Thanks to "Democracy, Pakistan's foreign debt to reach 100 Billion USD

[ashok321]

India's external debt according to CIA World Factbook:

UBS report: India's external economic position vulnerable - Qrius

In a written reply to the Lok Sabha, Minister of State for Finance P Radhakrishnan said that India's external debt stock stood at USD 495.7 billion at quarter ending September 2017.

 

[Safriz]

Democracy or marshal law, civilian or army govt, Pakistan's situation has remained same as a beggar through out her history.

Nop.. You are too young to claim that. We saw Martial law and we saw Democracy and we know the difference. Hardly any comparison.

Well Dictatorship got Pakistan addicted to handouts from USA, Saudis and allies, it's for Pakistanis to judge which one was better.

Yeah.. USA gave 45 Billion USD to Pakistan in 70 years, or 500 Million an year.
Pakistan's defense budget in 1970 was 550 Million USD, the rest of national budget was on top of that. So now you can guess that US aid to Pakistan was always minuscule while they trumpeted it from rooftops.

 

[ghazi52]

 

[Baghial]

It was 11 Billion USD at the end of General Zia era in 1988 (23 Billion Dollars in today's money after compensating for inflation)

30 Billion Dollars in 2008 at the end of Musharraf era (34 Billion in Today's money after compensating for inflation).

34 Billion USD at the end of Zardari era in 2013. However the country saw the highest price rise in history during Zardari regime as the prices of basic necessities shot up five folds during those 5 years.

From 2013 to now 2018 the country has taken the largest sums of foreign debts in it's history. Nawaz era has seen Pakistan's foreign debts rise another 60 Billion USD to a total of 90 Billion USd and rising to reach 100 Billion USD.

alhamdulillah fakiristan

Devdas is correct........

we need massive reforms

we just change uniforms----------the (country )hates reforms

 

[Mr ambassador]

Pakistan does not need reforms ,but revolution.

 

[protest]

India's external debt according to CIA World Factbook:



UBS report: India's external economic position vulnerable - Qrius

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2188rank.html

 

[Talwar e Pakistan]

That's still actually quite low in terms of %age compared to other countries.

 

[Thanatos]

Nothing to do with democracy. Its failure of every one.

 

[Tom M]

It was 11 Billion USD at the end of General Zia era in 1988 (23 Billion Dollars in today's money after compensating for inflation). General Zia took only 5 Billion Dollars of foreign debt in his 10 years of government, despite the country being engaged in Afghan war and taking care of over 3 million refugees. He also kept prices low.

30 Billion Dollars in 2008 at the end of Musharraf era (34 Billion in Today's money after compensating for inflation).

34 Billion USD at the end of Zardari era in 2013. However the country saw the highest price rise in history during Zardari regime as the prices of basic necessities shot up five folds during those 5 years. Fact remains that Field Marshal Ayub Khan's era was the only period in Pakistan's history when the country saw deflation instead of inflation and prices decreased instead on increasing.

From 2013 to now 2018 the country has taken the largest sums of foreign debts in it's history. Nawaz era has seen Pakistan's foreign debts rise another 60 Billion USD to a total of 90 Billion USd and rising to reach 100 Billion USD.

It doesn't seem a big issue, nothing much to worry. I mean Indian's external debit is well over USD 450 BN. Yet the world consider us one of the fastest growing economies, not sure why. Sometimes it sounds really strange.

 

[Chak Bamu]

What does this BS have to do with Economics? There is a gutter section at PDF, where all the politics is discussed. This thread belongs there, not in the Economics section.

The OP has zero understanding of politics, economics, & how these two relate to long-term strategy of a nation. He needs to read a bit about both of these before he thinks he is fit to discuss either of these.

 

[Safriz]

What does this BS have to do with Economics? There is a gutter section at PDF, where all the politics is discussed. This thread belongs there, not in the Economics section.

The OP has zero understanding of politics, economics, & how these two relate to long-term strategy of a nation. He needs to read a bit about both of these before he thinks he is fit to discuss either of these.

O jaa yaar..Bara aaya Aflaatoon.

Talk sense for a change, not your usual nonsense.

 

[SunilM]

O jaa yaar..Bara aaya Aflaatoon.

Talk sense for a change, not your usual nonsense.

It was 11 Billion USD at the end of General Zia era in 1988 (23 Billion Dollars in today's money after compensating for inflation). General Zia took only 5 Billion Dollars of foreign debt in his 10 years of government, despite the country being engaged in Afghan war and taking care of over 3 million refugees. He also kept prices low.

30 Billion Dollars in 2008 at the end of Musharraf era (34 Billion in Today's money after compensating for inflation).

34 Billion USD at the end of Zardari era in 2013. However the country saw the highest price rise in history during Zardari regime as the prices of basic necessities shot up five folds during those 5 years. Fact remains that Field Marshal Ayub Khan's era was the only period in Pakistan's history when the country saw deflation instead of inflation and prices decreased instead on increasing.

From 2013 to now 2018 the country has taken the largest sums of foreign debts in it's history. Nawaz era has seen Pakistan's foreign debts rise another 60 Billion USD to a total of 90 Billion USd and rising to reach 100 Billion USD.

Just to add, despite taking such huge loans, forex is depleting at the fastest pace in asia and not even sufficient to cover 2 months of import. Pakistan is in a debt trap. In the meanwhile, more loans. And Commercial ones with high interest rates.

Govt to secure $1.5bln commercial loan in April to shore up reserves
https://www.thenews.com.pk/print/29...commercial-loan-in-april-to-shore-up-reserves

 

[Desert Fox]

Its not about democracy its about lack of leadership

It is about Democracy. It is a failure. All votes are not equal.

In order to win in a democracy you have to be the one to promise the most free stuff at the public expense. And then when you get into power loot the country until everyone realises you are a fraud and vote you out of office, then you take all of that money you looted and relocate abroad until the guy who replaced you in office loots his share, then you return to run for re-ellection and the public has already forgotten the last time when you looted the country and yet again vote you into office because you promise lots of free stuff.

This is the democracy people love to worship @Psychic @Reichsmarschall @PakSword

 

[El Sidd]

It is about Democracy. It is a failure. All votes are not equal.

In order to win in a democracy you have to be the one to promise the most free stuff at the public expense. And then when you get into power loot the country until everyone realises you are a fraud and vote you out of office, then you take all of that money you looted and relocate abroad until the guy who replaced you in office loots his share, then you return to run for re-ellection and the public has already forgotten the last time when you looted the country and yet again vote you into office because you promise lots of free stuff.

This is the democracy people love to worship @Psychic @Reichsmarschall @PakSword

Democracy haram nahi

 

[Arsalan 345]

i don't see any hope.there is actually no hope.