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Haque Sahab,
Take these figures and try to convince a common Pakistani about the growth and what not. I am afraid you'll need Police protection as well, because I do not think that this statistical juggling will impress an average Pakistani household earning less than $200 and trying to survive where inflation is well into two digits. These figures look nice on the papers, but they have little if any relevance with the facts on the ground. In Pakistan, merely 8.5% people are paying taxes, and they are mostly government or private employee. Rest of the 91.5% people are simply not paying any kind of tax, means that the government/financial institutions have no record of any kind of their earning/spending etc. In a country where the economy is this much documented, you are talking about statistics?
Dont tell me about the percentage of the growth rate, this is meaningless; tell me how an average Pakistani household earning less than US$200 survive in kind of inflation rampant in Pakistan? Where prices are revised not every month, or every week, but daily.
Nonetheless, Foreign Aid is not the way. India managed its economy under red shadows and did not get addicted on International Financing Institutions. We got on the Us bandwagon in '47, jumped into the seat with SEATO/CENTO and have never been able to stand on our own. The dependency syndrome has got us by our feet.
Mr. Haq, you are twisting numbers and figures by a huge margin. Not just for India but also for Pakistan. I request all members to cross check his figures by some reliable source.
Your last post itself was exaggerated.
GDP of Pak in 2000 - 74 billion (you said 60, dif 23%)
in 2007 - 143 billion (you said 170, diff 19%)
today - 168 billion
Real and Nominal GDP of Pakistan
Google - public data
@ title , Has us aid to Pakistan Declined ?
The figures I have quoted are official, and used as part of a memorandum of understanding agreed between the IMF and Govt of Pakistan in 2008 as part of the bailout package.
Let me first say that most developing nations (such as India and Pakistan) and developed nations (e.g. post WW2 Europe and Japan under in Marshall Plan) have received significant foreign aid. So the aid itself is not a problem; it's how it's used that needs to be scrutinized.
In Pakistan's case, the aid alone can not account for nearly tripling of the economy during Musharraf's rule, as acknowledged by the current regime in a memo it signed with the IMF to get the bailout.
New Recruit
The figures I have quoted are official, and used as part of a memorandum of understanding agreed between the IMF and Govt of Pakistan in 2008 as part of the bailout package.
Can you please give a neutral source to support this claim. Since we are negating google public data. I am not sure how are you arriving at these numbers.
Unless its just to prove a point, then well I can also make 2==4.
Receiving minimal aid is far from from becoming dependent on aid for the PSDP budgets, that is what we did in the '60s and nearly did in the late '70s as well. Aid creates dependency that has political, economic and trade implications and this has been discussed in detail in both development economics and development geography. I'll be more than happy to refer if you want me to.
Riaz sb, with respect, I believe you have it the wrong way round. India has "impressive economic growth" BECAUSE of over $100B of aid/assistance it has received over the years.