Loud Thinking August 26, 2013 at 10:17AM

Daily The News reports today that “Conditions of IMF met for $7.3 billion bailout package”.

Mr. Ishaq Dar kindly clarify what is going on with the economy of Pakistan?

7 questions to the Finance Minister of Pakistan..!

1. First you stated on the floor of the house that we are taking loan from the IMF to repay the old loan.

2. You also stated on the floor of the house that the loan amount from the IMF will be $5.5billion at an interest rate of 3%.

3. You also stated on the floor of the house that loan terms will not be against the interests of Pakistan.

4. Then you increased the electricity tariff for the Pakistani industrial users by a whopping 70% to fulfil the IMF conditions for the loan.

5. Don’t you think this power tariff increase will destroy our economy and create unemployment as the cost of production will make the goods even costlier and the poor will become even more poorer?

5. Why you earlier misleadingly said that $5.5billion is being taken for loan repayment and now the cat is out of the bag and the loan amount is actually $7.3billion?

6. The above fact at #5 also proves that you also wrongly said that this loan was being taken to repay the old loan.

7. Hope you remember the maiden speech of the PM in the Parliament House wherein, he promised with the nation on the floor of the house that nothing will be hidden from the nation. Then why you hid the fact that this loan is being taken NOT just for the repayment of the loan and why you hid the fact this loan amount was actually $7.3billion.?

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