Pakistan’s external debt, liabilities shoot to record at $96.7b

[Aryan0395]

Did I say both have 30 holes? those extra 20 are for IMF and similar issues. And do tell me how you haven't been going to world bank. Look IMF is for current balance of payments and restoring the faith of investors, once that is done we would be going to world bank and such. And thus we will be in the system and if the gov, doesn't fk up like previous gov, wouldn't need to go to IMF again. That's the summary of everything Pakistan related, no need to worry.

You urself explain the difference between going to IMF for Bail out and going to world bank for loan for some infra project. I dont need to comment on it. You know both are very different in nature.
Ofcourse one goes for bailout because of fuckups of govt., No matter the reason, its still a bailout.
And i would advise u to read about bail out talks pak had with IMF.

 

[Nilgiri]

Now makes sense.....but what sort of crash could reduce it to as low as 5%?

Not sure, it could be World Bank error/glitch on its end too (or maybe they suddenly changed their indexing pattern that year and it was highly sensitive to the crash...or simply a lot of data was entered as N/A which counts as zero etc). Like the crash seems to be more of a 10 - 20% slide in the end:

https://www.business-standard.com/a...be-world-s-worst-in-april-118042700415_1.html

Generally I prefer to give World Bank a year or two breathing room for its market cap estimate because of it...given they compile across all the markets of a country (and thus have to watch out for dbl/cross listing etc) rather than specific one.

 

[Death Professor]

And i would advise u to read about bail out talks pak had with IMF.

I have faith in Asad Umar. Have heard what he has to say that's why not a single bit worried. You just read too much of biased news from here and there. Well you can say Asad Umer will be biased too, yeah but I have more faith in him compared to Pakistani media. Just wait and enjoy...

 

[N.Siddiqui]

That analogy will be more accurate the day India goes around asking for a bailout...:/
Not saying that Pak "boat" is not fixable, neither am i saying that Indian "boat" is the healthiest one in the sea, just that problems are high for the former and comparison with India isn't reasonable...we are still "managing" with our own finances. If our boat has 30 holes as u say, we have 30 pumps to throw the water out as well.

India is actually taking loans to pay loans, a kind of bad debts, similar situation to Pakistan, marginally better...

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's Growing Bad Debt Problem Is Second Only to Italy: Map

India is closing in on Italy for the dubious distinction of having the worst bad-loan ratio among the world’s major economies. With the Reserve Bank of India forecasting a worsening in the nation’s soured debt problem, acting Finance Minister Piyush Goyal said Monday that banks will consider setting up widely-held asset management companies to take over non-performing loans from lenders. The companies would take over delinquent accounts worth more than $73 million and bring in turn-around specialists to revive the assets before selling them to recover loans, according to a proposal from a government-appointed panel.

https://www.bloomberg.com/news/arti...-bad-debt-problem-is-second-only-to-italy-map

 

[Nilgiri]

@Mage

Its something even more basic, a big glitch in calc given when you go to current dollar size (for both market cap and GDP), it works out to something like 52% ish.....I think someone just by accident inserted a factor of 10 at WB site (for the % GDP chart for VN):

https://data.worldbank.org/indicator/CM.MKT.LCAP.CD?locations=VN&view=chart

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=VN

 

[N.Siddiqui]

For India's banks, the worst of their bad-loan woes may be yet to come

Soured loans, which include non-performing, restructured or rolled-over loans, reached a record high of 9.5 trillion rupees ($148 billion) in the middle of last year before dipping slightly and prompting some relief among bankers that the worst was over. State-run lenders account for the bulk of these loans.


https://www.reuters.com/article/us-...ad-loan-woes-may-be-yet-to-come-idUSKCN1FY1SH

 

[I FLY HIGH]

about india if their economy is big, it is because of their gigantic population size, since they are more than 1.35 billion people so their economy is 2.8 Trillions $, the depending population is also enormous, Pakistan should first of all document its economy, should control Black Economy, must get rid of Hawala and Hundi businesses and for that purpose they should give incentive to over seas Pakistanis to send back money through legal channels and for that purpose the overseas branches should give good remittances rates, why a person will send money through Habib Bank if private (hawala) exchanges are given him better rates??? and yes govt should think about the scheme for overseas pakistanies to send a car back home against a deposit of foreign currency equal to the price of the car value for some specific time.

at last some sensible words by pti fellow but it is half truth . whole truth is that if you cant control black economy you must have the brilliance of using the black economy to run your country. milk it . but it is over and above of Asad umer. if some one is interested i could explain it with example?

 

[ejaz007]

Thanks to your PMLN government moron.

Replaced by an even greater moron.

 

[Aryan0395]

India is actually taking loans to pay loans, a kind of bad debts, similar situation to Pakistan, marginally better...

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's Growing Bad Debt Problem Is Second Only to Italy: Map

India is closing in on Italy for the dubious distinction of having the worst bad-loan ratio among the world’s major economies. With the Reserve Bank of India forecasting a worsening in the nation’s soured debt problem, acting Finance Minister Piyush Goyal said Monday that banks will consider setting up widely-held asset management companies to take over non-performing loans from lenders. The companies would take over delinquent accounts worth more than $73 million and bring in turn-around specialists to revive the assets before selling them to recover loans, according to a proposal from a government-appointed panel.

https://www.bloomberg.com/news/arti...-bad-debt-problem-is-second-only-to-italy-map

Sources in article from scroll talk more about conflict between FinMin and RBI, which since has been resolved, and the writer himself has chipped in 2 cents about debt.
article on bloomberg is nothing more than a single paragraph and talks about bad loans of indian banks, ie domestic loans provided to indian citizens by indian banks. Action regarding that has already been put in place, merger of banks and recapitalization. It doesnt talk about national debt or debt to gdp ratio.

Atleast analyze before posting.
Heres something u may wanna read. This is what IMF has to say about India's debt to gdp ratio.
https://economictimes.indiatimes.co...market-economies-imf/articleshow/66147583.cms

 

[Norwegian]

at last some sensible words by pti fellow but it is half truth . whole truth is that if you cant control black economy you must have the brilliance of using the black economy to run your country. milk it . but it is over and above of Asad umer. if some one is interested i could explain it with example?

You can't use the black economy. You must make it white. Without it you can't collect taxes and debts correctly.

 

[N.Siddiqui]

Sources in article from scroll talk more about conflict between FinMin and RBI, which since has been resolved, and the writer himself has chipped in 2 cents about debt.
article on bloomberg is nothing more than a single paragraph and talks about bad loans of indian banks, ie domestic loans provided to indian citizens by indian banks. Action regarding that has already been put in place, merger of banks and recapitalization. It doesnt talk about national debt or debt to gdp ratio.

Atleast analyze before posting.
Heres something u may wanna read. This is what IMF has to say about India's debt to gdp ratio.
https://economictimes.indiatimes.co...market-economies-imf/articleshow/66147583.cms

....in simple wordings.

If debt is bad, taking new loans to pay back old ones has all the makings of a debt trap and the Indian government seems to be doing just that. India owed Rs 57,75,685 crores to internal and external lenders in the financial year 2014-2015 – a whopping 46% of the country’s gross domestic product. And it turns out that 77% of all long-term borrowings made by the government were actually used to pay back interest and principal on earlier borrowings rather than being spent on development expenditure.





India’s Debt Trap – 25% Of The Budget Is Spent On Paying Of Debts

https://thelogicalindian.com/story-...25-of-the-budget-is-spent-on-paying-of-debts/

 

[I FLY HIGH]

You can't use the black economy. You must make it white. Without it you can't collect taxes and debts correctly.

that is the recipie of failure , i cant teach you anymore . remain in darkness of white economy.

 

[Norwegian]

India’s Debt Trap – 25% Of The Budget Is Spent On Paying Of Debts

Pakistan uses more than 50 %

that is the recipie of failure , i cant teach you anymore . remain in darkness of white economy.

Black economy cannot be taxed properly. Without knowledge of peoples true income, government can only enforce indirect taxes that hit poor and rich alike. This these moves destroy economy more than good.

 

[I FLY HIGH]

Pakistan uses more than 50 %


Black economy cannot be taxed properly. Without knowledge of peoples true income, government can only enforce indirect taxes that hit poor and rich alike. This these moves destroy economy more than good.

ap ko yeh kis ne bataya hai? book is different than the ground reality thats why Asad umer is struggling .

 

[BRAVO_]

that is the recipie of failure , i cant teach you anymore . remain in darkness of white economy.

actually it is a far bigger thingy than what we have discussed earlier in our country we have all four economies including illegal economy, the unreported economy, the unrecorded economy and the informal economy. no govt has took them seriously for the time being PTI govt is new and i am willing to give them time but in coming few months they should set their horses right...