World Bank: Pakistan Risks Crisis

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Re: World Bank: Pakistan Risks Crisis

@""Shamraz_Khan""

After 8 years of economic mismanagement by Mushrraf and his corrupt cronies I hope the new govt take right steps to bring country out of economic mess.

lets see how this article states that

@""Shamraz_Khan""

ISLAMABAD, Pakistan (AP) — Pakistan’s new government must take urgent action to prevent the country’s economy from tipping into crisis, the World Bank warned Thursday.

prevent..i.e. its not in crises, but it can get in crises…now lets see ..why it can tip into crises

@""Shamraz_Khan""

the South Asian country needs to make painful adjustments to higher global prices for oil, commodities and foodstuffs or risk a slowdown.

ahhh global increase in prices…dunn think Pakistan being’mismanaged’ will have global impact on prices of oil and food..

[quote=““Shamraz Khan””]

so

1. good economic foundation (somehow it doesnot make me think of economic mismanagement)
2. growth can only continute if.. ( meaning there is growth, kewl.. does not sound too bad)
3. Pakistan needs to adjust to the new global reality ( so its global in scale, thus not an economic mismanagement of pakistan, its new, meaning it was not a factor 8 until recently, and ‘djust’ means changes have to be made.

@""Shamraz_Khan""

Musharraf, who seized power in a 1999 coup, guided Pakistan from the brink of bankruptcy to multiyear economic growth.

Damn it…how darehe mismanage economy and thus guide it from brink of bankruptcy to multiyear economic growth…

@""Shamraz_Khan""

A United Nations report released on Thursday said that Pakistan’s economy was expected to grow at 6.5 percent this year,

shame shame, growth is bad…lets go back to brink of bankruptcy..damn economic mismanagement…bringing us growth and shyt..we dunn need no stinkin growth..

@""Shamraz_Khan""

“If action is not taken, the economy will start to falter, but with the right policies and strong support from multilateral and bilateral partners, we believe the high growth and poverty reduction path can be maintained in Pakistan,” Patel said.

so it has not faltered yet,
growth can be maintained i.e. there has been growth
poverty reduction can be maintained meaning there has been poverty reduction.

damn…what bad ad economic mismanagement…

(the issues with balance of payments and state of our industry not withstanding, but especially for industries ppl need to realize that govt handouts and protection only take you so far, if youa re not comeptitive you get messedup.. UK saw it, US saw it Japan saw it..steps need to be taken to sort that but it has to be a govt and industry partnership and not some nationalized mills and factories like that genius pinata boy came up with in his era)