"The Economic situation is deteriorating so quickly that within 1.5 months, none of us will be discussing politics or army chief" - Hammad Azhar

[HttpError]

no it won't. Pakistan is not a supplier it is an import based country. The global space will hardly be affected if Pakistan defaults. Countries will hit Pakistan while its down. India and US will get what they want from us.

I am Pakistani, but I am realist in knowing where Pakistan stands in the world stage, thanks to 70 years of these chor duffer generals and their puppets

These Beghairats have destroyed this country.

 

[epebble]

Countries will hit Pakistan while its down. India and US will get what they want from us.

What, in your opinion, will be the repercussions? I am not aware of any demands from U.S. after the August 2021 withdrawal, besides the basic requirement that terrorists not regroup in Afghanistan.

 

[ghazi52]

.,,..,

 

[General Dong]

What, in your opinion, will be the repercussions? I am not aware of any demands from U.S. after the August 2021 withdrawal, besides the basic requirement that terrorists not regroup in Afghanistan.

US could and probably will target our nuclear program and atleast request bases. India may consider it a good opportunity to engage in proactive actions in regards to Kashmir.

 

[epebble]

US could and probably will target our nuclear program and atleast request bases. India may consider it a good opportunity to engage in proactive actions in regards to Kashmir.

I think U.S. gains no advantage in stirring the hornets' nest unless there is a real possibility of Pakistan disintegrating as in USSR or Balkans. If that were to be the worst-case scenario, it will be Pakistan military that would be worried first. I am guessing same thing is likely with India, in spite of some bombastic language, if the SHTF, everybody's concern will be to prevent another Afghanistan.

 

[313ghazi]

no it won't. Pakistan is not a supplier it is an import based country. The global space will hardly be affected if Pakistan defaults. Countries will hit Pakistan while its down. India and US will get what they want from us.

I am Pakistani, but I am realist in knowing where Pakistan stands in the world stage, thanks to 70 years of these chor duffer generals and their puppets

You know the worst bit is - the amounted owed by Pakistan is so insignificant - if the lenders were to write it off after default it'd have little economic impact on them.

This country is about to be bankrupted over chump change.

 

[Bleek]

Did Iran collapse after sanctions?

Iran test launches new satellite-carrying rocket

Tehran refutes US concerns that the same long-range ballistic technology could also be used to launch nuclear warheads.

www.aljazeera.com

Iran is fundamentally different to Pakistan, you just cannot use it as an example

 

[maverick1977]

Wow the idiots in Pakistan all believe they are the centre of the universe !!
Pakistan's economy is smaller than Singapore, that tiny little Island of about 5 million.

agreed, o.4% of Global GDP, pakistan means nothing to the world ..

US could and probably will target our nuclear program and atleast request bases. India may consider it a good opportunity to engage in proactive actions in regards to Kashmir.

exactly… Nuke program will go away and rhen, India will overwhelm pakistan militarily… thats how nations are eliminated by Allah who are full of injustice

 

[epebble]

You know the worst bit is - the amounted owed by Pakistan is so insignificant - if the lenders were to write it off after default it'd have little economic impact on them.

This country is about to be bankrupted over chump change.

I don't think $116 Billion is anybody's idea of chump change. But I do agree, it is not large enough to cause global ripples.

Pakistan External Debt 1970-2023

Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original...

www.macrotrends.net

 

[General Dong]

I think the saddest part of all this is, Pakistan was finally on the track to prosperity, 6% growth in back to back years during a worldwide pandemic while dealing with record global oil prices is something to be proud of.

Its has as if Mir Bajwa and Co swept the rug from under our feet, now we are stuck with nose diving economy which will take years to come stableize.

In my opinion in the next 30 years, unless something drastic happens, which is nothing short of a revolution, Pakistan will always remain the same, a country teetering on the brink of collapse with a constant need of outside aid. In the same 30 years we will watch as India enters top 3 in GDP.

 

[Pakstallion]

I think the saddest part of all this is, Pakistan was finally on the track to prosperity, 6% growth in back to back years during a worldwide pandemic and dealing with record oil prices is something to be very proud of.

Its has as if Mir Bajwa and Co swept the rug from under our feet, now we are stuck with nose diving economy which will take years to come out of this.

In my opinion in the next 30 years, unless something drastic happens, nothing short of a revolution, Pakistan will always remain the same, a country teetering on the brink of collapse with a constant need of outside help. In the same 30 years we will watch as India enters top 3 in GDP.

I swear this hurts. We are no Asian tiger but critical reforms being done and heading in right direction. But what we needed to have done for 10 years happened for barely 1 year (post COVId)

 

[PradoTLC]

agreed, o.4% of Global GDP, pakistan means nothing to the world ..



exactly… Nuke program will go away and rhen, India will overwhelm pakistan militarily… thats how nations are eliminated by Allah who are full of injustice

yup..

 

[epebble]

I think the saddest part of all this is, Pakistan was finally on the track to prosperity, 6% growth in back to back years during a worldwide pandemic while dealing with record global oil prices is something to be proud of.

That 6% growth number should be read with some caution. It was not due to increase in production. It happened due to accelerated import and consumption. That is like having a party at your house and charging it to your credit card. All the neighbors will think you won a lottery or bonus, but the bill will come due later.

With 6% growth rate, Pakistan’s economic size jumps to $383 billion​

Fueled by imports and consumption, Pakistan’s economic growth rate accelerated to 6% during the last year of Imran Khan’s government – the highest pace in four years – helping to increase the size of the nation’s economy to $383 billion besides jacking up per-capita income.

With 6% growth rate, Pakistan’s economic size jumps to $383b | The Express Tribune

Per capita income grows to $1,798

tribune.com.pk

 

[313ghazi]

I don't think $116 Billion is anybody's idea of chump change. But I do agree, it is not large enough to cause global ripples.

Pakistan External Debt 1970-2023

Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original...

www.macrotrends.net

When you consider the different lenders we owe it too, and how big their economies are - it kind of is. Britain lost £30 billion to dodgy PPE contracts and an ineffective track and trace system - nobody is going to miss it.

The point was, a country of our size, of our economic potential, really shouldn't be struggling with $100-120 billion of debt. Unfortunately we are because potential is entirely unfulfilled.

 

[Turingsage]

The point was, a country of our size, of our economic potential, really shouldn't be struggling with $100-120 billion of debt. Unfortunately we are because potential is entirely unfulfilled.

Talking of unrealised potential, 2 men in India combined run conglomerates with higher value than the GDP of Pakistan.

Adani group run by Gautam Adani Worlds third richest man after Musk and Bezos worth $222 Billion
and Mukesh Ambani's Reliance group worth $229 Billion
Pakistan's GDP 2021 $346 Billion


And of course I have not included the TATA group