850 million dollar loan did not credited in SBP even after disbursement

Doom1111

Minister (2k+ posts)
850 million dollar loan did not credited in SBP even after disbursement.


Whatever it is used for first it has to came directly to SBP account to pay external debt, CAD or other expenditure.




There is no accountability of SBP what so ever.
Dollar hit to 166.30 inter bank market against PKR. 2.2 rupee devaluation in a just 3 days. I told you PTI is worst than PMLN in economy and now CAD of 775 million has become halal and devaluation is also halal now.

On 1st September Moodys will look into devaluation of 4 countries Sri Lanka, Argentina, Pakistan and Myanmar . Because PKR has devalued more than 6% in this FY Year already so there they might give the status of do not invest in PKR as Sri Lanka , Argentina and Myanmar also in the line to get that Status of Default currency.

FDI always linked with stable currency and no one will invest in a currency where 2 rupee devaluation in a week is normal for PTI economy team.

Even after devaluing currency to 9% this FY still manage to get 775 million dollar CAD.
 

Oppostion Is Mafia

Minister (2k+ posts)
This haraam Kor Patwari brings only negative propaganda and title is diffrent to his crime partners lifafa newspapers. These patwaris use to benefit from Old rotten corrupt system and now they crying.
 

MADdoo

Minister (2k+ posts)
Desprado koi proof ni, koi source ni? just 500 USD ki new laga k Government ko gallian deni shuru. i will support your point if you will come with valid proof.

One thing we all should understand, this is not about PTI or PMLn or PPPP.

Its about the incompetent and corrupt GOVERNMENT OF PAKISTAN.

Please start digesting this fact guys.
 

Doom1111

Minister (2k+ posts)
Desprado koi proof ni, koi source ni? just 500 USD ki new laga k Government ko gallian deni shuru. i will support your point if you will come with valid proof.

One thing we all should understand, this is not about PTI or PMLn or PPPP.

Its about the incompetent and corrupt GOVERNMENT OF PAKISTAN.

Please start digesting this fact guys.
SBP reserve data. It is 17625 million dollar on 13th August, on 6th August it was 17622. NO details of 350 million or 500 million dollar from SBP. It cannot go to private account, or current account or any other account without crediting first to SBP reserve otherwise it USA FED will put us watchlist just like India state bank was in 2020 due to illegal transfer.

UAE Financing was approved on July 28th and it takes 1 week to credit in SBP reserve as it was 350 million dollar Financing.



In the past Pakistan has taken 3 times same loan from UAE and it is credited within the week like example


https://www.reuters.com/article/ajman-bank-pakistan-loans-idUSL4N2422ML (2019)

https://www.khaleejtimes.com/world/rest-of-asia/pakistan-raises-370m-loan-uae-banks-lead (Nov 2020)


And ADB give same 500 million loan June 2020 ,which was credited in our reserve within 3 days.

 

MADdoo

Minister (2k+ posts)
Desprado well it is not going to any private account but still, the government has to pay many loan installments or some confidential miliary purchases. which they cannot publish.
 

Doom1111

Minister (2k+ posts)
Desprado well it is not going to any private account but still, the government has to pay many loan installments or some confidential miliary purchases. which they cannot publish.
It is the policy of any lender in the world or any aid or any kind of bank giving loan must share data of first where the money is credited. If data is not shown credited means that it did not went into SBP reserve first. Any kind of debt is to first credited into reserve of State Bank otherwise it is illegal.
 

MADdoo

Minister (2k+ posts)
It is the policy of any lender in the world or any aid or any kind of bank giving loan must share data of first where the money is credited. If data is not shown credited means that it did not went into SBP reserve first. Any kind of debt is to first credited into reserve of State Bank otherwise it is illegal.
Bro Either you are working in SBP or having less understanding of the facts around the monetary institutions.