Pakistan to receive one of the biggest loan tranche worth $3.28 billions

[itachii]

Pakistan, which received $ 44.4 billion in economic aid for a population one-sixth of India's, also got with $12.9 billion in military assistance from the US

Did you miss this part ? More over the data is old. India received much of the aid before we started liberalization which is 27 yrs back. While pakistan begs for aid even today.

 

[spsk]

Did you miss this part ? More over the data is old. India received much of the aid before we started liberalization which is 27 yrs back. While pakistan begs for aid even today.

Sir, I feel your comment is not good. Even India's external debt is too high. Our banking sector is struggling due to NPAs. Every country got its own problems and working on resolving it. Pakistan is a developing country just like us and they too have a growth rate of about 6%.

 

[ziaulislam]

Sir, I feel your comment is not good. Even India's external debt is too high. Our banking sector is struggling due to NPAs. Every country got its own problems and working on resolving it. Pakistan is a developing country just like us and they too have a growth rate of about 6%.

I gave up talking with indians based upon facts ....
There is not much difference in debt to GDP b/w Pakistan and india..not even mixh differences in growth rate(6 vs7) any more despite the world largest refugee crisis at our door

 

[Tom M]

I gave up talking with indians based upon facts ....
There is not much difference in debt to GDP b/w Pakistan and india..not even mixh differences in growth rate(6 vs7) any more despite the world largest refugee crisis at our door

But a big, big difference of debit to Forex reserver. Well you didn't saw that I guess.

 

[volatile]

Did you miss this part ? More over the data is old. India received much of the aid before we started liberalization which is 27 yrs back. While pakistan begs for aid even today.

Firstly we are not begging we are raising bonds which shows confidence of external lenders , For 41 odd billions we fought 3 wars for US ,where as India i remember was in USSR camp ,Its just China centric focus for US after that who they will be coming after

 

[Armchair-General]

Hope we go bankrupt soon so we can have a revolution

 

[ziaulislam]

But a big, big difference of debit to Forex reserver. Well you didn't saw that I guess.

So you have current account crisis...and so ? All resurgent economies have it...so than lets talk about that not debt

 

[Tom M]

So you have current account crisis...and so ? All resurgent economies have it...so than lets talk about that not debt

Indeed we do, yet most of the resurgent economies including India doesn't need an IMF or other such entities bailout over and over again. There is a reason why Pakistan had to devalue your currency lately. Why don't you enlighten me the reason for that ???

 

[Pakistani Aircraft]

Pakistan's cordial relations with Saudi Arabia once again come to Pakistan's hour of need.
Those who seek to isolate Pakistan from international financing, must learn that it's impossible to isolate the only Islamic nuclear power.

By the way, how many billions is Hindu-Extremist lead India going to add to it's half-a-trillion debt?

 

[N.Siddiqui]

Indeed we do, yet most of the resurgent economies including India doesn't need an IMF or other such entities bailout over and over again. There is a reason why Pakistan had to devalue your currency lately. Why don't you enlighten me the reason for that ???

This is myth that India is not borrowing..it is actually into bad debts.

India is borrowing more and more to pay its existing loans, and that could wreck development dreams

https://scroll.in/article/818686/in...loans-and-that-could-wreck-development-dreams



India largest recipient of loans from World Bank for 70 years, says lending report

https://www.firstpost.com/world/ind...for-70-years-says-lending-report-2581900.html


...and ITFC lending to Pak shows there confidence in the economy improving in coming years. The current account deficit is due to rising imports of machinery and capital goods...will show break even in coming days.

The International Islamic Trade Finance Corp (ITFC) has agreed to lend Pakistan $3.285 billion, its chief executive said on Thursday.

https://www.dawn.com/news/1399871/itfc-to-lend-pakistan-3285bn

 

[Tom M]

This is myth that India is not borrowing..it is actually into bad debts.

India is borrowing more and more to pay its existing loans, and that could wreck development dreams

https://scroll.in/article/818686/in...loans-and-that-could-wreck-development-dreams



India largest recipient of loans from World Bank for 70 years, says lending report

https://www.firstpost.com/world/ind...for-70-years-says-lending-report-2581900.html


...and ITFC lending to Pak shows there confidence in the economy improving in coming years. The current account deficit is due to rising imports of machinery and capital goods...will show break even in coming days.

The International Islamic Trade Finance Corp (ITFC) has agreed to lend Pakistan $3.285 billion, its chief executive said on Thursday.

https://www.dawn.com/news/1399871/itfc-to-lend-pakistan-3285bn

Well who told India is not borrowing in the first place ???

We are borrowing and borrowing big time than anyone else in the region. But have you ever read about India looking for a bailout ??? That makes the difference, we are making the repayments in time.

Pakistan's cordial relations with Saudi Arabia once again come to Pakistan's hour of need.
Those who seek to isolate Pakistan from international financing, must learn that it's impossible to isolate the only Islamic nuclear power.

By the way, how many billions is Hindu-Extremist lead India going to add to it's half-a-trillion debt?

How much we add, we won't seek a bailout ever unlike some of our neighbors did in the past.

 

[Chhatrapati]

This is myth that India is not borrowing..it is actually into bad debts.

Look for the specific term Bailout. We don't need a bailout. And it's not a not a nice idea to compare both our economies and take examples. Going through sovereign ratings you can see that.

India largest recipient of loans from World Bank for 70 years, says lending report

China also take loans, why?

 

[N.Siddiqui]

We are borrowing and borrowing big time than anyone else in the region. But have you ever read about India looking for a bailout ??? That makes the difference, we are making the repayments in time.

...this is again a falsehood spread by some media...Pakistan is not seeking an IMF bailout. Bailout is a misnomer here. The reason Pakistan is seeking other options like in the OP here.

Govt says no IMF bailout needed, mulls another bond launch

https://www.dawn.com/news/1376654

@SOUTHie

 

[Chhatrapati]

...this is again a falsehood spread by some media...Pakistan is not seeking an IMF bailout. Bailout is a misnomer here. The reason Pakistan is seeking other options like in the OP here.

Govt says no IMF bailout needed, mulls another bond launch

https://www.dawn.com/news/1376654

@SOUTHie

That's exactly what I said, we are not even talking about a bailout. While you are looking for other options to avoid an IMF bailout.

On the other hand, you clearly are comparing debts hoarded by India. Which I'm not saying is a good thing, but it has not reached a tipping point. Hence I said, you can compare the sovereign ratings.

 

[N.Siddiqui]

Look for the specific term Bailout. We don't need a bailout. And it's not a not a nice idea to compare both our economies and take examples. Going through sovereign ratings you can see that.

sovereign ratings keeps on changing...India rating is also not very good.

BTW check India local banks bailout and credit ratings and compare that with local Pakistan banks.

https://qz.com/1187854/how-india-will-pour-in-33-billion-to-save-its-banks-explained/

Fitch Sees $14 Billion Bank Bailout Easing India Downgrade Woes


KARACHI: Pakistan’s banking sector remained sound and stable in 2017, with total assets growing to Rs18.34 trillion ($159.5 billion) from Rs15.83 trillion the previous year.

http://www.arabnews.com/node/1271156/business-economy





..also economic condition keeps on changing, one reason India has a higher debt even with good economic conditions of today is earlier loans on high markup in the 90's and earlier period...

With India’s foreign exchange reserves at $1.2 billion in January 1991 and depleted by half by June, barely enough to last for roughly 3 weeks of essential imports, India was only weeks way from defaulting on its external balance of payment obligations.

Government of India's immediate response was to secure an emergency loan of $2.2 billion from the International Monetary Fund by pledging 67 tons of India's gold reserves as collateral security. The Reserve Bank of India had to airlift 47 tons of gold to the Bank of England and 20 tons of gold to the Union Bank of Switzerland to raise $600 million. National sentiments were outraged and there was public outcry when it was learned that the government had pledged the country's entire gold reserves against the loan.Interestingly, it was later revealed that the van transporting the gold to the airport broke down en route and panic followed.

Hence I said, you can compare the sovereign ratings.

Economy is not just about sovereign ratings or foreign exchange reserves...

Check other factors like downfall in India's export, 2016-17 projection was 500 billion USD, barely exported 260 billion USD in 2017. Check the joblessness rates, stagnated manufacturing.

India GDP growth rate is mostly about govt. spending on huge infra projects like Metro's and expressways, other expenditure as well, it is not due to any increase in manufacturing, minuscule increase in a year.

https://www.firstpost.com/business/why-raghuram-rajan-doesnt-trust-indias-gdp-numbers-2603304.html

https://www.livemint.com/Opinion/Ku...economic-growth-model-are-becoming-clear.html