High Credit RiskBy Tazeen • Aug 1st, 2012 • Category: Lead Story, Politics, Worth A Second Look • No Responses
Key Economic Indicators from all the watchdogs in the world are once again hinting at economic meltdown of Pakistan. This is not something new, so much so that we have started ignoring these warnings lately and the newspapers have also started shifting these news to second page, and the rating-oriented TV talkshows don’t even discuss them.
Our economy stands on two pillars; Foreign Aid and Foreign remittances. We don’t have any exports and we don’t have any in-house vibrant and working economy. Our population is bursting at the seams, and our resources already exhausted. We don’t have energy to run our factories, and our industry is mired by the inefficiency whereas government is replete with the corruption from inside out and upside down.
But even the most shrewd of economic pundits are baffled as why Pakistan doesn’t go bankrupt after all these repeated warnings which are going on for years. Everybody is plundering this country and yet it stands firm. What kind of foundations are these? No leadership, no planning, no united nation, and no hope and yet it maintains it’s stature and integrity. Isn’t it a miracle?
But how long this will last? Nothing is infinite in this world and nobody has bottomless pockets. It’s a shame that we are such an ignorant. We must take this seriously and act fast.