PML-N Worse than PPP in Managing Economy

[notorious_eagle]

Let's go through your argument point by point.

There is a clear increase in Tax collection.

Wrong. There is a clear increase in Indirect Tax Collection, not Direct Tax Collection. This means, the rich are largely left alone with their tax emption status and the poor are left to foot the bill. So yes, increase in Tax Collection from the poor. Good Job.

Exports increase is bound to Electricity and gas availability that is where CPEC comes into light.

The most optimistic scenario states that CPEC Projects will come online in the next 5-10 years as they are still in Planning Phases, only lower level work has broken ground. Exports in the past 2.5 years have gone down compared to the PPP Era, despite continuous supply of electricity to the Industry.

Unless our nation can bring money out of thin air you have no choice to take loans for development projects and to keep your currency stable.

Tax collection from the rich, hammering on corruption and end of wasteful spending. You know how normal countries raise money, instead of leaving debt to our future generations.

The debt figures are completely ridiculous with no solid basis. These figures have been taken into consideration by keeping in mind that debt wont be returned at all. People are not idiot as they know what is wrong and where is wrong but useless propaganda at a crucial time is nothing but pure jealousy.

If you call the debt figures released by the Finance Ministry ridiculous and not solid, i really don't know what to say because i was under the impression that the Finance Ministry handles all the wheeling and dealings of acquiring loans for the Federal Government. But you're claiming otherwise, i guess the Finance Minister should be sacked for providing fake numbers to the Nation.

 

[Kakaspai]

This is what we have come to.We always compare ourselves with the worst.Noonies say atleast they are doing better than PPP.Why dont they compare themselves with the other world

 

[xyxmt]

When asked if PTI will rather choose TTP or PMLN to run Pakistan overwhelming support from PTI leadership went in favor of TTP

 

[MystryMan]

Hi,

That is what I thought---that Mr Zardari was the tops----no---PMLn has taken it to levels one could not imagine---.

Zardari was stupid-----he continued his corruption till the last day in office----a good rule of thumb is to do corruption in the first 2.5 years---and in the next 2.5 years---do a lots of good stuff and clamp down on corruption.

Zardari took 25 billion loan in 5 years---now remember that a barrel had gone upto 140 + dollars at that time----Nawaz otoh has taken out 29 billion in 2.5 years and in his time for the last year the barrel of oil is around 40 dollars.

Nawaz and hos team's corruption has beaten Zardari hands down----.

Also the Law and Order has improved with Zarb e Azhe and Karachi Operation. SO this should help in improving the economy overall. But it seems that the experienced team of PML-N only knows one solution for all problems i.e. Take More Loans and bulid expensive Metro Bus and Orange Trains.
The irony is that they claimed that Metro Bus will solve transportation problem in Lahore but within three years of its inauguration they now want to build the Orange Train. It shows that the Metro Project was not well planed as was claimed in its defense, but if it was to win elections then it worked really well.

 

[Edevelop]

So where did PTI get these figures from ? I'm sure the government probably didn't just give it to them only to kill itself

Keep saying PML-N worse than PPP, it will only worse PTI's popularity.

 

[Muhammad Omar]

Bhai PPP ki tareefein to krni parien gi Punjab se PML N ko harana jo hai

PPP k 7 alliance kese bnien gai PTI wale? yeh Local bodies election me PPP k 7 alliance bna skte hain to wait for 2018

Desperate to win: PTI makes alliance with worst opposition
PTI, PPP in 7-party alliance out against PML-N in Punjab's local body polls | Pakistan | Dunya News
PTI, PPP agree to form joint opposition in NA - Pakistan - DAWN.COM

 

[notorious_eagle]

So where did PTI get these figures from ? I'm sure the government probably didn't just give it to them only to kill itself

Keep saying PML-N worse than PPP, it will only worse PTI's popularity.

The figures were acquired from Federal Government Institutions such as State Bank, Finance Ministry, Planning Commission etc. The Government 'cannot probably give it to them', the Government has to release these figures as it is a constitutional requirement. Unless there is a change in the Law, Government as part of its Transparency obligations has to release these figures to its internal and external stakeholders.

PTI does not has to say that PML-N is worse than PPP, the numbers and stats prove it themselves. Loans are at an all time high, FDI and Exports are at an all time low. I suggest before opening your mouth and making a fool out of yourself, you should have done your necessary research from the sources that were cited in the White Paper. Good Day

 

[pak avatar]

The fact that PML-N supporters here cant seem to comprehend that PTI is insulting PML-N by saying PPP govt was better rather then allying with ppp just shows there IQ level.
PPP is being used as a sarcastic reference in the white ppr.
PMLN actually performed worse then the PPP. This isnt praising PPP, its highlighting how bad pmln is doing- its a universal fact ppp govt was a disaster

 

[Muhammad Omar]

The fact that PML-N supporters here cant seem to comprehend that PTI is insulting PML-N by saying PPP govt was better rather then allying with ppp just shows there IQ level.
PPP is being used as a sarcastic reference in the white ppr.
PMLN actually performed worse then the PPP. This isnt praising PPP, its highlighting how bad pmln is doing- its a universal fact ppp govt was a disaster

Please ask PTI k Naya KPK bnane pe dehan de 2.5 crore k to Biscuit e kha gya 1 saal me Khattak

Sarcastic or no sarcastic but the thing is they made alliance of the worst party just to win Local Body election... just to outcast PPP will they also alliance with ppp in 2018 and with ANP?

 

[Edevelop]

The figures were acquired from Federal Government Institutions such as State Bank, Finance Ministry, Planning Commission etc. The Government 'cannot probably give it to them', the Government has to release these figures as it is a constitutional requirement. Unless there is a change in the Law, Government as part of its Transparency obligations has to release these figures to its internal and external stakeholders.

PTI does not has to say that PML-N is worse than PPP, the numbers and stats prove it themselves. I suggest before opening your mouth and making a fool out of yourself, you should have done your necessary research from the sources that were cited in the White Paper. Good Day

http://www.dawn.com/news/1204368
http://www.dawn.com/news/1210218
http://www.dawn.com/news/1196174
http://www.dawn.com/news/1224026
http://www.dawn.com/news/1148425
Pakistan improves ranking in Global Competitiveness Report
http://www.dawn.com/news/1159976
Investors flocking to business-friendly Pakistan: Report - The Express Tribune
Pakistan's economy has improved in recent years: WSJ
Pakistan’s Economic Management Gets Thumbs Up From IMF - Frontier Markets News - Emerging & Growth Markets - WSJ
EU trade deal boosts Pakistan exports by $1bn: minister - Pakistan - DAWN.COM

Now I haven't come to individual institutions. If you wish I can also post that.

 

[WAJsal]

Hi,

That is what I thought---that Mr Zardari was the tops----no---PMLn has taken it to levels one could not imagine---.

Zardari was stupid-----he continued his corruption till the last day in office----a good rule of thumb is to do corruption in the first 2.5 years---and in the next 2.5 years---do a lots of good stuff and clamp down on corruption.

Zardari took 25 billion loan in 5 years---now remember that a barrel had gone upto 140 + dollars at that time----Nawaz otoh has taken out 29 billion in 2.5 years and in his time for the last year the barrel of oil is around 40 dollars.

Nawaz and hos team's corruption has beaten Zardari hands down----.

Bhai, Zardari to chota mota chor hai, we have to be careful 'Ganjeey kahein bhag na jaey', i hope he isn't allowed to run this time. As far as revolution is concerned, only revolution i will support is political(i am as sick of the system as you are, in fact more). Any one who stands up to this mafia, i will support; anyone challenging these families, i will support. The worst part is the poor keeping up with this crap, is it too hard to understand? Anyway, get ready for Maryam Nawaz and Hamza taking over...

Please ask PTI k Naya KPK bnane pe dehan de 2.5 crore k to Biscuit e kha gya 1 saal me Khattak

Sarcastic or no sarcastic but the thing is they made alliance of the worst party just to win Local Body election... just to outcast PPP will they also alliance with ppp in 2018 and with ANP?

How is this on topic? forget about PTI! talk about PMLN's incompetence, i would love some proper figures to tackle these claims.

Viper,

My man---I don't know what you are upto---. There are no programs to advance the country--.

The bus doesn't do anything---. Industry needs electricity and gas----. The bus is a fraud project. People have no medicine---uneployment getting higher and higher---loot and plunder all over---.

I told you pappy---we will hang them----when the revolution comes---every single member of their families----young---old---child--adult---male---female----everyone of their family and everyone in PMLN and PPP will be executed---mark my words----and all those associated with them will enjoy the kiss of the hangman's rope around their necks---.

We will try and make sure that there is no HASSINA WAJID left-----.

I wonder what Maryam Nawaz pays him, damn he is doing a good job. Would request our friend Viper to present my name to Maryam Nawaz, would love to earn some easy bucks.

On topic: Watch how the country stumbles after these people leave office.

 

[notorious_eagle]

Inflation hits 12-year low at 1.72pc - Newspaper - DAWN.COM
Foreign exchange reserves all-time high at $20 billion - Pakistan - DAWN.COM
Tax-to-GDP ratio rises to 9.45pc: Dar - Pakistan - DAWN.COM
Pakistan’s GDP to expand by 4.5pc: ADB - Newspaper - DAWN.COM
http://www.dawn.com/news/1148425
Pakistan improves ranking in Global Competitiveness Report
http://www.dawn.com/news/1159976
Investors flocking to business-friendly Pakistan: Report - The Express Tribune
Pakistan's economy has improved in recent years: WSJ
Pakistan’s Economic Management Gets Thumbs Up From IMF - Frontier Markets News - Emerging & Growth Markets - WSJ
EU trade deal boosts Pakistan exports by $1bn: minister - Pakistan - DAWN.COM

Now I haven't come to individual institutions. If you wish I can also post that.

According to data released by the State Bank of Pakistan (SBP) on Wednesday, FDI decreased by $989.3 million year-on-year in July-June, as it amounted to almost $1.7 billion in 2013-14.

2014-15: Foreign direct investment shrinks by 58.2% - The Express Tribune

Pakistan’s exports have plunged to a four-year low of $23.9 billion in the recently ended financial year – missing the target by $3.1 billion and tattering the much-trumpeted ‘Vision 2025’ that promises six times increase in exports in the next 10 years.

The country exported goods worth $23.9 billion during the last financial year 2014-15, which were $1.3 billion or 4.9% less than the previous fiscal year, reported the Pakistan Bureau of Statistics (PBS) on Thursday.

It was a poorer performance compared to Pakistan Peoples Party’s (PPP) last year in office, which is generally considered as a bad year in terms of economic policies and governance. In the last year of the PPP government, the exports had increased to $24.5 billon.

Alarming: Pakistan’s exports plunge to 4-year low - The Express Tribune

Pakistan’s external debt is projected to grow to a whopping $90 billion in the next four years and the country will need $20 billion a year just to meet its external financing requirements amid concerns that all constitutional arrangements put in place to manage debt have become ineffective.

Pakistan’s external debt set to grow to whopping $90b - The Express Tribune

While one moaned the excessive borrowing spree of the PPP led government, debt piling over the last two and half years has been no less scary. Violating all norms (including constitutional) of permissible level of debt in an economy, Pakistan seems headed towards a debt trap. From poorly negotiated terms with the IMF that decelerate economic activity and negate employment creation in home markets, the story is endless: crowding out the of the private sector (more than 85% loan portfolios of the commercial banks in the last 3 years are directed towards the government); compromising the very concept of sovereign debt - cost of governmental borrowing, which in-turn can have far reaching implications not only on the structure of debt but also on the sheer long-term
ability of future governments to reduce the debt ratio; the interest rate conundrum and compromising on the option of using national savings at a given time to reduce national debt; raising expensive debt to retire cheaper borrowings; and last but not least, the whole business of questionable dollar denominated bond issues in the international markets. Pakistan’s total external liabilities at commercial rates today stand at about 36% of our total debt, our principal and interest payment alone tend to be as much as 20% of our total export earnings and the total debt today is as high as nearly two and a half times of our total annual export receipts.

National debt: Facts from fiction?

“The cotton crop has failed and output is likely to be down by over 18 percent. This alone can reduce the GDP growth rate by one percentage point, given the role of cotton in the national economy,” it added. “Exports plummeted by over 14 percent in the first six months. Imports grew in overall quantity terms, thereby adversely impacting on production in import-substituting industries.” -

It said, according to the Social Policy and Development Centre’s estimates, the number of poor is annually increasing by more than three million. “The pressure for fiscal contraction under the IMF program has probably been one factor contributing to the recent increase in poverty,” the statement said.

It said there were also a number of factual inconsistencies in the statement made by Finger on the state of public finances and the IMF mission chief asserts that the reduction in fiscal deficit is a major achievement of the program.

The fiscal deficit is projected to come down to 4.3 percent of the GDP in 2015-16 from 8 percent of the GDP in 2012-13. However, in the latter year, there was a retirement of circular debt of the magnitude of 1.4 percent of the GDP.

“Currently, these liabilities have exceeded two percent of the GDP and inclusive of this the fiscal deficit will reach at least 6.3 percent of the GDP in 2015-16,” the statement said. “This indicates that the underlying magnitude of the fiscal deficit remains high.”

The think tank said the cash deficit may exceed 4.3 percent of the GDP in 2015-16 due to the cost of the prime minister’s agriculture relief package, higher tariff differential subsidy following the reduction in electricity tariff by Rs3/kilowatt hour, lower revenue from the gas infrastructure development cess and lower cash surplus by the provinces. “In fact, it will not be surprising if the fiscal deficit in 2015-16 exceeds the level attained last year of 5.3 percent of the GDP,” it added.

Think tank slams IMF for being soft on Pakistan’s economic indicators | Business | thenews.com.pk

My question to you is, if everything is hunky dory as the articles you posted make it out to be, why is Pakistan's overall economic situation getting worse.

According to the articles you posted, Investors are flocking to Pakistan and Pakistan's exports are increasing. But why do the final numbers say that FDI is at an all time low, Exports are at an all time low, Loans are at an all time high and most importantly our Cotton Crop has failed. SPDC has estimated that the poor in Pakistan are increasing at a rate of 3 million annually, so if the economy is improving than why is the number of poor increasing instead of decreasing.

Instead of making tall empty claims, why don't you provide any factual data.

Please ask PTI k Naya KPK bnane pe dehan de 2.5 crore k to Biscuit e kha gya 1 saal me Khattak

Sarcastic or no sarcastic but the thing is they made alliance of the worst party just to win Local Body election... just to outcast PPP will they also alliance with ppp in 2018 and with ANP?

We are discussing the economy here, please feel free to open a new thread to talk about politics. I would appreciate it, if you would not derail this thread. Lets stick to the economy.

I wonder what Maryam Nawaz pays him, damn he is doing a good job. Would request our friend Viper to present my name to Maryam Nawaz, would love to earn some easy bucks.

He indeed is a very interesting fellow. I remember in an another thread, he was claiming that he was an American. Was very amusing, and good for laughter haha.

 

[Edevelop]

How is this on topic? forget about PTI! talk about PMLN's incompetence, i would love some proper figures to tackle these claims.

Incompetence ? Really ?

- Inflation 12 year low
- Tax to GDP improved
- Foreign Reserves all time high
- Improvement in world corruption index
- Railways earning profit in every fiscal year since arrival of new faces
- PIA earning profit in every fiscal year since arrival of new faces
- Manufacturing and Industry sector producing and earning all time high and less loading shedding
- GSP with E.U
- Increasing trade with Central Asia and capturing markets
- GDP growth rate 5 year high
- 3G/4G auction
- First ever Auto and Aviation policy. Safety & invitation of new cars, new airports, taxes, etc
- First ever Energy policy. Mix use of Coal, Wind, Solar, Hydro, 10,000 MW in the next 3 years etc
- New Urban Transport systems
- CPEC, nation's largest FDI
- First ever National Health Insurance policy and funding

 

[Muhammad Omar]

="WAJsal, post: 8087949, member: 161741"
How is this on topic? forget about PTI! talk about PMLN's incompetence, i would love some proper figures to tackle these claims.
.

Obviously there would be low FDI as Pakistan is Energy Deficient Country why would one Invest in Pakistan when you don't have power don't have proper Road network terrorism was all time high which just in 2015 came down by 70%

First Pakistan has to Become Energy Sufficient Country then investors will come
Due to Power Crisis our existing Industry is facing problems in the end of 2015 they (industries) were given electricity and 0 load shedding was done

in 2013 our country was about to default with just 6 billion dollars reserves left in the Reserves so if they didn't took loan that time where would the Money would come from? Our institutions was down to Earth in 2013 which was about to close down PIA had only 14 planes operational and Railway freight operations was 0

 

[Tameem]

I wonder what Maryam Nawaz pays him, damn he is doing a good job. Would request our friend Viper to present my name to Maryam Nawaz, would love to earn some easy bucks.

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