<b>Mudy Ji :</b>
Ejaz Haider of Daily Times states : Pakistan is up Sh*tcreek without a Paddle!
At least "Economically!!
<b>Defence spending, interest on debt absorb three-fourths of revenues </b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->KARACHI (April 05 2009) : <b>Defence spending and interest costs on country's rising debt are absorbing three-fourth of the revenues, says the State Bank of Pakistan.</b> The second quarterly report on the economy, issued by SBP, on Saturday also said that due to sharply constrained access to international capital markets as well as slower deposit growth in banks, the domestic interest rates will be more sensitive to government funding demands through the volume-based auctions of government paper.<!--QuoteEnd--><!--QuoteEEnd-->
<b>Note :</b>
<b>1. Pakistan's External Debt Servicing â For 2007-2008</b>
USD 1230.0 Million = USD 1.2300 Billion
<b>2. Pakistani Budget 2007-2008 : Table 1 â Page 5</b>
Expenditure : 1549611 Million = 1549.611 Billion
@ USD 1 = P. R. 61.33456 this Equates to About USD 25.25 Billion
75% = About USD 19 Billion
Interest Payment as per SBP Statement = USD 1.23
<b>2A. Pakistani Budget 2007-2008 : Table 1 â Table 16 Page 23</b>
Servicing of Domestic Debt P. R. 443118 Million = 443.118 Billion
@ USD = P. R. 61.334 Cost of Servicing Inter Debt = USD 7.23 Billion
Total Amount Paid for External + Internal Debt Servicing = USD USD 8.46
<b>Thus Pakistanâs Annual "OFFICIAL" Defence Spending for 2007-2008 is over USD 10.5 Billion!!!</b>
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->
Ejaz Haider of Daily Times states : Pakistan is up Sh*tcreek without a Paddle!
At least "Economically!!
<b>Defence spending, interest on debt absorb three-fourths of revenues </b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->KARACHI (April 05 2009) : <b>Defence spending and interest costs on country's rising debt are absorbing three-fourth of the revenues, says the State Bank of Pakistan.</b> The second quarterly report on the economy, issued by SBP, on Saturday also said that due to sharply constrained access to international capital markets as well as slower deposit growth in banks, the domestic interest rates will be more sensitive to government funding demands through the volume-based auctions of government paper.<!--QuoteEnd--><!--QuoteEEnd-->
<b>Note :</b>
<b>1. Pakistan's External Debt Servicing â For 2007-2008</b>
USD 1230.0 Million = USD 1.2300 Billion
<b>2. Pakistani Budget 2007-2008 : Table 1 â Page 5</b>
Expenditure : 1549611 Million = 1549.611 Billion
@ USD 1 = P. R. 61.33456 this Equates to About USD 25.25 Billion
75% = About USD 19 Billion
Interest Payment as per SBP Statement = USD 1.23
<b>2A. Pakistani Budget 2007-2008 : Table 1 â Table 16 Page 23</b>
Servicing of Domestic Debt P. R. 443118 Million = 443.118 Billion
@ USD = P. R. 61.334 Cost of Servicing Inter Debt = USD 7.23 Billion
Total Amount Paid for External + Internal Debt Servicing = USD USD 8.46
<b>Thus Pakistanâs Annual "OFFICIAL" Defence Spending for 2007-2008 is over USD 10.5 Billion!!!</b>
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->