One day people will stop conflating revenue with stock market cap. Tata groups revenue was $150 billion last FY, so half their GDP which is still amazing.
India's Tata Motors is now bigger than entire Porkistani economy. ..
Bloody if Tata Motors want $10 billion from world bank or any other bank it can get it easily and on better terms than the shit hole of country called Porkistan...
It is interesting to note the Chinese (Iron bros) are the ones who are pulling most of their money out of Pakistan.
Iron bro is rusting .. they themselves have net negative capital flows they need every bit of hard cash back in the motherland.
I am all for Kakar to continue as PM until Imran checks out.
Chinese have spent anywhere from 25 to 50 billions (nobody knows the actual figures) on CPEC. They must feel like Idiots.
Next 72 hours for Pakistan is going to be very heavy.
Chinese haven't made a bad deal economically. Already extracted their pound of flesh by, 1) getting contracts for their own companies which work in Chinese currency and at a significant premium to the Pakistani exchequer with payouts in FX, (2) cash flow machines like toll roads and electricity discoms- they will generate cash no matter the degree of starvation in the country. With every Chinese debt trap, it's the host country that gets screwed and never China herself.
Yes and no. Chinese will be able to make Pakis pay back some/most but not all. There are rumors going around that Chinese will want some real estate (Gwadar or GB) in lieu of their $. But unrest in Balochistan and GB is making those options very improbable. Hence the high level American visits to Gwadar and GB. This is now dawning on the Chinese.
gwadar may be but for GB, Doval saab will make them cry.
You are right. GB won't happen no matter how much Chinese bitch and moan. Currently, it is estimated about 3000 Chinese troops are present in GB guarding their CPEC investment. They are hoping to send more troops in but Pakis are not agreeing.
> over 60% living in abject poverty.
He needs to be reported to the authorities for making anti India statements and hurting the sentiments of a community.
Russians won’t entertain it because if they advocate for Pakistan’s entry India will leave and BRICS become useless. UAE and Saudi won’t let Pakistan in either. And India has a veto.It was quoted in some mainstream media (sorry don't have a link) that India and China came together to keep Pakis out of BRICS last year. Probably because of the fear of Pakis being a Western stooge.
Now Pakis are reaching out to Russians to find a way to get into BRICS.
Pakistan can join BRICS with Russian cooperation, says Mushahid Hussain
Senator Hussain is visiting Russia on the invitation of the ruling United Russia party.www.dawn.com
www.google.com
u can guess the replies he is getting .
