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    $447 mil Canadian loans erased.

    Canada announced the removal of all sanctions except for military sales, and forgave $447 mil (US$283) in loans. The first write-off, hopefully to be followed by more.
    http://www.dawn.com/2001/10/02/top9.htm

    #2
    how much is total debt of Pakitan? and who are providers of how much... can anyone post a brief overview here?

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    We oughta be Changez like, don't we?

    [This message has been edited by Changez_like (edited October 02, 2001).]

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      #3
      thatz y therez recession in Canada now...

      DerVaisH

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      muhabatein theen kabhi apne dermian kitni...
      bicha gaye hai anna hum mein doorian kitni...
      abhi to toota hai dil hi teri judai mein...
      girein gi hum pe abhi aur bijlian kitni...

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        #4
        Originally posted by ^DerVaisH^:
        thatz y therez recession in Canada now...

        DerVaisH

        does that mean that Canada's economy is not that big?

        ------------------
        We oughta be Changez like, don't we?

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          #5
          Originally posted by Akif:
          Canada announced the removal of all sanctions except for military sales, and forgave $447 mil (US$283) in loans. The first write-off, hopefully to be followed by more.
          http://www.dawn.com/2001/10/02/top9.htm
          Good news for Pakistan.

          Comment


            #6
            Originally posted by Changez_like:
            does that mean that Canada's economy is not that big?

            Per capita Canadian economy is half a trillion dollars smaller... Beside Canada is heavily US dependent.

            Perhapes someone can give us a better picture.

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              #7
              bump

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                #8
                Dont forget the $850 million grant to Pakistan by ADB annouced on 17th Feb.

                Also, the 300 million grant by the Japanese as announced on 15th March.

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                  #9
                  hopefully with all this foreign aid the economy wil finally pick up..and i know who on this board will be claiming credit for it!

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                    #10
                    Originally posted by RealDeal:
                    ...hopefully with all this foreign aid the economy wil finally pick up..and i know who on this board will be claiming credit for it!...

                    All the poor and sincere people of Pakistan that have toiled for the country should be taking credit for it. By god they deserve it. Especially, after the billions of dollars that had been looted by the previously elected leaders of the sham democracy - the money that should have been used for the betterment of the poor and needy of Pakistan.

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                      #11
                      Originally posted by 2bornot2b:
                      Dont forget the $850 million grant to Pakistan by ADB annouced on 17th Feb.

                      Also, the 300 million grant by the Japanese as announced on 15th March.
                      Japan is one of the countries that is genuinenly interested in helping Pakistan's reduce the $38 billion external debt. The $300 million grant is meant to help in that regard, but it has also proposed that Pakistan be given more grants and interest free loans to start paying back more of the external debt. I think it is going to push Pakistan's case pretty strongly on this matter on a conference on this matter that is being held very soon?


                      Japan, a member of the G-7 counties, is reportedly arguing with other bilateral donors and international funding agencies that Pakistan should not be offered fresh loans. Instead, only grants and other interest-free contributions be considered to help it reduce its debt mountain.


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