IMF approves $1.1 billion loan for Pakistan

[A.M.]

this topic is not for the faint hearted (nor for the un-trained).

I have a degree in finance and I've been working in the industry for 10 years. But agreed, untrained individuals should avoid commenting on topics they have no understanding in.

 

[FaujHistorian]

I have a degree in finance and I've been working in the industry for 10 years. But agreed, untrained individuals should avoid commenting on topics they have no understanding in.

May be you do.

yours posts did not reflect it.

Sorry.

nothing personal.

 

[A.M.]

May be you do.

yours posts did not reflect it.

Sorry.

nothing personal.

And this does?

you cannot pay these loans by taxes in Pak

you know why?


The loans are in dollars

the taxes are in rupees (akk worthless currency in international market, same as other worthless local currencies around the world).


These dollar loans can only be paid back by

more dollar loans
dollar aid
dollars from expats
dollars from bonds
dollars from exports
dollars from international tourists

 

[salarsikander]

sir i dont live in pakistan.but our property tax each year that we pay is in millions.we send hell alote to pakistan.its heart breaking that all our efforts are in vain.

Hi,
if you dont live in Pakistan, then you have no freakin right to speak about it. Unless you can contribute its better zip your mouth. a lot like you can only sit read newspaper and criticize without actually doing something tangible

 

[FaujHistorian]

And this does?

you cannot pay these loans by taxes in Pak

you know why?


The loans are in dollars

the taxes are in rupees (akk worthless currency in international market, same as other worthless local currencies around the world).


These dollar loans can only be paid back by

more dollar loans
dollar aid
dollars from expats
dollars from bonds
dollars from exports
dollars from international tourists

it is way too complicated for you.

you said it.

 

[A.M.]

it is way too complicated for you.

you said it.

Yes, very.

Just so you know, any currency in the world including rupee can be converted into dollars (did I blow your mind?). Some are even worth more than dollars like £ and € (Is your mind fully obliterated right now?)

Here is the best one, Chinese with their yuan actually own the US.

Carry on.

 

[faisal6309]

And how we gonna return? What would be the interest rate? Let the International Oil market stable, hum Tatti baad mai karenge, pay pehlay through Petrol, Electricity and GSTs.

Every country gets loan from other countries. That's not big deal. The big deal is how you pay back the loan. If you just stop complaining about everything bad happening in country and change mind & character, then you can do something for your country in whatever field you want. If 47% population is not paying tax then it is sure that other 53% of people have to pay it. Also people have voted for these politicians. Now they are doing what is best in their interest and ignoring what is best in country's interest. People should suffer.

 

[nomi007]

loan loan loan loan
is this nawaz experience team

 

[ali_raza]

Hi,
if you dont live in Pakistan, then you have no freakin right to speak about it. Unless you can contribute its better zip your mouth. a lot like you can only sit read newspaper and criticize without actually doing something tangible

u cant talk to me like that.the expatriates contribute to the economy more then the natives combined.we love our country more then u.we fight here daily for our survival as well as we sent our hard earned money to our country.

 

[Pakistani shaheens]

Do any one know whats the interest rate of this loan?

 

[salarsikander]

u cant talk to me like that.the expatriates contribute to the economy more then the natives combined.we love our country more then u.we fight here daily for our survival as well as we sent our hard earned money to our country.

Hi,

You better watch your mouth when you speak of this nation and its People, you're not doing any favour by sending your HARD EARNED money to your relatives which happens to live in Pakistan.
Secondly, youre not the only person who is living as overseas pakistani and doing this.
nor it does give you any right to say KAtora lelo bikario ho whatever you said it was.
Do you honestly think you went to live in Oman just for the sake for Pakistan ??????
or you like me or any other overseas went there coz you couldnt bear and man up to the difficulties faced in Pakistan!

Grow up and dont forget your roots, people in pakistan fight are literally fighting for their survival unlike you !
you have no freaking rigt to say anything about this country since you already gave up on it and left for good.

 

[Faiez]

Yes, very.

Just so you know, any currency in the world including rupee can be converted into dollars (did I blow your mind?). Some are even worth more than dollars like £ and € (Is your mind fully obliterated right now?)

Here is the best one, Chinese with their yuan actually own the US.

Carry on.

And that is how we pay our dollar bills to IMF etc. Gov. buys dollars in exchange for ruppees (ruppees from gov. expenditure which is lower than the revenues so gov. again borrows ruppee as well) from the market and obviously that impacts the exchange rate. I don't know why fauji is unable to understand that lol...

so government takes loan from abroad. then takes loans locally to pay for the interest on foreign loans. which is pretty bad, unless offcourse the gov has a good plan for spending the money in the right way and stimulate the economy enough to be eventually be able to start paying off those loans or be able to sustainably keep paying interest payments.

and yuan is not even a hard currency. yet it's not a "yes sir" economy the way fauji says every soft currency economy should be....

Hi,

You better watch your mouth when you speak of this nation and its People, you're not doing any favour by sending your HARD EARNED money to your relatives which happens to live in Pakistan.
Secondly, youre not the only person who is living as overseas pakistani and doing this.
nor it does give you any right to say KAtora lelo bikario ho whatever you said it was.
Do you honestly think you went to live in Oman just for the sake for Pakistan ??????
or you like me or any other overseas went there coz you couldnt bear and man up to the difficulties faced in Pakistan!

Grow up and dont forget your roots, people in pakistan fight are literally fighting for their survival unlike you !
you have no freaking rigt to say anything about this country since you already gave up on it and left for good.

He's still a citizen and has a vote and a right to free speech anyways.

And he's right about that begging part. that has been the trend since 2008. Pak gov. has begged every single country they can find to beg from. Remember "friends of pakistan" etc?

A high school drop out can continnue doing menial jobs, not enough money, and thus starve slowly.

Or

He can take a loan, go back to school college, figure out his specialization and go around the world to find more and better work.

Pakistan is no exception.

but you want to live like high school drop out, starving and cutting expenditure.

Shhabash.

That plan was as real as it could be.

But Islamo socialists have made sure we live like high school drop outs.

Take a thorough look at what the government is spending on first.

And the gov. is not taking a loan to get back to college, they just want to buy more marijuana, they're addicts. And they'll blow this loan money away just like past governments have done.

Otherwise I don't mind pakistan going back to college for a better life. Problem is, it uses college as an excuse to get loans to buy more marijuana.

 

[salarsikander]

He's still a citizen and has a vote and a right to free speech anyways.

And he's right about that begging part. that has been the trend since 2008. Pak gov. has begged every single country they can find to beg from. Remember "friends of pakistan" etc?

Hi,
Regardless, if he is citizen than act like one instead of criticizing, spare us with your freedom of speech B.S. please.
Theres a difference in expressing your views and insulting

 

[Hurter]

Every country gets loan from other countries. That's not big deal. The big deal is how you pay back the loan. If you just stop complaining about everything bad happening in country and change mind & character, then you can do something for your country in whatever field you want. If 47% population is not paying tax then it is sure that other 53% of people have to pay it. Also people have voted for these politicians. Now they are doing what is best in their interest and ignoring what is best in country's interest. People should suffer.

Look at my question.. Thats what I've written. Its a matter of how we gonna return that money. Do not exclude 47%. Because when it comes to GST, everyone pays when they recharge their mobile credit.

 

[Bouncer]

you cannot pay these loans by taxes in Pak

you know why?


The loans are in dollars

the taxes are in rupees (akk worthless currency in international market, same as other worthless local currencies around the world).


These dollar loans can only be paid back by

more dollar loans
dollar aid
dollars from expats
dollars from bonds
dollars from exports
dollars from international tourists

Sorry your post makes no sense, please stop spreading wrong information.

Whatever is the exchange rate between PKR and USD, it doesn't make the currency worthless. 1 USD and 100 PKR can buy the same amount of stuff in the market. Same for 1 USD and 119 YEN.

If (and I am sure it is) the agreed transaction currency is USD for these international loans, then GOP can buy USD from open market (directly or indirectly) to pay interest and return these loans.