arifkarim
Prime Minister (20k+ posts)
In 2011 Pakistan had total external debt of 65 billion dollars and exports of 32 billion dollars.
9 years later external debt almost doubled to 110 billion dollars. Meanwhile exports are still under the peak of 32 billion dollars:
Normal countries external debt grows with their export income. In Pakistan's case that hasn't happened because of country's unsustainable economic and financial model of import led growth:
Changing govts won't fix this decades long mess. Pakistan needs a self sustaining economic and financial development model to come out of this debt spiral of bankruptcy.
Desprado miafridi zaheer2003 The Sane shujauddin Resilient Wake up Pak AZ1 Iconoclast
9 years later external debt almost doubled to 110 billion dollars. Meanwhile exports are still under the peak of 32 billion dollars:
Normal countries external debt grows with their export income. In Pakistan's case that hasn't happened because of country's unsustainable economic and financial model of import led growth:
Changing govts won't fix this decades long mess. Pakistan needs a self sustaining economic and financial development model to come out of this debt spiral of bankruptcy.
Desprado miafridi zaheer2003 The Sane shujauddin Resilient Wake up Pak AZ1 Iconoclast