Its not so bad as compared to other countries?
http://uk.businessinsider.com/wef-countries-with-highest-level-of-government-debt-vs-gdp-2015-10
And all of them owes to the Jewish Bankers?
Re: Pakistan's external debt
The GPD / debt ratio probably is not as bad, but when you keep taxing same tax-paying entities with new taxes the paying entities start losing interest and start acting like how our PM does i.e. tax evasion schemes.
Re: Pakistan's external debt
Economic measurements are always relative or respective (in reference to another measurement) and not absolute (figure in its own right). As for debt, country has 2 types. One is internal (debt in local currency) and other is external (debt in foreign currency).
External debt (debt in dollars) is measured as a ratio of export. External debt should not be more than 200 percent of export, lower the better.
Total debt = external debt plus internal debt: is measured in terms of GDP. Total debt should not be more than 50 percent of GDP, ideally less, lower the better.
Re: Pakistan's external debt
The GPD / debt ratio probably is not as bad, but when you keep taxing same tax-paying entities with new taxes the paying entities start losing interest and start acting like how our PM does i.e. tax evasion schemes.
The figures are from 2013, not current. Current situation is far worse....close to $70 bill.
Plus, Pakistan's GDP declaration includes many of the domestic loans, state bank printouts, and withholding taxes (which essentially are liable to be refunded? Finance ministry is playing with money that it does not own. This glorious policy comes to you courtesy of the sharpest mind in finance, Ishaq Dar.
Considering Pakistan's per capita income, the debt situation is woeful, and with little to no genuine increase in revenue generation, I wouldnt be surprised if we are looking at a default like situation, unless another major loan is signed off. We will need around $20 billion a year just for debt servicing, once the current IMF loan matures.