its more of your word against mine .
No my friends. Its facts v/s propaganda. Don't cherry pick the numbers. Go for the complete picture. Now let me debunk each of your words one by one.
Our exports started to rise in 2017 to 2018 with increase of 13% after Govt gave tax relief to exporters.
Why just 2017 and 2018. Why not full tenure. Let me give you figures of previous years:
So exports declined consistently in 2014, 15, 16 and 17. so 18 was not increase but a mere recovery of previous downfall. On overall basis during PMLN tenure our exports were stagnant which actually means decline as our population increased during the same period as well as world economy but we remained stagnant.
Govt gave tax relief to exporters.
Which tax relief since couple of decades tax rates on exports are same. Income tax 1% sales tax 0%.
our external account deficit was high due to power plants and infrastructure ramping up .
Sir out of total current account deficit of 19 billion import of power plant machinery is around 10%. Here is the actual figures of imports of Fiscal year 2017 and 2018
look at the last line)
Reserves were 18 Billion when PTI govt took over
Don't quote overall reserves as reserves with commercial banks has nothing to do with government. Even combine reserves were 16 billion not 18 billion and that declined from 23 billion 2 years back.
The real irony is the state bank reserves that declined from 18 billion to 9.7 billion in last 2 years with a deficit of 19 billion dollars. it means to finance shortfall of 19 billion state bank only had just 9.7 billion.
PMLN tried to ensure that Pakistan either get bankrupt or had to took so much loan that we can't do any development at all. Below are the numbers of SBP:
So on net basis PMLN government not only reduced the SBP reserves but also increased the current deficit from mere 2 billion dollars to 19 billions.
GCC was angry over Gawadar and KSA over Yemen
GCC is angry due to Gawadar that's why same GCC is now using CPEC and Gawadar to install refineries. Same GCC is not angry with India for Chabahar that is direct competitor of GCC in terms of oil exports.
What are you talking about man ? Give me fact not opinion.
US was angry due to CPEC and China centricity
Then why we have diplomats for ? Why USA is not angry with us now ?
Textile industry data will really make your case strong but any way Bangladesh is textile heaven with cheap and productive labour .
Why are we not ? China's labor is not cheaper than us but still they are much bigger exporter than us. So don't blame it on cheap labor. Who is supposed to remove bureaucratic bottleneck?
In punjab alone there were closed to 49 new hospitals built where as in KPK there is no new dispensary built .
Yes, few more projects as this is the way commissions are earned. But what is the real situation of those hospitals? Are they working fine? then why your PMLN leader had to go outside ?
Furthermore, in KPK not even a dispensary. This is a mere political statement. Go and meet people of KPK as they seems to be very happy with PTI in services. alot of my friends are really satisfied with the service.
I dont have the data to share the actual number of hospital built in KPK and Punjab. If you can share some authentic data I am happy to learn.
Now comes to stats .
Avg GDP growth was 5 %
Do you know formula for GDP? One of the basic component of GDP growth is consumption and the best was to manipulate the GDP number is take loans and spend a lot. It will result in increase in GDP but will get you in a debt trap.
PMLN did exactly the same. PMLN increased the consumption by releasing SBP reserves, taking loans and spending higher than the income resulting in 19 billion dollar deficit. With a economy of 300 billion dollars an injection of 19 billion deficit and 10 billion reserves means 10% increase in GDP but it means you get loans to finance your luxuries which you cant afford.
India was checked and never dared for any misadventure
Yes because India was killing our people through Kulbhushan and killing our soldiers and we were inviting modi on private functions.
In which world you were living?
I wonder how a Pakistani in his right mind can even support this ? Either you dont the reality or you are out of your senses the treachery they did is humongous.
Brother, hate Imran Khan, hate PTI or anything but atleast see the reality of PMLN. Talk to any genuine economist or experienced finance guy having high level knowledge of economy and they will tell you how PMLN try to literally destroy Pakistan economically ...
