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    Say No To Loans

    Hard Facts.

    1. Pakistan's external debt increased by
    $11.049 billion from 1994 to 2000.

    2. We are now in debt of $ 38.423 billion.

    Source:

    World Bank's Global Development Finance Country and summary data 2001


    Naeem Sadiq

    [This message has been edited by raptor (edited April 02, 2001).]

    [This message has been edited by raptor (edited April 02, 2001).]

    #2
    30th March 2001.

    IMF approves Dollar 133 million loan for Pakistan, creating headlines of joy, new wasteful shopping sprees, laundring abroad , temporary resuscitation, and shameful incapacitation for a nation committed to self destruction.

    A nation whose each arriving leader vociferously promises to break the begging bowl, but blatantly engages in its refilling with renewed debts of dollars, indignity, and dishonour.


    Naeem Sadiq


    [This message has been edited by raptor (edited April 02, 2001).]

    Comment


      #3
      Debt Reduction comittee comes up with a Novel idea.

      Pakistan's debt reduction and management committee (DRMC) headed by the former World Bank official Pervez Hasan has come out with what may be considered as the most remarkable economic discovery of this century.

      They have asked the Government of Pakistan to take an additional $10 billion loan to pay back the previous loans.

      According to a senior journalist, "even an illitrate economic moron would have said the same thing if he was asked for advice on this subject."

      Is it true that experts are paid huge sums of money to manufacture so-called specialist reports so that the racket of loan taking can flourish.

      Any one for proposing Pervez Hasan's name for this year's Nobel Prize in economics.


      Naeem Sadiq

      [This message has been edited by raptor (edited April 02, 2001).]

      Comment


        #4
        What's your source regarding Pakistan's loan of 38.4 billion

        Comment


          #5
          Link it or don't post it.

          ------------------
          CROIRE A L'INCROYABLE
          You can't fix stupid. So might as well troll them!

          Comment


            #6
            Originally posted by CM:
            Link it or don't post it.

            The original article does say
            Source:
            World Bank's Global Development Finance Country and summary data 2001


            That would mean that the factual information stated comes from World Bank's Global Development Finance Country and Summary Data which was released in the year 2001.

            I'm sorry I don't have the page numbers.

            Comment

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