Well done !!!!! Keep it up. IMF and America along with Trump will take their tax payers loans forcefully in upcoming year (They are not our servants but they are our Masters) and we will hear you people cries of agony. Nawaz and all the corrupt people will fly out of the country and live their life peacefully and perfectly.
If you search "Top ten country which owes IMF ? ", you will get the answer:
Of the total amount owed to IMF as on May 31, the 10 biggest borrowing countries, including Portugal, Greece, Ukraine, Ireland and Pakistan, owed $72.4 billion, or nearly 86% of the total amount lent.Jul 6, 2015
And if you search another question which is "What will happen if a country defaults to pay loans to IMF?", and in answer they put the example of Greece in front of us.
A: Failure to pay the IMF would entitle some of Greece's other creditors, including the European bailout fund, to declare a default. They would then have the option to demand immediate repayment of all their loans, a process known as acceleration. ... Each creditor decides on its own. Greece defaulted on June 30 2015.
People should clear this rubbish thought (which they are proudly considering) out of their minds that a Qatari, Saudi or a prince from Kuwait will come and pay our loans. We will have to pay all these massive loans ourselves.
Pakistan Total External Debt:-
External Debt in Pakistan increased to 72978 USD Million in the second quarter of 2016 from 69558 USD Million in the first quarter of 2016. External Debt in Pakistan averaged 50697.07 USD Million from 2002 until 2016, reaching an all time high of 72978.00 USD Million in the second quarter of 2016 and a record low of 33172.00 USD Million in the third quarter of 2004.
Woww so dramatic... we have been hearing about this since ages, but Pakistan is right here.
You want to talk about our loans
Well done !!!!! Keep it up. IMF and America along with Trump will take their tax payers loans forcefully in upcoming year (They are not our servants but they are our Masters) and we will hear you people cries of agony. Nawaz and all the corrupt people will fly out of the country and live their life peacefully and perfectly.
If you search "Top ten country which owes IMF ? ", you will get the answer:
Of the total amount owed to IMF as on May 31, the 10 biggest borrowing countries, including Portugal, Greece, Ukraine, Ireland and Pakistan, owed $72.4 billion, or nearly 86% of the total amount lent.Jul 6, 2015
And if you search another question which is "What will happen if a country defaults to pay loans to IMF?", and in answer they put the example of Greece in front of us.
A: Failure to pay the IMF would entitle some of Greece's other creditors, including the European bailout fund, to declare a default. They would then have the option to demand immediate repayment of all their loans, a process known as acceleration. ... Each creditor decides on its own. Greece defaulted on June 30 2015.
People should clear this rubbish thought (which they are proudly considering) out of their minds that a Qatari, Saudi or a prince from Kuwait will come and pay our loans. We will have to pay all these massive loans ourselves.
Pakistan Total External Debt:-
External Debt in Pakistan increased to 72978 USD Million in the second quarter of 2016 from 69558 USD Million in the first quarter of 2016. External Debt in Pakistan averaged 50697.07 USD Million from 2002 until 2016, reaching an all time high of 72978.00 USD Million in the second quarter of 2016 and a record low of 33172.00 USD Million in the third quarter of 2004.
1. Tell this story to someone below the age of 20. he will believe you and vote PTI.
People with some knowledge would ask why Pakistan did not fail when it had 61 Billion dollar external debt in 2012.
when it had 57 billion dollar debt in 2010.
when it had 45 billion dollar in 2008
and before...
This is just another hype of the facts.
2. Pmln took 11 billion dollar loan in last 3 and half years and returned 10.7 billion dollar back to IMF.
(KARACHI: Pakistan paid $5.3 billion in debt servicing during the fiscal year 2015-16, the State Bank of Pakistan (SBP) said on Thursday, as compared to $5.417bn in the preceding fiscal year) - Dawn
Moreover, since it is clear that the debt hype given by media is not the fault of pmln, but of previous govts.
3. If really, debt was the fundamental reason for countries to fail, then many big countries would have failed by now.
External debts of different countries.
US- 19600 Billion Dollar
UK- 9591 Billion Dollar
France- 5750 Billion Dollar
Germany- 5546 Billion Dollar
Luxemburg- 3472 Billion Dollar
Italy- 2651 Billion Dollar
Australia-1391 Billion Dollar
Purtugal- 548 Billion Dollar
India 485 Billion Dollar
Brazil 423 Billion Dollar
Turkey 405 Billion Dollar
Greece 360 Billion Dollar
Ireland 263 Billion Dollar
Ukrane 142 Billion Dollar
---Pakistan 72 Billion Dollar---
(To Confirm, search these countries external debt separately and you will find many links to prove these statistics right.)
Do you see where is Pakistan as compared to successful and failed countries?
Pakistan should take more loans and get its industry into shape. Every business is run with finance and no one could have become a billionaire without taking loans or doing corruption.
So plz stop this event-less narrative that Pakistan is going to default, IMF is not ARY