Posted on 05/16/2022 5:02:44 AM PDT by FarCenter
PESHAWAR – Taking its cue from Sri Lanka, Pakistan is heading toward bankruptcy amid a highly charged political atmosphere marked by threats of a march on the capital Islamabad by the ousted prime minister, who is demanding fresh elections in the country by May 20.
The political instability, analysts fear, may turn violent in the coming days, affecting Pakistan’s reeling economy, which has been headed toward default-like situation.
The country’s foreign exchange reserves are falling, food inflation is spiraling and the Pakistani rupee is on slippery ground, showing massive 21.72% drop during the current financial year.
Economic experts and analysts have been demanding a financial emergency to deal with looming economic challenges. They suggest that Rs.800 billion (US$4.1 billion) tax exemptions available to the corporate sector be withdrawn and higher taxes be levied on land and property holdings.
They also want cuts to non-combat defense spending, a special emergency tax on vehicles 1600cc or more, doubling the electricity tariff on residential properties 800 square yards or more, downsizing federal government departments.
...
Former prime minister Imran Khan, who was removed from office after no-confidence motion against him last month, has been pulling massive crowds in back-to-back public meetings, instigating the masses to rise up against “the US hegemony and its collusive role” in changing his democratic regime through what he says were undemocratic and unconstitutional means.
Khan came to power in 2018 in highly controversial elections, which critics claim were rigged, monitored and manipulated by the Inter-Services Intelligence (ISI).
Khan claims the powerful army with whom he had excellent rapport during his tenure did not back him in frustrating the designs of foreign and local conspirators. “I told the military leadership and also sent my finance minister to brief them that if the plan succeeded, the economy would crumble.”
(Excerpt) Read more at asiatimes.com ...
Can’t their printers just go brrrrrrrrr...
I doubt that international lenders make loans that can be repaid in Pakistani rupees.
Well....not really.
But I’m sure this will be leveraged to full potential on behalf of the WEF
“amid a highly charged political atmosphere”
The coup there last month was another success story from the people who brought you the war in Ukraine - the NEOCONS!
Who cares?
Awwww....let me get out my tiny violin. A terrorist state which harbored bin Laden gets ZERO sympathy from me.
I guess they could threaten to sell a few of their nuclear weapons.
(s/)
That would likely get them the money. Don't much like the idea of a muzzie country with nukes and a need for lots of money.
They wanted to go full Taliban, then welcome to the Taliban economy... You can’t have it both ways.
Couldn’t happen to a more deserving country.👏👏🤗
—”I guess they could threaten to sell a few of their nuclear weapons.”
And if Putin prevails Packy nuke sales will be off the charts.
YOU TOO CAN HAVE YOUR VERY OWN NUKE TO SHOW ON THE TV!!!
AS SEEN ON TV!!! JUST LIKE PUTIN, HIS GRUNTS MAY HAVE BEEN DRUNK, BUT JUST THE SIGHT OF HIS MINI NUKE DID THE JOB.
Tired of the crappy infidels next door?
Call Ali at 1.800.328.7448
We are very busy but looks like one line is OPEN!!
CALL NOW!...and be sure to ask for your sunni discount!!!
Some people fail to see what is happening, they only will see it when it is too late.
I guess people on this site will think it is a okay when the Nuland group oust Jair Bolsonero the conservative leader of Brazil. Nuland has been down there stirring up the next domino to fall into the NWO/WEF.
They will ignore the connection to the leftist neocon cabal they are supporting running Ukraine.
Probably too late to stop all this anyway. meh
Biden will bail them out. There’s plenty of money and resources to help his buddies.
And it has !ing been feared Pakistan would slip the KSA a few nukes should they come to suspect their American nuclear umbrella is really a paper parasol.
Whoever controls the Biden regime and King Salman are not happy playmates:
https://english.alaraby.co.uk/opinion/can-biden-mend-rocky-us-saudi-relationship
Xi is smiling and getting royal invitations.
Ugh. Not !ing but long. Just call me fumble fingers. I need more coffee!
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