Not sure why you're crying. I just laid out some facts that countered your pseudo chawal POV on economics. I mean someone who has taken Econ 101 would know that what you wrote is absolute BS.
Well, I now get your problem, you have trouble reading and understanding things....anything more than 2 sentences is evidently not in your grasp to understand and hence all the childish nonsense by you all over the forums. And that's why I still wonder why
@Horus @TaimiKhan @Slav Defence @Major Sam @Jango @jaibi @Irfan Baloch @Foxtrot Alpha @blain2 are still quiet. I mean a few of your posts are evidence enough of your conduct so why the leniency with you, I wonder.
@Horus I had tagged you earlier too when the this admin banned me from the other thread and yet I have not seen any accountability. The reputation of the forum will continue to go down if seniors continue to turn a blind eye and elevate non-deserving and immature members to mods!
Agreed. But who told the PML-N to sign such horrible contracts that were completely in favor of the supplier. All the power projects started by PML-N during their era are cancerous, Pakistani people will be paying for these contracts for the next 40 years. For kickbacks and commission, they sold the country. I mean, the producers had an IRR of 20% on a freaking utility project. So the power generation projects you're talking about, they were purely there for commission/kicksbacks.
And please, lets not talk about industrial policy for PML-N as they had none. Industrial growth and exports reached an all time high during PTI tenure. While PML-N it was traders who were benefitting immediately as importing goods is far easier and more commission worthy then hardwork. Your grasp of Econ 101 is worse then that of a child in KG.
Have you ever been shopping for an item which is in extremely high demand and short supply? You would not have made the point if you ever had; when the previous regime negotiated for power, the country was kneeling with extreme power crisis to the point where a big portion of our industry, especially textile, had gone to Bangladesh. Pakistan was desperate for power and the situation was exploited by the sellers and despite all that the power contracts were neither poor nor unfair, some conditions could be hard but were still digestible and doable as long as Dar was working his magic. A growing GDP, eventual lowering of imports (once CPEC and power plant related items had been imported) and gradual increase in exports would have worked wonder......only if some continuity and support had been provided to the Government.
And I wonder if you have bothered to read a single one of those contracts yourself; it is ironic that you would trust the words of munafiq-e-aala and U-Turn rather than read the contracts yourself and point out where the cancerous condition really are! Just like LNG LTC from Qatar which have proven to be the cheapest and most reliable source of LNG as opposed to spot cargoes which PTI bought at 2-3 times; but to you that would be acceptable as an honest mistake and cheaper LTC by Haqqani were done for kick backs. Well, you know what, kick backs would most likely have been involved but if Pakistan got a better deal in the end then what are we complaining about exactly?
PML had no industrial policy? Seriously, is that how naive and ignorant you are? All policies from vehicle policy to FEZ to EEZ etc., were given by Dar. Every policy that PTI has worked on has roots from PML era; the difference being competent PML vs extremely incompetent and nonsense PTI which is proven by their change of Finance Ministers and Secretaries in their less than 4 year tenure! The plan was always to establish a base with Tax & Business benefits and cheap, abundant electricity for all FDI, especially export oriented industry, etc.!
Chalo more Chawalis. Your suggestion is, your take home pay is 2 Lakh rupees but please go borrow money from the bank and buy a Land Cruiser.
And again, you fail to grasp simple sentences. My suggestion is to manipulate the exchange rate to our advantage based on our situation. China did it for decades, Japan did it, Saudi Arabia and UAE have permanent pegs to the US; almost every country does that to the country's advantage.
And in your lingo, the plan would be that you take a loan to buy your own house and perhaps pay 120k out of the 200k pay for mortgage instead of paying 80k for rent. Admitted that you end up paying more every month but at the end you gain an asset!
A good article with updated numbers on the external front.
Imran Khan led former PTI government took loans worth over $57b during its rule
tribune.com.pk
PTI was worse than PMLN, all fluff and nothing of substance.
It would be prudent if someone could find out where did PTI spend $31B if the rest $26B were used for repayments.
Well, there is a saying that an incompetent fool will spend Croesus's treasure because of incompetence. Need I say more?
. PML-N had only one industrial policy, import as much as you can cause that's far easier to make commission on rather then focusing on exports.
