Pakistan doesn't have enough foreign exchange reserves to pay debts: Moody's

[Hakikat ve Hikmet]

Who says we're going to pay the whole years worth of debt in January?

Scare mongering to reduce consumer confidence in Pakistan. The west wants to weaken our markets and force us into the hands of the IMF, trying to derail OBOR in Pakistan.

As if the Pak consumers consult Moody's or anybody else for their economic activities....

 

[nahtanbob]

As if the Pak consumers consult Moody's or anybody else for their economic activities....

international lenders do

 

[ARMalik]

Nope they never gave AAA ratings to the sub-prime bonds
Giving AAA rating to the bonds does not mean housing prices cannot fall. It has no bearing on the stock market.

Bullshi.t ... they definitely did!! These vultures simply wrapped it under the cover of other products. They even played around with the CDOs and gave them AAA ratings. Not only Moody but also Standards and Poors were implicit in the game. And for a very good reason - they are part of the very same corrupt financial ponzi system that is ruling the US and other parts of the world.

 

[Hakikat ve Hikmet]

international lenders do

Pak has got allies/brothers/friends etc. with benefits....

 

[ziaulislam]

Pakistan doesn't have enough foreign exchange reserves to pay debts: Moody's

By
Web Desk
Thursday Jan 10, 2019

Reserves are now worth less two months of goods and services imports, says Moody's. Photo: File

Pakistan does not have enough foreign exchange reserves to pay its public and private external debt due over this year, a report by Moody’s said on Thursday.

“Foreign exchange reserves are low, and gross borrowing requirements are large in Pakistan and Sri Lanka, threatening the ability of these governments to refinance debt and fund deficits affordably,” Moody’s Investors Service said in its report.

The credit rating agency said the total public and private external debt due over the next year is larger than foreign exchange reserves.

Foreign exchange reserves are on lower side in Pakistan. The lower reserves threaten government to refinance debt, it noted.

Pakistan’s foreign reserves declined owing to persistent current account deficit. The reserves coverage of imports has also fallen, Moody’s further said.

“Reserves are now worth less two months of goods and services imports,” the credit agency noted

Misleading title..

 

[nahtanbob]

Pak has got allies/brothers/friends etc. with benefits....

the handouts won't go forever

 

[Hakikat ve Hikmet]

the handouts won't go forever

These aren't handouts!!!! These are some tokens of gratitude of the deep commitments they have for one another....

What are friends for???