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Sell Out
Siddeeq
04/11/02 at 11:35:28
>:(  >:(  >:(  >:(  >:(  >:(  >:(  >:(Some people are weaker than others when it comes to this world.  You can give some people money and they will glady allow the kufr to kill their muslim brothers and sisters.   >:(  >:(  >:(  >:(  >:(  >:(  >:(  >:(  >:(  >:(  >:(
Is this money worth all the lives that have been taken?

http://news.bbc.co.uk/hi/english/business/newsid_1923000/1923268.stm

Pakistan has received the second tranche of a $1.31bn loan from the International Monetary Fund (IMF), which it was awarded after supporting the US military action against neighbouring Afghanistan.
"The state bank today received the $107.8m from the IMF," Syed Wasimuddin, chief spokesman for the central State Bank of Pakistan (SBP), told the Reuters news agency.

The IMF approved the three-year loan in December to offset the impact on the economy from the war.

Loans had been suspended due to sanctions imposed by the US, the largest shareholder of the IMF, after Pakistan tested nuclear weapons in May 1998.

After the 11 September attacks on New York and Washington, Pakistan's President Pervez Musharraf pledged to back the US-led war.

War loans

The US lifted sanctions against Pakistan, one of the few countries that recognised the Taleban government in Afghanistan, in late September.

Days later a $596m standby arrangement was made available to Pakistan by the IMF.

Pakistan's medium-term arrangement with the IMF also paved the way for rescheduling $12.5bn of the country's debt.

With more than $65bn in foreign and domestic debt, Pakistan spends 83% of its annual revenues on debt servicing and defence.

Mr Wasimuddin said the release of the second tranche from the IMF had pushed Pakistan's liquid foreign exchange reserves to about $5.3bn from $5.2bn on 30 March.

Re: Sell Out
mujaahid
04/12/02 at 02:47:15
[slm]

Pakistan will soon face the consequences.
Re: Sell Out
momineqbal
04/12/02 at 13:28:09
[slm],

[quote]Pakistan's medium-term arrangement with the IMF also paved the way for rescheduling $12.5bn of the country's debt.  

With more than $65bn in foreign and domestic debt, Pakistan spends 83% of its annual revenues on debt servicing and defence.  

Mr Wasimuddin said the release of the second tranche from the IMF had pushed Pakistan's liquid foreign exchange reserves to about $5.3bn from $5.2bn on 30 March.  [/quote]

$65bn of debt? How does it make sense for a nation to take loan on interest with such a huge debt?
Re: Sell Out
struggling
04/12/02 at 21:01:23
[slm]

Pakistan to help US at Camp X-Ray

Munir Ahmad in Islamabad
Guardian

Monday April 8, 2002


A team of Pakistani intelligence officers will leave soon for Cuba to help US authorities interrogate prisoners held at the American naval base at Guantanamo Bay, government officials said yesterday.

The officials, speaking on condition of anonymity, said the Pakistanis would focus on those Taliban and al-Qaida prisoners who might have had access to the leadership of Osama bin Laden's terrorist network.

The Pakistani government has not officially confirmed the report. Officials said the team would include members of the Pakistani spy agency the Inter-Services Intelligence (ISI), the crime investigation department and the interior ministry.

The Pakistanis would bring special expertise to the interrogation process, not only because of their knowledge of Pashtu, the language spoken by most Taliban, but also because of their detailed knowledge of Afghanistan and the Taliban organisation

http://www.guardian.co.uk/Archive/Article/0,4273,4389210,00.html
Re: Sell Out
admin
04/13/02 at 14:26:24
[i][color=red]Mujaahid, your post has been deleted. This is your first warning. Please watch your language and what you write. [/color][/i]
04/13/02 at 14:26:58
admin
Re: Sell Out
Kashif
04/13/02 at 15:25:54
assalaamu alaikum

There isn't a country on the globe that has benefitted from having agreed to implement the conditions that come with a loan from the IMF. With Pakistan now accepting a loan from it, i really am upset for the people there.

This is an interesting article from the Guardian newspaper that shows just how one-sided "free trade" and "open markets" are, and who are ALWAYS the winners.

Kashif
Wa Salaam

-------------------------------------

An unequal world

Fair trade is needed to eradicate poverty

Leader
Guardian

Saturday April 13, 2002


If you need an example of the hypocrisy that characterises the rhetoric of western nations over free trade then you have not to look further than the battle over steel. Rather than make painful job cuts and restructure an inefficient industry, the US, a self-styled free-trader, has slapped taxes on cheap steel imports to stave off bankruptcy for its mills. Tony Blair, who also advocates liberalised markets, appears ready to do a deal over protectionism with George Bush to save £50m worth of British steel exports.What stinks is that the west has been peddling free trade as a route out of poverty while protecting the sort of industries that should be open to competition from developing countries. This has seen western societies become more affluent, healthier, and better educated as well as turbocharging the pace of growth. But the success of the west serves only to highlight the poverty and disease that blights the lives of 2 billion people who live on just $2 a day* The world order has produced the flourishing and the withered. As Oxfam's report Rigged Rules and Double Standards this week identifies, the reason is a lack of fair trade.

Rich countries block imports that would lift economic growth and reduce poverty in the developing world with high tariffs and subsidies. So western farmers, who in America get $21,000 a year in handouts and a little less in Europe, are increasing their global share of world agricultural markets at the expense of the globe's rural poor. The west is also not phasing out the quotas that limit textile and clothing exports from poor nations fast enough. While goods from the developing world are kept out of western markets, poor nations are pressed by the International Monetary Fund and World Bank to open their markets too rapidly. This guarantees goods from rich countries easy access to the economies of the poorest nations and deprives the developing world of the chance to build up industrial and service sectors that could compete with the west. What is happening here is that trade is being managed in the interest of the rich. Poor countries need cash and borrow from the IMF, which is controlled by rich nations. The fund tells them to liberalise markets in return for cash. In doing so, poor countries open themselves up to being exploited.

Those countries which have ignored the orthodoxy that trade and investment liberalisation are the only cure for poverty have proved the most successful. East Asian economies supported exporters with cheap loans, sheltered infant industries and even fettered financial speculators with controls over capital - everything free-marketeers in the IMF and the World Bank deplore - but it brought growth which lifted 400m people out of poverty. Resorting to such measures has historical precedents. America and Germany rejected free trade until they became economic powers.

The problem for poor nations is that markets are good at generating wealth and allocating resources but bad at addressing inequality. So poor countries need politicians of vision to build up, with temporary protectionist measures, a strong base in education and economic infrastructure. Once they have made the transition to higher growth, nations can liberalise imports and investment. Trusting good governance, when it appears in short supply, is important. Only governments can ensure trade is effective in reducing poverty. It is elected representatives who keep markets competitive and see people are not forgotten in the pursuit of profits. That means we should trust governments, not markets, to change the world for the better.

http://www.guardian.co.uk/Archive/Article/0,4273,4393294,00.html
NS


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