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$61 billion

Dawood Ibrahim

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Our total debt and liabilities have gone from Rs16 trillion in June 2013 to Rs22 trillion as of the fourth quarter of fiscal 2016. Lo and behold, Pakistan has taken on an additional debt of $61 billion over the past three years (all debt converted into dollars for ease of understanding). It will be nice to know where we spent it all.

In 2008, every Pakistani man, woman and child was indebted to the tune of Rs40,000. By 2013, five years of the PPP government, our per capita debt had gone from Rs40,000 to Rs80,000. As of the fourth quarter of fiscal 2016, every Pakistani man, woman and child is indebted to the tune of Rs115,000.

In June 2015, our total debt and liabilities stood at Rs19.8 trillion. Over the past year, our total debt and liabilities have gone from Rs19.8 trillion to Rs22.4 trillion. Lo and behold, Pakistan has taken on an additional debt of $26 billion over the past year. It will be nice to know where we spent those billions of rupees and billions of dollars.

Over the past year, our external debt and liabilities have gone from Rs6.6 trillion to Rs7.6 trillion. Lo and behold, Pakistan has taken on an additional external debt of $10 billion in just one year. It will be nice to know where we spent it.

Currency wise distribution of our debt is as follows: Pak Rupee 71.7 percent, US Dollar 10.6 percent, Japanese Yen 5.1 percent and Euro 2.4 percent. What that means is that if the Government of Pakistan were to have any problems in servicing its debt the lenders who would suffer the most are the people who have invested in Defence Savings Certificates, Khaas Deposit Certification, National Deposit Certificates, Special Savings certificates, Bahbood Savings Certificates and National Savings Bonds.

The budgeted amount for public debt servicing now stands at a colossal Rs1.36 trillion. Lo and behold, nearly 50 percent of our government’s expected revenue goes into debt servicing (90 percent of the amount goes into the servicing of domestic debt). By 2018, if our debt continues to grow at the current rate, Pakistan would be indebted to the tune of Rs28 trillion or an equivalent of $280 billion.

We are in a debt-trap whereby we must borrow more just to pay off the debt that falls due. We are also in a growth-trap whereby the GDP is unable to grow beyond four or five percent a year.

To be certain, debt is not a disease, it’s a symptom. The disease is mis-governance. The disease is lack of fiscal consolidation. The disease is lack of structural reforms. We are accumulating debt because we are not undertaking fiscal consolidation. We are accumulating debt because we are not undertaking structural reforms.

The story does not end there. We are now preparing to add an additional $46 billion worth of debt and liabilities in the form of projects under the CPEC. For Pakistan, this rate of debt accumulation is not sustainable. Reducing the debt level would mean much stronger growth and would allow our fiscal managers flexibility of policy. Continuing on the current path would mean enabling our debtors to control every aspect of Pakistani life. Remember, “creditors have better memories than debtors”.

The writer is a columnist based in Islamabad.

Email: farrukh15@hotmail.com Twitter: @saleemfarrukh


https://www.thenews.com.pk/print/150709-61-billion

@war&peace @PaklovesTurkiye
@LA se Karachi
 
The Debt-to-GDP figure has not changed significantly these past few years. It will rise this year, but I doubt that it will be too drastic.


pakistan-government-debt-to-gdp@2x.png


http://www.tradingeconomics.com/pakistan/government-debt-to-gdp
 
The facts speak for themselves..people have been claiming that PPP was more corrupt than PMLn but I say that's not true at all..We are inherently biased and think the goons from Punjab are better but that's factually and empirically is wrong . NS is the most corrupt and shameless vile creature in the history of humanity.
 
The facts speak for themselves..people have been claiming that PPP was more corrupt than PMLn but I say that's not true at all..We are inherently biased and think the goons from Punjab are better but that's factually and empirically is wrong . NS is the most corrupt and shameless vile creature in the history of humanity.
Please. Don't forget to call @Viper0011. .The number 1 Nawaz Sharif supporter/fan in the world who will tell you that even when Nawaz sneezes, he is doing godly work.
 
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Our total debt and liabilities have gone from Rs16 trillion in June 2013 to Rs22 trillion as of the fourth quarter of fiscal 2016. Lo and behold, Pakistan has taken on an additional debt of $61 billion over the past three years (all debt converted into dollars for ease of understanding). It will be nice to know where we spent it all.

@war&peace @PaklovesTurkiye
@LA se Karachi

If he knows the amount of debt Pakistan has, and if he TRULY wanted to write a meaningful article, he could've obtained a budget list and even a financial statement from the Central Bank. He could've also went to the SC and filed a petition as a ciitzen to know this and the SC would get these details for him.

But no, its none of that. These are the articles I refer to as "shooting shiit in the air" and whoever it hits (obvious gang on here) they smell it and start screaming without using their head. These articles waste threads and have no facts to it, neither by the author, nor by the geniuses who write on here. Including the one who tagged me. How fu**ing dumb!! :rofl:

India has 53% debt too, the US took a $ 1 trillion loan from China just a few years ago and used it for her purposes and needs. So these things are a part of the system. What the author needed to do was to write a balance article where he would show the debt, he would show where it was used and potential benefits for the nation or losses for the nation (but he won't do it because he's a part of the billion rupee package IK gave to cheap journalists to write "shoot shiit up in the air"). And then the fools can rush in. Without writing balance articles and with conclusive evidence, its a match of all semi-educated or educated-illiterates on here to shoot shiit up in the air. So go ahead and do just that :enjoy:

Real journalists write facts, even if there was a loss or benefits, he should've done his research. So frustrating to see this level of silly, cheap journalism becoming threads every day!!

Please. Don't forget to call @Viper0011. .The number 1 Nawaz Sharif supporter in the world who will tell you that even when Nawaz sneezes, he is doing godly work.

The only one doing the Godly work per Hindutva is Modi....allowing his religious gangs like BJP and RSS to kill minorities in scores in Kashmir, inside India, women beaten and others killed because they eat beef? BJP leaders telling Muslims and Christians to leave India or they will be killed if not converted to Hinduism to stay in the country?? Yea, I see God totally missing from this picture Modi's been painting. How about you stop him from supporting murders and let me figure out peacefully with the Pakistanis the subject of NS and Pakistan's growth? Trust me, this is all very peaceful and its nothing like what's going on in India.

Focus on your problems as you have many and your minorities are getting killed in numbers, the entire globe is sad and frustrated on human rights violence in India. When you have these many issues, I won't put your nose in someone else's rear.
 
If he knows the amount of debt Pakistan has, and if he TRULY wanted to write a meaningful article, he could've obtained a budget list and even a financial statement from the Central Bank. He could've also went to the SC and filed a petition as a ciitzen to know this and the SC would get these details for him.

But no, its none of that. These are the articles I refer to as "shooting shiit in the air" and whoever it hits (obvious gang on here) they smell it and start screaming without using their head. These articles waste threads and have no facts to it, neither by the author, nor by the geniuses who write on here. Including the one who tagged me. How fu**ing dumb!! :rofl:

India has 53% debt too, the US took a $ 1 trillion loan from China just a few years ago and used it for her purposes and needs. So these things are a part of the system. What the author needed to do was to write a balance article where he would show the debt, he would show where it was used and potential benefits for the nation or losses for the nation (but he won't do it because he's a part of the billion rupee package IK gave to cheap journalists to write "shoot shiit up in the air"). And then the fools can rush in. Without writing balance articles and with conclusive evidence, its a match of all semi-educated or educated-illiterates on here to shoot shiit up in the air. So go ahead and do just that :enjoy:

Real journalists write facts, even if there was a loss or benefits, he should've done his research. So frustrating to see this level of silly, cheap journalism becoming threads every day!!



The only one doing the Godly work per Hindutva is Modi....allowing his religious gangs like BJP and RSS to kill minorities in scores in Kashmir, inside India, women beaten and others killed because they eat beef? BJP leaders telling Muslims and Christians to leave India or they will be killed if not converted to Hinduism to stay in the country?? Yea, I see God totally missing from this picture Modi's been painting. How about you stop him from supporting murders and let me figure out peacefully with the Pakistanis the subject of NS and Pakistan's growth? Trust me, this is all very peaceful and its nothing like what's going on in India.

Focus on your problems as you have many and your minorities are getting killed in numbers, the entire globe is sad and frustrated on human rights violence in India. When you have these many issues, I won't put your nose in someone else's rear.







Either your a NS fan leaving in India or are you PML CHAMCHA with a false ID
 
Either your a NS fan leaving in India or are you PML CHAMCHA with a false ID

Half of your sentence went above my head. English please? This isn't an Urdu-Hindi forum....just so you know. Not everyone is a "desi" on here. So let us poor people know in English as we don't have command over mighty Hindi-Urdu language that are spoken a lot more than English per you people!
 
If he knows the amount of debt Pakistan has, and if he TRULY wanted to write a meaningful article, he could've obtained a budget list and even a financial statement from the Central Bank. He could've also went to the SC and filed a petition as a ciitzen to know this and the SC would get these details for him.

But no, its none of that. These are the articles I refer to as "shooting shiit in the air" and whoever it hits (obvious gang on here) they smell it and start screaming without using their head. These articles waste threads and have no facts to it, neither by the author, nor by the geniuses who write on here. Including the one who tagged me. How fu**ing dumb!! :rofl:

India has 53% debt too, the US took a $ 1 trillion loan from China just a few years ago and used it for her purposes and needs. So these things are a part of the system. What the author needed to do was to write a balance article where he would show the debt, he would show where it was used and potential benefits for the nation or losses for the nation (but he won't do it because he's a part of the billion rupee package IK gave to cheap journalists to write "shoot shiit up in the air"). And then the fools can rush in. Without writing balance articles and with conclusive evidence, its a match of all semi-educated or educated-illiterates on here to shoot shiit up in the air. So go ahead and do just that :enjoy:

Real journalists write facts, even if there was a loss or benefits, he should've done his research. So frustrating to see this level of silly, cheap journalism becoming threads every day!!



The only one doing the Godly work per Hindutva is Modi....allowing his religious gangs like BJP and RSS to kill minorities in scores in Kashmir, inside India, women beaten and others killed because they eat beef? BJP leaders telling Muslims and Christians to leave India or they will be killed if not converted to Hinduism to stay in the country?? Yea, I see God totally missing from this picture Modi's been painting. How about you stop him from supporting murders and let me figure out peacefully with the Pakistanis the subject of NS and Pakistan's growth? Trust me, this is all very peaceful and its nothing like what's going on in India.

Focus on your problems as you have many and your minorities are getting killed in numbers, the entire globe is sad and frustrated on human rights violence in India. When you have these many issues, I won't put your nose in someone else's rear.

The fact is that NS and gang should learn from Turkey and how they managed paying off their debt, instead of further increase it.

Dar and Nawaz have been working hand in glove to further descend Pakistan into the quagmire or debt.

Dar is, the Economic Hitman.
 
Not a problem. As long as Daronomics is in play, debts do not matter.
 
The fact is that NS and gang should learn from Turkey and how they managed paying off their debt, instead of further increase it..

And do you care to explain how Turkey paid off its debt? Did the money fall from the skies or did Turkey had to improve their economy and attract investments (same thing the NS and the gang is doing)?

If you are educated enough and capable enough to get into a pretty darn serious topic like a nation's debt management, growth strategy and economy, how about instead of bit*ching, you actually offer a solution? Wouldn't that be an actual positive thing to do? And we can debate to see if your solution can solve Pakistan's issues? And if you have nothing to say and just constant cry baby drama rants, well, how about stfu??

I think I gave you two good options. I'd love to see option 1 working out once, but i think you'd prefer option 2 as always, people like you just write angry posts and then have nothing to contribute.

Go ahead, surprise me once, show me you are smarter and different than the effing dumb idiot you follow? :enjoy:

The facts speak for themselves..people have been claiming that PPP was more corrupt than PMLn but I say that's not true at all..We are inherently biased and think the goons from Punjab are better but that's factually and empirically is wrong . NS is the most corrupt and shameless vile creature in the history of humanity.

Hey, yo, you forgot to put "facts" in your post. But your post started out with "The Facts"!! Care to put some real one's in there? :rofl: :angel:. I'd like to see some real substance, getting tired of you guys writing "girls on periods" posts. Show me some real substance backed up by the World Bank, ADB or other respected institutes so then I can agree with you that there is serious issues.
 
Half of your sentence went above my head. English please? This isn't an Urdu-Hindi forum....just so you know. Not everyone is a "desi" on here. So let us poor people know in English as we don't have command over mighty Hindi-Urdu language that are spoken a lot more than English per you people!




Chamcha (you) meaning
An obsequious person can be called a bootlicker, a brownnoser or a toady. You can also say that someone gives an ...

Not a problem. As long as Daronomics is in play, debts do not matter.



Here the debt is going up day by day unlike your country which in down turn is still in positive territory
 
Half of your sentence went above my head. English please? This isn't an Urdu-Hindi forum....just so you know. Not everyone is a "desi" on here. So let us poor people know in English as we don't have command over mighty Hindi-Urdu language that are spoken a lot more than English per you people!
We will keep that in mind Mr Aurengzeb
 
We will keep that in mind Mr Aurengzeb

You truly think my name is "Mr Aurengzeb"?? I would love to hear this. If you answered yes, that is how naive you are, and this is reflected in your political mindset also. Do tell me the credible proofs behind my so called "name" please..

Chamcha (you) meaning
An obsequious person can be called a bootlicker, a brownnoser or a toady. You can also say that someone gives an ...

So.....because I talk about growth, support someone's work for Pakistan and hate the liars and bullshiit artists....I am NS's bootlicker? That's pretty smart considering I probably make more than NS and IK!!

Here the debt is going up day by day unlike your country which in down turn is still in positive territory

The debt is going up because the projects its supposed to be starting, haven't started yet. This is the level of your common sense. Ever heard of an ROI (return on investment)? There is a period for it. And it is not in the middle of the investment being made. So similarly, you have to wait till 2018 for all the foundation work to be completed and then within a couple of years after that, you'll start to see the debt starting to go down. Its the same process across the globe. The US taking on more than a trillion debt, but lowering interest rates, providing business subsidies around 2009-2011 has now started to show ROI in 2015-2016 as our stock market's back and been hitting ATH (all time highs).

And who told you our country was going through a down turn :rofl: :angel:, in past two years alone, the US real estate has gone up at an average of 25% and in other areas, as much as 35%. Our stock market just last month has hit ATH multiple times!!
 
Debts are good if used properly. Japan has debts of around $ 10 trillion dollars and 200+ % of GDP,

it was debt which saved France in WWI and WWII.
 

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