Excellent IMF clause : Federal govt servants must disclose assets to open bank accounts

[nahtanbob]

Most of the assets are offshore, won't make an of iota of difference. If IMF were really serious they would have called for controls at the destination of the Laundered loot, i.e. US, EU, Dubai, Cayman Islands et al.

post 9/11 laundering money in USA is not easy for Pakistanis

 

[Ssan]

.,.,
The IMF had 4 demands:
1. Flexible Exchange Rate
2. New Taxes to fulfill revenue shortfall.
3. Electricity & Gas Prices increase
4. Past 6 months electricity bills - prices increase.

1,2 are good. 3 needs to be done for gas and oil prices so that they match international prices. If we can get cheap gas or oil from Russia that will also work.

As far as electricity goes, at this point, just nationalize the IPPs. That would be a good type of default where we would void corrupt contracts that PDM govts of past made. To relatives / lackeys of theirs. Terminate those contracts and the ones in CPEC as well.

Long term electric prices are coming down anyways due to renewables.