PML-N responsible for the economic mess: ICST

[Cash GK]

China may need CPEC, but you need China more than they need you, idiot.



Lol, so it means PML-N have nothing to do with economic policies. Nice admission.

i must say i am talking to a fool.. it is between countries not between parties.. fool ya

 

[randomradio]

useless comment!
better get some accurate information before throwing words.

Oh, then please enlighten me. If the govt doesn't make economic policies, then who does?

 

[Jungibaaz]

The problem now with PTI is that they are paying the price for having foolishly promised too much before an election, and people campaigning for them remained ignorant of what would actually be needed and what is possible when they become the governing party. Talking shit is easy in opposition, look how easy it is even for PMLN and PPP now that they are relieved of power.

Also, on the topic of the economic mess, every old government is accused of screwing the new. And I have to agree, it seems governments don't think past elections. If PTI is the first to break this cycle and leave the finances of the government in a stable position with no impending crisis, even if the homes and jobs they promised don't come, I'll count them a success.

However, it still begs the question, if I as an ordinary individual could see a forex crisis and bailout coming in 2016 and warning signs even earlier, why couldn't people who are supposedly competent anticipate it? From the media to politicians including PTI, why couldn't they see this coming? And why did they applaud and take credit for shit economic policies at the time, which no doubt makes life easier in the short term and boosts popularity, but aren't sustainable?

 

[Ghessan]

Oh, then please enlighten me. If the govt doesn't make economic policies, then who does?

you're twisting things and that is not an achievement, don't consider one.

also you seems not good at economics otherwise you never gave a statement: "PML-N on the other hand signed up for CPEC and brought in a lot more."

 

[randomradio]

No serving soldier is running a business, fauji foundation is being run by retired officers legally allowed under the law.

Yeah, serving officers made an industry they can join after retirement. But what about all those civilian industries that are losing out on contracts because the army can simply swallow up entire industries as a monopoly? There is only so much business that goes around.

I wonder if competition works against them.

All of you target the wrong people for your problems. Someone is blaming PML-N, but cannot accept that CPEC happened under them in the first place. Then if CPEC didn't happen because of PML-N, who did it happen under? Was it Zardari then? Or was it Musharraf, the traitor? It's obviously not PTI. If CPEC didn't happen under Sharif or Zardari, then the credit goes to the traitor called Musharraf. Which means, economic policies are not run by the civilian govt at all, but by the army.

And if the civilian govt doesn't decide on economic policies, then why blame PML-N for the current economic problem?

@Nilgiri

i must say i am talking to a fool.. it is between countries not between parties.. fool ya

Dude, stop wasting my time with such dumbass one-liners that make no sense.

However, it still begs the question, if I as an ordinary individual could see a forex crisis and bailout coming in 2016 and warning signs even earlier, why couldn't people who are supposedly competent anticipate it? From the media to politicians including PTI, why couldn't they see this coming? And why did they applaud and take credit for shit economic policies at the time, which no doubt makes life easier in the short term and boosts popularity, but aren't sustainable?

Maybe they saw it coming, but didn't have the power to do anything about it.

 

[VCheng]

True, but crying that they havn't fixed the problems of the previous govts with-in 5 months is idiocy

Of course the present government needs time to implement its policies and we should give it to them. Let us see what they announce on January 23rd.

 

[randomradio]

you're twisting things and that is not an achievement, don't consider one.

also you seems not good at economics otherwise you never gave a statement: "PML-N on the other hand signed up for CPEC and brought in a lot more."

That was a tongue in cheek statement on how PML-N brought in more loans to Pakistan than Imran Khan did. Some say $40B worth, not counting CPEC loans.

Maybe you can answer my comment to Vapnope.

 

[Jungibaaz]

Maybe they saw it coming, but didn't have the power to do anything about it.

It's probably an unhealthy mix of incompetence or populist electioneering, with regards to the former I don't blame only PTI per se, all parties do this.

Anyone with adequate knowledge of statecraft, economics, and awareness of Pakistan's developmental needs would be wise enough to know that promising a nation of people, who are desperate for change and betterment that which you cannot deliver, is not a good idea. And ours news media are no better than monkeys, not a strategic thought comes through their minds, nor are they capable of any level of economic analysis, yet it's them informing opinions and supposedly holding politicians to account.

Of course the present government needs time to implement its policies and we should give it to them. Let us see what they announce on January 23rd.

If they do the right thing and what's required, it will be deeply unpopular and running antithetical to what they promised and had been campaigning on for years. I hope they do it anyway.

 

[randomradio]

It's probably an unhealthy mix of incompetence or populist electioneering, with regards to the former I don't blame only PTI per se, all parties do this.

Anyone with adequate knowledge of statecraft, economics, and awareness of Pakistan's developmental needs would be wise enough to know that promising a nation of people, who are desperate for change and betterment that which you cannot deliver, is not a good idea. And ours news media are no better than monkeys, not a strategic thought comes through their minds, nor are they capable of any level of economic analysis, yet it's them informing opinions and supposedly holding politicians to account.

If they do the right thing and what's required, it will be deeply unpopular and running antithetical to what they promised and had been campaigning on for years. I hope they do it anyway.

Normally, when structural reforms are done, you either need a strong economy which can weather the storm, like India was during demo and GST, or you need to be down in the dumps like Zimbabwe at the extreme end, where you've nothing more to lose.

But when you bring in major reforms with a partially flailing economy, as Pakistan was between 2005-2015, you are never gonna win another election for decades. Whoever upsets the apple cart would be the loser. This includes the army.

What really led to the current economic downward spiral is, something no one here is interested in bringing up, is the trade deficit with China. Instead of following protectionist measures, Pakistan decided to sign an FTA with China. And then a major blow came with the entirely overambitious and unplanned CPEC. Without protecting and developing core Pakistani industries first, followed by creating an investment friendly environment, Pakistan got into a whole bunch of unaffordable loans with China.

If you do wanna get out of it, you need a career-ending suicidal leader, or just allow the downward spiral to get out of hand to a point the public will be happy with anyone who saves them.

 

[Finer]

Just as I suspected, PTI is not known to take some responsibility for itself. Blaming PMLN will be goal especially since PTI is enjoying the stability of economic thanks to PMLN who took over after the politically, economical and socially were declared as failed at the end of Zardari’s term. Ungrateful PTI!!!

 

[VCheng]

If they do the right thing and what's required, it will be deeply unpopular and running antithetical to what they promised and had been campaigning on for years. I hope they do it anyway.

I am waiting to comment on what might happen on the 23rd and its aftermath. I suspect the steps announced will be enough to be able to negotiate with the IMF further. Whether they are unpopular or not is going to be irrelevant as there might be no other choice left. All the steps taken to date may suffice for this fiscal year, already half gone, and then comes the next fiscal year with even larger issues. It will take several years for this government to remoor the ship of state in such roiling financial waters.

 

[Jf Thunder]

So far govt survive without going to IMF.

If you wabt to give credit of exxon to PMLn then also take credit to these

ISLAMABAD - The Pakistan Muslim League-Nawaz (PML-N) government has broken all previous records of taking foreign loans, as it borrowed $40 billion from external sources during its four and half years tenure.

https://nation.com.pk/26-Dec-2017/government-got-record-40b-loans

PML-N govt took record loans that will take generations to pay, Senate

PML-N government adds to country's indebtedness | Business Recorder

yeah, and the loans were exponetially increased when this Govt dropped the rupee to record lows
yeah, they are surviving without going to IMF, but raising the prices of every damn thing they can think of

i think you won the world cup..and builted the hospital. and you become pm of pakistan from zero to hero name any man who did this all.. you left around 12 billions dollars after divorce from your wife...i think i am talking to a fool.there are only some people who can achieve and surly khan is one of them.. 80 percent people in the world they are waste when it comes to achieve something..

World Cup, seriously? It was team effort
hospital based on donations, he didnt do squat himself
you didnt mention a single thing worth appreciating

1.fiscal policies
2. Export package to zero rated industry
3. Remittances packages
4. 20b $ of financing through bilateral deals
5. Comittement of 15b$ investment from saudis
6. Export doubling commitment from china

Above 6 points acheived in 134 days is more than achievement of last 5 years when all the above were in negative

give me facts and figures that the country got
dont just add the word "packages"

 

[Awan68]

In order to fix the economy, first you need to nationalise and/or privatise all of the army's non-military business.

Chooray.

 

[AZ1]

yeah, and the loans were exponetially increased when this Govt dropped the rupee to record lows
yeah, they are surviving without going to IMF, but raising the prices of every damn thing they can think of


World Cup, seriously? It was team effort
hospital based on donations, he didnt do squat himself
you didnt mention a single thing worth appreciating


give me facts and figures that the country got
dont just add the word "packages"

That were bound to happened when last govt didnt bother to increase export. Took loan spend on orange train crap which they could t complete costing us $billions and left the country in bankrupt situation. You can hate all you want but PTI is and better than corrupt nawaz and ppp who lootd thr country.

 

[Jf Thunder]

That were bound to happened when last govt didnt bother to increase export. Took loan spend on orange train crap which they could t complete costing us $billions and left the country in bankrupt situation. You can hate all you want but PTI is and better than corrupt nawaz and ppp who lootd thr country.

Orange Train crap?
if completed it would have been more useful that Peshawar Metro.........oh wait