Re: pakistan economy? warnings from IMF and ADB
I have googled a few sites, but the overall picture I am getting is that Pak economy is doing well.
**So not sure **what the above figures mean. Perhaps like a morgage they talk about the loan, not the equity in the house?
hahahaha.......in today's world the only source of info is google and websites.
Bhai this is very simple in layman's language, people from economic critics to SEC are crying for last four years, that government has no plans for the huge aid its getting direct deposit from US govt and the pile of Billions Pakistani living abroad sending to Pak after 911. Investing in infrastructure is good, and selling white elephants (if there were any at the time of privitization) is also good, but having foreign teddy banks taking most advantage (32% return per year) sucking blood of poor at the name of mortgages and car loans, is not a sign of healthy economy. If you see most people working in new banks (or financial inst.), leasing cars and paying mortgages, its the SAME money that is injected in the economy from abroad and it is not circulating as it should, rather its paying investors 5-6% and charging customers upto 32%. Its the biggest scam of Aziz-Tareen team. The economy is not healthy because of the above reasons, instead this very money (or major part of it) must have been invested in manufacturing and services to increase exports.
So all the paisa that is coming into the country is either used in luxuries like above and small amount is spent on infrastructure (mainly khooshaal Punjab initiative) but very minimal to increase exports (that creates jobs for all sectors btw).