here is the simple truth ... when nawaz came in to power shortages were almost 7000MW and still its the same ... on the other hand due to oil prices abnormal reduction no benefits have been passed to ordinary public yet ..
why still our GDP growth is slower ? answer is just like a human body need energy to function properly same way countries also required energy to boost their economy at a reasonable cost.
Are you sure you know what you are talking about? I don't think so, allow me to butcher your biased views with facts
1) Electric Needs: The electric needs when NS came in, were already depressed and were further declining. People had moved to generators in their homes, and commercial industry was shut down. A HUGE number of businesses had moved to places like Malaysia, Bangladesh, China and some even to India (multi national ones specially). So what this means, is that if you had a shortfall of 7000 MW, if all the above were still in working condition, the real short fall would've been
doubled that number (if we pretend that the power issue started from the day NS took the office and before him, the country was running on full economic throughout with all businesses working).
2) I've actually met and advised a few CEO's of large textile industries in Pakistan, who were literally losing dozens of millions per week (in dollars) and were loosing hundreds of millions in contract from the West in dollars). So you can't take the number of a three times inversely correlated depressed electric and industry throughput and come up with 7000 MW. That's wrong.
3) Population Increase: Pakistan has the second highest birth rate as of 2014 (per World Bank reports I read back then when I was reviewing the strategy till 2018, which was presented to the IMF and WB). So, let's say, in the past 4 3+ years, you had an increase of 15-20 million children, similarly, probably another few million people became legally adults (turning 17 or 18, whichever one is the "legal age in Pakistan"), and then many millions, similarly joined the workforce and started to make some $$$$ or doing business. So millions of new households were born in the past three years, further INCREASING the electric needs. So the already depressed shortfall that I outlined in number 1, would not be increased. So as of today, the shortfall may be around 15000-18000 MW. With many projects and extensions already starting to bear fruit, this shortfall has been reduced to 7000 MW. Plus the furnace oil industry has ALSO been pumping at full capacity.
4) Remember, the first thing NS did, was to bring back many businesses on their own guarantees so that some of the money and jobs would come back to Pakistan. Then, they also looked into how to generate quick electricity. So the fact as of now, is that the businesses are NOT shut down. There is proper electricity being provided to the industry in Punjab (that was totally cut by Zardari, a SAD reality of Pakistani politics where leaders are allowed to derail the system and destroy the economy, the current sit-ins and all that drama, is the same thing, destroy the progress and the economy or steal the government).
But, all this effort above, has started to pay off. Pakistan's macro and micro economic indicators have gotten much stable and better in the past three years. The IMF is on their own, are saying god bye to Pakistan as the government of Pakistan doesn't want to take dictation anymore and they have enough savings that they aren't in default or anything, like they were when they came into power. For the FIRST time in Pakistan's history, you have over $ 21 billion in saving reserves. Why couldn't someone do all this in the past 70 years?
There are a LOT of talkers.......not one entity that can say "we did all this" besides the current government!!
5) Your GDP is growing at a steady pace now. It is going to go higher up in starting 2018, as the projects come online, new jobs are created and the entire economic cycle gets an uplift with electricity available 24*7.
Its VERY easy to criticize without having a clue about the real complexities. Its MUCH harder for anyone to actually DO what these guys did in less than 3-4 years. I don't care on Pakistani politics and all that bullshiit drama, but where impressive progress is made that helps an ENTIRE nation of 220 million people (who've lived in darkness for the past 70 years), the credit should be given. Many investments are also coming to Pakistan. Every Western company has asked for NO power outages and the fact that this system will remain in tact, till its normal course. So they know the billions they are ready to pour in, will be honored by the next government as long as the government changes legally and on time. Anything else will create a vacuum and the Chinese and the West specifically will run away. The Iranians on the back-end have given Chinese plenty of easy benefits to join the Chahabar route from Afghanistan per India's desire and India has told the Chinese to do better in trade if they can listen to Iran, all to cut Pakistan off. So whoever thinks the Chinese are in because of "their interest" is smoking or drinking stuff that they shouldn't be. This is ALL a work of a government who's convinced the Chinese towards cooperation and investments.
Chinese are your friends, but they've been your friends for the past 5 decades......where was the $ 50 billion worth of investment before in anyone else's time? Its simply a matter of who they want to do business with. Same goes for Turks, Russians, Eastern Europe, the EU (GSP Plus), etc, etc.
There is plenty of manufacturing business (electronics, semi conductor, etc), coming to Pakistan and verbal agreements and studies have already been completed.
