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We are in about 40 billion dollars of debt with no sign of even a small drop in that number. If we check the real exact numbers they are probaly increasing.
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#2
Posted 22 October 2006 - 01:56 PM
Jilawatan
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Dictator Sahib
Loan deal signed with WB
By Our Reporter
ISLAMABAD, Oct 21: The World Bank and Pakistan on Saturday inked a grant agreement of $750,000 to help finance preparation activities for the Punjab Large Cities Development Policy Loan (DPL).
According to an official announcement, the grant was financed by the World Bank administered policy and human resource development (PIIRD) programme funded by the government of Japan.
The grant would support activities required for the preparation of the project and might include preparation on the feasibility studies, environmental, social, economic assessments, stakeholders consultations, studies and workshops, surveys and provision of technical services.
The loan was designed to promote economic growth and improve infrastructure service delivery in major cities of Punjab. The project would assess cities in developing strategic investment plans and improve services delivery in solid waste, urban transport, and strengthen loan finances that support infrastructure investment and service delivery.
This project’s objective would be met through the implementation of three consecutive development policy loans of $100 million each.
By Our Reporter
ISLAMABAD, Oct 21: The World Bank and Pakistan on Saturday inked a grant agreement of $750,000 to help finance preparation activities for the Punjab Large Cities Development Policy Loan (DPL).
According to an official announcement, the grant was financed by the World Bank administered policy and human resource development (PIIRD) programme funded by the government of Japan.
The grant would support activities required for the preparation of the project and might include preparation on the feasibility studies, environmental, social, economic assessments, stakeholders consultations, studies and workshops, surveys and provision of technical services.
The loan was designed to promote economic growth and improve infrastructure service delivery in major cities of Punjab. The project would assess cities in developing strategic investment plans and improve services delivery in solid waste, urban transport, and strengthen loan finances that support infrastructure investment and service delivery.
This project’s objective would be met through the implementation of three consecutive development policy loans of $100 million each.
#3
Guest_4rmKarachi_Sheharyar_*
Posted 22 October 2006 - 03:45 PM
Guest_4rmKarachi_Sheharyar_*
Guest_4rmKarachi_Sheharyar_*
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AOA.
There is simple answer to this question, the loan money (inshallah) will be put to good projects, which in turn will bring investment and profits. From that profits Pakistan will be able to pay her loans off.
W/salaam.
There is simple answer to this question, the loan money (inshallah) will be put to good projects, which in turn will bring investment and profits. From that profits Pakistan will be able to pay her loans off.
W/salaam.
#4
Posted 22 October 2006 - 08:22 PM
Abdullah Hayat
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Naib Zila Nazim
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Salam,
Unfortunately, it is a vicious cycle ... We have to remember that TAKING LOANS for development WILL NOT help us. It is impossible to get your loans payed-off by taking more loans for "development". The development is in a sense kind'a black-hole.... once money is sucked into it, we are basically doomed.
There is just one way!
We have to SELL our assets, and pay-off our loans. Period. And then commit to ourselves that we WILL NOT take any more loans on INTEREST, and that we will only accept it if it is a GRANT! Interest-based loans will NOT take us out of this cycle. This has been proven again and again throughout our history, and throughout the history of IMF and World Bank. It is impossible to get out of Debt Trap, by taking more loans.
The idea of some economists that they will "invest" the further loans into the country and "get rich enough" to pay back the loans, is a flaw in economic model.
I know that PTCL is around $10 billion dollar company. Govt still has about $7.5 billion dollars in it. We HAVE TO sell PTCL completely, sell SSGC, SNGC, PSO, etc etc etc to generate $40 billion dollars. I KNOW that we have enough assets to generate that much. We must sell them all to get rid of every panney of those $40 billion dollars.
After that, we have to come to a SUSTAINABLE model of economic development, where the development is based on HUMAN RESOURCE and not CAPITAL!
The way is both easy and hard at the same time. Its easy, cos its do-able. And its hard, because the "cream" who runs their business on this Capital-driven model will NOT let this happen.
Peace.
Unfortunately, it is a vicious cycle ... We have to remember that TAKING LOANS for development WILL NOT help us. It is impossible to get your loans payed-off by taking more loans for "development". The development is in a sense kind'a black-hole.... once money is sucked into it, we are basically doomed.
There is just one way!
We have to SELL our assets, and pay-off our loans. Period. And then commit to ourselves that we WILL NOT take any more loans on INTEREST, and that we will only accept it if it is a GRANT! Interest-based loans will NOT take us out of this cycle. This has been proven again and again throughout our history, and throughout the history of IMF and World Bank. It is impossible to get out of Debt Trap, by taking more loans.
The idea of some economists that they will "invest" the further loans into the country and "get rich enough" to pay back the loans, is a flaw in economic model.
I know that PTCL is around $10 billion dollar company. Govt still has about $7.5 billion dollars in it. We HAVE TO sell PTCL completely, sell SSGC, SNGC, PSO, etc etc etc to generate $40 billion dollars. I KNOW that we have enough assets to generate that much. We must sell them all to get rid of every panney of those $40 billion dollars.
After that, we have to come to a SUSTAINABLE model of economic development, where the development is based on HUMAN RESOURCE and not CAPITAL!
The way is both easy and hard at the same time. Its easy, cos its do-able. And its hard, because the "cream" who runs their business on this Capital-driven model will NOT let this happen.
Peace.
#5
Posted 22 October 2006 - 08:28 PM
Jilawatan
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Dictator Sahib
Merijan, that suggestion that you are making to remove these loans is way too optomistic!
#6
Guest_Usman_*
Posted 22 October 2006 - 08:34 PM
Guest_Usman_*
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MJP, interesting idea. But how do we know the next leader in line doesn't start borrowing like crazy again?
1. Some assets should be sold.
2. Demand further debt relief & military aid for Pakistan's role against al qaeda
3. Spend less on defence
4. Put a moratorium on borrowing
1. Some assets should be sold.
2. Demand further debt relief & military aid for Pakistan's role against al qaeda
3. Spend less on defence
4. Put a moratorium on borrowing
#7
Guest_4rmKarachi_Sheharyar_*
Posted 23 October 2006 - 01:43 PM
Guest_4rmKarachi_Sheharyar_*
Guest_4rmKarachi_Sheharyar_*
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AOA.
We must also take this in mind that when WB approved the loan for Pakistan, Pakistan must have assured and provided evidence that it will be able to pay off the loans. WB already had a bad experince with Benazir and Nawaz, so why would they again risk giving loan to Pakistan ??? There must be some sort of positive thing that WB saw and then decided to approve the loan.
W/salaam.
We must also take this in mind that when WB approved the loan for Pakistan, Pakistan must have assured and provided evidence that it will be able to pay off the loans. WB already had a bad experince with Benazir and Nawaz, so why would they again risk giving loan to Pakistan ??? There must be some sort of positive thing that WB saw and then decided to approve the loan.
W/salaam.
#8
Posted 23 October 2006 - 01:58 PM
Jilawatan
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Dictator Sahib
The worldbank likes to take control of nations through neverending debt. I can already predict us in the future defaulting because our debt couldnt be paid off.
#9
Guest_4rmKarachi_Sheharyar_*
Posted 24 October 2006 - 01:49 PM
Guest_4rmKarachi_Sheharyar_*
Guest_4rmKarachi_Sheharyar_*
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AOA.
But still yaar, Musharraf Bhai is very clever, he must have been thinking something........
He have saved quite sometimes, maybe he`ll again save Pakistan from the clenches of loans.
W/Salaam.
But still yaar, Musharraf Bhai is very clever, he must have been thinking something........
He have saved quite sometimes, maybe he`ll again save Pakistan from the clenches of loans.
W/Salaam.
#10
Posted 24 October 2006 - 02:17 PM
Jilawatan
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Dictator Sahib
One most note that the Reserve levels are falling that we put together with our hardwork.
#11
Guest_4rmKarachi_Sheharyar_*
Posted 24 October 2006 - 04:27 PM
Guest_4rmKarachi_Sheharyar_*
Guest_4rmKarachi_Sheharyar_*
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AOA.
We must also keep in mind that Pakistan in next 1 or 2 years is start going to export defence goodies such as JF-17, thus bringing good amount of $$$.
W/salaam.
We must also keep in mind that Pakistan in next 1 or 2 years is start going to export defence goodies such as JF-17, thus bringing good amount of $$$.
W/salaam.
#12
Posted 24 October 2006 - 04:41 PM
Jilawatan
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Dictator Sahib
Yes, but we do not have any orders yet for the aircraft from other nations from our factories which are still being setup. Our defence exports hit about 92 million. Perhaps, when they reach the billion mark it will be signifigant.
#13
Guest_4rmKarachi_Sheharyar_*
Posted 24 October 2006 - 04:48 PM
Guest_4rmKarachi_Sheharyar_*
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The potential buyers are,
Iran,Malaysia,Indonesia and middle eastern and african countries.
Let`s hope for the best !!!
W/salaam.
Iran,Malaysia,Indonesia and middle eastern and african countries.
Let`s hope for the best !!!
W/salaam.
#14
Posted 25 October 2006 - 12:18 AM
Abdullah Hayat
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Naib Zila Nazim
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#15
Guest_4rmKarachi_Sheharyar_*
Posted 25 October 2006 - 04:54 PM
Guest_4rmKarachi_Sheharyar_*
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AOA.
Thanx for clearing my misconceptions man, but other than privatization, do we have another plan ????
Maybe something relating to the port of Gawader.
W/salaam.
Thanx for clearing my misconceptions man, but other than privatization, do we have another plan ????
Maybe something relating to the port of Gawader.
W/salaam.
#16
Posted 25 October 2006 - 05:08 PM
Jilawatan
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Dictator Sahib
Just note that in the last financial quaters we payed of a portion of the debt some 3-5 billion.
#17
Guest_4rmKarachi_Sheharyar_*
Posted 26 October 2006 - 03:48 PM
Guest_4rmKarachi_Sheharyar_*
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AOA.
Is there any kind of deadline for the paying of loan ???
It if Pakistan continues to pay like this, then it will be good.
W/salaam.
Is there any kind of deadline for the paying of loan ???
It if Pakistan continues to pay like this, then it will be good.
W/salaam.
#18
Guest_monaimpk90_*
Posted 26 October 2006 - 09:15 PM
Guest_monaimpk90_*
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guys chill there is nothing to get so much depressed!!
pakistan kay pay back loan of nearly $40bn through a huge a massive donation campaign annually!every pakistani family or a guy owing good amount of money can donate genrously for this cause by handing over 5000 to 10000 (PKR) to the goverment so that it could alltogather back its loan in a period of 10 to 15 years. i think this is appicable but no one is ready to do it.
for this we need to run a huge media campaign!
or we could just wait for our goods to come in future(inshaallah)!!
pakistan kay pay back loan of nearly $40bn through a huge a massive donation campaign annually!every pakistani family or a guy owing good amount of money can donate genrously for this cause by handing over 5000 to 10000 (PKR) to the goverment so that it could alltogather back its loan in a period of 10 to 15 years. i think this is appicable but no one is ready to do it.
for this we need to run a huge media campaign!
or we could just wait for our goods to come in future(inshaallah)!!
#19
Posted 26 October 2006 - 09:49 PM
Jilawatan
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Dictator Sahib
#20
Posted 27 October 2006 - 12:40 AM
Abdullah Hayat
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Naib Zila Nazim
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