That was fake overvalued rupee rate, its the reason we are in this mess.One thing the Shaikh Chillis like to ignore is that the Nominal GDP of Pakistan has been wiped out by $50 billion in the first 2-years. The Shaikh Chillis then compare the smaller GDP figure with debt and what not and say, Hey look, the gap is shorter now.
Pakistan Tehrik-e-Baqwas has destroyed the economy, imposed poverty, lost Indian Occupied Kashmir, lost Pakstani allies and friends, lost democracy and lost respect and value of Pakistan all over the world.
All this happened just because a day dreaming Mangu wanted the kursi who can't even give a coherent speech without mumbling like a retard.
Tell Cartoon-e-Azam PM Imran Khan to stop begging India on weekly basis to reverse status quo if annexation doesn't have any meaning.Ab baboon league key gamay butt sey zara ye pocha jaye how the hell did pti LOST Indian Occupied Kashmir?
Do you even listen to yourself?
Pakistan can also annex Azad Kashmir and Gilgit Baltistan. What's your problem?Tell Cartoon-e-Azam PM Imran Khan to stop begging India on weekly basis to reverse status quo if annexation doesn't have any meaning.
And don't tell me he just begs out of habit.
Points to note for illiterate. (Sir not for you as you are doing it on purpose rather than lack of knowledge i presume)
PTI also paid back most debt in shortest amount of time, compared with your Pmln and Ppp, Khota BiryaniPoints to note for illiterate. (Sir not for you as you are doing it on purpose rather than lack of knowledge i presume)
A major part of it is because currency is not artificially manipulated and foreign loans are not claculated at 100-120Rs. Substract 3-4t on that account as the loan has to returned in dollars not rupees.
Corona relief of 2t rupees (as compared to India rise in debt to gdp ratio increase from 74% to 90%, Pakistan just went up just around 2% better than most 1st world countries during corona)
Interest payment was way more than plmn that contributed to majority of that 10t. ( In 2018 short term debt was 52% of the total debt that has been rolled over and now stands at 28% with rest being long term)
As of now governemnt has a primary surplus ( governemnt income without accounting for interest payment on previous debt) of around 450b which was never there in plmn term.
So why the debt liabilities are still far more and higher!PTI also paid back most debt in shortest amount of time, compared with your Pmln and Ppp, Khota Biryani
They are on downward spiral in case you didn't noticeSo why the debt liabilities are still far more and higher!
It was the only way to stop further bleeding of current account and foreign reserves as left by your experienced Khota Biryani govtWhen Dr baker raised the interest rates from 5% to 13.75% the interest liabilities increased nearly three folds, it washed away the funds for PDSP. And the icing on the cake when he devalued the Rupee by nearly 50% increased the debt liabilities in rupee terms by the same amount leaving absolutely no fiscal space.
Continued Pmln govt policies would have resulted in 20 billion dollar current account deficit each year. Who was gonna fund Pakistan 20 billion USD a year? Your Mian Mafroor from London?Abruptly disrupting PMLN Govt by the Elites was a cardinal mistake, the ghost will haunt the selectors for the rest of their lives.
Your chart shows total debt and liabilities. While in fact Pakistan's debt and liabilities as percentage of Gdp are going down now
You mean rapid debt bombs?The Debt Pmln took helped in massive developmental projects like rapid power generation projects(12000MW)
Older what ten minutes, lol.Your chart is older. Pakistan's debt and liabilities as percentage of Gdp are going down now
One day all the debt Pmln took on unsustainable projects like Orange Train will lead to default.One day the truth shall prevail inshallah.
Phony reserves?Older what ten minutes, lol.
I am very worried when the Travelling restrictions are removed and State bank has to allocate extra forex of 5 billion dollars and when SA opens an additional sum will be required for Haj and Umara in Billions per month. All these PHONY reserves will be really tested.
No it wasn't. As long a debt funded project is able to pay back itself, it cannot be called economically sustainable regardless of who started itYeah Yeah when Mushy first thought about it and Pervaiz Elahi was planning on it everything was just fine.