When Musharraf resigned few 
months back, the Pakistani rupee was hovering around Rs. 66 per dollar and oil prices were around $90 per barrel and when Musharraf was removed, i remember the famous Kamran Khan of Geo Tv shouting with emotions that Pakistan has been saved as dollar has came down to Rs. 62 in just one day and that our stock market has risen by 500 points to hover around 12000 points. He also cited people coming out on streets to distribute sweets and that now our financial and political worries will be overcame in just few months by our able and God fearing democratically elected representatives and that judges will be restored in few hours, 17th amendment will be removed forever and tribal areas will again become peaceful as their whole war was directed against Musharraf.
Standing at this point of time, i wonder which one of the above things have shown any improvement. The oil prices have increase 50% to 60% after Musharraf resignation and the stupid logic given was the international oil prices. Now that the international prices are at 15 months low, i wonder what is stopping our government from decreasing the oil prices? The tribal areas are even more turbulent and the violence has spread to provincial and federal capital. The dollar is at its record high of Rs. 85.5 and foreign loans are setting another record by going to around $ 47 billion and expected to cross $50 billion mark in few months. Not only this, the PPP government taxed everything and the only few things left that they are thinking to tax is water and air. Our friends are making their last ditch effort to save us from the looming bankruptcy and default. Judges are still not completely restored and the only accountability we can see is directed againt the personal rivals of our PPP government. State funds are being used on the added security and foreign trips while common man is suffering.
The devaluation is even hurting people in private sector whose salary is deprecating every day with the depreciation in rupees. Sooner or later brain drain will start occurring as Pakistani intelligentsia will accept very low salaries in foreign currency from other countries. The situation has gone so worse that a delegation from Afghanistan asked my company to set up a meeting in Dubai as Islamabad is no more a safe place to visit. Just imagine, people from Kabul thinks that Islamabad is much worse. With these conditions, i wonder where our country is going to go?
Our politicians have their accounts aborad, they have their children living abroad and they have their first home abroad and second home in Pakistsan so they wont find it difficult to run away when Pakistan is in crises and will only come back when it is again a safe place. The only people who have to bear the brunt of everything is the common Pakistani’s but the problem with us is that we will never have self respect and will credit our traitors as our heroes for the sacrifices which we give ourselves. We should realize the fact that our leaders are doing nothing for us except looting us and keeping us illiterate. We have to believe in our selves and our abilities and our leadership skills. The Bhutto’s, Sharif’s, Chaudhries and Maulanas are nothing without the support of the common man and the problem is that the same common has to beg them later after electing them. I wonder if we elect our representatives in elections or our masters?
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{ 12 comments… read them below or add one }
i really dont think if i should sacrifice my career and my way forward to do something for the country…i think a lot others think that way too…
UTP : You are right, a very honest opinion but then again what is one suppose to do? If not us then who? but it gets hard doesn’t it? its easier sad then done specially when you have a family to take care of.
Dear Pro-Pakistan,
“Now that the international prices are at 15 months low, i wonder what is stopping our government from decreasing the oil prices?”
The Government had pledged to pay the oil marketing companies the differential between international price and local price (subsidy) when oil price initially started to go up in 2007. Local prices were not increased due to it being an election year. These differential claims kept mounting and are now being paid off by not lowering the price. It is nothing but mismanagement of the past Government.
Regards
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Let me remind you that you are not the first one who has come to realize our situation and i am not the only one who thinks that there is nothing a common man can do….
Let me explain:
How do these leaders come in to power?
Most of there supporters are illiterate people living in rural areas, no offense but these people can be bought easily and on the eve of the elections they “”migrate”" to big cities like karachi to give vote to there representative who would most definitely be from there province.
Most definitely a Punjabi won’t vote for a Sindhi and a Sindhi won’t vote for a Punjabi.
so the leader they intend to chose will give there province more favors!…..
e.g. PPP -Sindh and PML-N -Punjab.
after a few years, one party would revolt against the other and will bring a glorious revoltion ( this was the political scene before Musharaff (1988 – 99) and is the same now (2008 – … )
hence the only government that lasts in Pakistan is that of the army!
With such a corrupt system, how can a common man living in an urban city plagued with inflation do any thing except to resort to violence.
The Solution:
Lets be very clear violence is not the answer, we are urban people, we don’t need to use force, plus violence would only deteriorate the economy.
The answer is making appropriate demands:
1. The leader should be a Pakistani and should be only Pakistani ( no other passport or nationality).
2. The children and family of the leader must stay in Pakistan and study in government schools. They should under no means be allowed to leave Pakistan.
3. The leader and any member of his family must not be allowed to keep overseas accounts like the infamous Swiss accounts and all the assets that he and his entire family owns must be kept public. No financial aspects of there lives should be kept secret.
If these demands hurt the privacy of the leaders family then let it be, this is a sacrifice that he should be willing to make.
4. The leader should at least be well educated, must have a Bachelors degree in business.
one can only think about these things happening, empathy, sympathy are lost now. I dont know when the uneducated population, who vote for these feudal lords will learn their lessons. Those are the one’s who suffer most, and never learn their lessons. may God give them a little brain to think retrospectively and go beyond their ” now” and think about their kid’s future.
I think this current crisis is probably the worst that Pakistan has been through in recent times. No atta, no bijli, no foreign reserves, no exports, no growth, no moral fibre in our leaders, no accountability, no desire to make Pakistan the truly great nation that it was meant to be, in fact, there seems to be no hope.
But every cloud has a silver lining…the current state of the world economy means that Pakistan will be least affected by it since we’re already bankrupt as a country. The private banks and businesses and western interests will probably take what they can and run, as will our present leadership and maybe Pakistan will then have the chance to press the button….the reset button that is. Pakistan needs a reboot and a new system and perhaps this crash is the only way that we will ever actually do it.
Someone else commented ” i really dont think if i should sacrifice my career and my way forward to do something for the country…i think a lot others think that way too… ”
Well…one sacrificing ones life for their country is known as Shahadat…whats the big deal about your career…you really think that running from your country in the time of it’s greatest need will make you a success and give you, your parents and children something to be proud of?… as a third class citizen in another country?… Who was it that once said “it’s easier to BUY a Pakistani than it is to try and convince him of the truth?”
Well said, finally a good report on this stuff
i am student of university of Sargodha BS Statistics 1st semester our teacher waqas ahmed give me a topic of assignment and presentation i am collect data many website with example. i study your article i read a new example of devaluation and i thougt that i present this example in presentation on tommorrow your example is very excellent. i define defference between depreciation and devaluation the depreciation is the reducation of assests and the devaluation is reduction of currency.for example gold price in 2007 17000 Rs and 2009 gold price is 38500 rupess. in this exmaple the gold value is increase and our country price value is decrease if we stop the import of cars and marcedize so i increase currency of our country . allah hafiz my helpler next meet you.
Depreciation:
depreciation of the reduction value of assests.
example of depreciation:
we buy a tractor his price his 100000 rupees after some time the new tractor price is decrease because his age and his repairness . if a tractor only stand but his age is increase his model is old and if a tractor is work after a some period his conditions is very badly this is reason for his depreciation. and after a one year his price is depreciate of 1000 rupees.
1999 = 100000
1998. 100000-1000
1997= 99000-1000
1996=98000-1000
1995=97000-1000
1994=96000-1000
95000
this is called the depreciation of tractor price.
Devaluation:
devaluation is the reduction of currency.
2007=1 dollar =68 rupess pakistani
2009=1dollar=85.68 rupees pakistani
the value of dollar is increase but the our rupees value is reduce and devaluate.
causes of devaluation:
import
export
uncertainty
economic growth
etc.
Muhammad Ahsan 01.11.10 at 5:39 pm
i am student of university of Sargodha BS Statistics 1st semester our teacher waqas ahmed give me a topic of assignment and presentation i am collect data many website with example. i study your article i read a new example of devaluation and i thougt that i present this example in presentation on tommorrow your example is very excellent. i define defference between depreciation and devaluation the depreciation is the reducation of assests and the devaluation is reduction of currency.for example gold price in 2007 17000 Rs and 2009 gold price is 38500 rupess. in this exmaple the gold value is increase and our country price value is decrease if we stop the import of cars and marcedize so i increase currency of our country . allah hafiz my helpler next meet you.
11 Muhammad Ahsan 01.11.10 at 6:57 pm
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Depreciation:
depreciation of the reduction value of assests.
example of depreciation:
we buy a tractor his price his 100000 rupees after some time the new tractor price is decrease because his age and his repairness . if a tractor only stand but his age is increase his model is old and if a tractor is work after a some period his conditions is very badly this is reason for his depreciation. and after a one year his price is depreciate of 1000 rupees.
1999 = 100000
1998. 100000-1000
1997= 99000-1000
1996=98000-1000
1995=97000-1000
1994=96000-1000
95000
this is called the depreciation of tractor price.
Devaluation:
devaluation is the reduction of currency.
2007=1 dollar =68 rupess pakistani
2009=1dollar=85.68 rupees pakistani
the value of dollar is increase but the our rupees value is reduce and devaluate.
causes of devaluation:
import
export
uncertainty
economic growth
etc.
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