IAF
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- Jul 10, 2009
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Do you even think before you post? I really wonder sometimes.
And you think India pays cash for the MKIs it receives?
Every major purchase is financed. Its just depends on where the money is coming from. Pakistan will finance the purchase as do other countries.
It will pass IOC when the Peshawar based sqn re-equips with the JF-17 which is prior to December of this year, which means the TEF has to work out the problems and conduct the required sorties to make the platform attain IOC.
Have you ever used a credit card? Do you realize how it works? If you have a balance on it, do you HAVE to pay the principal off every month or do you make an installment payment? Obviously you could pay it all off if you had the money, but the governments have to see what makes sense for them. Maybe its better for them to hold the money so they can collect higher interest on the investment vs. paying off a liability such as the cost of the aircraft. So you cannot simply take $8 billion in Forex (they are actually close to $12 right now) and then think about the aid as a lump sum. The aid too is split across multiple years and may come in the form of money or credits to buy something. The point is that these transactions are not as simple as buying something for $2 billion and then paying them off with $2 billion and being done with it.
In the late 90s, I recall I had read that India was still paying off loans it had taken from the USSR government in the late 60s and 70s and these loans were on very low interest rates. Most of the countries have such long term debt that takes years to pay off.
Then they are some dip **** airforces. Pakistan has absorbed 30-40 aircraft within active sqns in a matter of months. Its all a matter of priority. Currently the JF-17 program is a very high-priority one. All else such as pilot training and logistics are put in place in accordance with that priority. PAF will ensure that we have the infrastructure and the pilot training in place to absorb 15-30 JF-17s/year at a minimum.
one of the best comeady report produced by u..!