also the property of debt deposits should be confiscated.
There are no two opinions that the Pakistani government faces severe problems due to the acquisition of lending these days and because of these economic issues the international financial institution has been asked for a formal loan but the US and IM are here F has raised objections that Chinese loans are due to the difficulty for Pakistan due to lending from the International Monetary Fund.
Full and transparent information about the issue, especially emphasizing the details of loans from China, has also informed Pakistan about American concerns. The US Foreign Minister has already warned that IMF should not give more money to Pakistan to borrow sugar. The IMF has given the conditions to borrow.
According to IMF, Christine Lou Guard, said that with full transparency, Pakistan will have to tell which country and how much he has spent from China, where he spent the money. IMF and America’s objection to China’s involvement in Chinese investment or its economy in Pakistan is not less than a dream mark and moment.
Economics of IMF say that if the bailout package is spoken, its purpose will be to deliver Pakistan to its full potential. Due to the growing financial and current account deficit of Pakistan, due to the deficit of low account deficit and non-flexible currency, it has a major investment potential, if the global financial institution gets involved in negotiations with Pakistan, its purpose There will be reforms which will widen its domestic capability without providing specific details to Pakistan.
The government has expressed its desire to implement structural reforms, which will eliminate the habit of financial assistance through the funds of Pakistan.
Pakistan needs more infrastructure development in which China’s investment in China (CP) can be beneficial for Pakistan and on the same hand, the US and its allies have many reservations.
Finance Minister Asad Umar said recently, Prime Minister Imran Khan announced the implementation of simplicity, while the IMF bulls should be ignored.
Instead of the out-of-the-clock program, it was expressed its desire for alternative, but after consulting with economists, Prime Minister Imran Khan has agreed to go to IMF for the bailout package. For many weeks, the economists were informing that the current financial crisis and the crisis of the current account would reduce the value of the rupee, as well as the trillion rupees on the country.
After the decision of the Pakistani government to take a loan from the global financial institution, the dollar got to be seen. In the Inter Bank market, the value of rupees came to see the value of the dollar reached the highest level of Pakistani history at Rs 138. The Pakistani leadership has informed IMF for the potentially new loan program, aware of the real economic situation, and an IMF review team will visit Pakistan soon, in which the new government Report Etiotec Board by reviewing economic priorities and potential economic policies.
And the IMF’s writings will approve a new loan program for Pakistan in light of the light of online intelligence delivered by the State Bank of Pakistan and the Finance Bank of Eastwood, Pakistan.
It should be noted that IMF will not have to fulfill its terms and there is also a demand for the US “Do Mo Mo”.
Is. The United States also wants Pakistan to get loan from the IMF because majority of shares are with the EU and the United States, the considerable order is also the implementation of the IMF’s policies.
There is something more, that is why IMF is being told that strict conditions should be applied to Pakistan.
According to experts, IMF did not give any money to Pakistan until the 18th amendment did not change
Take, another amendment will be done in the 18th amendment, because the amendment of the constitution requires IMF to borrow.
Yes, now the question arises why it is such? According to IMF, the money collected from indirect and non-tax tax in Pakistan is divided by money 5 and the Federation receives 30% of this money and the provinces get 70 percent.
Due to the Muslim League-N government, the Tehreek-e-Insaf (PTI) has completely stuck in their circulation. In view of this, it is to see that Prime Minister Imran Khan will succeed in breaking this continuation of economic disadvantages in Pakistan.