Pakistan Stands on $67 billion Dept,97 billion dollars in Swiss Banks,Rs8.5 trillion (US $94 billion) in corruption.
BY:Shoaib Habib Memon
The USA is a vast country with huge resources, but it has a
mounting debt too that has to be repaid. The total national debt of the
US stands at more than $15 trillion. This loan works out to be $49,762
for every man, woman and child in the US. It owes to China $1.3
trillion.
There’re various reasons for the accumulation of this loan, among
which, Bush’s policies, the federal government’s spending spree and
paying for two wars on borrowed money, stand out prominently. But,
despite this loan, it’s also advancing aid to various countries. One
fails to understand as to how it’s managing all this?
It looks as if we, in Pakistan, are also toeing the US line. Our
total external debt has swelled to around $67 billion. This is over and
above the huge internal debt. We’re printing currency notes to the tune
of Rs1.5 to 3 billion daily. Every Pakistani man, woman and child is
indebted to an amount of Rs 61,000 each. It appears that this loan will
keep rising till the time the next general elections take place. One
fails to understand as to where all this money has gone and how this
debt is going to be repaid.
The value of Pakistani rupee has fast eroded during the last four-and-a- half years, and will soon touch Rs100 to a dollar.
Therefore Poverty has brought Pakistan face to face with a reality
that it will find hard to accept: every third Pakistani is caught in the
‘poor’ bracket i.e. some 58.7 million out of a total population of 180 million subsist below the poverty line.
This includes more than half the population in the forever remote
Balochistan, 33 per cent in Sindh, 32 per cent in Khyber Pakhtunkhwa and
19 per cent in Punjab. These are daunting figures. But they are much
needed for planning, especially when the government appears too
embarrassed to release statistics related to poverty.
A Study identifies the 20 poorest districts, 16 of which exist in
Balochistan that has been long agitating for attention. There are no
marks for guessing that the other four poorest districts are also
located away from the train of progress, in Khyber Pakhtunkhwa. The
exercise doesn’t identify the causes behind this continued and
unfortunate disparity, but the basic factor responsible for the
situation is not very difficult to list. The primary reason is the lack
of proper, meaningful and non-discriminatory representation for all
regions in decision-making. Those who are able to some extent
participate in the running of affairs do manage to secure a better deal.
Others are denied participation, and democracy for them remains an
illusion. The first resource they are looking for is the space from
where they can speak and be heard. This is the most
essential prerequisite to progress.
Pakistan is a Passing in Difficult Condition due to Terrorism . Its
economy is facing fluctuations now a day. At the time of independence
Pakistan has very low resources and capital, so the processes of
progress were very slow. Unfortunately the politicians of Pakistan were
all not well aware of modern global system and the progress processes
and the needs of country. Due to bad policies today Pakistan is facing a
lot of problems. The continuous failure of policies leads the people of
country to miserable conditions. The major problem in the country is
poverty which is becoming the cause of crime and social disorder.
Sources: Collected from Dawn,Pakistantoday News.
Writter is Independent Observor you Can Reach by Shoaibhmemon@yahoo.com