Finance Minister says ‘Pakistan’s basic debts are so big that we are near bankruptcy’

[El Sidd]

Net result of this will be..

Rupee will hold no value
We will deal with dollars, indian rupee or chinese yen..pick and choose but rupee will overnight have no value ..

In next couple of weeks when you can no longer import oil indian army is going to walk into kashmir

A month from that either punjabis and sindhis will willingly form separate countries and start a fresh or will have civil war situation

Whatever i said happened with our neighboring Afghanistan

If you really dont want interest the way forward will be
Make your budget surplus ..pay off all loans and encourage islamic banking

there is no interest in islamic banking as well

fear Allah or fear economic collapse. choose wisely

 

[nahtanbob]

Russia was the biggest constituent of USSR, which is why I mentioned Punjab as the largest component of Pakistan, in terms of the analogy that you proposed. No racism here on my part.

Back on topic, declaring bankruptcy may not be as attractive a solution as it might appear for Pakistan.

Argentina tried it. you can follow them as example

 

[VCheng]

Argentina tried it. you can follow them as example

I would not recommend it, but it is all up to PMIK as to what he decides.

 

[nahtanbob]

I would not recommend it, but it is all up to PMIK as to what he decides.

lenders can get even by helping India
if there is anything that gets Pakistani attention it is India

 

[ziaulislam]

there is no interest in islamic banking as well

fear Allah or fear economic collapse. choose wisely

I am just stating facts..your ameer ul momeen mr sharif choose to get all this loan

Argentina tried it. you can follow them as example

With low level of % to gdp debt i doubt we need it..few years of stabilization and everything will be back to normal

 

[El Sidd]

I am just stating facts..your ameer ul momeen mr sharif choose to get all this loan

and looked what happened to them. Why is your ameerul momineen mimicking him?

 

[ziaulislam]

and looked what happened to them. Why is your ameerul momineen mimicking him?

Because his ideal is ameerul momon mr ayub who did the same and MBS who is doing the same

 

[El Sidd]

Because his ideal his ameerul momon mr zia ul haq who did the same and MBS who is doing the same

So what is the change slogan about?

 

[ziaulislam]

So what is the change slogan about?

Just a show..the is no change in economic system..i never saw him saying otherwise ..

 

[Muhammad Omar]

In se na ho paye ga

They can't do $hit. After 2 years you all will still listen the situation is because of Nawaz and Zardari

 

[PakSword]

and looked what happened to them. Why is your ameerul momineen mimicking him?

You got the answer right, we should default on loans.. this is the way forward. However, what could be the implications?

 

[ziaulislam]

You got the answer right, we should default on loans.. this is the way forward. However, what could be the implications?

defaulting would mean ending Pakistan..
so if you want to default and create four different states than its a good solution

 

[PakSword]

defaulting would mean ending Pakistan..
so if you want to default and create four different states than its a good solution

There's no other solution my friend....

 

[ziaulislam]

There's no other solution my friend....

what ever you say.. i am just telling you the results of what you are saying..

you want to be like Bangladesh or india (who had more debt than us in 1990s) or you want to be like Venezuela who has more oil than saudis ..choice is yours..

at least prepare to use Gandhi on notes..or Benjamin on dollars

 

[El Sidd]

You got the answer right, we should default on loans.. this is the way forward. However, what could be the implications?

You can say we will pay the loans but not the interest.

What more implications do you desire? Are you already not at war?

defaulting would mean ending Pakistan..
so if you want to default and create four different states than its a good solution

are you not confident on your amir ul momineen`?