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Just to get things again in perspective “In December 2023, SBP Governor Jameel Ahmad stated that Pakistan was scheduled to pay $24.6 billion in foreign debt and debt servicing by the end of June 2024. This figure includes a rollover of $12.4 billion, with $9.3 billion of this amount already confirmed by creditors.” In short taking more loans and paying the old loan off and asking for debt roll overs is not a sane of a prudent strategy and is certainly not a long term workable solution. Need to boost exports, cut down expenditures, and imports of non essential and substitutable goods with local manufacture.Care to explain who is exactly demanding an immediate repayment of what is now $131 billion?
Pakistan repaid $24 billion last year. Did the sky fall? No. How did Pakistan make those repayments?
Again, think, research and analyse before answering.
That's not accurate.
For 2023, Pakistan exported $28 billion.
For 2022, Pakistan exported $40 billion.
While down, Pakistani exports are set to recover this year.
Political instability, and a refocus on domestic consumption over export growth, which is a hallmark of PMLN.From $40 billion to $28 billion is a massive drop. Any idea why this is so?
Take the previous record and see whenever there is a N-League government, Pakistan's exports have decreased, even during global golden economic period from 2015 to 2018, Pakistan's exports did not grow.From $40 billion to $28 billion is a massive drop. Any idea why this is so?
it has shown that the GCC decides its policies based on their economies not their stated ideologies.Nah... I feel if Gaza has shown anything, the Arab states are more entrenched with western interests than the interests of their own nations. Pakistan needs to figure out how to completely extricate itself from dependence on GCC ASAP. The dependence on them already showed it was a severe handicap when the forced IK to skip Kuala Lampur conference for their own benefits. They are fully in Indias camp along with US and Israel and have sold Palestinians down the river. They will/have also sold Kashmir. That is the lesson Pakistan should drawn from Gaza.
Hi,Nah... I feel if Gaza has shown anything, the Arab states are more entrenched with western interests than the interests of their own nations. Pakistan needs to figure out how to completely extricate itself from dependence on GCC ASAP. The dependence on them already showed it was a severe handicap when the forced IK to skip Kuala Lampur conference for their own benefits. They are fully in Indias camp along with US and Israel and have sold Palestinians down the river. They will/have also sold Kashmir. That is the lesson Pakistan should drawn from Gaza.
It fell and only recovered to 5 year old level in the last year.Take the previous record and see whenever there is a N-League government, Pakistan's exports have decreased, even during global golden economic period from 2015 to 2018, Pakistan's exports did not grow.
Just to get things again in perspective “In December 2023, SBP Governor Jameel Ahmad stated that Pakistan was scheduled to pay $24.6 billion in foreign debt and debt servicing by the end of June 2024. This figure includes a rollover of $12.4 billion, with $9.3 billion of this amount already confirmed by creditors.” In short taking more loans and paying the old loan off and asking for debt roll overs is not a sane of a prudent strategy and is certainly not a long term workable solution. Need to boost exports, cut down expenditures, and imports of non essential and substitutable goods with local manufacture.
The Circular Debt, PSDP and new big ticket defence procurement in the current economic situation is not sustainable unless supported by more loans. With our negative GDP growth, if we factor in our population growth rates, and narrow tax base, we have little to no hope of repaying our debt.
If Pakistan was a private corp there would have been serious going concern and gearing ratio issues!
My 2c worth
Pakistani GDP growth fluctuates like it does with rest of the world. Its not like it's been minus 3-4% year-after-year for a decade or so.... The Circular Debt, PSDP and new big ticket defence procurement in the current economic situation is not sustainable unless supported by more loans. With our negative GDP growth, if we factor in our population growth rates, and narrow tax base, we have little to no hope of repaying our debt.
If Pakistan was a private corp there would have been serious going concern and gearing ratio issues!
My 2c worth
Pakistans Debt to GDP ratio is 75% and not 70% in 2022. India’s Debt to GDP ratio is 57% in 2023. As far as US.. PKR is not a global currency of exchange.Pakistan debt to gdp is 70% Indian is around 80 US 100+ UK 100+
There is no crisis only mismanagement
And we had a perfect self loathing psychotic to do that
Google the stats than make knowledgeable arguments
Pakistans Debt to GDP ratio is 75% and not 70% in 2022. India’s Debt to GDP ratio is 57% in 2023. As far as US.. PKR is not a global currency of exchange.
Thank you for the “mismanagement” bit. This is exactly what I was pointing in my argument that policy, fiscal, economic, foreign n defence, should be aligned with the health of the country. We, at present, can not and should not dabble our fingers in buying big ticket military equipment.








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