This report about govt's speedy note printing will shock you
- Thread starter Asim Sajid
- Start date
battery low
Chief Minister (5k+ posts)
ان بیغرت لعنتوں کے ہاتھ ملک لگ گیا ہے یہ خدا نخواستہ دوالیہ کر کے دم لیں گے پتا وتا ہے نہیں اسے اکانومی کا اور وزیر خزانہ بنا پھرتا ہے نوٹ زیادہ چھاپنے کے نقصان تو کوئی فسٹ ایئر کا بچا بھی بتا دے کا اس سی اے وزیر کو پتا نہیں کیا بنے گا ملک کا پٹواریوں کب جاگو گے
Adnan Amjad
Senator (1k+ posts)
Shameless munshi
Adnan Amjad
Senator (1k+ posts)
Pakistan's debt to GDP ratio reaches all-time high
Notes worth Rs1.20 billion were printed per day during tenure of current government.
ISLAMABAD (Daily Dunya) - Despite tall claims of breaking beggars bowl, Pakistans loan volume has soared to all-time high of mammoth Rs23, 389 billion during Nawaz Sharif regime.
Notes worth Rs1.20 billion were printed per day during tenure of current government, quoted State Bank of Pakistan (SBP).
Nawazs government borrowed Rs35, 00 billion in last one and a half year and an overall of Rs9, 000 billion in almost four years.
At the end of Pakistan Peoples Partys (PPP) reign, total volume of loan was Rs14, 318 billion out of which Rs9, 522 billion was internal and Rs4, 800 billion was external.
Total volume of loan in 1971 was merely Rs30 billion which surged to Rs2, 946 billion in 1999 and further piled up to Rs6, 126 in 2008.
It may be recalled that debt to GDP ratio cannot exceed 60 percent mark but currently it is fluctuating at an alarming 69.8 percent which stands against parameters set in 2005.
source
Notes worth Rs1.20 billion were printed per day during tenure of current government.
ISLAMABAD (Daily Dunya) - Despite tall claims of breaking beggars bowl, Pakistans loan volume has soared to all-time high of mammoth Rs23, 389 billion during Nawaz Sharif regime.
Notes worth Rs1.20 billion were printed per day during tenure of current government, quoted State Bank of Pakistan (SBP).
Nawazs government borrowed Rs35, 00 billion in last one and a half year and an overall of Rs9, 000 billion in almost four years.
At the end of Pakistan Peoples Partys (PPP) reign, total volume of loan was Rs14, 318 billion out of which Rs9, 522 billion was internal and Rs4, 800 billion was external.
Total volume of loan in 1971 was merely Rs30 billion which surged to Rs2, 946 billion in 1999 and further piled up to Rs6, 126 in 2008.
It may be recalled that debt to GDP ratio cannot exceed 60 percent mark but currently it is fluctuating at an alarming 69.8 percent which stands against parameters set in 2005.
source
Re: Pakistan's debt to GDP ratio reaches all-time high
[FONT="]The worst that this ratio's ever been was the late 90's, when it reached around 98% of gdp. This was brought about by interest rate liberalisation, thrust upon us under the IMF's structural adjustment programmes. Some analysts claim it crossed the 100% mark in 2000. We received a lifeline though, after 9/11, as a massive amount of our debt was written off, and a significant amount was rescheduled, bringing the ratio down to around 60%. It was pretty constant at this level till 2013, after which it has steadily been rising again. Absolute volume doesn't really matter; it's the ratio that counts, AND the proportion of total debt attributed to EXTERNAL debt. Govt publications are unfortunately not transparent, so the repercussions of this increased borrowing remain to be seen. Hopefully, most of it is generating a self sufficient stream of income. We'll know soon enough, in the form of accelerated gdp growth. If gdp grows as a result of the projects that these loans are financing, this ratio should come down.[/FONT]
[FONT="]The worst that this ratio's ever been was the late 90's, when it reached around 98% of gdp. This was brought about by interest rate liberalisation, thrust upon us under the IMF's structural adjustment programmes. Some analysts claim it crossed the 100% mark in 2000. We received a lifeline though, after 9/11, as a massive amount of our debt was written off, and a significant amount was rescheduled, bringing the ratio down to around 60%. It was pretty constant at this level till 2013, after which it has steadily been rising again. Absolute volume doesn't really matter; it's the ratio that counts, AND the proportion of total debt attributed to EXTERNAL debt. Govt publications are unfortunately not transparent, so the repercussions of this increased borrowing remain to be seen. Hopefully, most of it is generating a self sufficient stream of income. We'll know soon enough, in the form of accelerated gdp growth. If gdp grows as a result of the projects that these loans are financing, this ratio should come down.[/FONT]
KingCrimson
MPA (400+ posts)
Re: Pakistan's debt to GDP ratio reaches all-time high
This ratio isnt dangeroughly high - Japan, America and China all have near to over 100% - EuroZone and UK around 80%.
The issue is lack of fair competition and competency.
This ratio isnt dangeroughly high - Japan, America and China all have near to over 100% - EuroZone and UK around 80%.
The issue is lack of fair competition and competency.
