Pakistan Saved $10 Billions

[Nilgiri]

Capital formation comes from investment into local industries, that produces goods and services for export, earning hard currency for the country. Here is Pakistan's export to GDP for the last 3 decades

It is matter of chicken and the egg somewhat.

But generally from my studies on the matter for developing country starting with little export level (eg. I did at some depth regd Deng XiaoPing reforms for China in 80s)....it needs good bureaucratic organisation and sustained drive to get the first bunch of investment and provide the investors everything they need as readily as possible.

It (export led growth) is about your labour and time oriented to providing something that your own people dont have much demand for (yet)....but lot of others do essentially.

Then yes as you earn more from the initial batch of exports for 5 years etc...it gives you more volume to develop more corporate structures that can throw that weight around externally to expand into new industries after that. Then you keep doing that, keep learning from it, adapting what you need along the way.

China also basically went effectively a subsidy route for this model (by keeping their peg low to USD by forex pile....just like the previous asian tigers did)...because they above everything else prioritised large scale employment over free market access idealism.

But every country can find its exact formula that works for it....the point is you need the coordinated bureaucrats that action and improve what works (and cut out what doesnt work) over sustained time....to make the initial breakthrough and large enough buffer pile to develop further phases. It is really the key that opens the first set of doors to more doors etc.

That's why Pakistan simply ought to focus on figuring out what the logjams are in investment in its own internal wealth buffer to deploy (these would lie in the bureaucracy for most part, trust me I know south asia culture overall quite well....esp my state TN firsthand in the 90s+2000s for example for what has developed downstream now...simply because bureaucrats were organised and directed better to specific goals even with the grandiose corruption in the system).

 

[Norwegian]

That's why Pakistan simply ought to focus on figuring out what the logjams are in investment in its own internal wealth buffer to deploy (these would lie in the bureaucracy for most part, trust me I know south asia culture overall quite well....esp my state TN firsthand in the 90s+2000s for example for what has developed downstream now...simply because bureaucrats were organised and directed better to specific goals even with the grandiose corruption in the system).

Pakistan had a robust bureaucracy under Dictator Ayub. His chief secretary treasury M M Ahmad was a Qadiani who oversaw large scale development projects such as Tarbela, Mangla dams, Islamabad Capital relocation etc etc. Guess who destroyed it? Again anti army democrat Bhutto who removed system of merit and stuffed the bureaucracy with his party workers

 

[Pakistan Space Agency]

Yeh kya bongi post kar di?

 

[Norwegian]

Yeh kya bongi post kar di?

Not for your donkey leader

 

[Nilgiri]

Pakistan had a robust bureaucracy under Dictator Ayub. His chief secretary treasury M M Ahmad was a Qadiani who oversaw large scale development projects such as Tarbela, Mangla dams, Islamabad Capital relocation etc etc. Guess who destroyed it? Again anti army democrat Bhutto

Thus you now understand my final conclusion I have been mentioning to different members at different times.

There need to be solid bedrock of apolitical institutions for very key areas in any country formed by the best consensus of best enlightened professional people.

TN for example suffered in this time period (90s to now +ongoing) by some of the most filthy politicians (leaders, coterie, dynasties and lackeys) known to mankind compared to what we had starting out after independence in the 50s and 60s), trust me.

But there was a drive beyond that by all political parties to get some quality bureaucrats that could deliver results and they could only be promoted if they did it, it has to be said.

These fellows stick around whomever takes power and see the projects/goals through (with corporate partnerships, investments and inputs) ....though names and some head honchos are changed and blah blah for the politician guy. Everyone still needs the corruption feed mechanism in the trough going....but you got to earn your place with results to stay there etc.

This is the only hope pal, develop the (critical mass) stuff below the politician musical chair game....because that game is never gonna go away....both laypeople and elitists are too addicted to that stuff and have very short term memories for important things.

It again depends on people in high places to do their best in doing this...PM delegates to a good team, a good team delegates to good or ok top tier bureaucrats and so on and each level diminishes in overall quality a bit naturally (in this concept of action from top down perspective)....but it needs sustained follow up and everything in your tenure (and some level of bipartisan outreach so it continues someway past the political bickering when the other political parties are in power etc).

Everyone in a country is going to have different opinion on this w.r.t admins (or say they are all equally bad overall, and the good ones are in nostalgic era from way before etc)....thats not the issue...... politicians love you to get stuck in that blame game...there is simply too much material to sift through after all.

Rather there must be sustained pressure past politics somehow to develop the apolitical long term side....on the stuff that is so important and so instrumental to things to the country.

Thats the key. I really dont know any other way to explain it.

 

[Norwegian]

It again depends on people in high places to do their best in doing this...PM delegates to a good team, a good team delegates to good or ok top tier bureaucrats and so on and each level diminishes in overall quality a bit naturally (in this concept of action from top down perspective)....but it needs sustained follow up and everything in your tenure (and some level of bipartisan outreach so it continues someway past the political bickering when the other political parties are in power etc).

Pakistan's all powerful military establishment could have taken over this role of sustained development regardless of political bickering. Unfortunately this hasn't happened. Every new govt comes with its own set of economic policies that in the long run destroys country's finances along with its economic development.
For example why did establishment allow disastrous policy of nationalization under Bhutto that ruined industrial growth in Pakistan. Or why did they allow financial liberalization under Sharif which ruined financial sector of Pakistan? It makes no sense.

 

[volatile]

Indeed my friend I hope you are not that frog whos limited by the depth, height and walls of the well.

May be ,May be not but Im quite sure what im sure and what i believe with out biased from irrational thoughts ,after all we are all victims of our thoughts

 

[Path-Finder]

May be ,May be not but Im quite sure what im sure and what i believe with out biased from irrational thoughts ,after all we are all victims of our thoughts

don't be too hard on yourself. you need to defend crooks and that is your right. so defend and invent the intellectual invigorating theory for doing it too.

 

[volatile]

don't be too hard on yourself. you need to defend crooks and that is your right. so defend and invent the intellectual invigorating theory for doing it too.

I was raised and groomed to be rational man ,If for instance some one denies the facts based on numbers like many here ,its better to call it a day and save your self from agony ,there was a saying never argue with an idiot person .

 

[Path-Finder]

I was raised and groomed to be rational man ,If for instance some one denies the facts based on numbers like many here ,its better to call it a day and save your self from agony ,there was a saying never argue with an idiot person .

True, I am arguing with an idiot person. chao and sayonara.

 

[volatile]

True, I am arguing with an idiot person. chao and sayonara.

i agree with you