Re: Khazana Choor And Liar, Ishaq Daar lies about economy presented at GEO
O.K. I am not as educated in micro and macro economics as you are:), but explain the following phenomenon that is happening for last so many years. Daily people commit suicide due to unemployment and hunger, never seen in previous governments. Either this economic boom as you claim is a lie and jugglery of words and numbers to befool people or such economic boom has never benefit the vast majority of people. Choose your pick. Very recently a woman committed suicide with three children due to unemployment and no food for her children. Read the following news.
As you are lover of Mush’s economic policies, now tell me in his unprecedented economic boom why there is ‘ata crisis’, power crisis, sharp increase in crimes due to employment?
Once more on your curt heading, have you ever thought of biggest robber and choor, rapist, killer, butta khor residing in London, order genocide and executions of innocent people from there? I have yet to see any such comments against this ‘pir kala’ of London from you. Oh please, I hate 1000 page reply, just facts in few words will convince me.
Re: Khazana Choor And Liar, Ishaq Daar lies about economy presented at GEO
Pride: You ask for 2 line reply I do realise that you only want arguments but would not read anything. What one can expect from a person if a person is scared of even reading replies and finding facts?
You know what? When you write or say something then think before writing or saying. Did I wrote anywhere in my post that you know or you do not know micro or macro economics that you wrote as if I claimed that? Even though I believe that you would not know much about micro or macro economics, my post was to do with understanding simple graphs and figures that a school boy should know (what Daar presented on TV and lied when interpreting those graphs), not micro or macro economics.
If you know graphs and figures, school level knowledge (for instance that 10 is smaller than 18 and 15 is bigger than 7) than you would know that according to the graphs Daar showed in his program, figures in graphs and what Daar mentioned in program were contradictory to each other and Daar was lying throughout in the program as habitual liar, and thus deserve the title of being Liar. But it seems that you did not understood what I wrote even though I wrote in simple English, but you believed what you assumed.
As for Musharraf rule, it has not ended yet, nevertheless your question regarding economical condition of Pakistan during Last 8 years of Musharraf rule is nothing to do with this thread. Anyhow, since you asked, I will clear it for you with hope that you will be able to understand (though I doubt that you would understand).
Regarding suicide in Pakistan, situation was much worse before Oct 1999. Courtesy to President Musharraf Pakistan has seen 100 fold increases in numbers of media outlets and unprecedented freedom to media. That means, for every 10 suicides 1 use to get reported by restrictive media before Musharraf came to power, but today media is very active and almost all such suicides get reported. Today Pakistan population is also 25 percent more than 1999 that means if percentage incidence of suicides would be same as 1999 than due to population increase there would be 25 percent more suicides. Fortunately incidences of suicide due to economical condition has decreased substantially and result is that economical suicide has become news due to its rarity value, when in past (during pre-1999 corrupt political periods of NS and BB) it was regular incidences.
For instance, during financial year 1998-1999 there were at least 700 media reported suicides (2 a day) in Pakistan due to economical misery, even though true figures at that time could be 7000 (20 a day). Today, you could find selective news of economical suicide as you reported.
Obviously, Pakistan economical conditions has improved substantially during last 8 years but certainly situation is not such that Pakistan has no economical woes as 8 years of good governance is not enough for a country as poor and as mismanaged as Pakistan. For coming out of all economical woes, probably Pakistan need 20 to 30 years of good governance as we have seen during 1999-2008.
For number of media reported suicides in Pakistan during 1998-1999 and economical conditions of Pakistan before President Musharraf good governance that started in Oct 1999, please read following article written just after June 1999 budget (18 June 1999), nothing to do with pro-Musharraf or anti-Musharraf person, but neutral writer analysing Pakistan economical performance of that time. Please read the analysis carefully on Pakistani Budget before Musharraf period started and be grateful to Allah that Allah got Pakistan rid of crooks and thugs like Nawaz Shareef in Oct 1999, and sent a saviour to Pakistan in form of President Musharraf. If you could not understand what is written about Pakistani economical situation in this article, please be free to ask (Piyar kay saath) so that it can be explained.
Abstract from article below regarding suicides due to economical reasons … over 700 media reported suicides and that was when media was under control and restricted when reporting such news, thus reporting maybe 10 percent or less cases:
No wonder some 700 persons, mainly the poor and unemployed, were reported, according to a national news agency, to have committed suicide in 1998.That is the highest figure in the annals of the country -three times the average]
Federal Budget '99 Pak Economy’s Worst Ever Performance
The Economic Survey, an official document released every year on the eve of the new budget and known for its cheerful and upbeat presentation of the state of the country’s economy, has this time portrayed the performance in fiscal 1998-99 as grim. It has acknowledged the failure of the economy in attaining any of its vital targets of growth.
The statistics and salient points in the document made public on June 10 leave one with the inescapable impression that the outgoing financial year has witnessed the economy in the wrenching grip of stagnation and contraction.
This was perhaps the worst ever performance of the economy since Independence. To maintain at least a semblance of its characteristic cheerfulness, the Survey has called it “rather mixed”. Statistics however leave no doubt that it was the bleakest ever record of the economy.
The growth rate of the Gross Domestic Product (GDP) was 3.1 per cent, almost half of the target of 6 per cent. Most dismal was the performance of agriculture. It remained virtually stagnant, recording a growth of a mere 0.35 percent. This was as bewildering as it was unprecedented.
The Survey attributes the bleak performance of the economy to external factors, mainly the economic sanctions following the atomic tests in May last year. But, agriculture is largely unsusceptible to foreign aid. It was not subject to adverse weather conditions either. Yet, it recorded a shocking fall in the production of both wheat and cotton, which constitute the backbone of the country’s economy.
Wheat was as much as one million tons below the target -18 instead of 19 million tons. Cotton was about two million bales short of the target. Wheat and cotton had both to be imported to stop ‘atta’ riots and to keep the textile mills from closing down!
There was, however, an increase in the production of sugar cane. Perhaps the proliferation of sugar mills in the country over the past few years had something to do with this. In the current cultural milieu, any body who is some body in the country is rated by the number of sugar mills he owns. These ‘some bodies’ also own agricultural lands and have in all probability shifted from wheat to sugar cane to keep their mills running. Then, there was an acute shortage of fertilizers at the time of the sowing of wheat. That this demand was not met is attributable to the incompetence, mismanagement and insensitivity of the concerned functionaries.
The large-scale manufacturing, during the year, recorded a growth of 4.7 per cent as against 7.9 per cent last year. The slow down has been attributed to the sanctions leading to a substantial reduction in import of raw materials and spares for industries. Then, the benefit of the fall in oil prices on the world market was not passed on to the industry as was done in other countries with the result that our cost of production became higher and less competitive. Both exports and imports fell by about 11 per cent each.
National savings dropped from the already low level of 14.2 per cent to 11.1 per cent of GNP. Obviously, the higher costs of basic necessities have reduced the margin of savings. The overall investment declined from 17.3 per cent of GNP to less than 15 per cent during the year.
Foreign private investment stood at a little over $300 million in the first nine month of the year as against some $640 million during the same period in the preceding year. The mishandling of the Independent Power Producers, who had invested enormous amounts in the thermal power sector, had scared away potential foreign investors. The freezing of foreign exchange accounts of expatriate and local Pakistanis eroded further the credibility of the government. The whimsical decisions of the top leadership to spend enormous sums on unproductive ventures on the one hand and borrowing money on hard terms on the other couldn’t go unnoticed by the sophisticated foreign investors. Expenditures, for instance, on a glittering airport or on a $1.5 billion motorway, which would take at least 450 years to pay back from earnings the capital investment alone, did not serve to inspire confidence in the wisdom of policy makers.
The care-free, cavalier manner in which the governments of both Benazir and Nawaz Sharif have gone on borrowingon high interest rates, over the past decade, has brought the country’s debt-servicing liability to 81.5 per cent of revenue.The Survey acknowledges this as the most serious fiscal problem. It finds that poverty has intensified due to the slowing down of the economy. It accepts that the burden of taxes has disproportionately fallen on the poor. No wonder some 700 persons, mainly the poor and unemployed, were reported, according to a national news agency, to have committed suicide in 1998. **That is the highest figure in the annals of the country -three times the average **
That the Pakitani society is now in deep turmoil and has actually been in turmoil for a decade or so, is generally acknowledged. Social and economic inequality, illiteracy, unemployment, negligible health facilities, ethnic and parochial intolerance, wide-spread corruption, arrogance of the ruling elite, are some of its ugly features. Economic policies and fiscal measures are tied up in the IMF knot, which may or may not be in national interest. To add to the bitterness of the cup, the clouds of war are hovering thick at the Line of Control in Kashmir. Foreign Minister Sartaj Aziz’s peace mission to Delhi was brusquely disposed of with something akin to a frown.
The budget for the next fiscal year was presented by Finance Minister Ishaq Dar against such a dismal backdrop.
The immediate impression one gains from a cursory glance at the budget is that in its framework and pattern it hardly deviates from earlier budgets. The magnitude of the socio-economic problems dictated a surgical agenda. No such revolutionary change has been planned for any sector of the economy. Had the economy been moving on the path to progress, one would have indeed complimented the planners and managers for their budget proposals. But, in the prevalent objective conditions, it struck like giving an aspirin to cure cancer.
Benazir termed the budget “a mere public relations exercise which will only increase the misery and poverty of the people.” She maintained, “Only the PPP could improve the stagnant economy and provide economic security to the people.” Facts reflect the hollowness of her contention. In her two-term rule, there was hardly any structural change. The way she and her husband went about lining their own pockets at the expense of the people has landed both into unprecedented disgrace. The miasma of their corruption smells to the sky.
The breezy enthusiasm of Nawaz Sharif saw the budget as reflecting his “government’s competence, transparency and honesty.” The dismal picture of the economy presented by his own government’s Economic Survey covering his own period of governance, exposes the competence or otherwise of his government. As for transparency and honesty, one need just recall the contents of the BBC film on the Sharif family’s financial dealings, and the treatment meted out to the newsmen who had given interviews to or helped the BBC’s film team. … … …
I do realise that you only want arguments but would not read anything. What one can expect from a person if a person is scared of even reading replies and finding facts?