Mushraff Worried by Pakistans $90 billion debt & CPEC debt interest

[Storm Force]

VERY VERY INTERESTING VEDIO

Mushraff confirms between 1999- 2017 Pakistani debt has risen nearly three fold

FROM $38 billion to $90 billion

THAT CHINA IS CHARGING 8% LOAN INTREST on CPEC loans to PAKISTAN

HE has concerned unless CPEC works Pakistan will not be able to service this debt

 

[Hassan Guy]

Some valid points brought up.


SOME.

 

[Hareeb]

This $90 billion USD was first reported by The Tribune--we all know whos behind this news outlet-- in Dec 2015--estimated by a former minister Dr. Pasha.
His estimated figures even surpass those made by IMF. So the assumptions made by a single person is more credible than the calculations made by an designated International Organization. Even now, some of the information related to CPEC projects is confidental but the persumption of a finance minister and this $90 billion figure...

 

[The Sandman]

I though it was $75b? @The Eagle

 

[AZADPAKISTAN2009]

Pakistani Debt
90,000,000,000 (9 Zeros)

US Debt
20,000,000,000,000 (12 Zeros)

Indian Debt
470,000,000,000 (9 Zeros)

Japan Debt
10,000,000,000,000 (12 Zeros)


So go to sleep

Pakistan to US Ratio 20,000 : 9
Pakistan to Japan 10,000 : 10

 

[danger007]

Pakistani Debt
90,000,000,000 (9 Zeros)

US Debt
20,000,000,000,000 (12 Zeros)

Indian Debt
470,000,000,000 (9 Zeros)

Japan Debt
10,000,000,000,000 (12 Zeros)


So go to sleep

you can't compare any of these 3 countries..

 

[AZADPAKISTAN2009]

Yes we can

 

[The SC]

I though it was $75b? @The Eagle

$90 billion is the worst case scenario..And to be paid on the course of 30 years..
The whole dept can be covered by a minimally functional CPEC/silk road and Gwadar.. when the projects will go full gear, everything will be just profit and new income to Pakistan and that is in the 2 progressively to the 3 figures in billions of dollars..

 

[The Eagle]

I though it was $75b? @The Eagle

Don't forget that Musharraf speaking for point scoring too. We can leave it from discounting point of view. I hope people may agree what else he says, too.

 

[Blue Marlin]

Don't forget that Musharraf speaking for point scoring too. We can leave it from discounting point of view. I hope people may agree what else he says, too.

i thought the investment was an investment not a loan.

 

[The Eagle]

i thought the investment was an investment not a loan.

Our point of view was about previous debt though CPEC investment does not included in this but to the some extent, may be Musharraf mixed it up. However, debt is around 75 and once CPEC reached the point of full swing, I see debt decline quickly as this project alone is going to pay a-lot. Remember, our ruling party FM is not a trust worthy/true person when it comes to finance etc as for political points scoring, can go to any limit hence, can lie big.

 

[Talwar e Pakistan]

Pakistan has about the same debt %age wise as India. It's normal for a developing country to accumulate debt.

 

[Finer]

So Pakistan shouldn't have invested on CPEC, energy sectors, Motorways and its expansions, Metro projects, Military operations?

They all cost money. Thanks to Musharraf's exit strategy with Zardari, PMLN was forced to take loans to invest on fast-tracking CPEC, invest on the energy sectors [wind, solar, hydro,...etc], military projects that expanded cost real money, and metro projects to lessen the congested areas largely.

Musharraf has done nothing in regards to military project [against TTP, not to mention TTP was born in his ruling], allowed MQM to ruin the only major economical port of Pakistan, and no investment on the energy sector except one project that was dead-end finally revived in 2013 to discard the project later [or not; not sure] to funnel more money on other energy projects as mentioned above.

Thanks to Musharraf and his policy which allowed Zardari to succeed him as leader of Pakistan, Pakistan economy took huge hit which to this day still stabilizing the economy and a lot more needed to do in the future.

Musharraf seems bitter that Nawaz Sharif has been able to stabilize the economy left in ruins by Musharraf. It is good that General Raheel grilled him and knocked him some sense after he allegedly undermined the government in the year of 2014 according to the rumor which backfired nicely. And then the military operation carried on and expanded all the way to Karachi against MQM which didn't sit well with Musharraf.

 

[wiseone2]

Pakistani Debt
90,000,000,000 (9 Zeros)

US Debt
20,000,000,000,000 (12 Zeros)

Indian Debt
470,000,000,000 (9 Zeros)

Japan Debt
10,000,000,000,000 (12 Zeros)


So go to sleep

Pakistan to US Ratio 20,000 : 9
Pakistan to Japan 10,000 : 10

USA and Japan have world class infrastructure for their debt

 

[ashok mourya]

Musharaf has some valid point.If road and port being built for use of mainly China then it should Chinese direct investment.Surprisingly China got a big deal and what Pakistan will get no body knows but with 8 % interest after 30 years 75 billion will became 160 billion dollars. Even if Pakistan gets 1 billion dollar per year which is unlikely it cannot repay the loan from earnings of cpec.