External debt, liabilities hit historic level of $113.8bn

[ziaulislam]

What's the news? It was already predicted in 2016
View attachment 687894

Yeah it was already predicted in 2016.
View attachment 687895

Exactly
Infact the 2018 predictions were far worse

 

[Pandora]

Some of the debt taken will be used to give back some of the loans. Pakistan will take almost 6 billion dollars loans to repay loans taken from UAE and Saudis. Their loans are becoming a security risk with their ever growing demand to be Anti Iran and Pro Israel/Pro Saudi not much difference TBH. At the end of year net debt and liabilities will return to previous levels.

 

[AZ1]

Dated May 2018 - ISLAMABAD:Pakistan’s external debt and liabilities have soared to a record $91.8 billion, showing an increase of over 50% or nearly $31 billion in the past four years and nine months, the State Bank of Pakistan (SBP) has reported.

Pakistan’s external debt soars to record $91.8b | The Express Tribune

Data suggests figure may soon hit $100b as country faces external financing challenges

tribune.com.pk

 

[ziaulislam]

Dated May 2018 - ISLAMABAD:Pakistan’s external debt and liabilities have soared to a record $91.8 billion, showing an increase of over 50% or nearly $31 billion in the past four years and nine months, the State Bank of Pakistan (SBP) has reported.

Pakistan’s external debt soars to record $91.8b | The Express Tribune

Data suggests figure may soon hit $100b as country faces external financing challenges

tribune.com.pk

What did u expect with such a high deficit running

Real debt performance of PTI will be next 3 yrs as now stutural issues have been addressed

 

[Norwegian]

Some of the debt taken will be used to give back some of the loans. Pakistan will take almost 6 billion dollars loans to repay loans taken from UAE and Saudis. Their loans are becoming a security risk with their ever growing demand to be Anti Iran and Pro Israel/Pro Saudi not much difference TBH. At the end of year net debt and liabilities will return to previous levels.

Yeah keep taking new loans to repay old loans. A classic debt trap

 

[Patriot786b2]

Any immigrant in Western nation who is not capable of paying back credit card debt or any loans accumulated over his her life span is (via court ruling is deported back to original country)!
I happen to know personally 1 or 2 individuals sent back.

 

[Pandora]

Yeah keep taking new loans to repay old loans. A classic debt trap

Exactly and it wont change unless we permanently get rid of our CA deficit and increase our exports and remittances several folds. For now at least our net debt is not increasing but getting rid of this trap will be long term at least another 2 decades of good economic process.

 

[ali_raza]

Any immigrant in Western nation who is not capable of paying back credit card debt or any loans accumulated over his her life span is (via court ruling is deported back to original country)!
I happen to know personally 1 or 2 individuals sent back.

even if he is US citizen?

 

[ziaulislam]

Yeah keep taking new loans to repay old loans. A classic debt trap

Debt trap is defined as you being in primary deficit
I.e taking debt just to run current the govt expenditures.

Pakistan federal govt was in deb trap for last 7 years it has come out this yr with positive primary deficit

I am not worried about our debt to be honest but if it helps imran khan sells his political
Agenda then fine

 

[ziaulislam]

Zimbabwe

Zimbabweans mend shabby dollar notes amid economic crisis

HARARE, Zimbabwe (AP) — Albert Marombe takes a grimy, tattered $1 note and delicately, expertly glues it back into one piece, holding it up for inspection.

apnews.com

Thisbis what default looks like which we were saved by ..by the arabs