Rauf Klasra on Debt on Pakistani during Nawaz Era

[xiaahmad]

Rauf Klasra on Debt on Pakistani during Nawaz Era

 

[gorgias]

ہر پاکستانی 37000 سے 100000 پر پہنچ گیا۔گروتھ تو ہوئی ناں۔۔

 

[desan]

Country is becomeing indebted, while NS and Co have become the biggest investors in UAE and UK!!!!!

 

[jee_nee_us]

India is indebted as much as 8 time more than us. Thing is they are not slaves of IMF as we are

 

[remykhan]

These mafia gangs don't know abc of economics, an accountant who is proven corrupt is running the economy, besides, they don't have to pay back anything, nation has to pay for their looting. noora voters ab choopo.

 

[MunchyMike]

This is what you will get from Nakara League, they will keep borrowing from IMF
while the poor awaam has to pay it back.

 

[wadda.chaudhry]

Rauf Klasara's facts are occasionally wrong (so is this time)

Debt per citizen: 31,125 RS to date

Here are the details:

http://www.nationaldebtclocks.org/debtclock/pakistan

Interest per Year: ₨ 509,662,366,022
Interest per Second: ₨ 16,161
Debt per Citizen: ₨31,125
Debt as % of GDP: 25.49%
GDP: ₨21,576,568,101,590
Population: 176,700,000

 

[wadda.chaudhry]

That too is based on last population consensus, If you consider population of Pakistan as 200 million and not (170 million), it will be even less then 31,125 PKR

 

[Altaf Lutfi]

انشاءاللہ اپنے میاں صاحب ملک پر قرضہ چڑھانے میں بھی سب کو پیچھے چھوڑ جایؑیں گے ! ۔۔ اایک نُورے کا نعرہِ مستانہ

 

[stranger]

Rauf Klasara's facts are occasionally wrong (so is this time)

Debt per citizen: 31,125 RS to date

Here are the details:

http://www.nationaldebtclocks.org/debtclock/pakistan

Interest per Year: ₨ 509,662,366,022
Interest per Second: ₨ 16,161
Debt per Citizen: ₨31,125
Debt as % of GDP: 25.49%
GDP: ₨21,576,568,101,590
Population: 176,700,000

dude check the difference between national debt vs foreign debt..... and then tell everyone how your post is misleading....


also do some R&D before posting (read what they count as debt: http://www.nationaldebtclocks.org/#debtexplained)

if it is unintentional then i hope you will apologize for it....

and if this is intentional lie then..
jhootay per Allah ki l.a.n.a.t

 

[wadda.chaudhry]

dude check the difference between national debt vs foreign debt..... and then tell everyone how your post is misleading....


also do some R&D before posting (read what they count as debt: http://www.nationaldebtclocks.org/#debtexplained)

if it is unintentional then i hope you will apologize for it....

and if this is intentional lie then..
jhootay per Allah ki l.a.n.a.t

The external debt ($62billion) is almost same as national debt ($58 billion). So the figure given by Rauf klasara still doesn't make sense. Does it?
http://www.tradingeconomics.com/pakistan/external-debt

$62 billion / $180 million = $344 = 34,400 PKR

And yes sorry, national debt is not same as foreign debt. But for Pakistan both debt amounts are approx. same.

Correct me If I am still wrong?

 

[Aslan]

India is indebted as much as 8 time more than us. Thing is they are not slaves of IMF as we are

India is 10 times bigger than Pakistan and their GDP much higher.IMF can dictate to Pakistan because Pakistan is weak country due to weak economy.You can't be a strong country if you take the begging bowl around the world.Nawaz Sharif is building metro buses instead of solving the power shortages and reviving the industry .

 

[stranger]

The external debt ($62billion) is almost same as national debt ($58 billion). So the figure given by Rauf klasara still doesn't make sense. Does it?
http://www.tradingeconomics.com/pakistan/external-debt

$62 billion / $180 million = $344 = 34,400 PKR

And yes sorry, national debt is not same as foreign debt. But for Pakistan both debt amounts are approx. same.

Correct me If I am still wrong?

good at least you corrected your figures.... now sum up both... 34400 + 31125 = 65525 per person??? still less than what he claimed???

now add up the national and external debt and per capita debt is $ 666.66 per person(180 million population).... exchange rate as of today: $1 = RS 102.6 (http://www.forexpk.com/) = RS 68400

again he is proved wrong??

now look at it again (from my point of view :)

external debt of Pakistan: check worldbank, CIA factsheet and IMF factsheet.. (https://en.wikipedia.org/wiki/List_of_countries_by_external_debt)

external debt in May 2013 was $67 billion... please share how you calculated it $62 billion (that means Pakistan paid $5 billion in last two years and did not took any external loan - my estimate of current external loan stands around $82-90 billion as of April 2015 but need to find some source, some assumptions are IMF loans in last 2 years + Chinese loans given to pk + investment bonds of worth $7-8 billions Pakistan sold at 7-8% interest last year)

last years report says that per capita debt is around Rs82627 (http://tribune.com.pk/story/716725/every-pakistani-now-owes-rs82627/) and for current year it is definitely more than that (but again i will bring some valid sources of external + public debt)

and lastly, please check the CIA factbook for 2013 and govt debt per capita at
https://en.wikipedia.org/wiki/Government_debt

it says per capita debt of Pak govt is $1462 ($ 283 billion in total), and remember its 2 years old data till april 2013


now talking about only national and external debt, please read this
http://www.thenews.com.pk/Todays-News-2-277712-Debt-on-each-Pakistani-is-over-Rs1-lac-now

and lastly, govt is using investment bonds to keep external borrowing to a lower level, which add to govt debt but wont be visible in external debt..... they are way too smart to cheat us all :)