@Musketeeer Not saying China needs to be against Pakistan but certainly it won't be working solely for the benefit of Pakistan.
Speaking in regards to Stock Exchange: have you heard about AKD, Jehangir Siddiqui, Saith Abid? I'm sure if you know how these people influence the stock exchange you will know when the market goes up or down. For the common man it is a honey trap who ends up losing his sleep and in the long run his money too.
I am not against the next pay check coming to Pakistan but what concerns me is where will the money be spent? Surely we aren't seeing hospitals being built nor any project aimed to help the plight of the poor.
No shortfall in winter but uncontrolled load shedding in summer? Man, you give credit even where its undue!
There are 40 plus hospitals under construction by federal govt and 10 plus big health related projects by punjab.
Health projects given to my city only:
1. Civi hospital 420 bed with 200 bed ongoing extension
2. Drug testing laboratory
3. New surgery block
4. FCPS center
5. New blood bank
6. New Paediatrics block
7. 100 bed Kidney and Nephro center under construction
8. 100 bed cardiac block under construction
9. New emergency block under construction
Note: these are in my knowledge as it is in my city. In one district. There are 36 districts in Punjab.
Loadshedding has reduced to 6-7 hours in summer from 12. Critics of Pmln admit it. It will further reduced and greatly in 2017 summer.
Stock exchange is only one indicator. GDP growth has increased to a good position, which was very hard keeping in mind the power issue, terrorism and and 5 years of chaos by PPP.
So only the stupid stock exchange is the indicator of the country's economy growth. What about the loans, the ton of loan and more tons of loans these moron brothers has taken, highest in the country history, the corruption and THE FAT LIES they told the nation and you still try to defend them. Stock exchange is just mere played at the hand of some corrupted monopolist, whenever they want to increase, they increase and when they want to decrease it decreases.
And CPEC, if you know about a little about the geopolitical importance of it to China, the investment was meant to come weather Liers, Kuttas or martial law is ruling the country.
Every single political parties has no interest in the country or welfare of country. The just think about looting and their personal business and gains.
1. Geopolitical condition of China was same in Musharaf and Zardari time.
2. LOANS? TONS of them. Lets share some knowledge for sanity.
Pakistan had 61 Billion dollar external debt in 2012.
57 billion dollar debt in 2010.
45 billion dollar in 2008
TONS of loans is just another hype of the facts.
2. Pmln took 11 billion dollar loan in last 3 and half years and returned 10.7 billion dollar back to IMF.
(KARACHI: Pakistan paid $5.3 billion in debt servicing during the fiscal year 2015-16, the State Bank of Pakistan (SBP) said on Thursday, as compared to $5.417bn in the preceding fiscal year) - Dawn
Moreover, loan hype given by media is not the fault of pmln, but of previous govts.
3. TONS OF LOANS, lets talk about truth!
External debts of different countries.
US- 19600 Billion Dollar
UK- 9591 Billion Dollar
France- 5750 Billion Dollar
Germany- 5546 Billion Dollar
Luxemburg- 3472 Billion Dollar
Italy- 2651 Billion Dollar
Australia-1391 Billion Dollar
Purtugal- 548 Billion Dollar
India 485 Billion Dollar
Brazil 423 Billion Dollar
Turkey 405 Billion Dollar
Greece 360 Billion Dollar
Ireland 263 Billion Dollar
Ukrane 142 Billion Dollar
---Pakistan 72 Billion Dollar---
(To Confirm, search these countries external debt separately and you will find many links to prove these statistics right.)
Do you see where is Pakistan as compared to successful and failed countries in terms of tons of loans?
Pakistan should take more loans and get its industry into shape. Every business is run with finance and no one could have become a billionaire without taking loans or doing corruption.
So plz stop this event-less narrative of loans.