‘Pakistan headed towards another IMF bailout’

[Stephen Cohen]

Whether we agree or disagree on this report in the end we are in depth

The people who were speaking at this Conference were very Experienced professionals

Read the article again to see who were those people speaking at that conference

Then open your eyes read it carefully that figure includes internal and external debt.

The external debt of Pakistan has crossed 73 Billion dollars

 

[Major Sam]

The people who were speaking at this Conference were very Experienced professionals

Read the article again to see who were those people speaking at that conference



The external debt of Pakistan has crossed 73 Billion dollars

i provided you statistics from state bank of Pakistan but its upto u to live in denial and prove your self as a pure indian.
cheers

 

[Stephen Cohen]

i provided you statistics from state bank of Pakistan but its upto u to live in denial and prove your self as a pure indian.
cheers

Why dont you first understand the meaning of Government Guarenteed Private debt

 

[Dzz]

Then open your eyes read it carefully that figure includes internal and external debt.

The only thing you have proved is your butt hurt , I posted the exact source from the site he was using , there was no category for internal debt /external debt .

 

[Stephen Cohen]

@Major Sam you should know how the Forex markets work

Why is out flow from Pakistan higher than inflow

Because Right now dollars are available so foreign investors are taking out profits

When ever the inflows dry out in future There will be a mad scramble for dollars

All non guarenteed investors will want to take out their money

The Forex reserves will come down as it happened in 2013 and the Govt of Pakistan
will be forced to approach the IMF again

This is what was told by YOUR own economists at that conference

 

[Major Sam]

Why dont you first understand the meaning of Government Guarenteed Private debt

but if you look in the figures not all debt is guaranteed, may be u can add few more billions in public debt thats all. but still total is not 73B Usd

 

[SR-91]

https://www.thenews.com.pk/print/146888-Domestic-debt-liabilities-up-by-80pc-in-three-years

 

[Stephen Cohen]

but if you look in the figures not all debt is guaranteed, may be u can add few more billions in public debt thats all. but still total is not 73B Usd

The premise of the conference is why Pakistan will have to approach the IMF again

It was a scenario building exercise

The outflows in the coming years will be heavy with a HUGE trade DEFICIT
and repayment of Euro bonds ;Sukuk bonds ; IMF loans and
finally Paris Club debt which wasRE scheduled after 9/11

But inflows are meagre even with CPEC and remittances

Add to that the repatriation of profits by existing investors

The one time inflows such as 3G / 4G auction and Saudi Grants are not going to happen again

So the forex reserves which have been built up by BORROWING will deplete slowly
leading to an IMF loan again

 

[jha]

What a waste of time. Pakistan's economy is as strong as ever. With Ishaq Dar at helm, things can only go upwards.

 

[Super Falcon]

Ishaque dar tera mou kala nawaz Sharif tu bhai mulk ka dushman

 

[Kraitcorp]

From where you have studied your matriculation?

how come with GDP of 295B usd , our debt become 55% of GDP.

Let me teach you simple math.

62/295 x 100 = 21%

Please start reading math basics, It will help you in increasing your knowledge.



Private debt is private debt which includes borrowing by banks, foreign nationals deposits etc

Please see here
Debt as % of GDP 54.79%

http://www.nationaldebtclocks.org/debtclock/pakistan

 

[livingdead]

does not matter if your debt is smaller than indian or japanese.. what matters is when it comes to paying back... have you got the money?
have you got any debt(short or long term) to pay back this year?

 

[Thəorətic Muslim]

Yes debt figures are incorrect , and comapred to US national debt or Japan , our debt is very tiny

Having debt isn't a bad thing. It becomes bad when you're unable to pay the amounts back.

but if you look in the figures not all debt is guaranteed, may be u can add few more billions in public debt thats all. but still total is not 73B Usd

Government Guaranteed Debt is a loan that the Government guarantees to make sure is paid back. It can be said that all debt taken up the a Government is essentially GGD, any default or renegade will result in no State or financial entity providing further loans. And the State which you piss off will make sure to get even.

Because Right now dollars are available so foreign investors are taking out profits

There's nothing that says it's foreign investors. If you understand how the large economy works, you'll figure it out.

Most of Pakistan's Forex is made up from loans or handouts from Saudi.

$6.6 IMF,
$3/4 from Bonds?
~$5 China
$1.5 Saudis
$1 WB
~$2.6 CSF
Someone add the loans from the ADB, IDA
And now i'm to tired to continue adding up numbers, and the numbers provided are not a total tally. (Other than IMF and CSF)

 

[shah1398]

Then open your eyes read it carefully

Thats the difficult part for those who always nod their head sideways

 

[SBD-3]

Pakistan's reserves are comfortable enough to meet next two year's debt serving without hitting any dangerous level. A significant amount of debt is that of rollover debt where Pakistan only ends up paying interest while the principal payment is on the discretion of GoP. Most of the people wouldn't know but MinFin has already taken a good initiative of hedging the debt payments when the currency markets were weak.
Dr.Shahid Hassan's caliber is of such scale that in a GARP event he went as long as saying that the SBP has failed to control inflation alongside mentioning higher international fuel prices. Only to be reminded by the audience that SBP doesn't target the headline inflation which includes the energy basket but rather the Core measure
The major risks right now are depressed commodity prices and risks of uptic in oil prices. Commodity prices are improving which should help the BoP.