Pakistan sacks 150,000 government staff for $7 billion IMF loan | Economic crisis explained | Debt

The IMF bailout of 7 billion USD for Pakistan comes with many conditions... conditions that have forced the Pakistani administration to take drastic cost cutting measures, reducing the size of government. At the same time, the Shabaz Sharif government is hoping to increase the tax base and tax revenues as a whole. This is easier said than done in a country with low levels of tax compliance.

#Paksitan #PakistanEconomy #Inflation #IMF #ShehbazSharif

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[VijaySharma-tk]

All those dollars end up buying propertes in UK Canada and uae😊😊

[Prasanna-]

& they want to invest in Kangladesh & support Khujlistan also😂😂😂

[amandaroba]

24 bailouts since 1958, thats insane.

[sramay]

Most of military expenditure will never be cut. All generals are well settled in west. Poor Pakistani with jazba will live with poverty

[mogeking]

A lot of family members work for the government doing absolutely nothing except playing video games all day

[Bpositive]

Cut the money for terrorist activities and pay the loan, very simple!

[dilipupadhyay]

Those nations and IMF who gives funds to Pakistan are fools.

[subramaniansivasubramanian]

Pakistan: Dont expect $5 Billion from Saudi Arabia.

[faisalmahmood]

Yes Pakistan need a big change with the government.also it's too much corruption.

[uppercrust]

What about all that offshore oil & gas Pakistan claimed it found? Why doesn't it start selling that? They won't need to take IMF loans then.

[HappyKafir]

Do what they may, unless the army is cut by at least 35%-50%, this just is another ineffective temporary bandage.

[ravichopra]

Waqf board has contributed a lot to help Pakistan economy nowadays

[AhmedHussein-ottx]

Shame on the pakistani army, and the corrupt politicians, army and politicians filling up their pockets

[nb]

All those who lost job will now say... "Raaa ki sazish hai"

[edwin]

It is difficult to come standing for Pakistan. Population is increasing, a religious state, military is taking in lots of their resources, surrounded by their own created enemies ; all are bad for them in the short and long run.

[remidsouza]

If UAE and Saudi is brotherly and China is friendly then Who is IMF?. Mother??😮😮

[hrishikeshbasumatary]

Too much religion is never good
Same thing for India as well

[tejindersingh]

"transitional pain"....as if they will transition to something good...

The correct term is permanent pain

[roos]

Wow, riyasati hi modina in the making.. 😅😅😅

[SRK-I]

Let anybody wants to move from Kashmir to Pakistan pay them to go.