Tag: State Bank of Pakistan

Bombs for Bailouts: Pakistan Supplied Weapons to Ukraine in Return for U.S.-Brokered IMF Loan

Tina Marie (Ms. Cat)

The Biden administration helped Pakistan get a controversial new bailout from the International Monetary Fund after Pakistan agreed to secretly sell arms to the United States for the war in Ukraine, according to a new blockbuster report by The Intercept. The deal allows Pakistan to sell some $900 million in munitions while keeping IMF loans flowing to the government in Islamabad amid a spiraling economic crisis, which is driven at least partly by the austerity measures imposed by the IMF loan. Pakistan’s position on the war in Ukraine has shifted significantly since Russia’s invasion and the ouster of Prime Minister Imran Khan, who was removed from office in 2022 under pressure from U.S. diplomats who objected to his “aggressively neutral” stance on the war. Khan is now imprisoned in Pakistan on corruption charges. Meanwhile, the caretaker government backed by Pakistan’s powerful military has delayed planned elections, widely seen as an attempt to block Khan’s supporters from power. “When the United States has a primary foreign policy objective, in particular when it’s a war, everything else falls away. That’s what you’re seeing in Pakistan now,” says The Intercept’s Ryan Grim.

Bombs for Bailouts: Pakistan Supplied Weapons to Ukraine in Return for U.S.-Brokered IMF Loan

Related:

“U.S. Helped Pakistan Get IMF Bailout With Secret Arms Deal For Ukraine, Leaked Documents Reveal”

Imran Khan loses no-trust vote, prime ministerial term set for unceremonious end

Tina Marie (Ms. Cat)

Imran Khan loses no-trust vote, prime ministerial term set for unceremonious end

After announcing results, Sadiq gave the floor to Shehbaz Sharif, who is the joint opposition’s candidate for the post of prime minister.

…

He rejected the claims that the “threat letter” was fake, adding that the meeting in Washington took place on March 7.

“On March 8, the no-confidence motion was submitted against the prime minister. Look at how these things coincided,” he said, calling for holding an in-camera session.

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Human Rights Minister Dr Shireen Mazari’s speech revolved around the alleged US influence on Pakistani politics. “It is this nation’s misfortune that America has always been successful in [changing] the leaders of Pakistan.”

She recalled that the opposition was invited to check the ‘threat letter’ that according to government is ‘proof’ of a foreign-funded conspiracy.

“But I know why you did not come … because you’re a part of that conspiracy, which clearly states that ‘if you will oust Imran Khan and no-confidence vote is successful, then the nation will be forgiven.

“What will be forgiven? What crime has Pakistan done? An independent foreign policy? Who the hell is America to forgive us? And for what crime? For God’s sake have some shame. This is America’s old ways. In the 1950s, America and UK conspired to oust Iranian leader Musaddik — who was a democratic leader.”

She said America has either ousted democratic leaders or assassinated them and has installed dictatorship in countries.

“A few days ago, [US President Joe] Biden went to Poland and said ‘remove Putin and bring regime change’. This is America’s way.”

Related:

Succeeded: Regime Change in Pakistan