Nawaz leading Pakistan to bankruptcy says PMLN Senator Anwar Baig

[silent hawk]

What does bankruptcy got to do with nuclear weapons.

Already answered that

 

[aliyusuf]

@Leader
US $4.7 Billion remitted to India in 2014 : SBP Oblivious

Pakistan has remitted a whopping $4.7 billion to India in one year alone – 2014 – while $2 billion were remitted back to Pakistan from the country in the same period, a private news channel reported on Wednesday.

Quoting a World Bank report released five months ago, the channel reported that Pakistan was the fifth biggest remitter of foreign exchange to India. The channel said that authorities concerned had seemingly looked the other way when such huge remittances were made to the rival country last year.

Read World Bank report here: http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTDECPROSPECTS/0,,contentMDK:22759429~pagePK:64165401~piPK:64165026~theSitePK:476883,00.html

Commenting on the issue, a spokesman of the State Bank of Pakistan said that he could not state the central bank’s version on the issue as it had yet to see the World Bank report. “The channel should have first brought the matter to its notice rather than going public with it,” he said.

ARY News Editor Investigation and Anchorperson Asad Kharal said that it was appalling that the central bank had remained oblivious to the huge remittances being made to India last year.

“What is more shocking is that the SBP has not even studied the report which had come out five months ago,” he said, adding that state agencies and the central bank should investigate who were the people who made such huge remittances.

http://www.pakistantoday.com.pk/201...-to-india-from-pakistan-in-2014-alone-report/

I have checked by downloading the 2014 excel sheet for bilateral remittances.
This source is true and authentic.

 

[Sine Nomine]

How about Chinese investment in the CPEC which Pak media commentators wax eloquent about and insist that 'rivers of gold' will soon flow in Pakistan and that Pakistan would become a regional power with the fastest GDP growth in the world?

How much source in big a Bottle with broken bottom is never filled unless you fix that bottom or change that Bottle.

 

[Leader]

We've survived sanctions, countless wars, and insurgencies. There is no way Pakistan can become bankrupt.

I appreciate your emotion, however, when you dont pay the interest on foreign loan, you get warning and time, if you still dont pay, you get bankrupt and they come after you unless there is a bailout from other countries, and it wont come for free.

God forbid..

 

[ajpirzada]

you need foreign currency to build up reserves. There are only few ways of doing it:

1. Increase net exports
2. Increase foreign investment
3. Increase remittances
4. Get grants or CSF type arrangement

when all of the above is not enough (or cannot be achieved) then the only option left is to:

5. Borrow from the international market (IMF/WorldBank/EuroBond etc etc)

With falling net exports and FDI, govt has no other option but to do 5 (i.e. borrow)

There is no conspiracy theory going on here. It is just poor performance being compensated by more and more international loans.