Thread by @gchikermane

IMF demands from Pakistan…
– Cut primary deficit to 0.6%
– Cut inflation (raise interest rates)
– Market-determined exchange rate

…what it means
– Economic collapse

World needs to stay alert, else Pak risks reverting to terror. My essay orfonline.org/expert-speak/i… via @orfonline

If Pakistan shifts to a market-determined exchange rate, its currency will crash, after having fallen by 22% over the past 12 months, and 35% over the past 24 months.

Even as the IMF is entering Pakistan, smart money is exiting its markets, which have fallen by 20% over the past 12 months — and will crash going forward.

This @FT edit ignores Pakistan's terror, replays Pak lobby-driven economic rhetoric on what IMF loan can do (help safeguard "economic stability in a nuclear-armed and strategically important country") ft.com/content/011e58…
[PS: Balakot called out Pak's nuclear bluff.]

The backbreaking economic burden that the IMF has put on the millions will have consequences. There is a likelihood of the programme to be suspended somewhere in the middle pakistantoday.com.pk/2019/05/13/the…
Edit by @ePakistanToday gets it right

Pakistan is a regular taker of the fund’s (IMF's) loans but not a diligent follower of its advice economist.com/finance-and-ec…
Edit by @TheEconomist brings economic perspective, but ignores Pakistan's terror financing linkages

As predicted, the Pakistani rupee crashes 4% thehindu.com/news/internati…
[This is only the beginning — it will crash 20%, or more.]