republic_roi97
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Lol wtf ? Are they for real, so that's why PKR is diving down so damn much I sincerely hope that when their economy crashes their nukes are neutralized.As per the IMF deal with Pakistan, effective 1st July Pakistani government is not allowed to take loan from State Bank of Pakistan by just printing money. Earlier they were doing this just by note chhapoing. All these has a negative impact on inflation. So IMF put a condition that henceforth all loans have to be taken from the banks and market and not by printing money.
They fear that if there is a conflict it’s India and they need money they might be competing with their public if common people start withdrawing money.
I can’t comment on veracity of this but it makes sense if there is limit on withdrawal of money. This year there revenue target entails over 30 percent growth in taxes which everyone knows can’t be met. Their fiscal deficit is projected to reach over 7 percent. In July their tax revenue YoY grew only 10%. So there are going to face cash crunch in any case.