Pakistan, IMF and USA

 Pakistan, IMF and USA

Despite the government's assurances and strict measures, the IMF staff-level agreement is at a standstill due to the behavior of the IMF, new conditions and demands every day and there is no hope of restoring the agreement in the coming days. Recently, the IMF had set four preconditions for the agreement with Pakistan, including a 3.82 per unit increase in electricity prices, an interest rate hike, exchange rate market linkage and written assurance of external financing. Almost all of these pre-conditions have been fulfilled by the government to a great extent, but despite these strict government measures, the IMF has not agreed to the staff-level agreement, while the government looks helpless and Pakistan has the demands of the IMF. There is no other option but to accept.

Pakistan, IMF

Some analysts are describing the current situation as similar to 1998 when Pakistan faced the toughest conditions from the IMF, but today the situation is different and the delay in the restoration of the agreement should be understood in the international geopolitical context. Required. It is obvious to all that the IMF is an extension of the foreign policies of the US or other world powers and it formulates its policies based on their wishes. The recent tension and confrontation between the US and China have taken the form of groupings in the region, on the one hand, the US considers India as its supporter in the region through which it wants to establish its presence in Asia, and on the other, Pakistan. Considered pro-China. This is the reason why in the current situation America is using the IMF as a weapon against Pakistan, that is why the IMF is delaying the renewal of the agreement with Pakistan and imposing new conditions.

Pakistan, IMF and USA

America's strategy is that China should financially bail out Pakistan in Pakistan's current economic crisis, but if China does not support Pakistan in difficult times and Pakistan defaults, then China will be held responsible and Pakistanis will be held accountable. This negative propaganda should be spread among the public that China, which Pakistani people consider as their long-time friend and we are China's partner in CPEC, has left Pakistan alone in bad times. On the other hand, the United States is adopting a similar strategy for Saudi Arabia and the Gulf countries, if they do not come to Pakistan's aid in this hour of difficulty, then the impression can be given to the Pakistani people that friendly countries have not helped Pakistan in bad times. It is worth noting that the relations between the United States and Saudi Arabia are at a low level today and the United States is not happy with the reconciliation between Saudi Arabia and Iran with the help of China. F is well aware of the nexus. This is the reason that the clear assurance of China regarding external financial financing has come and after the 700 million dollars from China, Pakistan has received another 500 million dollars in loan amount while Pakistan and China for 300 million dollars loan. Progress continues Similarly, Pakistan is expected to receive additional deposits of 2 billion dollars from Saudi Arabia and the UAE in the coming time, after which Pakistan's foreign exchange reserves will reach 10 billion dollars, which is included in the terms of the IMF. However, the possibility cannot be ruled out that even after Pakistan's staff-level agreement with the IMF is finalized, the IMF will take more delaying measures to get the agreement approved by the Executive Board so that Pakistan's problems continue and the sword of default will continue. Keep hanging.

In the current economic crisis, Federal Finance Minister Ishaq Dar's statement in the Senate about not compromising on the long-range nuclear missile has started a new debate and speculations have started on issues related to national security, however, the Finance Minister has denied his statement. had to be denied. In the current uncertain situation, all the political parties have to go beyond politics and play their role in the national interest, otherwise, we will get caught in the trap spread by the enemy, which I mentioned in my previous column "Pakistan in the trap of economic killers". I have done. On the other hand, Pakistan needs to activate its foreign policy on an emergency basis. Prime Minister Shehbaz Sharif should make immediate visits to friendly countries to make them aware of the US, and IMF nexus against Pakistan. The managing director of the IMF said in his statement some time ago that the IMF wants the poor people of Pakistan to be protected, but in the current situation, the poor are the most affected by the words and actions of the IMF. There is a clear contradiction.