Dark-Destroyer
SENIOR MEMBER
- Joined
- Dec 18, 2016
- Messages
- 2,238
- Reaction score
- 0
- Country
- Location
Do you know what is the nature of most of 'debt' of India? Or who owes that debt?
I’m sure you would enlighten us...
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Do you know what is the nature of most of 'debt' of India? Or who owes that debt?
I will but first I will like to see what does the poster mean by what he posed. And with evidence to what he posted.I’m sure you would enlighten us...
I will but first I will like to see what does the poster mean by what he posed. And with evidence to what he posted.
sure!When you do tag me
debt is not Pakistan issue right now, its current account crisis
What utter bullshit!!. China has Lent around 7 billion as short term loans to keep forex reserves stable. These are much more expensive than loans given by IMF/World Bank/ADB. As far as the major component of CPEC till now is concerned i.e power plants , they are based on ROE/ROI which is around 30% and the most expensive in the world. What he is talking about is loans for Orange Line Metro train, which was given on concessional terms. If others were given on such term, the documentation would have been shared in public and the Chinese would have the bragging rights on the same.
Why not every country is running on loans and Pakistan has the least worry about it.
Lol this is a reality check for India who debt is far more and for far more interest and far less time period.
It would be miracle ...everyone says this ...question is can they do it...as peoples and beaucrats pockets are filled by these
Your thoughts bhai?
First of all debt is not good just keep thing straight ...
Either way debt isn’t good.
I am not going into complexities and also not talking about cpec specific loan ... But loan is disasterous specially if you do not have funds to repay it ... I am talking about current situation and not about what is going to happen in future ... Cpec is just an opportunity not a firm contract to increase exports ...It depends on what the debt is for. If you have a genuine billion dollar tech startup idea, then taking out a million dollars to fund it is not a bad thing.
Pakistan's CPEC "debt" is entirely earmarked for infrastructure, power and port facilities with a solid economic plan of linking a massive landlocked region and making it economically reliant on us. Pak didn't take out $60 billion to fund a foreign war or build a flashy skyline or prop up a loss making state.
Yes, there is a lot of mismanagement of assets and corruption, but CPEC is not an example of this.
And world has never witnessed such drastic unjistice in wealth distribution and economic slavery ...