IMF to Pakistan 'Do More"

[Norwegian]

$10 billion? The fact that you need to borrow that much in order to make a country's economy work is absurd. For that outright tells me that Debt equals Money! Sorry, but I would rather be free than be a slave and indebted.

You borrow money to pay back past debts, not to run the economy

 

[Crimson Blue]

Pakistan is doing good.

How?
I am just curious about your point of view?

 

[ghazi52]

How?
I am just curious about your point of view?

It is just my feeling. You may disagree.

 

[Crimson Blue]

It is just my feeling. You may disagree.

C'mon man. You are at it for more than 10 years now. Tell us what is your information about the direction of Pakisani economy.

 

[Nasr]

You borrow money to pay back past debts, not to run the economy View attachment 789856View attachment 789857

If you don't pay back previous debt with borrowed money, you default and that makes the economy go Kaput!!! Ain't it?! Thought so!!

Duh. This is how the entire world economy works and it's been like this for a very long time now.

Some examples of leading Muslim nations.

Turkey's external debt is $448 billion.​

Indonesia's external debt is $415 billion.​

Malaysia's external debt is $246 billion.​

Egypt's external debt is $135 billion.​

Ofcourse, the developed world has a lot higher external debts owed to each.

So, I am not sure which fictitious world you're living in where you're imagining interest free loans, debt-free economies and budgets not dependent on Internal/external borrowing.

The phone/computer you're using to post here, is most likely made by a company that has a lot of debts to pay off.

And that is suppose to make it right, legit? I don't think so.

 

[Norwegian]

If you don't pay back previous debt with borrowed money, you default and that makes the economy go Kaput!!! Ain't it?! Thought so!!

Yes, it's better to stay afloat despite taking more loans than to default and declare bankruptcy