Financier Hitmen Called in To Back Up Ouster of Imran Khan
April 4, 2022 (EIRNS)—With Pakistan’s political situation still much in the air (the Supreme Court put off until tomorrow any ruling on the constitutionality of the prime minister’s dissolution of parliament and call for early elections), international financial vultures are throwing their weight behind the U.S. government’s drive to oust Prime Minister Imran Khan, by pumping out warnings that “political instability” will sink IMF negotiations and drive the country into bankruptcy.
Pakistani daily The Dawn dutifully retailed the warnings as proof that Pakistan cannot afford “worsening ties with U.S.” by refusing to oust Khan. Bloomberg News service, for example, is circulating a report to its financial clients warning that “Pakistan’s political upheaval is adding to a surge in the nation’s default risk and triggering off further losses in the nation’s bonds and currency.” Bloomberg, it reported, “pointed out that the ongoing political turmoil had already caused the Pakistani currency to sink,” by 5% this year already, according to Moody’s rating agency.
“Financial services question Islamabad’s ability to continue reforms agreed with the IMF.... One of the reports suggested that this could even force the IMF to suspend its $6 billion bailout package for Pakistan,” The Dawn wrote. “Some reports underlined America’s dominant role in the IMF, adding that a confrontation with Washington could not only derail Pakistan’s economic arrangement but would also have a negative impact on the country’s economic standing.”
In an additional twist, the financier reports “warned that increased tensions with the U.S. could further damage Pakistan at the Financial Action Task Force (FATF),” which has already put Pakistan on its “gray list,” The Dawn reported. A rich threat, indeed, by the financier kings of money-laundering; the FATF is the international “intergovernmental” operation which polices drug and terrorist money-laundering and corruption at the discretion of the City of London and Wall Street thieves.