1 August 2018

Appeal to IMF not to pay Pakistan 12 Billion Dollar for Bailout to pay China debt



Appeal to IMF not to pay Pakistan 12 Billion Dollar for Bailout to pay China debt

I forcefully appeal that the funds asked by Pakistan for bailout plan to pay China debt should be cancelled.

At this juncture, Forex reserves in Pakistan fell to $15.1 Billion in May from a peak of $24 Billion in 2016. Following current-account deficit of $15.2 Billion last year.

Pakistan has taken nuke arsenal for from China for using against India and now wants to make the payment through IMF.

US has also protested and IMF should restrain credit to Pakistan.

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