Peregrine wrote:Pakistan Begs on its Own Terms
Deal with IMF on our terms : Dar
Vowing to put the staggering economy back on track at any cost, Finance Minister Ishaq Dar has said that Pakistan will negotiate with International Monetary Fund (IMF) on its ‘own terms’ for fresh loan package to repay the previous one and will bear ‘no dictation’ in this regard.
Dar: Pakistan is an Islamic Republic and the IMF/ World must understand its sensitivities. Only shariah compliant loans will be acceptable (NO interest loans onlee), better yet 'loans' with no payment penalty (Jizzya) is considered more halal. Not providing loans on Pakistan's terms will only strengthen the hands of extremists (state and non state actors). Pakistan is a nuclear 'powered' country.
Q. Why is Pakistan approaching the IMF for loans? Why not from Islamic banks?