- 42% of Pakistan’s overall debt, amounting to $50 billion, is going to mature in 2016
- The global sell off has set off fears that the country could default on its debt
- Economic growth and clamping down on terrorism have helped improve investor outlook
- However, Pakistan already spends an obscene amount on servicing current loans and debts and can’t afford these costs to rise
- Pakistan is among the 10 least politically stable countries in the world and that’s worrisome for investors
As a major portion of Pakistan’s debt, roughly around $50 billion, draws closer to maturing, bets are starting to rise that the country will default. The recent volatility in the international markets has impacted Pakistan severely with its credit default swaps (CDR) rating rising to indicate the highest risk since January 2015, triggering anxiety.
This is an unwelcome development for an economy that has seen marked improvements due to a reduction in terror attacks and increasing foreign confidence in the Pakistani market.
In 2013, the Sharif government secured a $6.6 billion loan from IMF to avoid an external payments crisis. Since then, improvements have been seen with the current growth forecast being an 8 year high at 4.5%.
Worryingly, since the loan in 2013, Pakistan’s debt due by the end of 2016 has risen by a staggering 79%. Certain conditions of the loan, like the privatization of national companies, have also faced opposition as evidenced by the strike at PIA.
The main concern right now is that with $30 billion due in the later half of this year, Pakistan cannot afford an increase in the borrowing costs. Right now, more than 77% of our $124 billion national budget for fiscal year 2015-16 is marked to be spent on servicing our interest and principal repayment on loans.
While things sound gloomy, an imminent disaster is not expected. Pakistan’s external liabilities are relatively modest, the increase in foreign currency reserves, willingness of the IMF to help meet maturing loans as well as incoming CPEC investment are positive points.
Pakistan basically borrows more money to pay earlier debts and this infinite loop has reached an alarming stage
Industry outlook suggests that Pakistan has a quite good chance of completing its IMF macroeconomic stability program. $8.3 billion of Pakistan’s 2016 bond and loan repayments will need to be in foreign currency, which is roughly 40% of the country’s foreign exchange reserves.
The issue is that the reserves aren’t static. While they have been among the steepest risers last year in Asia, over half include debt and grants that could disappear if the global economic outlook deteriorates. This could have a negative effect on our currency, which is 20% over valued according to IMF despite being quite stable in the face of a volatile market.
Political instability is also a wild card in Pakistan. General Raheel Sharif has lead a publicly appreciated campaign against terrorists in the wake of the APS tragedy. Retiring later this year, his departure could prove to be testing for the country’s political climate, adding uncertainty to what already promises to be testing time period for Pakistan.
via Bloomberg
Sab nay mil keh Khaya kohi nahi ab aash karo sab.
What are you thinking? You really think everything will keep going on like this forever. No. A major worldwide economic crisis will hit the world ending supremacy of many countries like US which are major debtors of Banks like Federal Reserve. This fake paper money and digital currency is not going to help forever. The era of real coins will return once again once the monopoly of banks end.
PPP ne start kia aur PML-N ne double kar diye loans ,, lakin hamare log aa gay bhi unhi ko apna hukmuraan banayeinge .. hamare mulk mai mazloom zalim ke zulm se khush hai
Probably the article is targeted to undermine the financial condition of the government but actual situation is not so bad rather encouraging, when Musharraf government left every body knows that there was nothing in the kitty. It only enjoyed the benefit of debt rescheduling and PPP and PMLN government are regularly paying the installments. The debt burden rose to $66 Bn during the PPP period but Pakistan did not default. It was brought down to $59 Bn by the present government which now stands a little more than $61 Bn. Musharraf government started from $39 Bn and at the end of the regime it was $46 Bn an increase of 17.9%. PPP escalated the debt to $62 Bn when handed over the government that was 34.7%, Fort the present government the external debt till May 19 was still under $62 Bn. Mr Omer please do not misguide people. Everybody knew Pervez Musharraf threw the country into a quagmire politically and economically that was why his last words were, “Pakistan ka Khuda Hafiz” everybody know what does it mean. From abroad he said in 2010 Pakistan has entered a dead end and no chance to escape but Alhamdolillah Pakistan is today set for progress.
o bhai musharaf ny 41 bn pr govt khtam ki ….ppp ny 60 bn ….pr aur noon ny….3 saal mai 71 bn ….
dobara search karo ja k….
When Whole Economy runs on HARAM Interest, then what else you expect, other than destruction
There is always an ullo ka patha in the string of comments. In this one it’s you.
he isn’t the ullu ka patha……….he has stated it correctly………the part where interest is involved. interests make nations beg
An ullu ka patha calling someone else ullu ka patha? Really an ullu ka patha.
He is right easy money spoils.
OooOPs, too many UKP’s (Ullu-Ka-Pathas). I’m out of here ?
… hehe
Farhan aap ke baat se agree karo ga aur tau aur haram interst Kay sath fahasi bhe aam hay yeh mulk apne denye taleem bohat chuka hay sara paisa valentine day jaise fahash kamo may istaimal kar raha hay.
We are going to be fine, dont worry
Can someone explain to me what will be the consequences if Pakistan does indeed default on this debt?
Then it will seek bailout from IMF or World Bank — who are apparently ready and are arguably pushing Pakistan into that stage. Such organizations will happily grant funds conditioned with certain things, such as removal of Nuclear bombs and much more.
And that would mean that Pakistan will turn into a modern-day version of british colonised Subcontinent. Except that its much smaller with IMF taking the reins instead of the british.
Such as removal of Nuclear? Is this your opinion or do you have anything to back this up?
just a theory
Not just a theory but they could demand that and i think they will demand. These and other like these organisations and countries who cannot afford to fight Pakistan because of these nuclear power, they first try there best to destabilize the country using these strategies and tactics and then gave them loan so that one day the country could default.
I think this nation needs to understand that these current politicians are true sons of bitches. They will keep looting our country forever until we kill them and their descendents too.
hahahahaha i wonder when people didn’t knew that pakistan never won any war..be realistic atleast….
Israel lost war from lebanon without nuclear weapons
LOL Again just your opinion.
Yes nuclear bombs stopped them from coming into our country into Abbottabad and do what they please!
No one gives a shit about it.
hahahaha theory by boot lickers
hahahaha removal of nuclear bombs..very funny..could you please write an article that how many people are getting education and health from 120 nuclear weapons and billion of dollars we spent on them…just like metro and road are giving us nothing.
this article has nothing to do with your blog but I guess vaqar uncle paid you for this or may be you didn’t earn much from ads.
And here is what happens to a country (default on debt) that messes with the IMF (doesn’t returns IMF / world bank loans):
1. Everyone else stops lending to that country. That would force the government to drastically cut back on expenses, leading to domestic riots.
2. Foreign investors would quit the stock markets and eventually even direct investments would vanish. That would ransack the stock markets and destroy domestic companies. More unemployment and more riots.
3. The currency would fall like a rock.
4. When the currency falls that rapidly, the country would be unable to import essential goods. That would mean scarcity, poverty and riots.
5. Inflation would rapidly increase destroying savings and destroying wealth. More riots.
6. The riots and scarcity would destroy whatever remaining local companies.
7. The riots, currency and everything else would make the country and its leaders laughing stocks of the world.
Anyone who has been lending money for a long time has a bunch of things to keep their show running. Just as the hitmen hired by your local pawnbroker, IMF’s economic hitmen would send a defaulting economy to stone age.
So, in short, disaster.
What else were you expecting?
Well,
I was expecting that we will become the worlds strongest nation and america will fall down to its knees due to our sheer strength.
The third world war will be started and pakistan will single handedly beat everyone and eventually become the new super power.
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Because, Sarcasm ???
Hypothetical question: How could Pakistan become a superpower after fighting a world war? Even if we become “worlds strongest nation”, a world war would wreck our economy and it will take years to stabilize it.
Don’t take it too seriously. Just food for thought.
Hypothetical answer :
We just defeated the US! We can steal their resources just like they did with afghanistan, iran etc. To stabilize our economy faster ;)
I dont mind such questions tbh. Its fun to answer questions arising from completely pointless arguments. hahaha
Alright, then let’s continue this hypothetical debate.
In this world war that we won, where did nuclear weapons go? If no one used them, why? How did we prevent that? If they *were* used, how are we still alive? Keep in mind that we have about ~100 nuclear warheads. If this war was infact nuclear, I don’t think we could have face so many other nuclear nations with just 100 missiles and still be capable of claiming victory.
Your move. :)
Simple, we DIDNT have just ~100 warheads.
That was just a little fake number released to keep the country’s real power under cover.
Remember all the corruption scandals? The money didnt REALLY go into any leader’s pocket, instead we made more nuclear warheads with them and installed 1000s submarine ICBMs near every enemy’s shorelines(in a very stealthy way so that nobody could ever locate them) capable of completely destroying every nation in the world at a moment’s notice.
Thus, when the war started, we simply launched them and in a few minutes our enemies were reduced to dust ?.
P.S.
I know, the plot twist is dramatic ??
So not only we were able to make so many warheads without raising suspicion around the world, we were also able to place them so close to all our enemies. Boy are we the stealth kings.
So this indeed was a nuclear war. But how did we assure that none of the other nuclear nations would be able to launch their warheads? Seriously. Even if we assume that we have more warheads than rest of the world combined, this doesn’t put us in a winning position. The fact that rest of the world has even 1 missile is a problem for us. The scenario of rest of the world failing to successfully launch even a single missile is unbelieveable. How do you explain that? Keep in mind that we can’t pin point every other nation’s missile reserve sites. They keep rotating.
What do we have the best intelligence agency in the world for?
We simply sabotaged every missile launch capable device on earth (except our own ones of course) by sending a very destructive virus to their systems and thus prevented them from launching missiles just long enough that we could destroy them.
Alright, fair point. We won the war; destroyed our enemies. I guess we can now play superpower in the post-war world.
One question though. What happened to China? To get you familiarized with China, here’s a little unnecessary introduction: Two nations are racing to become the next superpower. China and India. It has everything that it needs to become a superpower (it probably already is). It has a very, very large population. Huge economy. Advanced tech in military, medicine, computers, you name it. A space program. Nuclear tech. It’s years ahead of its rival, India.
China doesn’t count as our enemy. So we won’t destroy (more like challenge) them. A majority of developed western nations (and our one very dear neighbour) count as our enemies. Wiping them out will leave us in a (mostly) empty world. Keep in mind that right now, there exists a *massive* power vacuum. The nations left are very underdeveloped except us and China. Even though we have come a long way, China is still pretty strong.
So here’s the question again: What happened to China? Did they fight us? If so, how are we *still* surviving? I just can’t believe that while we somehow managed to handle the west, we were able to face China in all its glory.
Or did they accept us as superpower and became the underdog? This is a very unlikely scenario. I’d like to see you cook up a reasonable explanation for this one :)
Also, same question for India.
Hypothetical part :
China did coexist with the superpower before Pakistan i.e. America right?
And due to the fact that it has such great relations with pakistan, it will continue to support us and infact, taking advantage of our new “superpower” status, will invest even more in collaborative projects with Pakistan.
India, on the other hand, will be the second country after US to be wiped off or atleast sabotaged. Becuase they would surely try to annoy us with their “Powerful” nuclear warheads (which almost always go Phusss like a bad cracker) . After the war, India will continue as usual to raise propaganda against Pakistan and being its original mischeivous self.
Non- Hypothetical part :
This is the advantage of having a hypothetical debate, you can make the rules of the game yourself. hahaha :D
Hypothetical part:
> China did coexist with the superpower before Pakistan i.e. America right?
China and USA aren’t coexisting. They’re growing hostile towards each other. China fucks with america so much. China has a government supported copycat product/company for everything that exists in US. Everything Google has done, Baidu is consistently following suit. They annoyed google so much that google had to officially announce that they will stop operating in China due to government policies (this was announced in a clearly angry post on their blog). Netflix isn’t gonna launch there anytime soon due to government policies. Alibaba is copying Amazon in *everything* they do. E-commerce, web services, you name it. They’re also investing in Indian ecommerce companies to stop Amazon’s entry in the region. Xiaomi is ripping off Apple so so much. Phones, TV devices. There’s a reason Xiaomi hasn’t entered the US market. Because the day they do, Apple is gonna sue them first thing. The list continues. You also would’ve heard about Chinese hackers messing with US companies and state departments. They’re not on good terms with each other. This might get political but back when USA started to put sanctions on us in the 70s due to our nuclear program, China supported us. From then to this day on, we have had strong military relations with China, whether US was “friends” with us or not.
And as with americans, it’s hilarious to see their views about China. China has a strong economy but americans claim that China is a child labour nation so no fair. Every now and then, western media tries to paint India as the next superpower, with no mention of China anywhere. I’m not exactly sure about this but China is also a part of a secondary world bank that runs in parallel to US controlled IMF, etc. This secondary organizations mostly consists of poorer countries. I’m sorry but I’m recalling this from memory. I can’t find a source.
So would you call this coexisting? For the time being, I will. But they sure as hell don’t plan on coexisting for a long time. Now try putting Pakistan in USA’s place against China. I don’t think our relations will continue to be the same when China has an easy opportunity to take the lead.
Non-Hypothetical part:
This is called Worldbuilding. Look it up. It’s basically every child’s best friend. I guess we haven’t grown much, have we? :)
We sure are stealth kings ??
Hahaha, we are a near-bankrupt country and you are dreaming of global domination. You should be a comedian haha
Lol did you ever think that i was being even the slightest bit of serious while writing??
?
Makes sense now haha.
Cheers bhaijaan
Cheers :)
Ha Ha Ha … Well that’s not actually happen in Current Era… You better be get yourself prepared for another WAR ;)
It usually start with selling of government assets, currency fall, inflation etc. It usually lead to riots as restructuring is painful, Greece is a good example of that.
In extreme cases they can control military expenditure.
InshaAllah it will!
What about the USA? The total budget 3000 billion dollars, the GDP 17 trillion dollars, Pakistan’s budget 34 billion dollars, the GDP 930 billion dollars. The debt of Pakistan is 50 billion dollars. The dept of the USA is $18,152,809,942,589 (18 trillions). The USA has 17/18*100 =105% debt whereas Pakistan has 50/930=5% dept when it comes to its total GDP. I think it’s nothing! THE USA is the BAAP :P
What about the USA? The total budget 3000 billion dollars, the GDP 17 trillion dollars, Pakistan’s budget 34 billion dollars, the GDP 930 billion dollars. The debt of Pakistan is 50 billion dollars. The dept of the USA is $18,152,809,942,589 (18 trillions). The USA has 17/18*100 =105% more debt as compared to Pakistan that has 50/930=5% dept when it comes to its total GDP. I think it’s nothing! THE USA is the father when it comes to taking dept :D Jis Ny Jews Ko Ghusa Jar Gya Na, America To Gya :D
There are a lot of differences in US situation and ours. Those include reasons such as American Congress owned by Jew Bankers since Abraham Lincoln, Federal Reserve, another US-based Zionist organization which prints all US dollars, the whole of the global banking system which is owned by Federal Reserve, gigantic donations of American people to Israel as a welfare fund which is taken from US budget, thanks to Congress, a lot of more reasons. US will fall, when Zionists are done sucking their blood, only then. Not before.
A time will come when they will let US dollar fail, and then they will come up as ‘saviors’ by bringing back gold and silver currencies (which btw they started stealing from world governments since 1917s).
Damn Right!!! :D
Citation?
for what?
That Amereekan people donate to illegal Israel and that Federal Reserve is owned and controlled by “JEW” bankers. Actually I like wat u said but citation is also necessary in today’s age and time. Otherwise is very easy to speculate and assumes.
Not the American people. Those are actually the victims of their own system.
The real culprits are American Government/Businesses/Corporations/Military.
Don’t mention the word Jew. THE NSA record and read everything online, u can be in big trouble.
LOL!!! I don’t care!!!
House Amereeka is like House Lannister (Game of Thrones) So just like Lannisters, Amereeka is also ruthless, cunning & backstabbers. So please be careful what u say online. CIA goons & sleeper cells abduct and torcher & kill people, whoever say anything against Amereeka & their illegitimate child illegal Israel. US Govt. is worse than Fascist Nazi.
Musharaf was biggest kanjar west dog he destoryed country by involving us in US war on terror.Due to his wrong doings country is paying the price.
Are you sure, it has nothing to do with the new loans that this and the previous government took ?
60 billion said in article is from 1960’s FYI not current government loan
Dear… Even if Zardari or Musharaf were in power at that time, it was inevitable… War was being raged in our neighbour country, Agar hum un ka saath na daitay, tho Syria say pehley yahan aa jatay khoon kharaba karnay
Oh please. Don’t you musharaf-guys get tired of these lame ass excuses?
Pak Gov has assured IMF that they will Privatize 38 national Companies till September, some of them are as Follow
PIA
Pakistan Steel Mill
Oil and Gas Development Co (OGDCL)
Muree Petroleum
Pak Arab Refinery
Sui Northern Gas
Sui Southern Gas
Pakistan State Oil (PSO)
State Life Insurance
National Life Insurance
National Bank of Pakistan
Allied Bank of Pakistan
Habib Bank Limited (HBL)
IESCO (Islamabad Electric)
LESCO (Lahore Electric)
FESCO (Faisalabad Electric)
Multan Electricity
Pakistan Engineering Company (PECO) and Many Others
Source ?
Watch yesterday’s Live with Dr. Shahid Masood
I liked your response , atleast some figures but let me make correction and post my opinion here..
Lets keep Debt as a major calculator here keeping the other factors constant like we do in economics to understand a particular effect.
Musharrat started from $32 in 1999-2000 and it reached to 38.8 by 2008 ($6.8bn in 8.5yrs)
PPP started from 38.8 in 2008 and it reaches to $56 in 2013 ($17.2bn in 5 yrs)
PMLN started from $56 and it reaches to $62bn like you said as i dont have 2015 stats with me (6bn in 2 yrs)
Ref: http://www.indexmundi.com/pakistan/debt_external.html
still we say bad words for only Musharraf and not for PPP and PML-N
There are so many other factors which might go in favour and not in favour in any of these time
But i remember the time of Musharraf when banking sector, IT section and Media was tremendously improved and advanced and employment was increased but i dont want Martial law type thing and not in favor but i clearly dont need PPP and PMLN who destroyed our country.
I wish we people realize some day that this is not what we deserve, we deserve more and better and it cant be possible with these people.
The lucky part with Dictators is that Papa Amreeka is always there to give them the billions which are not accounted for.
Unfortunately when democracy returns , no such favors.
People conveniently forget these when making comparisons.
When dictators are in power he does what he wants to. At that time media also goes mum. And when democracy wants to start a project every tom dick Henry starts dharnaz and go to supreme court to block the gov.
But again . . . people conveniently forget these when making comparisons
you are right on a lot of points but we may not forget the compensations we got from USA and IMF during Mush era. You cannot double up the GDP of the country with foreign aid. There were a lot of grey areas, especially the economic growth and gdp bubble that bursted as soon as he left. That era was more to bring in aid and less to invest which beefed up our economy. Also during Mush’s time the world saw a massive increase in wealth which lead countries like China, India and Russia to become big economies. During that period we also saw a large influx of money and growth. Now why hasn’t this happened again is because huge economies in the world have been stabilizing and similarly Pakistan would have a hard time improving it’s economy and gdp.
He had no fear of losing his presidency seat as he was not elected, so naturally he wouldn’t be making big claims like politicians who want to win elections or start big / mega projects that may or may not fail in the future.
There was indeed a boost in education and IT sector but one may question where the hell did $10 billion aid went?
Under the dicatatorship of Pervez Musharraf, Pakistan received around $10 billion of ecenomic aid and ended up with at least a $100 billion of economic damage to the country.
Now, you are right that both PPP and PML-N should also be blamed for the increasing debt but we should not forget that debt and foreign aid is what is currently keeping this country on track. We are a developing third world country that too stuck in war on terror and natural calamities.
Add $35 Bn in terms of US aid and support fund please.
FYI there is nothing like the word improved you used here. Things happened that time but without planning.
Well according some retarded anchor on Ary, Malala Yousafzai hs $60 billion in her banks. She might be able to help us out.
PM looks handsome
Keep giving your votes to PPP and PMLN.
donoun parties ne sab se ziada khaaya hai mulk ko.
please get us back 1500 billion which were looted in 2005 karachi stock exchange crash by shortcut aziz and mush.
just 1500 billion..i am just talking of one case only.
and what’s your ‘source’ for that 1500B loss?
You better check yourself about 2005 karachi stock exchange crash. An independent US firm investigated and publich the figure $14-$15 billion.
Do you mind giving a link?
I can’t post the report here, neither you going to believe but the firm Diligence Intelligence & Risk Management has published documents which you can find on google about KSE crash 2005.
Don’t look SECP report which prepared on mush orders.
We all keep crying that this sue to haram interest based banking system. Did any of us tried to stop using this haram banking system. The solution is:
1. Bring back all robbed money from political elements(Do no look possible to me).
2. Pull out recodik. get rid off all loan. Abondand haram banking system onwas.
3. Force all countries to pay our loan who need us. 20B from USA, 20B from Saudia, 10B from Chine. And 20B from rest of needing world. All who uses us.
In all cases we must get rid off ALL loan
“an imminent disaster is not expected”
Which party you belong? All the budget is used in unwanted things “Metro, Orange Line, New Vehicles for MNA, MPA and secretaries, New Airplane for PM, Food to be transferred in Helicopter, Passport sent to another city in 20,000Rs and lots of other stupidities rather to be used in economic growth and repaying the loans
We have enforced new taxes of trillions of Rupees as well but what you are stating is
“an imminent disaster is not expected”
Be mature Pakistanio warna wo din door nahi jab international politics defaulter bol k atomic asason per qabza karygi or yeh sab politicians dosry mulkon me apny maa behn or betiyon k sath achi zindagi guzarny bhaag jayengy or hum aam Pakistani khany k liye apny ghar baar k elawa apni izzat bechny per bhi majboor ho jayengy
To make things easy about the debt situation.
1)raise taxes on the rich people as it will increase revenue hence making it easier for the gov repay its debt.
2)increase the number of taxpayers, less people pay which is not good for the gov.
3)increase spending on public services like education,law enforcement,healthcare etc which will increase investment and taxpayers.
Note: Im not an expert on economics, this is what i feel should be done to resolve the debt issue.
Sir, already trillion rupees ka tax ghareeb log de rahay hain, pehly usko to utilize karna sekh jayen.
khud pm sahab ka salana income tax mere ya apky income tax se kam hy to wo kia ameeron per tax lagaega. koi bhi esa insaan khud py tax laga kar apni olaad ka future thori na daao py lagae ga
Oh I’m sorry… Jiyaayy Bhutto, and Sher aya… Don’t see u complaining on that… Kya musharraf nay apkay zaati murabay kho liyay thay ?
If you had been following me, you would’ve known by know that I complain about everyone who fucked up this country. Try a little research next time before opening your mouth.
Facts are facts. The country suffered more economically under your awesome democratic elected govts. Speaks substance about the IQ of the general public of Pakistan. Good (mis)use of the the voting rights. Everyone below an IQ of 100 should relinquish their voting rights.
First of all, fuck all the democratic elected governments as well. I don’t vote for those assholes as well. But their is a little difference between pre-musharaf and after-musharaf era.
Sure, the economy boosted in his time. But at what cost? Don’t you question or even think that? Everyone, regardless of the question of IQ, whoever votes for Nawaz/Zardari/Musharaf/Imran Khan should be banned to even take part in Pakistan’s politics because YOU ALL FUCKED IT UP.
Musharaf’s era of boosted economics came on the cost of NATO/US’s MASS KILLINGS OF OUR TRIBAL PEOPLE’s LIVES. Do you even know the average of how many people per drone strike got killed just to give you PTCL broadband?!
Look at this and be ashamed of yourselves and musharaf: http://drones.pitchinteractive.com/
That same obedient-boot-licking-khidmat style of Musharaf was continued by Zardari, and now Nawaz.
The article is misleading
It don’t tell us whether it’s foreign Debt or Local Banks Debt
By the way 50 billion divided by 20 Crore gives $125
So Pakistan debt may be $125 per capita
Do you think Pakistan may default for such a minor amount ?
Pakistan is right now in a very good position and youth should not care about PML, PPP, PTI etc
Future is for young people, you will see in next 5 years Insha Allah
College bahi, this is maturing debt, not total debt. Please don’t mislead others.
Done some research and found that
Pakistan Debt per Citizen $310
India Debt per Citizen $638
Denmark Debt per Citizen $21,560
China Debt per Citizen $3,958
SO PAKISTAN DEBT IS NOT ALARMING AS BEING PORTRAYED
Get some life, work hard and don’t listen to PTI, PPP, PML and others
Just have faith in your strenghts
…..
Care to post the source of ur so called research?
Apply some mind and google for “debt clock pakistan”
Do share how much shock you got after you read about low value of Debt per Citizen for Pakistan is $310
Done some research and found that
Pakistan Debt per Citizen $310
India Debt per Citizen $638
Denmark Debt per Citizen $21,560
China Debt per Citizen $3,958
SO PAKISTAN DEBT IS NOT ALARMING AS BEING PORTRAYED
Get some life, work hard and don’t listen to PTI, PPP, PML and others
Just have faith in your strenghts
…..
sir g aap yeh to batao next 5 years me youth ka future kese banyga, buses or trains ki drivary ya chowkidari karty huwy?
wese aap to yaqeenan kisi bari company me manager level per hongy to is hisab se agay 5 saal me CIO, CTO ya us k barabar to pohnch hi jayengy
youth ka future youth kay hth may hay na kay PTI, PPP, PML kay hath main
youth ka future youth kay hth may hay na kay PTI, PPP, PML kay hath main
35 billion total. 10 billion was only for Afghan war, like Mush said that these 10 billion are for the services we gave to US like our air bases.
kia chawal mari hai
wese atmic bomb ko sale ker k billion dollars ayen gay or wo health education pay laga dain gay..unka faida to hai koi nahi humein jese metro ya orange line ka faida nhi
welcome to Pakistan. Disease of the world. please kill this stupid piece of land for world peace.
you and your nonsense. Israel is the only nation that knows about you. long live israel
brother stay calm
wow get a life
are you living in Pakistan, please vote for Imran khan and see the changes.
nawaz is the disease, not pakistan
imran is the disease
Pakistan is blessed, unlike Iran
Illegal Israel is the disease of this world (based on fact) I’m sure this guy is not from Iran & maybe just illegal mossadi sleeper cell agent, want us to say bad things abt Iran. This is how they do propaganda and make 2 sides fight eachother so the 3rd side benefit. If Iran & PAK fight, it’s gonna benefit illegal Israel. Our real enemy is extremist Hindu India and Illegal Israel. Always remember this fact.
bhai sahab aap aram se beth kar iran me mutah ka maza lain, Pakistan k bary me sochna apka kaam nahi hy
Sheer… What the…They are selling PIA as PIA is under Debt and surely they will soon going to sale Pakistan as its too under Debt.
Metro is already in Debt just in couple of months, 20+ buses band pari hain. Road bana kar ukhara phir banaya
or ab
mosami train chalygi….
inka debt awaam ko diya jany wala hakoomat ki taraf se ehsan hy, lekin PIA ko sale karna hy q k khareedar to apna banda hy
Ok, so not paying this debt will inevitably mean the fall of pakistan.
But what if we DO somehow pay it?
I find it amusing when people living under the Dunning–Kruger effect believe Pakistan ever had a choice to say no to US. Back in 2001 and even now. The US had no trouble going to war with Pakistan or imposing enough sanctions to send it to even pre-stoneage. Your nukes are useless and pose no threat at such a long-range. And the Arab countries prefer US and India over you. The only ally left is China which won’t care less about your existence when there’s threat from India in collusion with the US.
Stop pretending you have any say or power in the world affairs. You have to oblige when the super-powers instructs you to.
Hypothetical part :
This is my hypothesis and I can make anything happen here :P and i say that china continues to be best friends with us :D
Non-hypothetical part :
Lol we sure haven’t grown up.
XD
… and they lived happily ever after. The End.
Well, this was fun. I hope we do this again. Allah Hafiz :)
Non-hypothetical part :
Well, the story isnt complete yet hahaha.
Hypothetical part :
After about ~20 years, China is indeed changing its stance and thinking of starting WW4 , Pakistan currently has bad relations with basically everybody and its only “true” friend China is on a course to betray it. What would happen?
WW4 anybody?
Non-hypothetical part :
Yar lagta hai aap ka study ka koi irada nahi hai.
Hypothetical part :
“I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.”
― Albert Einstein
So there you have it. WW4 is gonna suck. I don’t think I wanna write about that. Fast Forward. We win. Happy? :D
Non-hypothetical part:
Hahaha
Nope mera study ka koi irada nhi ??
Hypothetical part:
Guess albert didnt know that china didnt fight with Pakistan in WW3,
So no, there will still be nuclear weapons in WW4.
??
I think u both may have not accounted for foreign currency reserve increased to almost 20b usd by sharif govt.once u consider that pakistan is in much better shape. But arms race with india is what will harm more pakistan in long term.the solution will be good trade relations and total clamp down on likes of Hafiz Saeed.
ye to hona hi tha ….. is govt ka climax scene to ana hi tha….. shair my foot
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pakistan should start trade with all the neighbours including India, Iran and not only china. see the example of China and Taiwan despite being rivals they are having sound trade relations. Similarly China and India.
This article is plain wrong.It states that the Federal budget is 124 billion of which 77% is uses for debt servicing while in reality our budget is 47 billion of which 33% is used to service debt.Also we only have to repay $15 billion in debt repayments this year.I am amazed nobody had figured out this yet.This seems plain propaganda to me.How can a journal be so careless.God bless us.
definately. musharaf is the reason for all the economic crisis we are facing. moreover, fake monopoly of IMF to make fake paper money is pushing this situatioon to its worst.
Islamic beggar porkistan will become bankrupt soon thank god thereafter its nuclear weapons will be taken away from them
BHIKHARI BAN GAYA APKA MULK AUR APP DEKHTE REH GAY E… YE KAISSA DESH HAIN… KUCH SAMAJ NAHI ATA…. KYA IS DIN KE LIY E INDIA SE PAKISTAN ALAG HOOOVA THA ?
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