pakistand and debts

Society Business and Career
1

I did read that Pakistan have to pay 117 billion dollars. In my language Dutch there is nothing much on that on internet and i can’t read urdu and my english is very bad so i can’t search it on internet about debts.

But can somebody explain me here if pakisatn can pay his debts ore it is difficult and not possible and is Pakistan going bankcrupt as i heard that of a friend of mine.

2

Re: pakistand and debts

Total debts on Pakistan are around 60 billion dollars and no Pakistan cannot pay back debts that's why the country has to rely on IMF. The situation is so bad that they have to get new loans to pay back for previous ones.

3

Re: pakistand and debts

Pakistan is not going bankrupt. The foreign debt at less than 60 billion dollars in a GDP of over 200 billion dollars is nothing. Many countries including US have their foreign debts more than the GDP. Our basic fundamentals of he economy are very strong. Please read the following thread to understand better..
http://www.paklinks.com/gs/pakistan-affairs/501181-pakistans-10-month-current-account-surplus-at-over-us-700-million.html
Our bigger problems are tax collection, infra structure like energy management, dismal growth figures, state enterprise losses.. all these related with management. Otherwise country with 7 million expatriates, and 180 million strong consumer base is not only sustainable economically, but has the potential to become an economic force in future..

4

Re: pakistand and debts

I don't know about the stats and stuff.......but on ground.....everything is messed up really bad...
govt is printing money day and night........inflation touching the rooof.......industries dying......no jobs.......

if that means the 'fundamentals' are strong........what can i say

if u remember....everything was touchy rosy during shaukat aziz time......all due to artificial growth.......but then u know what happened....

5

Re: pakistand and debts

^^^
I disagree that everything is screwed up..

6

Re: pakistand and debts

so u think its not the worst economic situation for the people of pakistan??? i mean on ground...not in stats..

7

Re: pakistand and debts

well it certainly seems like everything on the ground is screwed up....bomb blasts everywhere, inflation through the roof, no "tarakkee" its blatantly in your face how messed up it is

8

Re: pakistand and debts

Thnx All. I did read the thread Yazdi and i hope it will be better.

9

Re: pakistand and debts

Yazdi has a good point, debt-to-GDP ratio is not bad at all compared to many world economies.. The problem with Pak is tax collection and law and order and on top of that there is uncle sam to grease the palms of top leadership both military and civilians.

A Graph below