Pakistan’s external debt, liabilities shoot to record at $96.7b

[Norwegian]

Indian economy is 2.5 TRILLION (2500 billion) USD while your's is 200 billion. 100/200= 50% GDP debt while 500/2500=20% debt. Basic math, learn it.

You excluded national debt. Take it into consideration and debt to gdp of Pakistan is much closer to 70-80 percent.

 

[I FLY HIGH]

No new government can accumulate 100 billion dollars worth of external debt in mere 3 months. No sane person would believe that. Unless of course you are brainless patwari like @I FLY HIGH @Tameem @BATMAN

from 90 to 100 billion $ . 3000 to 4000 billion local debt is accumulated without spending on economy. just a performance of 3 months.

there is a difference between pre election politics and post elections politics, our entire race of politician make U turns even the recent biggest U turn was taken by NS in supream court where he simply disowned so called "Qatri Khat" prior entire case was built upon that letter ... did somebody talk about it ???? no where .. not at media nor any where in social circles, why duel standards for IK, NS and Zardaris??

generally our public is hasten by nature shadi kay dosray din he log pochna shoro kar daitay hain keh good news kab suna rahay ho ............ oo bahi wait karo thora

shadi ke doosray din dulhan keh day ke dulha se kuch nahee hota to log to batain karain gai.hahahhahaahaaa

 

[Canuck786]

Indian economy is 2.5 TRILLION (2500 billion) USD while your's is 200 billion. 100/200= 50% GDP debt while 500/2500=20% debt. Basic math, learn it.

We are not comparing ourselves with India at this time. We are trying to become a developed nation by 2050 and India is going to be a super power in 2020. Where is the comparison?

 

[Norwegian]

mostly spent on power projects 15000 mwatts installed capacity and cpec motorways /infrastructure, war against terror and previous debt servicing . These projects added to the capacity of govt and state to move into the right direction of economy and created the assets inside the country. these assets create business/job opportunities inside the country and pti govt has put the same power plants on top of the the privatisation list . Pakistan was turned around from blood shed /14 hours power cuts , shut down industry into a regular operating country

Regular operating country doesn't have balance of payment crisis after 5 years, MOFO.

 

[Nilgiri]

Even going by your own logic, India's external debt to GDP is like 20%
While Pakistan's is 31%.

And I do not think your nominal GDP would be 305 bn USD after all the devaluation in Pkr.

And considering your credit rating is junk and your industrial output is very low, comparing your situation with India doesn't seem a good comparison at all.

As of 2016, India's Industrial output in USD was 597 bn USD while Pakistan's was 50 bn USD.

https://www.indexmundi.com/facts/indicators/NV.IND.TOTL.CD/rankings

GDP is not really that great a denominator to use...since its basically mostly production/consumption...i.e stuff you really will not forego to borrow on that easily (though it does have more utility once you have developed markets)....though savings rate/GCF (since that is indeed consumption foregone for investment) offers some flexibility in the analysis of GDP as the denominator.

More apt denominator is market cap (since thats a physical indication of how much easily accessible net worth there is in the country) and also total wealth estimates etc (that isnt as relevant given much more serious things would have to be liquidated to get that).

 

[Mage]

We are not comparing ourselves with India at this time.

Nah, you are...

Whatever, as long as it isn't as much as India's external debt, which is 500B, it will be alright.

 

[N.Siddiqui]

Yea did consider it, 2.5 Tn GDP with 500 B external debt. to Pakistan's 305 B GDP with 95 B debt. And that's including all the martial laws and wars the country has suffered through. In the end I would say not bad, really a resilient nation.

And there is a huge informal undocumented economy which can easily be as big as the formal economy and this is a 2013 figure by DAWN, much higher now can top 550 to 600 billion USD nominal.


'This is substantially larger than previous estimates of between 30 per cent to 50 per cent (albeit using different methodologies). If correct, this implies that the overall size of Pakistan’s economy, both reported as well as unreported, is around $420 billion, with private consumption at current prices amounting to a whopping $365bn in 2012 (which would explain the consumption “conundrum” I have written about previously)'.


https://www.dawn.com/news/787833

 

[Canuck786]

Where did you learn basic economics? You can't artificially control the price of dollar. This is what Ishaq Dollar did and destroyed Pakistans economy.

Read my post again. This is what our current prime minister said. His economic sense is what matters right now.

 

[Norwegian]

from 90 to 100 billion $ . 3000 to 4000 billion local debt is accumulated without spending on economy. just a performance of 3 months.

LOL. There was hardly any money LEFT to spend in treasury by your genius administration. That's why first thing IK had to do was run around the world to get more loans, to pay existing loans taken by the former government. Your shamelessness knows no bounds.

 

[Nilgiri]

Lol..where does market cap at stock exchanges comes into foray...a superfluous thing with not many companies registered at the stock in Pakistan, debt is always measured with GDP to debt ratio.


India...

Government Debt to GDP in India is expected to be 69.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Government Debt to GDP is projected to trend around 70.00 percent in 2020, according to our econometric models.


https://tradingeconomics.com/india/government-debt-to-gdp




Pakistan...

Government Debt to GDP in Pakistan is expected to be 72.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan Government Debt to GDP is projected to trend around 74.00 percent in 2020, according to our econometric models.

https://tradingeconomics.com/pakistan/government-debt-to-gdp


a very minuscule difference of 2-3 percentage points...

GDP is not very useful as denominator (esp if you are developing country and have vast unaccounted production and liquidity sources) if you know how actual loan works on international market (and credit ratings based on that). Please refer to my earlier post I just made.

No sovereign or wealth fund for emerging markets simply goes by GDP figure of a developing country when indexing for example (given the GDP measurements are not qualitatively the same among them to begin with). They look at how much accessible liquidity there actually is.....there are many indicators for it....total market cap is just correlated to very many of them.

Using GDP is really only much more useful when we talk about developed nations that are already approaching theoretical optimum-leverage equilibrium (unlike developing countries....the very reason why they are called developing)

 

[Norwegian]

Read my post again. This is what our current prime minister said. His economic sense is what matters right now.

New government is no longer trying to control the price of dollar. Its better this way in the long run.

 

[I FLY HIGH]

LOL. There was hardly any money LEFT to spent by your genius administration in national treasury. That's why first thing IK had to do was run around the world to get more loans, to pay existing loans taken by all the former governments combined. Your shamelessness knows no bounds.

4000 billion tax collection in 2018 compared to 1950 billion pkr in 2013 . doubled the tax collection , secondly 16 billion USD left in the kitty . stupid minds plead that exchequer is empty. open up you minds tabdeeli followers.

 

[BRAVO_]

Indian economy is 2.5 TRILLION (2500 billion) USD while your's is 200 billion. 100/200= 50% GDP debt while 500/2500=20% debt. Basic math, learn it.

correct your figures Pakistan economy is more than 313.1 billion $ so the equation 313.13/91.7=29%

 

[Norwegian]

4000 billion tax collection in 2018 compared to 1950 billion pkr in 2013 . doubled the tax collection , secondly 16 billion USD left in the kitty .

Foreign reserves do not deplete on their own. All the loans and investments done during your regime required payments in external currencies, which Pakistan didn't have. Thus the current crisis.

 

[Canuck786]

New government is no longer trying to control the price of dollar. Its better this way in the long run.

Again that's not what he said yesterday in his press meet. He also said State bank didn't consult with him or he would have advised them not to do it. Although the finance minister said the state bank did inform the ministry. It's just lies, lies and more lies in this regime!