ADB to give $3.4 billion in budgetary support- Dr Hafeez Sheikh

[Shahzaz ud din]

ADB to give $3.4 billion in budgetary support- Dr Hafeez Sheikh

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

ADB to give $3.4 billion in #budgetary support. I had a meeting with Mr. Werner Liepach, DG ADB today to agree on the #ADB program. The ADB will provide $3.4 billion in budgetary support to help with #reforms and stabilization of the #economy.
https://twitter.com/i/web/status/1139890264825303040

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh
· 39m

ADB to give $3.4 billion in #budgetary support. I had a meeting with Mr. Werner Liepach, DG ADB today to agree on the #ADB program. The ADB will provide $3.4 billion in budgetary support to help with #reforms and stabilization of the #economy.


Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

$2.2 billion will be released this fiscal year, starting in the first quarter of FY 2019-20. This will help the reserve position and the #external account
https://twitter.com/a_hafeezshaikh/status/1139890264825303040
https://twitter.com/i/web/status/1139890265953570816

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh
· 39m
Replying to @a_hafeezshaikh
$2.2 billion will be released this fiscal year, starting in the first quarter of FY 2019-20. This will help the reserve position and the #external account.


Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

This support is in addition to the project portfolio with an estimated disbursement of upto $1 billion in FY 2019-20. I appreciate the commitment of the ADB to our #economic reform agenda.

Advertisement

• There could never be a better news than this. It would definitely stabilize everything.

 

[Aryeih Leib]

How many loans will you take ?

 

[Indus Pakistan]

How many loans will you take ?

As many grants India got from USA.

 

[American Pakistani]

More loan and loans.

While the imports keep flourishing.

 

[INDIAISM]

So you took loan from
☆Saudi Arab
☆UAE
Then
☆China
☆Then you have gone to IMF
☆Now you are securing Loan from ADB

Abe loan le rhe majak ker the ho...

As many grants India got from USA.

Much less the the grant that you got from Saudi Arab..

 

[Aryeih Leib]

[emoji52]

As many grants India got from USA.

 

[Indus Pakistan]

[emoji52]

This story is from July 16, 2015
India top recipient of US economic aid

https://timesofindia.indiatimes.com...t-of-US-economic-aid/articleshow/48093123.cms

Much less the the grant that you got from Saudi Arab..

Are you sure? Read the above.

 

[ziaulislam]

ADB to give $3.4 billion in budgetary support- Dr Hafeez Sheikh

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

ADB to give $3.4 billion in #budgetary support. I had a meeting with Mr. Werner Liepach, DG ADB today to agree on the #ADB program. The ADB will provide $3.4 billion in budgetary support to help with #reforms and stabilization of the #economy.
https://twitter.com/i/web/status/1139890264825303040

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh
· 39m

ADB to give $3.4 billion in #budgetary support. I had a meeting with Mr. Werner Liepach, DG ADB today to agree on the #ADB program. The ADB will provide $3.4 billion in budgetary support to help with #reforms and stabilization of the #economy.


Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

$2.2 billion will be released this fiscal year, starting in the first quarter of FY 2019-20. This will help the reserve position and the #external account
https://twitter.com/i/web/status/1139890265953570816

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh
· 39m
Replying to @a_hafeezshaikh
$2.2 billion will be released this fiscal year, starting in the first quarter of FY 2019-20. This will help the reserve position and the #external account.


Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

This support is in addition to the project portfolio with an estimated disbursement of upto $1 billion in FY 2019-20. I appreciate the commitment of the ADB to our #economic reform agenda.

Advertisement

• There could never be a better news than this. It would definitely stabilize everything.

this will stabilize the rupee as state bank lending also called as printing notes will decrease

key thing Pakistan needs to do is balance it books and stop being irresponsible with budget and spending
doing this will bring stability and ultimately growth.

 

[INDIAISM]

This story is from July 16, 2015
India top recipient of US economic aid

https://timesofindia.indiatimes.com...t-of-US-economic-aid/articleshow/48093123.cms

Are you sure? Read the above.

In addition to the $ 65.1 billion in economic aid, Israel received a staggering $ 134 billion in military support during the same period to enable its survival. Pakistan, which received $ 44.4 billion in economic aid for a population one-sixth of India’s, also got with $12.9 billion in military assistance from the US through regular channels, not counting the billions it bilked more recently in the form of coalition support funds.

Yes i have read that but it looks like you forgot to read this part of the article...


Btw this for you..

According to a report in The Financial Express, Indian students spent $6.54 billion (about Rs 43,859 crore) in 2016-17 in the US. On the other hand, the Indian government's budget outlay for higher education in 2016-17 was 52% less than this figure – Rs. 28,840 crore!

What is more, the money spent by Indian students in the US turns out to be higher than the US's foreign direct investment (FDI) in India – which was just $2.37 billion.

https://www.newsclick.in/what-does-...ing-us-reveal-about-indias-policies-education

 

[RIP Pak LAW]

So you took loan from
☆Saudi Arab
☆UAE
Then
☆China
☆Then you have gone to IMF
☆Now you are securing Loan from ADB

Abe loan le rhe majak ker the ho...

Much less the the grant that you got from Saudi Arab..

Idiots, Pakistan has repaid $8 billion as loan repayment to donors in 9 months alone. All the credit taken from those countries has been used to pay previous loans taken during pmln tenure. Hence there is no money to run the govt operations at the moment. Imf, adb and WB loans will help to execute different programs by the govt for the upcoming fiscal year.

https://timesofislamabad.com/24-May...vernment-loans-10-billion-repayment-in-a-year

By now PTI govt has paid around $9 billions. Highest by any govt of Pakistan. This is precisely why, dollar reserves are not increasing hence the rupee is falling behind.

 

[kris]

So you took loan from
☆Saudi Arab
☆UAE
Then
☆China
☆Then you have gone to IMF
☆Now you are securing Loan from ADB

Abe loan le rhe majak ker the ho...

Much less the the grant that you got from Saudi Arab..

Reminds of subprime crisis way back...

Loans taken on loans as security which were also loans taken on credit and so on.....

Idiots, Pakistan has repaid $8 billion as loan repayment to donors in 9 months alone. All the credit taken from those countries has been used to pay previous loans taken during pmln tenure. Hence there is no money to run the govt operations at the moment. Imf, adb and WB loans will help to execute different programs by the govt for the upcoming fiscal year.

https://timesofislamabad.com/24-May...vernment-loans-10-billion-repayment-in-a-year

By now PTI govt has paid around $9 billions. Highest by any govt of Pakistan. This is precisely why, dollar reserves are not increasing hence the rupee is falling behind.

A gentle reminder
Pakistan needs to repay around 27billion $ loans within 2 years if not to be declared bankrupt.... And what makes you assume that this money won't go the same way.....

Clearing 8billion $ in 9 months is not a good sign for pakistan economy

 

[RIP Pak LAW]

Reminds of subprime crisis way back...

Loans taken on loans as security which were also loans taken on credit and so on.....


A gentle reminder
Pakistan needs to repay around 27billion $ loans within 2 years if not to be declared bankrupt.... And what makes you assume that this money won't go the same way.....

Clearing 8billion $ in 9 months is not a good sign for pakistan economy

Ofcourse this money will also go in the same way unless we bring more people into tax brackets.... Able to cut more import bill than 4 billions(2018-19)... Increase exports by a billion or two atleast.... Tax collection is the key in next fiscal year... Hopefully we can generate atleast $2 billions more than 2018 - 2019 in all areas combined and saves at least 2 billions by cutting down import bill further. In short, $4 billion of net profit than current fiscal year will help a lot.

 

[Maler]

So you took loan from
☆Saudi Arab
☆UAE
Then
☆China
☆Then you have gone to IMF
☆Now you are securing Loan from ADB

Abe loan le rhe majak ker the ho...

Much less the the grant that you got from Saudi Arab..

First they took loan from KSA, UAE & China to avoid going to IMF, ADB, World Bank. Now they are going to IMF & ADB or may be World Bank to repay these countries.

 

[Pakistansdefender]

ADB to give $3.4 billion in budgetary support- Dr Hafeez Sheikh

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

ADB to give $3.4 billion in #budgetary support. I had a meeting with Mr. Werner Liepach, DG ADB today to agree on the #ADB program. The ADB will provide $3.4 billion in budgetary support to help with #reforms and stabilization of the #economy.
https://twitter.com/i/web/status/1139890264825303040

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh
· 39m

ADB to give $3.4 billion in #budgetary support. I had a meeting with Mr. Werner Liepach, DG ADB today to agree on the #ADB program. The ADB will provide $3.4 billion in budgetary support to help with #reforms and stabilization of the #economy.


Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

$2.2 billion will be released this fiscal year, starting in the first quarter of FY 2019-20. This will help the reserve position and the #external account
https://twitter.com/i/web/status/1139890265953570816

Dr. Abdul Hafeez Shaikh@a_hafeezshaikh
· 39m
Replying to @a_hafeezshaikh
$2.2 billion will be released this fiscal year, starting in the first quarter of FY 2019-20. This will help the reserve position and the #external account.


Dr. Abdul Hafeez Shaikh@a_hafeezshaikh

This support is in addition to the project portfolio with an estimated disbursement of upto $1 billion in FY 2019-20. I appreciate the commitment of the ADB to our #economic reform agenda.

Advertisement

• There could never be a better news than this. It would definitely stabilize everything.

They are fully set for next year ..
6 billion from imf and 3.4 billion from and and some from world Bank..
They need Atleast 7 billion defecit and they are all set. Situation is perfect and stabalized for next three years.. We also have oil payments .
But but but
All this strom in a teacup on media this is the main reason for unstable conditions.

First they took loan from KSA, UAE & China to avoid going to IMF, ADB, World Bank. Now they are going to IMF & ADB or may be World Bank to repay these countries.

Lol no dude.
Last year deficit was 19 billion dollars..
In easy words they need to pay this money which include sood and loss to other countries otherwise Pakistan would default.
This deficit was always around 8 to 9 billion but our champion pmln has left 19 billion..
Anyways that was bridged by taxes and Saudi Arabia and gulf countries and China..
And by tighting imports .
This year they have have contained the deficit to about 6 to 7 billion lower then then the previous days and that's why you need imf and abd and world bank. So they can work easily and fill this deficit through these loans..

Imf and government would work to make this deficit to zero..
Whixh includes efficient government , no electricity and gas theft, privitization and tax collection.
We don't even understand this and criticise but this is the real thing

 

[Indus Pakistan]

In addition to the $ 65.1 billion in economic aid, Israel received a staggering $ 134 billion in military support during the same period to enable its survival. Pakistan, which received $ 44.4 billion in economic aid for a population one-sixth of India’s, also got with $12.9 billion in military assistance from the US through regular channels, not counting the billions it bilked more recently in the form of coalition support funds.

Yes i have read that but it looks like you forgot to read this part of the article...


Btw this for you..

According to a report in The Financial Express, Indian students spent $6.54 billion (about Rs 43,859 crore) in 2016-17 in the US. On the other hand, the Indian government's budget outlay for higher education in 2016-17 was 52% less than this figure – Rs. 28,840 crore!

What is more, the money spent by Indian students in the US turns out to be higher than the US's foreign direct investment (FDI) in India – which was just $2.37 billion.

https://www.newsclick.in/what-does-...ing-us-reveal-about-indias-policies-education

You can fling this rickshaw any way you want but the substance of what I said holds. Pakistan is going to shadown India in trying to become numero uno in loans like India is biggest basket case in history of US aid.