External debt, liabilities mount to $52.8bn

SLAMABAD: Pakistans external debt and liabilities (EDL) mounted to $52.83 billion by the end of June 2009, which is equivalent to about one-third of the countrys economy.

During the last one year, about $6.67 billion were added to external debt and liabilities. Last year at the end of June, these stood at $46.16 billion. Rupee depreciation against major currencies, especially the US dollar, was another factor contributing to the debt burden.

Out of total EDL, external debt stood at $50.76 billion, up by $5.29 billion over last year, when at the end of June 2008, it stood at $44.46 billion, the State Bank of Pakistan reported on Wednesday.

This indicates that the country may cross the International Monetary Funds (IMF) projection made a few months ago that Pakistans external debt would reach $74 billion by 2015.

Independent economists, trade leaders and chambers of commerce expressed concern on the issue saying it could have severe long-term direct and indirect negative impact on the countrys economy.

They stressed upon the government to make strong fiscal adjustments instead of more borrowing. Otherwise, in coming years, debt problem will cause severe macroeconomic consequences like low economic growth, closure of businesses, rising unemployment and poverty, deterioration of physical and human infrastructure, high inflation, pressures on exchange rate, discouragement of both domestic and foreign private investment etc.

Already the debt-servicing burden has progressively reduced the governments ability to undertake much needed infrastructure development projects, and further rise in debt burden would hamper countrys efforts for social and economic development.

The SBP data reveals that the countrys external debt has increased significantly in the last few years. As on June 30, 2003 external debt stood at $32.46 billion, June 2004 ($32.93 billion), June 2005 ($34.04 billion), June 2006 ($35.97 billion), June 2007 ($39 billion), June 2008 ($44.45 billion) and now at the end of June 2009, it has jumped to $50.76 billion.

http://thenews.com.pk/daily_detail.asp?id=200902




Pakis are in deep red ****. Their external debt is $52bn while their forex reserve is $12bn. Amazing.

last i heard even turcos refused to give them any penny.

they begged so hard to all muslim countries but no one gave them anything .

Saudi Arabia can erase that debt without a second thought. I just hope the day doesn't come where Pakistan would be desperate enough to accept the conditions of Saudi Arabia's support.

............................................
"Montreal Canadiens suck "

^^ love that israeli chic in your sig.

"I just hope the day doesn't come where Pakistan would be desperate enough to accept the conditions of Saudi Arabia's support."

You woke up late bro, phuckistan already accepted the conditions of saudi arabia ages ago. Who do you think finances phuckistans madrassas and subsidses their oil?






colours of Kaziranga

people forget the reason is why they r not giving pakistan is becos of the current government is manned by totally corrupt individuals head by world;s biggest crook...

a stark contrast to Mushy's government where economy was handled by technocrats headed by paki;s ace Finance Minister Shukat Aziz. IMF loans ended under his tenure, econonmy grew stready at 6%+(in real term it was like 10% bcos of the nature of a pakistan;s black economy), forex reerves were $16 billion+, production orders were backed up enomrously, i remember my dad had to wait 6 months to deliver his locally made honda civic....


oh yea dotheads have your laughs, there is no hope for pakistan under Asif Zadari and his incompetent idiots.

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Pakistan Airforce: The largest distributor of Indian airforce parts in Asia



Pathankot Strike
8 F-86Fs of No 19 Squadron led by Squadron Leader Sajjad Haider struck Pathankot airfield. With carefully positioned dives and selecting each individual aircraft in their protected pens for their strafing attacks, the strike elements completed a textbook operation against Pathankot. Wing Commander M G Tawab, flying one of the two Sabres as tied escorts overhead, counted 14 wrecks burning on the airfield. Among the aircraft destroyed on the ground were nearly all of the IAFs Soviet-supplied Mig-21s till then received, none of which were seen again during the War.


http://www.youtube.com/watch?v=PFHlzP69n9c

---

i remember my dad had to wait 6 months to deliver his locally made honda civic....


Awww, what did you name it?


==================================
Tu dhoop hain jham se bikhar
Tu hai nadee o bekhabar
Beh chal kahin ud chal kahin
Dil khush jahan teri toh manzil hai wahin.

^^ ROFLOL!!!!!!

You should post here more often woot.....


"people forget the reason is why they r not giving pakistan is becos of the current government is manned by totally corrupt individuals head by world;s biggest crook... "

Really? that either means phuckistan has no credibility even among their "ummah" or foreigners are more concerned for your sh1thole of a country LOL!!!




colours of Kaziranga

i remember my dad had to wait 6 months to deliver his locally made honda civic....


Awww, what did you name it?

rofl

 

SURRENDER OF PAKI ARMY IN 1971
1N 1971 A NEW HISTORY AS WELL AS A NEW NATION WAS CREATED BY WE THE INDIANS..

Lol....


This is the biggest news .....bigger than the water on the moon...lol !!!!!










________________________________________________________________________________________

"Unaan-o-Misr-o-Roma Sab Mit Gaye Jahaan Se
Ab Tak Magar Hai Baaqi Naam-o-Nishaan Hamaara

Kuchh Baat Hai Ke Hasti Mit-ti Nahin Hamaari
Sadion Raha Hai Dushman Daur-e-Zamaan Hamaara"

.......... Mohammad Allama "Iqbal"

ndia's external debt at $230.85 bn

March 31, 2009 20:41 IST




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http://www.rediff.com/money/2009/mar/31india-external-debt-at-231-billion-dollars.htm



India owes $230.85 billion to the external world as debt as on December 31, 2008, which is slightly less than $254.6 billion of forex reserves the country enjoyed at that point of time.

The total external debt marginally increased by 2.8 per cent from $224.65 billion at end-September 2008, as commercial external borrowings by India Inc continued to enjoy major chunk of external debt, as the government swung into action by liberalising overseas debt regime after these sources of funds dried up.

According to an official statement here, external commercial borrowings increased by $4.6 billion to $66.16 billion with its share in total debt increasing to 28.7 per cent from 27.4 per cent at end-September 2008.

Comparison between these two periods assumes importance as external sources of funds dried up after Lehman Brothers filed for bankruptcy in mid-September.

The data showed that the share of short-term debt declined to 20.6 per cent at $47.48 billion as on December end, 2008, from 22.6 per cent at $50.68 billion as on September end.

After the East Asian crisis of late 1990s, large chunk of short-term debt is not considered good for economic health of a country.

India's long-term debt constituted 79.4 per cent of the total debt at $183.37 billion as on December 31, 2008, against 77.4 per cent as on September 30 that year.

NRI deposits declined marginally to $40.30 billion from $40.62 billion, despite increase in ceiling of interest rates paid to them on their deposits.

Government (Sovereign) external debt stood at $57.4 billion at end-December, 2008, while non-government debt amounted to $173.5 billion.

The share of non-government debt in total debt has increased steadily since March 2003. This trend continued during the first half of 2008-09, with the share of non-government debt in total external debt increasing further to 75.3 per cent.

However, it dipped fractionally to 75.2 per cent at the end of December 2008. The official statement said, "The focus of external debt management policy continues to be on maintaining debt within manageable limits."

This includes emphasis on raising sovereign loans on concessional terms with longer maturities, regulating the levels of commercial borrowing and their end-use, rationalising interest rates on NRI deposits, monitoring short term debt and encouraging non-debt creating capital flows.

US dollar continued to dominate debt, accounting for 53.1 per cent of total external debt as on December-end 2008, followed by Japanese Yen (15.9 per cent), Indian rupee (15.8 per cent), SDR (9.3 per cent) and Euro (3.8 per cent).


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FAAKHER E CHAAMB

Awww, what did you name it? ************


RE: clearly u never bought a car....


but thats ok u may one day work 12 hrs a day may be hope to buy a second hand malu used bajaj scootor....

---

Pakistan Airforce: The largest distributor of Indian airforce parts in Asia



Pathankot Strike
8 F-86Fs of No 19 Squadron led by Squadron Leader Sajjad Haider struck Pathankot airfield. With carefully positioned dives and selecting each individual aircraft in their protected pens for their strafing attacks, the strike elements completed a textbook operation against Pathankot. Wing Commander M G Tawab, flying one of the two Sabres as tied escorts overhead, counted 14 wrecks burning on the airfield. Among the aircraft destroyed on the ground were nearly all of the IAFs Soviet-supplied Mig-21s till then received, none of which were seen again during the War.


http://www.youtube.com/watch?v=PFHlzP69n9c

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@punit....

what u live in america or something???.... car waiting was common during those boom years.. if u think 6 months was bad..... people had wait for 1 year for a toyota corolla 2.0 diesal...

but then again papa jeee buys every thing for u... so what do u expect.

---

Pakistan Airforce: The largest distributor of Indian airforce parts in Asia



Pathankot Strike
8 F-86Fs of No 19 Squadron led by Squadron Leader Sajjad Haider struck Pathankot airfield. With carefully positioned dives and selecting each individual aircraft in their protected pens for their strafing attacks, the strike elements completed a textbook operation against Pathankot. Wing Commander M G Tawab, flying one of the two Sabres as tied escorts overhead, counted 14 wrecks burning on the airfield. Among the aircraft destroyed on the ground were nearly all of the IAFs Soviet-supplied Mig-21s till then received, none of which were seen again during the War.


http://www.youtube.com/watch?v=PFHlzP69n9c

---

"but then again papa jeee buys every thing for u... so what do u expect."

So who paid for the honda civic, your papa jee or you? LOL!!!





colours of Kaziranga

I took a Nissan warrior 4 while drive over from engalnd... we had to bribe countless officials at Balochistan to allow it through... cost me 2 times the car was worth... but that cars worth 3 times in pakistan

Corruption and bribery in phuckistan.




colours of Kaziranga

So who paid for the honda civic, your papa jee or you? LOL!!! *******

RE : it was split 3 ways between our bros.. total cost was AED 90 or rs 1.3 million back 05...


to bad u cant make that claim

---

Pakistan Airforce: The largest distributor of Indian airforce parts in Asia



Pathankot Strike
8 F-86Fs of No 19 Squadron led by Squadron Leader Sajjad Haider struck Pathankot airfield. With carefully positioned dives and selecting each individual aircraft in their protected pens for their strafing attacks, the strike elements completed a textbook operation against Pathankot. Wing Commander M G Tawab, flying one of the two Sabres as tied escorts overhead, counted 14 wrecks burning on the airfield. Among the aircraft destroyed on the ground were nearly all of the IAFs Soviet-supplied Mig-21s till then received, none of which were seen again during the War.


http://www.youtube.com/watch?v=PFHlzP69n9c

---

the zionists gayiety tel avivs faggetry bar refaeli sidelocks twisteds evils bageles eater is rights

saudi uae kuwait qatar etc can easily wipe this debt off...but as the rodent face curry munchers already mentinoeds parkis got illiterates inepts leaders, nobody wantings to waste money

===========================================
I am old Christiankiller
Sorry for offensive to our good religion christian brothers
I am not hating christians

'last i heard even turcos refused to give them any penny. '

Turcos too busy sucking IMF cock for one more loan. Just ONE more loan, pulleeeze!!!! LOL