• Friday, December 14, 2018

China responsible for Pakistan’s economic quagmire: US

Discussion in 'Strategic & Foreign Affairs' started by kahonapyarhai, Oct 12, 2018.

  1. kahonapyarhai

    kahonapyarhai SENIOR MEMBER

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    The US State Department spokesperson Heather Nauert on Thursday said that Pakistan has found itself in this economic quagmire because of Chinese debt.

    While addressing a press conference, Nauert stated, “So, we understand that Pakistan has formally requested assistance from the International Monetary Fund. In all cases, we examine that closely from all angles of it, including Pakistan’s debt position, in evaluating any type of loan program. This is something that we’ve been tracking fairly closely.”

    In response to a question, she said, “The Secretary had spoken about this a few months back, I know, in some interviews not that long ago. I think part of the reason that Pakistan found itself in this situation is Chinese debt and the fact that there is debt that governments have incurred that they may be thought wouldn’t be so tough to bail themselves out of but has become increasingly tough.”

    On Thursday, the International Monetary Fund (IMF) launched formal bailout talks with Pakistan and IMF Managing Director Christine Lagarde said she would require “absolute transparency” of Pakistan’s debts, including those owed to China.

    She said such disclosures were necessary to determine the debt sustainability of countries seeking IMF loans.

    Lagarde said in a statement that Pakistan requested IMF assistance during a meeting with Finance Minister Asad Umar and Central Bank Governor Tarik Bajwa on the sidelines of the IMF and World Bank annual meetings in Bali.

    “An IMF team will visit Islamabad in the coming weeks to initiate discussions for a possible IMF-supported economic program,” Lagarde said, adding that “we look forward to our continuing partnership.”


    https://www.pakistantoday.com.pk/20...sponsible-for-pakistans-economic-quagmire-us/
     
  2. I S I

    I S I SENIOR MEMBER

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    Only Pakistani rulers are responsible for current Pakistan's economic situation. Both Civil & Military rulers.
     
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  3. CIS-TRANS

    CIS-TRANS FULL MEMBER

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    Khan saanp and his masters are the responsible of current economic woes. No one else to blame.
     
  4. khansaheeb

    khansaheeb SENIOR MEMBER

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    Mushy cleared Pakistan's debt, only the corrupt politicians are responsible. The next generation of Pakistanis are going to have to carry the debt of these greedy and nasty people.
     
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  5. I S I

    I S I SENIOR MEMBER

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  6. Mrc

    Mrc SENIOR MEMBER

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    And we also feel that USA is an existinal threat to pakistan
     
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  7. khansaheeb

    khansaheeb SENIOR MEMBER

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  8. I S I

    I S I SENIOR MEMBER

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    Economic reforms alongside reforms in Beurocracy & reduction in corruption in state institutions will do wonders to Pakistan economic situation.
     
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  9. Chakar The Great

    Chakar The Great FULL MEMBER

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    Now China should counter this by giving Pakistan US $ 10 billion aid. Will that happen??? No. China just uses Pakistan, would never help Pakistan unless its related to India or just a statement here n there.

    China has taken Pakistan's support for granted esp since Pak US relations have deteriorated. Thats what happens when you are at the mercy of some one.

    I really dont understand what has China done for Pakistan?? They are building CPEC for their own business to thrive. They are building power plants with loans which people of Pakistan have to pay back. Is China really a friend?? I seriously doubt that now.
     
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  10. AZ1

    AZ1 SENIOR MEMBER

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    PMLN started your Salary? I am happy for you now.
     
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  11. LKJ86

    LKJ86 SENIOR MEMBER

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    So, if China is not there, Pakistan has become better. Right?
     
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  12. Retired Troll

    Retired Troll ELITE MEMBER

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    Just leave us alone. Why obsessed with a bankrupt country?
    I am missing Nikki.
     
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  13. Chakar The Great

    Chakar The Great FULL MEMBER

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    Not any worse surely.
     
  14. koolio

    koolio SENIOR MEMBER

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  15. Crystal-Clear

    Crystal-Clear SENIOR MEMBER

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    kahin janey sey acha ha.
    .
    apneu mulk mey jo corru8ha unko inki nasal ko ragar k rakh do .
    .
    haram shareefon or zardarion ko korey nahi maro gey ye kich ni dey gey .