UAE rolls over existing $2bn loan, agrees to provide additional $1bn

[muhammadhafeezmalik]

Govt never post the complete news ...what is the rate of interest ?

These are at same terms and conditions as was with Niazi government. Here is fresh loan:

Pakistan secures $3bn at 1pc

International lenders grant loan to Pakistan at about 1pc interest rate with a repayment period of 40 years.

www.dawn.com

 

[undercover JIX]

Govt never post the complete news ...what is the rate of interest ?

Surgery kay liyay gai hai na..

 

[HAIDER]

These are at same terms and conditions as was with Niazi government. Here is fresh loan:

Pakistan secures $3bn at 1pc

International lenders grant loan to Pakistan at about 1pc interest rate with a repayment period of 40 years.

www.dawn.com

1 percent 40 years? ...no kidding. Smart people and smart trick to keep Pak away for more financial favors... so its 20 million dollars a year only the interest.
These are 100 payments of 20 million to equal 2 billion.
Total number of months in 40 years is 480, so at the end of 40 years, we end up paying them 9.6 billion dollars in interst ...... lolllllll.... plus the actual amount of 2 billion. So, it's 11.6 billion dollars.

 

[Jango]

Package hay, Sir.

Dude, stop trying and being a smart ***.

Tab bhi chanda tha, ab bhi chanda hai.

As long as we keep on taking these chandas and fulfill our short term personal goals just as a dick measuring contest, we will be stuck in this rut, and fools like you would keep on blowing their horn and hailing it as some sort of achievement.

Now get back to your day job at the Maryam propaganda cell.

Someone I know who works for IMF as a consultant said the main sticky point the current regime is avoiding is the accountability part. IMF (and other parties) ask for a committee to account for each dollar spent, and IMF would sign off. In addition, they want to set critical goals for growth, etc.

Shehbaz Rana also alluded to the same...sara masla yehi hai. PTI negotiated the goals and targets with IMF, N just wants the money, no goals.

The first thing I mentioned is what everyone is trying to avoid. PDM & Co. want funds, but no questions are asked about how, when, and where it's spent and why this concerns PDM & Co. because reforms also go much deeper into the bureaucracy.

They don't want any goals because Dar wants to use the money for USD parity, nothing else.