Desprado123
FULL MEMBER
New Recruit
- Joined
- Nov 3, 2019
- Messages
- 3
- Reaction score
- 0
- Country
- Location
Why Government of Pakistan is not selling Euro Bonds to bulid up reserve.
- Thread starter Desprado123
- Start date
A.A. Khan
FULL MEMBER
- Joined
- Nov 17, 2016
- Messages
- 1,271
- Reaction score
- 4
- Country
- Location
One reason, Foreign Hot money. And this has been attracted through IMF. For this interest rates are being kept over 13%+ for high Rate of Return.
Short term Foreign Investment(or Hot money) in T-Bills is extremely risky and dangerous as it can be repatriated abroad without any restrictions. Similar thing happened to Pakistan in 2008 when Zardari won. The Asian Financial crisis was result of this Hot money inflows. This kind of investment has med us back to IMF Programs[which IMF likes] and on other hand discouraged long term investment helps the babus not to REFORM Pakistani bureaucracy and retain them.
Off course Imran Khan [fan of Mahathir] would not've resorted to this. He is trying really hard on one side to get long term foreign investment thru Zubair Gilani and on the other being misguided by the economic hitmen around him esp. Hafeez Shaikh.
Short term Foreign Investment(or Hot money) in T-Bills is extremely risky and dangerous as it can be repatriated abroad without any restrictions. Similar thing happened to Pakistan in 2008 when Zardari won. The Asian Financial crisis was result of this Hot money inflows. This kind of investment has med us back to IMF Programs[which IMF likes] and on other hand discouraged long term investment helps the babus not to REFORM Pakistani bureaucracy and retain them.
Off course Imran Khan [fan of Mahathir] would not've resorted to this. He is trying really hard on one side to get long term foreign investment thru Zubair Gilani and on the other being misguided by the economic hitmen around him esp. Hafeez Shaikh.
Similar threads
