Pakistan and World Bank sign $304m loan

[m52k85]

Pakistan and World Bank sign $304m loan | The Express Tribune

The programme is aimed at helping the government of Punjab to increase its own source revenue

tribune.com.pk

Can anyone justify this loan? Seriously, what sort of payback period from a financial benefit point of view have these types of agreement had in the past? And when did we allow provinces to contract foreign debt, that's a slippery slope.

This is what I found from:

Pakistan: Punjab Resource Improvement and Digital Effectiveness Program

The Punjab Resource Improvement and Digital Effectiveness Program supports efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in the Punjab province.

www.worldbank.org

"The program supports efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in the Punjab province."

@Norwegian @AZADPAKISTAN2009 @HAIDER @ziaulislam @Indus Pakistan

 

[Baz2020]

Kia maut ayee thi?

 

[AWAITED1]

Ksa and now UAE demanding money, most payed back to Ksa so good to have some just to keep rupee stable

 

[Raj-Hindustani]

Ksa and now UAE demanding money, most payed back to Ksa so good to have some just to keep rupee stable

Once time is over then lender will ask the money! what is wrong?

It is a governance and Imran khan's failure to not plan on a time.

 

[AWAITED1]

Time wasn't over it was for 3 years but they were hell bent to convince Pakistan about accepting Israel. Now these "friends" are agitated and being paid by Pakistan already.

 

[Raj-Hindustani]

Time wasn't over it was for 3 years but they were hell bent to convince Pakistan about accepting Israel. Now these "friends" are agitated and being paid by Pakistan already.

I guess, it was for 1 year not 3 years.

• It was agreed that Saudi Arabia will place a deposit of US $3 billion for a period of one year as balance-of-payment support. A memorandum of understanding (MoU) was signed in this regard between Finance Minister Asad Umar and his Saudi counterpart Muhammad Abdullah Al-Jadaan.

Three years was for oil.

• It was also agreed that a one-year deferred payment facility for import of oil, up to $3 billion, will be provided by Riyadh. This arrangement will be in place for three years, after which it will be reviewed.

Saudi Arabia agrees to provide Pakistan $3 billion to address balance-of-payments crisis

The Kingdom has also agreed to provide Islamabad a one-year deferred payment facility for import of oil, worth $3bn.

www.dawn.com

 

[El Sidd]

Both Sindh and Punjab have now successfully attracted IMF development funds.

Details of these cannot be made public as per government they are a matter of national security.

Good progressive news this. Congrats PTi and PPP.

 

[AWAITED1]

As it's mentioned it was for 3years and renewable. It was 2.5 years.. Even if it's renews every year demand before term end is indicative of problematic relations

I guess, it was for 1 year not 3 years.

• It was agreed that Saudi Arabia will place a deposit of US $3 billion for a period of one year as balance-of-payment support. A memorandum of understanding (MoU) was signed in this regard between Finance Minister Asad Umar and his Saudi counterpart Muhammad Abdullah Al-Jadaan.

Three years was for oil.

• It was also agreed that a one-year deferred payment facility for import of oil, up to $3 billion, will be provided by Riyadh. This arrangement will be in place for three years, after which it will be reviewed.

Saudi Arabia agrees to provide Pakistan $3 billion to address balance-of-payments crisis

The Kingdom has also agreed to provide Islamabad a one-year deferred payment facility for import of oil, worth $3bn.

www.dawn.com

 

[The Accountant]

Pakistan and World Bank sign $304m loan | The Express Tribune

The programme is aimed at helping the government of Punjab to increase its own source revenue

tribune.com.pk

Can anyone justify this loan? Seriously, what sort of payback period from a financial benefit point of view have these types of agreement had in the past? And when did we allow provinces to contract foreign debt, that's a slippery slope.

This is what I found from:

Pakistan: Punjab Resource Improvement and Digital Effectiveness Program

The Punjab Resource Improvement and Digital Effectiveness Program supports efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in the Punjab province.

www.worldbank.org

"The program supports efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in the Punjab province."

@Norwegian @AZADPAKISTAN2009 @HAIDER @ziaulislam @Indus Pakistan

Not the right approach we should learn to stand on our own feet.

Previous year approach was much better where we had economic slowdown but as a result we r witnessing pakistani products are replacing chinese imports in local markets.

Similar should be the treatment of loans.

Overall direction is right but these small mistakes should be avoided.

 

[El Sidd]

A loan to payback a previous loan ?




Pakinomics for you !

How much does India contribute to the IMF?

 

[charene514]

How much does India contribute to the IMF?

Why do you care for IMF on a thread related to world bank ?

Thanks for reiterating the point that pakistani have no clue of the difference between IMF and WB !


Note: India contributes about 5.8 Billion USD to IMF i.e. 2.5% of its worth.

Your loan by the way is 2.5% owed to INDIA.

 

[El Sidd]

Why do you care for IMF on a thread related to world bank ?

Thanks for reiterating the point that pakistani have no clue of the difference between IMF and WB !


Note: India contributes about 5.8 Billion USD to IMF i.e. 2.5% of its worth.

Your loan by the way is 2.5% owed to INDIA.

How can more loans get qualified?

 

[Death Adder]

Some PTI guys were jumping with joy few days ago that our foreign reserves are increased by $304 Mil.

 

[Incog_nito]

Why still we are taking loans?

Instead privatization should be the way.

 

[Death Adder]

Both Sindh and Punjab have now successfully attracted IMF development funds.

Details of these cannot be made public as per government they are a matter of national security.

Good progressive news this. Congrats PTi and PPP.

Care to explain how it’s a national secret, when its funding coming from IMF? Perhaps you’re trying to say it’s a matter of corruption.