Mortgaging of Islamabad park planned to get Rs500bn loan

[Bambi]

ISLAMABAD: The federal government is considering mortgaging Islamabad’s biggest park in F-9 sector to get a loan of around Rs500 billion.

The proposal has been included in the agenda of the meeting of the federal cabinet scheduled to be held on Tuesday.

The meeting will be held through video link conference system which has been arranged at Prime Minister’s House and a committee room of the Cabinet Division.


The agenda item No six, moved by the Finance Division, is “Issuance of Domestic and International Ijara Sukuk Against Unencumbered Land of F-9 Park, Islamabad”.

According to reports, due to financial issues the government has decided to mortgage the F-9 park of the federal capital to get a loan of about Rs500bn through issuing bonds.

The Capital Development Authority has already issued a no-objection certificate in this regard.

Earlier, a number of institutions, buildings and roads have been mortgaged during the tenures of successive governments to get loans through national and international bonds

The F-9 park (Fatima Jinnah Park) is a public recreation park spread on 759 acres of land. The park is one of the largest covered green areas in Pakistan. It is named after Madar-i-Millat Fatima Jinnah.

Mortgaging of Islamabad park planned to get Rs500bn loan

Proposal to be discussed by cabinet on Tuesday.

www.dawn.com

 

[TNT]

In the end it seems the govt will mortgage the whole country.

 

[Syed1.]

In the end it seems the govt will mortgage the whole country.

That is how sukuk bonds work. You have to set a physical asset as a guarantee.


The previous government mortgaged M1 motorway, Jinnah Airport and other assets but I didn't see you barking complaining then.

 

[Sugarcane]

Can't we mortgage Zardari and Mian Sanp?

 

[TNT]

That is how sukuk bonds work. You have to set a physical asset as a guarantee.


The previous government mortgaged M1 motorway, Jinnah Airport and other assets but I didn't see you barking then.

Dont quote me again if ur not evolved enough to be able to talk like humans. Ofcourse a typical blind follower of one party just like blind dumb followers of baji and billo. No wonder they call u lot youthia.
Now tell me moron, if u are supposed to do the same things as those previous thieves did then wtf is difference between u and them? Do u guys have enough brains to remind those old tall rhetoric?

 

[TheSnakeEatingMarkhur]

ISLAMABAD: The federal government is considering mortgaging Islamabad’s biggest park in F-9 sector to get a loan of around Rs500 billion.

The proposal has been included in the agenda of the meeting of the federal cabinet scheduled to be held on Tuesday.

The meeting will be held through video link conference system which has been arranged at Prime Minister’s House and a committee room of the Cabinet Division.


The agenda item No six, moved by the Finance Division, is “Issuance of Domestic and International Ijara Sukuk Against Unencumbered Land of F-9 Park, Islamabad”.

According to reports, due to financial issues the government has decided to mortgage the F-9 park of the federal capital to get a loan of about Rs500bn through issuing bonds.

The Capital Development Authority has already issued a no-objection certificate in this regard.

Earlier, a number of institutions, buildings and roads have been mortgaged during the tenures of successive governments to get loans through national and international bonds

The F-9 park (Fatima Jinnah Park) is a public recreation park spread on 759 acres of land. The park is one of the largest covered green areas in Pakistan. It is named after Madar-i-Millat Fatima Jinnah.

Mortgaging of Islamabad park planned to get Rs500bn loan

Proposal to be discussed by cabinet on Tuesday.

www.dawn.com

Lolx indians sh*tposting spotted

 

[HttpError]

Can we start with Bilawal House in Karachi and Lahore? and then Jati Umrah.

 

[TheSnakeEatingMarkhur]

Dont quote me again if ur not evolved enough to be able to talk like humans. Ofcourse a typical blind follower of one party just like blind dumb followers of baji and billo. No wonder they call u lot youthia.
Now tell me moron, if u are supposed to do the same things as those previous thieves did then wtf is difference between u and them? Do u guys have enough brains to remind those old tall rhetoric?

Mate you you are telling him to talk like humans on other hand your own language is worse than his language
As for Bonds they are backed by land always... now tell me do we have anything else to pay loan with ? Bonds are the only way that the govt found viable...

And the amount of loans mounted up is huge now.. only way to get rid of it is reforms and policies that increase revenue of country which this govt is doing... dont expect govt to do everything for you.. you have to earn your bread and contribute towards country not the otherway around... which was happening last 30 years..

 

[TNT]

Mate you you are telling him to talk like humans on other hand your own language is worse than his language
As for Bonds they are backed by land always... now tell me do we have anything else to pay loan with ? Bonds are the only way that the govt found viable...

And the amount of loans mounted up is huge now.. only way to get rid of it is reforms and policies that increase revenue of country which this govt is doing... dont expect govt to do everything for you.. you have to earn your bread and contribute towards country not the otherway around... which was happening last 30 years..

Well i had to reach him in his languge. Can u tell me what policies the govt is implementing? Any success?

 

[TheSnakeEatingMarkhur]

Well i had to reach him in his languge. Can u tell me what policies the govt is implementing? Any success?

Well policies to increase tax revenue be it through digitisation or through conventional means.. secondly saving up the money through less govt expenditure and lastly by not giving subsidies.. these are my own findings... people have done more in depth research on these things..

 

[PradoTLC]

Can't we mortgage Zardari and Mian Sanp?

No value ... they don’t exactly have tradable skills

 

[xyxmt]

In the end it seems the govt will mortgage the whole country.

this has always been done, past govt never disclosed it. do you think x will loan to pakistan govt without any guarantee?

 

[baqai]

The previous government mortgaged M1 motorway, Jinnah Airport and other assets but I didn't see you barking then.

totally uncalled for

 

[Path-Finder]

That is how sukuk bonds work. You have to set a physical asset as a guarantee.


The previous government mortgaged M1 motorway, Jinnah Airport and other assets but I didn't see you barking then.

cuzz easy on the lingo.

 

[Path-Finder]