The prime minister of Pakistan, Shehbaz Sharif, promised to change the economy of the country, to help the crisis, while facing very disputed elections this year, after the government agreed on refinancing. International Monetary Fund to avoid the risk of default.
Pakistan and Il Fondo Monetario Internacional (IMF) llegaron el viernes a un acuerdo tentative sobre un paquete de loanes a corto plazo de nueve meses después de meses de tenas negociaciones, lo que helped a evitar un cumpli delasque país caeron precariamente. Se espera que la junta directiva del FMI apruebe el acuerdo a medidad de este mes.
Sharif praised the agreement, which was produced after Islamabad accepted a package of painful economic reforms, and called it a “much-needed break”.
Aggrego que si bien el acuerdo “ayudará al país a lograr la estabilidad económica, los países no se contrujen con prétanes” “Rezo para que este nuevo programa sea el ultimo”
“Detuvimos el decliva, ahora tenemos que pasar al cresimiento”, dijo Isaac Dar, el ministro de finanzas, el viernes.
Las acciones paquistanies registraron su mayor alza in tres anos despues del acuerdo, conel indice de referencia KSE 100 saltando un 6 por ciento el lunes por la mañana, deteniendo el comercio durante una hora en Karachi.
The agreement also provided an impetus to the sovereign bonds of Pakistan, which increased considerably during the last week with the hope of a rescue. In the year In 2024, at $0.42, the dollar rose a little over $0.72.
Sharif said that the agreement with the IMF would strengthen the position of his government against his archrival Imran Khan, a former cricketer and prime minister who was overthrown by the parliament last year but which is widely seen as a mascione lacomomoles predicted for October.
The analysts have announced that the rescue plan is only a short-term solution for the economic crisis of Pakistan, and it is one of the worst in its history. The economists estimate that the government must collect about $25 billion in debt payments in the fiscal year that begins this month, which means that the government of Sharif must collect thousands of millions more from lenders like China and Arabia.
It also needs to control inflation, which has skyrocketed to 38 percent, exacerbating poverty, while the shortage of dollars has left companies with difficulties to operate and has caused a serious shortage of imports. Las reservas extranjeras de Pakistan de 3.500 million de dolares son menos que sufficiantes para las importaciones de un mes.
“La presencia del Fondo Monetario Internacional da confianza al private sector de que su gobierno en general seguirá una política fiscal y monetaria prudent”, dijo Abed Hassan, exasesor del Banco Mundial.
But he pointed out that the successive governments of Islamabad have failed systematically in the implementation of the reforms supported by the IMF necessary to put an end to the boom and bust cycles that plague the country’s economy. The agreement announced last week is the country’s 23rd agreement with the fund.
“El Futuro de Pakistan Solo Puide Ser Corratado Por Pakistan”, Dijo Hasan.
The pressure to break with the package of reforms required by the International Monetary Fund could also increase as the elections approach. The compromises include unpopular measures such as cutting energy subsidies and increasing taxes in an effort to create a budget surplus. The government estimates that approximately half of the budgetary expenditure for the fiscal year will be allocated to the debt service, leaving relatively little.
Nl pasado, Pakistan a menudo ha incomplido un acuerdo una vez ke ha pasado la face aguda de una crisis. El peligro es que la historia se pita “, escribieron los annalistas de Capital Economics en una note a los clientes. “Incluso si el primer ministro Shahbaz Sharif se agreement an acuerdo, puede dejar el cargo antes de fin de año”
The FMI program also provides immediate relief for companies. Se han visto afectadas mutas medidas de Austeridad, aci como controls de Importación y de divisas etablecidos para tratar de detener la diminución de las reservas de divisas.
La Camara de Comercio e Industria para Inversionistas Extranjeros dijo en un communicado que el acuerdo con el FMI “eliminaría la incertidumbre permanente en el panorama económico”, pero advirtió que la confianza de los investmentistas en Pakistan Niversiotas en Pakistanen mar “varias medidas de fomento de la confianza” Medidas para poner en marcha actividades económica paralizadas.
Shahid Sattar, Secretary General of the Association of Textile Manufacturers of All Pakistan, said that the shortage of imports should decrease to the extent that the dollars of the FMI return to financial markets.
But he added that the industry would continue to suffer costos agobiantes. Alrededor del 40 por ciento del sector textil está “actualmente cerrado debila a la falta de tarifas energéticas competição y restrictions de supply”, he said, y agregó que el sector ya ha eliminado alrededor de 7 millionos de empleo, o el 20 supply fuerza laboral.
Antes del acuerdo con el FMI, la crisis economic era tan grave que algunas empresas multinationales anunciaron que abandonarían Pakistan por completo. In June, Shell said that it would sell its stake in its domestic unit, while Virgin Atlantic announced that it would stop operating in the country.
El Sheikh Ehsan Al-Lahi, who directs the fútbol factory Atlas Sports in Sialkot, a city famous for producing sports articles for the main marques internationals, said that “El alto costo de la Electricity y Los Altos fuusotes propoganda”. “Ya no somos competitivos en el Mercado International”, Dijo.
Information Addition de Hudson Lockett and Hong Kong
