Pakistan Gets $1.02 Billion for Habib Bank Stake :WSJ

[black-hawk_101]

india has foreign reserves of 350 bn dollar and external debt of 458 bn dolla.
Though not related to this thread, but i dont know why i wrote that.

Listen plz tell me who are the buyers investors, any specific corporation??who are those foreign buyers?

What does DEBT means? Like they have loss?

 

[Shamain]

What does DEBT means? Like they have loss?

Debt here means borrowed sum and has interest on it too. Sum borrowed from foreign lenders. Imf, world banketc etc.
Visit indian defence or finance ministry site entire breakdown for ur persusal.

 

[black-hawk_101]

"A plan to sell a portion of the government’s stake in the Oil and Gas Development Co. Ltd., the country’s largest oil and gas business, for $800 million was abandoned in Novemberbecause of poor investor demand."

Retarded gov waited too long to sell oil&gas shares.

Better to sell in Stocks. I am sure there are millions of small share holders in the local market.

Debt here means borrowed sum and has interest on it too. Sum borrowed from foreign lenders. Imf, world banketc etc.
Visit indian defence or finance ministry site entire breakdown for ur persusal.

So it means they have to pay back more than what they have earned. Right?

Also, how much Debt does Pakistan have and how much does Govt. owned and how much money is of local people and companies that makes up the foreign reserves of Pakistan.

 

[Shamain]

Better to sell in Stocks. I am sure there are millions of small share holders in the local market.



So it means they have to pay back more than what they have earned. Right?

Also, how much Debt does Pakistan have and how much does Govt. owned and how much money is of local people and companies that makes up the foreign reserves of Pakistan.

Officially stated foreign debt of ours is around 60 billion dolla something and foreign reserves total sum that i know is around 16 billion dolla.

 

[black-hawk_101]

OK. So as Pakistan is privatizing its companies. Does we planned to send this money directly to the lenders instead of putting it in reserves???

 

[SipahSalar]

You don't sell very profitable assets, when govt announced it's privatization policy, there was only mention of selling assets that were incurring a loss. This is a very bad idea and we should stop being excited for nothing.
Please read through this thread.
Selling geese that lay the golden eggs

 

[livingdead]

wow..its so easy for pak govt..just went to market and sold..
in India opposion and employee union would have done strike..dharna and what not.

 

[SBD-3]

wow..its so easy for pak govt..just went to market and sold..
in India opposion and employee union would have done strike..dharna and what not.

Because employee unions in Private banks have been scrapped. HBL is a private controlled banks and private owners don't like unionized staff.

"A plan to sell a portion of the government’s stake in the Oil and Gas Development Co. Ltd., the country’s largest oil and gas business, for $800 million was abandoned in Novemberbecause of poor investor demand."

Retarded gov waited too long to sell oil&gas shares.

PPL was sold to market at 219, its trading at 163 now
ABL was sold to market at 110, its trading at 103 now.
Banks and Oil production companies have faced tough time amid falling interest rate and crude price. Even the residual sale of PPL to general public was scrapped because of very low market prices.
OGDC is trading at ~170 now, while it was trading at 280 in mid Nov when PPL was offered for offloading.