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Pakistan lands $7.6-billion loan from IMF

Reuters

Latest comment posted at 4:43 PM EST 15/11/08

Emergency loan will be used to stave off balance of payments crisis, pave the way for broader economic rescue plan ...Read the full article

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  1. Chris E. from Canada writes: Pakistan is a huge country more than five times the size of little Canada - 170 million verses 33 million.

    Pakistanis have a very high birthrate, and their excess numbers have been fleeing to colonize Western countries, a move they have been very successful at until now.

    Pakistan's education system is largely modeled on the British curiculum, and England is a popular destination after graduating.

    Britain has finally admitted that mass immigration has had a negative effect on their country, and that avenue may soon be closed. Canada is also not in a position to take in any more, for security, economic, and environmental reasons.
  2. Zando Lee from Vancouver, Canada writes: ....oh, good...now fire up the drones.....
  3. Andre Carrel from Salmo, Canada writes: Now here is an example of a country that has blown much of its wealth on ridiculous military expenditures.
    How much of Pakistan's resources, material and human, have been wasted to equip the country's military with nuclear weapons? How utterly useless these weapons, the warheads and the missiles that go with it, in view of the country's internal security problems. More than a waste, Pakistan's decision to go nuclear has contributed to the proliferation of such weapons and thus created more instability in the region.
    Not a penny should go to such a country unless it surrenders its nuclear weaponry and all the military hardware related to it.
  4. moe left from Toronto, Canada writes: So one of the most corrupt politicians ever comes into office and suddenly pakistan has no money? Even Saudi won't lend them money cause they know MR. 10% is hard at work thieving his way through the treasury.

    He's also incredibly incompetent.

    And to Andre... Saudi in fact paid for the nuclear weapons. Many think they did it just in case the ME went completely nuclear they would also have the technology. It would just be in another country. And it wouldn't affect their relationship with the U.S.
  5. N A B from Canada writes: The most likely economic and social solution for Pakistan in this century will be to rejoin India in some sort of federal/dominion kind of framework as envisaged by Jinnah. The likelihood of this is evident as India is turning into an emerging economic power while Pakistan teeters on the brink of disaster. In spite of past animosity the practical thing for the two countries is to erase the line of partition and come together. The tragedy of partition is soon to become a footnote in history with the new generation looking for opportunities to succeed rather than tie their horse to the past. The Kashmir issue that was always a burning issue of the day is hardly spoken about by Pakistan's leaders anymore. And being joint at the hip with India it is just a matter of being sincere in addressing the issues that will largely benefit both countries.
  6. Syed Abbas of Toronto from Seattle WA, United States writes:

    N A B: Greetings

    ' ... most likely .. solution for Pakistan ... rejoin India .... federal/dominion .. framework ... Jinnah ...'

    Very unlikely. Firstly, Jinnah was a Mohammedan, not a Muslim. He was ahead of his times. His fight with Nehru/Gandhi was economic outlook. Jinnah favored Mohammedan socio-economics - univefrsality, human Rights, Justice, emancipation of women (cf his daughter/sister), Meritocracy, Peace, and above all Free Trade. Caste conscious Nehru opted for corporate socialism and a straitjacket economics with not trade.

    True, India did abandon its past ways adopting Jinnah-like program in the end, but it is Pakistan that has come into anti-Mohammedan anti-Koranic Saudi orbit. Unless the Wahabbis and the Talibans are defeated little progress on India/Pakistan front will happen.

    ironic how Allah is Merciful. It will send a Sunni ex-Muslim Obama to bring Pakistan back to Mohammed. Even Obama's socio-economics program is Mohammedan to its core.

  7. Syed Abbas of Toronto from Seattle WA, United States writes:

    moe left: Greetings

    ' ... Even Saudi won't lend them money cause they know MR. 10% is hard at work thieving his way through the treasury ...'

    Your logic is hard to follow.

    The 10% is the norm in all Muslim countries (except Iran, Azerbaijan, and Lebanon). The 10% is on Islamic books and has a 1,400 year old history.

    Mohammed the small businessman was for free trade. In fact his fight in Mecca was with corporate capitalists, bankers, and trade monopolists.

    Immediately after his death the trade monopolists did a counter-revolution. Within 10 years of his death the second Caliph Omar imposed a 10% duty ('ushr' or tithe) on all goods and services from non-Islamic sources. This has transformed today into the 10% markup on foreign contracts in all Islamic countries that are not Shia (i.e. Mohammedan).

    Tariff is an Arabic word of Muslim origin. The 10% is in Muslim DNA and not going anywhere. Mainstream Muslims do not see it as corrpution, but Sunnah of Caliphs.
  8. Andre Carrel from Canada writes: moe left from Toronto, Canada writes: Saudi in fact paid for the nuclear weapons.

    It does not matter who gave Pakistan the money to build nukes. My point is simply that a country who can 'afford' to build nukes and the missiles to go with them does not need - make that deserve - financial support from any international agency, be that IMF, World Bank, or the Red Cross for that matter.
  9. moe left from Toronto, Canada writes: syed.

    I meant that he's a thief. He steals money and takes bribes. It had nothing to do with mark up.

    And to Andre, pakistan didn't really have problems paying the bills until recently. Saudi or the U.S. was covering a lot of its military expenditures. It was when the new government came in that everything went down the sh*t hole.
  10. Syed Abbas of Toronto from Seattle WA, United States writes:

    moe left: Gfreetings

    ' ..... I meant that he's a thief. He steals money and takes bribes. It had nothing to do with mark up ...'

    Mr. 10% made all his money by marking-up the foreign contracts signed by the government of his deceased wife.

    You and I may consider him a thief, but Muslims in Pakistan do not consider him to be so. They elected his Party with majority vote, and appointed him the President. 10% is not theft - it is the Tradition of their Caliphs. Some sort of Seigneurial Rights of European Middle Age.
  11. Roop Misir from Toronto, Canada writes: Syed Abbas of Toronto from United States writes:

    ... 'Mohammed was degraded to an illiterate pedophile.'...

    Strong words indeed.
  12. Roop Misir from Toronto, Canada writes: Syed Abbas of Toronto from Seattle WA, United States writes:

    ' ... most likely .. solution for Pakistan ... rejoin India .... federal/dominion .. framework ... Jinnah ...'

    Hi Syed,

    Won't this be a disaster for the subcontinent?

    Sure certain countries would like to see the demise of the rising star, India! Pakistan rejoining India will spell the reversion of India to less than third rate status, like the Republic Republic Republic of Pakistan.

    On a similar topic, the government of Pakistan website suggests that the history of the Islamic Republic of Pakistan began in 1947 with its excision from India!...Nothing before that!

    So there you go!
  13. J Canucklehead from Disband the UN, Canada writes: Hopefully there were strings attached. Namely prosecuting the counterinsurgency against the Taliban within their borders to the utmost and reining in their allies in the ISI. Canadian dollars shouldn't be used otherwise when our men and women are in harms way.
  14. moe left from Toronto, Canada writes: You are either a thief or your not. He was facing charges in switzerland, and in fact the pakistanis also considered him a thief, that's why he was exiled and was facing corruption charges. Those swiss lawyers said they had enough evidence to put him behind bars. And i know for a fact paks don't like him. Don't they call him something like 'little owl' which means idiot? This guy and his wife are known crooks, and one would hardly consider them devout muslims. He was talking to Sarah palin like he was getting all horny.

    The man disgusts me on multiple levels. And you can also tell he disgusts most in the international community especially pakistans number 1 ally saudi. Saudi was always willing to provide financial aid until he came in.
  15. N A B from Canada writes: Syed Abbas, your inherent anti-Hindu bias is evident:

    'Indians are caste conscious, civilized, docile, slavish. 2% Sikhs have managed to control 80% of the Hindus. '

    Any stats to prove this?

    Nice try in trying to whitewash moe's points.
  16. N A B from Canada writes: You call these stats? By quoting Punjabi success in Brampton? Hilarious!! You might have wanted to add Wajid Khan to the pot but I guess he is Pakistani and of course you have this soft corner for Pakistanis being one yourself. So I will let it rest.

    You really think people on these boards are naiive, don't ya?

    I have visited a fair number of countries in my lifetime, including India and Pakistan. If Manmohan Singh is the Prime Minister of India, Sonia Gandhi an Italian, the leader of the largest party in India; balance of power in govt held by the Schedule Caste party of Mayawati; a woman President of India, Pratibha Patil; and a former President of India a Muslim, A J Kalam, I would give all these achievements to India's Hindus who, despite their imperfections, invited one and all to live and partake from their land. When your religious Pakistan attains a modicum of respect for other religions then we shall talk about progress.

    Keep writing, though, your notes are truly amusing.
  17. Syed Abbas of Toronto from Seattle WA, United States writes:

    N A B: Greetings

    ' ... You call these stats? ...'

    I am not getting in this game. Reality can always be buttressed by stats, but then those who are bent in not believing question the source ...

    But why are you discussing India on a board that is meant for Pakistan? Go do it on the story about AECL's dealings with India. I guess you Indians can not digest your food unless you compare yourselves with Pakistan. Try yourself competing with China for a change.

    Cheers
  18. N A B from Canada writes: 'Indians are caste conscious, civilized, docile, slavish. 2% Sikhs have managed to control 80% of the Hindus.'

    Well, you are the one who got this started with Indians and Hindus. You are welcome to share your personal views on Pakistan. But when you quote facts out of context one would assume relevant facts to back up your claims. So my asking you for facts.

    But now you don't want to 'get into this game' when I provided you with some known facts.

    I have no interest in defending India or any other culture or religion. But as a reader I could not help notice your deep dislike for Hindus and Indians. Rather queer considering the way you extol your religion but don't have the depth in appreciating another's.
  19. subhashis nag from Ottawa, Canada writes: Rhetoric and rabble rousing should be set aside and the true issue analysed.Pakistan is exploding its population.UN statistics show that country is recording an astounding 2.34% annual increase in population.If Dawn newspaper is to be believed, the government of Pakistan has turned to Bangladesh for family planning advise.BTW Bangladesh has been the most successful Muslim country in birth control.You may trun to any Bangladeshi family and compare him to a Pakistani in your neighbourhood.You may note that the Pakistani has 100% more children than his Bangladeshi counterpart.Pakistan is facing huge problems of the economy with no light in sight.If the country collapses, the world may get to see an extra 133 million terrorists, some armed with nuclear bombs.This will create havoc.It is better to lend them some money and help them put their economy back on rails.A prospering Pakistan may see a reduced population growth.Also, Pakistan and India should survive as neighbours. There is no need to unite.India has its own course in to a bright future. Pakistanis have a destiny of their own.It will be best if the two countries allow free trade but restrict human movement across the border.The type of Islam practised by Pakistanis is the terror laced type.It will be impossible to assimilate such a militant version of Islam in to the democratic framework of India.Syed Abbas,I agree with you on Obama.I feel he is very much of a Muslim masquerading as a Christian to capture power.He may prove to be Muslim world's Trojan horse.The Christian world is getting irreversibly Islamised through multiple assaults of legal and illegal immigration and Saudi money induced Islamization.Barack Obama may be the final weapon.Democracy and freedom is being used to smash down the religion which gave so mcuh good to this world.By the way, Syed, I am not a Christian,in case that is your next retort.However,I bemoan and deeply regret the ease with which Islam is eating away the vitals of Christianity
  20. Syed Abbas of Toronto from United States writes:

    Syed Abbas Ki beti ki Izzat ka lutera: Greetings

    Sorry mate. Wrong Syed. I do not have a daughter yet. I will worry when I get one.

    Cheers
  21. Syed Abbas of Toronto from Seattle WA, United States writes:

    subhashis nag: Greetings

    ' .... the Pakistani has 100% more children than his Bangladeshi counterpart ...'

    The fundamental question of existence is survival, growth, and evolution.

    Whatever the state of Islam in Pakistan, it is much better than the state of Hinduism in India, or for that matter, Islam in Bangladesh.

    Pakistanis are simply more efficient. Given a unit resource they manage to have more children. Hinduism and Bangla Islam are relatively inefficient socio-economically. Hierarchical societies generally are. Caste System leads to specialization of labor with local efficiencies, but global inefficiencies.

    That is why despite a higher level of ecucation and income in India Pakistanis enjoy a better health and living conditions. They are winning the game of survival, growth, and evolution.

    Survival of the fittest means survival of the efficient.

    Cheers
  22. Syed Abbas Ki beti ki Izzat ka lutera from Canada writes: its ok, good ol' chum, I'll make one through your wife.

    And then do as I am dutifully stated.

    Your friendly, neighborhood, slavish, docile Hindu.
    Toodleoo.
  23. Syed Abbas of Toronto from Seattle WA, United States writes:

    Syed Abbas Ki beti ki Izzat ka lutera: Greetings

    ' .... its ok, good ol' chum, I'll make one through your wife. ..'

    Out of luck there too. Not your night tonight. This not Baseball and I do not believe in three strikes anyway. You are out already. Clean Balled.

    Cheers
  24. moe left from Toronto, Canada writes: Syed, I have no idea what so ever why u are talking about trade and tarriff. The canadian government has tarrifs, and stephen harper is not a thief. Say if someone wanted to open a biz in canada and the only way to get it was to pay off Harper himself (not the government of Canada). That would be labelled corruption. It would be labelled corruption by any standard as he using his position to benefit himself at the cost of the country.

    If Canada was a poor nation and people donated, and Harper took some of that money he would be a thief.

    And stop calling pakistan a muslim nation. Muslims may live there but the system is hardly islamic. It's more of European feudal system. Which means the rich essentially have an oligopoly on all aspects of the economy including land. In fact pakistani culture has many elements of hindu culture. Look how popular bollywood is in pakistan. Or how the rich are seen almost as a different people compared to the poor.

    Just think about. Saudi a country that recklessly throws its money all over the place (including U.S. banks) won't lend this guy money. That should tell you something.

    The caliphs where wealthy powerful empires, something pakistan is no were near attaining. They didn't get that way by having people like zardari leading them.
  25. Syed Abbas of Toronto from Seattle WA, United States writes:

    Syed Abbas Ki Ma beti or Behen ki Izzat ka lutera: Greetings

    ' ...hi andrew .. I have already taken care of that dlck riding fagg0t with my first comment. I loved to take him on, in a 'debate' as your propose. But they are nearly not as effective my first assualt at him ...'

    Hey. What ever happened to your colorful first post? Withdrew it? Could not take the heat eh? It did look like frustrations of a desperate culture or religion. In contrast we Mohamedans are cool. We watch our adversaries commit suicide.

    Now We watch with facination the rise of Hindu fundamentalism in India. It will take India back 4000 years. During this history India was conquered by 7 foreign civilizations. Since Hinduism believes life is a circle, well the circle is coming back back and then some.

    I was mistaken that you were clean bowled. In fact you people are more run out because you start doing things that you should not do.

    Learn from history, or condemned to repeat it.

    Cheers
  26. Andrew Manavian from Toronto, Canada writes: Syed Abbas, your previous comment was anti-Caucasian, and now anti-Hindu...wow, you don't get tired or ticking people off, do ya? What's next, a diatribe on Marvin the Martian?

    'Pakistanis are universalist, egalitarian, violent, gun and freedom loving, hate government, mobile, masterly. Therefore the high level of internal turmoil.

    Indians are caste conscious, civilized, docile, slavish. 2% Sikhs have managed to control 80% of the Hindus.'

    Any takers to debate the truth (or lack of) of this latest Abbas-ism?

  27. Syed Abbas of Toronto from Seattle WA, United States writes:

    moe left: Greetings

    I have no idea what you are talking about in your long 9:58 PM EST post.

    Perhaps you could be more succint and to the point.

    Cheers
  28. Syed Abbas Ki Ma beti or Behen ki Izzat ka lutera from Canada writes: hi andrew,

    I have already taken care of that dlck riding fagg0t with my first comment. I loved to take him on, in a 'debate' as your propose. But they are nearly not as effective my first assualt at him.
  29. Hamzakoya Malabari from United Arab Emirates writes: Syed Abbas. hah..ha..But Zardari is a Shia.

    Could you now please distort some more truths with lies.
  30. Hamzakoya Malabari from United Arab Emirates writes: Syed Abbas of Toronto from Seattle WA, United States writes:

    moe left: Greetings

    I have no idea what you are talking about in your long 9:58 PM EST post.

    Perhaps you could be more succint and to the point.

    Cheers

    --------------------

    Perhaps, you should follow your own advise more!
  31. Hamzakoya Malabari from United Arab Emirates writes: moe left from Toronto, Canada writes: '.....He (Zardari) was talking to Sarah palin like he was getting all horny....'

    hahahah!!! The guy didn't manage to get any after he killed off his wife.
  32. Syed Abbas of Toronto from Seattle WA, United States writes:

    Hamzakoya Malabari:

    ' ..... Syed Abbas. hah..ha..But Zardari is a Shia ....'

    Who cares. People in power do not have sects. He is following the 10% markup Tradition of the Sunni Caliphs.

    The Shia do not tax imports. They have a 1,400 years tradition of taxing at 20% the net income after expenses, somewhat closer to the Canadian rate today.

    Cheers
  33. Syed Abbas of Toronto from Seattle WA, United States writes:

    Hamza: Greetings

    Explain me one thing Hamza. Why people with Sunni names like yours are bent on trashing your own sect? Salman Rushdi comes to my mind.

    Have you really started hating your fabricated homo-morphic god and your prophet whom you degraded to an illiterate pedophile?

    First you create your own gods and your own prophets in your own image, then you trash them. No wonder you are in the pits.

    Cheers
  34. harry carnie from Northern, B.C, Canada writes: Oh!...good.............as with any other country, that is what Pakistan needs.... a few more million/billionaires.

    Anyone who believes this money will benefit the average Pakistani is living in 'La, la land'
  35. Hamzakoya Malabari from United Arab Emirates writes: Syed, for a Rusdie, there is a Ali Sina.

    Seriously, stop lying.

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