Govt took $6.9 billion foreign loans in just 9 months!!! Yesterday other 4 Billion Dollars loan from

PkRevolution

Chief Minister (5k+ posts)
پاکستان کو بچالیں- پاکستان تباہی کے راستے پر

modi_nawaz_loan_pakistan.png


حکومت کے پاس اپنی شاہ خرچیاں پورا کرنے کے لئے پاکستانی کو مزید مقروض کرنے کے سوا کوئی چارہ نہیں۔

گزشتہ نو مہینوں میں تقریبا' سات بلین ڈالر کا پاکستان کو مقروض کیا گیا اور کل ہی مزید چار بلین کا قرض ایشین ترقیاتی بینک سے لیا گیا۔ اس طرح نو مہینوں میں ٹوٹل گیارہ بلین ڈالر کا پاکستان پر قرضہ چڑھایا گیا۔

یہ ایک خاص منصوبہ بندی کے تحت کیا جارہا ہے، جس کے کرتا دھرتا ہندوستان میں بیٹھے ہیں۔

وزیراعظم ہاوس، پارلیمنٹ اور صدارتی ہاوس کے روزانہ کے اخراجات، ان کی شاہ خرچیاں، بیرون ممالک سب حکومتی وزیروں اور ان کے خاندانوں سمیت دورے، لگزری فائیو اسٹار ہوٹلوں میں قیام یہ سب کچھ اخراجات بیرون ممالک سے قرض لے کر پورے کئے جارہے ہیں۔

پاکستانی ادارے نواز شریف اور اسحق ڈار نے تباہ کر دئے، نئی جابس پیدا کرنا تو دور کی بات جن کی جابس لگی ہیں وہ گھبرائے ہیں کہ کسی وقت ان کا نمبر بھی بیروزگاروں کی لسٹ میں آسکتا ہے

اسحق ڈار ایک فقیر خاندان سے نہ ہوتے تو پاکستان کو مزید فقیر بنا کر دنیا کے سامنے بے عزت نہ کرتے۔ اس حکومت کے پاس کوئی پلان نہیں، ترقی کے خالی نعرے اور خرچے قرضوں سے پورا۔ جھوٹی فریبی اور دغا باز اس ملک پر قابض ہوگئے جن سے فوری چھٹکارا اشد ضروری ہے۔
May 05, 2016


Govt took $6.9b foreign loans in just 9 months



ISLAMABAD - The government has taken whopping $6.9 billion loans in just nine months from international financial institutions and different countries, which enhanced the countrys overall debt.

The PML-N government received $1.5 billion from the International Monetary Fund (IMF) and $5.4 billion from multilateral and bilateral donors during first nine months (July-March) of the ongoing financial.

Pakistans overall debt had surged to Rs18.69 trillion by end of January 2016 due to the massive borrowing from international lenders.

Foreign debt was recorded at Rs5, 573.6 billion ($53,122.

0 million) and domestic debt at Rs13, 120.6 billion.

Massive borrowing helped the government in increasing countrys foreign exchange reserves to nearly $21 billion, of which SBPs reserves are about $16 billion.

The Ministry of Finance defended the foreign loans taken by the government since coming into power in June 2016.
All inclusive cost of the total external debt obtained by present government comes to around 3.30 percent, which is significantly lower than the domestic financing cost of about 10.0 percent, even if one builds a margin of capital loss due to exchange rate depreciation.
Thus, the cost of external debt contracted by the current government is highly economical, the Ministry of Finance stated.
It added that share of external loans maturing within one year is equal to around 28 percent of official liquid reserves at the end of 2014-15 as compared with around 69 percent at the end of 2012-13.

Meanwhile, Pakistan is currently negotiating with the IMF in Dubai for another tranche of $500 million.

The official documents of the Economic Affairs Divisions showed that Pakistan has taken $5.4 billion loans from the multilateral and bilateral donors.

On top of the list, the government took $1.4 billion loan from commercial banks during July-March period of the current fiscal year as against the budgeted amount of $200 million.

Pakistan received $721.8 million from the Asian Development Bank (ADB) during nine months of FY15-16 against the budgeted estimates of $1020.4 million.

Meanwhile, China provided loan of $615.7 million during July-March period against the annual estimated amount of $3.
04 billion.

Another larger component of the assistance was the auction of Eurobond of $500 million.

The government has still got a space to auction another bond of the same value before the end of June 2016, as it estimates to generate $1 billion during the current financial year.

International Development Association (IDA) released $708.8 million for Islamabad during period under review.
Similarly, UK disbursed $246.9 million.

Pakistan received $129.2 million from the United States of America (USA), $78.5 million from the International Bank of Reconstruction and Development (IBRD) and $81.5 million from the Islamic Development Bank during July-March period of the year 2015-2016.

Kuwait disbursed $48.66 million, Germany $31.98 million and IDB (S-Term) $684.8 million in the current fiscal year.

However, the government received no assistance from Australia, EU, Italy, Norway and UNDP during the period under review.




http://nation.com.pk/business/05-May-2016/govt-took-6-9b-foreign-loans-in-just-9-months


05.05.2016

قرضے لے کر پاکستان کے زرمبادلہ کے ذخائر کو بڑھایا گیا- اسحق ڈار کو پھانسی دی جائے




 
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arafay

Chief Minister (5k+ posts)
ok so that is how govt is avoiding next IMF loan so patwaris can claim they have gotten rid of IMF.

They have started taking loans from ADB instead of IMF
 

Omar Khan

Politcal Worker (100+ posts)
Agar Aisi He Chalta Raha To Wo Din Door Nahi K Pakistan Bankrupt Hojaiyga. Or Yai Lohaar Or Zardari Type Log London Ya Washington Shift Hojaiyngay Par Saari Takleef Ap Logo Ko Or Mujhay He Daikhni Paray Gii.
 

Omar Khan

Politcal Worker (100+ posts)
Agar Yai Mulk Khudaa Na Khwaasta Economically Tabaah Huva To Us Main Patwaarioo Or Un K Supporters Ka important Role Hoga
 

crankthskunk

Chief Minister (5k+ posts)
I have been saying it for a very long time the biggest evil in Pakistan is Dar. He is the brain behind these looters Nawaz.
But it is the fault of our journalists. They cannot expose this harlot.
He only knows two cards trick. Borrow and then spend on some trophy projects for their own cuts. Add the loan to the GDP figures and claim Pakistan is progressing. Sell crown jewels to their own henchmen, getting more cuts or share in the loot.
This had been the story of all 3 terms for Nawaz thug.
Why are we surprised!
This had to happen.
 

Talwar Gujjar

Chief Minister (5k+ posts)
PTI k baqi bhrkein tau thus hau gaee hein, ab on k axri umeed Pakistan k economic turmoil ha. Isis liey yeh dhrany varnay kartay rehtay hein takeh economic loss barhta rahey. In k xawahish k barax, inshaAllah Pakistan k economy improve hau rahee ha, aur yeh rautay h rahein g.
 

AakhirKab

MPA (400+ posts)
Just to get the facts straight, ADB provides money on approved projects that they deemed are legitimate and needed to be worked on. A whole study is done prior to issuing loan and a project approval can take several months (6 - 12 months) as they make sure the money is paid back. So one cannot imply that just because Pakistan is getting all these project loans from ADB (and from others for that matter), it is on a downward spiral and on a losing track. Lots of these projects are legitimate projects (like Karachi Rail Transit project - pending approval) and work is/was performed as planned. While chances of someone getting kickbacks in these projects are always there (as it is in the genes of our nation and is true with any other third world country as well, including India), the thing to look at is if projects are completed as this is one of the pre-conditions of these loans. A future loan will not be provided if the past project is not done. Of course the lender does not go down to macro manage and analyze the cost spent on the projects.

India is getting as much money from ADB on their own projects as well.

Lastly, just to have huge foreign debt is no 'tool' to judge any country's performance and to predict it's obvious demise. It is the planning to pay back those loans/debts that matters and it appears Pakistan has been considered 'reliable' enough to get all these foreign loans as institutions are still open to give them money. Most of Europe's advanced countries have huge foreign debts.

Unfortunately, as is so common on most issues here, people tend to jump to conclusion with out much understanding of the issue.

http://www.adb.org/projects/pakistan

http://www.adb.org/projects/43574-025/main

https://www.gfmag.com/global-data/economic-data/xtegh9-external-debt-in-countries-around-the-world

http://www.adb.org/projects/search/status/proposed
 

wadda.chaudhry

Senator (1k+ posts)
Debt to GDP ratio is 55%+ (and less than 65%) for last two decades. Under this monetary and economic system, 189 countries have external debts and when compared with debt-to-GDP ratio, 100+ countries are worse than us including USA and many European countries. Debts are never good anyway. However under this system, stable ratio indicates that your economy is not getting worse.

 

wadda.chaudhry

Senator (1k+ posts)
I have been saying it for a very long time the biggest evil in Pakistan is Dar. He is the brain behind these looters Nawaz.
But it is the fault of our journalists. They cannot expose this harlot.
He only knows two cards trick. Borrow and then spend on some trophy projects for their own cuts. Add the loan to the GDP figures and claim Pakistan is progressing. Sell crown jewels to their own henchmen, getting more cuts or share in the loot.
This had been the story of all 3 terms for Nawaz thug.
Why are we surprised!
This had to happen.


If only DAR is borrowing, how come our debt-to-GDP ratio almost same for last 10-20 years? it was 58% in Mushraff's era as well, in last tenure of PPP it was 65.8%, and now its has reduced a bit.
 

MunchyMike

Minister (2k+ posts)
What is the interest rate for these loans? If Mota Nawaja satys in power
then Pakistan is heading for default. While India is buying Rafale, S400
and spending alot of money on weapons. You know whats coming
when Pak has no money left.
 

PkRevolution

Chief Minister (5k+ posts)

If only DAR is borrowing, how come our debt-to-GDP ratio almost same for last 10-20 years? it was 58% in Mushraff's era as well, in last tenure of PPP it was 65.8%, and now its has reduced a bit.

Your claims are wrong. 2012 debt to GDP was 64.5 %. It is alarming for a country, if debt to GDP touches 65% and currently it is just 0.2 points away, which new 4 Billion Dollar loan from ADB will meet soon.

Fact is that per Capita Debt increased to 1 Lakh 14 Thousand RS. It is growing day by day and you are proud of that.

pakistan-government-debt-to-gdp.png



http://www.tradingeconomics.com/pakistan/government-debt-to-gdp
 
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arafay

Chief Minister (5k+ posts)
Just to get the facts straight, ADB provides money on approved projects that they deemed are legitimate and needed to be worked on. A whole study is done prior to issuing loan and a project approval can take several months (6 - 12 months) as they make sure the money is paid back. So one cannot imply that just because Pakistan is getting all these project loans from ADB (and from others for that matter), it is on a downward spiral and on a losing track. Lots of these projects are legitimate projects (like Karachi Rail Transit project - pending approval) and work is/was performed as planned. While chances of someone getting kickbacks in these projects are always there (as it is in the genes of our nation and is true with any other third world country as well, including India), the thing to look at is if projects are completed as this is one of the pre-conditions of these loans. A future loan will not be provided if the past project is not done. Of course the lender does not go down to macro manage and analyze the cost spent on the projects.

India is getting as much money from ADB on their own projects as well.

Lastly, just to have huge foreign debt is no 'tool' to judge any country's performance and to predict it's obvious demise. It is the planning to pay back those loans/debts that matters and it appears Pakistan has been considered 'reliable' enough to get all these foreign loans as institutions are still open to give them money. Most of Europe's advanced countries have huge foreign debts.

Unfortunately, as is so common on most issues here, people tend to jump to conclusion with out much understanding of the issue.

http://www.adb.org/projects/pakistan

http://www.adb.org/projects/43574-025/main

https://www.gfmag.com/global-data/economic-data/xtegh9-external-debt-in-countries-around-the-world

http://www.adb.org/projects/search/status/proposed


do you know export of india in 2014-15 was $314 billion and remittance to india totalled $70 billion while their total external debt is around $480 Billion. This means total external debt of India is only 25% more than their $ inflows per year. If India wants they can pay a significant portion of this debt just by controlling their import bill.

Pakistan with just 30 billion USD and 20 billion remittance has a total external debt of around 70 Billion approaching 90 billion by 2017 (due to cpec). This is a totally different situation because all our $ inflows in any given year will only pay 50% of our external debt.
 

PkRevolution

Chief Minister (5k+ posts)
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wadda.chaudhry

Senator (1k+ posts)
Your claims are wrong. 2012 debt to GDP was 64.5 %. It is alarming for a country, if debt to GDP touches 65% and currently it is just 0.2 points away, which new 4 Billion Dollar loan from ADB will meet soon.

Fact is that per Capita Debt increased to 1 Lakh 14 Thousand RS. It is growing day by day and you are proud of that.

pakistan-government-debt-to-gdp.png



http://www.tradingeconomics.com/pakistan/government-debt-to-gdp

Sorry about little mistake in number. I didn't checked the exact number but my point was that debt-to-GDP ratio was always 55%+ in last two decades. If they are taking loans, they are returning and $10b returned by this govt as well.

I am not proud of it just mentioning that in current monetary system almost 150+ countries have higher external debt and per capita then us. Its just the way how this capitalist system works.
 

wadda.chaudhry

Senator (1k+ posts)
Never read such a stupid comment. Debt is increasing and you say we are paying back. This is contradiction. Do collect information first from solid source. Provide source what you say, just dont deliver big blunders here.

THIS IS STATE BANK OF PAKISTAN :

pakistan-external-debt.png



http://www.tradingeconomics.com/pakistan/external-debt

I am sure the percentage to GDP is similar.
By the way, was the foreign reservers same as 2013? was the interest rate same as 2013? was the inflation same as 2013?

What I am trying to say on macro level is that, debts are not good, BUT these are not the only indicator that reflects the country's economy, there are lot of things that needs to be seen in conjunction with debts.
 

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