Pakistanis sink deeper in debt with 28% per capita increase

[Mav3rick]

Obviously debt will increase.... Musharraf left debt at $30b then Sharifs and Zardaris took over and took it to $100b in just 10 years Alhumdulilah.

By the time PML left, the external debt was around USD 71 Billion!!!!!

You MUST check your facts before posting ABSOLUTE NONSENSE all the time.

 

[Path-Finder]

By the time PML left, the external debt was around USD 71 Billion!!!!!

You MUST check your facts before posting ABSOLUTE NONSENSE all the time.

I heard it was ~100 billion!!

 

[Norwegian]

The only difference is Dar issued bonds at interest rate of 8.5% while Sheikh has issued on 13.325% interest rate.

Lol idiot. Dar issued dollar bonds at 8 percent interest when country's inflation rate was 4 percent. While Sheikh issued rupee bonds (treasury bills) at 13 percent interest when inflation is 12 percent. Real interest rate on Dar's loans were more than 4 percent while Sheikh's bonds cost only 1 percent in real interest because they are in rupees.

 

[Mav3rick]

I heard it was ~100 billion!!

After 2013 Pakistani general election, Nawaz Sharif came to power and his government got loan from the International Monetary Fund. During their rule of five years, Pakistan's external debt increased from US$52.4 billion to US$76.3 billion, an increase of 46 percent, mainly due to sukuk bonds and China-Pakistan Economic Corridor.

Source: https://en.wikipedia.org/wiki/National_debt_of_Pakistan

Perhaps the 100 Billion that you are referring to is total debt (external + internal)?

 

[Norwegian]

By the time PML left, the external debt was around USD 71 Billion!!!!!

You MUST check your facts before posting ABSOLUTE NONSENSE all the time.

What are you smoking again, Mr smart pmln govt Patwari?

I heard it was ~100 billion!!

You cannot convince brain dead patwaris. They can't even read the economic charts. They will believe anything Ishaq Dollar says.

Perhaps the 100 Billion that you are referring to is total debt (external + internal)?

Check the official figures above

 

[ejaz007]

After 2013 Pakistani general election, Nawaz Sharif came to power and his government got loan from the International Monetary Fund. During their rule of five years, Pakistan's external debt increased from US$52.4 billion to US$76.3 billion, an increase of 46 percent, mainly due to sukuk bonds and China-Pakistan Economic Corridor.

Source: https://en.wikipedia.org/wiki/National_debt_of_Pakistan

Perhaps the 100 Billion that you are referring to is total debt (external + internal)?

Actual loan details 2013-2018 as per Asad Umar PTI finance minister submitted in Senate:

 

[Norwegian]

During their rule of five years, Pakistan's external debt increased from US$52.4 billion to US$76.3 billion, an increase of 46 percent, mainly due to sukuk bonds and China-Pakistan Economic Corridor.

But but but your smart pmln told us that Cpec was China's 60 billion dollar investment. How did it become external debt? If it was debt why was it called investment?

 

[ejaz007]

Lol idiot. Dar issued dollar bonds at 8 percent interest when country's inflation rate was 4 percent. While Sheikh issued rupee bonds (treasury bills) at 13 percent interest when inflation is 12 percent. Real interest rate on Dar's loans were more than 4 percent while Sheikh's bonds cost only 1 percent in real interest because they are in rupees.

When Sheikh issued bonds inflation was around 6-8%.

 

[Norwegian]

When Sheikh issued bonds inflation was around 6-8%.

It is now around 12 percent so the investers are only getting 1 percent real interest not 13 percent as claimed by patwaris.

 

[Path-Finder]

After 2013 Pakistani general election, Nawaz Sharif came to power and his government got loan from the International Monetary Fund. During their rule of five years, Pakistan's external debt increased from US$52.4 billion to US$76.3 billion, an increase of 46 percent, mainly due to sukuk bonds and China-Pakistan Economic Corridor.

Source: https://en.wikipedia.org/wiki/National_debt_of_Pakistan

Perhaps the 100 Billion that you are referring to is total debt (external + internal)?

external debt.

 

[Ace of Spades]

its demolition period to build solid economy

And what are the blue prints of new building? Letting go of chors like ganja brothers? Procuring all the ills from all parties in to PTI, not standing by a single thing they promised in their manifesto. Fair judiciary? Non political and merit based and competent appointments? restructuring of law enforcement. Please educate us for the blue prints that they've been working on...

 

[Norwegian]

View attachment 603198 View attachment 603199

external debt.

Just wait for a stupid Patwari response on these facts and figures

And what are the blue prints of new building? Letting go of chors like ganja brothers? Procuring all the ills from all parties in to PTI, not standing by a single thing they promised in their manifesto. Fair judiciary? Non political and merit based and competent appointments? restructuring of law enforcement. Please educate us for the blue prints that they've been working on...

Here are the blue prints to fix a broken economy left by Pmln:
- massively decrease import bill
- massively curb demand
- massively increase interest rate
- massively increase taxes and tariffs on everything
- massively depreciate value of currency

This resulted in build up of foreign exchange reserves. Pakistan avoided default on its foreign payments. Exports are gradually increasing.

 

[Path-Finder]

And what are the blue prints of new building?

one thing is to decrease imports because dar the bc left it as an import economy and restart the exports so $$ comes in instead of leaving!

 

[Norwegian]

one thing is to decrease imports because dar the bc left it as an import economy and restart the exports so $$ comes in instead of leaving!

Read above

 

[Path-Finder]

Just wait for a stupid Patwari response on these facts and figures

I am not an export in economy and I too am learning.

Read above

maybe you can find when miftah ismail and especially khaqan abbasi said that it will take 3 years to fix dareconomy in 2018 I believe. yes (tooi+dar) economy.