PTI govt paid back record $20b debt: PM Imran Khan

[Patriot forever]

Can he submit the documentation in the national assembly?

Presenting facts to PDM members in national assembly is like organizing chemistry class for animals. They are only there to eat and poop and make as much noise as possible.

 

[PAKISTANFOREVER]

Presenting facts to PDM members in national assembly is like organizing chemistry class for animals. They are only there to eat and poop and make as much noise as possible.

POTM!!!!!!!!!!!!!..............

 

[AgNoStiC MuSliM]

As long as Pakistani's external debt is raising instead of coming down, then all Imran is doing is taking loans to pay off loans. How does it matter how much he paid the debt when he paid it by borrowing? Let me know if Pakistan's external debt has come down because of it.

Guys - you know I can be as harsh as anyone when it comes to criticizing India, but the approach taken by some Pakistani members in response to the post quoted above was not acceptable.

The question should have been answered factually or ignored. This is how threads get ruined by our own Pakistani members on a Pakistani forum and mods have to spend our already limited time dealing with something that could have been easily avoided.

 

[El Sidd]

Presenting facts to PDM members in national assembly is like organizing chemistry class for animals. They are only there to eat and poop and make as much noise as possible.

It can be anything but this is procedure

 

[N.Siddiqui]

PTI govt paid back record $20b debt: PM Imran Khan
Web Desk On Feb 18, 2021

ISLAMABAD: Prime Minister (PM) Imran Khan has said that the Pakistan Tehreek-e-Insaf (PTI) government has paid back a record $20 billion debt in two and half years, ARY News reported.

Addressing a ceremony in connection with Roshan Digital Account crossing five hundred million dollars mark in remittances in Islamabad, PM Imran Khan said the country is overburdened due to record debts taken by the previous governments.

The prime minister expressed his pleasure over the record increase in the country’s exports at a time when the economies around the world were badly affected by the breakout of the pandemic.
He said our exports have been more than our competitors including India and Bangladesh and added our textile sector is witnessing a boom and new textile mills are being opened.

Terming overseas Pakistanis, the country’s biggest asset, he thanked them for bestowing their trust in the Roshan Digital accounts.
The premier said as many as 88,000 thousand overseas Pakistanis hailing from 97 countries of the world opened Roshan Digitial Pakistan accounts.

“Many Pakistani expats are still unaware about the program,” said the PM Khan and urged upon the need for the campaign on the electronic media to aware them of Roshan Digital Accounts.
The common people are overburdened due to the devaluation of the currency. We are taking the economy in the right direction. The past governments only given relief to the elites, he observed.

Roshan Digital Accounts

According to the SBP statement, the simplification of the taxation regime will give a further boost to the Roshan Digital Account scheme, which has already attracted considerable inflows from NRPs in the five months since it was launched.
The RDA is a flagship initiative of State Bank aimed at connecting overseas Pakistanis with Pakistan’s banking and payment system. Looking ahead, the SBP will continue its efforts towards making the policy, regulatory, business and taxation environment around RDA investor-friendly

PTI govt paid back record $20b debt: PM Imran Khan

He thanked them for bestowing their trust in the Roshan Digital accounts.

arynews.tv

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Need to look with CAD improvement...

The current account deficit narrowed to $2.966 billion in FY20, down 78.6pc compared to $13.434bn in the previous fiscal year. Meanwhile, in FY18, the current account deficit was $20bn.

https://www.dawn.com/news/1570449/cad-shrinks-78pc-in-2019-20

The CAD is in surplus from a 20 billion USD deficit to a surplus first time in last 5-6 months is bigger achievement ....

View attachment 717480

 

[HRK]

Last word about barking is not my post bro.

bro I know ...... I was just pointing to post of Indian member who's posting you were defending on the ground of valid reasoning ....

 

[Maarkhoor]

bro I know ...... I was just pointing to post of Indian member who's posting you were defending on the ground of valid reasoning ....

Sorry i missed that part.

 

[313ghazi]

As long as Pakistani's external debt is raising instead of coming down, then all Imran is doing is taking loans to pay off loans. How does it matter how much he paid the debt when he paid it by borrowing? Let me know if Pakistan's external debt has come down because of it.

It all depends on the terms.

1. the new loans could be on a lower rate of interest.

2. the old loands could have been setup that we pay x installments and then a lump sum. If we don't have the money to pay the lump sum, money could have been borrowed to pay that.

3. It might be the same the older loans were on better rates but a shorter term meaning less money available fo spending. By borrowing more money on a longer term, we might end up paying more back long term, but have more money to spend from the budget in areas that are needed, or even areas that generate revenue, so that long term the amount borrowed wouldn't appear significant in terms of affordability.

I don't actually know if it's any of these scenarios, but these are possible options, amongst others.