WHAT IS THE SECRET OF UNACCOUNTED FOR INCREASE OF ABOUT 20 BILLION USD IN LOAN LIABILITIES OF PAKISTAN DURING FIVE YEARS OF PPP RULE? : Wake up Pakistan : JAAG Pakistan JAAG
This has reference to the news item of 01 December 2012, by Mehtab Haider titled “Total debt scales Rs.14.5 trillion mark” published by the daily “The News” link :-http://www.thenews.com.pk/Todays-News-3-145837-Total-debt-scales-Rs145-trillion-mark The gist of the above reveals the extremely precarious economic situation of Pakistan, as below. 1. Pakistan’s public debt and liabilities crossed Rs.13.5 trillion by end-September […]
A Fit Case for Pakistan to Demand from the IMF & the WB Odious Debt Write off
By Nadeem M Qureshi In 2008 when the PPP government of President Asif Zardari took office Pakistan’s total foreign debt was about $40 billion. Today, at the end of the PPP government’s term, it is $60 billion. Twenty billion dollars of new debt has been added. As the Government of Nawaz Sharif begins negotiations with […]
An Ode for Mr. Ishaq Dar, the World Bank and the IMF
Attention Mr. Ishaq Dar, the IMF and the World Bank. we paid $37.2 billion as debt-servicing alone in the last eight years. This is many times more than the principal amount that we borrowed during this period. An Eye Opener by Mr. Naeem Sadiq Dear Bank Naeem Sadiq TheNews Friday, July 12, 2013 Many thanks […]
Mr. Ishaq Dar why IMF loan at abnormally high rate of 3% why not at 0% for which IMF has already decided to extend zero interest rate to poorer countries?
Dear Mr. Ishaq Dar, Your kind attention is invited towards the following news item titled “IMF extends zero interest rates on poorer country loans” published by the daily “Pakistan Today” on 23 December, 2012 detailed news available at the link :- http://www.pakistantoday.com.pk/2012/12/23/news/profit/imf-extends-zero-interest-rates-on-poorer-country-loans-2/ In this regard, as per my many earlier submissions to the PM and […]
Mr. PM! There are three options to avoid IMF loan
The daily “The News” published the following on Thursday, 27 June 27, 2013 at page # 4. Link:- http://e.thenews.com.pk/6-27-2013/page4.asp#; Link:- http://images.thenews.com.pk/27-06-2013/ethenews/t-23752.htm Mr. PM! There are three options to avoid IMF loan ISLAMABAD: Renowned economist Syed Nayyar Uddin Ahmad has written an open letter to the Prime Minister Main Muhammad Nawaz Sharif, in which he has […]
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