Monday, October 20, 2008

Begging is big business, Bankruptcy Better.

"The country, a frontline ally in the US-led campaign against al-Qaida and Taliban militants, has been forced to seek $10bn from western backers to stave of the threat of going bankrupt as early as February 2009." - TOI news report

"Pakistan, which is struggling to control an escalating militant threat amid US missile strikes on its northwestern frontier with Afghanistan, requires an immediate commitment of at least $2 billion to restore confidence in the country.

China has so far not yet given any firm commitments on loans, though there were uncorroborated media reports that Mr Zardari asked China for close to $3 billion." - the telegraph, London.

"It's a crisis of the money economy, and that is very serious," says economist Qaiser Bengali.


"If we are unable to meet our debt repayment, if we're unable to pay for imports, then the wheels of agriculture and industry will certainly come to a stop. Given that Pakistan imports its oil, our aircraft and lorries will not be running without oil." -BBC

And Pakistan Spends near about Rs. 50 crores daily on Military expenses just in siachen glacier.

Now who would in normal senses do that?
or is it becasue to buy arms from china and US they would need money from the same people.
Like in india, general people in pakistan do not really care for govrnment doles in thier day to day lives. Even basic infrastructure is absent. so even if the country does go bankrupt it does not affect the poor.
However, on the other side only people who gain from beging are the benefieciaries of the government schemes, and military spendings.

You see, it business sense to beg, borrow, steal (go bankrupt)