The IMF mafia has asked Pakistan to cut its energy subsidies saying they were "crippling" its economy, just hours after beleaguered puppet Prime Minister Yousuf Raza Gilani bowing to political and civilian pressure reversed the controversial fuel price hike. They are unable to digest the fact that the new burden that was put on Pakistan's economy in the form of raised petrol prices in the name of "helping the economy" was lifted by the pressure built inside the country. Shamelessly terming the energy subsidies as "inefficient and untargeted", IMF spokeswoman Caroline Atkinson said these subsidies were consuming a large part of the country's budget.
Atkinson said bulk of the energy subsidies were being cornered by people of higher income group and large companies and Pakistan government should make efforts that its spending on energy subsidies should go towards the social sector, health, education and dealing with the after impact of the floods. IMF spokeswoman completely forgot that social sector, health, education and dealing with flood impact would not be possible if poor are directly guided towards death by this shamelessly hypocritical stance of IMF, the masterminds of crippling third world countries in the name of "reviving their economies" and then later on stealing their natural resources in return of worthless speculative dollar based loans.
The International Monetary Authority in 2008 tried its level best to make Pakistan bankrupt in 2008 and has extended a speculative loan for the country in order to justify it's presence in the region for it's larger despicable aims. "Just to clarify, the action on energy subsidies, petroleum prices, was not a part of the IMF program. However, energy subsidies consume a large part of the budget", Atkinson said at a news briefing. She said the IMF arrangement with Pakistan was due to come to an end at the end of December but was extended for nine months so it now will expire at the end of September. "That's to give space for us to continue to discuss with the government the two further disbursements that are allowable under the program and that continues to be the case. What's most important for our arrangement is the ability to discuss with the government, to agree with the government, on the measures that they are going to put in place the economy can support", she said. She however didn't mention the actual long term plans of IMF in the region behind the curtains of "helping" that they were longing for celebrating Pakistan's economic falling apart on the pattern of Yugoslavia and 1970's UK which they couldn't do so far.
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