Pakistan to pay back $500 mil to China: Dar

[Azadkashmir]

obvously the sharifs have all thier bank accounts and assets at safe distance and is abroad.
swiss accounts thanks to rothschilds, these people get away and actually are enemy of the people.
atleast other corrupt leaders you can see the money in thier health, food, investments in some manufactering.
but these stupid shariffs cannot even invest or even buy real organic food i am talking real agriculture best water best seeds best nutricent+dietician, etc best doctors engineers.

but instead fat slob just eats and shits every were and stinks. look at him he is overweight he will die from heart disease now what does that tell you, these people are blind. eveything they touch becomes corrupt.

 

[deckingraj]

Debts increasing, exports are at a record low, no foreign policy, and most if not all civil departments are corrupt to the core. Tell me how Nawaz is good for the economy?

The current growth we are experiencing is primarily due to the fact that military ops have defeated terrorists, civil stability, and increased electrical supply (which I will credit him for), however whats stopping us from high growth such as 7-9% is corruption and bad governance. Recently companies like Disney have pulled manufacturing out of Pakistan quoting 'poor governance standards'.

Now we are talking...what you are saying is that Pakistan has the potential to grow much faster than what she is able to achieve due to corruption....however this is not how things are compared...numbers are compared with the past data...If NS is lucky to be PM on an era where Pakistan can only go up(which actually is not the case) then so be it...when his successor comes after next elections then we will see if he/she can get that 7-9% growth or not...As of now the fact is Pakistan economy has improved from where she was before NS came into power...Had this number gone down he would have been responsible irrespective of external factors...This is how common man going to judge him....do you disagree?

 

[iby32]

Nawaz is very good for Pakistan economy. Not sure why he is hated by most posters here.

Same Haseena in BD.

Nawaz is very good for his own pocket economy not pakistan.
He took his buisnes in india not in pakistan
He is croupt leader only good for modi and co not for pakistan

 

[Flash_Ninja]

Now we are talking...what you are saying is that Pakistan has the potential to grow much faster than what she is able to achieve due to corruption....however this is not how things are compared...numbers are compared with the past data...If NS is lucky to be PM on an era where Pakistan can only go up(which actually is not the case) then so be it...when his successor comes after next elections then we will see if he/she can get that 7-9% growth or not...As of now the fact is Pakistan economy has improved from where she was before NS came into power...Had this number gone down he would have been responsible irrespective of external factors...This is how common man going to judge him....do you disagree?

Yes of course, this growth is theoretical, but it is backed by statements:

http://www.dawn.com/news/1303806
http://www.thenational.ae/opinion/comment/amid-corruption-and-nepotism-pakistans-economy-suffers
http://www.independent.co.uk/news/pakistan-pm-made-millions-in-uk-1179392.html
http://www.pakistanherald.com/artic...s-continue-to-exit-pakistan-citing-corruption
http://www.dawn.com/news/1209949

As I said before, the current growth is primarily due to military ops eliminating terrorists and electrical supply, not any specific economic reforms or improvements in governance. Even if PMLN lost and some other party came and enforced 'status quo' we would see the same growth as we have now and If you can point to any specific economic reform that did anything then I will retract this point.

We shouldn't be aiming for 5% growth, but around 7-9% growth instead, we have the potential but so much of it is lost with poor governance.

I personally hope that there is a successor, because as things stand he looks like he will win again. My personal belief is that if PTI can secure federal government and bring in desperately needed anti-corruption, police, and social reforms, we can see much higher growth than we are currently getting.

 

[Respect4Respect01]

$300 billion ? sure?
Thats about Gates ,Warren, Mark , Carlos and Ortega together.

http://www.dawn.com/news/1105356
Ishaq Dar accepts that there is $200 Billion in Swiss Banks alone, then what about rest of the world? South Africa, Dubai and Canada are also few countries where Pakistani corrupt elite invests.

I personally think that it is true that there is around $300 billion black money, these people started looting Pakistan since 70's. They must have looted $300 billion by now, its not only nawaz or zardari, there are thousands of politicians in this list.
What is your opinion i would like to know?

 

[Thorough Pro]

LOL you need to check the meaning of debt, on topic debt servicing is the largest single allocation of our annual budget.

Pakistan paying back debt?

This gotta be a fake article.

 

[HAIDER]

ISLAMABAD (Dunya News) – Ishaq Dar issued a statement on Tuesday from the federal capital Islamabad that Prime Minister Nawaz Sharif has directed authorities to return $500 million back to China on January 23, reported Dunya News.

Reports stated that Nawaz Sharif praised the role of China in Pakistan s period of crisis. Pakistan had earlier requested this amount way back in 2009 for foreign exchange. It was told that Pakistan will be returning the amount back to China on January 23 without profit.

Previously, a session was chaired by Finance Minister Ishaq Dar to overview Pakistan’s economic performance. The session discussed economic strategy for the coming five years.

A law also came under discussion which is to lessen the debt in economy by 60 percent. The Finance Minister claimed that fiscal deficit is being decreased continuously and it will be restricted to 3.5 percent at the end of this year.

“We will make such a strategy that debts become only 50 percent of our economy”, Ishaq Dar added. Within the next 15 years, he believes that debts will be brought within 50 percent of the country’s economy.
http://dunyanews.tv/en/Business/370879-Pakistan-to-pay-back-500-mil-to-China-Dar

Wonder why they are leasing out Pakistan Steel Mill.

 

[SoulSpokesman]

they only build bridges and motorways, they don't improve hospitals because they won't get anything from there.

Build motorways and bridges, economy will grow and jobs will be created. Folks will pay for their healthcare and education with their own pockets. Sarkari teachers dont work anyways.

Regards

 

[RIP Pak LAW]

I didn't voted him but do believe that he has performed pretty well.

 

[Pakistanisage]

Nawaz is very good for Pakistan economy. Not sure why he is hated by most posters here.

Same Haseena in BD.

Both are Foreign Stooges and no one likes such people.

 

[marbella]

http://www.dawn.com/news/1105356
Ishaq Dar accepts that there is $200 Billion in Swiss Banks alone, then what about rest of the world? South Africa, Dubai and Canada are also few countries where Pakistani corrupt elite invests.

I personally think that it is true that there is around $300 billion black money, these people started looting Pakistan since 70's. They must have looted $300 billion by now, its not only nawaz or zardari, there are thousands of politicians in this list.
What is your opinion i would like to know?

Swiss account holdings by Pakistani nationals have risen by more than 16 per cent to 1.5 billion Francs, placing it 69th on the list of countries with most money stashed away in Switzerland’s banks.

This is what I found on tribune.

300 Billion is exaggerated,imo.

 

[Bilal Khan 777]

Pakistan has made a bet. It has gone completely under China's umbrella. Will it pay off? Only time will tell, however, the integration in the world market through the Chinese is inevitable. Will it help Pakistan. Yes. Is it the only solution? I dont think so.

 

[Max Pain]

Pakistan has made a bet. It has gone completely under China's umbrella. Will it pay off? Only time will tell, however, the integration in the world market through the Chinese is inevitable. Will it help Pakistan. Yes. Is it the only solution? I dont think so.

what are other alternatives if its not the only solution?

 

[Respect4Respect01]

Swiss account holdings by Pakistani nationals have risen by more than 16 per cent to 1.5 billion Francs, placing it 69th on the list of countries with most money stashed away in Switzerland’s banks.

This is what I found on tribune.

300 Billion is exaggerated,imo.

It might be exaggerated figure, but we can't deny that there is alot of black money stashed in banks outside of Pakistan. If Ishaq Dar is right about $200 billion in Swiss Banks alone, then $300 billion is also possible. Lol, just imagine even if it is only around 200 billion and it is brought back to Pakistan.

 

[marbella]

It might be exaggerated figure, but we can't deny that there is alot of black money stashed in banks outside of Pakistan. If Ishaq Dar is right about $200 billion in Swiss Banks alone, then $300 billion is also possible. Lol, just imagine even if it is only around 200 billion and it is brought back to Pakistan.

200 billion is sufficient to wipe off all debt