Most indicators reflect substandard show

[SBD-3]

You can jump if you have will otherwise there are plenty of excuses. It is is just a habit that governments blame the previous ones .. nothing else. We need to see the performance of this current year exclusively and current scenario is:

1. Debts increase and Pakistan is stuck in a vicious cycle of IMF. This is brain child of Isaac Daar and not Hina Rabbani Khar or Hafeez Shekh so please stop blaming previous governments.
2. Electricity in Pakistan is the expensive most in the South Asia region.
3. No substantial increase in growth rate, GDP. Government couldn't even achieve 3.9% in agriculture and public sector. Agriculture where you don't need any special extra effort like industry. Blame PPP government for that?
4. PMLN Government is missing the twice revised target of Tax collection. Is it also due to back lag from previous regimes?
5. In contrast with the target of 15.1% of the GDP, the share of investments in 2013-14 remained 14%. The savings-to-GDP ratio remained 13% in 2013-14 as opposed to the original target of 14%. Now this is the target PMLN set and claimed that they would achieve that in order to make headline but ground reality is opposite. who is culprit here?
6. Current account deficit in 2013-14 is up by 37% Year-on-Year basis. Isn't it incompetency of PMLN?
7. The average CPI inflation of 8.7% and PMLN claims that dollar value came down. It is such a joke which is factually wrong and hence the inflation.
8. The FDI decreased by 13% in this year. So is it also due to bad economic policies of zardari?

So what are you defending basically?

Come on man and try to defend something which is substantial. PMLN is merely hollow slogans and propaganda! They just make headlines that they will do this and that but in fact the result is zero. They are boondoggling the nation that they have revived the economic condition of Pakistan by spending public money on ads. I am here and by Allah's grace you will also be here after five years. Will see if there is any substantial change in the Pakistani economy due to PMLN's experienced people's experience.
.

Again as I said before, economic management is not a simple phenomenon.
1- IMF's "loan" -as people famously put it here- is actually a Current Account support facility (SBA) and the amount can only be utilized for temporarily bridging the current account gap.The amount is repaid automatically during the period of SBA and thus doesn't count as hardcore debt or a debt which stays on the national books.
2-Probably you can also add the mix of electricity generation in Pakistan.....i mean everybody knows that we have been producing oil based electricity. Secondly the portion of hydal to total general has significantly fallen (~30% in 1992 to around 11% now). Plus add around 20-30% distribution losses and of course the theft over which the provincial governments rather prefer to play ethnicity card than cooperate. So its only obvious that electricity is expensive.
3-At the time of setting it, both Dar and IMF insisted that the target is very ambitious. Thats why IMF agreed for a downward revision. The tax flows increased 16% YoY though.
4-If you had remembered, the IMF's forecast for Pakistani growth was around 3.2% while international agencies put the expected growth at 3%. The actual growth 4.14% YoY still outperforms not only the forecasts but higher than that of previous year's.
So probably being rehotric is an easy job....however, if you have a look at the economic indicators probably, things are not as bad as you're trying to portray....
http://www.sbp.org.pk/m_policy/2014/MPS-May-2014-Compendium.pdf

 

[MM_Haider]

Again as I said before, economic management is not a simple phenomenon.
1- IMF's "loan" -as people famously put it here- is actually a Current Account support facility (SBA) and the amount can only be utilized for temporarily bridging the current account gap.The amount is repaid automatically during the period of SBA and thus doesn't count as hardcore debt or a debt which stays on the national books.
2-Probably you can also add the mix of electricity generation in Pakistan.....i mean everybody knows that we have been producing oil based electricity. Secondly the portion of hydal to total general has significantly fallen (~30% in 1992 to around 11% now). Plus add around 20-30% distribution losses and of course the theft over which the provincial governments rather prefer to play ethnicity card than cooperate. So its only obvious that electricity is expensive.
3-At the time of setting it, both Dar and IMF insisted that the target is very ambitious. Thats why IMF agreed for a downward revision. The tax flows increased 16% YoY though.
4-If you had remembered, the IMF's forecast for Pakistani growth was around 3.2% while international agencies put the expected growth at 3%. The actual growth 4.14% YoY still outperforms not only the forecasts but higher than that of previous year's.
So probably being rehotric is an easy job....however, if you have a look at the economic indicators probably, things are not as bad as you're trying to portray....
http://www.sbp.org.pk/m_policy/2014/MPS-May-2014-Compendium.pdf

1. Economy is not a simple phenomenon is the phrase which is used to enslave the nation and when there is nothing left to explain people resort to this. Mate, this is quite simple. IMF loan is hardcore debt! Can you tell me a single nation which was able to return all the debts from IMF since the day IMF is created? How about the interest that accrues on the loan? How about the policies that IMF designs for a particular nation after giving those debts? It is IMF which dictates a nation when and how to increase the price of such and such commodity. So please, come off it. The fact remains that PMLN who came in to power with a slogan to break the begging bowl has even increased its size.
2. for electricity, i asked earlier and i ask again, what are the measures this government has taken to improve the infrastructure to minimize the line losses in this first year?
3. such increase in tax is minimal and in fact the target is not achieved. and your only defence is that, no matter target isnt achieved but it is increased. see the history and you will see that tax collection increased by every passing year which is by design. What is PMLN's achievement in this?
4. Let me again remind you that the GDP growth is less than what PMLN promised! so this is again a big question mark on PMLN's performance.

don't just defend for the sake of defending.

 

[SBD-3]

1. Economy is not a simple phenomenon is the phrase which is used to enslave the nation and when there is nothing left to explain people resort to this. Mate, this is quite simple. IMF loan is hardcore debt! Can you tell me a single nation which was able to return all the debts from IMF since the day IMF is created? How about the interest that accrues on the loan? How about the policies that IMF designs for a particular nation after giving those debts? It is IMF which dictates a nation when and how to increase the price of such and such commodity. So please, come off it. The fact remains that PMLN who came in to power with a slogan to break the begging bowl has even increased its size.
2. for electricity, i asked earlier and i ask again, what are the measures this government has taken to improve the infrastructure to minimize the line losses in this first year?
3. such increase in tax is minimal and in fact the target is not achieved. and your only defence is that, no matter target isnt achieved but it is increased. see the history and you will see that tax collection increased by every passing year which is by design. What is PMLN's achievement in this?
4. Let me again remind you that the GDP growth is less than what PMLN promised! so this is again a big question mark on PMLN's performance.

don't just defend for the sake of defending.

One again your focusing more on sarcasm than reality.
Factsheet -- IMF Stand-By Arrangement
Pakistan - Tax revenue (% of GDP)
Pakistan - Inflation, consumer prices (annual %)
Pakistan - External balance on goods and services (current US$)
and please let me know whether the statistics support your sarcasm....

 

[MM_Haider]

One again your focusing more on sarcasm than reality.
Factsheet -- IMF Stand-By Arrangement
Pakistan - Tax revenue (% of GDP)
Pakistan - Inflation, consumer prices (annual %)
Pakistan - External balance on goods and services (current US$)
and please let me know whether the statistics support your sarcasm....

Mate, whatever you have to say, please say in your own words, if you want do discuss something as flinging sundry links on my head don't prove anything. The fact remains that the indicators for the year 2013-14 reflect a substandard show from PMLN. period.

 

[SBD-3]

Mate, whatever you have to say, please say in your own words, if you want do discuss something as flinging sundry links on my head don't prove anything. The fact remains that the indicators for the year 2013-14 reflect a substandard show from PMLN. period.

I am not using sundry links for nothing....These are the Statistics rather than empty sarcasm.....

 

[MM_Haider]

I am not using sundry links for nothing....These are the Statistics rather than empty sarcasm.....

these are for nothing.. if you had cared looking at them, the data is for 2012 (even that doesn't tell what you really want to establish, that's why use your own words).. we are talking about the PMLN's performance for the year 2013-14! So please instead of doing propaganda bring the facts that PMLN performed really well in this year and the facts given in news of express tribune are false.

 

[SBD-3]

these are for nothing.. if you had cared looking at them, the data is for 2012 (even that doesn't tell what you really want to establish, that's why use your own words).. we are talking about the PMLN's performance for the year 2013-14! So please instead of doing propaganda bring the facts that PMLN performed really well in this year and the facts given in news of express tribune are false.

Well then i guess nothing which can satisfy egos...so I rest my case..

 

[MM_Haider]

Well then i guess nothing which can satisfy egos...so I rest my case..

you don't have substance to prove your (whatever) point, bro. It is not about ego.

 

[SBD-3]

you don't have substance to prove your (whatever) point, bro. It is not about ego.

I reiterate that to accept something to be substantial, one must be willing to see beyond his own ego...

 

[MM_Haider]

I reiterate that to accept something to be substantial, one must be willing to see beyond his own ego...

read post #15. no ego just facts.

 

[Chak Bamu]

Pathetic hit-job article. This clearly betrays OP's bias, whose (lack of) understanding can simply be guaged by post #10.

 

[Viper0011.]

where is the substance in your verbose to counter the facts provided by the Journalist! If you are trying to put your argument only on Appeal to Authority then you are doing it wrong mate!..

Where is the substance in my post, everything I said was actually a fact. You don't want to regard that, that's your issue.....let's ask the readers who live in Pakistan?

Hi Readers. Please honestly answer my questions, in a yes no manner. This isn't a political pole so you guys have to be honest and without any bias:
1) Have the power outages been reduced?
2) Has the stock market of Pakistan doubled up and its increasing in numbers every month?
3) You, the readers or your family members, friends, who used to complain about businesses being shut down due to many reasons, including power, are they feeling like they can breathe again and do business? (realize, no one's asking if they are making a lot of profit, you can't do that in a country that almost had no electric output left for the industry).
4) Are you guys seeing large infrastructure projects take off and some actually getting done too?
5) Is there a general sense of economy started to get somewhat better? (not GREAT, just starting to get better as it takes a few years)?
6) Are the real estate, housing, commercial prices on the rise? (housing / real estate market is a hue indicator of consumer confidence in its gov't, the system and the policies)?

Thanks for participating.

lack of taxation reforms is extremely is worrisome, on basis of Tax to GDP ration govt made little to no gain in(less than 1% gain) taxation, in fact it decreased (in form of direct taxations)..!!!
so, govt performed well from the previous govt but as whole its performance is below expectations. as i said before poor tax collection resulted in axing a lot of development projects resulting in lower GDP growh

I agree with you. The US and the IMF, the World Bank, etc all have concerns over low taxation. Pakistan's taxation is one of the lowest in the world. Its great if the country was Texas rich but its not. It's a poor country. I agree, I'd consider these guys to fail too if they can't raise the taxes to appropriate level. You just won't be able to grow your economy without raising taxes.

 

[MM_Haider]

Where is the substance in my post, everything I said was actually a fact. You don't want to regard that, that's your issue.....let's ask the readers who live in Pakistan?
Hi Readers. Please honestly answer my questions, in a yes no manner. This isn't a political pole so you guys have to be honest and without any bias:
1) Have the power outages been reduced?
2) Has the stock market of Pakistan doubled up and its increasing in numbers every month?
3) You, the readers or your family members, friends, who used to complain about businesses being shut down due to many reasons, including power, are they feeling like they can breathe again and do business? (realize, no one's asking if they are making a lot of profit, you can't do that in a country that almost had no electric output left for the industry).
4) Are you guys seeing large infrastructure projects take off and some actually getting done too?
5) Is there a general sense of economy started to get somewhat better? (not GREAT, just starting to get better as it takes a few years)?
6) Are the real estate, housing, commercial prices on the rise? (housing / real estate market is a hue indicator of consumer confidence in its gov't, the system and the policies)?
Thanks for participating.

You are relying more on the semblance and perception rather than facts and figures.

 

[Viper0011.]

You are relying more on the semblance and perception rather than facts and figures.

And you are distorting reality by pushing your bias in more and more in every post. Let the people answer. The post wasn't for you, it was for the readers to answer.....

 

[MM_Haider]

And you are distorting reality by pushing your bias in more and more in every post. Let the people answer. The post wasn't for you, it was for the readers to answer.....

I don't have bias. If the News was read "Economic indicators reflect a great show"... I would have tried even then to post that with pride. in your post i was quoted that's why i responded.