Govt took $6.9b foreign loans in just 9 months - Good Governance of PML-N

[AbRaj]

What do u know about Pakistan....we live in it....here dictatorship is like democracy and democratic government is like dictatorship....

So why this dual system. Why not end the useless one??

 

[Mssniper966]

So why this dual system. Why not end the useless one??

Due to international pressure which have always thought the same as you did...

 

[AbRaj]

Due to international pressure which have always thought the same as you did...

If general public wants military rule then WTH foreigners can do

 

[Mssniper966]

If general public wants military rule then WTH foreigners can do

Ever heard of sanctions.,.lno country can survive isolation....it will destroy economy faster than Politicians...but when rate of destroying economy by politicians becomes greater....the army comes

 

[AbRaj]

Ever heard of sanctions.,.lno country can survive isolation....it will destroy economy faster than Politicians...but when rate of destroying economy by politicians becomes greater....the army comes

But no one is going to destroy China or Saudi Arabia or UAE, Oman, Cuba, North Korea, Bhutan and many more

 

[Edevelop]

I doubt where is that "infrastructure"....?

Metro networks? Underpass? Orange Train?
Building road on road? Overhead bridges?

I don't find any School, University, Hospital on his "construction" list......

In schools students are sitting on ground as there is no furniture, in usual days in emergency rooms each bed is shared by two patients as there are not enough beds. Government pharmacies are empty and private sector is earning money by selling expensive medicines.

Seriously I don't have words to make a picture. How they have ruined every thing.

And here you are, acting like typical "Nooni Tooni" & blaming on IK and showing colorful dreams which simply don't exist.

If Federal Government is responsible for Schools, Universities and Hospitals then whats the job of KPK, Balochistan, Sind, and Punjab Governments ??????????????????

Loans are used to build projects and projects in return are used to make revenues and benefit lives of citizens.....

You don't see it or you just don't want to see it ?

$1.6 Billion from China for Karot Hydropower Project

$433 Million from China Saudi Arabia, and Kuwait, for Neelum Jhelum Hydropower Project

$ 588 Million from World Bank for Dasu Hydropower Project

$ 50 Million from European Investment Bank for Rehabilitation of Warsak Hydropower Project

$640 Million from World Bank and Austria for Tarbela's 4th Extension

$6.5 Billion from China for K-2, K3, C3, C4 Nuclear Power Plants

$1.6 Billion from China for Lahore's Orange Line Metro Train

Rs. 29 Billion from ADB & AIIB for Faisalabad-Khanewal Motorway (M-4)

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Moody's assigns definitive B3 rating to Pakistan's global bond offering

ISLAMABAD: Moody's Investors Service has assigned a definitive rating of B3 to Pakistan's global bond offering.

"The outlook is stable" said a Moody statement issued on Friday.

Moody's definitive ratings for these debt obligations confirm the provisional ratings assigned on September 18, 2015.

The Moody statement said that Pakistan's B3 issuer rating reflects moderate economic strength with a supply-constrained economy that has been resistant to structural change, Moody's reported.

Although the scale of the economy is relatively large, globally, Pakistan's per-capita income level is relatively very low.

Implementation of the China-Pakistan Economic Corridor (CPEC) will over time, bolster growth through investment in transportation and power generation infrastructure, the statement said.

However, the government has gained significant traction on reforms under the IMF (International Monetary Fund) programme, key goals of which include deficit reduction, resolving constraints in the energy sector, and the privatisation of several state-owned enterprises.

Government's debt roll over risk is also reduced by sizeable recourse to domestic bank lending and, to some degree, by a debt structure which consists of long-tenor credits from multilateral and official bilateral creditors, the Moody's statement said.

The statement further added that the challenging operating environment, susceptibility to economic risks and political shocks, coupled with a high concentration to the sovereign, links the health of the banking system very closely to that of the government.

Upward pressures stem from support from multilateral and bilateral lenders, which bolster an improving foreign reserve position and ongoing reform progress. Deeply entrenched weaknesses in the power sector also acts as a bottleneck to growth.


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After Moody's, S&P upgrades Pakistan's credit ratings

Standard and Poor’s ratings agency raised Pakistan’s credit rating to positive from stable but affirmed its B- rating, as the country experiences economic growth, according to The Bloomberg.

“The positive outlook reflects our expectations of Pakistan’s improved economic growth prospects, fiscal and external performance, and the supportive relationship of external donors over the next 12 months,” the ratings agency said.

As the IMF loan package and lower energy rates boost growth and improve finances, Standard and Poor raised the country’s 2015-2017 average growth projection to 4.6% from 3.8%.

Read: Pakistan’s economy enjoying period of optimism: report

“Risks include higher oil prices, weakness in key trading partners and violence,” the agency added.

The move comes a month after Moody’s upgraded Pakistan’s dollar bonds rating one notch from stable to positive on Wednesday on the back of the country’s improving macroeconomic indicators.

The financial ratings firm said its decision came in view of Pakistan’s strengthening foreign exchange reserves.

Read: Sovereign ratings: Pak-China economic corridor a ‘credit positive’, says Moody’s

Pakistan has been trying to boost its flagging economy since Prime Minister Nawaz Sharif was elected nearly two years ago.

“Moody’s Investors Service has revised the outlook on Pakistan’s foreign currency government bond rating to positive from stable,” the company said in a statement.

Last month, Pakistan and China signed agreement worth $46 billion for roads, ports and power plants.

Read: Pak-China corridor: Task force formed to monitor projects

The planned investment, 28 times more than the foreign direct investment Pakistan received in year ended June, will increase investment activity and help ease the country’s growing energy shortage, Moody’s said in a report on Monday.

S&P forecasts Pakistan will report an average budget deficit of 3.5% of gross domestic product during 2016-2019 with interest costs falling to about 25.5% of revenues from an estimated 30.6% in 2015. Further, inflation is expected to average 4.8% over 2015-2019.

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IMF says Pakistan ready to go it alone when programme ends

Pakistan will be ready to go it alone when its $6.7 billion three-year International Monetary Fund (IMF) programme ends in September, a senior fund official said on Wednesday.

Masood Ahmed, director of the IMF’s Middle East and Central Asia department, told Reuters substantial progress had been made in repairing the economy and that the government was right in saying it does not need another package.

"I think that is a very sensible approach at this stage," Ahmed said. "They have built up their reserves, they have halved their budget deficit, their growth rate is pretty much the highest of all the countries in the region broadly defined."

"Therefore they have completed to a large measure the stabilisation agenda that this programme was supporting."

A total of $1.1bn of the $6.7bn package is due to be disbursed before the programme ends in September.

This year has seen some behind-the-scenes grumbling from IMF officials when the government shelved plans to privatise its main power companies.

This month it also shied away from privatising Pakistan International Airlines but with growth expected to be 4.5 per cent this year, neither have caused enough alarm for a formal IMF rebuke.

"The next phase [once the programme ends] is to continue with the reforms that they have on structural measures that will sustainably raise their growth rate and particularly raise their exports," said Ahmed.

"The current level of exports they have, which is about $25bn, for an economy of over $280bn it needs to be double that."

 

[Mssniper966]

But no one is going to destroy China or Saudi Arabia or UAE, Oman, Cuba, North Korea, Bhutan and many more

Do u know that Politicians of Pakistan have strong ties with the countries you mentioned???

 

[somebozo]

Saudis took 10 Billion despite having 650 Bilion in reserves..Pakistani standing position right now is better than saudis..beside Pakistan did not take a loan it could not pay...it just took a restructuring package..

 

[AbRaj]

Do u know that Politicians of Pakistan have strong ties with the countries you mentioned???

Yes, that's why I said

 

[Viper0011.]

I agree with much what you have said, but you cannot ignore the fact that the current government is extremely corrupt and insufficient as far governing is concerned. It's not the Pakistani people nor the media that went apeshit when the Panama leaks came to the forefront. This revelation wasn't even announced by a Pakistani. The fact that the Noora government went on the defensive and falsely accused others of wrongdoing is very telling. It was panic mode for Panama league. Ever seen a PM on national TV making accusations against a party or an individual? That's right, Nawaz Sharif did this without even thinking about the consequences. You'll have to acknowledge the massive failings and ineptitude of the Noora government. There is no point in blaming the media, PTI, IK, the Pakistani people for the mess which Nawaz Sharif created for the country and himself.

WOW!! Have you and your family been paying Taxes for the past 60 years to your country? NOT really!!!! What's a Panama leak going to do?? The ENTIRE NATION needs to be in courts over Tax evasion. Take a look at the land mafia, IK, Tareen, Aleem, previous military big guys (Mushy along has over $ 200 MILLION worth of assets in the West, that, in Pakistan is like 100 BILLION rupees). So why are you focused on just NS? Justice for ALL should be what the Pakistani nation needs to be looking for.

I want NS in jail, IK in jail, Tareen in jail and every other MOFO who has done corruption and not paid taxes, IN JAIL. So the country can set examples and get rid of these corrupt bast*ards who damage the country. So why is IK and Zardari's people flipping out? Let everyone be held accountable and not just one person. The SC will decide on where to begin and end. If NS is the first, so be it. If NS and IK and Tareen are the first, so be it too. Ever heard of anyone getting involved with what the CJ has to do? No one in any country tells the CJ what to do. The justice is served without "he first" and to ALL. It's pretty obvious that IK and his buddies are scared of going to the jail. But they'd want the PM out to steal the power and his work that he has done for Pakistan. While IK....hasn't produced an EGG. A Chicken produces an egg a day, so may be IK should go to that level and learn the meaning of "consistency and producing for the nation". Instead of STEALING from the nation like he's been trying to do, and like he did to his billion worth home that his gang stole from ordinary people by giving them death threats!!!!

I see that our arm chair economists are in full force today. Explain to me, how does one move money from a country's Forex into their own personal accounts?

Just like one buys a billion worth home without having a job and any business . Just like how someone channels donations through their Indian partners to the West and hide them from the books . Or, just like some from the same gang, issue death threats to ordinary citizens and force them to leave their lands for peanuts to save their lives. Then, they built palaces on them and gave one to IK as a "GIFT" worth a billion!!!!

 

[Mssniper966]

Yes, that's why I said

Ok...let me make u understand in terms of ur country....why does it increase its existing ties with America when it has good ties with its rival....

 

[AbRaj]

Ok...let me make u understand in terms of ur country....why does it increase its existing ties with America when it has good ties with its rival....

You don't understood me
I don't have problem with above

 

[Mssniper966]

You don't understood me
I don't have problem with above

I never said u had any problem...I am quoting an example....if India having good ties with Moscow still pursues Washington-Delhi relations then for Pakistan would be enough to just have a few ties that to with no major player except China....

 

[AbRaj]

I never said u had any problem...I am quoting an example....if India having good ties with Moscow still pursues Washington-Delhi relations then for Pakistan would be enough to just have a few ties that to with no major player except China....

You should have good relationship with even Israel and India your two "exential threats"
That's not what I tried to say.
I said that all these countries don't try to follow Democracy, yet thriving and some are doing exceptionally well eg China, UAE, Vietnam
So why not follow their system.

 

[Mssniper966]

You should have good relationship with even Israel and India your two "exential threats"
That's not what I tried to say.
I said that all these countries don't try to follow Democracy, yet thriving and some are doing exceptionally well eg China, UAE, Vietnam
So why not follow their system.

Have u ever visited China and uae??? Their system may look impressive from outside but from inside it is hell for the people living there....only the rich ones enjoy...
Regarding Israel and India....Israel is a militant group created by Britain(check Balfour declaration) supported by Westerners....so we do not have ties with non state actors....even Jews in America condemn creation of Israel..
Regarding India if both countries have good ties who will buy Defence products from western countries and Russia???