Tag: foreign loans

Our country’s total foreign debt is USD 37 billion. However, this person [the one who posted on social media] is citing a false figure... [He] claims that we obtained loans of up to [USD] 100 billion [from USD 71 billion] over the past two years. However, everyone knows that no country gave us loans after we declared our inability to repay our debt. No country has the legal right to provide loans to us... How can we obtain loans if no country is providing loans to us? Should I go and rob the Bank of England?

The foreign loans obtained to construct the expressways and have not been repaid yet amount to Rs. 800 billion. The annual profit [from expressways] is Rs. 5 billion. Even if we continue to earn a profit of Rs. 5 billion in this way, it will take us 160 years to repay this debt.