If Pakistan does not repay the loan money, it will be declared bankrupt

After taking the loan, Pakistan did not consider the IMF as saying that the IMF could not destroy anything. Now the rails have come under the feet, so Pakistan is running hand and foot again, but no help will come. First, the team will be sent to Pakistan only after Pakistan complies with the orders given by the IMF.

Pakistan, which is in economic turmoil, is begging all over the world. Pakistan Prime Minister Shahbaz Sharif is extending his hand for financial help from wherever he can but most of the countries are rejecting Pakistan. Saudi Arabia and UAE are two countries that have helped Pakistan but other countries are harassing Pakistan. Now the condition of Pakistan has become dire as the International Monetary Fund (IMF) has also threatened Pakistan.

Pakistan has requested a loan from the IMF. The Shahbaz government requested the IMF to send its team to Pakistan for the review of this loan, but the IMF flatly refused to send its team to Pakistan. IMF says that it has already given a huge amount of loan to Pakistan.

There were certain conditions attached to the repayment of this loan, but Pakistan defiantly did not fulfill those conditions. After taking the loan, Pakistan did not consider the IMF as saying that the IMF could not destroy anything. Now the rails have come under the feet, so Pakistan is running hand and foot again, but no help will come. First, the team will be sent to Pakistan only after Pakistan complies with the orders given by the IMF.

The IMF was approving a loan of 7 billion dollars to Pakistan. This amount was to be paid in installments and conditions including stopping of subsidy, adoption of economic liberalization were placed for it. Pakistan accepted those conditions because it was urgent but then did not fulfill them. Pakistan has so far taken eight installments in this manner. Now even for the ninth time, we were under the illusion that we will fool the IMF and take the loan, but the IMF has killed it.

Due to IMF's tough stance, Shahbaz's condition has become like a betel nut in the middle of the night. The IMF has set conditions including reducing government spending, increasing electricity rates, reducing subsidies on petrol-diesel, and increasing taxes. Inflation in Pakistan is rampant at present. If Shahbaz Sharif accepts the IMF's terms, inflation will increase further and Shahbaz Sharif will have to pay a heavy price politically.

If Shahbaz does not accept the condition of the IMF, he will not get a new loan and will have to file for bankruptcy. Pakistan is currently said to have enough foreign exchange to last two weeks. If the IMF loan is not available, after two weeks even crude oil will not be able to be ordered and petrol-diesel will also be stopped, so Shahbaz is right.

Pakistan has to repay foreign debt of 13 billion dollars by June 2023. UAE has shown readiness to extend the term of the loan, but even then it has to pay 10 billion dollars. If that money is not paid, Pakistan will be declared bankrupt. After that, no country, no financial institution would be willing to hold his hand.

Under these circumstances, Shahbaz had no choice but to accept the surrender of the IMF.

Bad condition of Pakistan due to malutjars

Under the pressure of the IMF, the government of Pakistan is preparing to bring a mini budget. The government of Pakistan will be able to raise 270 billion rupees through this mini budget. The mini-budget has options ranging from raising taxes to ending subsidies as per IMF-imposed conditions. However, according to Pakistani analysts, smugglers with dual citizenship are responsible for Pakistan's plight. These people import expensive goods from abroad, which cost Pakistan's expensive foreign exchange, so Pakistanis are on the verge of becoming beggars.

India-Pakistan has come to a nuclear war?

This has been mentioned in Pompeo's book 'Never Gave Any Fighting for the America I Love'

Pompeo was woken up by Sushma Swaraj's call in the middle of the night. Sushma said that Pakistan is preparing for a nuclear attack in response to India's surgical strike. If Pakistan does a nuclear attack, India will also respond with a counter nuclear attack.

Congress leader Digvijay Singh's statement on the issue of surgical strike has caused a stir, while the former US Secretary of State Mike Pompeo has made a new blast. Pompeo claims that after India invaded Pakistan in February 2019 and carried out a surgical strike in Balakot, the threat of a Nuclear War arose between Pakistan and India.

Pompeo was then in Hanoi, Vietnam for a summit between the US and North Korea. North Korea's eccentric dictator Kim Un Jong has been threatening South Korea with a nuclear attack on America for six weeks. Pompeo went to Vietnam to stop it, but a new scenario of India-Pakistan nuclear war arose there.

The then External Affairs Minister of India, Sushma Swaraj woke up by calling in the middle of the night. Sushma said that in response to India's surgical strike, Pakistan is preparing to launch a nuclear attack on India. India is also ready to respond to it. Sushma said that if Pakistan does a nuclear attack, India will also respond with a counter nuclear attack.

According to Pompeo's claim, he lost his sleep after hearing this. US National Security Advisor John Bolton was also with Pompeo in Hanoi. He also had to wake up in the middle of the night and Pompeo had to speak to the US President immediately. He kept his team up all night. A nuclear war was almost stopped by his team calling Islamabad to Delhi. General Qamar Bajwa was then the Army Chief of Pakistan. According to Pompeo's claim, Bajwan himself made more than fifty calls in a span of a few hours. Pompeo has given many other details but the essence of all these talks is that the threat of a nuclear war between India and Pakistan was averted by his own efforts.

It is difficult to determine how true Pompeo's claim is because this claim is made in Pompeo's book 'Never Give An Inch: Fighting for the America I Love'. When big people sit down to write books, they don't hesitate to make sensational claims to make them bestsellers.

The trick of spicing up even the smallest details in celebrity autobiographies or memoirs is a very old one. If there is no spice, who will buy and read the book?

Even Pompeo might be trying this trick. India and Pakistan have a huge market with a population of more than 160 crores.

It is quite possible that Pompeo has made this bet to sell his book in this market. The rivalry between India and Pakistan is well known. Because of this, the talk of nuclear war between the two countries can go down anyone's throat.

Pompeo's claim may be true because Pakistan's nose has grown due to India's surgical strike. Terrorists were also enraged due to which the Indian army penetrated into Pakistan till Balakot and wiped out the Pithtu terrorist camps of Pakistan. It is also possible that Pakistan has staged nuclear war preparations to calm them down.

It is difficult to say what the truth is, but the thing to understand in Pompeo's story is that both India and Pakistan have nuclear weapons, so a flare-up and a nuclear war can break out at any time. Even a small spark can start a fire that consumes everything.

Pompeo critic of China, supporter of India

Pompeo has praised India in his book and admitted that America has understood the importance of India. Pompeo is already considered pro-India and anti-China. Pompeo was pro-India when the Donald Trump government was beating India and pampering China. Pompeo was the only minister in the Trump administration who said that the biggest threat to the world is from China. Pompeo's words are coming true. Pompeo has claimed in his book that Sushma was not an important player but Modi's confidant Ajit Doval was.