Imports are not free lunch. They must be financed through external debt or exports. As exports declined during PMLN and external debt exploded, hence these imports were devastating for Pakistan in the long run.
Ok, let me try and explain yet again, we were importing machinary, raw material and other items which were 'essential' for CPEC, for Power Generation etc., which was required to set the base for an economy that would eventually become export oriented. Everything that we needed to become export oriented had to be IMPORTED!
You must have posted the above graph, and related import material maybe a few hundred times on this forum......have you ever, even once, bothered to go into the details of what was actually being imported that created this effect? Was NS or Dar importing goods for their own houses?
Do you even know who you need to thank for the increase in export? with availability of sufficient power and machinery for the industry? Or perhaps you are led to believe, which wouldn't be difficult in your case, that all the businessmen were sitting idle with switched of plants and industry during PML tenure for some ulterior motive by the PML.
This again refers to our higher imports which were because of ............ ??? It shouldn't be too hard after all the hints you have been provided left, right and center.
And again.....
Well, here is another easy example:
A person has a loan of Rs. 1000 which he has to pay out of his income of Rs. 50/month out of which he also has to accommodate his expenses. He takes on another Rs. 1000 note to establish a business. It takes him some time to establish the business, to rent a suitable space, install the required machinery, recruit the needed man power, get orders, procure raw material, train resources, produce goods and supply them. During this period, his spreadsheed looks awful as now he has a debt of Rs. 2000 and he is still earning Rs. 50 (from his job). However, as soon as his business comes online and he starts making a profit, the debt starts looking managable.
After a while, the same person wants to expand his business and gets a loan of Rs. 5000; but since his income is now Rs. 300, that 5000 loan looks more manageable than the Rs. 1000 initial loan was at his Rs. 50 salary. In other words, with a growing economy, one can sustain a larger debt for eventual pay off when his investments come due.
On the other hand, if someone causes a loss to the point where the economy not only nose dives but actually contracts, then even small loans start crushing.
The ministries of finance and planning and development had claimed that the Emerging Markets is a World Bank and IMF publication and that it was a matter of honour for the country that the publication bestowed these awards to Pakistani political personalities.
“Emerging Markets is an independent publication,” said Harald Finger, the Washington-based chief of the IMF mission for Pakistan, while addressing a press conference from Washington through a video-link. He was responding to a question about whether he congratulated Finance Minister Dar on winning IMF/WB Best South Asia Minister award.
“The IMF is not involved with the Emerging Markets publication,” said Wafa Amr, IMF’s Washington-based media contact person for Pakistan, who was also present at the occasion.
What is important is what I said and posted, I am not responsible for anyone else. And I never mentioned anything about IMF. However, the Emerging Markets publication did honor Dar with the award and they are not your average Joe's who write articles on whims in Dawn............
IK didn't say he would commit suicide if Pakistan was to default by not going to IMF. IK's ego is not bigger than his loyalty to Pakistan.
Hmmm......so there were conditions to his suicide, in reference to going to the IMF. I must have missed the fine print!
As for your insinuation about IK being loyal, the fact that important country visits by Turkish, Chinese and perhaps even the Russian premiers were blocked by IK during his Dharna should have been enough, if not for the attack of his minions on state institutions with the help of Qadri and Co.