Bull
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Sir, i know a lot about economics, its my area of interest.
Mine too. Cheers
Loans increasing isn't that much of a problem, if it can be compensated with economic growth. But yeah if there is no or less economic growth, then we have problems.
Well i guess your growth has been affected right. hence these loans would be a problem.
And as for Musharaf era, the figures were not as glorified or cooked up as are said. People here on ground in Pakistan could literally see the development done in that era as well as the massive expansion of the job market. It has been the blunder of the current govt that we are in such a problem, not due to Musharaf. Musharaf provided a sound base to further take on the economic activity, but due to the decisions by this govt, all progress has been lost.
The most widely said word was that the figures quoted in % where higher because the base year was changed. How can the growth disappear when the regime changes, even in recession the tangible results stay.
As said previously many times, Pakistan has great potential and still huge space to generate hundred of billions of rupees extra revenue which can result us taking no loans rather we can pay back our loans, but it depends on the economic managers how they run the show.
Every country has there own fairy tales or excuses, for India its the 7 lakh crores hidden in Swiss banks, for your nation it might be something else. Unless you have it you cant say you will have it and cant benefit from it.
So its not Pakistan's fault, its the fault of the people who are running the show badly, Pakistan has everything.
I dont know how both are different ?