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Salam brothers and sisters:
Please read the following excerpts of the News published in DAWN News (Ref.: IMF conditions may result 3M job cuts: economists, Sher Baz Khan,Nov. 28, 2008)
Conditions attached to the $7.6 billion International Monetary Fund loan are expected to cause up to three million job [3,000,000] cuts in different sectors and push another 5.6 million to 7.5 million [7,500,000] Pakistanis into poverty over the next two years.
This was stated by the chief economist of the Royal Bank of Scotland (RBS), Mr Sakib Shirani, at a discussion on the IMF loan organised here on Friday by the Centre for Research and Security Studies (CRSS). A number of economists and industrialists attended the discussion.
The topic of the discussion was "IMF: pain or panacea".
CRSS executive director Dr Farrukh Saleem said Pakistan was facing three problems "” trust deficit, budgetary deficit "” ........"Pakistan is now like a patient who is suffering from a severe heart attack and the only doctor around is the IMF."
" Abh toh Pakistan kah ALLAH heeeeeeeeeeee Hafizzzzzzzzzzzz Hohhhhhhhhhhhhhhhhh hhhhhhhhhhhh"
Raja Choudhary
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