Feroz Alam Khan
BANNED
- Joined
- Aug 3, 2016
- Messages
- 142
- Reaction score
- -3
- Country
- Location
If this amount is result of FDI than its OK, but all the parameters are indicating that Sharif sahab & other PMs of Pakistan has actually created a very bad depth situation in Pakistan economy. Plus CPEC will add another billions to the bill, get ready to face -ve ratings from agencies, and collapse of Pakistan bond values.
Not only this fact , they have issued Euro bonds on very heavy interest . The bonds are valued by investors as one of the highest IRR instruments. I am not sure either I watched it on a Pakistani talk show or I read it somewhere that the situation will become precarious once the $100 billion debt threshold is breached. And the way the gov. of Pakistan is on borrowing spear and not less than 12-15% optimum growth of the debt, the day is not away when they won't be able to serve the debt part also. The exports are declining, the foreign remittance is decreasing and the borrowing is increasing, hence only savior for them is CPEC, which itself is a loan at a high interest from the Chinese. The future looks bleak for the Economy.