PMLN - Worst Thing happened to Pakistan's Economy post 2013 Elections

[MM_Haider]

Every Noon League supporter when talked to, brags about economic reforms by PMLN. I hereby, invite those to tell us exactly what is Noon league's economic policy. Politically speaking, Ishaq Dar is the worst thing happened to Pakistan after 2013 and he will be the first one to leave the country after 2018.

The salient features of PMLN's economic reforms include:

• PMLN is taking loans from IMF like we buy cigarettes from nearby grocery. Every other day we read news in the papers that nth number of session of dialogues with IMF has been concluded in Dubai. Can somebody please explain as what kind of loans are these and where are these being utilized. This is how it started. IMF Survey : Pakistan Gets $6.6 Billion Loan from IMF
• This Nawaz League is imposing new taxes ONLY on poor consumers. For example taxes on electricity, taxes on withdrawing money from banks, taxes on foreign remittances. look at Ishaq Dar's approach here. He has imposed taxes on remittances from abroad when the amount is less than 20500 PKR. Mostly in middle east there is labor who cannot even send 20000 per month to Pakistan and rich persons are excluded from this tax.
• Every other day Ishq Dar announces that foreign exchange has been reached at record level of 20 odd billion or so without telling that how much loan he has took.
• Measure of economy is by FDIs and other investments. Truth is that post 2013 since PMLN is in power the FDI has been reduced significantly. Welcome to the Board of Investment so what are basically the steps taken by PMLN regime to invite foreign investment? NONE. They are relying on the efficacy of loans from IMF and imposing new taxes on poor masses and small business community sparing big business giants.
• PMLN finance minister is also scared of breaking business cartels like Auto manufacturers. Differences emerge over new auto policy - The Express Tribune

 

[MM_Haider]

another shining example of reforms by PMLN.. 2010 کے سیلاب کی تباہی کے انمٹ نقوش - BBC Urdu

 

[ghazi52]

 

[macnurv]

Blab Blab Blab, PTI , IK are only true patriots, blab blab.

 

[xyxmt]

and he wonders why no one is replying to his wisdom.

 

[Viper0011.]

Every Noon League supporter when talked to, brags about economic reforms by PMLN. I hereby, invite those to tell us exactly what is Noon league's economic policy. Politically speaking, Ishaq Dar is the worst thing happened to Pakistan after 2013 and he will be the first one to leave the country after 2018.

I am not a PML-N supporter. But I do support the work being done in Pakistan to help the common citizen, while rich people like yourself, can enjoy a 24 hour generator operation so you can remain "cool" while millions burn in hot weather, heat and no electricity.

What this means, is that if you change roles, and IK was the current PM and was doing all this work, or Zardari, I would be saying the same good stuff about them. I am judging by people's walk, not just talk, talk, accusations, propaganda and more talk!!! So read below, a complete answer by the bullet:

PMLN is taking loans from IMF like we buy cigarettes from nearby grocery. This is how it started. IMF Survey : Pakistan Gets $6.6 Billion Loan from IMF

Everyone gets loans, the US got $ 1 Trillion from China during the financial meltdown, just a few years ago, to stabilize her system!!! India and UK have loans too. Who do you think Pakistan is? Saudi Arabia or Dubai with Rich oil reserves generating so many billions that they don't need anyone's assistance?

The beauty about Pakistan's current situation is, that it has attracted a lot of investors. Otherwise, a near bankrupt country in 2012, you think you could build a Lahore, Islamabad Metro bus or anything in the next 30 years???? The answer is a whopping HELL NO!!! The loan money is within reasonable limits and the loans are doing their job, that is building projects to help Pakistan grow her economy and help its poor people in getting a better lifestyle. Loans aren't given to the Gov't of Pakistan in terms of a FULL disbursement. The IMF, based on progress made AND payments needed, issues the next installment. Mushy's corruption opened everyone's eyes and after that, Zardari taught everyone a lesson. So no more loans in full paid to the government of Pakistan. They are disbursed under the supervision of the IMF or the loaning bank or country (similarly, USAID in US's case).

This Nawaz League is imposing new taxes ONLY on poor consumers.

People who have stolen taxes for 70 years and have become multi millionaires and billionaires, are bit*ching about this. Had you or your forefathers not bribed the tax guy when he showed up at your business, and paid your due share, you won't feel a "huge" difference right now. As your tax base would be where it needed to be. But the wild wild East had to end at some point. Party is over. Your country is filed with poor people and talented people. They ALL deserve a chance to have a better life. How do you make it happen, without begging others for $$$???? By PAY your fare share of TAXES!!! I think the Pakistani population should have SOME self respect to see that the taxes are needed so everyone like Arabs and Indians, don't make fun of the nation. A nation where people are super RICH due to tax evasion and corruption, and the actual Government is super POOR!!! Rarely you'll see this elsewhere in the world. Lack of respect for your own country.

Measure of economy is by FDIs and other investments. Truth is that post 2013 since PMLN is in power the FDI has been reduced significantly. Welcome to the Board of Investment so what are basically the steps taken by PMLN regime to invite foreign investment?

There are multiple threads on this very forum that talk about the FDI's. I challenge you to post a comparisons of FDI since Zardari's time till now, and even Mushy's time. Show me when you ever had $ 20 billion in your bank account, in the ENTIRE history of Pakistan!! And with so much growth. Then we can talk.

PMLN finance minister is also scared of breaking business cartels like Auto manufacturers. Differences emerge over new auto policy - The Express Tribune

Auto policy isn't a joke. Your previous governments have NEVER paid attention to this area, and they haven't paid attention to the entire Pakistan for that matter. But the current government is fixing stuff now (stuff that was never fixed for 70 years). And now auto policy, you can't just make dramatic changes to pis* off the Japanese as their profits will get restricted, SPECIALLY at a time when you expect billion worth of investments from them in the next few years. So what changes need to be brought, need to be vetted out.

Every good policy starts with disagreements. If you didn't have disagreements and everyone said YES to the FIRST idea presented. There is something seriously wrong with those people involved as smart, experience and creative people will ALWAYS bring in different ideas. That is the beauty to have smart and strong leadership. You pick the best ideas out of those smart suggestions that would work for Pakistan the most.

 

[MM_Haider]

I am not a PML-N supporter. But I do support the work being done in Pakistan to help the common citizen, while rich people like yourself, can enjoy a 24 hour generator operation so you can remain "cool" while millions burn in hot weather, heat and no electricity.

What this means, is that if you change roles, and IK was the current PM and was doing all this work, or Zardari, I would be saying the same good stuff about them. I am judging by people's walk, not just talk, talk, accusations, propaganda and more talk!!! So read below, a complete answer by the bullet:

Please don't be a surreptitious Noon Leaguei and come out of your closet.. don't be shy..

Everyone gets loans, the US got $ 1 Trillion from China during the financial meltdown, just a few years ago, to stabilize her system!!! India and UK have loans too. Who do you think Pakistan is? Saudi Arabia or Dubai with Rich oil reserves generating so many billions that they don't need anyone's assistance?

The beauty about Pakistan's current situation is, that it has attracted a lot of investors. Otherwise, a near bankrupt country in 2012, you think you could build a Lahore, Islamabad Metro bus or anything in the next 30 years???? The answer is a whopping HELL NO!!! The loan money is within reasonable limits and the loans are doing their job, that is building projects to help Pakistan grow her economy and help its poor people in getting a better lifestyle. Loans aren't given to the Gov't of Pakistan in terms of a FULL disbursement. The IMF, based on progress made AND payments needed, issues the next installment. Mushy's corruption opened everyone's eyes and after that, Zardari taught everyone a lesson. So no more loans in full paid to the government of Pakistan. They are disbursed under the supervision of the IMF or the loaning bank or country (similarly, USAID in US's case).

Your major points are in bold .. here is the answer point by point.

• Everyone gets loans.. all of a sudden you are jumping to compare Pakistan with USA whereas USA is at least 200 years ahead of Pakistan in all terms. China and USA both have stakes in each other. Now if USA removes its manufacturing units from China and shift it to any other country China will no longer be the same from growth aspect. The situation here in Pakistan is that even local investors are shifting their units to other countries. APTMA and local business community is on strike every other day. here are quotes from the recent press conference from APTMA chairman. Pakistan’s textile exports have fallen down from a level of $13bn a couple of years ago despite the GSP-Plus status., “The textile industry had lost its viability, as 35 per cent production capacity is being utilised and investments have become stagnant and exports are falling,” So don't tell me anecdotes of USA and China loans.. tell me what PMLN has done to stabilise its own manufacturing units. The situation of Pakistan's main export is that since PMLN govt the exports have fallen down. instead of taking concrete measures to increase exports, they are focusing on loans loans and loans since this is easy job for this so called experienced team.
• Metro Buses: PMLN has built Metro buses which is 20th century technology and at the cost which is highest in the region. I have seen myself in Dubai and beijing such buses run on the same road as for other traffic with just a dedicated track. There is absolutely no need to build dedicated roads and flyover for a stupid bus. Moreover see what BBC has has to say about the motive behind the buses. i.e., to gain political mileage .. ترقیاتی منصوبوں کی سمت صرف انتخابی مقبولیت ہے - BBC Urdu
• The loan is within limits: Wrong. Absolutely wrong. The loan PMLN is taking is not within limits. The government have added about $15.3 billion to the country’s external debt, violating prudent borrowing limits under the Fiscal Responsibility and Debt Limitation Act (FRDLA) and promised to reduce public debt significantly by 2015-16. This misconception that government is borrowing (God knows where the hell is it being spent, since there is no significant change being seen on the public, rather they are on the streets protesting against uncalled for taxes) is dissected here in the news from the horse's mouth. Govt breaches limit, adds $15.3bn to external debt - Newspaper - DAWN.COM If you say these loans are doing their job, please give one good example as how they are doing their job except the hollow chest thumping banters of Ishaq Dar that foreign reserves are at all time high.
• Poor people getting better life style: It is your ipse dexit or you have some significant proof of this?

People who have stolen taxes for 70 years and have become multi millionaires and billionaires, are bit*ching about this. Had you or your forefathers not bribed the tax guy when he showed up at your business, and paid your due share, you won't feel a "huge" difference right now. As your tax base would be where it needed to be. But the wild wild East had to end at some point. Party is over. Your country is filed with poor people and talented people. They ALL deserve a chance to have a better life. How do you make it happen, without begging others for $$$???? By PAY your fare share of TAXES!!! I think the Pakistani population should have SOME self respect to see that the taxes are needed so everyone like Arabs and Indians, don't make fun of the nation. A nation where people are super RICH due to tax evasion and corruption, and the actual Government is super POOR!!! Rarely you'll see this elsewhere in the world. Lack of respect for your own country.

My question was that it is imposing taxes on the poor consumers ONLY. It has nothing to do with business. And don;t be judgmental about me or my forefathers filing of taxes. Example of such taxes include, airport tax, air fare tax, tax on remittance (only below 20500 PKR), tax on mobile card recharge, internet tax etc where the poor persons who already get their taxes cut from their salaries automatically again pay. PMLN should impose taxes on big giants who have plundered this country. If you remember Nawaz Sharif used to chant the slogan to bring back money of the scoundrels but sky witnessed PMLN turning a blind eye from them. failed projects like Nandi Pur and Quaid e Azam Solar park are new white elephants as gifted by PMLN. And don't forget PMLN changing the Auditor General so that nobody could audit their projects. So don't be cry baby to accentuate that economy is down because of lack of taxes.

There are multiple threads on this very forum that talk about the FDI's. I challenge you to post a comparisons of FDI since Zardari's time till now, and even Mushy's time. Show me when you ever had $ 20 billion in your bank account, in the ENTIRE history of Pakistan!! And with so much growth. Then we can talk.

I have given the link of the board of investment which is the authentic most source as to how much foreign direct has been come to pakistan during PMLN regime so far. Care going through it or you just want to ignore. Let me spoon feed you.

Now go through the link and tell me which part you don't understand.

Regarding your assertion about Auto Policy, lets give it some. You will very soon see Ishaq Dar surrendering to Japanese Auto Assemblers.

Again, remember that by presenting full paged ads in daily don't make economy any better. This is just PMLN's media management. Don't fall for it. Ground reality is that country economy is falling into abyss of being a second class debt ridden consumer market rather being an exporting country.

 

[MM_Haider]

another example of Roshan Pakistan.. poor farmers stage a sit in.. kisi ghareeb ko to bakhsh do Noon League valo.. http://dunya.com.pk/index.php/dunya-headline/294435_1#.Vdbqf_mqqko

 

[Musafir117]

and he wonders why no one is replying to his wisdom.

Politics gai bhadd mein, this summer we have Pakistani mangoes even small town here make me think this government doing something in importing exporting what's name of this mango? Chosa?

 

[MM_Haider]

economy boost .. PMLN style..

(source: Mobile Uploads - Pakistanis in Saudi Arabia | Facebook

 

[mr.robot]

I am not a PML-N supporter. But I do support the work being done in Pakistan to help the common citizen, while rich people like yourself, can enjoy a 24 hour generator operation so you can remain "cool" while millions burn in hot weather, heat and no electricity.

What this means, is that if you change roles, and IK was the current PM and was doing all this work, or Zardari, I would be saying the same good stuff about them. I am judging by people's walk, not just talk, talk, accusations, propaganda and more talk!!! So read below, a complete answer by the bullet:



Everyone gets loans, the US got $ 1 Trillion from China during the financial meltdown, just a few years ago, to stabilize her system!!! India and UK have loans too. Who do you think Pakistan is? Saudi Arabia or Dubai with Rich oil reserves generating so many billions that they don't need anyone's assistance?

The beauty about Pakistan's current situation is, that it has attracted a lot of investors. Otherwise, a near bankrupt country in 2012, you think you could build a Lahore, Islamabad Metro bus or anything in the next 30 years???? The answer is a whopping HELL NO!!! The loan money is within reasonable limits and the loans are doing their job, that is building projects to help Pakistan grow her economy and help its poor people in getting a better lifestyle. Loans aren't given to the Gov't of Pakistan in terms of a FULL disbursement. The IMF, based on progress made AND payments needed, issues the next installment. Mushy's corruption opened everyone's eyes and after that, Zardari taught everyone a lesson. So no more loans in full paid to the government of Pakistan. They are disbursed under the supervision of the IMF or the loaning bank or country (similarly, USAID in US's case).



People who have stolen taxes for 70 years and have become multi millionaires and billionaires, are bit*ching about this. Had you or your forefathers not bribed the tax guy when he showed up at your business, and paid your due share, you won't feel a "huge" difference right now. As your tax base would be where it needed to be. But the wild wild East had to end at some point. Party is over. Your country is filed with poor people and talented people. They ALL deserve a chance to have a better life. How do you make it happen, without begging others for $$$???? By PAY your fare share of TAXES!!! I think the Pakistani population should have SOME self respect to see that the taxes are needed so everyone like Arabs and Indians, don't make fun of the nation. A nation where people are super RICH due to tax evasion and corruption, and the actual Government is super POOR!!! Rarely you'll see this elsewhere in the world. Lack of respect for your own country.




There are multiple threads on this very forum that talk about the FDI's. I challenge you to post a comparisons of FDI since Zardari's time till now, and even Mushy's time. Show me when you ever had $ 20 billion in your bank account, in the ENTIRE history of Pakistan!! And with so much growth. Then we can talk.




Auto policy isn't a joke. Your previous governments have NEVER paid attention to this area, and they haven't paid attention to the entire Pakistan for that matter. But the current government is fixing stuff now (stuff that was never fixed for 70 years). And now auto policy, you can't just make dramatic changes to pis* off the Japanese as their profits will get restricted, SPECIALLY at a time when you expect billion worth of investments from them in the next few years. So what changes need to be brought, need to be vetted out.

Every good policy starts with disagreements. If you didn't have disagreements and everyone said YES to the FIRST idea presented. There is something seriously wrong with those people involved as smart, experience and creative people will ALWAYS bring in different ideas. That is the beauty to have smart and strong leadership. You pick the best ideas out of those smart suggestions that would work for Pakistan the most.

Politics gai bhadd mein, this summer we have Pakistani mangoes even small town here make me think this government doing something in importing exporting what's name of this mango? Chosa?View attachment 248945

Expecting PMLN to do something good for farmers is like expecting to have a baby from Almas Bobby. Their government has always been a curse for farmers and current is no different. I sometimes feel happy that farmers got what they deserved by voting for PMLN. These days their representative bodies are protesting on Mall Road Lahore because not only cotton but sugarcane, corn, and rice have taken a major hit in their prices since PMLN has taken over. On other hand the prices of fertilizer, pesticides, seed, and electricity keeps increasing. Rest has been taken care by mother nature. If the farmers aren't doing good and Pakistan's economy seems to be doing good then believe me it has been given a steroid which isn't going to last and we will be back to square one. The steroid in current scenario is more borrowing, low oil prices, and rising foreign remittances. Exports and FDI have either declined or stayed the same compared to previous PPP era.

 

[Viper0011.]

Expecting PMLN to do something good for farmers is like expecting to have a baby from Almas Bobby. Their government has always been a curse for farmers and current is no different. I sometimes feel happy that farmers got what they deserved by voting for PMLN. These days their representative bodies are protesting because not only cotton but sugarcane, corn, and rice have taken a major hit in their prices since PMLN has taken over. On other hand the prices of fertilizer, pesticides, seed, and electricity keeps increasing. Rest has been taken care by mother nature. If the farmers aren't doing good and Pakistan's economy seems to be doing good then believe me it has been given a steroid which isn't going to last and we will be back to square one. The steroid in current scenario is more borrowing, low oil prices, and rising foreign remittances. Exports and FDI have either declined or stayed the same compared to previous PPP era.

So.....all these very smart points of your mean that Pakistan should go bankrupt very soon right? You can say Yes or No to keep it simple.

And why are all global investment homes, the sames one who built India, China, Brazil, etc, etc, ALL outlining higher growth potential in Pakistan than China, India, Russia and Brazil??? What's the reason in your opinion? Because your post with so much great content tells me that Pakistan is about to fall on its face due to SUCH corrupt rulers NS and SS??

Why is the world investing into Pakistan and more are in the line, just waiting for the CPEC road (phase I) to be built and peace in Karachi be restored. And they'll pour their bank balances out......because your personal opinion is a LOT different and opposite than global economy monitoring organizations???

View attachment 248905
Please don't be a surreptitious Noon Leaguei and come out of your closet.. don't be shy..



Your major points are in bold .. here is the answer point by point.

• Everyone gets loans.. all of a sudden you are jumping to compare Pakistan with USA whereas USA is at least 200 years ahead of Pakistan in all terms. China and USA both have stakes in each other. Now if USA removes its manufacturing units from China and shift it to any other country China will no longer be the same from growth aspect. The situation here in Pakistan is that even local investors are shifting their units to other countries. APTMA and local business community is on strike every other day. here are quotes from the recent press conference from APTMA chairman. Pakistan’s textile exports have fallen down from a level of $13bn a couple of years ago despite the GSP-Plus status., “The textile industry had lost its viability, as 35 per cent production capacity is being utilised and investments have become stagnant and exports are falling,” So don't tell me anecdotes of USA and China loans.. tell me what PMLN has done to stabilise its own manufacturing units. The situation of Pakistan's main export is that since PMLN govt the exports have fallen down. instead of taking concrete measures to increase exports, they are focusing on loans loans and loans since this is easy job for this so called experienced team.
• Metro Buses: PMLN has built Metro buses which is 20th century technology and at the cost which is highest in the region. I have seen myself in Dubai and beijing such buses run on the same road as for other traffic with just a dedicated track. There is absolutely no need to build dedicated roads and flyover for a stupid bus. Moreover see what BBC has has to say about the motive behind the buses. i.e., to gain political mileage .. ترقیاتی منصوبوں کی سمت صرف انتخابی مقبولیت ہے - BBC Urdu
• The loan is within limits: Wrong. Absolutely wrong. The loan PMLN is taking is not within limits. The government have added about $15.3 billion to the country’s external debt, violating prudent borrowing limits under the Fiscal Responsibility and Debt Limitation Act (FRDLA) and promised to reduce public debt significantly by 2015-16. This misconception that government is borrowing (God knows where the hell is it being spent, since there is no significant change being seen on the public, rather they are on the streets protesting against uncalled for taxes) is dissected here in the news from the horse's mouth. Govt breaches limit, adds $15.3bn to external debt - Newspaper - DAWN.COM If you say these loans are doing their job, please give one good example as how they are doing their job except the hollow chest thumping banters of Ishaq Dar that foreign reserves are at all time high.
• Poor people getting better life style: It is your ipse dexit or you have some significant proof of this?

My question was that it is imposing taxes on the poor consumers ONLY. It has nothing to do with business. And don;t be judgmental about me or my forefathers filing of taxes. Example of such taxes include, airport tax, air fare tax, tax on remittance (only below 20500 PKR), tax on mobile card recharge, internet tax etc where the poor persons who already get their taxes cut from their salaries automatically again pay. PMLN should impose taxes on big giants who have plundered this country. If you remember Nawaz Sharif used to chant the slogan to bring back money of the scoundrels but sky witnessed PMLN turning a blind eye from them. failed projects like Nandi Pur and Quaid e Azam Solar park are new white elephants as gifted by PMLN. And don't forget PMLN changing the Auditor General so that nobody could audit their projects. So don't be cry baby to accentuate that economy is down because of lack of taxes.


I have given the link of the board of investment which is the authentic most source as to how much foreign direct has been come to pakistan during PMLN regime so far. Care going through it or you just want to ignore. Let me spoon feed you.

View attachment 248932
Now go through the link and tell me which part you don't understand.

Regarding your assertion about Auto Policy, lets give it some. You will very soon see Ishaq Dar surrendering to Japanese Auto Assemblers.

Again, remember that by presenting full paged ads in daily don't make economy any better. This is just PMLN's media management. Don't fall for it. Ground reality is that country economy is falling into abyss of being a second class debt ridden consumer market rather being an exporting country.

People are clicking LIKE on your post as if you've actually made some REAL factual points. Wasting time in writing articles that are based on False details and Personal opinions derived from IK's stupid lectures isn't productive nor it shows me that you have ANY command over the serious issues you are talking about.

Let's try to dumb it down and keep it simple. Just answer my question and we should be able to conclude this:

1) Based on the shiit hole right in front of Pakistan's economy as you've outlined many times, corruption, lying, mismanagement of fund, State Bank to IMF to NS, SS, ID, everyone lying about the country's growth, meaning there is none. So the country should be going bankrupt soon as ALL these projects are lies and waste of billion of dollars.

When do you expect Pakistan to go bankrupt after such serious waste of borrowed money?????

2) Why is the global investment monitoring organizations ALL listing Pakistan one of the fastest and most investor friendly countries (if peace can be achieved)? And have rated Pakistan good for investment and higher return than even India, China and Brazil????

This is VERY opposite compared to what you are saying, these guys shouldn't be telling ANYONE to go spend a dollar in Pakistan as Pakistan's economic system may be shut down and bankrupt like you suggest per SO MUCH borrowed money being abused?

So why the IMF, the WB, Bloomberg, Morgan Stanley, Lehaman Brothers and the likes telling their investors to invest in Pakistan? These are the same institutes who've helped grow the US, India, Brazil, China, etc, etc......so why your "personal" opinion so opposite from the ACTUAL investment homes who do trillions of investment every year?????

 

[mr.robot]

So.....all these very smart points of your mean that Pakistan should go bankrupt very soon right? You can say Yes or No to keep it simple.

And why are all global investment homes, the sames one who built India, China, Brazil, etc, etc, ALL outlining higher growth potential in Pakistan than China, India, Russia and Brazil??? What's the reason in your opinion? Because your post with so much great content tells me that Pakistan is about to fall on its face due to SUCH corrupt rulers NS and SS??

Why is the world investing into Pakistan and more are in the line, just waiting for the CPEC road (phase I) to be built and peace in Karachi be restored. And they'll pour their bank balances out......because your personal opinion is a LOT different and opposite than global economy monitoring organizations???

As usual all your blah blah. Who said it is going to bankrupt?

Now comes your claim about FDI increasing. Quote me a single document which show FDI by these countries increasing. You won't ab able to because you are used to copy paste some paragraphs and make tall claims. Here is Pakistan's Board of Investments data. FDI went down in last year from almost 1700 Million $ to almost 800 Millions $
Welcome to the Board of Investment

Here are Pakistan's exports during PMLN's two years
Pakistan Exports | 1957-2015 | Data | Chart | Calendar | Forecast | News

How come an economy is going well with these two indicators not doing good? I am from rural area and knows what a farmer has been going through. All these inflated/manipulated macro economic indicators went to maximum when Mush was in power. See what happened after he left? The trickle down didn't happen instead we went back to square one.

 

[Kambojaric]

With regards to a fall in exports this is a global trend, not a Pakistan specific issue. Read for example the article on India's exports below:

New Delhi: Fall in global demand, dip in oil prices and appreciation of rupee against euro are some of the main reasons for decline in India's exports, Parliament was informed today.

Contracting for the seventh month in a row, India's exports dipped by 15.82 per cent in June to $22.28 billion.

"EU countries that account for nearly 16 per cent of India's exports are facing problems of stagnation and deflation. The appreciation of the rupee against the euro has adversely impacted India's exports to EU countries," she said.

Fall in Global Demand, Dip in Oil Prices Impacting Exports: Nirmala Sitharaman - NDTVProfit.com

Overall the economic performance of the current government has been decent. Not good by any standards but not the disaster it was under PPP either. This is coming from an individual who is a PTI sympathiser. Also I fail to see how any other political party would govern any better than the current government as far as the economy is concerned. There have been no miracles in KPK under PTI (K-P seen as least business-friendly, charges 24 taxes - The Express Tribune PPP is a well known disaster. Who else is left?

 

[mr.robot]

With regards to a fall in exports this is a global trend, not a Pakistan specific issue. Read for example the article on India's exports below:



Fall in Global Demand, Dip in Oil Prices Impacting Exports: Nirmala Sitharaman - NDTVProfit.com

Overall the economic performance of the current government has been decent. Not good by any standards but not the disaster it was under PPP either. This is coming from an individual who is a PTI sympathiser. Also I fail to see how any other political party would govern any better than the current government as far as the economy is concerned. There have been no miracles in KPK under PTI (K-P seen as least business-friendly, charges 24 taxes - The Express Tribune PPP is a well known disaster. Who else is left?

It is all a perception difference and general hatred towards PPP/Zardari. See that is where I differ from urban people. They have no idea what is the condition in rural areas which by and large generates more than 50% of economy. Give this COAS, Media, Judiciary and fuel price minus the floods like 2010 and turmoil after Musharraf/BB to PPP, I bet that they will outperform PMLN on auto. No magic here by PMLN. The trajectory of GDP and exports going up can been seen from last two years of PPP.