@WishLivePak
Also current regime got $11 in reserves, which the gov't grew to 16 in less than 2 years.
Cheaper oil prices did that. Overseas Pakistani remittance increased. GOP did what?
Also you can't compare countries so easily. Bangladesh have a smaller GDP than Pakistan.
Pakistan's borrowings are 30% of its GDP, while Its 23% for Bangladesh.
Regardless of GDP size, It was Per capita any way, which is a international norm, due to some countries being big (Population wise) and some smaller.
@WishLivePak
Japan has debt of some 100k per person, does that mean they're doing awful?
Japan is a net creditor (Not in the red but in a plus) because it has more overseas investments like Norway and others. Something that is not the case for precarious Pakistan.
The Myth that Japan is Broke: The World’s Largest “Debtor” is now the Largest Creditor | Global Research
@WishLivePak
We're reducing our external debt, building AND growing reserves.
Just because of falling oil prices coupled with increase in overseas remittance and GOP not spending money on electricity grid boost up (Rampant load shedding through out Pakistan) does not mean Nawaz Govt is efficient.
Again you are comparing things the wrong way. World
isn't black and white.
1) You are saying that Pakistan's external debt have fallen and reserves have rose because of cheaper oil. That is true, but not
truest. Compared to all neighboring countries except Iran, we charge around 69 cents per liter. Meanwhile Bangladesh charges sub 100 cents (both USD), per liter. Indeed the 30% of extra revenue can give Bangladesh a bigger boost, reducing external debt and increasing reserves if the gov't chooses to do so. There is a research done on this, you can ask
@Jungibaaz as he is familiar with it.
2) Oh and Pakistan isn't the only country in the world to get remittance. Bangladesh gets it too. But remittance in just two years, including slight oil profits, in two years will not help gov't by $7b. Let's not forget many times gov't gave subsidies when oil prices were high, so they were actually losing money. So again, it isn't black and white.
Give this a read:
Overseas Pakistanis send $14.9bn as global remittances grow - Newspaper - DAWN.COM Bangladesh actually received
more remittance than Pakistan.
Please do better research before posting.
So where does it go to?
It is actually shameful considering what a resourceful country Pakistan is!
They actually have ways to pay it back, with INDUSTRIES....sounds foreign?
I am not reading between lines, I am asking you to think and think about which is more important in the long run? Priorities...
THAT is the problem I have highlighted in a few threads already...without electricity you cant expect to get industries to work up to target and to actually get income...to help reduce the debt! Shouldnt that be a priority over building roads and more roads and more roads? People arent exactly gonna eat roads you know!
Reports have been dragging it to new eras....something along the lines it isnt gonna be solved in our lifetime!
This all happens from planning had the govt planned properly we wouldnt have crashed so dramatically! And even now, Noon isnt planning, roads alone doesnt make a country developed!
Again priorities are wrong! The rich can go overseas for their health care where are the "common and poor people" gonna go?
And it is basically because of lack of education we keep having to deal with PPP and their likes over and over!
Thanks to lack of law and order we have kids being arrested while not a single rapist being sent to the gallows!
I believe these are more important than having highways! PEOPLE matter more and PEOPLE need food, shelter, clothing along which comes medical care and education THAN only can one brag about development!
2012? Really? And exactly what did you justify or even show?
Honestly, wth.
If gov't has said it'll take loan, it does NOT get added to external debt. It gets added
after it takes it. Gov't accounts are not built on speculations or words, but actual actions. If gov't tomorrow says it'll borrow $17 trillion dollars, it won't get added until it actually borrows that money. So it goes nowhere.
Indeed Pakistan is a resourceful country, but it doesn't turn around in two years, after the shape previous gov't gave it in.
Gov't isn't building
only roads in Pakistan. They are building many more things. Roads are easier and cheaper to make, hence it makes the news often. Oh and industries love roads. If a motorway between sialkot and lahore is made, or between kabul and peshawar, it is going to help industrialist.
Pakistan is not a welfare state nor can it become. Indeed what you say is what people need, but Pakistan cannot afford it. We are a nation of 200m with a gdp that is low per capita. Hence, it'll bankrupt our gov't if we start to increase welfare. Pakistan needs development before welfare. Go look at any history of powerful nation. It went through development before it gave welfare. If you go welfare before development, as is the case for Cuba, you suffer.
