The Debt Inquiry Commission has also examined the complete record of 420 foreign loans.
For Urdu Translation:-
In its report, the commission set up by Prime Minister Imran Khan in the past has identified 250 people belonging to 21 institutions, according to government sources. According to sources, the Loan Commission has prepared a loan report of Rs. 2400 billion from 2008 to 2018, in which serious irregularities have been disclosed. Is also mentioned.
The report also details the details of transferring money from various development projects to private accounts. The Inquiry Commission has also examined the complete record of 420 foreign loans. According to sources, details of other projects including Orange Line Train, BRT Peshawar, Coal Power Plants and Neelam Jhelum are also part of the report. We had to collect the details of the loans and their use from 2018.
The commission, which also included members of the FIA and ISI, was handed over to the deputy chairman, Hussain Asghar, headed by the 12-member commission set up by Prime Minister Imran Khan.
The commission, which operates under the PTI government, may ask the then political leadership and cabinet members if such conditions were approved to borrow so much, whether Prime Minister Imran Khan's advisor to the treasury and the People's Party from 2010 to 2013 Hafiz Shaikh, Finance Minister has also been interrogated? General Chat Chat Lounge According to State Bank of Pakistan data, from the end of FY 2007-08 to the end of FY2017-18, Pakistan's total debt increased by $ 49 billion and increased from $ 46.2 billion to $ 95.2 billion. This is an increase of more than 100% of this $ 49 billion in the PPP era, ie $ 14.7 billion between 2008 and 2013 while $ 34.3 billion was borrowed during the Muslim League-Nun era.
In the first seven months of the PTI's government, Pakistan's total debt has increased from 95.2 billion to $ 105.8 billion, which is approximately $ 10.6 billion. These loans are borrowed from the government's domestic banks, external to private companies. Loans, including public sector companies, guarantees and unsecured loans. If Saudi Arabia gives Pakistan three or four billion dollars to improve its foreign exchange reserves today, and it is not in debt, it will still count towards Pakistan's liabilities, if we just leave the rest. The story of two things, namely the government's external debt and the borrowing from the IMF, is a bit different.
If we collect only the government's external debt and borrowings from the IMF, it increased from $ 41.8 billion to $ 70.2 billion from the end of FY 2007-2008 to the end of FY 2017-18 if from 2008. Looking at the PPP era till 2013, it increased by $ 6.3 billion, while in the PML-N period, the amount increased from $ 48.1 billion to $ 70.2 billion, an increase of $ 22.1 billion.
In the first 7 months since PTI came to power in August 2018, Pakistan's government debt has increased by $ 4 billion in the first seven months, irrespective of whether the increase was legitimate or not, here it is important to remember that Imran Khan is now a container. But the Prime Minister is sitting in the House and his statements can move from the stock market to the country's growth rate.
If the Prime Minister's statement gives the impression that the last two governments have borrowed Rs 24,000 billion, it may not be true. One more important thing is that in the PPP era, the private sector has invested 1.26 billion from abroad. While borrowing dollars, the private sector borrowing from the private sector during the Nawaz Sharif era for $ 6.05 billion abroad is generally seen as a positive sign that the economy is booming and perhaps one of the reasons in the pro-Nawaz era. There may be an investment attached to a pack.
In the historical context, the average interest rate on loans to Pakistan has been almost the same as it was for other South Asian countries since 2013. If you look at the trend, the interest rate on Pakistan's loans has been higher than that of South Asia. In this regard, Prime Minister Imran Khan has said that the government pays a large portion of the interest collected in interest payments.
If total payments are to be considered, Pakistan has paid $ 37 billion 211 million of the original loan amount (ie principal) from June 2009 to March 2019 and during the same period paid $ 13 billion 452 million in interest. Here we make payments in dollars. Therefore, they are calculated as they are done in the form of dollars and the increase or decrease in the value of the rupee does not affect them. But if we only look at principal payments and interest in terms of government debt, IMF, and currency liabilities (ie, exclude loans from public-sector companies or external debt of private companies, etc.) in this period The amount is 31 billion 263 million and the interest is 11 billion 372 million.
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