Pakistan's economy was deliberately destroyed by Pmln: Dr Ashfaq Hassan

[Muhammad Omar]

Ok Nihari overdose. Here is where PMLN loans go:
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It is to pay for annual 10 billion USD debt repayments as left by your great convicted criminal leader Ganju Sharif
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Pakistan signed up for $10.5bn foreign loan in FY20

Country received $10.7bn in foreign assistance during same period.

www.dawn.com

LOL and you believe PMLN government didn't paid any debt but just keep on borrowing oh well PMLN returned $20 Billion USD from 2013 to 2018.

Mr. Asad Umer: (a) Government obtained foreign loans amounting to US$ 42.1 billion during July 01, 2013 to March 31, 2018 while repayments were recorded at around US$ 20 billion during this period. Therefore, net mobilization of foreign loans was US$ 22.1 billion during the stated period.

So PMLN government took $42 Billion and paid $20 Billion.

Now again from the senate report,

Mr. Asad Umer: (a) The amount of US$ 69.174 billion foreign loans obtained by the Government of Pakistan since 2008 to 2018. Year wise and country / organization wise break up is at Annex-I.
(b) The amount of US$ 47.08 billion foreign debt repaid by the Government during the said period.

Only a person with pea size brain will think that PMLN and PPP just borrowed and didn't paid back only PTI is paying back. Like I said in the start every government takes new loans to pay back previous loan the current government doing the same only if you could read

 

[ziaulislam]

i can understand the poor and uninformed supporting PMLN and PPP. i dont get how the educated middle class still support these people.

Poor dont support PMLN its educated class

P

Don't think it will take 2 terms to fix economy.
Musharraf inherited (or rather took) the economy in a much worse condition then did Imran khan. Not sure, but Musharraf fixed the economy in 4 years, thereafter we saw 7% growth. So after 2023 we shall grow massively.

And he gave it back to same people

 

[Norwegian]

LOL and you believe PMLN government didn't paid any debt but just keep on borrowing oh well PMLN returned $20 Billion USD from 2013 to 2018.

Oh wow PMLN returned 20 billion USD between 2013 and 2018 while PTI is returning 20 billion USD between 2018 and 2020. Get the picture how much more indebted Pakistan was left by your Mian Saanp? From 4 billion USD a year in debt repayments to 10 billion USD a year.

 

[Muhammad Omar]

Yes, Khan is doing great work considering country was bankrupt by your Daku leader Nawaj Sharif
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‘Bankrupt’ Pakistan Grid Adds to Khan’s Economic Quandary

Pakistan’s energy distribution system has already collapsed.

www.bloombergquint.com

LOL they always put you in negative side when you have more loans or liabilities to pay than your Forex reserves or when you are maintaining your reserves by taking loans the current government is still doing the same would have been worse if you add $3billion grants given by China to repay Saudi loans

 

[Norwegian]

Only a person with pea size brain will think that PMLN and PPP just borrowed and didn't paid back only PTI is paying back. Like I said in the start every government takes new loans to pay back previous loan the current government doing the same only if you could read

Debt repayments were only 1 billion USD a year during Musharraf. It increased 4x during Zardari Daku. And 10x under your Mian Saanp.

LOL they always put you in negative side when you have more loans or liabilities to pay than your Forex reserves or when you are maintaining your reserves by taking loans the current government is still doing the same would have been worse if you add $3billion grants given by China to repay Saudi loans

PTIs net debt is still lower than your fantastic and expert PMLN

https://twitter.com/x/status/1339875678313996288

Net addition to Pakistan's external public debt during PTI government first year lowest in last three years

*ISLAMABAD: The net addition to external public debt during fiscal year 2018-19 was only $2.29 billion, which is the lowest in the last three years, said the

timesofislamabad.com

 

[Muhammad Omar]

Oh wow PMLN returned 20 billion USD between 2013 and 2018 while PTI is returning 20 billion USD between 2018 and 2020. Get the picture how much more indebted Pakistan was left by your Mian Saanp? From 4 billion USD a year in debt repayments to 10 billion USD a year.
View attachment 713218

That's because of imports of machinery and equipment from the other countries also import of Japanese cars was very high which the current government banned to reduce the debt servicing

Currently the machinery imports has gone down
Import of Japanese cars gone down
Steel import gone down
Construction equipment import gone down just compare the imports you'll get your answer

No projects no imports external debt will reduce automatically even shabbat Zaidi said this is temporary

Debt repayments were only 1 billion USD a year during Musharraf. It increased 4x during Zardari Daku. And 6x further under your Mian Saanp.

PTIs net debt is still lower than your fantastic and expert PMLN

https://twitter.com/x/status/1339875678313996288

Net addition to Pakistan's external public debt during PTI government first year lowest in last three years

*ISLAMABAD: The net addition to external public debt during fiscal year 2018-19 was only $2.29 billion, which is the lowest in the last three years, said the

timesofislamabad.com

Good work Hope they reduced the inflation as well heheh

 

[Norwegian]

That's because of imports of machinery and equipment from the other countries also import of Japanese cars was very high which the current government banned to reduce the debt servicing

Currently the machinery imports has gone down
Import of Japanese cars gone down
Steel import gone down
Construction equipment import gone down just compare the imports you'll get your answer

No projects no imports external debt will reduce automatically even shabbat Zaidi said this is temporary

Exactly. So why was Mian Saanp importing that much when exports were going down? You just proved how PMLN deliberately destroyed economy and bankrupted Pakistan.

 

[WinterFangs]

It confuses me how nawaz sharif lovers in this forum are still trying to bring this all into Imran Khan. Where is Imran Khan mentioned, this thread is mentioning pmln why is Imran Khan always in your minds. You want to give a kiss to nawaz sharif in the cheeks go ahead no need to mention it here.

 

[Patriot forever]

That's because of imports of machinery and equipment from the other countries also import of Japanese cars was very high which the current government banned to reduce the debt servicing

Currently the machinery imports has gone down
Import of Japanese cars gone down
Steel import gone down
Construction equipment import gone down just compare the imports you'll get your answer

No projects no imports external debt will reduce automatically even shabbat Zaidi said this is temporary

Good work Hope they reduced the inflation as well heheh

Machinery imports was only a small fraction. This topic has been discussed to death.

Net increase this financial year is just 115b Rupees in external loans.
Since we have a current account surplus the amount is mostly interest payment on existing loans.

 

[Muhammad Omar]

Exactly. So why was Mian Saanp importing that much when exports were going down? You just proved how PMLN deliberately destroyed economy and bankrupted Pakistan.View attachment 713220
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because of Many electricity and other projects which were underway
Pakistan needed construction machinery at that time power plant equipments etc

Yes they should have banned the cars and other non important stuff which they lacked or didn't cared about to reduced the current account deficit with every pros of the government there are cons and PMLN government has cons as well

 

[syedtalhamaududi]

It confuses me how nawaz sharif lovers in this forum are still trying to bring this all into Imran Khan. Where is Imran Khan mentioned, this thread is mentioning pmln why is Imran Khan always in your minds. You want to give a kiss to nawaz sharif in the cheeks go ahead no need to mention it here.

Did you manage to get through to IK telephone service beta

 

[Muhammad Omar]

Machinery imports was only a small fraction. This topic has been discussed to death.

Net increase this financial year is just 115b Rupees in external loans.

If we even neglected the machinery than the cement was being imported form China and steel for the Construction you maybe have seen many pictures of ships bringing in construction materials and were being unloaded at Gwadar and Karachi Port

I also mentioned cars imports which was close to $3 billion at that time and many other stuff including edible oil cotton etc etc

 

[Norwegian]

Good work Hope they reduced the inflation as well heheh

Hell with inflation. Any idea how much inflation there would be if Pakistan declared itself bankrupt following Ishaq Dollar policies?

Argentina Defaults on Sovereign Debt Amid Coronavirus Crisis

The Latin American country defaulted on sovereign debt for the ninth time in its history, as it grapples with a new cycle of economic contraction, runaway inflation and a hard-currency squeeze exacerbated by the coronavirus pandemic.

www.wsj.com

 

[Muhammad Omar]

Hell with inflation. Any idea how much inflation there would be if Pakistan declared itself bankrupt following Ishaq Dollar policies?
View attachment 713228

Argentina Defaults on Sovereign Debt Amid Coronavirus Crisis

The Latin American country defaulted on sovereign debt for the ninth time in its history, as it grapples with a new cycle of economic contraction, runaway inflation and a hard-currency squeeze exacerbated by the coronavirus pandemic.

www.wsj.com

I'm not completely supporting the policies of Ishaq dar

 

[Norwegian]

Yes they should have banned the cars and other non important stuff which they lacked or didn't cared about to reduced the current account deficit with every pros of the government there are cons and PMLN government has cons as well

Or they did that deliberately to put economic mess on next government?