Pak plans to seek USD 15 bn in new loans to pay external public debt

[Flight of falcon]

Exactly my sentiments. Can the government at least stop luxury and other nonproductive imports of every mindless thing humanly conceived? On the one hand Pak is importing like its a prince and on the other hand begging for loans. It is so incredibly ridiculous that its hard to express in words.

Yet again have you seen the import figures ? Have you seen our trade deficit? It is the lowest in decades ..... please point out what unnecessary items we are importing?

don’t just type without thinking .


Yes some luxury items need importing as you cannot live in a cave .... luxury items fetch huge duties and taxes for the government.

 

[Armchair]

yes we can all see how well the Pak economy is doing and how much luxury you need to import "because you don't want to live in a cave".

 

[Flight of falcon]

yes we can all see how well the Pak economy is doing and how much luxury you need to import "because you don't want to live in a cave".

please read my earlier post.....

 

[Armchair]

I don't use words like sh!t to make my point. I dont know shit about this or that. I teach economics and have a degree from the LSE.

but one does not even need a degree just common sense. Which seems most uncommon. Pakistan is not doing well. Every tom dick and harry can see that. What do you do? Go with a begging bowl for 15 billion dollars, but refuse to stop importing luxury and nonessential items... that should be logical to understand for anyone.

 

[Flight of falcon]

I don't use words like sh!t to make my point. I dont know shit about this or that. I teach economics and have a degree from the LSE.

God help us

 

[Armchair]

Let's test this logic. You are in deep shit (as according to you) because a BANGLADESHI has a degree in Economics... yes right...

 

[Flight of falcon]

Please check our import figures, cutting off of non essential imports, trade deficit and much higher duties and taxes on unnecessary imports to reduce imports ......


QUOTE="Armchair, post: 12389169, member: 157582"]Let's test this logic. You are in deep shit (as according to you) because a BANGLADESHI has a degree in Economics... yes right...[/QUOTE]

 

[AZ1]

That is fine. Atleast people have Metro Train of $4 billion and roads ka jaal.

 

[Armchair]

I did not know you are Bangladeshiand
yes then my apology is due. I thought you are an Indian trolling me...

I have nothing against Bangladeshis and regret typing and saying some of the stuff.

please accept my apology.

All these Indian and patwari cockroaches ( same thing) are celebrating as they solved the most complex scientific puzzle.

India today had its credit rating lowered to just one step a live junk.....
And Mian Chota sanp will be arrested this week....
I can see the desperation.

It's all good my friend. I've no love for any party in Pakistan other than PTI. cheers.

 

[Flight of falcon]

It's all good my friend. I've no love for any party in Pakistan other than PTI. cheers.

And I am happy that Bangladesh is doing well. They deserve the fruits of their hard work

 

[Salman876]

Someone needs to kick out the zionists and their puppets from this country while giving the world a middle finger on the loans. They ravaged Pakistans economy with the soviet war and now the war on terror. Pakistan has paid its debts long time ago.

If only someone had the guts not to appease these satanic forces!!!!

Someone needs to kick out non working population into Arabian Sea

 

[Path-Finder]

That's still not good...it will only increase the total loan amount...taking more debt to pay off the older debt isn't sustainable...very counterproductive.

pay your taxes which lets be honest the quom doesn't want to. you live in yankee land. I know if you don't pay your taxes then what happens to you! IRS and then jail.

Then its the export industry that has taken a global hit. you have to sell to get the money in your coffers. I personally believe this COVID has been blown out of proportions and I am glad things are opening up but as soon exports were supposed to be taken up and imports reduced bleeding COVID-19. non essential imports have been reduced.

the loans negotiated by that swine dar with their interest rates means 15 billion that is being borrowed, 10 billion will go to debt servicing!

some sneaky tooi wal will try to say oh look they are borrowing from IMF. harami mofo's paying off the loans you took and depleting the reserves to artificially keep the rupee up is killing the nation.

Obviously bunch of uneducated arastotles, Indian piss drinkers , Patwari inbreds decides to come together since they all have a same genetic code and created this news out of their butt.

I am amazed at the tooi wal on this thread the harami mofo's its your swine leader that has brought the country to this! Why doesn't mian take its poojari to london when it goes.

 

[volatile]

pay your taxes which lets be honest the quom doesn't want to. you live in yankee land. I know if you don't pay your taxes then what happens to you! IRS and then jail.

Then its the export industry that has taken a global hit. you have to sell to get the money in your coffers. I personally believe this COVID has been blown out of proportions and I am glad things are opening up but as soon exports were supposed to be taken up and imports reduced bleeding COVID-19. non essential imports have been reduced.

the loans negotiated by that swine dar with their interest rates means 15 billion that is being borrowed, 10 billion will go to debt servicing!

some sneaky tooi wal will try to say oh look they are borrowing from IMF. harami mofo's paying off the loans you took and depleting the reserves to artificially keep the rupee up is killing the nation.

We have two problems ,one is local and one is related to intl trade .Tax money is used to make budget and Dollars are needed for trade balance (Import - exports) .Also this payment of 10 Billion is not Dars Loan it comprises of Paris club reshuffling in 2001 by Shaukat Aziz which is closed to 5 Billion US$ remaining are short term loans taken from KSA/UAE ,also PML N avg loan rate was 2% where as PTI avg loan rate is 5% (excluding TBills)

 

[Path-Finder]

Also this payment of 10 Billion is not Dars Loan it comprises of Paris club reshuffling in 2001 by Shaukat Aziz which is closed to 5 Billion US$

can you give a source where the loans are being paid back for what you said? by shaukat aziz. cheers.

also PML N avg loan rate was 2%

I have heard the opposite is true. can you share a credible source on this too! thanks.

 

[Flight of falcon]

We have two problems ,one is local and one is related to intl trade .Tax money is used to make budget and Dollars are needed for trade balance (Import - exports) .Also this payment of 10 Billion is not Dars Loan it comprises of Paris club reshuffling in 2001 by Shaukat Aziz which is closed to 5 Billion US$ remaining are short term loans taken from KSA/UAE ,also PML N avg loan rate was 2% where as PTI avg loan rate is 5% (excluding TBills)

Ever heard of credit worthiness ??? And where did you pull out 2 vs 5 percent interest rate figure . I wouldnt be surprised about the rate . Patwaris left country bankrupt in 2019..


thank God country’s credit worthiness is far far better than the time Patwaris took off to London with their haram mal.....

https://www.google.ca/amp/s/www.geo...sukuk-shows-strong-market-confidence-pm-imran