Is Pakistan poised for default in FY 2024?

[nahtanbob]

Hope you can understand English …

Quote :


“The report asserted that the motto of the Pakistan Army officers seems to be 'Greed is Good'.

How about moving to Wall Street ?

View attachment 935014

Is the book upside down ?

 

[ziaulislam]

Hopefully China will bail Pakistan out.

Or maybe Saudi Arabia + UAE + Qatar + Bahrain + Kuwait + Oman will bail Pakistan out.

There are many options.

Chinese will at the end as it will be embracement for them if we default they will do it out of shame and embracement


Arabs won't because they see Pakistan current setup massively unpopular

They also don't see any benefits of supporting Pakistan or Pakistan role in future

 

[Muji.Iqbal]

Chinese will at the end as it will be embracement for them if we default they will do it out of shame and embracement


Arabs won't because they see Pakistan current setup massively unpopular

They also don't see any benefits of supporting Pakistan or Pakistan role in future

Probably GCC or China will help Pakistan, Insh'Allah.

 

[CIA Mole]

Probably GCC or China will help Pakistan, Insh'Allah.

why dont we just sell u guys to pay off the debt

 

[Dual Wielder]

#Na-Pak Fouj lumba 1!

Pakistan is lead by four star incompetent donkeys, what did you expect to happen? They have brought pakistan to its knees countless times when they subverted democracy and ursurped power for themselves.. these malicous swines are worser than their PDM spawn.
kashmir was never a red line, their ill gotten wealth stolen from the people of Pakistan, and money made treacherously selling the country to foreign powers is far more important to them then the country or the people.. they were sworn to protest.. curse every treacherous general since Ayub the dog!

 

[PakFactor]

Chinese will at the end as it will be embracement for them if we default they will do it out of shame and embracement


Arabs won't because they see Pakistan current setup massively unpopular

They also don't see any benefits of supporting Pakistan or Pakistan role in future

From what I've read and seen, they are reducing the Pakistani headcount in the GCC region. Better-trained Indians and Bangladeshis are replacing Pakistani labor, which has been going on since 2017. If I remember correctly, around 2018-2019, the GGC opened technical and language schools in those two countries to train the workforce for future projects. The writing was on the wall, but what can you do when you have Patwari's running the show?

 

[epebble]

Chinese will at the end as it will be embracement for them if we default they will do it out of shame and embracement

Why is it an embarrassment for China if Pakistan defaults? China is a pragmatic country with little to no emotion in conducting foreign policy. They pulled the plug on Sri Lanka when the jig was up. Even for a complete client like North Korea, they only provide minimal help.

 

[Muji.Iqbal]

China, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, and Oman can help Pakistan. We can repay them back in 25-40 year deadlines.

 

[Ali_Baba]

China, Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, and Oman can help Pakistan. We can repay them back in 25-40 year deadlines.

Pakistan has been selling those snake oil promises to those countries for the last 75years... no one is buying that story anymore.

 

[Muji.Iqbal]

Pakistan has been selling those snake oil promises to those countries for the last 75years... no one is buying that story anymore.

True, we need to improve our economy. We need to improve our manufacturing capacity.

 

[ziaulislam]

Am i the only one who thinks 80% GDP debt is not much especially since half of the gdp is not on the books & with growing population

Pakistan problem is corruption, instability, lack of taxation/revenue and illegal economy. Not its debt

 

[HerbertPervert]

Am i the only one who thinks 80% GDP debt is not much especially since half of the gdp is not on the books & with growing population

Pakistan problem is corruption, instability, lack of taxation/revenue and illegal economy. Not its debt

Debt isn't the problem, rather the decreasing ability to repay it. With PTI, exports & remittances were on upwards trajectory so we thought things were looking bright. Then came PDM to reverse all that and take it down even further.

 

[CIA Mole]

things will get a lot worse before it gets better

an actual functioning economy takes decades to develop

 

[epebble]

Debt isn't the problem, rather the decreasing ability to repay it.

Country	General government gross debt (Percent of GDP)	General government net debt (Percent of GDP)

Japan	261.289	168.1
Greece	177.434
Eritrea	163.769
Venezuela	157.809
Italy	144.696	138.3
Singapore	134.159
United States	134.1	99.6

Pakistan

75.753

67.4

 

[HerbertPervert]

Country	General government gross debt (Percent of GDP)	General government net debt (Percent of GDP)

Japan	261.289	168.1
Greece	177.434
Eritrea	163.769
Venezuela	157.809
Italy	144.696	138.3
Singapore	134.159
United States	134.1	99.6

Pakistan

75.753

67.4

Only Eritrea and maybe Venezuela on this list can be compared to Pakistan. The other countries are far more developed, having a population that pays taxes and is productive. Pakistan has neither. The gameplan is and has always been to borrow new loans to pay the older loans and the interest and kick the can down the road. It seems IMF has had enough of that.