illusion8
ELITE MEMBER
- Joined
- Sep 18, 2011
- Messages
- 12,232
- Reaction score
- -20
- Country
- Location
Pakistani debt thats about to mature was borrowed at higher interest rates. If and i say if our finance minister is smart he will borrow fresh at lower interest rates and pay of the old savings could be in millions/ year. This is assuming pakistan doesn't have the money to pay of the part of the debt thats about to mature which we all know they dont.
Generally speaking fresh loans would come at a higher interest rate with more riders if there is significant risk of defaulting.....reserves of 10 billion and much needed investments in the energy sector and a loan maturity of 76 billion....I don't know how Pakistan can circumvent this?