Keeping economy, CPEC intact: Pakistan seeks friends’ help to avoid IMF bailout

[AZADPAKISTAN2009]

Circular debt sounds like circular City rail but it is more robust

 

[Syed1.]

Kuttay ke bachay Nawaz aur Zardari kha kha ke mulk ko khatum kar gaye... if we have to progress these two swines need a bullet in their heads ASAP.

 

[SunilM]

Circular Debt crosses PKR 1006 billion.

https://www.samaa.tv/urdu/economy/2018/03/1088227/

 

[Count Dracula]

hahaha clearly these people have never read one of RiazHaq's posts.

 

[Ryuzaki]

As many Indians have been saying for years,CPEC is a scam being used to enrich China and Pakistani elites which putting financial burden on the average Pakistani

 

[ghazi52]

Go to China.....................

1956 – Pakistani Prime Minister Huseyn Shaheed Suhrawardy and Chinese Premier Zhou Enlai signing the Treaty of Friendship .

Chairman Mao Zedong (L) interviews the Pakistani Prime Minister Huseyn Shaheed Suhrawardy (R

 

[itachii]

despite being more than 7x

~6.3 times

 

[Sharky]

Meh.. 5 billion is nothing for China. They will move heaven and earth to make the vanilla project of OBOR successful. This news will sizzle off soon. Next!.

 

[Verve]

Why would any country accept Pakistani Rupee for imports to Pakistan? The Pakistani Rupee lacks stability and might severely devalue in short term thus posing great risk for those countries.

Go ask China why they are accepting PKR!

 

[Samlee]

MY.....MY......

this is definitely out of box thinking.....
very innovative.... WHAT DO YOU SAY CHINA?????

IMF bailout might not be worst thing

We May Not Need Such A Bailout Just Finish The Rate Differential and Take Strong Action Against Hundi and Hawala And You Will Have $20 to $30 Billion Extra Funds Flowing Within An Year With No Obligation To Any Foreign Power

Says the long term plan.
https://www.dawn.com/news/1333101

Says what the chinese are upto in other countries:
Sri Lanka Formally Hands Over Hambantota Port to Chinese Firms on 99-Year Lease

There is no 'free' Chinese lunch.

P.s. Ofcourse none of this is necessary if you don't ask them for aid every now and then.

That Long Term Plan Was Actually A Set of Proposals By CDB Made Long Before CPEC Was Formally Signed And Twisted By DAWN That Has A Habit Of Misrepresenting Facts and Publishing Fake News

As many Indians have been saying for years,CPEC is a scam being used to enrich China and Pakistani elites which putting financial burden on the average Pakistani

Won't It Be Nice If You Worried About Your Balooning C/A Deficit and The Fact That The Hot Money That You Built Your Forex On Could Vanish At Any Time.And At Least We Have Friends Who Would Not Mind Helping Us In Need You Don't Even Have Those

lets say China and KSA deposit 16 billion in Pakistan's vault, Does pakistan have to pay interest for it??

Yes It Just Shows The Money Is Not Charity But In A Way An Investment

 

[Chhatrapati]

Your Balooning C/A Deficit and The Fact That The Hot Money That You Built Your Forex On Could Vanish At Any Time.

CAD is mere 1.2% of GDP. Forex cannot vanish any time. And we didn't build forex on loans and aid. But through portfolio inflows, investment flows and a narrower CAD. Forex will only go in case of a hyperinflation or if RBI wants to raise the Rupee by selling dollars. Which I think is not an option. And probably aiming to hit a trillion.

You Don't Even Have Those

We are in no need of a bailout and if we want any such, there is IMF, World Bank, BRICS bank and any Japanese banks who can provide loans. If a country this big starts to sell bonds, there will be a lot of countries who want to buy them. So, please don't indulge in a comparison.

 

[Samlee]

CAD is mere 1.2% of GDP. Forex cannot vanish any time. And we didn't build forex on loans and aid. But through portfolio inflows, investment flows and a narrower CAD. Forex will only go in case of a hyperinflation or if RBI wants to raise the Rupee by selling dollars. Which I think is not an option. And probably aiming to hit a trillion.


We are in no need of a bailout and if we want any such, there is IMF, World Bank, BRICS bank and any Japanese banks who can provide loans. If a country this big starts to sell bonds, there will be a lot of countries who want to buy them. So, please don't indulge in a comparison.

Ok No. 1 The C/A Deficit Has Reached 2% And At One Point Was A Worrying 2.4% And This Will Increase B'Coz Of Potential Rise In Oil Price And The Potential Danger To Jewellry and Diamond Exports After The PNB Scandal Plus The Danger To IT Exports Due To Your Good Friend Trump's H1B Visa Policy

Your Portfolio Inflows Are Just A Nice Way Of Saying Hot Money And Just Wait For MSCI Weight Reduction And A Further Increase In Fed Rates Will Bruise You Forex Badly.In Your Craze For Taunting Pakistan You Forget Your Economy Is Extremely Vulnerable

 

[liall]

Go ask China why they are accepting PKR!

That is not true. China isn't accepting PKR. But Pakistan is doing trade with China in Yuan!

 

[SorryNotSorry]

This is a very dangerous line for Pakistan to be walking. CPEC running smoothly for China doesn’t exactly mean that the governments won’t change or there won’t be political turmoil that brings in leaders that are puppets to China. The aam public might have to pay the price with years of suffering. Economic pains might be incoming for Pakistanis. Venezuela is an example of this- where the country is kept in shambles and the public is poor, while the refineries are doing just fine and the Chinese loans keep piling up. Of course I’m not suggesting this is what will happen to Pakistan, but merely pointing out that it’s possible for industries/productivity not to suffer entirely while the citizens suffer.
Overall I guess it’s okay for India- as Pakistan won’t spiral into an all out tribal state and implode.
China of course is the big winner here- with bonds and resources as collateral, and greater control of Pakistan.

 

[Chhatrapati]

Ok No. 1 The C/A Deficit Has Reached 2% And At One Point Was A Worrying 2.4% And This Will Increase B'Coz Of Potential Rise In Oil Price And The Potential Danger To Jewellry and Diamond Exports After The PNB Scandal Plus The Danger To IT Exports Due To Your Good Friend Trump's H1B Visa Policy

Ok No1. It hasn't. What you pulling are first and third quarter data. While you missed the 1.2% growth CAD in the second quarter. Secondly, I'm not interested in the forecast in this discussion. So leave that out. Indian IT export keeps rising at least 7% each year. Similarly, H1B's will not affect Indian economy as a whole. The companies find a way around it. You didn't check what's India's largest export commodity. PNB scandal cannot affect any of our export. It will only aid in bringing further regulations in the field.

Your Portfolio Inflows Are Just A Nice Way Of Saying Hot Money And Just Wait For MSCI Weight Reduction And A Further Increase In Fed Rates Will Bruise You Forex Badly.In Your Craze For Taunting Pakistan You Forget Your Economy Is Extremely Vulnerable

Should I bring the investment inflow growth? I don't need to, you are just hoping things will go your way with will's and forecasts.
I don't have a craze for taunting your economy, nor India. It has less concern for it as you are not an economic competitor. And vulnerability of our economy is correctly quantified by different credit agencies. Please do refer them in case you want to compare vulnerabilities.