General Economic Updates

Pakistan Shot ourselves on foot by Taking a Loan and then Toppling a stable government (talk about coincidence)

IMF on their side are also not innocent Entity they , knowingly give out these Loans to Nations already struggling with Financial crisis

To my knowledge only 1 Nation South Korea has ever managed to benefit from IMF loan anyone else who has taken this Loan has turned into a Addicted Loan Taker and eventually it's countrymen/women become slaves to this Entity
The fault goes much deeper. Do you have any idea about the loans Imran Khan took as PM? They absolutely broke the back of the Pak economy. He took more loans in 3.5 years than the govt preceding managed to take in 70 years.

He used COVID as an excuse to "rollover" existing loans are sold it domestically as win. A rollover only means that the loan will continue for longer duration, sometimes with higher interest rate. The global community was very sympathetic with poor countries during the pandemic and IK milked it to not pay back any loans and take as many fresh loans as possible. He wasted the loan amount in unaffordable projects like billion tree tsunami, healthcare services and even planning a new TV channel with Malaysia and Turkey.

The result is that Pak is so heavily indebted that repayment looks impossible. Pak cannot even afford to buy food and electricity with the resources it has right now if loans don't come.
 
What’s going on with the money?
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 
To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 

Users who are viewing this thread

Latest Posts

Back
Top