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Which idiot A-hole agreed to pay Dividends of $1.5 Billion?? It is insane, and shows much corruption is in Pakistan's Government and Establishment.
dude it’s 1.5 billion over 12 years which comes about to be 8% APR/year. It’s a little on the high end scale but pretty standard
Western banks and world bank would sanction the loan at 4-5%. And given the High degree of risk of non repayment from Pakistan the lender would charge a higher APR to recoup as much money as it can
Typical Nawaz Ganja supporter. First give him credit for motorways, nukes, cpec, orange train etc etc. And when things go wrong, blame it on the selectors.CPEC was establishment project, Nawaz was front men. Blame as usual lies with establishment/army. Hell I remember there was plan to build dozen imported coal power plants 6600MW in coast of Balochistan. Thankfully that didnt go anywhere otherwise imagine capacity payments now.
It is a strategic cost which Pak is willing to pay to involve China in Pak Administered Kashmir..Which idiot A-hole agreed to pay Dividends of $1.5 Billion?? It is insane, and shows much corruption is in Pakistan's Government and Establishment.
This donkeyWhich idiot A-hole agreed to pay Dividends of $1.5 Billion?? It is insane, and shows much corruption is in Pakistan's Government and Establishment.
Good. Thank you, man.What is IMF - is it Iron Bro Monetary fund?
Jokes apart, World Bank suspended debt servicing for Pakistan saving her 3.4 billion $ and IMF 1.4 billion $ in 2020.
Debt Service Suspension Initiative
Established in May 2020, the Debt Service Suspension Initiative (DSSI) helped countries concentrate their resources on fighting the pandemic and safeguarding the lives and livelihoods of millions of the most vulnerable people. From May 2020 to December 2021, the initiative suspended 12.9 billion...www.worldbank.org
Read Again:
In addition to the $3 billion principal payments, the dividend payments also stand at $1.5 billion during the next three fiscal years.
@Mk-313
That dividend is from another loan or series of loans
The dividend would be typically against the equity component of the project funding. It would be a subset of the Return on Equity (ROE) component of the tariff. It is not an additional burden on the exchequer but does result in an outflow of forex and strains the balance of payments position.
Regards
General Gilani who selected Nawaz Ganja for his Punjab cabinet in 1981Who is the gentleman on Gen Zia's left?