Showing posts with label $650 millions loan. Show all posts
Showing posts with label $650 millions loan. Show all posts
Thursday, 1 September 2016
Moonis Elahi Says PMLN's Incompetence Exposed
PMLN has come into power in the 2013 elections and as it has completed 3 years of governance, it's claims of taking Pakistan on the road to prosperity have fallen apart in the latest move to acquire $650 millions more in terms of loan.
Moonis Elahi terms the move as a complete failure because had the incumbent government really be making progress, it would not have required the said amount to move further. This loan has further burdened Pakistan with a huge amount it already owes to the international loan lending institutions and returning them with a heavy interest would make it difficult for the citizens to survive.
Labels:
$650 millions loan,
Moonis Elahi,
Nawaz Shareef,
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PMLN,
PMLQ
Tuesday, 30 August 2016
PMLN Sets New Record With Highest Debt Taken Ever
Pakistan recorded its highest external debt ever escalating at over $72 billion. It is the highest ever
in the history and it clearly shows what the PMLN is capable of. The nation is burdened due to their incompetence and massive corruption.
Moonis Elahi expressed concerns over the amount saying this amount will clearly destabilize the financial situation casing a huge rise in inflation all over the country. Will the poor is already oppressed, how would a common man be able to survive in such conditions where a major fraction of his hard earned money would be stolen from him the form of taxes says Moonis Elahi. At $72bn #Pakistan external #debt now stands highest in history, reports #StateBank . #PMLN taking us towards #bankruptcy
Labels:
$650 millions loan,
bankruptcy,
debt,
loan,
Moonis Elah,
Pakistan,
pml,
PMLN,
PMLQ,
StateBank
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