Or why should they make reforms when the status quo perfectly works for them?
If allowed, will those supposed reforms wont eat like of NS and Zardari first?
Islamic Republic of Pakistan : News, Discussions & Updates
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Or why should they make reforms when the status quo perfectly works for them?
If allowed, will those supposed reforms wont eat like of NS and Zardari first?
I didn't understand what you meant. Can you elaborate?
My point is Pakistan needs major structural reforms to move forward. Without these reforms, the economy will always be at the point of collapse. But the army is preventing these reforms because it will change the way they have been conducting its business of running Pakistan. Even Bhutto's attempts at redistributing farmlands in the 70s was stopped by the army when Zia came to power.
For example, when Modi demonetised our currency, it brought a lot of dirt out into the open, particularly the lakhs of shell companies and their directors who were involved in money laundering. The same thing will happen to the Pak Army's companies when reforms happen.
The economic might of Pakistani military | merinews Mobile
Reforms will bring a lot of skeletons tumbling out of the army's closet.
The corruption within civilian govt has nothing to do with their economic crisis.
Your reasoning is very wrong.
Most of our ambitious economic reforms were spearheaded by the military who were free from the chains of bureaucracy, our elders talk of how fast-paced development was under military rule, especially under Ayub Khan.
Yes, the Pakistan Army owns many multi-billion dollar companies that were started from scratch thanks to it's massive pool of skilled, educated and reliable labor. These companies are completely legal and crucial to the economy, the revenue earned from them mostly go back into the economy.
You see @randomradio ; were the PA to stand for elections, they'd easily win a few seats ( and that's just a start) thanks to an ever growing electorate who have favourable views about their contribution to the economy, their role in upholding law and order , besides of course, defending the country.
@safriz ; @Superkaif ; @Arvind ; @BlackOpsIndia
Me thinks they ought take a leaf out of the Tata Steel ad - We also make steel.
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Corruption does not eat into foreign exchange. It only causes inequitable wealth distribution. The forex depletion, technological backwardness etc can happen when there is sabotage, generally at the behest of foreign entities. Sabotage is different from corruption and comes under treason/betrayal. Nawaz did not seem to have done any of the sabotaging activities but was only financially corrupt. So, how was Nawaz responsible for foreign exchange depletion? Whenever he tried to develop economy by bringing in temporary peace, the army scuttled it and prevented him from using long term strategy. If someone sabotaged Pakistani economy, it was the Pakistani army that refused to think long term and instead was jingoistically short sighted.
Reforms like export increase, improving indigenous technology to reduce imports etc could have come a long way. But Pakistani army was in the way and always was in a hurry for immediate fundings and short term thinking
I agree the army and its self preservation at all costs has to an extent hindered economic development and growth but from where i am sitting i see rife exploitation and the appointed governments have shown extraordinary first class looting of the countries coffers. Treating the national vaults as their own slush fund for a start.
You see the combination of army and corrupt governance is a potent mixture and results in any decent folk turning their backs on the motherland. The "India threat" is used frequently to excite the population - uniting against a threat thats minuscule compared to the threat within the nation.
Slightly off topic - always puzzles me - how much do these people want to steal? Bank accounts are full - property portfolio is prominent yet they insist on continuing the launch.
Do you know when military start a business, it deprive some civilian of same business?
Secondly, it turns an institution like army non-neutral with business interests prevailing.
The success of army business were not because of Generals having competency of CEO and CFO but because they face no competition.
Increasing exports and reducing imports and attracting remittance and FDI are the only way. This in turn requires improved stability, improved education and improved indigenous technology. Even simple things like improving the number of high quality professionals can attract huge job opportunities from gulf countries in case of Pakistan.
Can corruption impact stability, education and technology advancement?
Also consuming forex in non profitable assets just because such project help build in personal wealth can result in forex stress?
That comes under sabotage rather than corruption. Otherwise, education, technology can be developed even with corruption by a form of oligarchy where all the businessmen are related to politicians but technology is still developed. Stability of Pakistan is primarily due to double dealings in international arena and consequent backlash which also could have been avoided even with corruption. North Korea, Cuba etc have high corruption but still stable, for example.
Consuming forex in non-profitable assets can't be in large quantity as that ca be detected rather easily. Forex must be accounted for very carefully and hence large scale corruption is difficult. Unnecessary spending in forex is generally done as part of sabotage with support of foreign agencies rather than as corruption. Corruption can lead to sabotage but corruption itself is not sabotage.
We can play around with words as much as we want.
Finally you got it what I am trying to convey. Political party, even if do not want, their corruption led to sabotage of national interests.
Not all corruption is equal. Corruption is only legal definition. Law is not absolute and is made by other people who were not perfect themselves.
Lets call almighty God on earth to deal with it the and we can close the discussion.
Or for mortal us, lets avoid playing around and say corruption, in its whatever definition, can cause damage to a nation. Saying that it wont be blasphemous.
That's because Pakistan was propped up by American aid at the time. For example, your entire army, navy and air force that you built back in the 60s came directly from American coffers.
Yeah, and if the new Khan brings reforms, out come the cockroaches infesting in these billion dollar companies.
Year: 2004-2009
Place: India
Government lead by: Congress.
Major Scams-
2G- $25 Billion loss to exchequer
Coal Block- $150 Billion loss to exchequer
Forex reserves:
2004- $100 Billions
2009- $300 Billions
Growth rate was pumping, investment was good, made some strides in education and technology, though inflation was high but it was demand induced. Infrastructure spending was good and the corruption in it is NOT counted here.
I have no idea why you are hell bent on relating two different things just to implicate Nawaz Sharif. You can just plainly say I think Nawaz did all this along with army and I can't prove it so that we don't have to deal with silly correlations and debate. These just two scams were more than GDP of Pakistan and almost entire year budget of India, did we fail? The value of this is certified by CAG and accepted by SC and value does not indicate Congress got this much money, it means loss to nation.
Now give us some trusted numbers supporting your claims or please stop issuing blanket statements which is pure rhetoric. As I said corruption is romantic to sell but numbers don't add up.
I told you to refrain from insulting but yet you had to come up with phrases like silly correlations and terming basic fundas as rhetoric.
Only an intellectually bankrupt individual can boast of 300 billion dollar of reserve for 1 billion people nation having 50% below poverty with no access to nutrition, healthcare or basic needs like water and sanitation. This is artificially created fund, so that fanboys like you can talk about how India is surviving despite known corruption. Yes, hardly surviving and people sitting in their AC rooms are not the scale to measure.
Let me say that, had there been no corruption, we would have been sitting on 5 trillions of Dollars as reserve. Counter that. Now since our leaders know how big a carrot is good enough to beat your itch, they have settled for few hundred billions. Pakistanis had one more mouth to feed in Army and result is further worse.
Indians like you lives in lala land where India is all heaven and an example for the world. We are piss poor, we are just more in numbers. Deal with it.
That is corruption of mind. Cant see the reality. Can you give me a dollar figure for such corruption as well?