Pak teetering on the brink of complete economic breakdown: Finance Minister

[Neither Right Nor Wrong]

Unless things have been turned around at those PSE's (or are in the process of being turned around), the largest loss making PSE's drain almost as much as the entire defence budget in annual losses, and Pakistan would be better off privatizing them even at rock bottom prices.

The GoP would probably attract interest from domestic/Arab/Chinese bidders if it indicated a willingness to sell at low prices, and still end up saving a ton money annually from not having to deal with the losses and the rampant corruption (thousands of unnecessary politically motivated appointments at the PSE's).

It will a hugely unpopular move at least with workers of those PSEs ..because privatization of loss making firms, results in lots of pink slips and slog hours ..govt might loose a major portions of their vote banks

 

[TaimiKhan]

It would be raining money if..Pakistan forgets Kashmir

A Stable government+Trade with Neighbors +(Already surplus Human and Natural resource)=2.1 trillion $ economy in mere 30 years


if Pakistan Continues then..
It doesn't cost India much due its size and 2 decades of economic boom but may be fatal for Pak economy

Where does it says the economic difficulty is due to Kashmir ??

You guys are even more obsessed with Kashmir, then we are.

By the way great logic.

 

[BATMAN]

Just sell a nuke to Saudi Arabia for 100 billion problem solved

Very irresponsible....and childish comments, i must say.
Why can't you think of taking away tax relief to all goods passing through Pakistan to Indian and Afghanistan?

Best way to improve economy is start charging 10K$ to every truck passing through Pakistan, en route Afghanistan and India.

1000trucks / month will generate 10 million, and per year it may reach 120million.

 

[Coltsfan]

Best way to improve economy is start charging 10K$ to every truck passing through Pakistan, en route Afghanistan and India.

1000trucks / month will generate 10 million, and per year it may reach 120million.

Do you think the trucks are hauling Gold bars that they will pay $10K for each?

If you just day dreaming why stop at $10K, why not charge $10 million each truck, that way you can get $10 billion per month and soon Pakistan will be richest country

 

[BATMAN]

Do you think the trucks are hauling Gold bars that they will pay $10K for each?

If you just day dreaming why stop at $10K, why not charge $10 million each truck, that way you can get $10 billion per month and soon Pakistan will be richest country

To be honest who cares... we have asked same question to IMF and world bank... why are you charging us highest markups and than again markups over markups.... guess what they replied 'who cares' their aim is to make max profits and pay salaries to its staff.

Pakistan is paying debt servicing in millions to IMF and World bank which Sharif and Zardari borrowed to build highways and motorways.
Now those roads are completely destroyed by the use of those trollers towing goods to Indian and Afghanistan. This is despite the fact that we have spent millions more since last 9 years to repair those roads.
Now again to rebuild those roads to the shape of 9 years ago we need to borrow more millions.
We have to divide the total cost to the commercial traffic evenly not that we wish to do it for profit.
Since last 10 years Pakistan was a rich state and did not mind aiding Indian and western convoys but today we are discussing solutions for ecnomic revival and IMO this is quick fix.

 

[MilesTogo]

Sell rights to untapped resources - gas, minerals, coal etc to china, Iran and turkey.

 

[BATMAN]

That's why we appointed Zardari as President of Pakistan to sell all rights of Pakistan and its people to foreign states and guess what he is negotiating hard with India and US.

 

[somebozo]

Pakistan is dealing a complete blow of confidence...failed gov, failed security, failed planning..EVen if Indian investment is to be opened it would become a huge challenge to provide security because it will be favourite targets of madrassa bad boys group..there is no shortage of money in pakistan..shortage is of honesty and integrity.

80Billion forigen investment has left the country just by the rumor of zardari comin to power..the best we can do to improve our forigen investment prospect is to cull zardari from power.

 

[BATMAN]

apparently yes but Indian interests are well guarded in Afghanistan from where all the suicide bombers and TTP originate.
Why would same elements target Indian interests in Pakistan?

 

[Jackdaws]

I am not much of an economist but instead of going to the IMF or World Bank, couldn't Pakistan raise the money by selling something to its ally China? Gas basins or some such.

 

[Malik Usman]

what is the immideate solution for this

The only immidiate solutions of this is too make one line and shot all those Bastards looting our Country..........Most corrupted and theivies in our history are now ruling our country.

 

[BATMAN]

I am not much of an economist but instead of going to the IMF or World Bank, couldn't Pakistan raise the money by selling something to its ally China? Gas basins or some such.

You sound very concerned!?
FYI, no one knows more than Zardari how to make quick money and he is our President so stop worrying.

In real world, no legal means we can generate quick money.

We can start charging flood tax on transit trade but that may take years and our govt. is not interested in long term business deals. They are looking to cancel previous business deals if it earn them hard cash readily, like we exchanged our F-16 with wheat and shipment charges.

 

[Safriz]

Oh well...
The thing is that when Pakistan Hasnt been on the Brink in the last 60 years?

Its always been on the brink.....

THATS NORMAL....NO BIGGY

 

[Eminem]

Now only if I could find a good leader... perhaps I might have one under my bed.

I agree with you, but unfortunately it is easier said than done...

sir ji, no pain no gain.Boss nothing is impossible.

 

[Eminem]

Pakistan is dealing a complete blow of confidence...failed gov, failed security, failed planning..EVen if Indian investment is to be opened it would become a huge challenge to provide security because it will be favourite targets of madrassa bad boys group..there is no shortage of money in pakistan..shortage is of honesty and integrity.

80Billion forigen investment has left the country just by the rumor of zardari comin to power..the best we can do to improve our forigen investment prospect is to cull zardari from power.

100% agreed bro.