Pakistan seeks waiver of $50 bn foreign debt

[Peacefulll]

Agree with Desiman above. In many ways, international finances are similar to day to day layman banking. If your 'credit worthiness report' is bad, you will have a tough time obtaining loans in the future, and loan waivers or loan defaulting doesn't do any good to a nation's credit-worthiness.

 

[r3alist]

will be interesting to see how indians respond to this (probably not) - they do after all say they want an economically strong pakistan so the proof is "in the pudding", can indians transcend themselves

 

[StingRoy]

will be interesting to see how indians respond to this (probably not) - they do after all say they want an economically strong pakistan so the proof is "in the pudding", can indians transcend themselves

It doesn't matter what Indians think about responding to this or not... It is about how you earn respect and stand out in the international community thats all.

 

[PakSher]

That's absolutely a BS. Zardari is buying palaces, landlords are not paying taxes, your elite is not ready for tax reforms. Angelina Jolie, Hillary Clinton have spoken against the feudal tax system many times by now. So your solution is writing off the debt? Great attitude.

And does anyone get that borrowing money & not returning is equivalent to theft?

Laloo Parsaad and all CMs in India are more corrupt than Pakistan. This is from Indians that work with me, so you cannot say it is not true.

Corruption in India: Indian Politicians

The tales of Indian corruption are listed in the link above.

 

[xenia]

^^dont get why every thread is haijacked on pdf n turned into pak-india bashing thread ven when its least wanted..

 

[r3alist]

It doesn't matter what Indians think about responding to this or not... It is about how you earn respect and stand out in the international community thats all.

now you care about our respect when we could have 50 billion debt waived?? so typical.


india wanting an economically strong pakistan is the biggest joke going, indians do not want this and it IS not in india's interest to have an economically prosperous pakistan.

 

[RobbieS]

But another part hopes that Pakistan does get a waiver and they use this opportunity wisely to clean up the domestic mess. And for that to happen, the much maligned and blamed, US of A would have to pull some strings, wont it?

 

[Storm Force]

Pakistans $58 billion debt did not arise due to WOT.

It arised because the dictators, theives calling them selves politicians raped the nation and grossly mismanaged their assets.

With regards combating terror " who placed near pakistan" in the first place.

Before Pakistan asks the ENTIRE WORLD to give up $58 billion DO you not think Pakistan SHOULD GIVE UP is $ billions SPENT on nuclear weapons and military hardware FIRST.

 

[StingRoy]

now you care about our respect when we could have 50 billion debt waived?? so typical.

I said I don't care much if you get your $50b loan waived off... it just ruins your credibility to get more loans in future ... ever heard about credit history? If you do get it waived, it is all good too. But I sure do hope that it does not ruin the chances of getting future loans.

See there are two aspects to getting money into the country. One is through loans (soft loans lets say) where the lendee makes a commitment to pay back with minimal interest and the other through grants and aid. All I am saying is if you make a commitment stick to it.
Best you can ask for is for deferral of payment until things are better economically.

 

[xenia]

Pakistans $58 billion debt did not arise due to WOT.

It arised because the dictators, theives calling them selves politicians raped the nation and grossly mismanaged their assets.

With regards combating terror " who placed near pakistan" in the first place.

Before Pakistan asks the ENTIRE WORLD to give up $58 billion DO you not think Pakistan SHOULD GIVE UP is $ billions SPENT on nuclear weapons and military hardware FIRST.

AMAZING enviable analysis!!
we give up $s spent on nuclear weapons..come on bring ur truck n take the nukes away
remmber "atom for peace" programme??

 

[r3alist]

DO you not think Pakistan SHOULD GIVE UP is $ billions SPENT on nuclear weapons and military hardware FIRST.

so you want pakistan to stop existing?

 

[Gin ka Pakistan]

That's absolutely a BS. Zardari is buying palaces, landlords are not paying taxes, your elite is not ready for tax reforms. Angelina Jolie, Hillary Clinton have spoken against the feudal tax system many times by now. So your solution is writing off the debt? Great attitude.

And does anyone get that borrowing money & not returning is equivalent to theft?

I totally agree with you as you said "anyone get that borrowing money & not returning is equivalent to theft?" . In Islam any person who take loan with the will that he or she will not return it will not be bless with Namaz-e- Janaza. Pakistan has to fix the culture of corruption and not paying taxes by the rich class. Thanks God, MQM is against the new tax.

What the guaranty that Pakistan not be in economic mess again in ten years as it will have the same corrupt landlords and elite's, they will not waste ant time to borrow again (bad habit die hard) , to over come deficits.

West should look for honest partners in WOT both in Pakistan and Afghanistan as dishonest partners will blackmail them again and again that if you would not help us then extremist will come in power.

 

[r3alist]

I said I don't care much if you get your $50b loan waived off... it just ruins your credibility to get more loans in future ... ever heard about credit history? If you do get it waived, it is all good too. But I sure do hope that it does not ruin the chances of getting future loans.

See there are two aspects to getting money into the country. One is through loans (soft loans lets say) where the lendee makes a commitment to pay back with minimal interest and the other through grants and aid. All I am saying is if you make a commitment stick to it.
Best you can ask for is for deferral of payment until things are better economically.

the less we rely on loans the better, pak needs to stay away form the sharks at the IMF

 

[desiman]

desiman plz come n monitor our economy..

i can you just need to pay me well lol

 

[xenia]

I said I don't care much if you get your $50b loan waived off... it just ruins your credibility to get more loans in future ... ever heard about credit history? If you do get it waived, it is all good too. But I sure do hope that it does not ruin the chances of getting future loans.

if it puts a full stop to future loans, i ll b glad..pakistan should learn to generate money from its own resources instead of relying on loans..regarding credidbilty i care to disagree..loan waivers n individual defaults are different things..there are countries who got their loans written off n have no issue of credibility..

See there are two aspects to getting money into the country. One is through loans (soft loans lets say) where the lendee makes a commitment to pay back with minimal interest and the other through grants and aid. All I am saying is if you make a commitment stick to it.
Best you can ask for is for deferral of payment until things are better economically.

with more loans things are going to deteriorate here, more mess for future generations so need to stop it now...