The Earthquack Monetary 'Help'

Society Pakistan & World Affairs
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Was all that ‘help’ from all over the world was actually loan??? Is that as per the normal international economy standards??? So Pakistan has to pay back all that ‘help’ with interest??? Which means all that earthquack help is basically an ‘addition’ to the existing overseas debt??? So what is now the ‘repay’ amount??? 30 billion + ???

People thinking those funds were the support (not an additional burden to pay back) from the international community must be the most stupid IGNORANTS on earth!!!

SIMPLY RIDICULOUS!!!

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Re: The Earthquack Monetary 'Help'

Oooh the mystery!
Any links for your divine revelation? Gabrial (Elaihe Salam), Michael (Elaihe Salam), Israfeel (Elaihe Salam), or any other angels paying a visit yesterday?

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Re: The Earthquack Monetary ‘Help’

Hey antiobl, it’s all over the news on GEO. I watched it twice in the morning and just now about 10 minutes ago. I tried to google the link but cant find so now I am looking on their (GEO’s) website:

http://www.geo.tv/geonews/news.asp?param=business

As per GEO’s news report (of about 5 minutes) on Pakistan’s economy and overseas debts, they said the existing debts were aprox 37 bn which would rise due to the earchquack ‘help’ loan. Im sure this news report will be replayed in the evening.

I normally do not watch TV but just heard this report cz it was on and then watched it completely when it was on again on the news just a while ago.

But Im looking for the link. Someone please help find it.

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Re: The Earthquack Monetary 'Help'

^^ There is nothing sensational on this topic. We all know the money consists of both "grants" and "loans".

Loans we don't have to take out as most of them are credit lines. Nobody is going to shove loan money in your pocket.

Pakistanis do not lack resource for long term rebuilding process. What we really needed were the heavy lift Chinooks immediately following the quake.

Thanks to our friend and ally, the huge helicopters did more than what we ever asked for. Thank you USA and the US army.

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Re: The Earthquack Monetary 'Help'

Sorry Im too dumb, please explain?

What did the news reporter mean by saying that the debts were expected to rise due to the earthquack monetary help from other countries?

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Re: The Earthquack Monetary 'Help'


Nothing. If we do take out money from earth quake credit lines, the current debt will rise.

This Reporter seems to be generating fear and panic (like most reporters of USA's 6 o'clock evening news do).

Our total debt hovers around $35 billion. If we do take out say $3 billion from our credit lines, the overall debt will got to $38 billion.

Will that increase the debt? You betchya!
Should we be working on increasing our revenues (thus reducing the impact of debts)? Yes Siree Bob!
Will the $3 billion increase in debt be devastating to Pak econonmy? Heck no!

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Re: The Earthquack Monetary 'Help'

Okay that makes sense. Thank you.

::relief sigh::

The reporter also mentioned a couple of other things which definitely created tension at first then I calmed myself down. So again this is TV and NEWS. I should throw my TV out. I dont watch it anyway.