Twirp : Terrorist Wahabi Islamic Republic Pakistan 3

[Naresh]

<b>Mudy Ji & Viren Ji :</b>

This is the result of you two saying "No Thanks"!

[center]<img src='http://www.dailytimes.com.pk/images/2008/10/25/20081025_ed07.jpg' border='0' alt='user posted image' />[/center]

Please refer to the following Article :

<b>Bitter fruits of IMF bailout</b>

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->ISLAMABAD: Pakistan will have to cut its defence budget by 30 per cent in the next four years if it agrees to the IMF conditions for a bailout package now being discussed in Dubai between the two sides, a document containing the IMF conditions seen by this correspondent reveals.

<b>Under extremely tough conditions, Pakistan would get $9.6 billion from the IMF during the next three years at a mark-up rate of 16.7 per cent per annum,</b> reveals the document. The IMF funding will not be rescheduled, says the document. Pakistan would also furnish to the IMF 48 hours before signing the funding agreement details of all loans it got under the bilateral and multilateral arrangements.<!--QuoteEnd--><!--QuoteEEnd-->

What is the meaning of <b>at a mark-up rate of 16.7 per cent per annum,</b>.

Does <b>"mark-up rate" mean "Interest Rate"?</b>

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->