HAIDER
ELITE MEMBER
- Joined
- May 21, 2006
- Messages
- 33,771
- Reaction score
- 14
- Country
- Location
Do you know how much Pakistan has to pay in 2023,2024,2025 ????? only two options.This is bad I think we are entering hyperinflation period.
The rupee has no ceiling now. It will just keep increasing. I guess people will always ask the question- how will you pay back the 20-25$ bn payment that is due for every year for the next three years if you are not even running a positive primary CAD?
The closest equaivalence to this was what happened in Turkey in the 90s. The military there did a soft coup against Erbakan. He played it smart. The follow up govt could not handle the economy. There was hyperinflation after which AKP got the mandate.
I think something like that might be playing out here.
1. IMF forgives all loans.
2. cut massive imports and increase massive exports up. Which is not possible.
Pakistan to pay back $100 bn to China by 2024
By Obaid Abrar KhanSeptember 29, 2017
ISLAMABAD: Pakistan has to payback $100 billion to China by 2024 of total investment of $18.5 billion, which China has invested on account of banksā loan in 19 early harvest projects mostly relating to energy sector under China Pakistan Economic Corridor (CPEC).
The sources in Chinese Embassy told āThe Newsā that loans which China had given to Pakistan were considered as concessional loans, having special subsidy from the Chinese government. These loans are not the burden on Pakistan economy, as these constitute only 1.1 percent of total Pakistan foreign debt.
The sources said that Chinese financial assistance to Pakistan made a big contribution in strengthening Pakistanās economy. Four years back GDP of Pakistan was 3.6 but now it reached 5.2, this reflected the fact that CPEC has played a major role in the economy of the country,ā sources added.