Is it the right decision by PTI to ask IMF to refuse payments to Pakistan due to allegations of rigging

[rpant_gabba]

Do you think the IMF will bother to listen to those whom they are ripping off?

IMF rips countries off? Then don't go to IMF. IMF doesn't show up any countries door to sell loans.

Countries mostly with idiotic fiscal policies end up IMF door as last resort.

 

[Red-Indian]

IMF rips countries off? Then don't go to IMF. IMF doesn't show up any countries door to sell loans.

Countries mostly with idiotic fiscal policies end up IMF door as last resort.

There is plenty of scope for criticism of the IMF which has increasingly moved to a one size fits all mode of economic problem solving but ripping countries off is not one of the criticisms that can be seriously levied.

 

[umoo007]

Was curious so I googled it:

In terms of the armed forces, the Pakistan Army will receive the majority of the 2023–24 defence budget, as is customary. The army's allocation will reportedly be PKR824.6 billion or about 46% of the expenditure. The Pakistan Air Force and Pakistan Navy will receive PKR368.6 billion and PKR188.2 billion, respectively.

Source: https://www.janes.com/defence-news/...ce-budget-rises-but-inflation-nullifies-gains

The Budget of the establishment is not even half of the actual problem. It's their monetary corruption that has really crippled the nation's economy.

 

[psyoptica]

I find it quite disgraceful and cold hearted to see my fellow overseas Pakistanis vote yes whilst they sit in the comfort of their homes without any care in the world for how this could impact the lives of the vast majority of Pakistanis who are struggling to make ends meet.

Yes, we know PPP and PML-N are corrupt guys but with that aid, one has to be realistic and rational, and therefore it would be reasonable to assume that at least a small % of that aid would be used for the greater good to help Pakistanis.

The poll right here is perhaps the greatest illustration of how PTI is just a cult and it’s for this very reason why I distance myself from PTI supporters because these lot don’t care one bit about Pakistan.

Fear the Almighty before it’s too late because you will be judged for all of your deeds.

Can you give one reason what good this loan brings to help the poor people in Pakistan? We have taken several billion dollars of loans, only to keep the country afloat and repay loans with higher interest. The poor are poorer than ever and the economy is worse than ever before. I’m trying to make sense of why this loan is so important in the longer run and how does it help the economy? If you can cite some reasons with examples, that would be really helpful.

 

[umoo007]

I think it's brilliant how the Pakistani establishment has conditioned the supporters of the major parties to hate and blame each other for everything.

The corruption arguments are really funny. Let's assume the ruling party steals a billion a year (ridiculous I know). That's only 0.3% off the growth rate of $340 Billion economy. Barely a pinprick.

It's human nature though though to save your worst vitriol for those you think are stealing the pennies off you and the establishment knows how to exploit that.

If all the democratic parties got together and demanded izzat for the vote, the establishment wouldn't stand a chance but no, all of them are in the 'No compromise' mode

I disagree because I think the majority of pakistani public in the last two years have learnt who the real enemy is even though they don't say it publicly for fears of repercussion but they also know that except for PTI, almost all big parties are one way or another agents of the real enemy and uniting with them will be like uniting with the enemy.

 

[umoo007]

If the politicians or civilians question a Black Vigo comes and picks them up.. and boom. They disappear.
Pakistan is a Garrison state serving the boots and Americans and Western nations are happy to keep Pakistani civilians as slaves to IMF etc. A revolution is required but so far majority of Pakistani populace is sleeping like cowards.

I disagree with your last statement. People of Pakistan showed on 8th February that they want a soft revolution through democratic means but do you think tens of millions of Pakistanis who voted for PTI are going to stay quiet now since their votes have been so blatantly rejected by the Military Establishment?

 

[rpant_gabba]

There is plenty of scope for criticism of the IMF which has increasingly moved to a one size fits all mode of economic problem solving but ripping countries off is not one of the criticisms that can be seriously levied.

IMF focusses on macro economics. Increase revenue, reduce spending. Thats it. how you do thats is up to you.

Just don't keep going back to them like 20+ times. then u r fine

 

[Red-Indian]

Can you give one reason what good this loan brings to help the poor people in Pakistan? We have taken several billion dollars of loans, only to keep the country afloat and repay loans with higher interest. The poor are poorer than ever and the economy is worse than ever before. I’m trying to make sense of why this loan is so important in the longer run and how does it help the economy? If you can cite some reasons with examples, that would be really helpful.

Pakistan's Imports - This is the latest data I could find

of US$ 70.9 billion in Calendar Year 2022, the major import products were petroleum US$ 22.4 billion (31.6%), agri & other chemicals US$ 11.3 billion (16.0%), food items US$ 9.1 billion (12.9%), machinery US$ 8.2 billion (11.6%), metals US$ 5.5 billion (7.8%), textile US$ 4.5 billion (6.3%), and transport vehicles US$ 3.3 billion (4.7%). The major import sources were China 26.0%, UAE 10.4%, Saudi Arabia 6.5%, Indonesia 5.8%, USA 4.7%, Qatar 4.5%, Kuwait 3.9%, Japan 2.7%, Thailand 2.3%, South Africa 2.2%, Brazil 1.9%, and Malaysia 1.6%.

Contrary to what most people think, Pakistan imports very few luxuries. 60% of it's imports are essentials - Petroleum, chemicals & food items. If Pakistan doesn't get th IMF loan, the ripple effect will be no loans from a lot of other sources like 'friendly' countries since they base their loans on IMF assurances. Given Pakistan's trade deficit, this will mean no petrol in petrol pumps, no gas, no fertilizers and food shortages.

Now the ivory tower Pakistani sitting secure in a developed country might think this dose of starvation and deprivations will bring the poor Pakistani masses on to the street and their hero Imran to power but I don't think anyone living in Pakistan would wish for such extreme circumstances.

 

[umoo007]

If something at that level could be organised, it would be difficult for the IMF to ignore. I doubt it could though.

If someone's going to be able to manage that scale of co-ordination and organisation, why waste it on denying your country a loan? It would be better used in a peaceful civil disobedience campaign or silent marches or sit-ins in front of Army HQs. Or maybe a countrywide bandh where literally nothing moves in the whole of Pakistan for a day to show the Establishment the extent of support or solidarity Imran has. That I doubt the Establishment could ignore. If there's violent protests, they can suppress but such tactics are tougher to beat without completely taking the mask off.

I agree with all of your suggestions but this is also very important since this IMF Loan cuts off the Lifeline of this unelected corrupt government and corrupt Military Establishment.

 

[Red-Indian]

IMF focusses on macro economics. Increase revenue, reduce spending. Thats it. how you do thats is up to you.

Just don't keep going back to them like 20+ times. then u r fine

No they're more prescriptive than that. Free float of currency, no restrictions on imports etc. are pretty standard stuff they insist on and even among prominent development economists, there are disagreements on the benefits.

 

[umoo007]

Do you think the IMF will bother to listen to those whom they are ripping off?

It's our Corrupt Military Establishment, Corrupt bureaucracy, Corrupt Judiciary and Corrupt Politicians that are ripping us off.

 

[psyoptica]

Pakistan's Imports - This is the latest data I could find



Contrary to what most people think, Pakistan imports very few luxuries. 60% of it's imports are essentials - Petroleum, chemicals & food items. If Pakistan doesn't get th IMF loan, the ripple effect will be no loans from a lot of other sources like 'friendly' countries since they base their loans on IMF assurances. Given Pakistan's trade deficit, this will mean no petrol in petrol pumps, no gas, no fertilizers and food shortages.

Now the ivory tower Pakistani sitting secure in a developed country might think this dose of starvation and deprivations will bring the poor Pakistani masses on to the street and their hero Imran to power but I don't think anyone living in Pakistan would wish for such extreme circumstances.

It’s not about the ivory tower Pakistanis sitting in developed countries. Everyone has the right to secure their best interests and if given a chance, 99% of the population would abandon Pakistan to live in a better country but since they can’t, the only options are to either rot away and die a slow death over a long period or fight Srilanka style for whats right and liberate themselves from the chains of slavery. I believe this can be done. It’s better than committing suicides en mass.

 

[Red-Indian]

It’s not about the ivory tower Pakistanis sitting in developed countries. Everyone has the right to secure their best interests and if given a chance, 99% of the population would abandon Pakistan to live in a better country but since they can’t, the only options are to either rot away and die a slow death over a long period or fight Srilanka style for whats right and liberate themselves from the chains of slavery. I believe this can be done. It’s better than committing suicides en mass.

Without even asking, I can tell you're living abroad and are used to polite protests where you wave a banner and are home in time for tea. Developing country protests...especially for countries under military rule (which Pakistan is for all intents and purposes) are of a wholly different scale. Sri Lanka got off relatively easy because the Military is used to civilian oversight there and has lost the habit of civilian suppression from the Tamil Eelam fights.

Most protests in countries like Pakistan are more akin to those in Myanmar or Thailand where the military will react ruthlessly. Thousands will die and tens of thousands will go to prison.

Anyway, this is all academic as I said. If the IMF started denying loans based on letters from opposition politicians, it would have to establish a special opposition politician letter reading department and hire hundreds of readers.

 

[umoo007]

Yes, we know PPP and PML-N are corrupt guys but with that aid, one has to be realistic and rational, and therefore it would be reasonable to assume that at least a small % of that aid would be used for the greater good to help Pakistanis.

The poll right here is perhaps the greatest illustration of how PTI is just a cult and it’s for this very reason why I distance myself from PTI supporters because these lot don’t care one bit about Pakistan.

Fear the Almighty before it’s too late because you will be judged for all of your deeds.

I live in Pakistan and I voted Yes. Overseas Pakistanis care a lot about Pakistan and they are worried that this un-elected corrupt PDM 2.0 govt. will ruin Pakistan for good this time.

You know that they aren't just corrupt but they have been stealing people's mandates via Military Establishment but this time they have done it in such a large manner and insulted millions of Pakistani people that it should be insulting and un-patriotic to you as a voter and millions of other Pakistanis who voted including overseas who spent thousands of their hard-earned dollars to come to Pakistan just to vote to let this un-elected government be formed let alone get a IMF Loan & should be our civic duty as a Pakistani to do otherwise.

This poll shows that Pakistanis are beginning to care about their votes and will not let anybody insult them or their votes and it's the lot that have insulted Tens of Millions of Pakistanis by stealing people's mandate on such a large scale just for power and greed that don't care one bit about Pakistan.

Military Establishment should fear the Almighty before it's too late because they will be judged for all of their oppression and injustice.

 

[umoo007]

I think that's a very dangerous fantasy that can only be entertained be those who have very little idea how the world works.

The money that the IMF lends is not it's own. It belongs to the 190 countries who have contributed their quota (including Pakistan). Of course the big Western countries contributed the most but they have the most as well.

To refuse to repay IMF loans, whatever the country's excuse would essentially be accepting international pariah status in the financial markets. Nobody...N.O.B.O.D.Y...would lend to you any more and you wouldn't even have the lender of last resort which is the IMF. You can stretch, squeeze, renegotiate the loans but you cannot default on an IMF loan.

This has happened before. Countries in the world have done it successfully.

 

[psyoptica]

Without even asking, I can tell you're living abroad and are used to polite protests where you wave a banner and are home in time for tea. Developing country protests...especially for countries under military rule (which Pakistan is for all intents and purposes) are of a wholly different scale. Sri Lanka got off relatively easy because the Military is used to civilian oversight there and has lost the habit of civilian suppression from the Tamil Eelam fights.

Most protests in countries like Pakistan are more akin to those in Myanmar or Thailand where the military will react ruthlessly. Thousands will die and tens of thousands will go to prison.

Anyway, this is all academic as I said. If the IMF started denying loans based on letters from opposition politicians, it would have to establish a special opposition politician letter reading department and hire hundreds of readers.

I don’t think you understand. Pakistan is not Myanmar or Combodia. It’s a nuclear armed state with a population of 250 million. A significant amount of its income comes from the remittances sent by the diaspora therefore they have as much say in the politics as the resident Pakistanis.

The military establishment is powerful because of the corrupt parties in Pakistan that use them to gain an upper hand in politics and share the loot with them. If they were not empowered by these parties, they would never be as powerful. The political turmoil this election has created will crescendo at some point when the economy will be completely unmanageable and this is when the politicians will run out of excuses to defend themselves and the military will have to give away power to curtail the civil unrest. The IMF declining the loan will be the first step towards this. The only way Pakistan can improve is through civilian supremacy and complete the lack of interference from the military.

 

[Red-Indian]

This has happened before. Countries in the world have done it successfully.

I can't think of an example. There have been renegotiations and extensions yes but no country can refuse to repay an IMF loan unless it wants to go all North Korea.

 

[umoo007]

Pakistan is already struggling with debt and financial crisis. This country cannot afford a default for now. TBH, writing such letters to IMF does not matter. IMF does not care about this letter sent by a party which is running a movement against Rigging and still got nothing to prove in the court as of yet.

Yes it is struggling but whose fault it is to let the 5.9% GDP fall to 0.5%? Yes it can't afford to default but in whose tenure did Pakistan become technically default? and yet corrupt Military duffers wants to install these corrupt incompetents on us for a second turn?? and we the people are supposed to except and digest that?? IMF may not care about a letter or millions of other letters because U.S. is probably in bed with them, but it is our duty as a patriotic Pakistani to do so and since you're bringing up courts, what rigging cases has courts taken up by itself? PTI NA & PA candidates have gone themselves to courts & have produced Form 45s of each Polling Station which was given to them by Presiding Officers of ECP with their signatures while the winning candidates have no proof of their win. What else proof do you need?

 

[Red-Indian]

I don’t think you understand. Pakistan is not Myanmar or Combodia. It’s a nuclear armed state with a population of 250 million. A significant amount of its income comes from the remittances sent by the diaspora therefore they have as much say in the politics as the resident Pakistanis.

The military establishment is powerful because of the corrupt parties in Pakistan that use them to gain an upper hand in politics and share the loot with them. If they were not empowered by these parties, they would never be as powerful. The political turmoil this election has created will crescendo at some point when the economy will be completely unmanageable and this is when the politicians will run out of excuses to defend themselves and the military will have to give away power to curtail the civil unrest. The IMF declining the loan will be the first step towards this. The only way Pakistan can improve is through civilian supremacy and complete the lack of interference from the military.

I do understand. I don't agree that sending remittances to family members in Pakistan should quality non-residents to as much say as a resident but that doesn't mean they should have no say as long as they don't relinquish their citizenship.

The establishment - political party entanglement is a very complicated knot in a country like Pakistan. You're right that worsening the economic circumstances enough is one way to bring the masses out on to the streets, cause complete chaos and break the knot. I just think you're underestimating the cost Pakistan and it's people will have to pay for this abrupt break. I still say that the slow and steady approach is better. Improve economic circumstances first...that creates a virtuous cycle where everyone is not fighting for a big slice of the same small pie. With a bigger pie, everyone including the military is okay with a small slice and there is space to carve out a active civilian role.

Economically handicapping your own country to bring a favoured politician to power who himself does not have a clear economic revival plan strikes me as perversely counterproductive.

 

[umoo007]

Without even asking, I can tell you're living abroad and are used to polite protests where you wave a banner and are home in time for tea. Developing country protests...especially for countries under military rule (which Pakistan is for all intents and purposes) are of a wholly different scale. Sri Lanka got off relatively easy because the Military is used to civilian oversight there and has lost the habit of civilian suppression from the Tamil Eelam fights.

Most protests in countries like Pakistan are more akin to those in Myanmar or Thailand where the military will react ruthlessly. Thousands will die and tens of thousands will go to prison.

Anyway, this is all academic as I said. If the IMF started denying loans based on letters from opposition politicians, it would have to establish a special opposition politician letter reading department and hire hundreds of readers.

Finance and Development

www.imf.org

 

[umoo007]

I can't think of an example. There have been renegotiations and extensions yes but no country can refuse to repay an IMF loan unless it wants to go all North Korea.

Finance and Development

www.imf.org

 

[Red-Indian]

Finance and Development

www.imf.org

Did you read it or did you just google it? It's a nice theoretical paper but the authors who're academically proposing a solution to it themselves argue

As it stands now, countries repay debt even if it is odious because, if they failed to do so, their assets abroad could be seized and their reputations would be tarnished, making it more difficult for them to borrow again or attract foreign investment.

Do you have one example of when a country successfully repudiated odious debt? I'm not even going to ask for an IMF example because I know that's impossible. Just give me a private debt example. As far as I know, many countries have tried but ended up renegotiating a payment plan with creditors because the international financial system is stacked against defaulters...however a good cause they're defaulting for. I'm happy to be corrected though.

 

[umoo007]

Did you read it or did you just google it? It's a nice theoretical paper but the authors who're academically proposing a solution to it themselves argue



Do you have one example of when a country successfully repudiated odious debt? I'm not even going to ask for an IMF example because I know that's impossible. Just give me a private debt example. As far as I know, many countries have tried but ended up renegotiating a payment plan with creditors because the international financial system is stacked against defaulters...however a good cause they're defaulting for. I'm happy to be corrected though.

Zimbabwe

 

[Red-Indian]

Zimbabwe

I'm sorry man. I'm sure you're well intentioned but you have very little knowledge of this stuff.

I did say 'successfully' defaulted. Poor Zimbabwe tried, was cut off from all IMF and other international funding for 2 decades, suffered hyperinflation and is now trying desperately to renegotiate and repay those loans.

Not the model you want for Pakistan I assure you.

 

[FearlessRoar]

PTI will never create hurdles in IMF facility, says PTI’s Omer Ayub Khan

PTI leader Omer Ayub Khan has said his party never did nor will ever create hurdles in the way of the International Monetary Fund programme.

“I want to clear this here that the meeting with IMF has a condition that elections should be held in a free and fair manner as per the Constitution,” he said at a press conference in Islamabad.

However, massive rigging took place in the February 8 general elections, Ayub alleged. “And our members have provided all the details before you and will do the same in the assemblies,” he said.

“But when Pakistan takes loans, the burden is equally shared by the public […] how is it fair that someone else takes the decisions and the people continue to suffer?” he asked

Dawn

 

[FearlessRoar]

Why did Imran Khan write a letter to the IMF? PTI is typical in taking U-turns.

 

[Varun]

I disagree with your last statement. People of Pakistan showed on 8th February that they want a soft revolution through democratic means but do you think tens of millions of Pakistanis who voted for PTI are going to stay quiet now since their votes have been so blatantly rejected by the Military Establishment?

Yes.

On a sidenote, fantastic posts by @Red-Indian in this thread.

 

[Cpt. Rishwat]

Yes.

On a sidenote, fantastic posts by @Red-Indian in this thread.

I second that. @Red-Indian is providing some stellar contributions here.

 

[Red-Indian]

Yes.

On a sidenote, fantastic posts by @Red-Indian in this thread.

I second that. @Red-Indian is providing some stellar contributions here.

Thanks guys. This is a particular interest of mine and there's some great material out there about this subject. Uzair Younus, Khurram Hussain and Ammar Khan are all highly recommended.

 

[Cricket Warrior]

PTI’s letter to IMF won’t harm Pakistan’s interest: Ali Muhammad

Pakistan Tehreek-e-Insaf (PTI) leader Ali Muhammad Khan on Wednesday clarified that a letter written to International Monetary Fund (IMF) by party founder Imran Khan will not harm interest of Pakistan, ARY News reported.

Speaking at ARY News programme ‘Khabar’, the PTI leader said that his party never acted against the country’s interest, adding that they only wanted audit of the February 8 general elections.

“We have told IMF not to audit the election itself, instead use the platforms present in Pakistan, such as FAFEN,” Ali Muhammad Khan said, adding that the PTI was seeking justice within the system.

Responding to a question, Khan said they sacrificed their government by not accepting external interference, expressing hope that the courts will give them justice.

He further said that the PTI has reminded the Fund of an assurance made during last interaction between Imran Khan and IMF delegation in 2023.

PTI’s letter to IMF won’t harm Pakistan’s interest: Ali Muhammad

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Ali Muhammad Khan on Wednesday clarified that a letter written to International Monetary Fund (IMF) by

arynews.tv

 

[IMMY69]

Why did Imran Khan write a letter to the IMF? PTI is typical in taking U-turns.

Why did the IMF visit IK at his residence after he was removed as PM?

 

[Bewal Express]

Why did Imran Khan write a letter to the IMF? PTI is typical in taking U-turns.

Have you read the letter? What does it say. If you haven't read the letter, why are you commenting and if you have, what does it say. Did you know that despite IK being jailed he didn't oppose the programme, a programme that keeps his illegal jailers in power. Infact all he asked was that IMF hold to their promise that there would be free and fair elections. Is that wrong?

 

[DRsohail]

Absolutely yes, no taxation without representation, well done khan.

 

[BouncerGuy]

IMF is not like any political party which can be kidnapped and forced to do what other powerful want. IMF is an international body and these types of letters do not mean much. IMF is Pakistan's reality now. People have to live with it and share the burden with other normal citizens of the country.

 

[BouncerGuy]

US urges Pakistan to ‘continue working with IMF’

The United States had urged Pakistan to “continue working with the International Monetary Fund (IMF) and other international financial institutions towards macroeconomic reforms” for economic stability in the country,

The remarks come after the PTI wrote a letter to the Fund urging the lender to endorse an audit of the 2024 elections for the sake of political stability in the country, before entering into a dialogue with Islamabad for a new bailout package.

Addressing a press conference in Islamabad, PTI leader Barrister Gohar Khan said that a letter — written by Imran Khan’s spokesperson Raoof Hasan — was handed over to the IMF resident representative in Pakistan and would be opened in Washington. He said once the letter was received by the intended recipients, it would be then shared with the media in Pakistan as well.

“For now, we can share that PTI’s founding chairman Imran Khan does not want any adverse effects on the economy of Pakistan. In the letter, we have reminded IMF of its promises that the election will be free and fair,” he said.

During a regular press briefing on Wednesday, US State Department Spokesperson Matthew Miller was asked about the PTI’s letter.

“As US knows, Pakistan needs $2 billion alone in March to be able to avoid economic breakdown. How do you see this effort on PTI’s part to be contacting IMF and also talking about election rigging?” the reporter asked.

To this, Miller said, “I’ll just say with respect to the IMF that we support Pakistan’s efforts to break free from the vicious cycle of debt and international financing.”

He further said that the long-term health of Pakistan’s government and economy was crucial for the country’s stability.

“Pakistan’s new government must immediately prioritise the economic situation because the policies over the next several months will be crucial to maintaining economic stability for Pakistanis,” he said.

Miller also urged Pakistan to “continue working with the IMF and other international financial institutions towards macroeconomic reforms”.

Pakistan averted default last summer thanks to a short-term IMF bailout, but the programme expires in April and a new government will have to negotiate a long-term arrangement to keep the economy stable.

Last week, Julie Kozack, the director of the communications department at IMF, was asked whether Pakistan was on track to securing the third tranche of the short-term agreement and whether the IMF would entertain any letter by PTI’s Imran about the election irregularities.

In her response, Kozack said: “On Jan 11, the IMF executive board approved the first review of the Stand-By Arrangement with Pakistan that brought total disbursements under the Stand-By Arrangement to $1.9 billion. The Stand-By Arrangement is supporting the authority’s efforts to stabilise the economy and to, of course, with a strong focus on protecting the most vulnerable.”

She said that during the tenure of the caretaker government, the “authorities have maintained economic stability”.

“This has been done through strict adherence to fiscal targets while also protecting the social safety net. It has been done by maintaining a tight monetary policy stance to control inflation and to continue to build up foreign exchange reserves,” she said.

“We look forward to working with the new government on policies to ensure macroeconomic stability and prosperity for all of Pakistan’s citizens. And I am going to leave it at that.”

As for Imran’s letter, Kozack said: “I’m not going to comment on ongoing political developments. So, I don’t have anything else to add to what I just said.”

SOURCE: DAWN

 

[IMMY69]

IMF is not like any political party which can be kidnapped and forced to do what other powerful want. IMF is an international body and these types of letters do not mean much. IMF is Pakistan's reality now. People have to live with it and share the burden with other normal citizens of the country.

You hit the nail when you said that the people have to share the burden..
They do and for that they deserve to have a government they voted for to implement the IMF deal and to ensure funds are used appropriately..

This is also why the IMF sought to speak with all the political parties back in July 2023 and seemed out IK to have his guarantee that if elected in the Autumn that PTI would follow the rules? That was agreed by IK on the basis that the elections were be free and fair.

So yes the IMF should most certainly investigate this otherwise isnt it a form of corruption? But at the higher level?

 

[IMMY69]

The mere fact that the burden of the IMF loan falls on the shoulders of the people surely means that any IMF Loan is directly linked to the democratic process?

Any rigging of elections should surely be a breach of those terms, even if they are just implied terms... so the duty of care rests on the IMF's shoulders and the lack of due diligence on their part goes against the rules of lending...

 

[BouncerGuy]

Imran's letter to IMF akin to hostility towards state, says Nawaz

PML-N supremo Nawaz Sharif said on Thursday that PTI founder Imran Khan's letter to the International Monetary Fund (IMF) - linking the country's political stability with any further bailout talks - is akin to hostility against the state.

Nawaz made these remarks as he arrived at the Parliament House for the inaugural session of the 16th National Assembly (NA). When probed further, the PML-N leader said such tactics were the 'tradition' of PTI.

Nawaz further said that "no political party will write such letters" and asked if this was not an act of hostility. "You can draw the conclusions yourself."

A day earlier, Caretaker Prime Minister Anwaarul Haq Kakar expressed his disapproval of the PTI chief’s letter to the IMF, terming this move as 'highly irresponsible'.

Appearing on a talk show of a private TV channel, the prime minister said the letter was sent at a time when the caretaker government had significantly worked for economic revival, with relevant indicators showing positive trends and achieving various financial targets.

He mentioned that negotiations with the IMF are underway for a $6-billion-dollar agreement, which is crucial for the economic health of the country. Moreover, different multilateral agreements also depend on it.

He said there are appropriate forums for electoral disputes, and PTI’s decision to write a letter to the IMF was unjustified and highly irresponsible. However, he noted that in tangible terms, the letter would have no effects, but it would have political costs for the PTI

Previously, PTI founder Imran Khan confirmed that he had penned a letter to the IMF, urging the global lender to give the poll results a thorough once-over before cutting any new cheques for Islamabad.

"If the country gets a loan in such a situation, then who will return it?" he questioned, expressing concerns that such a loan could lead to an increase in poverty.

The former prime minister warned that without substantial investment in the country, the burden of loans would continue to rise, underscoring the need for political stability.

He alleged that the institutions were compromised to ensure the selection of PML-N supremo Nawaz Sharif, causing harm to various organisations, including the National Accountability Bureau (NAB).

Accusing the election process of being rigged in favour of Nawaz, Imran claimed that he had been unfairly subjected to allegations.

Despite Imran's efforts, it remains uncertain whether the letter will yield the desired results, as the IMF, expressed willingness to work with the new Pakistani government while ignoring his demand.

SOURCE: EXPRESS TRIBUNE

 

[IMMY69]

Imran's letter to IMF akin to hostility towards state, says Nawaz

PML-N supremo Nawaz Sharif said on Thursday that PTI founder Imran Khan's letter to the International Monetary Fund (IMF) - linking the country's political stability with any further bailout talks - is akin to hostility against the state.

Nawaz made these remarks as he arrived at the Parliament House for the inaugural session of the 16th National Assembly (NA). When probed further, the PML-N leader said such tactics were the 'tradition' of PTI.

Nawaz further said that "no political party will write such letters" and asked if this was not an act of hostility. "You can draw the conclusions yourself."

A day earlier, Caretaker Prime Minister Anwaarul Haq Kakar expressed his disapproval of the PTI chief’s letter to the IMF, terming this move as 'highly irresponsible'.

Appearing on a talk show of a private TV channel, the prime minister said the letter was sent at a time when the caretaker government had significantly worked for economic revival, with relevant indicators showing positive trends and achieving various financial targets.

He mentioned that negotiations with the IMF are underway for a $6-billion-dollar agreement, which is crucial for the economic health of the country. Moreover, different multilateral agreements also depend on it.

He said there are appropriate forums for electoral disputes, and PTI’s decision to write a letter to the IMF was unjustified and highly irresponsible. However, he noted that in tangible terms, the letter would have no effects, but it would have political costs for the PTI

Previously, PTI founder Imran Khan confirmed that he had penned a letter to the IMF, urging the global lender to give the poll results a thorough once-over before cutting any new cheques for Islamabad.

"If the country gets a loan in such a situation, then who will return it?" he questioned, expressing concerns that such a loan could lead to an increase in poverty.

The former prime minister warned that without substantial investment in the country, the burden of loans would continue to rise, underscoring the need for political stability.

He alleged that the institutions were compromised to ensure the selection of PML-N supremo Nawaz Sharif, causing harm to various organisations, including the National Accountability Bureau (NAB).

Accusing the election process of being rigged in favour of Nawaz, Imran claimed that he had been unfairly subjected to allegations.

Despite Imran's efforts, it remains uncertain whether the letter will yield the desired results, as the IMF, expressed willingness to work with the new Pakistani government while ignoring his demand.

SOURCE: EXPRESS TRIBUNE

How do these people get away with it?
Yes I know they are crooks and have an Establishment behind them but honestly, you would think that they would keep their mouth shut rather then spouting rubbish all the time.

 

[Varun]

You hit the nail when you said that the people have to share the burden..
They do and for that they deserve to have a government they voted for to implement the IMF deal and to ensure funds are used appropriately..

This is also why the IMF sought to speak with all the political parties back in July 2023 and seemed out IK to have his guarantee that if elected in the Autumn that PTI would follow the rules? That was agreed by IK on the basis that the elections were be free and fair.

So yes the IMF should most certainly investigate this otherwise isnt it a form of corruption? But at the higher level?

Speaking of people sharing the burden, why are you (the people) asking the IMF to investigate the election?

 

[Major]

Did PTI return the money when they won the election by rigging?

Oh right, they lost, so thats why they are crying.
PMLN is in govt, PTI can go cry to every corner

 

[FearlessRoar]

In response to question on PTI letter, US urges Pakistan’s new govt to continue working with IMF

The United States said on Wednesday that Pakistan’s incoming government “must immediately prioritize” the country’s economic situation, and continue its engagement with the International Monetary Fund (IMF) and other international financial institutions.

Pakistan’s new coalition government formed primarily by Pakistan Muslim League-Nawaz Party and Pakistan People’s Party (PPP) took oath today (Thursday) during the inaugural session of the 16th National Assembly.

“I’ll just say with respect to the IMF that we support Pakistan’s efforts to break free from the vicious cycle of debt and international financing,” US State Department Spokesperson Matthew Miller said in a press briefing.

“The long-term health of Pakistan’s government – or economy is crucial to its stability,” he said.

“Pakistan’s new government must immediately prioritize the economic situation because the policies over the next several months will be crucial to maintaining economic stability for Pakistanis. And we urge Pakistan to continue working with the IMF and other international financial institutions towards macroeconomic reforms,” he added.

Miller’s remarks come in response to a query regarding former prime minister Imran Khan’s letter to the IMF, in which the Pakistan Tehreek-e-Insaf (PTI) founder has urged the international lender to factor in countries’ political instability in any further bailout talks.

The PTI had sent the letter to the IMF detailing its position, two senior sources in the party reportedly told Reuters, adding more details would be made public in due course.

Pakistan averted a last-minute default last summer owing to a short term IMF bailout, but the programme expires next month and a new government will have to negotiate a long-term arrangement to keep the $350-billion economy stable.

Days ago, Bloomberg News, citing a Pakistani official, reported that Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year.

The country will seek to negotiate an Extended Fund Facility with the IMF, the report said, adding that the talks with the global lender were expected to start in March or April.

Earlier, Moody’s Investors Service warned that it remains highly uncertain whether the newly elected government of Pakistan be able “to quickly negotiate a new International Monetary Fund (IMF) program” soon after the ongoing programme expires in April.

It said that Pakistan’s political risks remain high, “following a highly controversial general elections held on 8 February 2024”.

“The forthcoming coalition government’s electoral mandate may not be sufficiently strong to pursue difficult reforms that will likely be required by a successor program. Until a new program is agreed to, Pakistan’s ability to secure loans from other bilateral and multilateral partners will be severely constrained,” it said.

Business Recorder

In response to question on PTI letter, US urges Pakistan’s new govt to continue working with IMF

State Dept spokesperson says policies over the next several months will be crucial for the country

www.brecorder.com

 

[FearlessRoar]

The battle for getting Prime Ministership between PTI and PML-N has put Pakistan in a disaster.

 

[BouncerGuy]

Senators spar over PTI letter linking loan with poll audit

Senators from two sides of the aisle on Friday sparred over PTI founding chairman Imran Khan’s letter to the IMF linking release of next tranche of bailout package for Pakistan with audit of recently held general elections.

Senator Saadia Abbasi of the PML-N while raising the issue in the house regretted the invitation to the global lender to intervene in internal matters of Pakistan.

She said IMF was neither an investigation agency nor had the role to impose its will in matters linked with Pakistan’s sovereignty. She said Mr Khan’s role was one of the strongest opposition parties at present.

She said the opposition was a watchdog on government and a government-in-waiting, but domestic issues should be resolved domestically, highlighting the need for all to join hands to protect country’s interests.

PTI Senator Humayun Mohmand made it clear that it was the IMF that had sought a meeting with Mr Khan in June 2023. He said the IMF board of governors had declared that it would offer bailout package “only after Mr Khan gave a guarantee”.

He said the PTI chairman had been told that the first tranche would be released to the PDM government, second to the caretaker government and the third to the government that will get people’s mandate in a free and fair election.

“We are just reminding them that the next tranche is to be given to those having mandate,” the senator said, while accusing the government of being formed by those who had stolen mandate.

He reminded PML-N Senator Abbasi that this was also the opinion of former prime minister Shahid Khaqan Abbasi, former PPP senator Mustafa Nawaz Khokhar and PML-N leader Javed Latif. He praised the PML-N candidate from NA-66, Nisar Cheema, for admitting that defeat was better than a stolen mandate.

‘Foreign intervention’

PML-N Senator Irfan Siddiqui said an invitation to foreign institutions to intervene in internal affairs of Pakistan by those who say “subjugation unacceptable” was condemnable. He also informed the chair that he has already submitted an adjournment motion on the subject with the secretariat.

Mr Siddiqui said there should be no injustice with women in jails for their association with the PTI. However, he said, there were around 1,400 women behind bars, besides four PTI women — Dr Yasmeen Rashid, Aalia Hamza, Sanam Jawed and Aisha Bhutta.

He said he could not support the demand for releasing the four women without legal process, just because they belonged to the PTI.

Reserved seats

PTI lawmaker Zeeshan Khanzada criticised the Election Commission of Pakistan (ECP) for not allocating reserved seats to Sunni Ittehad Council (SIC), which has been joined by PTI-backed independent candidates.

He drew the attention of senators, worrying over Mr Khan’s letter, to the one written by US lawmakers urging President Biden not to recognise the government in Pakistan without a thorough investigation into the allegations of election rigging.

Another PTI Senator, Saifullah Abro, emphasised that the election to the office of the prime minister should be held only after the National Assembly is complete, with allocation of reserved seats. He said except PML-N, every party was complaining that elections had been rigged.

Senator Waqar Mehdi of PPP said his party also had reservations over the election. However, he added, writing a letter to the IMF was enmity with Pakistan. He said complainants should approach the election tribunals.

Also referring to the letter sent to the IMF by the PTI founder, PPP lawmaker Nisar Khuhro said such moves would only weaken democracy. He warned that political parties must not take steps that amount to attempts to derail democracy.

SOURCE: DAWN

 

[Pakpak]

The battle for getting Prime Ministership between PTI and PML-N has put Pakistan in a disaster.

You mean the battle created by a party who stole 100s of seats? Or this another election or country you're referring to?

 

[Bewal Express]

The battle for getting Prime Ministership between PTI and PML-N has put Pakistan in a disaster.

What battle is this. Is that between a party whose leaders can't win their own seats and a party that won over 2/3rd. Its like saying the battle for the champions league is between Real Madrid and Hartlepool

 

[FearlessRoar]

What plans does PTI have to bring Pakistan out of the economic crisis? Why does PTI support the Taliban?

 

[Bewal Express]

What plans does PTI have to bring Pakistan out of the economic crisis? Why does PTI support the Taliban?

The PTI had a plan, we were stable and growing. Then Bajwa and mafia took control and destroyed everything. And now everything is destroyed you want to hear PTIs plan again.

 

[FearlessRoar]

The PTI had a plan, we were stable and growing. Establishment took control and destroyed everything. And now everything is destroyed you want to hear PTIs plan again.

This is not the answer of my question. Tell me why PTI support Talibans?

 

[Bewal Express]

This is not the answer of my question. Tell me why PTI support Talibans?

So you have gone from asking about the economy and when challenged in detail you want to know why the PTI support the Taliban?

 

[Bewal Express]

This is not the answer of my question. Tell me why PTI support Talibans?

According to Diesel and the Nooras IK is Jew's agent. Can you explain the contradiction

 

[FearlessRoar]

According to Diesel and the Nooras IK is Jew's agent. Can you explain the contradiction

Because of this Imran khan supports Talibans? is this the answer of my question?

 

[Bewal Express]

Because of this Imran khan supports Talibans? is this the answer of my question?

I am confused. So you are claiming he is pro taliban, whilst his enemies are accusing him of being pro jewish. Hopefully that explanation alone should answer your question or is my answer too.

 

[Pakpak]

I am confused. So you are claiming he is pro taliban, whilst his enemies are accusing him of being pro zionist. Hopefully that explanation alone should answer your question or is my answer too nuanced for you.

He is basically saying he doesn't like PTI's policies so its okay for the mandate to be stolen, is the only way I can take his post unless I am wrong. This was the same guy who was acting all mysterious when I had originally asked him weeks ago who he supported.

 

[Bewal Express]

He is basically saying he doesn't like PTI's policies so its okay for the mandate to be stolen, is the only way I can take his post unless I am wrong. This was the same guy who was acting all mysterious when I had originally asked him weeks ago who he supported.

So embarrassed are these guys to state who they support and why, that they beat about the bush. But its understandable because lets face it who wants to be known on the forum as an aider and a abetter of criminals and their criminality. In any civilised country that in itself is a crime.

 

[FearlessRoar]

I am confused. So you are claiming he is pro taliban, whilst his enemies are accusing him of being pro jewish. Hopefully that explanation alone should answer your question or is my answer too.

No, that's not the answer to my question about whether he is pro-Taliban. I don't care if his rivals call him pro-Jewish. My question is, why does he favor and support the Taliban?

 

[Bewal Express]

No, that's not the answer to my question about whether he is pro-Taliban. I don't care if his rivals call him pro-Jewish. My question is, why does he favor and support the Taliban?

Well it is.

 

[Pakpak]

Well it is.

Irony of saying IK supports Taliban yet supports the party who was telling TTP to annihalte people in KPK but spare Punjab. The party who historically was given birth by a dictator who funded the countless madrassas pumping out TTP sympathisers, the party known for its alliances with extremist right wing organisations.

Again, IK could support Martians for all it matters, the issue is he has a mandate which was stolen. All these questions are simple deflections, just Israeli hasbaras do when questioned about the genocide they are partaking in 'but do you support Hamas?'.

Its all the same nonsense.

 

[FearlessRoar]

Well it is.

No. You just have no answer of my question that why imran support Talibans.

 

[Rana]

No. You just have no answer of my question that why imran support Talibans.

I’m surprised he hasn’t resorted to personal abuse yet

 

[Bewal Express]

No. You just have no answer of my question that why imran support Talibans.

No. You can't have it both ways.

 

[Bewal Express]

No. You just have no answer of my question that why imran support Talibans.

Why was IKs mandate stolen. What should happen to criminals that stole IKs mandate

 

[SportsWarrior]

Why was IKs mandate stolen. What should happen to criminals that stole IKs mandate

Same thing that happened to IK when he colluded with establishment and stole PML mandate during last elections. Remember IK became PM of Pakistan and same thing is happening to PMLn. Karma

 

[Bewal Express]

Same thing that happened to IK when he colluded with establishment and stole PML mandate during last elections. Remember IK became PM of Pakistan and same thing is happening to PMLn. Karma

Except nothing of the sort happened. I dare you to name the seats that the PTI were given by the establishment. I dare you to show me a single, and I mean a single seat that was stolen. Just like this time as the machines were stopped it was the Nooras that benefited, just ask Rana Sanaullah and Khawaja.

 

[hoshiarpurexpress]

I disagree with your last statement. People of Pakistan showed on 8th February that they want a soft revolution through democratic means but do you think tens of millions of Pakistanis who voted for PTI are going to stay quiet now since their votes have been so blatantly rejected by the Military Establishment?

What have those supporters done till now? Imran is still in the jail.

 

[The Bald Eagle]

US can help Pakistan here, they can even waive off our previous loans but they won't ever
=====
US Ambassador Donald Blome on Friday met with Prime Minister Shehbaz Sharif to discuss a broad range of bilateral issues, a statement said.

According to the Acting US Mission Spokesperson Thomas Montgomery, Blome and Shehbaz discussed various issues including partnering with the government of Pakistan on regional security, US support for continued economic reforms with and through the IMF, trade and investment, education, climate change, and private sector-led economic growth.

Ambassador Blome expressed US support for Pakistan’s democracy and the key role of an independent press.

The ambassador and the prime minister also discussed how both countries can work together to accelerate projects addressing climate change under the US-Pakistan Green Alliance framework.

The meeting comes as the global lender called upon Pakistan to reopen discussions on the National Finance Commission (NFC) award, seeking to address the ongoing imbalance in the distribution of fiscal resources between federal and provincial governments.

During the opening round of discussions for a $1.1 billion loan tranche, Nathan Porter, the IMF Mission Chief to Pakistan, raised concerns over the distribution of resources and responsibilities, underscoring the need for a more equitable arrangement. Representing Pakistan in these talks was Finance Minister Muhammad Aurangzeb.

Government officials disclosed to The Express Tribune that the IMF emphasised the need to reassess the NFC award, citing disparities in resource allocation between federal and provincial authorities.

The current formula, established in 2010, resulted in provincial shares increasing from 47.5% to 57.5% of total federal taxes, without a commensurate transfer of additional responsibilities. This has led to a sustained fiscal imbalance and a rise in public debt.

The Pakistani authorities informed the IMF that the provincial shares cannot be reduced without bringing a constitutional amendment and making all the provinces agree to a new formula.

The 2010 NFC award had been agreed for a period of five years but since then there has not been any consensus to revisit it.

Source: The Express Tribune

 

[FearlessRoar]

Minister for Information and Broadcasting Attaullah Tarar said on Friday that a handful of “miscreants” associated with the Pakistan Tehreek-e-Insaf (PTI) were bent on sabotaging Pakistan’s deal with the International Monetary Fund (IMF), which is crucial for economic stability.

“In a bid to disrupt Pakistan’s ongoing talks with the IMF, some miscreants protested in front of IMF and World Bank offices in the United States and indulged in sloganeering against the Pakistan Army,” he said while addressing a news conference in Islamabad.

The protestors belonging to the PTI were urging the IMF to provide funds to Pakistan only if their jailed leader was released, he said, regretting that activists of an “anti-national party” continued to hold sit-ins and protests outside the IMF office.

“This is a fashionable crowd, and these are the enemies of Pakistan who have no love for the country,” the minister said while paying tributes to the overseas Pakistanis who were sending their hard-earned money to the country through white and blue-collar jobs abroad.

He said that these people were protesting to stop funding to the people of Pakistan who were wearing costly branded shoes and carrying branded bags.

“They only wanted to sabotage the IMF deal because their dream was to make Pakistan default, but Insha-Allah, Pakistan would make progress, and the growth rate would increase soon. The heinous conspiracies of anti-national elements would not have any effect on the IMF deal,” the minister said emphatically, adding that the imprisoned PTI founder chairman Imran Khan was involved in Toshakhana fraud, a 190-million-pound scam, and the cipher case.

He advised the PTI to approach the courts of Pakistan for the release of Imran as the IMF and World Bank had nothing to do with his cases. Tarar said that the country was stable today due to the sacrifices of martyrs, ghazis, and the efforts of patriotic political leaders.

“Allah Almighty had always protected Pakistan from external and internal threats, and the talks with the IMF were progressing positively, which was also reflected in the trends in the stock exchange,” he added.

“We have been voted by the people to solve the problems in the country, not to increase them,” he maintained.

He said that under the vision of Prime Minister Shehbaz Sharif, efforts would be made to make the country prosperous through hard work.

The premier, he added, had given a comprehensive agenda on economic reforms, including restructuring FBR, increasing the tax network, and reducing government expenditure.

Tarar said that since PM Shehbaz took over the power, the economic situation has started improving. The minister said that PM Shehbaz wanted an early solution to the country’s problems, and he had been pursuing the vision to chart the country on the path of progress and prosperity.

He said that international organisations like Bloomberg were hailing the appointment of Muhammad Aurangzeb as the Finance Minister of the country as he had command over economic affairs.

The minister said that unfortunately, an “anti-national party” involved in the May 9 incidents was conspiring and working against the interests of Pakistan.

He said that the leadership of the Pakistan Muslim League-Nawaz (PML-N) faced imprisonment due to fake cases but never compromised on the honour and dignity of the country.

Tarar urged the youth to side with Pakistan instead of any political party, adding, “This is the mission of Prime Minister Shehbaz Sharif, and we will be moving forward with the same spirit.”

To a query, he said that the PTI would be requested in the dialogues to refrain from taking any such initiatives that undermined the economy or country.

‘Anti-national’ PTI bent on sabotaging Pakistan-IMF deal: Tarar | The Express Tribune

Info minister says those involved in May 9 incidents were conspiring and working against country’s interests

tribune.com.pk

 

[FearlessRoar]

Leave blame games aside and focus on work now

 

[FearlessRoar]

What plan do you have? You couldn't provide Pakistan with even one consistent Ministry of Finance during your tenure.

 

[FearlessRoar]

In a series of statements addressing recent controversies and ongoing legal battles, Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar Ali Khan asserted that PTI had no involvement in orchestrating a demonstration outside the International Monetary Fund (IMF) office.

This statement was made amidst accusations of attempting to disrupt the bailout package negotiations with the newly-formed government of Prime Minister Shehbaz Sharif.

Speaking to the press outside Adiala Jail, where incarcerated PTI founder Imran Khan awaits trial, Gohar clarified on Saturday that while a protest did occur outside the IMF office abroad, there was no directive to prevent aid to Pakistan in the letter to the IMF. Instead, the focus was on ensuring clean and transparent elections, he added.

On the other hand, in an informal conversation with journalists within the courtroom at Adiala Jail, Imran Khan commented on the IMF protest, terming it ‘correct’ but claiming ignorance regarding any anti-army sloganeering that may have occurred during the demonstration.

Gohar further addressed concerns surrounding PTI's representation in the Senate elections, stating that the party had finalised its candidates for the upcoming elections from Khyber-Pakhtunkhwa, Punjab, and Islamabad.

He highlighted the ongoing legal battles, particularly referencing the 190 million pounds reference being heard and the interpretation of Article 51, expressing hope for a favourable outcome.

He said that we had expressed this apprehension before the Chief Justice of Pakistan that if the ‘bat’ symbol was taken away, then reserved seats would become an issue. Our 80 reserved seats which have been taken from us is the main issue, he said, adding that we hope the Supreme Court will decide the matter in our favour.

Gohar said that the Election Commission of Pakistan (ECP) did not scrutinise the reserved seats for our party’s women, adding that after the election we were forced to join another political party. He claimed that the chairman of PTI-Nazriati was picked up and threatened against supporting PTI.

The PTI chairman said that we had to join any political party for two purposes, adding that it is clear in the Constitution that no political party can get more reserved seats than the seats won. He said the decision to join Sunni Ittehad Council (SIC) was the best considering the circumstances at that time.

He said that Asad Qaiser never said that the resolution in favour of Palestine will not be allowed in National Assembly, adding that this is a misunderstanding which may have happened due to the noise in the house. On the resolution on Women's Day, he said women who are enduring prosecution should also be highlighted.

Gohar said we are trying to strengthen the faith in democracy and ensure that money is not spent in the Senate election.

He further said that the secrecy of the vote in the Senate election should be maintained and that the ECP should oversee the procedure for verifying this vote.

PTI denies organising protest outside IMF office | The Express Tribune

Barrister Gohar says there was no directive to prevent aid to Pakistan in the letter to global lender

tribune.com.pk

 

[FearlessRoar]

What plan do you have? You couldn't provide Pakistan with even one consistent Ministry of Finance during your tenure.

In a candid dialogue with journalists within the confines of Adiala Jail, former prime minister and the founder of Pakistan Tehreek-e-Insaf (PTI), Imran Khan, shared insights on various pressing issues ranging from the recent protests outside the IMF office to the state of the country's economy and political landscape.

Addressing the protest staged in front of the IMF office abroad, Khan acknowledged its legitimacy but disclaimed any awareness of anti-army sloganeering that might have transpired during the demonstration.

PTI Chairman Barrister Gohar Ali Khan on the other hand asserted that PTI had no involvement in orchestrating a demonstration outside the International Monetary Fund office.

The statements were made amidst accusations of attempting to disrupt the bailout package negotiations with the newly-formed government of Prime Minister Shehbaz Sharif.

Turning his attention to electoral matters, Khan underscored the need for an audit of the election results, emphasising discrepancies in the vote count. He highlighted PTI's significant share of 30 million votes compared to the cumulative tally of 17 opposing parties, advocating for transparency and accountability in the electoral process.

Commenting on recent political developments, Khan expressed concern over Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur's meeting with Prime Minister Shehbaz Sharif, cautioning against potential repercussions for the region. He said Gandapur should not have taken pictures with Shahbaz. “I am afraid that the federal government will not release the fund for Khyber-Pakhtunkhwa,” he remarked.

Discussing the state of the economy, Khan issued a stark warning, asserting that the country's economic trajectory was heading towards a downward spiral. He called for urgent and stringent reforms, criticising the incumbent government's perceived inability to address pressing economic challenges.

The incarcerated PTI founder said that if someone robs my house and tells me to forget, how is this justice? Those who used to shout slogans of sanctity of vote have started respecting the boot, he said in a reference to military establishment. Khan said Sharif family cannot survive without the ‘boot’.

On Palestine, he said that OIC should have taken a stand on the issue of Palestine, but South Africa took a stand. Khan said we cannot fight a war on the issue of Palestine.

Reflecting on legal proceedings, Khan commented on the ongoing 190 million pounds case, dismissing allegations of theft and suggesting ulterior motives behind the legal pursuit. He also raised questions about the fairness of electoral practices, citing instances of alleged malpractice and emphasising the need for electoral reform, particularly through the implementation of electronic voting machines.

Concluding the discussion, Khan reiterated the importance of political stability and the restoration of what he termed the "stolen mandate" to ensure the country's progress and prosperity. He criticised various institutions, including the Election Commission of Pakistan and the Pakistan Muslim League-Nawaz, alleging collusion against PTI in the electoral process.

IMF protest correct but unaware of anti-army slogans: Imran | The Express Tribune

PTI founder underscores need for an audit of election results, emphasising discrepancies in vote count

tribune.com.pk

 

[guard]

Same thing that happened to IK when he colluded with establishment and stole PML mandate during last elections. Remember IK became PM of Pakistan and same thing is happening to PMLn. Karma

As an indian, we expect you to have these feelings. It is in your best interests after all.

 

[The Bald Eagle]

Finance Minister Aurangzeb hopeful of IMF review tomorrow

Finance Minister Muhammad Aurangzeb on Tuesday said that the government remained “very hopeful” regarding the International Monetary Fund (IMF)’s review of the 37-month $7 billion Extended Fund Facility (EFF) taking place tomorrow.

The IMF said that the Fund’s board will meet on September 25 to discuss the EFF for Pakistan. The decision came following speculation that the disbursement of funds was tied to delays in debt rollover confirmation from China, Saudi Arabia, and the UAE.

The delay was also speculated to be related to the government’s failure to arrange for fresh funds to cover the external financing gap of $2bn for the present fiscal year.

“We are very hopeful that the board will approve the 37-month seven billion dollar programme under which we are very committed to doing structural reforms,” Aurangzeb said during an interview with Geo News.

The finance minister noted that with the KIBOR and policy rates coming down, the government wanted to send “a very clear message” that it was not “desperate to borrow”.

“If we were to borrow domestically, we will borrow at our terms,” he said, citing examples of the government rejecting bids for T-Bills and Pakistan Investment Bonds (PIBs).

“Now, this is all on the back of the Fund programme and we successfully concluded the nine-month SBA,” he stated.

The minister added that he wanted to thank the government of China “in terms of the support that we’ve had on the Fund programme as a long-standing partner of the country”.

“Now we need to move forward and that means we need to stay with the reform agenda — whether it’s on the taxation side, whether on the energy side, whether it’s on the state-owned enterprises and privatisation side,” he said, adding that the government will stay on course.

Pakistan and the IMF had reached a three-year, $7 billion aid package deal in July, with the new programme set to allow the country “cement macroeconomic stability and create conditions for stronger, more inclusive and resilient growth”.

The country also completed its previous $3 billion loan programme in April and secured a credit rating upgrade from both Moody’s Ratings and Fitch Ratings late last month.

Source: Dawn News