Re: Internal Debts Vs External Debts OF Pakistan
sitting down with credtors and renegotiating loan repayment is a well worn practice and nothing new. just remember, every time you do that, your credit rating goes down which makes further borrowing more expensive.
Which is why I like Ali's attitude of suggesting some ways to stop requiring more and more loans. I hear what you say about riba in Islam etc but consider it a toothless theory. If not, don't you think the entire middle east would have stopped dealing with the western world for money management?
You tell me how much Pak owes Saudi Arabai vs the west.