Pakistan's External debt surpasses historic high of $122billion

[Patriot forever]

View attachment 780930

EAD briefs National Assembly Standing Committee on loans

Mir Khan Muhammad Jamali Tuesday presided a meeting of the National Assembly Standing Committee on Economic Affairs in Islamabad, reported 24NewsHD TV.

www.24newshd.tv

That is a exceptional performance.

More than $10b are in our reserves. ( Net increase in reserves)

We paid almost $10- $12b in interest payments in 3 years. ( High debt payments, with a classic debt trap).

Rest is for all the assorted. e.g.

Funding against projects by WB ADB.
Managing CAD, currency stabilisation etc

This is what a significantly better model gets you primarily with market based currency.

Had we been prudulent like this a decade ago, our economy would be in a lot better shape.

This is why I feel the forum is just filled with uneducated media cell political posters who barely understand economy.

To the Indian poster Pakistan overall debt to GDP ratio has gone below India. Correct me if I am wrong for the first time

 

[Mav3rick]

External debt is not a problem as long as Debt to GDP ratio kept in check, From last year to current year Our debt to gdp have improved from 87% to 81% , (its still high) and need to be less than 70%

Is it better than it was in 2018 under PML?

 

[Norwegian]

Is it better than it was in 2018 under PML?

yes of course

 

[newb3e]

INDIAPOSITIVE mian, let us not worry about Pakistan's economy but focus on these :

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defence.pk

India - student suicide by one aspiring to write a major exam

NEET aspirant dies by suicide ahead of exam in Tamil Nadu's Salem Onmanorama Staff Published: September 12, 2021 04:00 PM IST Updated: September 12, 2021 08:57 PM IST Dhanush Salem: A NEET candidate committed suicide ahead of the entrance exam in Tamil Nadu's Salem. A native of Mettur in...

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India - Six-month-old with Spinal Muscular Atrophy dies in Kerala amid crowdfunding efforts

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anti nacional!

mitrrrunnn lynch this Modi g ka gaddar!
on topic!

wou khan sabh na kaha tha mian sanp sey paisay nikalain gey! zardari sey bhi lakin fauji boys nay mian ko nikal dia aur zardari say partnership karli!

who to blame? Alpha Mafia aka dha inc or IK?

 

[AZ1]

View attachment 780930

EAD briefs National Assembly Standing Committee on loans

Mir Khan Muhammad Jamali Tuesday presided a meeting of the National Assembly Standing Committee on Economic Affairs in Islamabad, reported 24NewsHD TV.

www.24newshd.tv

Out of which how much we paid back loan which nawaz has taken

PTI govt paid $10.4 billion in debt servicing: Hammad Azhar

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar on Saturday stressed that the PTI government paid $10.4 billion on account of debt servicing of external public loans including...

www.thenews.com.pk

Govt retired more than $10 billion in debt in 2019-2020, documents show

ISLAMABAD: The PTI government retired more than $10,140 million in debt and interest payments in fiscal year 2019-2020, documents from the Economic Affairs Division obtained on Wednesday show.According to the documents, the...

www.geo.tv

https://twitter.com/x/status/1339870211361665024

You can fool patwaris not us.

 

[Turingsage]

If only Indians took their bad news as well.......Instead of which they will make up excuses and chant MODI MODI MODI. Then go onto gang rape and no toilets.

India has thousands of newspapers in tens of languages and Hundreds of tv channels all competing to report the most sensational, lurid, eye-popping news to keep their readerships.

So examples of suicides in UK (pop 65 Million) . Suicides, 18 per day. And using one example of such a suicide and pretend something very terrible is happening in UK would be to deliberately twist to disinform.

Indias pop 1400 Million. There will be suicides in India as elsewhere in the world, including Pakistan. Every suicide is a tragedy, as is the attempt to portray such incidents to malign a country or pretending something unique is taking place.

A child died from a genetic disease that has no cure anywhere in the world. This is portrayed as India's failure . AGAIN POP 1400 MILLION.

THAT'S 6.2 PAKISTANS in one country

 

[Pandora]

PMLN took loans from 54 billion to 92 billion at the end of their tenure. Where were you at that time? Who is suppose to make interest payments and repayments on loans with mere 8 billion in reserves. PTI paid 12 billion in first in loans and interest payments in first year and ever since they are paying 10 billion every year. That too after PMLN left country with 20 billion in deficit.

 

[Keysersoze]

India has thousands of newspapers in tens of languages and Hundreds of tv channels all competing to report the most sensational, lurid, eye-popping news to keep their readerships.

So examples of suicides in UK (pop 65 Million) . Suicides, 18 per day. And using one example of such a suicide and pretend something very terrible is happening in UK would be to deliberately twist to disinform.

Indias pop 1400 Million. There will be suicides in India as elsewhere in the world, including Pakistan. Every suicide is a tragedy, as is the attempt to portray such incidents to malign a country or pretending something unique is taking place.

A child died from a genetic disease that has no cure anywhere in the world. This is portrayed as India's failure . AGAIN POP 1400 MILLION.

THAT'S 6.2 PAKISTANS in one country

I have no doubt that there are stupid lurid headlines in various media. However I question the purpose of an Indian national coming to a pakistani forum and posting this in a " I am superior" tone. Sad little posters like him need to take their small dick energy elsewhere.
There are no doubt erudite, eloquent Indians out there but they get drowned out by the small brained ,small dick bigots.

 

[Pak Nationalist]

Under the current IMF program, short-term loans were to be replaced with longer-term ones, thereby improving debt sustainability. If we can convert the significant chunk of our debt stock into long term ones, our ability to repay the debt without burdening the budget too much would improve manifold, which means more funds for developmental funding, which in turn means higher growth which in turn would result in lowering down the debt to GDP ratio.

 

[jamahir]

I think you did not like the news. Quite understandable.

Why should I like or not like the news ? And why should you not talk of the artificial and very avoidable socio-economic tragedies in India that I pointed out ?

 

[Crimson Blue]

The committee was told that more than $22.37 billion was borrowed from international financial institutions for 124 projects.

Now this part is interesting. I was concerned that PTI government might have taken out loans to plug budge deficits. But this article suggest that they borrowed $22.37 billion for '124 projects'. Our budget deficit is no more than $3 billion per year so I was wondering what was this extra financing for?

This $22.37 billion is almost 1/3 of total CPEC cost. Does anyone has any knowledge of what those projects might be?

And I am also curious if government is willing to finance $22.37 billion for 124 projects, then why ML-1 is not approved. ML-1 needs only $6-$9 over 6 years, so roughly $1.4 billion per year.

 

[Mav3rick]

yes of course

In your nightmare where you are discussing these matters with your favorite Ishaq Dar; in which he repeatedly rips your 'theories' and stories and graphs to shreds?

 

[Chhatrapati]

To the Indian poster Pakistan overall debt to GDP ratio has gone below India. Correct me if I am wrong for the first time

The devil is in the details. Majority of India's debt are incurred by Indian corporations. Our government debt is lower than your entire debt and most importantly we can afford to have the debt and get more borrowings with easier constraints because of our ext credit rating. That is the risk of declaring bankruptcy is low and will pay back the debt incurred.

 

[Mentee]

who to blame? Alpha Mafia aka dha inc or IK?

Both for their greed and pride

 

[313ghazi]

External debt is not a problem as long as Debt to GDP ratio kept in check, From last year to current year Our debt to gdp have improved from 87% to 81% , (its still high) and need to be less than 70%

Exactly. Also it's important to know what the debt is being taken on for. As long as it's spend re-financing onto better terms, or by developing infrastructure or projects that will help enable revenue generation - then it's no bad thing.