IMF, please refuse further loans to Pakistan !

I am very happy that the finance minister and his team have returned with an empty bowl from  their begging trip to the IMF. I request the IMF and other loan giving agencies to refuse further loans to Pakistan. In any case much of these loans are squandered instead of being spent on the welfare of the people. It is high time we should learn to exist without begging. Our government functionaries right from the president down to an office peon should impose strict austerity upon themselves and cut all their expenditures by a minimum of 50 percent. The nation would be obliged to follow suit, thus eliminating the need to beg from others.   -- Faridul Haq, Chitral, 21 Apr 2011.

Comment 1

We all were happy that IMFrefused to disburse loan to Pakistan. It is no denying the fact that America has realized how to deal with Pakistan for serving her interest and Pakistan also knows the techniques to get loan from US. When IMF refused to give loan to Pakistan, government sensed it and some political leaders in parliament did a walk out and some agreed to sit in against US drone attacks in Pakistan and even the government itself flexed her muscles. US instantly perceived the threatening situation and used her favourite policy of “Carrot and Stick” and disbursed money under Kerry Lugar bill for getting the support of Pakistan. This is the condition and ground realities which seem to be developing in our country and its trickle down effects directly and indirectly come into the shoulders of the man in the street -- AM Khan, Charun Chitral, 22 Apr 2011

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