[quote name='ravish' date='25 December 2011 - 11:16 PM' timestamp='1324834689' post='114089']
The statement made by the Prime Minister of Pakistan does not contain any unknown facts. It the past, it has been proved beyond doubt as to who controls Pakistan the elected civil governments or the armed forces. In recent times, certain ground realities have changed and the day to day running of the state apparatus has become complicated. That is the reason why the Armed Force of Pakistan is still tolerating the civilian government. They do not want to take direct control of the mess and tarnish whatever is left of its public image. So there is a strong possibility that the top players will be changed but the civil outfit will be kept in place .
Currently the relation between USA and Pakistan is at its lowest level in several decades. The Pakistan Army simply cannot wash off the incident and start business as usual, even if a section of the Army top brass may desire it to be so, as it would cause incalculable damage to the Armyââ¬â¢s already dented public image. The Chinese President meanwhile have sent a special envoy to Pakistan just to reassure that China is ready to support Pakistan in its confrontation with the United States.
Nareshji who is an outstanding expert on Pakistan may like to give his considered views on the emerging situation.
[/quote]
ravish Ji :
Where does one start? Any case one will give it a go :
1. Pakistan is directly involved in 9/11 World Trade Towers(?) incident and the USA Bombed Afghanistan and Iraq.
2. A US Patriot Cruise Missile "Fell" in Pakistan who promptly despatched it to China - No action by USA except I weak protest (if there was one)
3.Osama had been "Provided" a Safe Haven in Pakistan under the Pak Government, Army, ISI etc. & etc. Protection. The USA "took out" Osama and in the effort left one of its "Crashed" Stealth Helicopter in the "Compound". The Pakistanis passed it on to the Chinese for Inspection and after Chinese Inspection it was sent, I believe, returned to the US. I am sure that the Chinese must have taken sufficient material from the Helicopter Wreckage to build a Stealth Helicopter themselves.
Pakistan is thumbing its Nose at the USA who are literally Shaking in their Boots.
In addition despite its loss of face the Pakistan Army is in full control in Pakistan and whenever Gilani raises his voice against the Pak Army he has to - within a few Hours if not Minutes - retract his statement.
The Indian Government's Impotence can neither by appreciated nor understood by the common Indian denizens.
May be you can tell us why MNS & Co. are down on their knees saying "Ji Hazoor" to the Pakistani Government in General and the Pak Army as well as the ISI in Particular especially in respect of the 26/11 Pakistani atrocity in Mumbai.
In addition the USA or is it the UN have removed Mulla Omar from the Terrorist-Jehadi List under duress from Pakistan. Please let us have your take especially with your connections in New Delhi.
Meantime I continue to focus on Pakistan's Economic Situation - by golly it is heading Southwards as we speak!
You might find the following Article Interesting to say the least :
[url="http://blogs.ft.com/beyond-brics/2011/12/28/pakistan-focus-on-the-basics/#axzz1hqL4wMF3"]Pakistan : focus on the basics[/url]
Even by its high standards, 2011 has been a tumultuous year for Pakistan. Political uncertainty, energy shortages, [color="#FF0000"][size="5"]terrorism,[/size][/color] and flood devastation all feature heavily in the central bankââ¬â¢s end of year report on the state of the economy, which makes for predictably glum reading.
According to the State Bank of Pakistanââ¬â¢s report, domestic problems are of greatest concern, including, ââ¬Åthe collapse of fixed investment; acute energy shortages; urban violence and lawlessness; poor physical infrastructure; and institutional fragilityââ¬Â.
Such ââ¬Ëstructural deficienciesââ¬â¢, coupled with an absence of good governance and the floods that hit last year, saw the economy grow by 2.4 per cent of GDP in fiscal year 2011, which runs from July to June, a significant undershooting of the projected 4.5 per cent estimated by the central bank.
Even discounting regional giant India, this modest growth puts the country well below its South Asian neighbours Sri Lanka and Bangladesh, both of whom are posting growth rates of 6-7 per cent of GDP.
Pakistanââ¬â¢s public finances are most worrying for its central bank. The budget deficit of 6.6 per cent is well above the 4 per cent target and plugging the shortfall will prove problematic as the government is stalling in implementing vital fiscal reforms, such as expanding the tax-base.
Only 1 per cent of the population pays income tax in Pakistan and despite year-on-year increases, tax revenues still fell in real terms in FY11. The failure to make significant moves on fiscal management has led to Islamabad prematurely ending a three-year IMF loan-programme.
The report is also further evidence of the disconnect between what outsiders often see as Pakistanââ¬â¢s huge economic potential and the faltering fundamentals that seem to hold it back from becoming a success story.
After all, Pakistan is included in Jim Oââ¬â¢Neillââ¬â¢s ââ¬Ënext 11ââ¬â¢ growth markets alongside South Korea, Indonesia, and Turkey ââ¬â mainly on account of its massive 180m population. And according to at least one Indian economist who spoke to beyondbrics, Pakistanââ¬â¢s near neighbours have also come to see the clear benefits of developing ties with their erstwhile rivals.
ââ¬ÅMore and more people in India are realising that we have a stake in a stable and more prosperous Pakistan. The business opportunities are simply hugeââ¬Â.
Normalising relations with India will not be a panacea to Pakistanââ¬â¢s ills but plans to grant Delhi ââ¬ËMost Favoured Nationââ¬â¢ status should be a first step in diversifying the countryââ¬â¢s trade relations. Approximately 50 per cent of Pakistanââ¬â¢s exports go to the EU and US, and access to the Indian market should certainly provide a fillip to the countryââ¬â¢s powerful industrialists.
But as warned by the SPB, the government needs first to address deteriorating business conditions, the most crucial of which is energy supply. Insufficient resources have put a ââ¬Ëceiling on growth potentialââ¬â¢ and the demand-supply gap for electricity in particular has led to growing social unrest and the shutting down of factories for large parts of they day.
Pakistan ranks 105th out of 183 countries surveyed in the World Bankââ¬â¢s ease of doing business scores, a fall of nine places from 2010.
Inflation is 12.9 per cent and has been running in double-digits for 50 consecutive months, whilst benchmark interest rates have been held at 12 per cent, having been cut by 150 basis points in October. The central bank estimates growth to be between 3-4 per cent and inflation to fall by less than one percentage point for FY12.
For all its potential, Pakistanââ¬â¢s end of year report reads conclusively as ââ¬Ëtry harder next timeââ¬â¢. In the words of the central bank: ââ¬Åpolicymakers must focus on the basics if Pakistanââ¬â¢s economy is to move forward.ââ¬Â
I look forward to your considered views.
Cheers
The statement made by the Prime Minister of Pakistan does not contain any unknown facts. It the past, it has been proved beyond doubt as to who controls Pakistan the elected civil governments or the armed forces. In recent times, certain ground realities have changed and the day to day running of the state apparatus has become complicated. That is the reason why the Armed Force of Pakistan is still tolerating the civilian government. They do not want to take direct control of the mess and tarnish whatever is left of its public image. So there is a strong possibility that the top players will be changed but the civil outfit will be kept in place .
Currently the relation between USA and Pakistan is at its lowest level in several decades. The Pakistan Army simply cannot wash off the incident and start business as usual, even if a section of the Army top brass may desire it to be so, as it would cause incalculable damage to the Armyââ¬â¢s already dented public image. The Chinese President meanwhile have sent a special envoy to Pakistan just to reassure that China is ready to support Pakistan in its confrontation with the United States.
Nareshji who is an outstanding expert on Pakistan may like to give his considered views on the emerging situation.
[/quote]
ravish Ji :
Where does one start? Any case one will give it a go :
1. Pakistan is directly involved in 9/11 World Trade Towers(?) incident and the USA Bombed Afghanistan and Iraq.
2. A US Patriot Cruise Missile "Fell" in Pakistan who promptly despatched it to China - No action by USA except I weak protest (if there was one)
3.Osama had been "Provided" a Safe Haven in Pakistan under the Pak Government, Army, ISI etc. & etc. Protection. The USA "took out" Osama and in the effort left one of its "Crashed" Stealth Helicopter in the "Compound". The Pakistanis passed it on to the Chinese for Inspection and after Chinese Inspection it was sent, I believe, returned to the US. I am sure that the Chinese must have taken sufficient material from the Helicopter Wreckage to build a Stealth Helicopter themselves.
Pakistan is thumbing its Nose at the USA who are literally Shaking in their Boots.
In addition despite its loss of face the Pakistan Army is in full control in Pakistan and whenever Gilani raises his voice against the Pak Army he has to - within a few Hours if not Minutes - retract his statement.
The Indian Government's Impotence can neither by appreciated nor understood by the common Indian denizens.
May be you can tell us why MNS & Co. are down on their knees saying "Ji Hazoor" to the Pakistani Government in General and the Pak Army as well as the ISI in Particular especially in respect of the 26/11 Pakistani atrocity in Mumbai.
In addition the USA or is it the UN have removed Mulla Omar from the Terrorist-Jehadi List under duress from Pakistan. Please let us have your take especially with your connections in New Delhi.
Meantime I continue to focus on Pakistan's Economic Situation - by golly it is heading Southwards as we speak!
You might find the following Article Interesting to say the least :
[url="http://blogs.ft.com/beyond-brics/2011/12/28/pakistan-focus-on-the-basics/#axzz1hqL4wMF3"]Pakistan : focus on the basics[/url]
Even by its high standards, 2011 has been a tumultuous year for Pakistan. Political uncertainty, energy shortages, [color="#FF0000"][size="5"]terrorism,[/size][/color] and flood devastation all feature heavily in the central bankââ¬â¢s end of year report on the state of the economy, which makes for predictably glum reading.
According to the State Bank of Pakistanââ¬â¢s report, domestic problems are of greatest concern, including, ââ¬Åthe collapse of fixed investment; acute energy shortages; urban violence and lawlessness; poor physical infrastructure; and institutional fragilityââ¬Â.
Such ââ¬Ëstructural deficienciesââ¬â¢, coupled with an absence of good governance and the floods that hit last year, saw the economy grow by 2.4 per cent of GDP in fiscal year 2011, which runs from July to June, a significant undershooting of the projected 4.5 per cent estimated by the central bank.
Even discounting regional giant India, this modest growth puts the country well below its South Asian neighbours Sri Lanka and Bangladesh, both of whom are posting growth rates of 6-7 per cent of GDP.
Pakistanââ¬â¢s public finances are most worrying for its central bank. The budget deficit of 6.6 per cent is well above the 4 per cent target and plugging the shortfall will prove problematic as the government is stalling in implementing vital fiscal reforms, such as expanding the tax-base.
Only 1 per cent of the population pays income tax in Pakistan and despite year-on-year increases, tax revenues still fell in real terms in FY11. The failure to make significant moves on fiscal management has led to Islamabad prematurely ending a three-year IMF loan-programme.
The report is also further evidence of the disconnect between what outsiders often see as Pakistanââ¬â¢s huge economic potential and the faltering fundamentals that seem to hold it back from becoming a success story.
After all, Pakistan is included in Jim Oââ¬â¢Neillââ¬â¢s ââ¬Ënext 11ââ¬â¢ growth markets alongside South Korea, Indonesia, and Turkey ââ¬â mainly on account of its massive 180m population. And according to at least one Indian economist who spoke to beyondbrics, Pakistanââ¬â¢s near neighbours have also come to see the clear benefits of developing ties with their erstwhile rivals.
ââ¬ÅMore and more people in India are realising that we have a stake in a stable and more prosperous Pakistan. The business opportunities are simply hugeââ¬Â.
Normalising relations with India will not be a panacea to Pakistanââ¬â¢s ills but plans to grant Delhi ââ¬ËMost Favoured Nationââ¬â¢ status should be a first step in diversifying the countryââ¬â¢s trade relations. Approximately 50 per cent of Pakistanââ¬â¢s exports go to the EU and US, and access to the Indian market should certainly provide a fillip to the countryââ¬â¢s powerful industrialists.
But as warned by the SPB, the government needs first to address deteriorating business conditions, the most crucial of which is energy supply. Insufficient resources have put a ââ¬Ëceiling on growth potentialââ¬â¢ and the demand-supply gap for electricity in particular has led to growing social unrest and the shutting down of factories for large parts of they day.
Pakistan ranks 105th out of 183 countries surveyed in the World Bankââ¬â¢s ease of doing business scores, a fall of nine places from 2010.
Inflation is 12.9 per cent and has been running in double-digits for 50 consecutive months, whilst benchmark interest rates have been held at 12 per cent, having been cut by 150 basis points in October. The central bank estimates growth to be between 3-4 per cent and inflation to fall by less than one percentage point for FY12.
For all its potential, Pakistanââ¬â¢s end of year report reads conclusively as ââ¬Ëtry harder next timeââ¬â¢. In the words of the central bank: ââ¬Åpolicymakers must focus on the basics if Pakistanââ¬â¢s economy is to move forward.ââ¬Â
I look forward to your considered views.
Cheers