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World Bank revises Pakistan's growth rate upward

Nope. All credits goes to Kajriwal 2.0 aka Imran Khan.
and his Dharna, which eventually kill our growth and people fear to invest due to political unsuitability created by IK for more then 3 and half year and still same tooth paste he is selling with new improved formula
 
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Frankly speaking we Pakistanis are confused nation. I am not supporting any political party but it is a fact that due to our affiliations we like to be blind and ignore the facts. For example when the government tookover in 2013 these were some of the major headlines

1) Pakistan is a failed state and will be defaulted in 3 months

2) The talibans will takeover nuclear assets and have reached within 100 miles of capital (Islamabad)

3) Target killing in Karachi rose to kill about 2700 people in 2013.

4) Bhatta (extortion ) mafia in Karachi

5) Gdp growth rate of less than 3% (the worst in South Asia and one of the lowest in the world)

6) Forex reserves dropped to around 8 billion dollars, not even enough to pay off 3 months of salary

7) Mega scandals in every government project such as rental power plants, energy projects and anything you can name it

8) Electricity load shedding of 18 hours a day

And look where we are standing today. No more talks of surrendering to terrorists, no more talks of failed state, economy growing to one of the fastest in the region and terrorism reduced by over 70%. But we Pakistanis will give credit to all the positives to anything but government and all the negatives to the government.

There has not been any major scandals appearing like the last goverment which itself is a maassive achievement (though they r corrupt but have apparently been working as well)

Massive improvement agree but lot of election promises that Pmln is failing on like

1) not improving the efficiency of already installed power plants
2) Converting existing IPPs to coals (which Ahsan Iqbal used to say will only take 6 months)
3) LPG/LNG imports which have progressed far too slowly
4) Not investing much in clean energy

Now these are few things that were fairly achievable but as things stand when Pmln govt will complete its tenure no real work would have been done on these
 
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Great for pakistan!!! Hopefully they could continue the upward trend.
 
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He is corupt that is the problem here. I doubt any country can have a sustainable growth rate unless corupt elements are dealt with at the bud. A weak foundation will collapse our economy once again as it collapsed in 2008. Secondly Nawaz Sharief is taking a big gamble by taking loans and investing in project as if those project dont pan out in long run he will fall right back on his arse.

Coruption has to go one way or the other for Pakistan to progress.

Corruption has two main lenses, economy and society. The moral legitimacy of the governing body is put into question when corruption rises. On the economic side corruption is often viewed in the "rent seeking" perspective (zero-sum).

In the economic view corruption is traditionally seen as a downward pressure on the economy since corrupt members of society take away resources that would be circulated in the system for benefit of society. On a pure rational (non-moral) perspective corruption is basically an informal/illegal bonus like that in the private sector. In the private sector there is nothing wrong with asking for a bonus once you have justified to your boss the value you have created for them and the organization. The bonus acts as an incentive for more good work to create more utility for your organization. The same can be said about government institutions. But once you ask for a bonus greater than the value you created in your organization that's when problems come, your boss would see you as being unreasonably greedy. It is vital that we separate rent seeking corruption and value creating corruption. Corruption is unavoidable in government projects (even in developed nations), but as long the work gets done and there is a net benefit to society I personally wont mind if some corrupt officials gets a bonus for their work. If managed it can act as an variable incentive(unlike a fixed salary) for creating value for society, the more value they create for society(metrics should be determined) the more larger the bonus. Its just like how its unreasonable to assume a CEO in the private sector would be paid the same as a mid-level manager and without bonuses, you wont be able to get really competitive talent in your organization. I think either government officials should start getting bonuses(only if they meet targets) or manage corruption (but don't stop it fully). Government officials are not all purely moral beings, they have human desires. Just like how we don't expect a wall street executive to work out of the goodness of their heart, the organization flourishes out of their selfishness since there is clearly defined or implied causal relationships.

One can argue the moral implications of corruption all day but the reality is that these officials can make the functions of corruption legal through legal loop holes. Its hard holding them accountable. Maybe we should be asking if it is reasonable to be so focused on corruption and not on the actual cost benefit. We should rethink corruption and look at its core characteristics. Ultimately I do think the government should act as a moral compass for society but be cautious when approaching the question.
 
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In an Ideal world yes...however do we live in an ideal world? Corruption is not some benign tumor that you can simply operate and throw away. Is India not a corrupt country? Is China not a corrupt country? What about US?? So reducing corruption is a long battle and it is always a work in progress... Regarding long term project - then i am sorry this is standard practice. You take loans and invest in areas that will bring in revenue in long term...Some will be exceptional..some average and some will turn out to be outright disaster....As long as fiscal deficit is managed things wont go south in an abrupt way....

I really do hope things turn out to be better but believe me if it wasnt for Imran khan this government would have done squat. At least there is competition now so let hope for the best and prepare for worst.

Corruption has two main lenses, economy and society. The moral legitimacy of the governing body is put into question when corruption rises. On the economic side corruption is often viewed in the "rent seeking" perspective (zero-sum).

In the economic view corruption is traditionally seen as a downward pressure on the economy since corrupt members of society take away resources that would be circulated in the system for benefit of society. On a pure rational (non-moral) perspective corruption is basically an informal/illegal bonus like that in the private sector. In the private sector there is nothing wrong with asking for a bonus once you have justified to your boss the value you have created for them and the organization. The bonus acts as an incentive for more good work to create more utility for your organization. The same can be said about government institutions. But once you ask for a bonus greater than the value you created in your organization that's when problems come, your boss would see you as being unreasonably greedy. It is vital that we separate rent seeking corruption and value creating corruption. Corruption is unavoidable in government projects (even in developed nations), but as long the work gets done and there is a net benefit to society I personally wont mind if some corrupt officials gets a bonus for their work. If managed it can act as an variable incentive(unlike a fixed salary) for creating value for society, the more value they create for society(metrics should be determined) the more larger the bonus. Its just like how its unreasonable to assume a CEO in the private sector would be paid the same as a mid-level manager and without bonuses, you wont be able to get really competitive talent in your organization. I think either government officials should start getting bonuses(only if they meet targets) or manage corruption (but don't stop it fully). Government officials are not all purely moral beings, they have human desires. Just like how we don't expect a wall street executive to work out of the goodness of their heart, the organization flourishes out of their selfishness since there is clearly defined or implied causal relationships.

One can argue the moral implications of corruption all day but the reality is that these officials can make the functions of corruption legal through legal loop holes. Its hard holding them accountable. Maybe we should be asking if it is reasonable to be so focused on corruption and not on the actual cost benefit. We should rethink corruption and look at its core characteristics. Ultimately I do think the government should act as a moral compass for society but be cautious when approaching the question.


I dont mind few corupt individuals skimming profits but it makes ones blood boil when both swiss and pakistani governments admit that there is over a hundred billion dollars worth of tax payer dollar in swiss accounts when your own country is begging for loans. If you look in a broader prospective swiss accounts are tip of the ice berg and money being kept in other safe heavens like panama and british virgin islands is mammoth. I doubt chinese government would have sat still if they found out over 100 billion dollars of illegal and launderd money is sitting in swiss accounts. There has to be some control and check otherwise there is only caos.
 
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Personally I think that the next term of government should be given to PTI although I don't like them but I believe that they would crave a new system for the future leaders to come and those leader would change the whole dynamics of Pakistan because with the current system I doubt and huge change will come
 
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Now that's a good news...not sure why pakistani friends are so negative about NS...at the end of the day if economy is improving under him than he should get the credit for it...the way he gets flak for wrongdoings....no??
Pakistanis are not against him , he is the third time PM, he is most likely to win the 2018 elect too , thats why opposition parties want to get him out of race via courts. They think they cant compete him in the elections. Secondly anti Nawaz sentiment is present in the elite and some pockets of urban centres . It is the right of every one to hold any opinion but PM is the most popular leader any way.
 
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Personally I think that the next term of government should be given to PTI although I don't like them but I believe that they would crave a new system for the future leaders to come and those leader would change the whole dynamics of Pakistan because with the current system I doubt and huge change will come

I have been critical of Imran Khan. But I agree with you: I'd be happy if PTI wins the next elections to form a stable govt. It will do wonders for Pakistan's growth.

But under no circumstances I'd support toppling of current govt using street agitations.

Bottom line: Pakistan should continue to have smooth transfers of power on permanent basis. That's the key to Pakistan's growth, as it has been the key to India's growth.
 
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Pakistanis are not against him , he is the third time PM, he is most likely to win the 2018 elect too , thats why opposition parties want to get him out of race via courts. They think they cant compete him in the elections. Secondly anti Nawaz sentiment is present in the elite and some pockets of urban centres . It is the right of every one to hold any opinion but PM is the most popular leader any way.
Well PDF is not a place to make an opinion however if i have to take that into account than after Modi he is definitely the most cursed person here....
 
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