Loud Thinking April 11, 2014 at 11:48PM

Posted by Syed Nayyar Uddin on April 11, 2014 in My Views |

Mr. Ishfaq Dar finance Minister of Pakistan please explain:

You took last year $6.7 billion loan from IMF at 3% interest rate, when in December 2012, IMF had decided to offer loan to poor countries at 0% interest rate.

Now this year, why you have floated bonds in the international market for a 10 year period for $1 billion at 8.25%interest?

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