:::: MENU ::::
Posts tagged with: Economy
Jan 24, 2015    |      Comments Off on PML-N’s Weak and Frivolous Economic Managers = Pakistan’s Economic Woes

PML-N’s Weak and Frivolous Economic Managers = Pakistan’s Economic Woes

An article by Dr Ashfqaue Khan (Principal and Dean NUST School of Social Sciences and Humanities) published in Business Recorder – “Pakistan is currently facing one of the worst economic challenges of its history. Almost eight years of continued economic misgovernance have severely damaged the economy beyond recognition. Weak and frivolous economic managers, ministers and Apna Admi culture (cronyism)” have not only damaged the economy but also destroyed key economic institutions/ministries” – LINK

Feb 5, 2013    |      1 comment

The Real Cost of NOT paying Taxes

THE REAL COST OF NOT PAYING TAXES by Sayem Ali published in the NEWS on Sunday

According to the Pakistan Economic Survey FY12, the total population was 180.7 million and crude birth rate was 2.72. Calculating for infant mortality rate of 69 per 1,000 births shows us that in Pakistan today, 932 children die every 24 hours due to malnutrition and a lack of basic health services


Continue Reading

Jan 4, 2013    |      Comments Off on PML-N’s financial wizardry – Sayem Ali

PML-N’s financial wizardry – Sayem Ali

PML-N's WizardrySayem Ali digs into PML-N’s chest thumping rant “most experienced economics team” Sayem has obliged us with a good a holistic factual comparison of the economic performance of PML in the two stints they have been in power – to show that it is dismal even racked against the economic tenures of Zia, Musharraf, BB’s two tenures

“The SBP Handbook of Statistics 2010 shows that the Nawaz Sharif government’s economic performance was the worst amongst all civilian or military government in Pakistan’s.

Average growth during Nawaz Sharifs two stints in power was only 4.1%, which is significantly lower than Ziaul Haq (5.9%), Musharraf (5.1%) and even lower than Benazir Bhutto’s two stints in power (5%)

PMLN performance was not only bad but it also deteriorated during Nawaz Sharifs second stint in power during February 1997 to October 1999. The economy expanded at only 3.1 percent during this time, which is the lowest pace of growth for any government on record.

To give you perspective it is exactly as bad as the performance of the current PPP led government, with average growth of 3.1 percent between FY09 to FY13. So while the PML-N rightly criticises the dismal performance of President Zardari’s five years in power, it compares its own equally woeful performance with the Asian Tigers?

.. With by far the worst performance of any civilian or military government, the ‘experience’ of the PML-N’s financial wizards is exactly the reason why Nawaz Sharif should replace them immediately”

LINK: PML-N’s financial wizardry – Sayem Z Ali
– shared on Facebook by Awab Alvi

Nov 5, 2012    |       7 comments

Nawaz Sharif’s 10% Disaster Economics

Nawaz Sharif is so clueless about solving the economic situation in Pakistan that during an exclusive interview with Hamid Mir a few weeks back he proposes PML’s economic plan to hinge on a flat 10% tax rate.  It may honestly look tempting but the gravity of the statement further exposes how clueless PML-N is about solving Pakistans problems and is focused only on a marketing strategy to fool the people (and appease the rich) into believing that their experience in power will salvage this country.

So dastardly clueless is this plan that probably little does he know that next year we need $12 billion to survive in the following 12 months – $5 billion to finance the current account deficit and $7 billion to repay out debts (principal and interest), the following year it doubles to $24 Billion.  Giving tax breaks to the rich is again shooting Pakistan in the foot, PPP has looted this country to bankruptcy under the garb of corruption – Nawaz Sharif plans to help the rich siphon off money, while the poor can continue their curse of poverty

Continue Reading

Sep 30, 2012    |       8 comments

Nawaz Sharif’s Clueless Economic Plan for Pakistan

So utterly clueless is PML’s Economic plan, that it must be embarrassingly exposed. Nawaz Sharif in his interview to Hamid Mir said that he wants to REDUCE TAXES for the existing Tax payers in Pakistan from 35% to a minimum of 10%, with the “hope that it would inspire people” to pay more taxes,

Ironic is such a suggestion specially coming from an experienced politician like Nawaz Sharif whose party has effectively ruled Pakistan for approximately 18 years, is that, it positively shows that he has no clue what he might actually be suggesting, to suggest a reduction of taxes from an elite class of society that already eludes taxes means that the rich continue to get richer and the poor driven further into poverty

His vision would produce a country which would be a very harsh place to live for the poor and the middle classes which are easily around 90% of the country. It will also not work for those who are well off because with the social fabric frayed like it is, the ability of islands of prosperity to survive in a sea of desperation is very low indeed.

Its not just a casual remark about low tax rates, it is a totally different view of the world that leads to a country with a massive fiscal deficit, to easily say good bye to any hopes for rebuilding this nation

So clueless is Nawaz Sharif, that even after his party has intermittently ruled Pakistan for about 18 years, since 1981 when Nawaz Sharif first became the Finance Minister in Zia-ul-Haq era, he has still no idea of how to solve this economic crisis in Pakistan. This is just one example as to how ill prepared PML-N is even to this day.

Its truly your choice to distinguish what is good for Pakistan and what may actually be damaging if people select to vote for a clueless bunch of failed politicians from Raiwind ruin all over again, alternatively Pakistan Tehreek-e-Insaf, to its credit, has presented FOUR visionary policies [Governance, Energy, Economy & Health] which shows the vision and a definite PLAN FOR A BETTER PAKISTAN.

Jan 20, 2010    |       74 comments

Mumtaz Bhutto’s Interview with Express News Kamran Shahid

Mumtaz Bhutto leader of SNF talks to Express News host Kamran Shahid on 17th January 2010. I believe this to be a very interesting interview worth sharing on this blog, Mumtaz Bhutto generally an old-cadre PPP supporter shares his political views and is seen to be genuinely begruntled at seeing the PPP and the Bhutto name hijacked by Asif Zardari etc. He talks about BB’s fake will, sheds light on Beanzir Bhutto’s murder, the murder of Murtaza Bhutto and many other issues.

UPDATE: I had to remove the video stream as the file seemed to be infected by a trojan

Dec 17, 2009    |       49 comments

NRO declared Null and Void – What Now?

Asif Ali Zardari in PresidencyAfter a lapse of over two years, today a full bench of the Supreme Court of Pakistan came through with a historic judgment declaring the 2007 National Reconciliatory Ordinance null and void. It must be recalled that the NRO was the mastermind of the then President of Pakistan General Pervaiz Musharraf who in October 2007 orchestrated this pact with the exiled PPP leader Benazir Bhutto in an attempt to negotiate his own extended stay on the Presidential seat of power and in this process pardoned most of the corrupt criminals whom he himself detested so vehemently in his autobiography a few months earlier all in the name of political compromise. Since then history stands witness to have watched the assassination of Benazir Bhutto and the people of Pakistan stood embarrassingly dumbfounded as one of the most corrupt politician Mr. Asif Ali Zardari snuck through the back doors of diplomacy to land into the Presidency of Pakistan.

Today the year-old restored judiciary stood strong to declare the NRO null and void, a short order issued outlined some important aspect of this new judgment but the exact specification and its affect on the Presidency remains to be ironed out. But it might be in the interest of Pakistan to not embarrass and ridicule Asif Ali Zardari and the Presidency any further and it might serve us all well to settle for a negotiated compromise, possibly having him to hand over most of the illegally amassed wealth back into the national treasury in lieu of his respect and freedom

Continue Reading

Oct 21, 2009    |       21 comments

The Right to Refuse

obama-zardari-300x259Begging, as a profession could well compete with many others considered oldest on the list, with very similar characteristics. The first clink of coins falling in the begging bowl takes away one’s self esteem and any left over reluctance for all times to come. From here on, there is no looking back. One ceases to utilise one’s own faculties and gets hooked on to the life of easy money. More creative and unscrupulous begging techniques are devised to draw greater sympathy from the charity giver. Interestingly, few beggars have ever become rich or said good bye to beggary. It is a an addiction that even psychiatrists find difficult to deal with. Cold turkey is often the only solution.

Sixty years of begging and borrowing have reduced Pakistan to an addicted state whose claim to fame is its own self acquired helplessness. It has said good bye to its own faculties, conscience and self respect. It is willing to find a million excuses to beg , but is not willing to take a single action to reform itself. It is not willing to save billions that it looses every year on its mismanaged state-run organisations like PIA, Steel mill or Railway. It is not willing to save on its army of ministers, whose only job is to roam around in Prados sponsored by the tax payer or foreign aid. It is not willing to save on its leaders eternally performing ‘umrahs’ or doing family junkets in foreign lands. It is not willing to save on its hundreds of bullet proof cars that are imported for its worthless leaders.
Continue Reading

Oct 20, 2009    |       48 comments

K-L Bill – Yes or No?

Kerry Lugar Bill‘Do you know why these suicide attacks are suddenly one the rise again?’ asked my friend. ‘No, but I guess you have a reason to justify them’ I replied in a cold manner, wondering when did the attacks actually slowed down.

‘Yes I know it is because of the Kerry Lugar bill. You know, these people (read: agents) are attacking our institutions and people to prove that we are in such poor condition that we cannot survive without aid’.

No doubt this Kerry-Lugar bill aka Killer-bill has become quite the talk of the town and people are now blaming the bill for our basic problems such as the electricity issue without realizing what the bill actually aims at.

On Sept 24, the US Senate unanimously passed the revised version of the Kerry-Lugar Bill, titled the Enhanced Partnership with Pakistan Act 2009.

On Oct. 15th President Barack Obama signed the bill into law which will triple non-military US aid to Pakistan to $7.5 billion over the next five years and hence leaving no choice for Pakistan government to request for any amendments in the bill.
Continue Reading

Sep 13, 2009    |       21 comments

Geo invesitgates Thar Coal Project

Thar Coal is one of the 5th largest coal reserve in the world having a total reserve of 850 Tillion cubic fee which can possibly enable us to produce enough electricity to power the entire country of Pakistan with for the next 40-50 years if not more. The reserves are so massive that it dwarfs the oil reserves of 375 billion barrels housed within Saudia Arab & Iran put together.

Geo News investigative team at Band File investigated this issue a few days back, its definitely an eye opener. With the hope that Thar coal does not become something like the Reko Diq mystery

[youtube]http://www.youtube.com/watch?v=OXYtUzQcG5I[/youtube]
Continue Reading

Pages:123456›