American Pakistani
ELITE MEMBER
- Joined
- May 30, 2010
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How do we come out of it when all local products are crap? Every local product is crap and all control mechanisms are designed to promote corruption rather than to control quality of products.
Besides, we do not produce most of the electronics, computers, LEDs, Vehicles etc.,.....this is another problem; something we neglected in the past 50 years and are still neglecting. Our Industrialists and Businessmen are so dumb, they are still living in the 50's and our real estate is the only attraction to big investors. We have problems and we are unable to solve them.
Nowhere in the world does any industry grows if government doesn't brings reforms, new policies, creates an environment and provides incentives. This is just your another coping tactic just because PTI government is performing terribly and you want to put the blame on Pakistani citizens.
This depreciation of dollar is thanks to your current foreign minister who had a bad ego trip and got gdp growth rate 4%+ which isn't sustainable in Pakistan and automatically leads to CAD widening up massively and then leading towards rupee depreciation. He can't understand a simple thing that Pakistan has to keep GDP growth rate at 2-3% until exports rise up significantly and structural reforms are brought.
However, it feels like IK and his new FM tried to score easy political points by showing high gdp growth rate but it backfired.
I understand your concerns. But until how long will we let any govt to play with our future. Secondly our products maybe crap at first but slowly and gradually it will improve. Time and experience brings perfection.