Several articles attest to damage done on Pakistan economy
ISLAMABAD: Federal Finance Minister Ishaq Dar has said that Pakistan has suffered economic losses of RS450 billion due to ongoing protests being staged by Imran Khan and Dr. Tahir ul Qadri.
Addressing a press conference here on Sunday, Dar said an IMF delegation has called off its visit to Pakistan due to security reasons. “IMF officials are surprised whatever is happening in Pakistan,” he said.
“Pakistan is progressing economically. What is the objective of this protest?” he asked.
Commenting on Imran Khan’s addresses, he said that there was a terrible situation in the country. “Some things are very strange,” he commented.
He was of the view that Nawaz Sharif may ask Punjab Chief Minister Shahbaz Sharif to step down. –
SAMAA
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ISLAMABAD: Governor Punjab, Chaudhry Muhammad Sarwar has said that protest demonstrations and sit-ins launched by Pakistan Tehrik e Insaf (PTI) and Pakistan Awami Tehrik (PAT), had badly hit the economy of the country.
He said that leaders of China, Sri Lanka and Qatar could not visit Pakistan due to these protests and sit-ins.
Governor Punjab said that the leaders of PTI and PAT should start dialogue and resolve the issues in the larger interest of the public.
He said that both the leaders should show political maturity in resolving the matter.
He said that PAT and PTI should work for enhancing education, resolving the issues of clean drinking water and strengthening the economy of the country. (APP)
http://www.samaa.tv/pakistan/05-Oct-2014/pat-pti-protest-sit-in-affect-economy-says-ch-sarwar
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ISLAMABAD: Asian Development Bank President Takehiko Nakao warned Wednesday an ongoing political impasse could damage Pakistan's recently stabilised economy, as the country's finance minister said Islamabad would miss its growth target due to recent floods.
Speaking at a joint press conference, Nakao and finance minister Ishaq Dar praised the government of Prime Minister Nawaz Sharif for improving the macro-economic outlook and pursuing a liberalisation agenda.
"Today we are seeing the growth rate is picking up, the inflation rate is becoming more managed, and foreign reserve (has picked up) -- and the exchange rate is becoming stabilised so it is really a remarkable achievement by the government," he said.
"What is important is the...continuation of democracy. I am so glad to see the peaceful and democratic transition of government last year," he continued.
Last year's general election was the first time a civilian government handed over power to another in a country that has been ruled for more than half its existence by the dominating army.
But protesters led by opposition leader Imran Khan and a populist cleric have camped outside parliament for nearly a month demanding Sharif resign, alleging he rigged the poll, which local and foreign observers rated as credible.
Pakistan's government has said the crisis has cost the exchequer billions of rupees (millions of dollars) and deterred foreign investment after ratings agency Moody's upgraded the country's outlook from negative to stable.
Speaking to AFP, Nakao said: "It's a very difficult to tell what should be the impact of this political impasse. We don't have any estimate about it. If it prolongs there is more damage and if it is solved quickly the damage will be more managed."
Nakao added that the bank, which is set to provide $5 billion to Pakistan over the next five years in assistance particularly in energy and infrastructure sector, would extend flood relief to the country after an assessment report was completed.
At least 296 people have died in this years flooding, which has also damaged 2.2 million acres of farmland in the breadbasket Punjab.
Dar said the damage would affect Pakistan's growth target of five percent for the fiscal. "It will have a bearing on our GDP, we have a major agricultural loss in Punjab. We have budgeted for and projected (growth) at five percent," he said. (AFP)
http://www.samaa.tv/economy/17-Sep-2014/political-impasse-likely-to-hit-pakistan-economy-adb
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Imran, Qadri inflict massive damage on Pakistan
ISLAMABAD: Apart from the monumental damage that Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri’s sit-ins have caused to Pakistan, its economy, politic and several other aspects, the gigantic disaster they have brought about is the postponement of the Chinese president to Pakistan.
He was going to sign several agreements worth $34 billion, which was to give a big boost to Pakistan’s economy. When hardly any country is prepared to take the risk of investing in Pakistan, China was making liberal investments, which too received a jolt by these meaningless protests. Apart from the deferment of the visit, the sit-ins sent a very negative message to the time-tested friend.
If these protests, as widely believed and alleged, were part of an international conspiracy to undercut China’s massive economic investment in Pakistan and strengthening of its strategic partnership with Islamabad, this plan fully succeeded with the postponement of the visit that rarely takes place. The two cousins deserve kudos and congratulations for this ‘achievement’. The Chinese investment was also meant for development of the economic corridor and Gwadar port that was going to serve Pakistan in the time to come.
Both Imran Khan and Dr Qadri will have to face the nation and answer questions about the havoc they have played with Pakistan especially the cancellation of the Chinese president’s visit. Their claim that the Nawaz Sharif government is responsible for the postponement was bizarre. There were no signs of remorse on their faces. Instead they preferred to be obsessed with petty theatrics that is not going to bring any political dividends for them. This is the third important visit that has been cancelled due to the situation created by the PTI and PAT. Earlier the Maldives and Sri Lankan presidents called off their trips.
Meanwhile, despite feverish attempts to break the monolithic unity of the Parliament by the scriptwriter, the legislature holds its ground as it is speaking with one voice in support of the democratic system, supremacy of Parliament and Constitution, and Prime Minister Nawaz Sharif.
However, nobody in the Parliament was oblivious of the devious efforts by the scriptwriter. It is a good realization that not only the government but most MPs are also fully aware that the war was still on from those who want to wrap up the system as they are passionately egging on Imran Khan and Dr Qadri not to budge from their present stand and rather create an ugly scene.
On one side is the unwavering rare unanimity and consensus prevailing in the Parliament for democracy and Constitution while on the other is the frustration running high in the PTI, which is faced with fragmentation and split. A majority of Imran Khan’s lawmakers is not ready to honour his call to vacate seats of the legislatures. Additionally, the PTI chief is confronted with daily depletion of participants of the sit-in, which often sees empty chairs. If this rising disinterest continued, Imran Khan will finally be left alone there.
Never ever in Pakistan’s history the Parliament, composed of heterogeneous elements, has demonstrated such exceptional closing of ranks as it has done now. None has fallen in the trap of the scriptwriter except Imran Khan and Dr Qadri. This is what raises hopes and expectations for not only continuation of the democratic dispensation but also its strengthening and taking roots. But the MPs are vigilant about the continuing intrigues against the system.
Whether it was the Pakistan People’s Party, the Awami National Party, the Jamiat Ahle Hadit or the Pakistan Muslim League-Q (PML-Q), all of its speakers tore apart the conspiracy against the Parliament and challenged the plotters. They also ridiculed the two revolutions. “Where are the peasants, labourers, clerks and artists if Qadri is leading a genuine revolution? It is like haves saying we are have-nots,” PPP Senator Raza Rabbani, who delivered a powerful speech, said.
When the notorious Article 58(2(b) existed in the Constitution, the establishment used to get rid of elected governments through presidential hammer. “Now, it is the proxy mode by bringing puppets on streets in play to dump democracy,” he said.
Rabbani correctly read the lethal attack of Dr Qadri on the PPP and its founder, Zulfikar Ali Bhutto, and believed that the PAT chief launched this blistering assault only after his ‘strings’ were pulled by those who were desperate to pull down the Parliament and play havoc with the Constitution.
He opined that the attack on the Parliament was meant to convey a loud and clear message that this is what “we can also do. But we tell them that all the MPs will lay down their lives but will not allow desecration of the Parliament.” Another sensible and saner voice was that of PML-Q Senator Mushahid Hussain, whose top party leadership (Chaudhry Shujaat Hussain and Pervez Elahi) not only stands with Qadri in demolishing the system but is more desperate to destroy everything. However, Mushahid Hussain has consciously kept himself away from this politics and had not been seen even once with Dr Qadri. He asked the speaker not to accept resignations of PTI MPs.
Mushahid Hussain asked the prime minister to shun mogul mindset and work in collaboration with all other institutions. “No martial law is being imposed,” he said and appreciated Nawaz Sharif for appointing a thoroughly professional solider as the army chief. “Raheel Sharif is a thinking general unlike most others.”
“Focus must be on delivery; give respect to Parliament; the prime minister should be more inclusive; mufti-khaki relations should be smooth and there should be close relations between them; the government is still a one-man show; no single institution can resolve problems; we have to collectively work with large-heartedness; there are now multiple power centres in Pakistan; and it is now a changed Pakistan.”
Some of Federal Minister Ahsan Iqbal’s assertions aptly portrayed the prevailing situation. “Dr Qadri talks about blood in his ‘Urdu revolution’ and peace in his ‘English revolution’; and even a ‘Bucha, Sukka’ would have attracted 2 million people had he issued so many appeals as Imran Khan and Qadri have done for 20 days etc.”
The PTI chairman, whose party secured the second highest number of popular votes in the 2013 general elections, is such an ‘intelligent’ politician Pakistan has never witnessed that as part of the conspiracy against democracy and the Constitution he has chosen to stand with discredited Dr Qadri, who has no electoral standing whatsoever and doesn’t believe in the democratic system. This marks a huge fall of Imran Khan with a bang.
http://www.thenews.com.pk/Todays-News-2-271110-Imran-Qadri-inflict-massive-damage-on-Pakistan
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Political confrontation to damage economy; Fears traders
ISLAMABAD, Aug 8 (INP):
Islamabad Chamber of Commerce & Industry has showed great concern over the rising political instability as it will affect the business activities and hurt the overall economy.
Muhammad Ali Mirza, Acting President, Islamabad Chamber of Commerce & Industry said the country could not afford political instability and called upon all the political leaders to rise above their vested interests and put their heads together for defusing the prevailing tension. He said due to terrorism, law & order situation and energy crisis, our economy is already in trouble while any confrontation will push the country towards further downfall.
He said businessmen of federal capital have already suffered huge losses due to political sit-ins & marches and they will suffer more due to forthcoming Azadi March. He said as per Economic Survey 2013-14, economic of Pakistan has already a loss of more than US$ 102 billion due to war on terror and if the country was pushed to further instability, it will prove destructive for the nation.
Muhammad Ali Mirza said Pakistan needs to grow at the rate of 7 to 10 percent per annum to come out of the group of low income countries, but was afraid that the circumstances like the prevailing confrontation will create more challenges for the country.
He said political stability is the key for economic stability as no nation could achieve better economic growth in an environment of instability. He said due to rising political tension, investors would not come to Pakistan, trade and industry would badly suffer, internal and external threats would increase and anti-state elements would exploit the situation to further weaken the country.
He said our neighbors China and India are making sound economic progress and if we could not set our own house in order, we will be left far behind economically.
He said our brave armed forces are engaged to eliminate the terrorism while the country has to rehabilitate the IDPs and Pakistan needs stable government to cope with these challenges.
He called upon all the political leaders to realize the sensitivity of the situation and come forward to play their positive role in defusing the tense situation in order to establish political stability in the country so that business community could focus on promoting business activities and economy could move towards improvement.
http://dailythepatriot.com/political-confrontation-to-damage-economy-fears-traders/
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We will not allow to converting Azadi March into destruction march: Shahbaz Sharif
Lahore: Punjab Chief Minister Muhammad Shahbaz Sharif has said that what we are today is all due to Pakistan. He said that we will not allow to converting Azadi March into destruction march. The Chief Minister said that it is unbelievable that any patriotic Pakistani can say these words “traders should not pay tax, people not pay bills and overseas Pakistanis stop sending foreign exchange”. He appealed to Imran Khan not to take revenge of failure of sit-in from Pakistan.
He was talking to Assembly Members, here today. The Chief Minister said that those who were demanding resignation are now talking about resigning themselves. What kind of U-turn is this, he questioned. He said that the whole nation has proved that it will not accept any unconstitutional demand of the protesting elements. He said that an attempt is being made to play with the future of Pakistan by making a shield of women and children.
Shahbaz Sharif thanked traders’ community, industrialists and the whole nation for totally rejecting the call of civil disobedience and said that no patriotic Pakistani has supported this announcement. He said that people of Pakistan can differentiate between the right and the wrong. He said that after the demand for technocrat government, the call for civil disobedience has totally divided Tehrik-e-Insaf. He said that Imran Khan has set world record for changing his stances and he is now isolated in politics due to his stubbornness.
The Chief Minister said that it is unfortunate that a Pakistani has declared Gandhi as his leader instead of Quaid-e-Azam. Similarly, Imran Khan has perturbed the souls of the martyrs of Pakistan Movement through his Azadi March. He said that Quaid-e-Azam is not the leader of Muslim League alone but of 18 crore people of Pakistan. He said that Pakistan Muslim League-N has always given preference to national interests over personal and political ends. He said that masses are the pivot of politics of Pakistan Muslim League-N and it is ready to make every sacrifice for the country.
http://lahoreworld.com/2014/08/19/w...azadi-march-destruction-march-shahbaz-sharif/
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There are more articles where that come true. But don't blame on posters for posting the articles. Blame on those who cannot refute the allegation from the articles, so they resort to engage character assassination and make grave accusation without evidence.
I simply post regardless of what the articles say. You have problem with articles? Take your issues with them. Seriously, only Imranistan can be stupid enough to blame on certain member for posting the articles.