"Funds in these accounts are fully repatriable (no limit on inflow or outflow of money from the accounts)" WIKI
lol
This is a ponzI scheme. They are going to borrow to pay this. They cannot pay 6-7% dollar interest when dollar interest in the rest of the world is like 1-2%. Heck even india only offers 3-4% dollar interest rates. This program probably violates imf guidelines - one reason imf suspended the program. Pakshitstan is caught in a low income debt trap like the poorest African countries. They cannot get out of it for decades. Meanwhile by 2026, we should be an upper middle income country with per capita greater than $4000."Funds in these accounts are fully repatriable (no limit on inflow or outflow of money from the accounts)" WIKI
View attachment 99292
WTF dollar in-dollar out or something else ? like dollar in -only PKR out. 6% p.a is good rate.wer the hell they get the money from for payback ??
so far they got 1.5 billion $ from this scheme, that means they have to pay above 100 million $ as interest next year. this at a time 400 million $ out of 800 million $ loan to maintain forex from world bank has been withheld. Forex by itself does not generate revenue, so this interest payment has to go from tax payers money."Funds in these accounts are fully repatriable (no limit on inflow or outflow of money from the accounts)" WIKI
View attachment 99292
WTF dollar in-dollar out or something else ? like dollar in -only PKR out. 6% p.a is good rate.wer the hell they get the money from for payback ??
60% of their budget is already for interest payments. 30% for their military. 10% is for cleaning perennial garbage in Karachi. Now imraand has to crack the whip on poor Pakistanis to get $100 million more just to pay interest on this unproductive asset. Maybe they will ask their real central bank governor Hafiz Saeed to collect jihadi donations to finance their national budget?so far they got 1.5 billion $ from this scheme, that means they have to pay above 100 million $ as interest next year. this at a time 400 million $ out of 800 million $ loan to maintain forex from world bank has been withheld. Forex by itself does not generate revenue, so this interest payment has to go from tax payers money.
what a mess. Desperate times desperate measures I guess.
Inflows in govt's Roshan Digital Accounts cross $1.5 billion: PM
Says it is good news for SBP as the scheme achieves more milestones * Imran says the accounts and deposits have set new records since the $1-billion event two months agowww.brecorder.com
www.geo.tv
So this Roshan scheme is hurting Pakistan‘s economy in simple terms?so far they got 1.5 billion $ from this scheme, that means they have to pay above 100 million $ as interest next year. this at a time 400 million $ out of 800 million $ loan to maintain forex from world bank has been withheld. Forex by itself does not generate revenue, so this interest payment has to go from tax payers money.
what a mess. Desperate times desperate measures I guess.
Inflows in govt's Roshan Digital Accounts cross $1.5 billion: PM
Says it is good news for SBP as the scheme achieves more milestones * Imran says the accounts and deposits have set new records since the $1-billion event two months agowww.brecorder.com
atleast old Delhi redevelopment is on going as can be seen in the video, not one instance of infra upgrade projects visible in karachi video.
Are you out of your mind ?
www.incpak.com
That’s only a road upgrade which isn’t something too special.
That's how old cities are upgraded, bit by bit. hyderabad was upgraded that way.
www.financialexpress.com
Hyderabad doesn’ look any special to me, especially that old char minar wala area.That's how old cities are upgraded, bit by bit. hyderabad was upgraded that way.
After Chandni Chowk redevelopment, Jama Masjid area, Netaji Subhash Marg in Delhi to get a makeover
For consultation work of Netaji Subhash Marg, Phase 2 of Chandni Chowk, and Jama Masjid area, a combined tender will probably be floated.
It will take more of a while. COVID has sucked shit out of India.
With 12 hours of load shedding in the “Paris of the East”, the only thing they will be able to assemble is a bunch of jihadis shouting “labbaik, labbaik….ya bullah rasooldallah”.@RoaringTigerHiddenDragon
Xiaomi reportedly setting up assembly plant in Pakistan
Chinese technology giant Xiaomi is reportedly setting up its smartphone assembly plant in Pakistan, which will help create employment opportunities as
Southern India for sure will become upper middle income. Per capita average income in the South is already $3100. Major urban areas - Goa, Cochin, Bangalore, Hyderabad and Chennai - are growing at a breakneck pace. I expect the south’s per capita and more importantly people’s wealth (from real estate appreciation) to grow by at least 10% per year. All social indicators are also getting to ASEAN standards.
Old delhi is slowly getting redeveloped. The real estate is getting valuable there for unorganized settlements to be there.
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