What affordability?
Spending habits of public is in question.
1. Many obtain expensive cars via car financing schemes of banks; many defaulters out there as well.
We have some of the lowest lending habits in the Asian region, people were indeed financing their cars through during Musharraf's era but the past 10 years have seen some of the lowest financing in the auto sector.
2. Many buy 'used' as well, much cheaper than brand new at times.
3. Single household keeping "several cars and motorbikes."
Yes, and? The point being on second hand cars, you do realize that second hand cars get just as expensive relatively with the price jack of new cars? And a very small minority of the 250 million has multiple cars/bikes and even those who do, very rarely are those redundant.
Just look at the level of traffic in cities of Pakistan; roads are literally flooded with cars and motorbikes, and accidents are a norm now. Due to this factor, GOP is under pressure to develop bigger and better roads in every city including flyovers and underpasses (huge sums of money committed to road infrastructure).
No matter how big and better roads are at a particular point in time, if number of vehicles continue to expand, road infrastructure will continue to loose its effectiveness over time. And people will continue to cry for more. How is this dynamic sustainable?
Our population increase is crazy, we have one of the highest population growth rate in the world. That is the reason for increase of assets on the road. When GoP builds roads, fly-overs and under-passes etc., whenever GoP invests in infrastructure, it bodes well for the entire country as it creates commerce and jobs. Simple economics, really.
Naya Pakistan is very expensive because traditional Pakistani corruption-driven economic model is no longer sustainable due to following factors:
Actually naya Pakistan is very expensive because of idiots at the helm of the country, unless it is not too early to start calling them traitors and criminals for driving the economy into the ground. Imran Khan, the king of liars, has found it easy to have his lies called U-Turns; the man has Lied more then PML, PPP and MQM combined. He has no rival in lying and he has absolutely no shame in lying and lying again. As per PTI claims, money saved from the amount of corruption alone should have been enough to drive our economy high and here we are at USD @ 160, Gas, Electricity, Petrol and general cost of living all up by 30%. Basically we are forced to pay 30% more whereas our earnings has decreased (when considered in terms of relative value of rupee).
1. Continuous borrowing from foreign countries/institutions (bailout packages becoming a routine)
2. Gulf between imports and exports widening (local industries not up to the task)
3. Corruption in all walks of life (massive circulation of black money; money laundering)
4. Large number of entrepreneurs/people not paying taxes (much of tax burden on salaried class)
5. Property Mafia looting public with open hands by setting artificial rates of property
6. Governments wasting funds on extremely expensive cosmetic projects such as Orange Train instead of funding projects from which masses could benefit in true sense
7. Questionable trading practices which do not favor Pakistani industrial growth
8. Questionable dealings with China (single largest source of trade deficit)
9. Public officers filling their coffers for providing services to people they are supposed to otherwise
Entire shit needs reboot.
1. The only successful IMF program was under PML Government which successfully concluded in 2015 (I think) after which PML managed the affairs and finances brilliantly.
2. This should have been corrected step-wise by providing incentives to investors to invest locally. What PTI did instead was signal to the investors that Pakistan is a high risk country for investment and that PKR could not be trusted.
3. Which PTI was supposed to control and so save USD 10 Billion in corruption annually, I wonder where all the saved money has gone.
4. Which is again the case, the state has raised taxes on the salaried class and done precisely what previous government used to do i.e. raise taxes on the taxed instead of expanding tax net.
5. Everyone in Pakistan invests in property and so prices of property goes up. Besides, the population is expanding at a breakneck speed and the accommodation cannot keep pace with the population growth which also contributes to higher prices based on demand & supply.
6. That is your opinion. I have none on it because I have no experience of the project.
7. Such as?
8. Such as?
9. But PTI must have fixed this by now, no?