Twirp : Terrorist Wahabi Islamic Republic Pakistan 3

[Naresh]

<!--QuoteBegin-Mudy+Oct 25 2008, 09:10 AM-->QUOTE(Mudy @ Oct 25 2008, 09:10 AM)<!--QuoteEBegin--><!--QuoteBegin-Naresh+Oct 25 2008, 04:18 AM--><div class='quotetop'>QUOTE(Naresh @ Oct 25 2008, 04:18 AM)<!--QuoteEBegin--><b>Mudy Ji & Viren Ji :</b>

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

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16.7% will be added to actual principal for next 3 years.
There will be some extra charges or condition on top of that.
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<b>Mudy Ji :</b>

Many thanks for your elucidation.

Further request : Does it mean that Pakistan will get US Dollars 3.2 Billion every Year and at the end of the Third Year will be accredited with the Mark Up of 16.7% thereby making the Sum to be “Repaid” to the IMF as US Dollars 11.2032 Billion?

Also : Will the sum be repaid over a period of say 20 to 30 Years and if so then would there be any further Interest or would the Sum of US Dollars 11.2032 be repaid in Twenty or Thirty Instalments?

Many Thanks in Advance.

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