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Saudi Fund for Development, SBP sign agreement for $3b deposit

Nov 18, 2014
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Couple this with the fact that Pakistani printer has been taken away... and it still must purchase future fuel and imports in Dollars...
As they say... worst is yet to come... those mortgaging Pakistani people and their lives will simply jump ship.
I wonder what compulsions are pushing such self destructive moves... what are these numbers really hiding? IMF bailout is already at the cost of Pakistani sovereignty and these current ones will perhaps pledge it's foreign policy or a knife to the exchequer.
I heard some say current dispensation was better, really?
 

Pakistan Space Agency

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I think we should take loan from Chinese bank ( 1 single bank) on 1% interest rate, 5 years grace period and 30 years of payback period. And pay all debts of all countries and organizations like ADB, IMF, WB, America etc etc... They we pay Chinese each year in the amount of $ 5-7 billion each year. Which will be much less than what we currently pay on debt servicing each year. Just last year we paid $12 billion back in loans and interest.

Thus way, on a loan of $150 billion , we will just pay $20 billion in interest in 30 years. And almost $7 billion in yearly instalment after 5 years grace period.
Are you seriously under the impression that China even wants to buy Pakistan's debt and that Pakistan will not need to borrow further once China takes over the current debt?
Another debt?
Yeah, it's not enough. Pakistan needs to catch up to India's half-a-trillion dollar external debt.

 
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Vanamali

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Jan 11, 2014
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Are you seriously under the impression that China even wants to buy Pakistan's debt and that Pakistan will not need to borrow further once China takes over the current debt?

Yeah, it's not enough. Pakistan needs to catch up to India's half-a-trillion dollar external debt.

Regarding India's external debt.. Pakistan beats India hands down when it comes to sovereign debt.... in case of India only 20% is sovereign debt... I am quoting fro RBI report pg 27 below..

Chapter 2 Classification of India’s External Debt
_____________________________________________________________________________________
This chapter analyses the trends in India’s external debt as classified according
to sectors, creditors, debtors, currency, instruments, maturity and
concessionality.
Sovereign debt, accounting for 18.8 per cent of the total external debt, rose 6.2
per cent to US $ 107.2 billion, as at end-March 2021, as an increase in external
assistance on government account more than neutralized a decline in FII
investments in securities issued by the Government of India (G-sec). Nonsovereign debt, accounting for 81.2 per cent of the total external debt, posted a
subdued growth of 1.2 per cent to US $ 462.8 billion, as at end-March 2021 as
the increase in the stock of NRI deposits was higher than the contraction in the
stock of commercial borrowings and short-term trade credit.
Commercial lenders were the biggest creditors accounting for about 37.4 per
cent of the outstanding debt as at-end March 2021, followed by NRI depositors
(24.9 per cent) and trade-creditors (17.1 per cent). Debt from commercial lenders
declined by 2.9 per cent to US $ 213.2 billion. While deposits from NRIs at US $
141.9 billion grew by 8.7 per cent, trade credit shrank 4.1 per cent to US $ 97.3
billion.
The largest borrowers were non-financial corporations with an outstanding debt
of US $ 255.4 billion as at end-March 2021, about 62 per cent of which was longterm in the form of loans through ECB route and FPI investments in debt
securities. As at end-March 2021, access to foreign debt was primarily through
loans accounting for 39.2 per cent, followed by deposits (26.2 per cent), trade
credit (17.6 per cent) and bonds and notes (17.0 per cent).
The US dollar continued to be the leading currency of denomination accounting
for 52.1 per cent of the total external debt as at-end March 2021. The share of
Indian rupee was higher at 33.3 per cent than a year ago, despite a drop in the
stock of FPI investment in G-Sec, as the outstanding deposits of NRERA account
rose much higher.
Long-term debt, accounting for 82.3 per cent of the total debt, grew 3.8 per cent
to US $ 468.9 billion as at end-March 2021. Short-term debt, constituting 17.7
per cent of the total debt, fell 5.4 percent to US $ 101.1 billion as at-end March
2021. Concessional debt, constituting 9.1 per cent of the total debt, rose 5.9 per
cent to US $ 51.8 billion as at end-March 2021.
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RealNapster

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Are you seriously under the impression that China even wants to buy Pakistan's debt and that Pakistan will not need to borrow further once China takes over the current debt?

If members can wet dream about returning of Nawaz Sharif as PM and arrival of SU-35 here, why can I do the same about China buying out our debt for increasing its influence on Pakistan. ?
 

Pakistan Space Agency

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If members can wet dream about returning of Nawaz Sharif as PM and arrival of SU-35 here, why can I do the same about China buying out our debt for increasing its influence on Pakistan. ?
You do realise PM Nawaz Sharif was banned by the military regime (2009-2008) to become the PM for the third time?

 
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ziaulislam

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Are you seriously under the impression that China even wants to buy Pakistan's debt and that Pakistan will not need to borrow further once China takes over the current debt?

Yeah, it's not enough. Pakistan needs to catch up to India's half-a-trillion dollar external debt.

Typically entitled thinking of 90% paksitanis
Like we should run deficits and someone else will pay for it

The fact pakistan exist is miracle
If members can wet dream about returning of Nawaz Sharif as PM and arrival of SU-35 here, why can I do the same about China buying out our debt for increasing its influence on Pakistan. ?
Sir, AM WB IMF were built for bailout and offers lower interst pay as this funded by all countries who want to keep "the world order"

China hasnt challenged this world order yet
 

Pakistan Space Agency

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Apr 22, 2019
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Typically entitled thinking of 90% paksitanis
Like we should run deficits and someone else will pay for it

The fact pakistan exist is miracle ...
When you're poor, you don't have many choices but if you're living in a Bani Gala Palace, I guess the Shaikh Chillis can afford to envision all sorts of fairtales... at the poor man's expense of course. Bas aap nay gabrana nahi.
 

AZ1

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Jul 25, 2017
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When you're poor, you don't have many choices but if you're living in a Bani Gala Palace, I guess the Shaikh Chillis can afford to envision all sorts of fairtales... at the poor man's expense of course. Bas aap nay gabrana nahi.
look who is talking, your leader whole khandaan is living by poor's money but thats fine as long as he throw bone to you and your kind
 

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