Flight of falcon
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Since PTA tax has been one of the complain of OP.
This is the other side of the story. How much it has transformed. Last month December 2021 Pakistan assembled 2.54m cellphones.
Pakistanis bought 3.5crore phones last year Jan-Dec.
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Nawaj made zero phones because he wanted Pakistani people to have latest spanking I phones …. He is our great visionary leader …
I usually ignore these types of posts but I can't help myself.
1. Khan has built the fundamentals of sustainable economic growth. He's cut off the artificial inflation of the currency, reduced subsidies, paid back a lot of debt (albeit some through refinancing) and reduced the current account defecit. This has led to an increase in exports, higher GDP, increased consumer spending, increased business borrowing - all whilst the country went through COVID-19, a 2 year period where most of the worlds economies shrunk.
2. Khan also managed COVID-19 excellently, Pakistan did not go bankrupt during this period, people did not die of hunger on the streets, our healthcare system did not collapse, there were no piles of corpses on the streets. This was thanks to Khan and his team.
3. Khan has actually built MORE infrastructure in his time than the previous govt did during the same period of time.
Major work on CPEC projects done by PTI govt: Asad Umar
ISLAMABAD: Minister for Planning, Development, and Special Initiatives Asad Umar on Friday dispelled the impression of slowing down the pace of the China Pakistan Economic Corridor (CPEC) projects sayprofit.pakistantoday.com.pk
He has also started work on huge canals to irrigate south punjab and Sindh. https://www.adb.org/news/200-million-adb-loan-develop-irrigation-system-pakistan
On top of that he has invested in people. Everyone in Pakistan other than population of Sindh province will have access to health insurance by end of PTI tenure. People are being treated by this now. He has enacted a new single national curriculum which is being rolled out now. The effects of that can only be measured 10 years from now.
There is far too much to list, but people choose to ignore the good and focus on inflation. Inflation is a massive problem, but it is not the be all and end all of economics. I accept it's easy for me to say as someone who isn't suffering because of inflation. I am affected by it, im not working a weekend job because of it, but i'm not suffering.
IMF
You said Khan took us back to IMF. He did so because the previous govt left the country bankrupt and nobody else was willing to lend to fill the loan. You complain about taxes and inflation now, you'd be seeing stars if Pakistani's had to pay their own bills with their own money rather than through borrowing.
You say he lost Kashmir? Which part has been lost? Where has LOC changed? When has govt accepted any unilateral Indian decision? Indians could quite easily say Pakistan has done the same to GB which it considers part of the disputed territory.
Loans have gone up. Yes they have in rupee amount, because the value of the dollar has gone down. On top of that debts have matured which needed paying, we had no money to pay them with so we took loans to do so. Also borrowing has been done to invest in infrastructure. What has changed is that borrowing to run the daily tasks of the country, has reduced. These are the most dangerous loans, the ones we take for daily spending.
Also final question you asked, why are our reserves low - we're importing a lot of stuff, we're paying a lot of loans, people want that in USD, not PKR. This is why exports are so important, to bring in enough USD that we have enouch foreign currency to pay loans and buy all the fancy sh1t from abroad that we want.
Great post and summarizes everything very well.
Wait till he posts that Kaddu is still expensive in Pakistan …. Patwari mind is a curse that is sinking Pakistan . Low iodine and inbreeding depression is a deadly combination.