Pakistan included in G20 debt relief plan

[Bewal Express]

Karz aur bheekh mai farak hota hai....

The first one is paid back with interest and has no shame...

The second one is shameful

Having 300mn below the poverty is more shameful than anything and you guys are world leaders in that. You can label it any way you want but you have to pay it back. Get over it, you are also a 3rd World hell hole where everyone is trying to escape from.

 

[Bewal Express]

US is the biggest beggar according to your logic , you just opened my eyes . Guess what it’s also 20 time’s more than Pakistan and for some reason it’s not Trump who’s on his knees asking to write off their debt . That’s strange right ?

It's not my definition, it's yours. You guys said PK asking for loans is begging, by your definition, you are much bigger beggers than us, and you have 300mn in absolute poverty.

 

[Bewal Express]

Karz aur bheekh mai farak hota hai....

The first one is paid back with interest and has no shame...

The second one is shameful

Get over it, they are both loans and both have to paid back. What's more shameful than having 300mn on the breadline and boasting that you are a rich country.

 

[Mesozoic]

It's not my definition, it's yours. You guys said PK asking for loans is begging, by your definition, you are much bigger beggers than us, and you have 300mn in absolute poverty.

You are sounding so desperate bringing up that "300 mn in absolute poverty" figure out of thin air just to satisfy your inflated ego.

First of all, that figure is plain wrong. India has 70 mn (5% of the population) people living in extreme poverty according to the world poverty clock and this was in 2018 so I believe it'd have come down even further. The 300mn figure you're mentioning in each post might be of multi dimensional poverty which is a whole other thing than what you think it is.

Second of all, there is a world of difference between begging for loans on every other int'l forum just to run the state and external debt of a country which is mainly due to private firms and corporates taking loans for non-state objectives. As a few other posters mentioned, countries like Japan, Germany etc have higher external debts than India for the exact same reason. It's as silly as it gets to even compare the two scenarios no matter how desperate you are.

 

[Bewal Express]

You are sounding so desperate bringing up that "300 mn in absolute poverty" figure out of thin air just to satisfy your inflated ego.

First of all, that figure is plain wrong. India has 70 mn (5% of the population) people living in extreme poverty according to the world poverty clock and this was in 2018 so I believe it'd have come down even further. The 300mn figure you're mentioning in each post might be of multi dimensional poverty which is a whole other thing than what you think it is.

Second of all, there is a world of difference between begging for loans on every other int'l forum just to run the state and external debt of a country which is mainly due to private firms and corporates taking loans for non-state objectives. As a few other posters mentioned, countries like Japan, Germany etc have higher external debts than India for the exact same reason. It's as silly as it gets to even compare the two scenarios no matter how desperate you are.

As you are not in poverty you can say 70mn without any conscious, and the fact that I have shown you a true picture of 3rd Worid country really hurts you.
You defined loans as begging and then ran from your definition. If borrowing money is begging, then you are the bigger begger.

 

[Kriketer]

You can see the pain in Indians how they are struggling with factual terminologies associated with their country like third world country and poor country.

They really do live in some absolute Lala land, a different dimension where it's only Shinning India, Incredible India, Mahan Bharat, Rich India etc etc

Their obsession and nationalism over their country being "mahan" is clearly visible through out social media. One can only facepalm and grin over such claims. You should obviously love your country, but don't turn it into a mockery by making absolute comical claims.

 

[Mesozoic]

As you are not in poverty you can say 70mn without any conscious, and the fact that I have shown you a true picture of 3rd Worid country really hurts you.
You defined loans as begging and then ran from your definition. If borrowing money is begging, then you are the bigger begger.

True picture ?

All you've been doing so far is throwing around fake numbers to cover up your insecurities to satisfy your false pride. I have no shame in accepting that we're a third world country, so it doesn't really hurt though...

No matter how hard you try you'll never be able to equate external debt caused by private ownerships to the head of a State running around begging for hand-outs to run his country. Apples to Oranges...

 

[Syed1]

You can see the pain in Indians how they are struggling with factual terminologies associated with their country like third world country and poor country.

They really do live in some absolute Lala land, a different dimension where it's only Shinning India, Incredible India, Mahan Bharat, Rich India etc etc

Their obsession and nationalism over their country being "mahan" is clearly visible through out social media. One can only facepalm and grin over such claims. You should obviously love your country, but don't turn it into a mockery by making absolute comical claims.

It is the Hindutva delusions of grandeur to think of themselves as some rich developed country to get over the centuries of being subjugated to foreign rule. This chest thumping is all because of their insecurities and incessant need to 'prove a point'.


It's funny how the Hindutva brigade was claiming loans as begging and then mirror was shown to them where the volume of their loans is 5 times ours and then they had to go back on their own definition of 'begging' )


Chotay log

 

[Mesozoic]

It is the Hindutva delusions of grandeur to think of themselves as some rich developed country to get over the centuries of being subjugated to foreign rule. This chest thumping is all because of their insecurities and incessant need to 'prove a point'.

As if you people weren't....

 

[Bewal Express]

True picture ?

All you've been doing so far is throwing around fake numbers to cover up your insecurities to satisfy your false pride. I have no shame in accepting that we're a third world country, so it doesn't really hurt though...

No matter how hard you try you'll never be able to equate external debt caused by private ownerships to the head of a State running around begging for hand-outs to run his country. Apples to Oranges...

I am using numbers that you and your friend has used and i didnt challenge them so to give the benefit of the doubt. All the numbers are horrendous, but for you guys they are just numbers, not people. The fact that you ran from your definition must be so humiliating. I am sure you are now looking for a new definition lol

 

[gani999]

I don't see what the fuss is about?

The G20 has put Pakistan and many others countries in a debt-relief plan and has excluded India and a few others. It has nothing to do with who is more poor. India and Pakistan are both developing countries but India, due to the size of its economy, is seen as being more able to repay its debts. Hence its exclusion from the debt relief plan. It is what any sensible debtor is expected to do. It has nothing to do with any 'riches' that India may or may not have.

Countries take loans, default on them and ask for debt relief plans from debtors all the time. It is not 'begging'. Even the richest and most powerful countries have done it. No need for anyone to feel shameful.

 

[Energy]

I don't see what the fuss is about?

The G20 has put Pakistan and many others countries in a debt-relief plan and has excluded India and a few others. It has nothing to do with who is more poor. India and Pakistan are both developing countries but India, due to the size of its economy, is seen as being more able to repay its debts. Hence its exclusion from the debt relief plan. It is what any sensible debtor is expected to do. It has nothing to do with any 'riches' that India may or may not have.

Countries take loans, default on them and ask for debt relief plans from debtors all the time. It is not 'begging'. Even the richest and most powerful countries have done it. No need for anyone to feel shameful.

Thank you for this post. Was much needed.

 

[Bigboii]

I don't see what the fuss is about?

The G20 has put Pakistan and many others countries in a debt-relief plan and has excluded India and a few others. It has nothing to do with who is more poor. India and Pakistan are both developing countries but India, due to the size of its economy, is seen as being more able to repay its debts. Hence its exclusion from the debt relief plan. It is what any sensible debtor is expected to do. It has nothing to do with any 'riches' that India may or may not have.

Countries take loans, default on them and ask for debt relief plans from debtors all the time. It is not 'begging'. Even the richest and most powerful countries have done it. No need for anyone to feel shameful.

Hopefully this the ko that this thread deserves
Perfectly sums up the situation

 

[Napa]

Yes I hope nobody puts India and Pakistan in the same bracket. You have more poor people than we have people, and half of your population is answering the call of nature out in the open. Please don't bracket India with Pakistan.

It is true that India and Pakistan should not be bracketed together, but not for your delusional reasons.

India's <b>per cap</b> GDP for the end of 2020 is forecast to be a whopping 236% that of Pakistan's, up from 176% in 2018!

https://tradingeconomics.com/pakistan/gdp-per-capita

https://tradingeconomics.com/india/gdp-per-capita

The gap between the two countries keeps growing and growing.

 

[King-Misbah]

I don't see what the fuss is about?

The G20 has put Pakistan and many others countries in a debt-relief plan and has excluded India and a few others. It has nothing to do with who is more poor. India and Pakistan are both developing countries but India, due to the size of its economy, is seen as being more able to repay its debts. Hence its exclusion from the debt relief plan. It is what any sensible debtor is expected to do. It has nothing to do with any 'riches' that India may or may not have.

Countries take loans, default on them and ask for debt relief plans from debtors all the time. It is not 'begging'. Even the richest and most powerful countries have done it. No need for anyone to feel shameful.

Just immaturity from both sides. Evidently India has done well in the past 2 decades and built up reserves. Pakistan has had terrible 2 last decades. Its nothing to be ashamed of tbh. It is difficult times for all involved, hopefully some sanity prevails from both sides.

 

[AamchiMumbaikar]

Just immaturity from both sides. Evidently India has done well in the past 2 decades and built up reserves. Pakistan has had terrible 2 last decades. Its nothing to be ashamed of tbh. It is difficult times for all involved, hopefully some sanity prevails from both sides.

3 decades

1990-2020. It all started with Russian invasion of Afghanistan.

 

[MenInG]

Pakistan among latest countries to get Paris Club debt relief

The Paris Club of creditor nations have agreed to suspend debt service payments from Pakistan, Chad, Ethiopia and the Republic of Congo as part of a G20 debt relief deal, the group said.

The latest agreements bring to 12 the number of countries to receive debt relief under the deal with a total of $1.1 billion in debt deferred as a result, the Paris Club said, adding 30 countries had requested to benefit.

The overall debt relief would mean suspension of $1.8 billion payable by Pakistan to 11 countries during May this year to June next year, both in the shape of the principal amount of the loan and its interest. These amounts would then be built into the remaining repayment schedule.