Man u are funny
we get loan on their termss, and for that “somebody” gets kick-back and/or commission, we pay interest on that commission as well and that commission is part of the principal account.
We make defense deals, agains kick-backs and commission comes into play, not to mention that half of the time these deals are made on borrowed money..
We borrow money and buy Road lights, cars and other fancy equipment, again kick-back and commission comes into play and needless to say, the amount which can be spent to build infrastructure for industrial+agriculture based economy, we tend to make it consumer economy, where we invite dozens of consumer banks in the country…
the amount of loan known to be written off is more than a billion dollar, the corruption done by Politicians and got away by using some silly NRO kind of ordinance just to invite the corrupt politicians back to country, the amount written-off by this ordinance is almost 2 billion dollars..and these amount does not inlcude the corruption done my bhagora Mushy and Shokat Aziz, by the lavish life-style they are enjoying, i believe they have done more than anyone else ever done..
Had the amount beend spent on the real projects, we might not be in the scenario where we are in…
and this is in the country where the so-called leadership and backed by so-called liberals who are dying to get an annual amount of USD 1.5 billion..
I am sure that u are going to comeup with an argument saying that had the politicians and other not gone corrupt, The very existance of Pakistan might have been endangered
No one can deny that a small percentage of the funds get abused.
We just need to keep things in perspective.
No need to harp on the aid. The reality is that Pakistanis “short sell” themselves by going for the $1-1.5 billion aid/loans from the West.
We should follow the example of Turkey/China and improve tourism and trade with the West. That way we can earn $100 billion a year from the USA/EU instead of being bhookay nangay faqeers and living on Khairat.