Anujan wrote:... Pakis have done what I used to do in college. Do last minute cramming a few hours before the exam and finish the diagrams in the chemistry record notebook 4 hours before submission.
Let's see if they pass. I passed.
India's exports last year were $ 760 Billion (and rising).Trikaal wrote:Pukis are a remittance economy. Their annual remittances (~$30 billion) are higher than their annual exports (~$25 billion).
I wonder if Pak has the money to import paper to conduct exams.Manish_P wrote:Anujan wrote:... Pakis have done what I used to do in college. Do last minute cramming a few hours before the exam and finish the diagrams in the chemistry record notebook 4 hours before submission.
Let's see if they pass. I passed.
Ah but you submitted the correct answer paper at least.
The bakis have been submitting theology answers to a test on mathematics.
Deans sir, They have lots lying around... it is called PKR - i mean the raw material for exam paper.Deans wrote:I wonder if Pak has the money to import paper to conduct exams.Manish_P wrote:
Ah but you submitted the correct answer paper at least.
The bakis have been submitting theology answers to a test on mathematics.
What speed are they talking about?Prime Minister Shahbaz Sharif is affectionately called Shahbaz Speed, a title bestowed upon him by Vice-Minister Zheng Xiaosong of the International Department of the Central Committee of the Communist Party of China in 2018, and Shahbaz has proven himself worthy of this title time and again since then.
Anyways Paki's already celebrating that Shahbaz has done it and the IMF chief is charmed. Let us see how much of that jinn charm is going to workUnlike his elder brother, who has a history of bad blood with the establishment, Shahbaz Sharif has the correct guts and the right attitude to engage them, which he does with ease and comfort and has won them over.
This paki Analcyst definition of charm is to do GUBO at the fastest speed...williams wrote:https://dailytimes.com.pk/1107861/shahb ... imf-chief/
Anyways Paki's already celebrating that Shahbaz has done it and the IMF chief is charmed. Let us see how much of that jinn charm is going to work
so basically showbaaz did everything commanded to him by the whip wielding mohtorma...During the meeting, he pledged to raise taxes, reduce energy subsidies, float the Pakistani rupee, close the external financing deficit, and amend the budget presented earlier this month, which the IMF said violated the program’s objectives....
what should worry the IMF is the fact that, by the time the IMF loans kick in, probably the next govt could be in place post elections, and they could promptly reject all the conditions agreed to by the previous govt, as demeaning and insulting, just to woo their awam....Manish_P wrote:This paki Analcyst definition of charm is to do GUBO at the fastest speed...
from the farticle -so basically showbaaz did everything commanded to him by the whip wielding mohtorma...During the meeting, he pledged to raise taxes, reduce energy subsidies, float the Pakistani rupee, close the external financing deficit, and amend the budget presented earlier this month, which the IMF said violated the program’s objectives....
The IMF (read that as the US) knows it very well. They have been through it many times in the past. They are fully aware that the power lies with the uniformed jihadis and nothing happens unless they give the green signal for the roll-backs of the 'promises'. The US would much prefer to deal directly with the Fauj but the post-millenium politically correct & social media gen has made it somewhat tough on the optics.chetak wrote: what should worry the IMF is the fact that, by the time the IMF loans kick in, probably the next govt could be in place post elections, and they could promptly reject all the conditions agreed to by the previous govt, as demeaning and insulting, just to woo their awam....
The pakis pretend to make changes, Unkil pretends to have seen it.. and they both promptly get down to negotiations for their geo-political goals - hurting India (munna), hurting Russia/China (unkil). Rest all is smoke.chetak wrote: So all this paki talk of ending subsidies, raising taxes, increasing prices, etc may just so much sharia inspired smoke being artfully being blown by the jihads, seeming so reassuringly ingenuous in their real jihadi world of taqiya, in an attempt to pull wool over the IMF's eyes
...
williams wrote:https://dailytimes.com.pk/1107861/shahb ... imf-chief/
What speed are they talking about?Prime Minister Shahbaz Sharif is affectionately called Shahbaz Speed, a title bestowed upon him by Vice-Minister Zheng Xiaosong of the International Department of the Central Committee of the Communist Party of China in 2018, and Shahbaz has proven himself worthy of this title time and again since then.
Anyways Paki's already celebrating that Shahbaz has done it and the IMF chief is charmed. Let us see how much of that jinn charm is going to workUnlike his elder brother, who has a history of bad blood with the establishment, Shahbaz Sharif has the correct guts and the right attitude to engage them, which he does with ease and comfort and has won them over.
https://www.thenews.com.pk/latest/10851 ... n-six-daysDesperate PM Shehbaz makes 4th contact with IMF chief in six days
Pakistan hopes IMF to take decision about loan programme’s resumption in a day or two
Shahbaz 'Stalker' Sharif, younger brother of Nawaz 'Ball Scratcher' Sharifhttps://www.dawn.com/news/1762025/imf-s ... al-supportThe International Monetary Fund (IMF) said on Tuesday night that it aimed to “quickly” reach an agreement with Pakistan on financial support from the global lender as Islamabad had taken “decisive measures” to align its policies with the economic reforms sought by the institution.
“Over the past few days, the Pakistani authorities have taken decisive measures to bring policies more in line with the economic reform programme supported by the IMF,” the lender’s mission chief for Pakistan, Nathan Porter, said in a statement.
So there are still some gaps? It's confusing.“The IMF team continues discussions with Pakistani authorities with the aim of quickly reaching an agreement on financial support from the IMF,” he added.
Dar also said Pakistan was trying to get the rest of the 977 Billion $ in IMF corpus since it was largely lying unutilized by IMF. He hoped for positive decision by IMF regarding the 977 Billion since Pakistan has done its part by increasing the petroleum development levy by 10Rs. Prime Minister Shehbaz Sharif is expected to call IMF president Kristalina Georgieva to urge her to release the 977 Billion $ tranche at the earliest.Prior to Porter’s statement, Finance Minister Ishaq Dar said on Geo News show ‘Capital Talk’ that the government was working to find a mechanism to get the full $2.6 billion in pending finances under the IMF loan programme.
Dar expressed optimism that an agreement would be reached with the IMF for the release of the much-needed $1.2bn tranche, pointing out that a total of $2.6bn was “unspent” under the programme.
The minister said the government was hoping and trying not just to get $1.2bn pending funds following the completion of the ninth review but also to find a way out for the release of the entire pending amount of $2.6bn.
Plan B is backThe finance minister also said in case an agreement was not reached with Pakistan, the government had prepared a “plan B”, but it would not be in the “national interest” to share further details on this.
Anujan wrote:BREAKING NEWS
Tehmina Durrani, wife of Shehbaz Sharif has filed for divorce citing irreconcilable differences. She made a submission in court that her husband is Calling, Texting, DM-ing a strange foreign woman called Kristalina at all times of the day and night.
She said she has the last straw when her husband and the foreign woman started singing Bollywood songs to each other.
Some of the songs were old like "Sabse Bada Rupaiya" from Shehbaz "Pisa phenkh tamasha dekh" by the foreign woman and some contemporary hits like "Baazi lagaa" from Ishaaq Dar who also joined in.
So all investment decisions are going through the Army wow! And that is plan BNotably, the chief of army staff has assured the government of the military’s full support in this endeavor. The Pakistan Army has also been given unprecedented representation in the apex and Executive Committees of the SIFC, besides near total control of the Implementation Committee.
It is Jihadi economy, what else are you expecting?This Economic Revival Plan, the Foreign Investment (Promotion and Protection) Act 2022, and the increased participation of the army in commercial activities are all detrimental to a fundamental principle of efficient resource allocation — that no sector or actor in the economy should be unduly privileged over another.
The two options include disbursement of $1.1bn under the 9th review. But once approved by the IMF executive board, this would mean the end of the programme, without the possibility of release of two subsequent tranches of $1.4bn.
This, however, is not a preferred option for the government because Pakistan would lose $1.4bn worth of quota approved by the IMF executive board.
The other option under consideration is to enter into a new short-term arrangement with upfront disbursement equivalent to the 9th review ($1.1bn) within the next 15 days (latest by mid-July), followed by two-three more reviews for up to $500 million each.
For both options, the two sides have to announce a staff-level agreement by June 30 for confidence building. The executive board approval could follow over the next week or so.
“For us, the priority is to secure the entire amount of $2.5bn,” informed sources said, adding the authorities had pitched a higher amount for SBA but perhaps that was asking for too much.
They'll go back to their terror games, and China doesn't have to shell out as much money for them now.partha wrote:Sigh! Pakistan saved again. IMF has given a positive statement and the release of funds is almost guaranteed. Pakis somehow manage to survive. To look at the brighter side, long term structural economic reforms will be put off and they will knock on IMF doors again in the near future.
partha wrote:Sigh! Pakistan saved again. IMF has given a positive statement and the release of funds is almost guaranteed. Pakis somehow manage to survive.
This is the true success of the chinese.. give loans at huge interest rates to pakis, get employment for their own citizens, and get their money, with interest, back from the westpartha wrote:To look at the brighter side, long term structural economic reforms will be put off and they will knock on IMF doors again in the near future.
PM forms high-level committee for PIA’s restructuring, revival
Body to deliberate on different options for the restructuring and revival of national carrier
This is like TLP fellows holding the same park in Isloo to ransom till a krore kammandu comes over and distributes moneyPakistan, which is facing a severe cash crunch, has faced an embarrassing situation as its national carrier's plane has been seized in Malaysia over non-payments. Pakistan International Airlines (PIA) Boeing 777 aircraft has been 'seized' over a lease dispute at Malaysia’s Kuala Lumpur International Airport, ARY News reported on Tuesday.
The same aircraft was seized by the Kuala Lumpur airport authorities in 2021 on the same issue.
b) Because none of their aircraft are flying, they are losing their slots due to under utilization and non paymentPIA - Pakistan International Airlines (PK, Islamabad International) is facing legal action in the United States after engine lessor Willis Lease Finance initiated a lawsuit in the US District Court over unpaid engine leases.
Why arent their planes flying? (the ones which have not been seized)PIA - Pakistan International Airlines (PK, Islamabad International) has leased out eight of its London Heathrow slot pairs for the Winter 2022/23 season to avoid losing them due to underutilisation.
Because the pilots have been groundedHowever, the airline is currently unable to use most of them, as it has been banned from flying to the United Kingdom and the European Union since July 1, 2020, after an investigation revealed the widespread forgery of pilot licences in Pakistan. Since then, PIA has been resorting to chartering widebody capacity from other carriers authorised to operate in the UK and the EU to maintain limited services to Europe.
Pakistan exploring how to use PIA to further is geostrategy and aid its national security of objective of Ghazwa-e-Hind. The political leadership reiterated its commitment to making PIA the best airline in the world. The prime minister lauded the role of PIA in furthering Pakistan's geostrategic and geoeconomic objectives in Asia, Middle east, with an eye towards Central Asia and Europe. Pakistan's COAS while inspecting the pilots (who were all tall, and fair, and their musharrafs were very tight), said that Pakistan has demanded special designs from Boeing, for one Pakistani pilot to fly 8 aircrafts simultaneously. Sources reveal that in private talks with Airbus, the president of Airbus had indicated that their cockpit is small and dark primarily to cater to the Indian market. He agreed that since Pakistani pilots were taller, the cockpits need to be larger. And since they are equal to 8 Indian pilots, Airbus is working on a special technology for one pilot to fly 8 aircraft.
Meanwhile Pakistan Institute of Scientific Studies has signed a memorandum of understanding to co-develop 8th generation hypersonic passenger aircraft with China. Sources reveal that this will be a game changer and will cement Pakistan's position as leading authority on aviation.
Shrewd. If Shebaz is arrested by the army, half his funds abroad will legitimately be in (ex) wife's name and can't be touched, even if there is an agreement to seize the funds of convicted people.Anujan wrote:BREAKING NEWS
Tehmina Durrani, wife of Shehbaz Sharif has filed for divorce citing irreconcilable differences.
https://www.imf.org/en/News/Articles/20 ... rrangementPakistan clinched an initial approval from the International Monetary Fund for a $3 billion loan program, lowering the risk of a sovereign default.
The staff-level agreement is subject to approval by the IMF Executive Board, with its consideration expected by mid-July, the Washington-based lender said in a statement on its website.
“I am pleased to announce that the IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month Stand-by Arrangement (SBA) in the amount of SDR2,250 million (about $3 billion or 111 percent of Pakistan’s IMF quota). The new SBA builds on the authorities’ efforts under Pakistan’s 2019 EFF-supported program which expires end-June. This agreement is subject to approval by the IMF’s Executive Board, which is expected to consider this request by mid-July.
could be protecting the family's wealth.Manish_P wrote:Anujan wrote:BREAKING NEWS
Tehmina Durrani, wife of Shehbaz Sharif has filed for divorce citing irreconcilable differences. She made a submission in court that her husband is Calling, Texting, DM-ing a strange foreign woman called Kristalina at all times of the day and night.
She said she has the last straw when her husband and the foreign woman started singing Bollywood songs to each other.
Some of the songs were old like "Sabse Bada Rupaiya" from Shehbaz "Pisa phenkh tamasha dekh" by the foreign woman and some contemporary hits like "Baazi lagaa" from Ishaaq Dar who also joined in.
Big win for China... more high interest loans on the way..(which the west will pay)The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by Pakistan, which is teetering on the brink of default.
The deal — subject to approval by the IMF board in July — comes after an eight-month delay and offers some respite to Pakistan, which is battling an acute balance of payments crisis and falling foreign exchange reserves.
The $3 bn funding, spread over nine months, is higher than expected for Pakistan. The country was awaiting the release of the remaining $2.5 bn from a $6.5 bn bailout package agreed in 2019, which expired on Friday (today)
the IMF’s press release states, “The IMF staff and the Pakistani authorities have reached a staff-level agreement on policies to be supported by a Stand-By Arrangement (SBA).”
It added that the new SBA will “support the authorities’ immediate efforts to stabilise the economy from recent external shocks, preserve macroeconomic stability and provide a framework for financing from multilateral and bilateral partners”.
“The new SBA will also create space for social and development spending through improved domestic revenue mobilization and careful spending execution to help address the needs of the Pakistani people,” the IMF said.
It further said, “Steadfast policy implementation is key for Pakistan to overcome its current challenges, including through greater fiscal discipline, a market-determined exchange rate to absorb external pressures, and further progress on reforms, particularly in the energy sector, to promote climate resilience, and to help improve the business climate.”
KARACHI: Pakistan will become the fourth largest International Monetary Fund (IMF) borrower in the world after receiving additional loans of $3 billion in the next nine months under the standby arrangement from the global lender.
According to the lender’s data, as on March 31, 2023, Pakistan was ranked fifth in the list of countries with the highest borrowing from the IMF.
However, after receiving another $3 billion in the next nine months under the standby arrangement made two days ago, Pakistan will move to the fourth place in this list.
Earlier, in terms of loans from the IMF, Argentina ranked first with $46 billion, Egypt stood at second place with $18 billion, Ukraine came in third with $12.2 billion, Ecuador took the fourth spot with $8.2 billion, and Pakistan was at fifth position with $7.4 billion.
Now with loans worth $10.4 billion, Pakistan will overtake Ecuador to become the world’s fourth-largest IMF borrower.
It seems that the euphoria over the International Monetary Fund (IMF) Stand-By Arrangement of $3 billion fizzled out as the dollar appreciated despite a significant improvement in inflows.
The State Bank of Pakistan (SBP) reported the closing price of the dollar on Friday at Rs 277.59 in the interbank, showing an appreciation of Rs 1.13 from the previous day’s closing.
The inflows from the IMF, Saudi Arabia and the United Arab Emirates had changed the sentiments during the early days of this week but the dollar’s appreciation on Friday indicated return of dollar domination.
The foreign exchange reserves of the SBP increased by $4.2bn due to new inflows, making the total reserves of the country as $8.7bn.
The improvement, which provided strength to the local currency for few days, could not last even a week.
