Pakistan’s external account gap to reach $11.5bln in three years

[sinait]

Why can't Chinese provide us that bailout package?

Because India was unable to honor their loan to Mongolia after promising to do so. So they are butt hurt that China is doing it for Pakistan even without much fanfare. India is ALL TaLK no Action.

 

[Tom M]

They are not giving us money for free, they will take it back with interest.
China owns lot of money from US too.

The world owns $456 Bn from india, you think about that one first.

Yet we won't run around begging for bailout packages, why ?? Because $456 Bn is sustainable and repayable by us.

 

[Major Sam]

Pakistan will be 350B economy by 2020 and 30% will be loan

our current Economy for 2017 will b 315-320. By next year after census they are going to change base year. Our GDP will b 400B Minimum.

 

[BetterPakistan]

Yet we won't run around begging for bailout packages, why ?? Because $456 Bn is sustainable and repayable by us.

Don't you worry about us kid, we won't run for bailout too. Less than $60 Bn is present Pakistan external debt on central government which is very much sustainable.

Of course I know...
Yes China takes interest no one will give for free but China is not going to give you every time loans for u... that's why IMF and I think Chinese are taking more interest than IMF.

India has external debts so does uUS and China but with the size of our economy we can support ourselves... we don't need loans to keep our foreign reserves stable.

It would be better if you leave economics on people with knowledge about it. Pakistan don't even need IMF to keep reserves stable. Your thinking is wrong because Pakistan took Chinese loan with low interest rates rather than world bank. Pakistan monetary policy is less than Indian monetary policy.

For your information let me clarify the difference between Pakistan and India debt to GDP ratio:-
India:- 65.55% for 2016-17 (IMF)
Pakistan:- 60-60.5% of GDP for 2016-17 (SBP)

 

[Great Sachin]

our current Economy for 2017 will b 315-320. By next year after census they are going to change base year. Our GDP will b 400B Minimum.

as per imf pakistan economy is only 284B by 2017

 

[BetterPakistan]

as per imf pakistan economy is only 284B by 2017

Wrong, you are as always wrong.
Pakistan GDP by SBP for fiscal year 2017 (2016-17) is 33,509 Bn PKR (nominal) which means $320 Bn

Go here and see, $284 Bn is for fiscal year 2016 means (2015-16) not for 2017 (2016-17).
http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=66&pr.y=10&sy=2016&ey=2016&scsm=1&ssd=1&sort=country&ds=.&br=1&c=564&s=NGDP,NGDPD,PPPGDP&grp=0&a=

 

[Great Sachin]

Don't you worry about us kid, we won't run for bailout too. Less than $60 Bn is present Pakistan external debt on central government which is very much sustainable.



It would be better if you leave economics on people with knowledge about it. Pakistan don't even need IMF to keep reserves stable. Your thinking is wrong because Pakistan took Chinese loan with low interest rates rather than world bank. Pakistan monetary policy is less than Indian monetary policy.

For your information let me clarify the difference between Pakistan and India debt to GDP ratio:-
India:- 65.55% for 2016-17 (IMF)
Pakistan:- 60-60.5% of GDP for 2016-17 (SBP)

Check this out
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
India - 6%
Pakistan 30%

Wrong, you are as always wrong.
Pakistan GDP by SBP for fiscal year 2017 (2016-17) is 33,509 Bn PKR (nominal) which means $320 Bn

Go here and see, $284 Bn is for fiscal year 2016 means (2015-16) not for 2017 (2016-17).
http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=66&pr.y=10&sy=2016&ey=2016&scsm=1&ssd=1&sort=country&ds=.&br=1&c=564&s=NGDP,NGDPD,PPPGDP&grp=0&a=

as per your link it GDP is 29,812.7 Bn PKR which means $284 billion (1 UDS= 105 PKR)
which is shown the same in https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

 

[Guynextdoor2]

Why can't Chinese provide us that bailout package?

that's like giving themselves a bailout package. Mark my words, majority of paybacks will soon be to China.

 

[BetterPakistan]

Check this out
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
India - 6%
Pakistan 30%

I was talking about Public debt to GDP ratio in my previous comment. I guess I am talking with someone who don't have any knowledge about economics.

Secondly India external debt is $485 Bn while Pakistan external debt is $72 Bn from which less than $60 bn is part of public debt.

 

[Great Sachin]

Hahahahahaha Pakistan don't take foreign loans to pay interests either. Total foreign debt servicing for fiscal year 2016-17 in Pakistan was 113 Bn Pkr means $1.08 bn only. Lagta hay kal ICC mai jhatka lagna kai baad tum logoun ka dimagh kharab ho chuka hai...

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

 

[BetterPakistan]

as per your link it GDP is 29,812.7 Bn PKR which means $284 billion (1 UDS= 105 PKR)
which is shown the same in https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

for fiscal year 2015-16 Pakistan GDP was recorded 29,812.7 Bn and if compared with that year exchange rate it was recorded $284 Bn. And for fiscal year 2016-17 till February 2017, Pakistan external debt was $72 Bn (both public and private) which means 22.5% if compared with Pakistan GDP $320 Bn for fiscal year 2016-17

Come up with something credible, i don't trust these media sources and i hope you do the same.

 

[Great Sachin]

I was talking about Public debt to GDP ratio in my previous comment. I guess I am talking with someone who don't have any knowledge about economics.

Secondly India external debt is $485 Bn while Pakistan external debt is $72 Bn from which less than $60 bn is part of public debt.

https://en.wikipedia.org/wiki/List_of_countries_by_public_debt
Pakistan 62%
India 41%

 

[Major Sam]

https://en.wikipedia.org/wiki/List_of_countries_by_public_debt
Pakistan 62%
India 41%

Now wikipedia is authentic source,
even if you are being selective look at number with your open eyes for india its 52%, while pakistan data is from 2012.

Check this out
https://en.wikipedia.org/wiki/List_of_countries_by_external_debt
India - 6%
Pakistan 30%


as per your link it GDP is 29,812.7 Bn PKR which means $284 billion (1 UDS= 105 PKR)
which is shown the same in https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

A dumb is always dumb, 284B GDP is for 2016 year, its not for current year,

So 484B billion Dollar debt is 6% of indian GDP lol. Man where have you studied your early education.
http://www.tradingeconomics.com/india/external-debt

 

[Shajida Khan]

They are not giving us money for free, they will take it back with interest.
China owns lot of money from US too.

The world owns $456 Bn from india, you think about that one first.

Janaab, India has foreign reserves of 350+ billions. The real gap for India is very small.

456 - 350 = 106

for a 2000 billion + economy that will be around 5-6 % in reality.

Coming to Pakistan,
23 billion dollars in reserve.

74 billion external debt

50 billion for a 300 billion economy will be around 17 %

The situation for Pakistan is totally different.

 

[BHarwana]

China has already provided Pakistan a financial bail out. Two Chinese banks have supplied Pakistan with the bailout package. Confirmed reports. So hush hush Indian and the Bailout package is provided as a soft loan.

Here read this bozos and just get over it dear Indians and start crying as much as you can against China.
https://www.ft.com/content/3ae64c9a-ffd8-11e6-96f8-3700c5664d30