Dollar to hit 180 by December (Khaleej Times) as Govt adds $25.8bn debt in 10 months (Gulf Times)

Dunkin Donut

Senator (1k+ posts)
Analysts and experts said that the rupee is expected to stabilise at Rs160-165 against the dollar (43.6-45.2 versus the dirham) by the end of this month. In a short-to-medium-term scenario, the currency is likely to touch Rs180 (49 versus the dirham) by the end of this year.

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The federal government of Pakistan has added Rs3.9tn ($25.92bn) to the public debt in just 10 months of the current fiscal year, which is nearly half of the amount that the Pakistan Peoples Party (PPP) government added in its full five-year term.

The central government’s total debt surged to Rs28tn with net addition of Rs3.9tn from July through April of the current fiscal year, reported the State Bank of Pakistan (SBP).

The central government’s debt increased at an alarming pace of 16% in first 10 months of this fiscal year, showed the SBP data.

The increase in public debt was nearly half of the debt that the PPP government added in five years.

During the PPP’s 2008-13 tenure, the public debt surged from Rs6tn to Rs14tn.

In the next five years of PML-N government, it hit the Rs24.2tn mark with an addition of Rs10tn.

Pakistan govt adds $25.8bn to public debt in 10 months
 
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free_man

MPA (400+ posts)
What these propagandists are playing on, is numbers. Major portion of this 25.8 billion is short term loan or call it central bank deposits to boost up foreign reserves like Saudi's, UAE and china's package which are in reserve pot. Remaining loan is to pay off short term loans borrowed by previous govt. Total debt may be increased by 3 or 4%. This, from their perspective is good strategy to panic people by skewing numbers so that when panic is turned on then you dont need to attack a country, it collapses with its own weight. These pro Indian lobby sympathiser with sharifs is forgetting that in chaos and civil disorders foreign stooges are taken to gallows first and their empires are ransacked.
 

mskhan

Minister (2k+ posts)
Analysts and experts said that the rupee is expected to stabilise at Rs160-165 against the dollar (43.6-45.2 versus the dirham) by the end of this month. In a short-to-medium-term scenario, the currency is likely to touch Rs180 (49 versus the dirham) by the end of this year.

620191505936839727154.jpg


The federal government of Pakistan has added Rs3.9tn ($25.92bn) to the public debt in just 10 months of the current fiscal year, which is nearly half of the amount that the Pakistan Peoples Party (PPP) government added in its full five-year term.

The central government’s total debt surged to Rs28tn with net addition of Rs3.9tn from July through April of the current fiscal year, reported the State Bank of Pakistan (SBP).

The central government’s debt increased at an alarming pace of 16% in first 10 months of this fiscal year, showed the SBP data.

The increase in public debt was nearly half of the debt that the PPP government added in five years.

During the PPP’s 2008-13 tenure, the public debt surged from Rs6tn to Rs14tn.

In the next five years of PML-N government, it hit the Rs24.2tn mark with an addition of Rs10tn.

Pakistan govt adds $25.8bn to public debt in 10 months
This is not public debt, nobody will give Pakistan $25 billion out of thin air, they $8 billion deposited in State Bank by friendly countries are to plug the mammoth current account deficit of $19 billion dollars, this government hasn’t actually borrowed a penny yet, the deal done with IMF for $6 billion dollars hasn’t materialised yet.

The PLMN Government left, $30 billion dollars foreign debt, $19 billion dollars current account deficit, 1600 Arab circular debt and around 87 thousand Arab government debt. These numbers are mind boggling.

This government inherited the worst economic conditions while PPP has the best. Government debt will increase for a few years, the country is under sever financial stress, it was exactly the case with U.K. after the financial crises. If this government hasn’t taken the steps that it did, the country would have bankrupted and that would have been disastrous for the country, you would have had to take millions of rupees to buy toilet paper, exactly like Venezuela.



I think apart from Patwaris, people should stop watching these useless news. Pakistan is on the way to progress. There is no sign of corruption, crooks are getting arrested, tax net is widening, we have for the first time in 13 years uninterrupted electricity, there are homes for homeless, disabled are being looked after, state is taking responsibility of its people, our country has turned a corner, this country will become a great country.

Plus this government has to pay back the billions of dollars quarterly repayments of the loans already borrowed. There is no easy solution, all hard choices.
 

Citizen X

(50k+ posts) بابائے فورم
Once again fake propaganda by jahil Ferrari media cell slaves. 1st this is not an article from Khaleej Times but rather a pretty unknown online website Gulf Times, first time I am seeing it today and the name of the authour is missing and there is 0 mention of 180.
 

Dunkin Donut

Senator (1k+ posts)
The Gulf Times (GT) newspaper was founded in 1978 as the first publication of the Gulf Publishing and Printing Company in the capital city of Qatar, Doha (or ad-Dawhah).[1] It is one of three English language newspapers in the country (the others being The Peninsula [1995] and the Qatar Tribune [2006]). It is published by Abdullah bin Hamad Al Attiyah, the former deputy prime minister and the former head of the Emir's court. The current chairman of Gulf Times is Abdullah bin Khalifa al-Attiya, while the editor-in-chief is Faisal Abdulhameed al-Mudahka making the editor in charge K T Chacko.[2]

Khaleej Times (KT) is a daily English language newspaper published in Dubai, United Arab Emirates.[2][3][4] Launched on April 16, 1978, KT is the UAE's oldest and remains the country's longest running English daily.[5] A partnership between the UAE government, the Galadari Brothers and the Dawn Group of Companies began publishing the daily on 16 April, 1978, making it the first English daily in the UAE.[6][7] The founding team consisted to Mr. Muzammil Ahmed, Director, Mr M.J. Zahedi, Acting Editor, and Mr. Iqbal Noorie in charge of circulation. They were soon joined by Mr. Malcolm Payne, Editor.


Yoothead (YH)
A special cross breed between a Yoothia female born around mid to late 70's and a Crackhead Cocaine addict cricket celebrity from 90s, with a low I.Q level often found today on internet in extreme delusional state of mind.
 
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