VCheng
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Don't worry. I am sure that Riaz Haq will be around trumpeting "All is Well!" soon enough.
Multiply the size of the economy by adding in an inflated underground economy. Sprinkle in the magic of a skyrocketing stock market. Add selected opinions of obscure "experts" who feel bullish about the economy. Put in a few links of self-promoting Youtube videos.
Viola! All economic problems are solved.![]()
I have no idea what you are trying to say here.
A little confused.. A few months back Pakistan's external debt used to be in the range of $60 billion. Today I see it reported as $65 billion.
News | Business News | Current News | Latest World News | Current World News | Pakistan News
How come the debt is going up despite such hefty loan payments being made ?
Its the circular debt.They are borrowing more money to pay off their debt.Its like using credit cards to pay off mortgage.
Pakistan's caretaker government is again negotiating for $5 Billion loan from IMF.
Pakistan's caretaker government is again negotiating for $5 Billion loan from IMF.
Nah,They don't have the balls to deal with this issue.Only new govt can do it.
It is a matter of whether a caretaker government has the mandate to make such long term financial commitments, since it exists mainly to hold elections and transfer power.
Of course they have the mandate.They can even prepare a short budget if necessary.If the country is facing a BoP crisis they are expected to do everything necessary including a securing a foreign loan .The thing is that the conditions of the IMF bailout will be highly controversial they won't be able to handle the heat.
A little confused.. A few months back Pakistan's external debt used to be in the range of $60 billion. Today I see it reported as $65 billion.
News | Business News | Current News | Latest World News | Current World News | Pakistan News
How come the debt is going up despite such hefty loan payments being made ?
The present caretaker government has one mandate to hold the elections. Long term financial planning is not its mandate.
Then you are gravely mistaken.Caretaker Govt does have the power to make crucial financial commitments,if it's absolutely necessary.Read this.
An opportunity: Funds from the US and IMF | Newspaper | DAWN.COM
The negotiations will continue, but the final commitments will be made by the elected government after deliberation and approval, not the caretaker.