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Pak cricketers kicked out of Karachi hotel due to non payment of room rent


Mohan Swamy

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Posted
59 minutes ago, Mohan Swamy said:

Pak cricketers got kicked out of a 5 star hotel in Karachi because PCB couldn't pay room charges on time. Shifted to 3 star hotel in the middle of the night, that too with 3-4 players sharing one room.

 

Lagta hai blank cheque bounce ho gaya, else apne hee mulk mei iss se zyada aukaat honi chaiye thi :hysterical:

 

 

 

Lol @First class. Bro now don't say we make fun of Pakistan.

Posted

Pretty silly move from hotel: there should be a way to manage this more efficiently. I doubt that these players are so poor that they could not have paid the money eventually.

Posted
2 minutes ago, Vijy said:

Pretty silly move from hotel: there should be a way to manage this more efficiently. I doubt that these players are so poor that they could not have paid the money eventually.

 

Most probably "tu kar-tu kar" scenario where no one took any responsibility.

Posted

I heard pcb already have a big tab which they have not paid at the hotel which relates to the cancelled tours of nz etc.

 

 

 

 

Posted (edited)

It has been categorically stated that the debt figures are at a level now which Pakistan can never re pay. A recent loan from Saudi Arabia of$3 billion,  part of a total of $4.3 billion in assistance, was expected to improve Pakistan’s currency rate. It did not. The rupee plunged further to reach 179 against the dollar indicating bleak economic fundamentals.High import of cotton to sustain Pakistan’s textile industry has eaten away at forex reserves. Earlier, pressure from traders had led to Pakistan agreeing to import all of these from India, but the move failed due to political pressure.


The new Saudi loan charges a higher rate of interest, where Pakistan will pay $120 million interest on the loan – up by $24 million relative to the 2018 similar facility. Other clauses are even harsher. The loan will have to be returned within 72 hours of a written request by Saudi Arabia at any time. Any delay in interest payment or servicing public debts would be deemed as default on the agreement, as would a withdrawal from the International Monetary Fund (IMF).Meanwhile, Pakistan is reported to have paid China PKR 26 billion in interest for a $4.5 billion loan facility originally intended to promote trade, but diverted to repay the Saudis, among others. To pay China, Pakistan turns to the IMF to bail it out of loans that are three times more than what is borrowed. In other words, a classic debt trap of its own making, only getting worse over the years as Islamabad skips nimbly from one loan to the next. It’s beyond bankruptcy. It’s a state of collapse.

 

When the country is running on IMF tab, the less said about PCB

Edited by neel roy
Posted
15 hours ago, neel roy said:

It has been categorically stated that the debt figures are at a level now which Pakistan can never re pay. A recent loan from Saudi Arabia of$3 billion,  part of a total of $4.3 billion in assistance, was expected to improve Pakistan’s currency rate. It did not. The rupee plunged further to reach 179 against the dollar indicating bleak economic fundamentals.High import of cotton to sustain Pakistan’s textile industry has eaten away at forex reserves. Earlier, pressure from traders had led to Pakistan agreeing to import all of these from India, but the move failed due to political pressure.


The new Saudi loan charges a higher rate of interest, where Pakistan will pay $120 million interest on the loan – up by $24 million relative to the 2018 similar facility. Other clauses are even harsher. The loan will have to be returned within 72 hours of a written request by Saudi Arabia at any time. Any delay in interest payment or servicing public debts would be deemed as default on the agreement, as would a withdrawal from the International Monetary Fund (IMF).Meanwhile, Pakistan is reported to have paid China PKR 26 billion in interest for a $4.5 billion loan facility originally intended to promote trade, but diverted to repay the Saudis, among others. To pay China, Pakistan turns to the IMF to bail it out of loans that are three times more than what is borrowed. In other words, a classic debt trap of its own making, only getting worse over the years as Islamabad skips nimbly from one loan to the next. It’s beyond bankruptcy. It’s a state of collapse.

 

When the country is running on IMF tab, the less said about PCB

How come these chutiyas have any GDP. Most of their earnings are from bailout do they consider it their rightful earning.

Posted
32 minutes ago, raki05 said:

How come these chutiyas have any GDP. Most of their earnings are from bailout do they consider it their rightful earning.

They likely acount for earnings by expats in their GDP

Posted
8 minutes ago, RajBan said:

They likely acount for earnings by expats in their GDP

That’s not how GDP works Lol- earnings in a different country contribute to that one not to the home one, unless large amounts sit remittances are sent back but in the grand scheme of things Pakistanis send hardly any back compared to NRI Indians

Posted
10 hours ago, LordPrabhzy said:

Where is the blank cheque they were promised after beating India??:orderorder:

The guy who promised the cheque must have told them that Win the Toss, Win the Match tukka doesn't count :hysterical:

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