Five years of failure

[Dastaan]

 

[Dastaan]

https://www.facebook.com/video.php?v=2149251321955311

 

[Dastaan]

 

[Dastaan]

 

[ghazi52]

A billion rupees spent on Nawaz Sharif's foreign tours, Senate told

Foreign Minister Khawaja Asif on Wednesday told the Senate that over a billion rupees were spent on former prime minister Nawaz Sharif's international trips during his third term in office.

In a written report presented to the upper house on Pakistan Tehreek-i-Insaf's request, the foreign minister stated that Sharif's 64 international tours during his third term as the head of the state set back the exchequer by Rs1.013 billion.

Sharif, whose five-year tenure was cut short due to his disqualification by the Supreme Court in the Panama Papers case, went on 10 foreign trips in 2013, 11 in 2014, 23 in 2015, nine in 2016 and just as many in 2017.

According to Asif's report, Saudi Arabia was Sharif's most frequently visited country: the former premier visited the kingdom seven times in total.

Meanwhile, Sharif toured the United States a total of six times, although four of those visits were to attend the United Nations General Assembly.

Sharif's visit count for neighbouring China — with whom his administration is collaborating on the China-Pakistan Economic Corridor — stands at four.

 

[ghazi52]

 

[AlphaKing]

It was promised that new power plants will eliminate loadshedding. What should the suffering public do when such promises are broken? Who will provide relief to those people who do pay their bills and yet get loadshedding in return?

 

[Dastaan]

 

[Maxpane]

In my area there is not loadshedding

 

[Dastaan]

‘Mian sahab, you used to claim that loadshedding will come to an end’ - reporter’s question silences Nawaz Sharif

 

[Rusty]

In my area there is not loadshedding

When I close my eyes, everything goes dark, so that must mean it's night time.

 

[Dastaan]

 

[Dastaan]

Pakistan plans to borrow record $13b next fiscal year

ISLAMABAD: Pakistan has planned to borrow a record-breaking $13 billion in the next fiscal year alone, nearly 63% higher than the outgoing fiscal year’s original estimates, meant largely to repay previously obtained loans and stabilise nose-diving foreign currency reserves.

The provisional estimate to borrow $13 billion has been prepared for the budget 2018-19 the PML-N government wants to unveil on April 27, said sources at the Ministry of Finance. If the plan materialises, it will be the highest borrowing in a single year in Pakistan’s 71-year history.

In fiscal year 2016-17, Pakistan borrowed $10.4 billion. However, it has not yet confirmed whether the government will present a realistic plan of Foreign Economic Assistance in parliament on April 27 or like previous five occasions, it will understate the foreign borrowing plan.

The estimated foreign borrowings for fiscal year 2018-19 are $5.1 billion or 63% higher than the original estimates for fiscal year 2017-18. Former finance minister Ishaq Dar had presented only $8 billion as the foreign borrowing plan in parliament for the outgoing fiscal year. However, the government has already borrowed $7.3 billion in just eight months.

The plan does not include borrowings from the International Monetary Fund (IMF), as at this stage the outgoing government does not want to avail another bailout. It has relied heavily on extensive foreign borrowings to remain afloat, as the government has failed to attract non-debt creating foreign inflows.

During its first four and a half years, the PML-N government took over $40 billion in foreign loans, throwing the country deep into debt.

The IMF has recently projected that Pakistan’s external debt and liabilities will peak to $93.2 billion by June this year, which in 2013, when the PML-N took over, were nearly $61 billion. The government will have added over $32 billion in five years.

 

[Dastaan]

 

[Dastaan]

لوڈشیڈنگ --عوامی رائے