Twirp : Terrorist Wahabi Islamic Republic Pakistan 3

[Naresh]

<b>Mudy Ji :</b>

Pakistani Debt Burden is going "Northwards" every day :

<b>Pakistan to approach IMF after FoDP word : official</b>

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->According to Pakistani authorities as well as IMF’s projections for the ongoing fiscal year 2008-09 in accordance with the Fund’s document, Pakistan will receive a total $3.595 billion in shape of total budgetary support for the ongoing fiscal year from multilateral as well as bilateral donors.

<b>Comment :The World Bank loan is part of broader financial support by multilateral institutions for Pakistan, which included a $7.6 billion loan from the International Monetary Fund</b>

<b>TThe World Bank is projected to provide total $800 million to Pakistan in the ongoing fiscal year.</b> The WB had so far disbursed $500 million while remaining $300 million would be provided before June 30, 2009.

The ADB had so far provided $834 million to Pakistan during the first nine months (July-March) period while another $500 million would be provided in the last quarter (April-June), <b>totaling its assistance up to $1.334 billion for the ongoing fiscal year 2008-09.</b>

<b>The Islamic Development Bank (IDB) is projected to provide $761 million to Pakistan during the ongoing financial year.</b> So far the IDB provided $661 million and the remaining $100 million was expected to be given to Pakistan during the last quarter of the ongoing fiscal year.

Pakistan is projected to receive $500 million from bilateral support, which Islamabad has already received. Pakistan is expecting to receive total $200 million in shape of short-term commercial inflows, which have already been received by Islamabad.<!--QuoteEnd--><!--QuoteEEnd-->

In addition Pakistn has received two Tranches of USD 500 Million each from the Chinese.

As such in the present Financial Year Pakistan has received USD 10 Billion - Possibly upto USD 15 Billion.

I suppose the Pakistani External Debt will now have risen to USD 55 to 60 Billion!

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