Pakistan has paid $100m penalty to ADB in last 15 years for failure to execute projects

[pakpride00090]

Imagine the incompetence and sheer dereliction of duty when it comes to babus and politicians .... Pakistan is a third world country which cannot afford such stupidity but who cares , neither are babus going to be affected nor politicians nor the big fat generals.

I am going to post the year by year breakdown with the source.



According to official working related to payment of commitment charges paid out to the ADB, Pakistan paid

$8.5 million in the year 2006 on account of sovereign and non-sovereign loans penalty,

$8.4 million in 2007,

$8 million in 2008,

$9.4 million in 2009,

$9 million in 2010,

$7.6 million in 2011,

$6.3 million in 2012,

$4.2 million in 2013,

$3.4 million in 2014,

$5 million in 2015,

$4.4 million in 2016,

$5.3 million in 2017,

$5.5 million in 2018,

$5.8 million in 2019,

$5 million in 2020 and

$2.3 million till June 2021.


Pakistan has paid $100m penalty to ADB in last 15 years for failure to execute projects (geo.tv)

 

[Genghis khan1]

Why is that no molvi come out on the street to protest against govts taking interest based loans.

Riba or usury is Haram and one of the top most sins, listed in Quran.

 

[TNT]

Shows how utter imbeciles are ruling and running the country.

 

[DrasticMeasure]

Why is that no molvi come out on the street to protest against govts taking interest based loans.

Riba or usury is Haram and one of the top most sins, listed in Quran.

HOw else are you supposed to take loans in the modern economy?

 

[Myth_buster_1]

Why is that no molvi come out on the street to protest against govts taking interest based loans.

Riba or usury is Haram and one of the top most sins, listed in Quran.

According to 99.99% of muslims around the world... the only criteria to be a muslim is just dont eat pork and dont marry your sister. And you can do what ever the ef you want cuz all u have to do is just ask forgiveness. Thats why muslims today are of the worst example.

 

[Genghis khan1]

HOw else are you supposed to take loans in the modern economy?

Take it based on Profit/lost mechanism.

 

[pakpride00090]

Economic Affairs Division Rubbishes Claims of Any Fines Paid to Asian Development Bank (propakistani.pk)


pakistani media... never trust

 

[Baghial]

Imagine the incompetence and sheer dereliction of duty when it comes to babus and politicians .... Pakistan is a third world country which cannot afford such stupidity but who cares , neither are babus going to be affected nor politicians nor the big fat generals.

I am going to post the year by year breakdown with the source.



According to official working related to payment of commitment charges paid out to the ADB, Pakistan paid

$8.5 million in the year 2006 on account of sovereign and non-sovereign loans penalty,

$8.4 million in 2007,

$8 million in 2008,

$9.4 million in 2009,

$9 million in 2010,

$7.6 million in 2011,

$6.3 million in 2012,

$4.2 million in 2013,

$3.4 million in 2014,

$5 million in 2015,

$4.4 million in 2016,

$5.3 million in 2017,

$5.5 million in 2018,

$5.8 million in 2019,

$5 million in 2020 and

$2.3 million till June 2021.


Pakistan has paid $100m penalty to ADB in last 15 years for failure to execute projects (geo.tv)

ALL OF PAKISTAN IS RUNNING ON LOANS AND INTRESTS, meaning we are eating porky.

so----------- whts the fuss------------ ?

haram ka gosht--------and keema halal!