Cash-strapped Pakistan buys submarines -F/T

[Abhishek_]

no my dear friend prism . we are not against to massenger he is free to post . but look the flames and comment of other members here.

imran bhai, let the kids squabble. aap apna khoob na jalao.

 

[Imran Khan]

imran bhai, let the kids squabble. aap apna khoob na jalao.

ok jee app ka hukum or hum na many

oyee ye awatar change kero oyee bhagwan ka wasta tum ko.main kisi ko nhi samjh sakta is avatar main.hehehehhehe

 

[DelhiDareDevil]

infact as a indian you think nagative abut pakistan any how. if we buy you happy and if we dont also will happy.these games play with kids ok i am old enugh for these. problem is abut national security and pakistan never buy for showcase. we badly need them so we buy as cheap as we can with as more as capable subs.budjet also passed in palistine and lebnon and they have school and health but they cant live like us you know why? because they have no national security budget.

First of all, all people have different opinions, some will be happy some not happy.

Subs wont help you people, when you biggest crisis, is war against terrorist. No one buys for showcase, trust me.

You cant compare middle east nations to a south asia nation, likewise you cant compare European nations like Switzerland and Lux to Pakistan.

Also I feel your avatar is offensive. Can you please change that.

 

[blackops]

None of our fcuking business when chinese members say invest your money on your poor how do you fell infact we all say none of your business its our money we are free to use it and so on in the same way even we dont have any right to say in there matters

 

[Stumper]

The only thing I can gather from this article is, whatever agency is capable of implementing the law in Pakistan, it is not blind and certainly not interested in the country's welfare.

Sir ,

With due respect, should'nt we ourselves be spending more money on the Infra ourselves (And please don't go the %GDP route of Justifying our defense allocation). I hear the Givernment has ambitious plans for Infra development starting 2012 .. Do you guys have any Idea?.

I do agree with some points of the articles though. Considering the deficit, it would have been tactical to avoid this purchase altogether. This coupled with few reforms like VAT, Agri Taxes, etc would have reignited faith of the international donor's in Pakistan Government.

 

[Abhishek_]

stumper, most pakistani members agree that the core issue is the lack of visionary leadership. the country itself has all the resources to be the next asian miracle
but it does not give us indians the right to criticise the decisions made by their administration, that is the job of pakistanis. so let us focus on our own scams etc, let pakistan be.

 

[President Camacho]

ohhh please sir dont de rail me in economics we need it we buy it and its our money we are free to use it. i know whats indian members mean here.in 1994 we live a life and today also. nothing is gonna change with these 6 subs.

Oh you mistook my intent here. I in no way believe FDI to be the only sign of poverty or prosperity. My only purpose to continue any discussion is to dig deeper into the problems so as to help us understand better and may be find a solution.

Indeed Pakistan was there in '94, is here today, and I hope it is there tomorrow as well, as a more prosperous state.

 

[Jackdaws]

If they really wanted them - they should have spent some more money and acquired from another country. I would rather have 2 or 3 German submarines than 6 Chinese ones. It is Pakistan's money - who are we Indians to criticize them?

 

[usman7881]

this is not the waste of money this is investment for technology

 

[DelhiDareDevil]

stumper, most pakistani members agree that the core issue is the lack of visionary leadership. the country itself has all the resources to be the next asian miracle
but it does not give us indians the right to criticise the decisions made by their administration, that is the job of pakistanis. so let us focus on our own scams etc, let pakistan be.

What do you mean "next asian miracle?"

And what resources are you talking about?

 

[Stumper]

stumper, most pakistani members agree that the core issue is the lack of visionary leadership. the country itself has all the resources to be the next asian miracle
but it does not give us indians the right to criticise the decisions made by their administration, that is the job of pakistanis. so let us focus on our own scams etc, let pakistan be.

Easy Pal. Thats what i have been telling the Indian Member. Criticize our government for its Glorified defense spending.

 

[DelhiDareDevil]

Easy Pal. Thats what i have been telling the Indian Member. Criticize our government for its Glorified defense spending.

So you recommend, India should decrease the military budget, while China keeps increasing her military budget, so much, its twice as much as India.

In that sense, with your mentality, its no wonder why India have been owned by so many different group of people in the past.

 

[NeutralCitizen]

Pakistan should buy whatever they feel they need without consent of anyone same goes for India

 

[Stumper]

So you recommend, India should decrease the military budget, while China keeps increasing her military budget, so much, its twice as much as India.

In that sense, with your mentality, its no wonder why India have been owned by so many different group of people in the past.

Mate, if thats the case, why do you point fingers at Pakistan when they buy this Subs?

Since you seem to love our History, maybe have a read at why exactly have we been ruled in the past. Bravery was never a virtue of ours.

 

[angeldemon_007]

Pakistan’s decision this week to begin negotiations with China to buy six submarines coincided with confirmation of figures showing that foreign direct investment is down 21 per cent to just $1bn in the first eight months of the financial year ending in June.

Clearly, worsening economic realities have been ignored by ruling politicians and powerful generals who seem convinced that the threat to Pakistan’s shipping lanes is greater than the multiple economic, social and political challenges faced on land.

Pakistan’s defence planners have sought to keep pace with military expansion in neighbouring India. Yet, with Pakistan’s economic performance falling well behind India’s, the effort may be futile in the long run.

Just last month, India’s annual budget was broadly welcomed by the business community in a sign of the country’s ability to continue attracting investors from within and abroad.

But in Pakistan, finance ministry officials have worked frantically to persuade the International Monetary Fund to resume lending after only U$7.5bn was disbursed from a U$11bn loan program.

For the Fund, the prospect of Pakistan’s annual budget deficit in the year to June soaring to as much as 8 per cent of GDP from a target of 4.7 per cent, without quick remedial measures, makes Pakistan, for now, an unacceptable client.

Some measures to raise revenue have been agreed between the IMF and the finance ministry this month, though it is impossible to predict exactly how soon they will begin to stop the haemorrhage.

In their defence, Pakistani officials have attributed a continuing economic downturn to losses run up by factors beyond their control, notably the effect of a security crisis unleashed by Taliban activity and last year’s devastating floods.

But Pakistan’s unimpressive economic record is deep-rooted. A glaring gap is the failure to revamp the tax collection system. Just over one per cent of the population pays an economic tax while repeated efforts to slap a robust VAT style sales tax have failed.

Besides, the country’s leaders hardly offer inspiration to others. Months after president Asif Ali Zardari spoke of plans to slap a new ‘flood tax’ on affluent Pakistanis to raise money to finance post-flood rebuilding, the government still has to enforce that measure.

On other fronts too, there is hardly much hope. While globally high oil prices following the conflict in Libya forced many countries to raise domestic petroleum prices, Pakistan’s ruling party-the Pakistan People’s Party (PPP) failed in passing on the full scale of higher oil prices to consumers.

The political cost in the shape of a break with a smaller political party which protested against price increases appeared to be unacceptable to president Zardari. Part of the budget deficit will come from the cost of the domestic fuel subsidies.

If indeed a submarine deal with China is successfully concluded, Pakistan’s generals will probably pat themselves on the back for part filling the so-called strategic gap (with India).

Islamabad’s long-established defence ties with Beijing will be further reinforced following earlier projects undertaken by the two in jointly producing fighter planes, warships and tanks. But if Pakistan’s economy continues to sink, the country’s armed forces could well be faced with terrestrial challenges with the Taliban and others in which submarines may be little help. Meanwhile, India gets richer by the day.

Cash-strapped Pakistan buys submarines | beyondbrics | News and views on emerging markets from the Financial Times