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

[Guynextdoor2]

@Blue Marlin , guess what I'm unfair to you. You're right. i read in history book that in 1899 you were a power to be reckoned with.

---All people need water& food
----------People with money buy stuff including water and food
---------------Need Companies for Jobs to generate cash, pay salaries
-------------------Companies need power and infrastructure
---------------------------- Power and Infrastructure , needs capital rasied from various sources
--------------------------------------------Investor are not all friendly need to find a trustable investor
--------------------------------------------------------------------- Once found the chain reaction can start​

Dude, theoretically sounds good. But to be frank, I smell very serious lapses in negotiations here. Jhukne to bola to Let kyun Gaye?

 

[Stephen Cohen]

Pakistan will have to earn all these 90 Billion dollars to repay these debts

The Billion dollar question is HOW will CPEC enable such huge Dollar earnings
for Pakistan

Especially when the Chinese electricity plants will be so expensive given the Rate of return assured to them

 

[Finer]

Chinese are getting more than they have asked for

Not really. India depends on the materials they seek to import from China. This way, Pakistan has its own port is likely to be filled with all kind of plants including manufacturing cars in the time to come. This is for the long haul which doesn't sound bad deal for Pakistan in the long run. Pakistan is expected to eradicate electricity crisis by 2018, and CPEC has been already fast-tracked which has surpassed the expectation. Not only that, it is soon to be international port knowing Chabahar port has been reduced to the myth given the foreign policy of Donald Trump in regards to Iran while many nations have shown interests over CPEC from the east to the west and the north.

This is peanut compared to what Pakistan is going to earn in the long run as the international hub. It will be mother of economical port of all the times. And i am not kidding.

 

[salarsikander]

I see more Indian hindus being concerned about CPEC than pakistan themselves. Seems we are on right track. Keep burning losers

 

[Finer]

excuse me ...mqm didnt ruin karachi until 2009 when when ppp came here...karachi was clean before 2009 and now its a rubbish bin....mqm did a lot good and a lot bad for karachi,...they jkilled people but they sprayed anti mosquito sprays in khi every month and especially in eid ul adha ....mqm kept karachi clean until zardari daako came and turned everything into shit and more target killings started....

After terrorist-outfit aka TTP, MQM was the most active criminal organization that ruined the only major economical port of Pakistan. And MQM was taking beating to death under the ruling of Nawaz Sharif until Musharraf happened that revived MQM; hence the unstable Karachi. Not the first time MQM tried to destabilize Karachi. There has been two military operations initiated against MQM under the direct orders of PMLN for reasons.

PPP was powerless to stop MQM while kept General Kiyani at bay who wanted military operation against TTP which then could have been expanded all the way to Karachi against MQM.

 

[kris]

Why are details of CPEC so confidential? What is stopping govt from making it public? Every one is saying something different about it and everyday we here some different numbers coming? Its fishy that government is afraid to make the numbers public and put an end to all the speculations.

Public projects in India are never done in such secrecy and each and every minute details is released for public consumption. People even have the right to file RTI in case they want to extract more information.

Seems some one is sold off to china

 

[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


Quite low level of debt compared to many other nations

 

[RealNapster]

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


Quite low level of debt compared to many other nations

Please Do compare trade and exports of the countries you mentioned.

 

[AZADPAKISTAN2009]

Well , I will compare one thing

Infrastructure, water, electricity is abundent in all these countries (USA, Japan and even India )

Infact if we look at top developed countries

China, USA, Japan , France, Germany , Korea , Sweden , Holland etc all have issue of water and power resolved long time ago


A day has 24 hours , and if 12 hours are load sheding , then 50% of day has been wasted from a company prespective why would anyone setup a office in such location?

If power issue remains for 365 days you can easily see productivity goes down the washers from a Business prespective as developed countries run 3 Shifts a day to maintain production levels

That is why

• Power / Energy / Water mega projects/ Nuclear plants need of time

Note: Civilian School/ Hospitals can still improve with local federal budget provided the provincial government is working honestly . Also we can see Metro projects have successfully been completed with federal budget

 

[salarsikander]

When we see Pakistan going on a Self destructive path ; It is our Duty to warn you

We cannot just stay silent

Oh how rich coming from Hindus, While youre at it, Why dont you save your ladies for imminent rape that occurs in India every single day. Oh I almost forgot even your citizens cant escape the rape from your armed forces, right ?

Jack *** !
https://www.google.com.pk/webhp?sou...ion=1&espv=2&ie=UTF-8#q=indian+army+rape+us&*

 

[Stephen Cohen]

Oh how rich coming from Hindus, While youre at it, Why dont you save your ladies for imminent rape that occurs in India every single day. Oh I almost forgot even your citizens cant escape the rape from your armed forces, right ?

Did I just touch a Raw Nerve ; LOL
If you want to live in Denial ; so be it

 

[salarsikander]

We cannot just stay silent

You are such a butthurt loser that you even ashmed of writing up your own name, but instead you find more pride in using english name. Modi was right when he said this:
http://www.news18.com/news/buzz/modi-insults-india-993961.html

Indeed, youre a prime example

Did I just touch a Raw Nerve ; LOL
If you want to live in Denial ; so be it

Aww did ya ?
What more can dehati aurat do. Sore butthurt indian loser

 

[Stephen Cohen]

https://www.thenews.com.pk/print/193212-The-economy

The economy


Capital suggestion



Pakistan’s internal economy is rupee denominated and our external economy is dollar denominated. Pakistan’s external economy comprises the entire stream of dollar inflows and dollar outflows. Here’s the record on imports or dollar outflows: Our imports have gone up from $35 billion a year five years ago to nearly $45 billion a year. That’s an increase of 28 percent in five years.

Red alert: Our exports – or dollar inflows – have gone down from $25 billion a year five years ago to $20 billion a year. That’s a decrease of 20 percent in five years. And on top of all that, dollars coming back to Pakistan from Pakistanis working abroad are also trending downwards. No wonder our current account deficit – which is the sum of all dollar inflows and outflows – deteriorated by over 90 percent during the first seven months of the current fiscal year (compared to the same period last year).

Red alert: Our foreign exchange reserves – built up largely by high interest rate loans – are falling; and falling fast. Over the past few months, reserves have fallen from around $19 billion to a current level of under $17 billion. If the trend continues – especially when international oil prices have doubled over the past year – we would be forced to go back to the IMF by early-2018.

Yes, the China-Pakistan Economic Corridor (CPEC) is now being presented as the panacea – a solution to all our difficulties including falling exports and declining foreign exchange reserves. Red alert: Assuming that some $35 billion of Chinese loans is utilised for energy projects, Pakistan’s annual financing burden will go up to $5.3 billion a year plus an insurance premium of $2 billion upfront.

Pakistan’s external, dollar-denominated economy is moving from bad to worse. Yes, the State Bank of Pakistan (SBP) has now moved in to bring some stability to the worsening external, dollar-denominated economy by imposing a 100 percent cash margin for imports of 404 non-essential, non-oil import items. What that means is that the Government of Pakistan has no policy remedy and the SBP has therefore jumped in with an administrative measure. History has it that administrative measures work – if they do – only over the short term.

Rewind back to early-2013 when foreign exchange reserves had started falling like nine pins-and within a few months we had to rush to the IMF for a 36-month, $6.4 billion Extended Fund Facility (EFF). Red alert: We are back to where we were in early-2013 with one big difference – our external debt servicing load is now twice as heavy. Imagine: over the next 14 months Pakistan must pay back $6.5 billion in principal plus interest.

To be certain, our march back to yet another IMF rescue package has begun. The external sector of our economy is weakening by the day. Yes, the Economic Coordination Committee (ECC) of the cabinet has shown “concern over the widening of the current account deficit” but the government lacks either the capacity or the will-or both-to turn the tide via a policy response. Yes, the SBP held a meeting with the heads of all major banks in the country to “improve their capacity to control money laundering” in the amount of $10 billion a year but that’s the farthest that the SBP is willing to go.

The writer is a columnist based in Islamabad.

 

[AZADPAKISTAN2009]

I never knew Hindus cared so much

 

[Stephen Cohen]

Indeed, youre a prime example

Total BS ; I have always said that I am a HINDU ; BJP supporter

My PDF User ID is an American Writer 's Name
whom I greatly Respect and Admire

https://en.wikipedia.org/wiki/Stephen_P._Cohen