Economy heading in right direction, claims Dar
LAHORE: Finance Minister Ishaq Dar on Saturday said that Pakistan is heading in the right direction and it will not default despite the opposition’s propaganda.
“Pakistan will not default just because of the propaganda of the opposition (Pakistan Tehreek-i-Insaf). The country’s direction is right and it is not heading for default,” Mr Dar declared during his interaction with businessmen.
PTI Chairman Imran Khan and other leaders of his party have been predicting Pakistan will default because of the “poor policies” of the coalition government led by PML-N. Mr Khan is of the view that the country’s economy can only be stabilised if a stable government took after fresh elections and tackled the situation.
Mr Dar further said that the opposition was hurting the ‘economic cause’ of the country. “Besides, the opposition is trying to forestall foreign investment in the country by propagating on corruption stories. The PTI needs to show some serious attitude and should not play with the country’s economy,” he emphasised.
When liberalised China’s economy, he didn’t just use the central bureaucracy in Beiing but also asked local government officials in four regions to establish Special Economic Zones.
One of the four zones, at Shenzhen, was very successful and within five years, inspired by Shenzhen, there were 35 zones across China, which went on to become the engines of Chinese exports and growth.
The Chinese economic miracle is in no small part due to the drive and zeal of the local officials who are competing against each other.
Our four large provinces do not provide any competition but if we had our nation’s 38 divisions and more than 100 districts also competing with each other, we would definitely get better, more responsive governments.
Population Growth in Pakistan can only be controlled if we educate our womenfolk, bring them into the job market, and give them total control over their bodies. China, as the world is aware, had adopted a 1 child policy which freed its women to join the work force and put money directly in their pockets. Faced with an aging society China has now allowed its women to have upto 3 children, but having tasted the power of money in their pockets China's women have not heeded the Government's call.
Dr. Maha Mad.
Don't compare oranges to apples.
China is a very harsh country, it benefited enormously, disproportionately by the West’s, especially America’s trade liberalisation to allow imports as a way of political incentives towards Western style de ocracy. Now the hard times are hitting every nation, the unchanging nature of Chinese , encroachments is turning the tides of success. While Pakistan enjoys enhanced trade concessions, it has to compete with cheap Chinese products. There is no give from iron brother
about 23 hours ago
Dar can keep singing and playing is fiddle while Pakistan keeps falling closer towards a default
Bankruptcy = ''right direction'' ?
Zulfiqar H Naqvi
He may be right, may be going south in the right directions.
Dar is a stooge of the enemy. He is succeeding in taking the economy down
What are the metrics he is using to say ‘Pakistan is on the right direction’?
Back to the old corrupt Pakistan. You are still begging Mr Dar
On what basis it is improving. Talented people are leaving the country for better job opportunities.
After bankruptcy declaration, items such as medicines, meat and poultry will not be available, so start buying and storing them now and be prepared. Getting some goats may also be a good idea.
Is default the rightt direction Mr. Dar - you have failed and there is no solution that is being proposed by you
Fascinating statement from a man who can't explain his own wealth.
Six horses are pulling in the right direction, whereas wind is throwing it towards the left.
This guy should be in jail! Another absconder just like his father in law. Need to remove him in few weeks before we go bankrupt!
'$6.7 billion reserves' = 1 month's (30 days) Economy will be heading in right direction.
Lies will go on till next election, then off to London for another self imposed exle.
Economy heading in right direction: Down.
More smoke screens by the 2nd liar in chief Dar
Light at the end of the tunnel
Elections, please! Nobody trusts you to deliver anything for the economy.
Pakistan's failed economy is moving towards Bankruptcy while Bangladesh and India are having hundreds of billions of dollars of forex reserves due to exports.
It has been heading in the right direction for 40 years without any improvement.
Yes in the right direction, down the hill. Go faster
I am run Khan
Right direction means in ditch
Are we talking about economy of Pakistan or ?
Pakistani elite live better than elites everywhere else. Mr. Dar is looking after everyone he cares about!
This is beyond Lies - is there any word for it ?