What if Pakistan does defualt?
Pakistan is going through its worst economic situation at the moment and it has been revealed now that every ruling class from PML, PPP and ARMY failed to uplift the economy. We all know that Pakistan is a rich resource country in minerals, manpower and agriculture and moreover intelligent enough to be an Atomic Power. Then why it is unable to plan and managed its resources during last 6 decades? It is because we are being ruled by Land Lords and buerucracy who just exhausted the Government funds on their own benefits and luxury life style. Why these govt officials are provided with benefits like free fuel and other fringe benefits they are failure to us and our country. I have worked for one year in a semi Govt organization and the way they sucked the funds with no results you can imagine what a Pure govt organization and ministries are doing. May Allah save and bless us.
I have posted this as question in linkedin where i got some answers please click the following link
http://www.linkedin.com/answers/government-non-profit/government-policy/GOV_GPO/354984-14081240
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Asad Rizvi wrote:
Hi Majid,
I have forwarded Fourth option to the Advisor od PM Shaukat Tareen.
Please folow the link.
http://www.brecorder.com/index.php?id=829319&currPageNo=2&query=&search=&term=&supDate=
We lack conviction, determination and are good enough to present our case. I do Business talk shows on AJJ Tv Channel.
Recently, I have put forward another plan on the Television Channel and recommended the government that Pakistan needs to have a group of sensible qualified financial analyst and economist and prepare a sheet to present its case. Jot down the numbers that is spent for security purpose.
How much money is our tourism business loosing? What is annual job loss number? How much does that impact on the GDP? Costing should be based on last 7-years. Put this bill that in the parliament, get it endorsed from the parliament and present it to the world or leave us alone.
Anyway, the country will not default, but times are certainly tough. Not only for Pakistan, the world will witness another collapse coming in next 3-months time. Credit Card and Auto Loans will take the lead. Preparing year end Balance Sheet and Maturities of large deals will also become pain in the neck.
Cheers
Asad