ADB announces $7.1bn financial package for Pakistan - Business

[ziaulislam]

They said the same thing, loans to pay back what PPP took

And people believed them rather than checking SBP website ...
So whose fault is this?
Problem is media is bought up, educated people are biased while the rest are poor uneducated people ...

 

[SunilM]

Nothing is going to be released to Pakistan till they accept IMF terms and conditions. World Bank and ADB will only engage with Pakistan once it gets a letter of comfort from IMF. That is why no fresh lending is coming from these institutions.

 

[IbnAbdullah]

Aoa

The only real measure for whether the Government is moving in the right direction is if they are able to decrease the import export deficit in the coming months.

So come next year this time around and we still have this 27 billion import export gap- you know they have been wasting time.

 

[313ghazi]

True... However, getting that money from these countries is turning out harder than initiy assumed... Western countries are dependent on the blood money from the "3rd world"

This will be a long drawn out process that will take years, maybe decades. Western countries will test Pakistan's resolve and stamina on this issue. On the face of it they'll be supporting us, but in reality - what benefit does London or Zurich gain? A safe place for dirty money buys them influence with the rats who go there to hide.

 

[Peaceful Civilian]

Thank you Asian bank for such inflow of dollars. It will help us in much needed time.

 

[Pakistani Aircraft]

This has to be Pakistan's largest begging bowel.

Thank you PM Imran Khan / PTI.

 

[AZADPAKISTAN2009]

I think Imran Khan should wait till China-Pakistan first Tour and then make decision about IMF

 

[BetterPakistan]

They said the same thing, loans to pay back what PPP took

yes but your leaders took double loan than what they paid back. When PPP left, public debt to GDP ratio was 60% and the end of FY 2017-18 it shoot up to 70%

 

[xyxmt]

yes but your leaders took double loan than what they paid back. When PPP left, public debt to GDP ratio was 60% and the end of FY 2017-18 it shoot up to 70%

with this equation you can guess the debt ratio when PTI leaves, oh but PTI will pay it back right

 

[BATMAN]

I think Imran Khan should wait till China-Pakistan first Tour and then make decision about IMF

Dude... first step of Imran Khan after assuming power was to announce cancellation of CPEC.
Within hours he changed it from cancellation to suspension until audit of on going projects is done, than within days decided to changed the state officials handling CPEC projects, now the new appointees are even afraid of moving administrative matters without asking ex of pinky pirni.

Bureaucracy at this moment is not sure, what pinky pirni would dream tomorrow and if they even survive the night.

 

[BetterPakistan]

with this equation you can guess the debt ratio when PTI leaves, oh but PTI will pay it back right

I know the debt ratio will be in control when PTI leaves, don't worry about that. One of your leader is behind bars and second came out of bars for some time. Their wealth plundered abroad will be used to pay back debt

 

[AZADPAKISTAN2009]

The Asian Development Bank's financing is ideal to keep various development projects running as it is a purely a development Financing option.

It will free up local Pakistani Funds for other sectors of our choosing

In 2013 We took a loan from IMF for 6.6 Billion dollars and it lasted for full 5 years
However IMF is a purely a business entity hidden as a loan giver , so much better to get the Asian Development Fund

 

[xyxmt]

I know the debt ratio will be in control when PTI leaves, don't worry about that. One of your leader is behind bars and second came out of bars for some time. Their wealth plundered abroad will be used to pay back debt

Currently Imran is my leader and I hope his fate wont be the same as my previous leaders when he leaves, but currently the Start does not look much different just hope end is different.

 

[BetterPakistan]

Currently Imran is my leader and I hope his fate wont be the same as my previous leaders when he leaves, but currently the Start does not look much different just hope end is different.

The start is pretty much different and it requires some sense to acknowledge it.

 

[Skull and Bones]

What are the terms and interest rate on this loan?