I doubt where is that "infrastructure"....?
Metro networks? Underpass? Orange Train?
Building road on road? Overhead bridges?
I don't find any School, University, Hospital on his "construction" list......
In schools students are sitting on ground as there is no furniture, in usual days in emergency rooms each bed is shared by two patients as there are not enough beds. Government pharmacies are empty and private sector is earning money by selling expensive medicines.
Seriously I don't have words to make a picture. How they have ruined every thing.
And here you are, acting like typical "Nooni Tooni" & blaming on IK and showing colorful dreams which simply don't exist.
If Federal Government is responsible for Schools, Universities and Hospitals then whats the job of KPK, Balochistan, Sind, and Punjab Governments ??????????????????
Loans are used to build projects and projects in return are used to make revenues and benefit lives of citizens.....
You don't see it or you just don't want to see it ?
$1.6 Billion from China for Karot Hydropower Project
$433 Million from China Saudi Arabia, and Kuwait, for Neelum Jhelum Hydropower Project
$ 588 Million from World Bank for Dasu Hydropower Project
$ 50 Million from European Investment Bank for Rehabilitation of Warsak Hydropower Project
$640 Million from World Bank and Austria for Tarbela's 4th Extension
$6.5 Billion from China for K-2, K3, C3, C4 Nuclear Power Plants
$1.6 Billion from China for Lahore's Orange Line Metro Train
Rs. 29 Billion from ADB & AIIB for Faisalabad-Khanewal Motorway (M-4)
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Moody's assigns definitive B3 rating to Pakistan's global bond offering
ISLAMABAD: Moody's Investors Service has assigned a definitive rating of B3 to Pakistan's global bond offering.
"The outlook is stable" said a Moody statement issued on Friday.
Moody's definitive ratings for these debt obligations confirm the provisional ratings assigned on September 18, 2015.
The Moody statement said that Pakistan's B3 issuer rating reflects moderate economic strength with a supply-constrained economy that has been resistant to structural change, Moody's reported.
Although the scale of the economy is relatively large, globally, Pakistan's per-capita income level is relatively very low.
Implementation of the China-Pakistan Economic Corridor (CPEC) will over time, bolster growth through investment in transportation and power generation infrastructure, the statement said.
However, the government has gained significant traction on reforms under the IMF (International Monetary Fund) programme, key goals of which include deficit reduction, resolving constraints in the energy sector, and the privatisation of several state-owned enterprises.
Government's debt roll over risk is also reduced by sizeable recourse to domestic bank lending and, to some degree, by a debt structure which consists of long-tenor credits from multilateral and official bilateral creditors, the Moody's statement said.
The statement further added that the challenging operating environment, susceptibility to economic risks and political shocks, coupled with a high concentration to the sovereign, links the health of the banking system very closely to that of the government.
Upward pressures stem from support from multilateral and bilateral lenders, which bolster an improving foreign reserve position and ongoing reform progress. Deeply entrenched weaknesses in the power sector also acts as a bottleneck to growth.
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After Moody's, S&P upgrades Pakistan's credit ratings
Standard and Poor’s ratings agency raised Pakistan’s credit rating to positive from stable but affirmed its B- rating, as the country experiences economic growth, according to
The Bloomberg.
“The positive outlook reflects our expectations of Pakistan’s improved economic growth prospects, fiscal and external performance, and the supportive relationship of external donors over the next 12 months,” the ratings agency said.
As the IMF loan package and lower energy rates boost growth and improve finances, Standard and Poor raised the country’s 2015-2017 average growth projection to 4.6% from 3.8%.
Read: Pakistan’s economy enjoying period of optimism: report
“Risks include higher oil prices, weakness in key trading partners and violence,” the agency added.
The move comes a month after Moody’s upgraded Pakistan’s dollar bonds rating one notch from stable to positive on Wednesday on the back of the country’s improving macroeconomic indicators.
The financial ratings firm said its decision came in view of Pakistan’s strengthening foreign exchange reserves.
Read: Sovereign ratings: Pak-China economic corridor a ‘credit positive’, says Moody’s
Pakistan has been trying to boost its flagging economy since Prime Minister Nawaz Sharif was elected nearly two years ago.
“Moody’s Investors Service has revised the outlook on Pakistan’s foreign currency government bond rating to positive from stable,” the company said in a statement.
Last month, Pakistan and China signed agreement worth $46 billion for roads, ports and power plants.
Read: Pak-China corridor: Task force formed to monitor projects
The planned investment, 28 times more than the foreign direct investment Pakistan received in year ended June, will increase investment activity and help ease the country’s growing energy shortage, Moody’s said in a report on Monday.
S&P forecasts Pakistan will report an average budget deficit of 3.5% of gross domestic product during 2016-2019 with interest costs falling to about 25.5% of revenues from an estimated 30.6% in 2015. Further, inflation is expected to average 4.8% over 2015-2019.
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IMF says Pakistan ready to go it alone when programme ends
Pakistan will be ready to go it alone when its $6.7 billion three-year International Monetary Fund (IMF) programme ends in September, a senior fund official said on Wednesday.
Masood Ahmed, director of the IMF’s Middle East and Central Asia department, told Reuters substantial progress had been made in repairing the economy and that the government was right in saying it does not need another package.
"I think that is a very sensible approach at this stage," Ahmed said. "They have built up their reserves, they have halved their budget deficit, their growth rate is pretty much the highest of all the countries in the region broadly defined."
"Therefore they have completed to a large measure the stabilisation agenda that this programme was supporting."
A total of $1.1bn of the $6.7bn package is due to be disbursed before the programme ends in September.
This year has seen some behind-the-scenes grumbling from IMF officials when the government shelved plans to privatise its main power companies.
This month it also shied away from privatising Pakistan International Airlines but with growth expected to be 4.5 per cent this year, neither have caused enough alarm for a formal IMF rebuke.
"The next phase [once the programme ends] is to continue with the reforms that they have on structural measures that will sustainably raise their growth rate and particularly raise their exports," said Ahmed.
"The current level of exports they have, which is about $25bn, for an economy of over $280bn it needs to be double that."