Why Pakistan won't fail

[Perceptron]

The reality of Pakistan is that it has much lesser debt than many nations of the world, pretty high FDI, reasonable forex reserves, a good sound economy based on agriculture & industry, increasing urbanization, improving infrastructure, growing GDP (& growth rates) despite being involved in the WOT, among many other things. India has a much higher debt than Pakistan, as do many nations in the world. Pakistan is perfectly capable of managing its own affairs.

Why is that perennial itch to compare with anyone ? Or for that matter is comparison the way to weasel out of realities ? Do you know the debt to GDP ratio of Pakistan ? Where does Pakistan stand in FDI ? Where does it stand in tax-collection ? The overall picture is so bleak, that clutching at straws can only get your arm behind your back.

 

[53fd]

Why is that perennial itch to compare with anyone ? Or for that matter is comparison the way to weasel out of realities ? Do you know the debt to GDP ratio of Pakistan ? What is it in comparison with India ? Where does Pakistan stand in FDI ? Where does it stand in tax-collection ? The overall picture is so bleak, that clutching at straws can only get your arm behind your back.

Of course tax collection needs to be improved, but what does tax collection have to do with a failed state? The debt to GDP ratio for Pakistan is far lower than many advanced countries in the world. None of the arguments you have made have got anything to do with a failed state. If I start applying your arguments to other nations, most nations in the world would be failed states.

 

[jeypore]

Pakistan is the 27th largest economy in the world by GDP PPP (IMF), 26th largest as per World Bank data, & 27th largest as per CIA World Factbook data.

this is based on international Monetary Fund:

27 Austria 377,382

this is based on World Bank (1990-2010):

27 Argentina 368,712 2010

this is based on CIA World Factbook (2000-2010):

Argentina 370,300 2010 est

are we in any disagreement based on this information.....

List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

 

[53fd]

this is based on international Monetary Fund:

27 Austria 377,382

this is based on World Bank (1990-2010):

27 Argentina 368,712 2010

this is based on CIA World Factbook (2000-2010):

Argentina 370,300 2010 est

are we in any disagreement based on this information.....

List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

Another Indian that doesn't know the difference between GDP (PPP) & GDP (nominal)...

 

[Obambam]

Pakistan does have quite a bit to do ... but some positive things can be seen.

Contrary to the propaganda by some radical Pakistani, the biggest threat to Pakistan is China.

The worst that could happen is that Pakistan becomes something as bad as North Korea.

Myanmar was also at risk ..... but recently it has made decisive moves to prevent its North Korea-isation.

Luckily, the democratic civilian govt in Pakistan has also made positive moves to re-engage with SAARC and re-engage with India.

Normalization of trade relations with India will improve Pakistan's economic re-engagement with its neighbours.

As everybody says .... It's the ECONOMY, stupid !!!!!!

Where have you been in the last 60 years? Not even we would make such an outlandish claim that India is the biggest threat to Pakistan

 

[Perceptron]

Of course tax collection needs to be improved, but what does tax collection have to do with a failed state? The debt to GDP ratio for Pakistan is far lower than many advanced countries in the world. None of the arguments you have made have got anything to do with a failed state. If I start applying your arguments to other nations, most nations in the world would be failed states.

Here is what the principal and dean at NUST Business School, Islamabad, Dr Ashfaque H Khan has to say about Pakistan.

Are there any lessons for Pakistan? The critical ingredients that brought Greece and Italy to the brink are very much present in today’s Pakistan. The culture of patronage, fiscal indiscipline, bleeding PSEs, higher budget deficit, bad governance, and persistence of slower economic growth have been deeply entrenched in Pakistan for the last four years.

Although Pakistan has not yet arrived at the point of almost total collapse witnessed by Greece, if the status quo is maintained and business as usual policy continues, the country may witness a similar situation within the next two years (2012-13 and 2013-14). In such a scenario, who will come to bail out Pakistan? And at what cost? The question will be raised in important world capitals – does a bankrupt country like Pakistan deserve to possess nuclear/strategic assets? Has anyone given any thought to such an eventuality? Perhaps not. The nation is too busy politicking.

Pakistan is likely to face a serious debt crisis in the next two years when it will have little resources to repay its external debt and will be seeking a bailout desperately. Pakistan’s economy has deteriorated in the last four years at a historically unprecedented pace. The economic situation has gone from bad to worse to a near collapse. What is disturbing is that neither the government nor its economic team members appear serious. A laidback, lethargic and non-serious attitude has become the hallmark of the economic team. In-fighting among the key members of the economic team is now the talk of the town and is reported regularly in the press.

Pakistan’s economy is currently in a dismal state. Investment is down to a 40-year low, economic growth has slowed to an average of 2.9 percent with an attendant rise in unemployment and poverty; fiscal indiscipline is widespread with budget deficit averaging 6.5 percent of GDP. Further, public debt has more than doubled in four years as compared with the cumulative rise in debt for the last 60 years; double-digit inflation has persisted for over 48 months in a row; repeated bailout packages are being doled out to keep the rotten PSEs afloat; foreign investment has collapsed in the last four years and balance of payments is now entering a danger zone after the dissipation of last year’s windfall gain in exports.

Greek Tragedy and Pakistan

 

[notsuperstitious]

Difficult to find so many lies in a single article.

But this one takes the cake

The Pakistani military is ruled by a civilian authority. The Army is a professional organization, consisting of millions of regular and reserve troops. Noted for its professionalism and dedication to the civilian government and democracy, it is the best institution in Pakistan.

Seriously, the army usurped power for like half of pakistan's existence, today the president is seeking help from foreign powers to protect democracy from the same army, the civilian govt's decision to take ISI out of Army control lasted less than 12 hours, and now the pakistani army is noted for its dedication to the civilian government and democracy!!! Seriously, is this twilight zone???

 

[jeypore]

Another Indian that doesn't know the difference between GDP (PPP) & GDP (nominal)...

Ok....

Can you explain so I would really understand the difference.......

thanks...

 

[53fd]

Here is what the principal and dean at NUST Business School, Islamabad, Dr Ashfaque H Khan has to say about Pakistan.


Greek Tragedy and Pakistan

So you are choosing the words of a school principal, while I am giving factual information from the CIA World Factbook, World Bank & the IMF.

I am saying this again, if you started applying what you are saying to countries around the world, most countries in the world, including the US would be failed states.

 

[Perceptron]

So you are choosing the words of a school principal, while I am giving factual information from the CIA World Factbook, World Bank & the IMF.

I am saying this again, if you started applying what you are saying to countries around the world, most countries in the world, including the US would be failed states.

Does the factual statements from Wikipedia (from where you have in all ignorance borrowed the IMF figures) negate the statement of an eminent opinion who knows the affairs of his state ? Heck your own government's incompetence has led to Pakistan again begging for a 3.5$ loan from IMF due to "slippages in performance criteria" in this article.

Pakistan trying to get $ 3.5b loan from IMF

 

[53fd]

Does the factual statements from Wikipedia (from where you have in all ignorance borrowed the IMF figures) negate the statement of an eminent opinion who knows the affairs of his state ? Heck your own government's incompetence has led to Pakistan again begging for a 3.5$ loan from IMF due to "slippages in performance criteria" in this article.

Pakistan trying to get $ 3.5b loan from IMF

This has nothing to do with the definition of a failed state. Pakistan's debt to GDP ratio is far lower than many nations in the world. Just because the US is in debt of over $14 trillion, & keeps getting trillions of $ loans (& isn't able to pay them back) means the US is a failed state?

First explain what a failed state is, & then talk.

 

[53fd]

As per IMF figures, India's public debt per GDP ratio is 64.12%; whereas Pakistan's public debt per GDP ratio is 56.82%. I guess India is a failed state as well as per Perceptron's argument.

 

[Perceptron]

This has nothing to do with the definition of a failed state. Pakistan's debt to GDP ratio is far lower than many nations in the world. Just because the US is in debt of over $14 trillion, & keeps getting trillions of $ loans (& isn't able to pay them back) means the US is a failed state?

First explain what a failed state is, & then talk.

You can go to this link for the Failed States Index and get all your questions clarified. The Fund for Peace qualifies Pakistan a failed state (at the 12th position) which is much more objective than any survey on a similar notion to be carried out.

 

[53fd]

You can go to this link for the Failed States Index and get all your questions clarified. The Fund for Peace qualifies Pakistan a failed state (at the 12th position) which is much more objective than any survey on a similar notion to be carried out.

This really has no significance, because a nation that is embroiled in a temporary WOT cannot be judged correctly. Just as there were regular bombings in the UK by the IRA, or what happened in Turkey as well. There were more deaths in India from terrorism in 1994-2005 than what Pakistan has had from 2001-2011. So these rankings are not objective. Btw, the link you have sent has got nothing to do with nothing to do with the economics that you were talking about before.

 

[ashokdeiva]

As per IMF figures, India's public debt per GDP ratio is 64.12%; whereas Pakistan's public debt per GDP ratio is 56.82%. I guess India is a failed state as well as per Perceptron's argument.

@Billal, is it necessary to open a thread with a doubt? Every one knows that Pakistan is not going to fail the reasons are obvious
1) The Government of Pakistan/ Army are working in a healthy structure to ensure the Country grows.
2) It is not in Indias interest to see a faild state near by with Nuclear stock pail failling in the wrong hands.
3) China is working in tandom with Pakistan to ensure that the state overcomes its problems
4) The leaders of the three nations are commited to a peace process on all fronts to make sure that no hell falls loose upon us.
5) India is just using US to ensure that our economy grows. We are not taking sides with the US to topple Pakistan or China, which is also impossible not for the US to accomplish.
6) All three nations are aware of the Wests ultertior motives to make a panga between us, so as to ensure that they stay on top of us which is not garrented in their future as China and India is going to overthrow the West domination of the world.

So kindly do not open thread that invite trolling.