An Open and Urgent Letter to MD IMF

Dear Managing Director of IMF,

I am writing to request your consideration in restructuring/deferring loan payments for Pakistan, as the country has faced severe economic and infrastructure losses in the past two decades because of terrorism and floods. Despite being a front-line state in the War on Terror, Pakistan was left alone to face the consequences of its losses of over 83,000 lives compared with 5000 KIA of the entire NATO allies; and over $1000 billion losses in the economic and opportunity costs. Even today in provincial captital city of Peshawar a suicide attack in the mosque killed and wounded over 200 persons. In fact, Pakistan still continues to wage a battle of survival against the terrorism and the IMF must not dictate terms for loans, as if these are the days of peace and tranquility, which acts as the prime mover of any country’s economy. For the citizens of Pakistan the conditions are far worse than Ukraine.

Furthermore, the country’s economy was dealt a severe blow by the floods last year, resulting in losses of over $40 billion. Under the circumstances, It is imperative that IMF supports Pakistan in resurrecting its economy rather than penalising for its support in the War on Terror.

I respectfully request that IMF team now in Pakistan should be advised to reschedule/restructure loans and interests payments of Pakistan and IMF HQ in Washington, as an out-of-the-box solution to aid Pakistan should suggest to the developed countries of the world to allow a zero-rated tax regime on entire imports of Pakistani exports. This will serve as a reward for the country’s unwavering stance in the cause of freedom and world peace.

Thank you for your time and consideration.

Sincerely,

Syed Nayyar Uddin Ahmad

+ 92 3219402157
Lahore – Pakistan
30 January 2023