In one year, debt has increased by $1.8b

[WishLivePak]

First year in office: Debt burden mounts as borrowing rises Rs1.8t – The Express Tribune

so sad

 

[Hyde]

The most important news from the whole article is

In June 2013, total public debt stood at 64.8% of GDP, which came down slightly to 64.4% in the wake of expansion of the economy to Rs25.4 trillion.

First year in office: Debt burden mounts as borrowing rises Rs1.8t – The Express Tribune

So if true, the assumption of many members on PDF claiming Pakistan's economy being close to 29 trillion rupees is wrong. So if dollar is thought to be exactly 100 rupees per dollar, our economy is 254 billion dollars... Some sources claim the dollar is heavily undervalued so if that's the case it would translate to 241 billion dollars of gdp if we fix value dollar for 105 rupees.

 

[farhan_9909]

The most important news from the whole article is



First year in office: Debt burden mounts as borrowing rises Rs1.8t – The Express Tribune

So if true, the assumption of many members on PDF claiming Pakistan's economy being close to 29 trillion rupees is wrong. So if dollar is thought to be exactly 100 rupees per dollar, our economy is 254 billion dollars... Some sources claim the dollar is heavily undervalued so if that's the case it would translate to 241 billion dollars of gdp if we fix value dollar for 105 rupees.

29Trillion PKR by 2015,so let say if the dollar is restricted to under 100 till june next year than the GDP will be more like 290+Billion dollars and 276Billion dollars if it is around 105

Report for Selected Countries and Subjects

 

[Norwegian]

so sad

Sad? Wonders of Noora League you support.

 

[Thəorətic Muslim]

First year in office: Debt burden mounts as borrowing rises Rs1.8t – The Express Tribune
so sad

Macro-Economics 101: Having Debt is not bad.

World Bank & IMF's economists state that:

bringing the
net present value (NPV) of external public debt down to about 150 percent of a country’s exports
or 250 percent of a country’s revenues

http://www.imf.org/external/np/hipc/2001/lt/042001.pdf

The US has 104.8% Debt to GDP (2013)
Japan 243.2% (2013)
India 66.7% (2013)

Unless Pakistan wants to convert into the Euro, which requires 60%- Debt to GDP, having 64.4%, if the economic GDP is accurate is fine. The only trouble would be to make sure the cash flow, foreign reserves, are adequate to handle 5 months of trade.

The only thing bad is the interest rate attached to the debt, an easy way to lower those rates is to build a robust economy, not wasting the precious loans on corruption.

 

[Kompromat]

I blame Imran Khan.

 

[WishLivePak]

Sad? Wonders of Noora League you support.

You're acting more and more as a troll.

Soon it'll be your bye bye

 

[Norwegian]

You're acting more and more as a troll.

Soon it'll be your bye bye

Troll? I am acting normally. Responding to posts that are delusional.

 

[WishLivePak]

Troll? I am acting normally. Responding to posts that are delusional.

dillusional?

What did I even say? I just posted the link and said sad. You want me to say I'm happy?

So yes, you're troll. You want to quote me even if the post has nothing in there.

 

[anonymus]

Whether debt is good or bad depend on type of Debt.

Debt taken to invest in profit generating project is good. Similarly domestically held debt is better than internationally held debt.

Japan with 230% debt is stable as most of it's debt is held by it's own population while a country like Italy with 103% is unstable.

India may have 67% debt/GDP ratio but there is not even a theoretical chance of India defaulting as only 7% of India's debt is held by foreigners and less than 1% is held by Investment bank.

 

[qamar1990]

Sad? Wonders of Noora League you support.

@WishLivePak i would think both of you would be on the same boat but i guess not??
Norwegian was behaving like @WishLivePak

 

[Arya Desa]

You guys should spend less money on metrobuses.

 

[WishLivePak]

@WishLivePak i would think both of you would be on the same boat but i guess not??
Norwegian was behaving like @WishLivePak

You're not making sense?

 

[qamar1990]

You're not making sense?

i thought you and @Norwegian had the same views??

 

[WishLivePak]

i thought you and @Norwegian had the same views??

no we don't.

And my post was about norwegian acting like a troll.