Pakistan is now a $300-Billion Economy

[hanibal]

Re: Pakistan is now a $300-Billion Economy

@Sa1eem

In 1999, Pakistan was $60 billion economy and had $38 billion net foreign debt (debt - reserve). Reserve was less than $500 million. Pakistan export was $ 7 billion and tax collection was Rs 308 billion. In late 1998 and early 1999, Pakistan became defaulter country (defaulting twice). Pakistan was in IMF program.

After 8 years, by 2007, Pakistan was $186 billion (3 times what it was in 1999), had $22 billion net foreign debt ($38 billion - $ 16 billion reserve). Pakistan export was $18 billion (~ 3 times) and tax collection was over Rs 1000 billion. In 2004, Pakistan came out of IMF program. Overall, GDP was increasing at healthy rate of 7 to 9 percent.

Now … after 10 years from 2007, Pakistan GDP reached $300 billion (not even twice what it was in 2007), external debt doubted to more than $50 billion (external debt - reserve), export is declining and now it is around $18 billion (after reaching $23 billion), tax collection is Rs 3000 billion, Pakistan is in IMF program again since 2009, than what is big deal?

If this is how demon-crazy in Pakistan works, where state power is used for corruption, nepotism, mismanagement, abuses, get rich quick (at the expense of country), than it is better that Pakistan should have military rule again.

Saleem bhai! Khairiyat? Tabiyat theek hay aap key?