Pakistan gets $4.6b in fresh foreign loans

[New World]

when export in declining and import is rising alarmingly..

this is bound to happen..

 

[Flash_Ninja]

Anybody know the interest rates?

 

[Sliver]

whats the difference in interest rates of previous loans and new ones? if the interest rates are rising, it means the investors have lesser confidence on Pakistan's growth. if the interest rates are improving, it makes sense to take a low interest rate loan to pay a higher interest rate loan. It also shows that investors have confidence on Pakistans ability to grow and pay back.

 

[Great Sachin]

US paid you for your service and also gave aid...
China is giving loans (with high interest)...

All the best

 

[RealNapster]

whats the difference in interest rates of previous loans and new ones? if the interest rates are rising, it means the investors have lesser confidence on Pakistan's growth. if the interest rates are improving, it makes sense to take a low interest rate loan to pay a higher interest rate loan. It also shows that investors have confidence on Pakistans ability to grow and pay back.

But then asking for these details in Pakistan make's you an ANTI-development person.

 

[Sliver]

But then asking for these details in Pakistan make's you an ANTI-development person.

thats sad - cos the details is what can determine whats going on.

 

[saurav jha]

nothing wrong in taking loans every nation takes it. work hard to improve your economy so that there is no need to take loans in future. this is applicable to all countries in sub-continent.

 

[ziaulislam]

problem is fiscal deficit..simple..
govt needs to limit imports and increase exports
things that can be addressed sooner are energy imports through alternatives (coal, gas), tea and oil
on export fronts textiles needs to be pushed up, with oil products a new field

but govt policies are completely messed up, even than we are thinking of importing everything due to poor planning
one example is electricity, why is the govt trying to import electricity

 

[Nike]

problem is fiscal deficit..simple..
govt needs to limit imports and increase exports
things that can be addressed sooner are energy imports through alternatives (coal, gas), tea and oil
on export fronts textiles needs to be pushed up, with oil products a new field

but govt policies are completely messed up, even than we are thinking of importing everything due to poor planning
one example is electricity, why is the govt trying to import electricity

why not slashing unnessecary expenditure first? rationalisation the number of public services employee, reduce defense spending, selling liability assets like State owned enterprises which always going minus/red

 

[ziaulislam]

why not slashing unnessecary expenditure first? rationalisation the number of public services employee, reduce defense spending, selling liability assets like State owned enterprises which always going minus/red

strickly speaking, right now the major issue is lack of fiscal balance rather than fiscal deficit
fiscal deficit is well within 3-4% right now

however, yes this needs to be done as well, two entities steal mills and PIA alone spent over 10 billion dollars in last 7 years with zero use to national economy apart from employing 10-20k political workers of each political party
anotehr 5-10 billion dollars have been used up in each electricity and gas department in form of missing/theft

these entities have to be privatized but people are taught in school about capitalism being an evil