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- Aug 19, 2014
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Pakistan is only afloat thanks to IMF bailouts and Arab aid. Remittances alone are not enoughBasic common sense Rules. For (any) loans:
* Do not take any loan that you are not able pay back.
* Do not spending loans on Projects that are not guaranteed to generate income.
* If lender is not confident enough that you will pay back, and ask you to add collateral than you are not capable and should not be taking that loan to began with.
Fact of a matter is, if it wasn’t for Billions of $$ that overseas Pakistanis send every year, country would have gone bankrupt long ago.