Quote:
Originally Posted by useesam
Kindly share the budget and foreign debt amount.
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Pakistan's budget for 2011-12 stands at PKR 2.767 trillion, with an estimated GDP of US $ 174.799 billion. The IMF loan mount is around $7.6 billion, in three instalments, of which Pakistan's government has been able to draw only the first one, the other two worth $3.4 billion could not be drawn because of the failure to repay the due return instalments and follow the IMF economic sanctions.
By the way for all of us here, I read somewhere that Pakistan's government has scheduled 11 IMF loans during the BB, NS & Musharrafs regime, and no one has been able to withdraw all installments of any loan except the 2 taken by Musharrafs government when he bagged all of the amount by returning the due instalments in time and followed the IMF sanctions, already less rigid because of his clever table talk before arranging the debt.
Time to Wake Up!