Pakistan is not yet fully in the radicalized camp.
We are half way I think. Do you think there is any hope? From politicians or the military? or maybe both?
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Pakistan is not yet fully in the radicalized camp.
We are half way I think. Do you think there is any hope? From politicians or the military? or maybe both?
Right now it is up in the air which way Pakistan will choose to go. So yes, there is some hope of reversal.
Next General elections could decide where Pakistan might head towards I think.
Not only the head money but direct aid. It is a fact and I don't find the need to start what we have discussed half a million times before. Read this report if you have some time and also know the covert aid we hardly ever found it worthwhile to mention.All US reimbursements were received by Zardari, Musharraf only received head money of US most wanted.
Not true, the aid started coming soon after the earthquake happened. The world needed Pakistan and the original plea of $5 billion dollars was overwhelmed and the pledges worth above $9 billion dollars were made as I don't remember the exact amount.Even the 2005 earth quake collection of Pakistanis and Arab states was embezzled by Syed Yousaf Reza.
All I can say is, Musharraf did number of good things about economy of Pakistan but people give him undue credit for many things he did not do. I have seen people exaggerating the figure of Pakistan's economy in 1999 and 2007 very often but this figure of $30 billion dollars in 1999 and 200 billion dollars in 2007/08 is pretty new.As foolish as Musharraf was, credit where it's due, he turned a 30 billion dollar economy to a 200 billion dollar one.
It's a question of the amount and source of debt vs investment and savings.
India has much higher savings rate than Pakistan.
Most of India's public debt is domestic, not foreign.
India's mix of foreign inflows is mostly FDI, not loans.
That's the big difference between India and Pakistan.
During Musharraf years, most of Pakistan's foreign inflows came as FDI and export earnings, not debt.
Pakistan savings rate was also higher in Musharraf years.
To understand more, please read: Haq's Musings: Declining Investment Hurting Pakistan Economic Growth
1) I don't need to read articles for things that I can calculate in my sleep. I am not saying this with arrogance, I find it very strange that "analysts" without having strong background, history or future understanding of a topic, decide to "Write" stuff based on some research.
2) Allow me to address "Musharraff's time first. Which time? Till 2006 or later? Because after 2006 the US started to reduce the flow of insane amounts of dollars (over $ 10 billion NOT counting the coalition support funds). None of these $ 10 billion made it to the people of Pakistan or to pay the debt.
So when billions of dollars are free flowing and the the transportation network and travel industry in Pakistan was making billions through coalition support, OF COURSE you'll feel like there is "activity". But how come it died down so fast???? Because it was on someone else's money. If you'd like to, pay me $ 20 K a month, I'll buy a Ferarri on lase and will still save up from YOUR money. But ask of to do so on my own income, I may not be able to. This Musharraff's reference right here, tells me what mental set I am dealing with.
When you actually work in economy and strategy and finish a few large multi-national projects, come talk to me. There is no reason for me to waste my time on someone who thinks artificially donated money actually increased economic throughput of a country when no one wanted to talk about Pakistan, let alone invest into it!!!
4) India's debt is around 50% all different ways. Debt is debt, no need to add caveats like its internal or external. Their income is growing and they are spending the money on important things. That's what matters. As their tx base grows, they'll eventually pay off the debt too.
5) Pakistan's debt is around 24% or around there, plus minus a couple of percentages. That's not bad. As the economy related projects kick off, you'll see more revenue, investment and tax base getting increased, which means debt doesn't mean anything, as long as your economy is growing. A few years ago, the US hit nearly 100% debt to GDP ratio. And what happened? Now its way back to being in a normal range, still high. So the REAL issue is, create political stability, finish projects, bring in more investments and create more jobs, more tax base and better cash flow. Debt becomes meaningless.
You have $ 21 billion (little below 21 B) saved in your accounts right now. If this number keeps growing like this, in the next 5-7 years, if you REALLY wanted to, you can pay your debt as CASH!!!!
So I'd suggest let's not "analyze" something that you don't have expertise in, JUST to bash who you don't like ruling the country. And let's not praise people who've seriously damaged the country financially. Mushy had hundreds of millions of assets in the US and the UK under his son's name. Care to tell me how much a general make in Pakistan to have hundreds of millions of assets in the US?
New Recruit
Sure from "karaz uttaro mulk sanwaroo" to fastest growing economy it all happened with a magic stick ?Not only the head money but direct aid. It is a fact and I don't find the need to start what we have discussed half a million times before. Read this report if you have some time and also know the covert aid we hardly ever found it worthwhile to mention.
http://belfercenter.ksg.harvard.edu/files/Final_DP_2009_06_08092009.pdf
Not true, the aid started coming soon after the earthquake happened. The world needed Pakistan and the original plea of $5 billion dollars was overwhelmed and the pledges worth above $9 billion dollars were made as I don't remember the exact amount.
Later many pledges were not fulfilled but billions of dollars had already been disbursed (rumoured to have eaten up by the menace of corruption) between 2005 - 2008 before Musharraf resigned as President of Pakistan.
All I can say is, Musharraf did number of good things about economy of Pakistan but people give him undue credit for many things he did not do. I have seen people exaggerating the figure of Pakistan's economy in 1999 and 2007 very often but this figure of $30 billion dollars in 1999 and 200 billion dollars in 2007/08 is pretty new.
The last time I checked Pakistan's economy only reached around 200 billion dollars mark around 2013-14 so I wonder if Musharraf is still ruling? Also there were consistent attempts to curb down Pakistan's GDP in 1999 from around 76 billion dollars to 75, 70, 65 and the latest figure I had heard was 60 billion dollars. But you somehow managed to bring it down further to $30 billion dollars. I don't want to go in debate with all that, lets go with the credible source of IMF which suggests Pakistan's GDP of $76.86 billion dollars in 1999 and $152.460 billion dollars in 2007.
Report for Selected Countries and Subjects
Your main focus is on the sweet era of 2004 to late 2005 when Pakistan was not suffering from extreme menace of terrorism, the whole world was blessing Pakistan with dollars and USA making us major non-nato Ally and throwing away cash in return of support and permission to use its land for various activities. Otherwise there was never a moment during all these years when Pakistan really progressed so fast that the whole world would start talking about it.Sure from "karaz uttaro mulk sanwaroo" to fastest growing economy it all happened with a magic stick ?
I mean, non of this stupid democrats can at least take us as nation , from where musharaf lefted ?
That's matter of fact ,not to b seen in stupid manipulated data basses to justyfy the existence of stupid damocrazy ?
Several bomb blast per week were happening when all of so called , traitors stupid damocrazy political mafia like JI, PTI, PMLn were supporting these terrorists to set the score with the most progressive govt of Pakistan , all the times ?Your main focus is on the sweet era of 2004 to late 2005 when Pakistan was not suffering from extreme menace of terrorism, the whole world was blessing Pakistan with dollars and USA making us major non-nato Ally and throwing away cash in return of support and permission to use its land for various activities. Otherwise there was never a moment during all these years when Pakistan really progressed so fast that the whole world would start talking about it.
It was just 1-2 years of good performance which somewhat came close to the progress of our neighbouring nations of China, India, Bangladesh and Sri Lanka otherwise we have been under-performing in all sectors including economy when you compare with rest of the subcontinent.
The problem is, Musharraf is directly responsible for wrong policies of curbing terrorism through the means of force without taking people under confidence which ignited the tensions in Balcohistan, Khyber-Pakhtunkhwa and FATA. What people cheer about is "some" economic policies and nothing else but even those economic policies were never long term and only lasted for 1-2 years when the world had started seeing rise of Asia.
By the time Musharraf had gone, the foreign debt had triggered to rise sharply which had risen from around 33 billion dollars to 46 billion dollars within couple of months. Pakistan was standing on the verge of bankruptcy and was bound to go to IMF for immediate loan in order to prevent being defaulted. What you don't see is the era you cherish about was somewhere in the middle of his government and the era he was forced to resign, we were no longer among the top performing nations, the terrorism incidents had peaked to several bomb blasts per week, the whole world had labelled us as the face of terrorism, the judiciary and media had been made to shut up and the whole nation was outside the streets.
By that logic, why not give credit of improved economy to JI, PTI and PML-N? If they are responsible despite having 0 significance between 1999 and 2007 in National politics then they should also be responsible for other things you have mentioned.Several bomb blast per week were happening when all of so called , traitors stupid damocrazy political mafia like JI, PTI, PMLn were supporting these terrorists to set the score with the most progressive govt of Pakistan , all the times ?
Yeah but if you see "The Great Recession" also began in 2008 just before the resignation of Musharraf. If Pakistan is part of the same world then it also had to bear fruit of recession. Our exports had come to halt after the first world lacked purchasing power. Besides Germany how many countries really managed to cope with the Great recession? not many... so many countries posting growth rate of above 5% were positing 0 or negative growth for couple of years. Pakistan too became effected by this... On top of that we also faced from one of the biggest floods in the history of Pakistan and not to forget the major action against Talibaboons in Swat taking place which literally focused our attention to other priorities but economy.& if we compare that , even the last of his tenure in 2008 , Pakistan still with all the terrorism was having better economy then of today even if we put togather , PPP + PMLn all together , all of their dam 3 decades ?
Ah, my mistake, I may have remembered it wrong. Still, 76 billion to 152 billion, that's still a huge increase. Regardless of the actual figure, my main point still stands, credit where it is due. With two successive civilian governments, Pakistan's GDP has not increased all that much, with only very shy gains. In the same amount of time, Musharraf's government was much further ahead.Not only the head money but direct aid. It is a fact and I don't find the need to start what we have discussed half a million times before. Read this report if you have some time and also know the covert aid we hardly ever found it worthwhile to mention.
http://belfercenter.ksg.harvard.edu/files/Final_DP_2009_06_08092009.pdf
Not true, the aid started coming soon after the earthquake happened. The world needed Pakistan and the original plea of $5 billion dollars was overwhelmed and the pledges worth above $9 billion dollars were made as I don't remember the exact amount.
Later many pledges were not fulfilled but billions of dollars had already been disbursed (rumoured to have eaten up by the menace of corruption) between 2005 - 2008 before Musharraf resigned as President of Pakistan.
All I can say is, Musharraf did number of good things about economy of Pakistan but people give him undue credit for many things he did not do. I have seen people exaggerating the figure of Pakistan's economy in 1999 and 2007 very often but this figure of $30 billion dollars in 1999 and 200 billion dollars in 2007/08 is pretty new.
The last time I checked Pakistan's economy only reached around 200 billion dollars mark around 2013-14 so I wonder if Musharraf is still ruling? Also there were consistent attempts to curb down Pakistan's GDP in 1999 from around 76 billion dollars to 75, 70, 65 and the latest figure I had heard was 60 billion dollars. But you somehow managed to bring it down further to $30 billion dollars. I don't want to go in debate with all that, lets go with the credible source of IMF which suggests Pakistan's GDP of $76.86 billion dollars in 1999 and $152.460 billion dollars in 2007.
Report for Selected Countries and Subjects
The figures does not tell the whole story otherwise as per IMF Pakistan's GDP in 2009 was around 169 billion dollars and in 2015 it's 271 billion dollars... rise of 102 billion dollars in past 6 years?Ah, my mistake, I may have remembered it wrong. Still, 76 billion to 152 billion, that's still a huge increase. Regardless of the actual figure, my main point still stands, credit where it is due. With two successive civilian governments, Pakistan's GDP has not increased all that much, with only very shy gains. In the same amount of time, Musharraf's government was much further ahead.