Pak PM urges US to waive Pakistan's debt to overcome economic problems

Discussion in 'Pakistan' started by MMuthu, Jun 5, 2009.

  1. MMuthu

    MMuthu Regular Member

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    ISLAMABAD: Prime Minister Syed Yusuf Raza Gilanion Friday called upon the United States to write off its debt to help Pakistan overcome the present economic difficulties accentuated by the war on terror, growing crisis of IDPs and the negative impact of global recession.

    The Prime Minister was talking to Richard Holbrooke, US Special Envoy for Pakistan and Afghanistan who called on him at PM House.

    The Prime Minister urged the US administration to initiate action through the US Congress for substantial increase in aid for Pakistan as well as fast track much-needed military supplies for Pakistan's campaign against terrorism.

    The Prime Minister acknowledged that the US had assisted Pakistan in providing relief to the dislocated people of Malakand Division by providing an aid package of more than US $300 million.

    He hoped that the major European and Muslim world countries would follow the United States and come forward with their timely assistance.

    The Prime Minister said the nation was united on the vitalissue of army operation against Taliban.

    The Government of Pakistan and all the national institutions were fully on board in fighting the menace of terror and there was national cohesion and spirit of reconciliation on national issues among all the political stakeholders, he added.

    Ambassador Richard Holbrooke responded that the US would look into Pakistan's request for the debt write-off and measures were being taken to accelerate the pace of military supplies to Pakistan.

    Holbrooke while dilating upon his trip to the camps for dislocated persons expressed appreciation on the overall conditions there.

    He praised the tradition of Pashtoon-wali and the traditional hospitality of the people of Pakistan in accommodating the displaced people in their homes and catering for IDPs needs despite their own meagre resources.
     
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  3. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    there is no end to these freaking beggars.
     
  4. MMuthu

    MMuthu Regular Member

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    Unless India act with full force.
     
  5. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    if that happened everyone will rush to save them with more aid, against big bad India, this aid is a complete waste of money and pakistan has not done anything to earn one penny of it as war as their war effort goes and no transparency to the aid too makes even better to steal all they want, who cares after all it is US taxpayers paying for it US govt sure dosen't.
     
  6. S.A.T.A

    S.A.T.A Senior Member Senior Member

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    Pakistan's external debt is something like $ 40BN,quite a high price Pakistan has put for the war on terror.This is not the first Pakistan has requested a wrote off,infact most western countries probably already know Pakistan will never be in a position to ever pay the debt off.

    West did not lend a kind ear during its prosperous years,why does Pakistan think it will magnanimous now when they are almost bankrupt.
     
  7. Daredevil

    Daredevil On Vacation! Administrator

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    If their economy is in dire straits then why live beyond their means as pointed in this article.

     
  8. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    pakistan has a policy of keeping intentionally high debt so they can get a handout wherever they can, recently with all the aid they got they claimed they had 11 billion in foreign reserves.
     
  9. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    this is a ploy pakistan has played once too many times and one does not have to stretch one's memory too long back when they last did the same and man they are masters at pulling it off with quite a lot of success. post 9/11 mush's regime which at that time was reeling under tremendous external debt made a similar plea and the background then was also not very different, when they were struggling to maintain a healthy rate of forex reserves and looked like heading towards bankruptcy and as were to be the case their friends in the white house came to their rescue by pressing up on various lenders who wrote off those loans as bad debts. they say history repeats itself and i for one do not see any difference this time round as well. lets go back a few months and recall the statement of zardari where he put a figure of 100b usd that his nation required to move out of the financial mess that they found themselves in, well its not been a year to that statement and he has been able to pull off something like 25b usd so far when at that time we all had a big laugh and mind you this at a time when there is global recession. a point needs to be noted here, when a financial figure is thrown then that is worked in such a way that it is a few times of the actual required number and if their aim was around 60b usd they built a case around a figure of around 100b usd and started selling the figure and from where i can see they have yet again pulled of a master stoke. there is a reason why zardari is called mr 10%, and least we write him off when he is capable of much more.
     
  10. JattDaDanda

    JattDaDanda Guest

    :blum3:Begging Bowl Is Getting Bigger & Bigger.:2guns::Laie_39: Allah kay naam pay dede BABA. Nahi tau hum bumb phord dangey.:viannen_10:
     
  11. 1.44

    1.44 Member of The Month SEPTEMBER 2009 Senior Member

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    And dreams of having J-10's,AWACS's.Nuke subs,taking control of Kashmir and India....and so on
    IF WISHER WERE HORSES........................THEN BEGGARS WOULD RIDE
     
  12. F-14

    F-14 Global Defence Moderator Senior Member

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    a dogs tail will never be stright no matter how hard we Try
     
  13. Yusuf

    Yusuf GUARDIAN Administrator

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    Standard Pakistani ploy. It begs for aid and begs for debt relief. In the mean while it uses all the money in nefarious activities.
    Pakistan has gotten away with it every time and thats why it continues the policy of splurging as it knows it will be able to get all the money written off or get more aid.
     
  14. F-14

    F-14 Global Defence Moderator Senior Member

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    or they will say that we are the FLS (Front Line State ) In the war on terror Blha blah..... and then they will say that if we go then it is end of the world as we know and shit
     
  15. luckyy

    luckyy Regular Member

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    in the point of view of pakistan govt , they would like to keep this war going for ever as it has became cash cow for them....

    the moment money stop coming , pappus will again join hand with taliban......
     
  16. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    i never seen a country rewarded so generously for losing a war.
     
  17. constantin

    constantin New Member

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    Well this is a pure Pakistani trick to get money and use it against India, almost the whole political world knows this fact what Pakistan has been doing with American Aid. though I guess they are taking actions to destroy Taliban but you never know whats going on inside their minds
    A possible related article can be Enews the article talks about is Pakistan playing with the world?
     
  18. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    USA should forgive Pakistan's loan and forgive them for 9/11,Osama Bin laden and Taliban and Nuclear proliferation,losing afghan war and give them 100 billion dollars for being such good allies i think this is what Obama will do next.
     
  19. Rage

    Rage DFI TEAM Stars and Ambassadors

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    Is there no end to this mendicity?

    As a nation they must feel really proud of their ability to scrounge for orts at the bottom of the tub.

    Pakistan, you amaze me!
     
  20. johnee

    johnee Elite Member Elite Member

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    Pakistan knows that the uncle will not let it drown. The fact that Pak has able to pull it off is not due to Pak's talent, but becoz of White House. White House has kept Pak alive artificially to use it as a counter against India. Without Pak, US will not be able to do much in this region. India would become too uncontrollable, specially with CAR nations opening up to India. Pak allows US to intervene in this region and keep CAR away from India. So, US will keep giving aid to Pak. That is the reason that Pak always talks of mismatch of power(or arms race) in this region to convince US to give more. Becoz Paks know that both US and China use it as a counterbalance for India.

    If India were in a similar position as Paks, US would help us also. Becoz he intends to use India as a counterbalance for China. China knows that and therefore has played foul. It has used rogue nations(nations that will not listen to US) as its puppets to further its geopolitical interests. We need to do the same that China has done. As India grows, we need to take some hard(very hard) decisions, support shady regimes, proliferate all kinds of weapons and tech, copy, borrow and steal. India will be demonised by west, as it grows and we have to take it on chin. There is no easy path. We either become another Japan(ever dependent on US) or China(next potential superpower). US' interest is in maintaining status quo, it will not allow any one nation to rise too much. It will try to balance it out by raising its opponent to the same level. This is what US is doing with Pak. US will not allow Pak to die lest it loses any influence on this region and India. And to break out of this structure, India will have to play dirty, just as China had done starting from 90s. And today, it is reaping the rewards. US is starting to accept and concede power to China.
     

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