The funniest Darism till date - To beg IMF on my own terms

[batmannow]

One more thing, our debt has, to a fair extent, already become unsustainable. Just a quick maths will show you how desperately we need growth.
Pakistan's current stock of debt is~ PKR 13000 Billion
Pakistan's current Real GDP stock is~ PKR 20000 Billion
Pakistan's current Debt to GDP is (13000/20000)= ~65%
Now the current budget deficit is estimated at 1600 Billion (out of with 1120 Billion is just the interest on outstanding debt)
Pakistan's debt stock next year is expected too be 14600 (13000+1600)
Now for maintaining our debt to GDP we need a real GDP growth of ~12% (Real GDP stock ~22462 Billion PKR)
Even if the Pakistan economy grows at 4.7% (budgetary estimates) our Real GDP stock is expected to end at 20920 Billion PKR
which roughly translates into 69% of Debt to GDP ratio. So in Just one year our debt to GDP will jump by 4%. This is the same situation which is prevailing in Europe (PIGS countries). Technically we call it debt-recession spiral where swelling debt drags economy into recession and with every cycle, the debt becomes more unsustainable while GDP stagnates.



What happened to the model followed by Musharraf in 2007 on wards is also a chapter in economic history of Pakistan. If you want me to discuss it in details I would be glad to do so.


It is because we need FX inflows to counter IMF. And most of the expatriates are only interested in Pakistani politics. The most of the phone calls in talk shows are from expatriates.They yell, they cry but when it comes to helping Pakistan, they have their own preferences!

try me! plz
open up a seprte thread i will let you know the history of dam grand mansions in london,& shoe shinners of genrl jilani from lahore?

 

[Awesome]

Yes, of course -- but on the other hand below is from a S. J Burki piece:

Implicit in the revealed strategy is a two-track approach. The government will first save the economy and then the task of reviving the economy will be undertaken.

Almost everybody will say this, but this is what happens in reality:

1. Save the economy by taking out a loan
2. Oops can't revive the economy because now we have to pay that previous loan, so take another loan
3. Oops we got to take another loan to pay the previous one...

When I had just started working and got credit cards, I accumulated some debt, just by keeping my lifestyle going as usual, money management wasn't my top priority. It wasn't until I decided to make a few sacrifices for a few months till I zeroed it out.

Any strategy that does not ensure net loan amount taken to decrease every year is simply not strategy.

Bottom line is this:

Itne hum kabil log hain nahi ke hum loan lein, usko invest karein and itni ROI ho ke yeh loan and pichla loan pay off hojaye.

 

[Pakistanisage]

Dar used to eat langer at data darbar when he got yateem in his college days, had he got some honour back then he would have worked somewhere and earned his money to buy food...

p.s.

and now Dar will dictate IMF, mama they are here to approve your budget plan, aukat cha aa yateema !

Come on man, You representing PTI. Show some class, please. I don't think our leader Imran Khan will be too pleased to see this low class attack. If Ishaq Dar was truly an orphan and he reached this status then he is worthy of respect that he beat all odds.

 

[Albatross]

According to the reports by the International Monetary Fund (IMF), Pakistan was the third fastest growing economy after China and India during that era.

In 2002, the Karachi Stock Exchange (KSE) was declared the “Best Performing Stock Market of the World for the year 2002”.

Our industrial sector registered 26.5% growth on average. Manufacturing and construction sectors recorded a 30 year and 17 year high, respectively. The highest increase in tax collection of around Rs1trillion was injected in government revenues.

Amazingly, Pakistan railway was making profits. Other indicators include a drastic decrease in poverty. CNG fuel, information technology and especially the telecommunication sectors registered massive growths, and the dollar was just at Rs60.

Musharraf even played a significant role in transforming the infrastructure of this country. Four dams (Subakzai, Gomalzam, Khurram and Tangi) were constructed during his period.

He initiated the plans to work on seven motorways in different areas of Pakistan; some were completed during his period and others remained under construction. Advanced Gawadar port, Kachi Canal Project, Lyari Expressway and a 650km long coastal highway are also among the many achievements of Musharraf’s period.

Pervez Musharraf can also be hailed as the liberator of the media; being a dictator, he was the only one who seemed confident enough of himself and his countrymen to have given Pakistani’s the freedom of speech as well. He took major steps to empower the Pakistani women in our local and national assemblies and his aggressive education policy contributed to major positive riffles in Pakistan’s education system; our literacy rate improved by 11% during his period.

Nine well equipped engineering universities and 18 public universities, all over Pakistan irrespective of ethnic orientations, were made during his time. Several technical colleges and institutions also spurted during his reign.

Pakistan’s launched its first satellite, Paksat-1, in his time – Musharraf made it happen. His remarkable words cannot be forgotten:

“Pakistan’s space programme is now ahead of India after the formal launching of Paksat-1 and this is due to the hard work of our scientists, and I am sure Indians would take another 30 months to do the job.”

It was during his time that after years, the issue of Jammu and Kashmir was on the front table for talks.Pervez Musharraf deserves a second chance, our economy needs him! – The Express Tribune Blog

for your eyes only?
now think about financial crisses pak govt fighting now & the grand palaces & mansions of nawaz in london?
do i need to disscuss more?
anyway whats more can be expected by PMln a few more mansions in paris? maybe?

Well mate what was musharrafs wisdom or ability had to do with all that ? It all happened due to dollars inflow owing to Pakistans complete surrender to US demands of supports in afghanistan . Had there been a civilian govt the same would have happened even with much better results ..But did you fail to notice the billions we lost in the last decade by stepping in that US war without realizing the consequences or taking proper measures to offset likely repercussions .

 

[batmannow]

Come on man, You representing PTI. Show some class, please. I don't think our leader Imran Khan will be too pleased to see this low class attack. If Ishaq Dar was truly an orphan and he reached this status then he is worthy of respect that he beat all odds.

if dar shb not hve became a close relative of mr sharif would he be serving the nation as a fedrl finance minster?
period!

 

[batmannow]

Well mate what was musharrafs wisdom or ability had to do with all that ? It all happened due to dollars inflow owing to Pakistans complete surrender to US demands of supports in afghanistan . Had there been a civilian govt the same would have happened even with much better results ..But did you fail to notice the billions we lost in the last decade by stepping in that US war without realizing the consequences or taking proper measures to offset likely repercussions .

if not was his wisdom to build the required trust among dollor giving nation, he wouldnt had got a single penny?
if not tell NS or anyone of these damo-crats to push back pakistan at least at the same level, from which musharaf was gone?
no they never will, cause it all takes pakistan frist?
not london manssions & hudaybia milles frist?
its not about opportunities, its all about not to be croupt & fair with pakistan!

 

[Bobby]

How can you beg on your term

 

[Jango]

One more thing, our debt has, to a fair extent, already become unsustainable. Just a quick maths will show you how desperately we need growth.
Pakistan's current stock of debt is~ PKR 13000 Billion
Pakistan's current Real GDP stock is~ PKR 20000 Billion
Pakistan's current Debt to GDP is (13000/20000)= ~65%
Now the current budget deficit is estimated at 1600 Billion (out of with 1120 Billion is just the interest on outstanding debt)
Pakistan's debt stock next year is expected too be 14600 (13000+1600)
Now for maintaining our debt to GDP we need a real GDP growth of ~12% (Real GDP stock ~22462 Billion PKR)
Even if the Pakistan economy grows at 4.7% (budgetary estimates) our Real GDP stock is expected to end at 20920 Billion PKR
which roughly translates into 69% of Debt to GDP ratio. So in Just one year our debt to GDP will jump by 4%. This is the same situation which is prevailing in Europe (PIGS countries). Technically we call it debt-recession spiral where swelling debt drags economy into recession and with every cycle, the debt becomes more unsustainable while GDP stagnates.

So what's the solution?

 

[batmannow]

How can you beg on your term

as long as americans are sitting in bunkers in afghanistan , we can!

So what's the solution?

borrow more loans, & buy new manssions in london for giving them on rent?
best financial policy on earth?

 

[Albatross]

if not was his wisdom to build the required trust among dollor giving nation, he wouldnt had got a single penny?
if not tell NS or anyone of these damo-crats to push back pakistan at least at the same level, from which musharaf was gone?
no they never will, cause it all takes pakistan frist?
not london manssions & hudaybia milles frist?

Well I dont wanna derail this thread but all these suicide attacks and chaos begins in his tenure around 2005 where was his wisdom then ? why he couldnt contain things ?

I am not saying NZ is better but i feel democracy can evolve over time allowing people to purge likes of zardari and NZ over time. And I did gave a few examples of very poor decisions taken by generals over decades while on the other ZAB was a civilian who kick started nuke program and was courageous enough to tore apart kissingers letter in general assembly of UN .

 

[SBD-3]

So what's the solution?

GDP growth out weighing debt growth.

 

[batmannow]

Well I dont wanna derail this thread but all these suicide attacks and chaos begins in his tenure around 2005 where was his wisdom then ? why he couldnt contain things ?

I am not saying NZ is better but i feel democracy can evolve over time allowing people to purge likes of zardari and NZ over time. And I did gave a few examples of very poor decisions taken by generals over decades while on the other ZAB was a civilian who kick started nuke program and was courageous enough to tore apart kissingers letter in general assembly of UN .

what was a kilo of atta at his times?
what was in past 5 years ?
& what is just now the begainig of this new govt?
you ill know how much damocrazy has evolved itself?
its not about musharaf bt its about an institution which is & was far more uncroupt & sufficiant in managing pakistan financialy?
other of your concerns can only be disscussed on some other thread?
the only differnce i can find is, for me ZAB was a child who used to call FMrsl ayaub khan his daddy?

 

[Jango]

GDP growth out weighing debt growth.

In other words, we are still screwed for the next 3-4 years until our growth picks up.

 

[batmannow]

GDP growth out weighing debt growth.

& how to increase GDP growth?
its really sad that great economist like you not been selected as our finance minster , instead of Mr Dar?

 

[rubyjackass]

Pakistan’s launched its first satellite, Paksat-1, in his time – Musharraf made it happen. His remarkable words cannot be forgotten:

“Pakistan’s space programme is now ahead of India after the formal launching of Paksat-1 and this is due to the hard work of our scientists, and I am sure Indians would take another 30 months to do the job.”

Sorry. But I couldn't help noticing this.