My purpose of this post is to show that how big liars and crooks Pakistan have voted in and when Khazana of Pakistan get looted again, obviously these liars would give a story as they are giving today, but we should know their characters and that how these crooks twist the truth and lie, so that they can steal Pakistan and still could make fool of Pakistanis. It is nothing to do with economics or politics, but credibility to rule and liars have no credibility.
Today this liar (Ishaq Daar) has given a preview of Pakistan economical situation but throughout he was lying and was wrongly interpretation figures to misguide people. I would have had respect of him if he had not lied or had not tried to misguide Pakistanis who are mostly economical ignorant. But when this crook tries to misguide people and lies blatantly, it is really disgusting and shameful. For those who saw his talk on GEO with Sherry Rahman, I am going through it so that people can also see how big this liar is.
From his own graphs and figures that he presented on GEO (I am not putting those graphs but those who watched the program must have seen it … well, program could get repeated too and graphs might come in newspapers too):
For information: He was lying to misguide people throughout the program but his biggest lies for purpose to misguide masses were on Pakistan debts, Inflations, dollar Reserves, and well, on everything.
Monetary growth: ( 9 years from 1990 to 1999) … Monetary growth was 28 percent max (91-92) and 14 percent minimum (96-97) except 98-99: Overall average increase was around 20 percent (one can see his own graph he presented on TV and calculate)
Since 1999 … 9.3 percent minimum and 19.5 percent maximum, Average around 15 percent. But Monetary growth has two components and one is due to real growth in economy. If growth rate is high, monetary growth would be high, else it creates mostly inflation. Pre 1999, even though monetary growth averaged 20 percent real growth was low (averaged around 3 percent). Whereas after 1999, though monetary growth was 15 percent, a big component was real growth (averaged around 7 percent). But this liar still tried to tell the public that monetary growth was bad during last 9 years and that is why inflation was high (though his own graphs shows that inflation was much lower than corrupt periods of 1988-1999). Thus it shows, how retarded and liar this choor is.
CPI inflation: When the graph was shown he got nervous but still kept bull****ting. Throughout on graph, the inflation during pre Musharraf period was showing high. Actually, from 1990-1996, there was not a single year when inflation was below 10 percent and was hovering near to 12 percent (varying between 10 percent to 14 percent) … Only in 97-98 (7.8 percent) and 98-99 (5.7 percent) inflation was below 10 percent, while during Musharraf 8 years period (1999-2007), inflation was below 5 percent for 5 years (1999-2004 … out of that, 3 years, inflation was around 3.5 percent, one year it was 3.1 percent) and was around 8 percent rest of the years (though it is projected that in 2007-08, inflation might be 10 percent .. could be lower … but again blame cannot go to previous govt).
But this crook Daar showed the grapth still to make fool of masses, he said that in 1998-99 inflation was 5.7 percent (lowest figure between 1990-1999) but gone up from there to 10 percent, but skipped the obvious that inflation was 3.1 percent in 2002-03 and that on average over last 9 years (even if inflation for this year would be 10 percent), average inflation is still less than 5.5 percent … while during 1990-1999, average inflation was over 10 percent. [Though throughout he was giving embarrassing laugh knowing that he was lying and trying to make fool of masses]
As for CPI food inflation, this liar was most embarrassing (not really, that would come when he tells of total debt): From 1990-1997, for 7 years, his graphs shows that food inflation was never below 10.5 percent, hovered from 11 percent to 18 percent and averaged around 12 percent. Well, in 97-98 it was 7.7 percent and during 98-99 it was 5.9 percent. But when Musharraf came, the figure went too low as it was below 2.8 percent throughout from 99-2003 (4 years). It went up but still it was 5 percent in 2003-04 and 6.5 percent in 2005-06. It went up above 10 percent in two years, 2004-05 (12.5 percent) and 2006-07 (10.3 percent). But this crook and bae-sharaam Daar started comparing 1999-2000 figures (that was first year of Mush govt) of 2.2 percent with his projected figure of 14 percent for year 2007-2008 … what a retard.
Foreign exchange reserve: He had nothing to say when he showed that Pakistan has almost no reserve (always between 1 to 2 billion dollars at most) before Musharraf and now gone to 16 billion dollars, though to downgrade the phenomenon he came to a conclusion that debt has increased and that is why reserve is so high plus many other bull-****s like kerb buying of dollars and remittance without telling that in past dollars in kerb and due to remittance were same as today but it was he and his corrupt colleagues who use to buy from kerb to send their own corrupt money abroad. He obviously skipped mentioning that even before 9/11, reserves was 3.8 billion and it was highest ever in Pak history.
Worst of this khazana choor liar came when he tried to explain debt. His graph showed that in 1980, Pakistan total debt (rupee and dollars in rupee) was Rs 156 billion. In 1990, that debt went up to Rs 801 billion. Note, that in 1990, total debt was around 4 times more than 1980. BY 1999, this debt went up to Rs 2946 billion and that is an increase from 801 billion in 9 years or around 3.7 times. Now since 1999 to year 2007, the debt went to Rs 4810 billion and it is expected projection that debt might reach Rs 5695 billion by end of 2008.
So, in 8 years … to 2007 debt increased by only 63 percent … or even if projected figure is taken than also debt may increase to Rs 5695 billion or 93 percent. Now this Khazana choor started BS to the people that this debt is a big increase as it increased by 2749 billion in last 9 years, that is almost as big a debt as it was in 1999.
Now anyone other than complete idiot would know that those Rs2946 billion debts these Khazana choor crooks left in 1999 was not interest free and thus Pakistan was paying interest on that debt. Every idiot in Pakistan knows that if one even invest Rs 2946 (give loan to government buying defence saying certificate) than after 9 years, that Rs2946 would become Rs 10000 plus. Or if government borrows Rs 2946 than they pay interest on that enough that it becomes 3 to 4 times after 10 years … or at least 3.5 times after 9 years. For government, increase due to interest is a bit less or at least 2.5 times in 9 years. That means, if Pakistan government (under these crooks by 1999) had borrowed Rs 2946 billion than even if Musharraf government had not taken any extra loan, still that Rs 2946 billion would have increased to over Rs 7500 billion in 9 years, not Rs 5695 billion, present debt Pakistan has.
One can see that in 1990 when debt was Rs 801 billion, it increased to Rs 2956 billion by 1999. Well, one can say that Rs 801 billion if increased by 2.5 times because of interest in 9 years, then that must have increased to Rs 2000 billion, and rest, that is 946 billion was borrowed by these corrupts on top of whatever government paid interest on inherited debt. But in last 9 years, if Musharraf government had borrowed on top of interest then debt should have been over Rs 7500 billion. When it is not Rs7500 billion but it is Rs 4810 billion (by end of June 2007), one have to realise that this Choor-e-Khazana Ishaq Daar lied when he said that Musharraf government borrowed. It is pathetic that such a big liar and crook this man (Daar) is and how he lies to misguide people that past government was borrowing
To misguide the people Darr kept repeating that Pakistan’s total debt (rupee and dollars combined) increased almost as much during last 8 years (well, it increased 63 percent from 1999 to 2007) as what Pakistan took during first 42 years from 1947 to 1999. It means that this retarded Daar considers that Pakistanis are complete idiots and he is ‘andhu may kana raja’. Does he really think that Pakistanis do not know that if one borrows 100,000 rupee than it would become 200,000 rupee just because of interest in 5 years even if they do not borrow more? Whereas if one borrows 500,000 rupee than it would increase not by 100,000 but 500,000 in same time? So when one looks at money one see percentage increase as money (debt, economy, income, prices, investments, etc) increases in percentages.
If Pakistan GDP was around 5 billion dollars in 1947, was 60 billion dollars in 1999 and today it is 150 billion dollars, then one cannot say that Pakistan GDP increased almost twice as much (90 billion dollars) in last 8 years than what it increased in first 42 years (55 billion dollars), as increase in GDP is worked out in percentage and that means GDP increased by around 150 percent during last 8 years, that is all. If Pakistan GDP ever reaches 10000 billion dollars than an increase of 300 billion dollars in one year (3 percent) would be considered as bad performance while today it is considered as excellent performance even if Pakistan GDP increases by 150 billion dollars in 10 years, because 150 billion dollars is 100 percent over 150 billion dollars economy of today, whereas 300 billion dollars would be only 3 percent if economy was 10,000 billion dollars.
Only crook and dhokay baaz like Ishaq Daar can use this type of explanations that debt increased as much during 8 years what it increased during first 42 years of Pakistan history, without taking into account interest on past debt, just to fool and misguide the people, as people like Ishaq Daar are habitual liars, untrustworthy and dhokay baaz.