Re: Appreciation from WB & IMF : Ishaq Dar
Who cares about the whole world? What matters is the person on the street. What impact has billions of dollars in loan had on the normal person’s life? What impact has the dollar devaluation had on his life? What impact has the exploding stock market had on his life? PMLN is repeating dreadful scenarios from 1993 and 1999. In 1993, they bankrupted 2 banks, and forced NBP to declare its first ever loss. In 1999, thanks to excessive borrowing, Pakistan was weeks away from a default when NS was ousted.
Regarding KPK, you will perhaps not find anything similar to what PMLN is doing in Punjab, er, Lahore, or at the federal level. You will not find them spending blindly in infrastructure against heavy borrowing. You will though find them investing resources in strengthening institutions, like police, education and healthcare. Considering the condition KPK was in compared to Punjab as of last year, KPK seems to be eons ahead to be honest.