Thursday, February 11, 2010

2010 PAKISTAN- An Economic Review.

After 9-11, Pakistan emerged as a frontline state & an important non NATO ALLY in the War on Terrorism. We all know the 6-Point Agenda, which then General Musharaf regime surrendered the whole nation to be part of this war. As per Gen. Musharaf own book, he was threatened by Mr. R. Armitage that they will send us to stoneage & thus the post 9/11 scenarios had forced the Country to engage Military Action in TRIBAL BELT of PAKISTAN (FATA). More than 30,000 Troops are still involve in Military Action in South-Waziristan.

Since 9/11, its been reported that American had appeased our Government Beauracracy, Military & Politicians with an un-accounted aid of more than USD 10 Billion/-, though the total remittance of more than USD 66 Billion/- had poured in to Pakistan in last 10-years. Though, this money had boomed three to four sectors including Stocks, Banking & Insurrance Sector, Property, Automobiles & electronics. Where these sectors had been given special tax relief that the monetary policy was designed to facilitate them with huge un-expected profits. Ex-Prime Minister Shaukat Aziz had always caught mentioning about "the tickle down" which never reached the common Pakistani.

Since the bankruptcy of AIG Aug-Sept 2008, triggering the Global Reccession period & helping the cause of Obama Presidential Election Campaign. Pakistan was caught up un-planned and un-wise. Where our Military expenditure due to the engagement in our FATA Area remain the same & thus the reccession & government change, had rushed out the AMERICAN AIDED Money out of our Stock-Markets, Properties to Dubai through Massive Money laundering.

Now American government had substantiated stimulus Packages for their Banking & Industrial Sectors, but here in Pakistan we `ve taken record breaking IMF Loans ammounting near to USD 15 Billions in 2-Years to avoid total bankruptcy & still getting a USD 1.2 Billion from the Proposed KERRY-LUGGER Bill & USD 900 Million as Military aid for War On Terrorism. With more than USD 5 Billion/- pledge by Friends of Democratic Pakistan(U.K., France, Japan, Saudi Arabia, UAE & others).

Since 1947, because of un-planned Population Development Programme we ve increased our Population for more than 3.8% & now the 170 Million people demands for Food/ Shelter/ Employment & other basic requirements had increased. Pakistan produces 0.98 Million Jobs per Year, where we need 10.8 Million Jobs to avoid discrimination with in the society.

The basic question is we still getting the finances but if the Government start putting those funds in Right Direction we can narrow down the un-employement gap & can get out of our problems on our own.

Things to Do:
1. Our Government should put direct stakes on our AGRICULTURE.
2. Talks with INDIA related to Water-Issues.
3. Peace Talk initiative with Tribal Pakistani.
4. Initiate Thar Coal Project.
5. Introduce Duty Free Trading in Pakistan, So we can use our Demographic Strength.
6. Minimize Corruption & privatize liabilities like Steel Mill & P.I.A.
7. Plan out Cheap Nuclear Energy.

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