Development loan

اک وقت ایسا بھی گزرا ہے۔ جب پاکستان نے جرمنی کو ترقیاتی کاموں کے لیے قرضہ دیا۔
Field Marshal Ayub Khan gives Development Loan to West Germany in 1963..!
It is reported in Ummat newspaper of Pakistan that, “50 years ago Pakistan provided 120 million (rupee) loan to West Germany for development. After getting independence in 1947, the country (Pakistan) was making progress by leaps and bounds because of sincere leadership and bureaucracy. According to the old documents achieved from Ministry of Finance (Pakistan), 50 years ago, in 1963, Pakistan provided 120 million (rupee) development loan to West Germany, which was considered more prosperous compare to East Germany at that time, for 20 years.” [1]
This is extremely surprising not only for Pakistanis, who think that their country has always been on receiving side, but also for Germans and many other people who always claim that Pakistan has made no substantial progress since it got independence from British Raj. Ayub Khan was the President of Pakistan from 1958 to 1969. This was golden era for Pakistan in terms of economics.He came into power through military coup which caused many other problems for Pakistan including separation of East Pakistan (which became Bangaldesh), but economically Pakistan made progress by many folds....