Re: Pakistan economic snapshot 03-07 IMF data
The ground reality is that the common man is still suffering under inceased inflation and a whole host of other problems… But then there is also no denying that Pakistan has made considerable progress over the last couple of years… Granted much is due to the American help, but they only provided the breathing space, and the funds. Pakistan has done well to use that breathing space and the funding, at the very least, to stabalize the economy over the long term…
No one is denying that poverty is still endemic, and you dont have to live in Pakistan to know it. Anyone with a relative (such as myself) who cant afford a Bakra on eid, even before the huge jump in the price, could tell you how hard it is to get by in Pak these days. Offcourse a bakra is luxury considering many arent even able to feed themselves, but I quote examples of the relatively well off, who still cant afford such a luxury even once a year.
The development that has come however is unseen (except by the rich or middle class), but it is development and it does mean more money for the govt which can be used in development…
Now how those extra funds are used is a matter of conjecture… I suppose many would assume that it will probably be spent on defense, or fill the pockets of some greedy official, but thats a topic for some other forum.
I think the disageement lies in the what you consider development. For me real development will come when there is a marked reduction in poverty and visable signs are seen in the streets. But then on the other hand, you need this form of growth, the kind the country is currently experiencing to realize the ultimate goal of reduced poverty etc.