What's new

IMF is not willing to sign the contract without the opposition party.

So that means no loan for Pakistani awam. PTI would rather watch their country burn than to be on a discussion table to settle for a amicable solution.
when asked by a journo why they interfered with IMF and stopped the loan to Pakistan?
answer on TV: because they (Pakistan) removed our chairman from premiership
 
. . .
IMF has been bitten 22 times before when Pakistani govt made promises to reform to get the loan and then renege.
IMF wants every party to agree to the reforms or no loan.
partly exactly correct. few times amreeka made IMF back off
 
. .
IMF asked the government to make assets and earnings public of all government officials starting from grade 17 to 22, thats including the Bueurocrats as well. Which is even more strict demands. PDM is gonna have to sh@t their pants for this deal.

True, originally IMF had asked to make assets public for both military and civil officers. However, that was unacceptable to the holly cows. So, we remain as a joke of the world and negotiated with them and asked them that there is no way, we can public the wealth of Brigadiers, Generals etc. So now its only civil servants where this law will be applicable. How much they will follow it is another debate.
 
.
I Hope IMF does not provide the loan especially when we have Mofos running the show. It will be a short-term pain for a long-term gain.
 
. .
IMF know 30% of the funds will go missing into the Sharif and Zardari network. This is the only reason they are in politics. Every 4 years its a rinse repeat for a IMF loan because its their payday.

Nawaz doubled his wealth in the 90s after 1 year of becoming a PM :lol: Go figure
 
.
IMF know 30% of the funds will go missing into the Sharif and Zardari network. This is the only reason they are in politics. Every 4 years its a rinse repeat for a IMF loan because its their payday.

Nawaz doubled his wealth in the 90s after 1 year of becoming a PM :lol: Go figure
30% Nawaj and Jardari and the rest 70? I guess goes to khakis..
 
. . .
30% Nawaj and Jardari and the rest 70? I guess goes to khakis..

Corruption mostly. By the end probably around 20% is left. This is why Pakistani public have money but the government is poor.

And they don't care about how the country is doing because these loans, aid and grants are their payday. They make more money now than a high performing Pakistan which doesn't need these loans.

Even the CPEC loans, who do you think the Chinese bought off? The Sharifs were in charge at the time. $55 billion loan to promote Chinese exports and roads. Give me a f**king break.
 
.
National

Pakistan to pay back $100 bn to China by 2024​

By Obaid Abrar Khan
September 29, 2017



ISLAMABAD: Pakistan has to payback $100 billion to China by 2024 of total investment of $18.5 billion, which China has invested on account of banks’ loan in 19 early harvest projects mostly relating to energy sector under China Pakistan Economic Corridor (CPEC).
The sources in Chinese Embassy told ‘The News’ that loans which China had given to Pakistan were considered as concessional loans, having special subsidy from the Chinese government. These loans are not the burden on Pakistan economy, as these constitute only 1.1 percent of total Pakistan foreign debt.
The sources said that Chinese financial assistance to Pakistan made a big contribution in strengthening Pakistan’s economy. Four years back GDP of Pakistan was 3.6 but now it reached 5.2, this reflected the fact that CPEC has played a major role in the economy of the country,” sources added.
Embassy’s sources further said that Chinese companies working in Pakistan has taken loans from Chinese banks for different development projects under CPEC and these companies are responsible for paying back loans not the Pakistani government.
The sources further said that China is also providing free assistance to some high-profile projects like construction of Gwadar Port, motorway linking Gwadar Port, schools and emergency health care centers etc. In future, China has planned to build more emergency healthcare centers in different parts of the country.
So far there are around 20,000 Pakistani students getting education in China. A large number of them are on Chinese government scholarships. CPEC also contributed in overcoming unemployment problem in Pakistan. As many as 60,000 Pakistanis got jobs in CPEC-related projects and 24,000 people got direct employment in different projects of CPEC. The sources said that in the next phase, china will focus to build industrial parks, which will bring not only Chinese but also other countries’ investment to Pakistan.
 
.
So that means no loan for Pakistani awam. PTI would rather watch their country burn than to be on a discussion table to settle for a amicable solution.
Is PTI have taken Pakistan at the verge of the default from last 8 months?? Who is singing in the news conferences every day to hold the fair elections so country can get stability???? Pakistan is dowsed in the petrol by our loving crap generals who want respect and you are blaming PTI for that?
When Islamic republic of Pakistan brave soldiers won't have monthly pay cheques and generals are going to be dragged out of their homes for their deeds then Pakistan will be reset on the right course.
 
.

Latest posts

Country Latest Posts

Back
Top Bottom