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

[RajBan]

1 hour ago, LordPrabhzy said:

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

True. But there has been examples of double counting in their books before.

[diga]

Reflects the professionalism in the Baki setup... if you dont have money, one should make other suitable arrangements or pay on time

[figo6762]

Breaking news : Pakistan has 5 star hotels 

[putrevus]

On 12/27/2021 at 1:20 PM, 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

The question why is their economy so bad. Bangladesh has better economy.