Pakistan to secure another $2 bn from China to support reserves
ISLAMABAD: As the depletion of reserves continue, the government has planned to secure another $2 billion through the agreed short-term loan of $1 billion and another one billion through Panda bond.
According to reliable sources, China, which has already released $1 billion from China Development Bank (CDB), will secure another one billion short-term loan for the neighbouring country shortly. In addition to this, Pakistan will also try to secure at least another $ 1 billion from China through the issuance of Panda Bond in Chinese currency making the short terms arrangement of $ 3 billion from China.
As per the sources, even the injection of $3 billion, including $1.5 billion from CDB, $500 million from the Industrial and Commercial Bank of China (ICBC) and $ 1billion from the Panda bond, may not meet the required debt financing during the next few months as Pakistan is liable to pay back around $3 billion in the next three months.
In order to help the country steer through difficult times, the government is also in talks with the Islamic Development Bank (IDB), a multilateral development financing institution of Saudi Arabia and some other lenders. Besides, as the present government is fast completing its term, the interim government may also raise $2.5 billion through sovereign Eurobond to avoid plunging into another balance of payment crisis in the next fiscal year 2018-19, sources claimed.
Pak Army holds "Pak Zindabad" rally in Ziarat,Balochistan(Pashtun dominated area).Only a handful of people turned up
Manzoor Pashteen: The Pashtun folk hero making life difficult for Pakistan's ruling class
(Good article on Pashtun issues in Pakistan)
Pakistan (CNN)- Manzoor Ahmed Pashteen, a 24-year-old ethnic Pashtun, was just a child when the US-led war on terror began, and it wasn't long until it was on his doorstep.
He said his family, who live in Pakistan's north-western region, close to the Afghan border, first heard the name "Taliban" in 2004. By the end of the year, with fighting intensifying, his family was forced out of their village, Sarwakai.
The following year "the situation became such that whenever an elder spoke out against the war they would suddenly disappear."
Pashteen has accused the military of allying with the Pakistani Taliban -- an almost-sacrilegious accusation in a country where the military is counted among the strongest and most trustworthy of institutions.
"Ask them: Who they are harboring in their cantonment zones, if not the Taliban?" Pashteen tells CNN, referring to the security forces' military stations.
The military and intelligence services have responded to repeated requests from CNN for comment by saying they are "not available to comment."
His suspicions are not unique in the remote Federally Administered Tribal Areas (FATA), where years of war and violence have left villages destroyed and lives ruined by militant violence and heavy-handed government interference, which often leads to what they see as indiscriminate killing and arrests.
On Sunday Pashteen will address what could be his largest crowd yet, in Karachi, home to the country's largest urban Pashtun population.
Bangladesh didn't take azaadi from Pakistan,it was a conspiracy.Bangladeshis want to come back to Pakistan-Pak media panelist