Your Suggestion?

[Okara]

Imran Khan or Allah's miracle won't give Pakistan 10 billion dollars required to payback external debt each year. Entire economic and financial structure needs to be changed to come out of this crisis View attachment 4306View attachment 4307

Arif Miracles do happens and I believe the lords of heavens and earths will help us because we have a person at the top who is not corrupt and working hard for us. May Allah help IK with his blessings Amin

 

[Okara]

اگر 22 کروڑ پاکستانی 35 سال جھیل سکتے ہیں تو آپ کیوں نہیں۔

Sadly we Pakistani are so blind and blaming IK for the situation which corrupts put into it.

 

[arifkarim]

Arif Miracles do happens and I believe the lords of heavens and earths will help us because we have a person at the top who is not corrupt and working hard for us. May Allah help IK with his blessings Amin

Ok I have done the calculations. Pakistan is currently short of 10 billion dollars to payback its external debt. It is also short of 5 - 10 billion dollars in current account to pay for its growing import bill.
Permanent solution to this mess is painful. Pakistan must immediately stop gdp growth for more than 4 percent a year. This will bring current account deficit in control as it did when PTI govt slashed gdp growth between 2018 and 2020:

As for debt repayments of 10 billion dollars a year, Pakistan can relax foreign investment rules / regulations and try it's very best to increase foreign remittances. Currently they are growing but I am not sure how long it will keep the momentum:

With growing remittances and foreign direct investment, Pakistan will slowly get out of this external debt trap. It will require at least 10 years of stable govt or martial law ?

 

[Okara]

Ok I have done the calculations. Pakistan is currently short of 10 billion dollars to payback its external debts. It is also short of 5 - 10 billion dollars current account deficit to pay for its import. Solution to this mess is painful. Pakistan must immediately stop gdp growth for more than 4 percent a year. This will bring current account deficit in control as it did when PTI govt slashed gdp growth View attachment 4309View attachment 4310
As for debt repayments of 10 billion dollars a year, Pakistan can relax foreign investment and try it's very best to increase foreign remittances. Currently they are growing but I am not sure how long it will keep the momentum View attachment 4311
With growing remittances and foreign direct investment, Pakistan will slowly get out of this external debt trap. It will required at least 10 years of stable govt or martial law ?

Arif Sahib
I am not expert of economy but its my gut feeling that Pakistan needs an honest person as a Finance Minister and sadly Shoukat Tareen is not the one who can bring us from this mess.
I still believe Assad Umber is way better than Shoukat or Hafeez kind of people.
As a human, our job is effort and result is from Allah. So we must do what we can and pray from Allah to give us success. Amin.

 

[arifkarim]

I am not expert of economy

I already showed you the rough macro economic numbers that require major structural change to get fixed permanently. If you don't understand try world famous macro economist Dr Atif Mian

Fixing Pakistan’s financial woes

There are three crucial elements that should be part of the strategy to get out this doom-loop.

www.dawn.com

 

[The Sane]

I asked a builder to build an apartment building for me. My manager colluded with builder and signed a contract at very high rate as compared with the similar projects in the city on behalf of my company. Now building is completed and nearly 50% building is rented out which is not covering even the utilities of the building. I can't sell this building as my manager signed a closed mortgage for 35 years term at 16% interest.
Not only I have to pay financial charges but also I have to bear most of the operational costs from my pocket.
Please propose a solution to me to come out of this situation?
Rajarawal111 Siberite Bubber Shair Landmark arifkarim Dr Adam Worldtronic Wake up Pak ranaji monstar Awan S

Have the building insured at a hefty return and burn it down. Something to learn from Shahbaz Kutti Sharif.

 

[Okara]

Have the building insured at a hefty return and burn it down. Something to learn from Shahbaz Kutti Sharif.

Means 9/11 model?

 

[Siberite]

Look like the thread starter loaded the Naswar against his nostril once gain . The term of the loan is different than the amortization time . The long amortization is only taken because of the affordability reason and the credit of the applicant forcing the lender to increase the risk factor thus increasing the interest on loan .

May be you have been robbed, mauled and cheated by the master of your household or chokidar for last many years , left your house in a shamble when the bullet flying every second, bombs blasting every corner and the special agents are roaming around your alleys, hall way and rooms that the value of your house has depleted terribly . No lender will come to give you money, no lender will come to even asses your house for the money you are looking to provide your family food, fuel and utility, let alone the previous loans ...
So, before the utopia of your mind allude you for the perfection , try to go to Melbourne and see your lost money at work ....

 

[The Sane]

Means 9/11 model?

Like LDA plaza

 

[بابا جی آف کینیڈا شریف]

Pracha Sahib
U are a bit closer. The owner of Project is not me but is Pakistan. Manager in this case is Shahbaz Shareef and Projects are Orange Train, IPPs etc.
Now tell me is there any way Pakistan can get out of such projects?

Countries and nations can't be blackmailed for long periods due shabby deals by their corrupt rulers. There are force majeur clauses on all contracts and countries (with serious minded and honest rulers) find ways to wriggle out of such contracts. Khan had brought the same old ppl from oil mafia. How would they go against their own interests. Khan can still do it, but he has to bring honest ppl and get the job done.

 

[Pracha]

Legally we can't come out of the contracts. As a nation, we have two choices:
Keep paying till the time contracts are matured but what are the chances the new contracts will not be signed by people like Shahbaz? Keep in mind PTI is also consists of Pakistan and only difference is IK who is misfit in our society and trying hard and Allah might accept his efforts and I pray from Allah to accept his efforts.
Second option is bankruptcy which was done by Greenland but as a Pakistan are we willing for this?

Have the building insured at a hefty return and burn it down. Something to learn from Shahbaz Kutti Sharif.

IT is the answer that could potentially grow exponentially and within few years can turn around the economy and hence so much emphasis on it. IT exports has already more than doubled in a couple of years.

 

[arifkarim]

Look like the thread starter loaded the Naswar against his nostril once gain . The term of the loan is different than the amortization time . The long amortization is only taken because of the affordability reason and the credit of the applicant forcing the lender to increase the risk factor thus increasing the interest on loan .

May be you have been robbed, mauled and cheated by the master of your household or chokidar for last many years , left your house in a shamble when the bullet flying every second, bombs blasting every corner and the special agents are roaming around your alleys, hall way and rooms that the value of your house has depleted terribly . No lender will come to give you money, no lender will come to even asses your house for the money you are looking to provide your family food, fuel and utility, let alone the previous loans ...
So, before the utopia of your mind allude you for the perfection , try to go to Melbourne and see your lost money at work ....

Try London Khotay Patwari

 

[concern_paki]

16 percent interest on a mortgage loan of 35 years, it sounds like you were not involved at the time of agreement although you own the property, it sounds like Nawaz and zardari have screwed the country and filled their pockets while poor Imran Khan is paying off the interest and the real amount, poor situation, ALLAH bless you with mercy and strength to face this and come off this hardship, AMEEN

 

[Okara]

Try London Khotay Patwari View attachment 4319

Sadly IK didn't try to help mentally challenged people.

 

[The Sane]

Try London Khotay Patwari View attachment 4319

Proud to state that I was able to get a hard copy of this edition of Daily mail from UK , which is now adorning my study room from behind a star studded frame.

 

[arifkarim]

16 percent interest on a mortgage loan of 35 years, it sounds like you were not involved at the time of agreement although you own the property, it sounds like Nawaz and zardari have screwed the country and filled their pockets while poor Imran Khan is paying off the interest and the real amount, poor situation, ALLAH bless you with mercy and strength to face this and come off this hardship, AMEEN

True

 

[Okara]

16 percent interest on a mortgage loan of 35 years, it sounds like you were not involved at the time of agreement although you own the property, it sounds like Nawaz and zardari have screwed the country and filled their pockets while poor Imran Khan is paying off the interest and the real amount, poor situation, ALLAH bless you with mercy and strength to face this and come off this hardship, AMEEN

IK is trying level best but we can't blame him for not fixing as for this we need divine help. So pray for IK's success.

 

[arifkarim]

Sadly IK didn't try to help mentally challenged people.

He tried in his first speech as PM

 

[concern_paki]

IK is trying level best but we can't blame him for not fixing as for this we need divine help. So pray for IK's success.

All prayers wishes hope everything belongs to only Imran Khan and his success INSHAALLAH AND AAMEEN

 

[Resilient]

Pracha Sahib
U are a bit closer. The owner of Project is not me but is Pakistan. Manager in this case is Shahbaz Shareef and Projects are Orange Train, IPPs etc.
Now tell me is there any way Pakistan can get out of such projects?

پچھلی صورتحال میں مالکان مینیجر کو فارغ تو کرسکتے تھے مگر اب آپ مینیجر کو فارغ بھی نہیں کرسکتے اور نہ ہی کسی عدالت میں اس پر کوئی مقدمہ قائم کرسکتے ہیں ، اب تو مالکان اس قدر ڈفر ہیں کہ وہ مینیجرز بھی فنانس کمپنی کے حاضر سروس ملازمین رکھتے ہیں