Shabaz Sharif endorsed Biden's statement about the threat to Pakistan's nuclear assets.

[HAIDER]

Pakistan will ask international lenders for billions of dollars worth of new loans to rebuild the country after calamitous floods uprooted 33mn people and pushed its cash-strapped economy even closer to insolvency. Prime Minister Shehbaz Sharif said Islamabad was not trying to reschedule its external debt, worth about $130bn, but it did need “huge sums of money” for “mega undertakings” such as rebuilding roads, bridges and other infrastructure damaged or washed away in a deluge scientists have linked to climate change. “We are not asking for any kind of measure [such as] a rescheduling or a moratorium,” Sharif told the Financial Times. “We are asking for additional funds.” Pakistan’s leader would not be drawn on the exact amount his government was seeking, but repeated the $30bn estimate of the damage caused by the floods, the worst natural disaster in the country’s 75-year history. “There is a gap — and a very serious gap — which is widening by the day between our demands and what we have received,” Sharif said at his home in Lahore’s upscale Model Town neighbourhood. The prime minister also hinted that the failure of the international community to rally resources risked fuelling political instability in the nuclear-armed state, where populist opposition leader Imran Khan has been capitalising on widespread discontent.

Pakistan seeks billions in loans for ‘mega undertakings’ after floods

Prime Minister Shehbaz Sharif says failure to secure funds risks exacerbating political instability

www.ft.com

 

[TheDarkKnight]

@VCheng
Is he seriously trying to blackmail the intl (western) powers now? This is an extremely stupid play - the world can just ask to dispose of those assets (via UN and IAEA) if we admit ourselves we are not capable enough to stabilize and manage the country.

Here is title of the article:

Pakistan seeks billions in loans for ‘mega undertakings’ after floods​

 

[epebble]

political instability in the nuclear-armed state

Did he really utter those words? If so, it was not a smart choice. Don't know what his strategy is, but blackmail and threats with WMDs haven't borne fruits. If he said those words, some furious paddling underwater would have started in major world capitals. That would make Biden not a crazy uncle but an oracle.

 

[HAIDER]

Extremely irresponsible statement.

Did he really utter those words? If so, it was not a smart choice. Don't know what his strategy is, but blackmail and threats with WMDs haven't borne fruits. If he said those words, some furious paddling underwater would have started in major world capitals. That would make Biden not a crazy uncle but an oracle.

He should be fired from his job right away. It's a NO go zone, national security issue. Now his statement is doubting Gen Bajwa's sincerity with national security. No doubt his blackmailing statement will stuck in his throat...

 

[Sliver]

which is widening by the day between our demands and what we have received

how can you "demand" a loan? is it some birth right?
at a time when the entire world is facing an economic crisis of enormous scale
moreover, Pakistan does not have a great history of repaying loans, so how can someone "Demand" a payout ?

 

[Abdul Rehman Majeed]

how can you "demand" a loan? is it some birth right?
at a time when the entire world is facing an economic crisis of enormous scale
moreover, Pakistan does not have a great history of repaying loans, so how can someone "Demand" a payout ?

Do you know PIGS countries blackmailed Germany to bailout a couple of years ago with a threat to go bankrupt?

Lenders are not always in the driving seat. Borrowers also have bargaining power.

 

[Cheepek]

Pakistan putting gun on it's own head is the oldest time-tested trick in the book. Works all the time

 

[epebble]

Do you know PIGS countries blackmailed Germany to bailout a couple of years ago with a threat to go bankrupt?

Lenders are not always in the driving seat. Borrowers also have bargaining power.

Very different situation. Germany wanted to prevent its banks from failing. In Pakistan's case, there is no such fear as most loans are multilateral (like IMF, Paris club) or national (public) funds like China. Another thing is, Pakistan has rescheduled debts so many times that most of the lenders are not expecting to be paid, at least promptly. It is either they agree to a rollover or call it quits. First time default, hard or soft, causes nervousness. Repeat default, hard or soft, is expected. If anything, prompt payment will surprise them. No one is afraid of default by Argentina now. Everyone expects anything lent to Argentina should be considered bad debt.

how can you "demand" a loan? is it some birth right?
at a time when the entire world is facing an economic crisis of enormous scale
moreover, Pakistan does not have a great history of repaying loans, so how can someone "Demand" a payout ?

The statement almost reads like a guy walking to a bank teller and demanding a "loan". We all know what FBI calls it.

 

[SIPRA]

Pakistan is in the grip of a treasonous criminal mafia, lead by Mir Bajwa. End of all hopes.

 

[kingQamaR]

This is what USA installed puppet Gov have to do. Is to damage their own nation. Behalf of Washington. Reason they were put in there the first place.

 

[VCheng]

@VCheng
Is he seriously trying to blackmail the intl (western) powers now? This is an extremely stupid play - the world can just ask to dispose of those assets (via UN and IAEA) if we admit ourselves we are not capable enough to stabilize and manage the country.

Here is title of the article:

Pakistan seeks billions in loans for ‘mega undertakings’ after floods​

This attempted blackmail is nothing new. As I have mentioned before, what Biden said recently has itself been played up by Pakistan many times before throughout decades just to seek temporary relief, and in the process destroy its own image long term. And here we are yet again.

 

[Sliver]

Do you know PIGS countries blackmailed Germany to bailout a couple of years ago with a threat to go bankrupt?

Lenders are not always in the driving seat. Borrowers also have bargaining power.

Borrowers have bargaining power when there are more lenders and less borrowers - those who actually pay that is.
that is demand and supply
look at the LNG supplies - not one tender from Pak got picked up - why? because the producers had a choice and when given a choice, they dint pick pakistan
same with borrowing
the entire world is in a tough spot, everyone is looking for themselves and trying to lift themselves up with various ways
you think Pakistan has bargaining power right now?

the amount of work Pak had to do to secure a measly 1.4-2 Billion loan from IMF itself shows - who has the bargaining power.

 

[HAIDER]

Pakistan is in the grip of a treasonous criminal mafia, lead by Mir Bajwa. End of all hopes.

West working on their agenda, but this stupidzz PMLN giving all reasons to surrender Pak assets and on top, all Indian news media has highlighted this news.

 

[HAIDER]