Loud Thinking

My email to Mr. Ishaq Dar FM Pakistan on 12 April, 2014.

Mr. Ishfaq Dar finance minister of Pakistan will you please explain:

Sir,

Pakistan took last year in 2013 $6.7 billion loan from IMF at 3% interest rate, when in December 2012, IMF had decided to offer loan to poor countries at 0% interest rate.

Now this year, why Pakistan has floated bonds in the international market for a 10 year period for $1 billion at 8.25%interest?

Best regards,

Syed Nayyar Uddin Ahmad

Lahore.

Sent from my iPad3 4G LTE