Pakistan's Goodbye to IMF

[iPhone]

Complete waste of time to reply him!! He will keep posting BS from his Rant Blog!!

yay!!!

Complete waste of time are you guys who poke your nose into every thread.

 

[Safriz]

According to CIA world book....Pakistan is still miles behind india in terms of accumulated national debt.
Among 100 countries,Pakistan ranks 51st with only 60 billion dollars of national debt...and india is 28th with many hundreds of billions.
even srilanka has lesser national debts than india and even pakistan and stands way down the list at number 75.
At the bottom are the least debtex nations and alsl the most condemnen such as Libya and Iran....who are virtually debt free.
ever wondered why qaddafi was removed? because he wont let the libayan wealth fall into the hands of capitalists who thrive on earnings via compound interest payments , and Qaddaffi refused to fall in this trap.

on topic..pakistans debt at 60 biikn isnt bad at all ... there are worse horror stories around the world...suvh as euro zone debt of 13 trillion....Greek debt of 419 billion which is way too mich for a sma vluntry with not much industry and resources..
on the other hand Pakistan is super rich in natural resources which can be exploited at any time in future...if not now.

 

[Rang De]

^It's not about how much your debt is, it's about ability to pay your debts.

 

[mitth]

Pakistan Good take good decision.............

 

[untitled]

Pakistan Good take good decision.............

Yes but for how long ?

 

[airuah]

indians have more pain then us abut our economy yaar kitny achy hain dekho to sahi .

thats true....Indians are worried abt your economy than you....that is exactly the problem in Pakistan...."you guys dont worry about your economy" while the entire world is worried.......stop your blind patriotism here and start to worry about your economy a little bit more ...it would do wonders for Pakistan which is betten than some cheap short time satisfaction you get by posting stupid posts l.....

 

[Safriz]

^It's not about how much your debt is, it's about ability to pay your debts.

you are wrong..its about how much money you can make for your creditors in compound intetest....
same as a credit card...banks upgrade your credit rating if you keel paying credit card fees and interest...but downgrade your rating if you pay off your credit card and stop using it.

likewise capitalist system.is very happy when you borrow money from them and keep paying compound interest hich over time becomes more than the actual loan and the loan amount remains to be paid.
the capitalists get angry if you dont borrow from them.

at this time india is going through the same phase....
capitalistd lenfing money.india keeping up with the payment of interest.....capitalists lending more...india psying more interedt....and the original loan stands unpaid....eventually india eill rnd up withtilns of follars of loans and hundreds of billions interest payments.
inadvertantly...pakistan has pulled out of this vicious circle....and thats good

---------- Post added at 01:23 PM ---------- Previous post was at 01:21 PM ----------

thats true....Indians are worried abt your economy than you....that is exactly the problem in Pakistan...."you guys dont worry about your economy" while the entire world is worried.......stop your blind patriotism here and start to worry about your economy a little bit more ...it would do wonders for Pakistan which is betten than some cheap short time satisfaction you get by posting stupid posts l.....

true the rich nations of tbe wotld are worried..because they are losing a potential market for ther loan/compound intetest circle of making money.

 

[mitth]

Yes but for how long ?

i pray that this decision for always.............

 

[RoYaL~GuJJaR]

Complete waste of time are you guys who poke your nose into every thread.

What goes around comes around...

 

[KALKI]

Nonsense!

Such BS from you only discredits you, and no one else!

Afghanistan has almost no legitimate exports and current account deficits as far as the eye can see!

It's under military occupation and essentially a narco economy.

Mr. Haq, Google is your friend. Afghanistan has more current account balance than both India and Pakistan.

Now please go and open Economics 101. I'm not here to educate you free of cost.

One word of hint: Sometimes it pays to use mind too alongwth one's eyes.

 

[TechMan]

I think this is nothing but a drama because next year is election year and they need something to show to people. I think they will use it as chest thumping during elections that "hum nay kashkol tor dia"

 

[RiazHaq]

^It's not about how much your debt is, it's about ability to pay your debts.

India runs huge trade and budget deficits and therefore heavily dependent on foreign inflows of loans, FDI and FII to drive its economic growth and to meet its debt obligations....not very different from Greece and other nations depending on foreign inflows. And we all know how quickly Greek economy went from being healthy to being very sick....and how many Western economies in the twin-deficit club are also suffering now.

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India
------------
Since 2007–08, the fiscal deficit has increased to around 6.5 to 7 per cent of India’s GDP, subsequently leading to a combined federal and state deficit of over 10 per cent of GDP in 2009–10. The actual numbers are higher, by at least 1 per cent, as some items were kept off the balance sheet.

India

 

[danger007]

India runs huge trade and budget deficits and therefore heavily dependent on foreign inflows of loans, FDI and FII to drive its economic growth and to meet its debt obligations....not very different from Greece and other nations depending on foreign inflows. And we all know how quickly Greek economy went from being healthy to being very sick....and how many Western economies in the twin-deficit club are also suffering now.

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India
------------
Since 2007–08, the fiscal deficit has increased to around 6.5 to 7 per cent of India’s GDP, subsequently leading to a combined federal and state deficit of over 10 per cent of GDP in 2009–10. The actual numbers are higher, by at least 1 per cent, as some items were kept off the balance sheet.

India

orey ne amma endi ne sodi lolli.

 

[Farooq]

With all due respect brother Riaz Haq,

I for one want to see a prosperous Pakistan, but you are living in a fools paradise.

Yes, there may be miniscule improvements in the Pak economy, but your posts of positive news are like complimenting the kitchen sink while your house is burning down.

I am not an economy expert, however an average person does understand the following things that need to be done to improvement the conditions in Pakistan:


1) Ending corruption- get rid of the crooks in government & clamp down on corruption by appointing a neutral, honest & tough person to head NAB

2) security - military courts for terrorists & handed the death penalty if proven guilty as the SC has failed in this matter

3) taxation - tax the wealthy and corporations & empower the tax collection revenue service headed by a neutral, honest and tough person

4) create a special force to eliminate the terrorist infrastructure

5) redefine foreign policy and let our allies & foes alike know where we stand

6) ****bheek kaa piyalaa thordo aur apnay paerou pay keray ho******

 

[danger007]

riaz haq saying, pakistan have stronger economy and India have weak economy. all the best to riaz keep ur self up.