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and lets not forget how clueless he is, about his own ministry.anyways appointing Ahsan Iqbal as interior minister was a wrong choice, he is much more interested in CPEC and economy..
$53bn over 9yrs of civilian rule - where did they go?
$53bn over 9yrs of civilian rule - where did they go?
The reason the debt has ballooned is because of our dismal budget deficit. We don't export enough because a lot of the foreign business since 2004 started drying up due to security issues. To make up for the balance of payments on our dues, the government has had to borrow each year. The economy has expanded and grown, meaning different industries need more machinery etc. and they are essentially importing all of that and financing that from the sellers. So this is a natural phenomena. The art is to balance this out and ideally export more than import but for that to happen, our economy would need a major shift from one that is primarily agro-based to one that is manufacturing centric.
I state the obvious but a growing debt is no different than the situation with not having enough power generation. Both are indicators of higher demand and the overall growth of the economy. The balance needs to be refined and made more favourable for Pakistan.
How much of the $53bn went into the economy, and how much lined politicians pocket.
62 billions.
And it will increase because the people don't ask questions because they don't know how taxation works.
They are told.
Humne motorway banayi hai
Humne qarza lekar jo road todi thi wahan or qarza lekar dosri road bana rahe hain
Jab wo aadhi ban jaegi to waha tod kar pipelines daalenge.
Phir or qarza lenge.
Phir hum hawaon me urenge.
Wahi 70 saal kay bhudde wahi 75 sala policy.
Per sawal nahi poch sakta.... Democracy ka khuda naraz hojaega
I don't think anyone knows the exact figure. However even if 10% pilfer is assumed, the vast majority is still due to the growing needs of the local economy.How much of the $53bn went into the economy, and how much lined politicians pocket.
What you have stated, is the crux of the problem.
10%!! Oh you are too kind!I don't think anyone knows the exact figure. However even if 10% pilfer is assumed, the vast majority is still due to the growing needs of the local economy.
I personally think a lot of the corruption assumptions are built upon a perception. The reality is that yes there is pilfer and corruption, but Pakistan's infrastructure has improved significantly. If one expects that all this would happen and no chorri then it is unrealistic.