Pakistan unable to match India - Economically & Militarily

Drsomnath999

lord of 32 teeth
Senior Member
Joined
Jun 17, 2011
Messages
1,273
Likes
1,376
Country flag
With Pakistan unable to match India's economic and military might, Pakistani Prime Minister Nawaz Sharif has said that the defence budgets of Pakistan and India should be in line with their capacities and if a dialogue between the two countries is held, resources can be better spent on the poor.

Both India and Pakistan, he said, were spending huge amounts on defence whereas this amount could be spent on the development of the social sector. He said that there was an arms race between both the countries. "If India purchases arms, Pakistan will be compelled to do so," the prime minister said in an interview to a private TV channel here on Saturday.

In a desperate move to convince India to tone down its hi-tech defence acquisitions worth billions of dollars which has in the past decade heavily tilted the military balance of power in India's favour, the Pakistani Prime Minister has realised that his country cannot match India 'economically and militarily'.:p



Pakistan cannot afford a war even with Nepal or Bhutan (for argument's sake), leave alone India. Its actual foreign exchange reserves have fallen to just about ten billion dollars which are not enough even for one month's imports. According to international norms, a nation state should consider itself in the comfort zone only when it has enough foreign exchange reserves for at least three month's imports. In contrast, India's foreign exchange reserves are a healthy $ 292 billion as of 31 May, 2013.:laugh:

What bothers Pakistan even more is that inspite of the United States openly calling Pakistan an ally on the war on terror, it cuddles up to India and declares joint production and co-development of sophisticated weapons which only the closest US allies have the privilege.

The Pakistani PM said at present, the situation in Pakistan, India and the entire region was not satisfactory owing to an arms race and a major shift in the balance of power towards India.

"Had we spent this money on the social sector, particularly education and health, it would have immensely benefited the nation and the country," he said. He advised that Pakistan and India should not intervene in each other's internal matters.

Prime Minister Nawaz said his statement on the Kashmir issue is based on historic facts and stressed that the United Nations should honour its own resolution.

"What I have said is a factual truth. I have tried to remind the United Nations that it should implement the resolution passed by its Security Council," the prime minister said, referring to his statement in the UN's General Assembly.

To a question, Nawaz Sharif said he would try to bridge the distances with India during his upcoming meeting with his Indian counterpart Dr Manmohan Singh on the sidelines of UNGA in New York.

He said that Islamabad not only wanted strong relations with New Delhi but was willing to address all the issues including Kashmir through dialogue. "I feel proud because I was the only person who brought both countries close and ex-Indian premier Attal Bihari Vajpayee visited Pakistan and we want to start peace process from the point where it was disconnected," he added.

Nawaz said that he repeatedly raised the Kashmir issue during the elections and after taking oath as the prime minister, adding that he had said if he was elected as premier, he would extend a hand of friendship to India.

"The masses, accepting the PML-N stance, have given me a clear mandate to enhance cooperation with India," Nawaz said, adding that the masses had supported the PML-N policy on Kashmir.

He declared the Siachen is also an important issue between the two countries, adding that in the modern era it was difficult to understand that the forces should sit on a 22,000 feet height and "I want to resolve this issue alongside the Sir Creek issue as well".

The prime minister said the government was committed to eradicate terrorism in the country and warned that force could be used in this regard if necessary.

About his meeting with the US President Barack Obama in October at the White House, he said efforts would be made to remove the misunderstandings between the two countries.
Defence News - Pakistan unable to match India - Economically & Militarily
 

nirranj

Regular Member
Joined
Jun 21, 2013
Messages
939
Likes
827
Country flag
War can be defeated by peace and economic prosperity, feel Pakistani citizens

Notwithstanding the recent setbacks to the political relationship between the two sides, the business community in Karachi as well as prominent citizens is of the strong opinion that the only way forward for both India and Pakistan is peace, friendship and economic prosperity.

"We must learn from history that war gives nothing but destruction and war itself can be defeated by peace and friendship, as we have witnessed around the globe. We need to learn from Germany, France, Turkey and China that trade is one of the important dividends from the prevailing peace that can change the future of the people of the sub-continent in a short span of time," S.M. Muneer, president, India-Pakistan Chamber of Commerce and Industry told a group of India journalists and visiting Indian business community on Friday.

Talking about the recent unfortunate incidents along the line of control (LoC), Mr. Muneer said the subsequent media outburst on both sides gave a setback to these relations showing the fragility and vulnerability of the process. "Both sides had taken a number of confidence building measures and trade enhancement steps during 2012 and we strongly believe that relations will slowly rebound. We have the option of either continue fighting like fools or prosper together like wise people," he added.

In fact, the same sentiment was echoed by Zuber Malik, president, Federation of Pakistan Chamber of Commerce and Industry who said that despite the political setbacks, there has been good progress on trade and economic fronts. "We are not concerned with the balance of trade as long as trade is taking place. Trade is an important player on both sides and it is win win situation for both the partners. We want a strong political and economic relationship with India and its people and hopefully this will be reflected in the coming years," he remarked.

Similarly, Karachi Chamber of Commerce and Industry president Muhammad Haroon Agar said the recent incidents along the Line of Control (LoC) had not impacted trade exchange between the two sides at the grass roots. "It is important that Pakistan confer the Most Favoured Nation Status (MFN) on India as it would help i0mprove the sentiment and send a positive signal to the other side. We cannot be hawkish all the time as fighting will not help any country," he added.

In fact, the Pakistan Trade Expo, being held in Karachi from September 25 to 29, has attracted a large number of buyers and sellers from 56 countries but has a meager Indian participation which is being talked about among official circles here. However, it is learnt that to address this issue, a bigger "India Show" is being held in February 2014, at Lahore in collaboration with Federation of Indian Chambers of Commerce and Industry (FICCI) and the Commerce and Industry Ministry. Initially, this show was to be held in September this year but had to be postponed as the political temperature had risen tremendously in India over some incidents along LoC and other places.
http://www.thehindu.com/business/Ec...ty-feel-pakistani-citizens/article5175811.ece

they should try to first reform themselves before lecturing India. India is way ahead of Pakistan and it was pakistans internal conflicts that is keeping foreign investors from even thinking of pakistan,

I am not sure why Gujarat, Rajastan, Punjab and Kashmir on the eastern side of the border are growing at a phase that combined pakistan is unable to match???
 
Last edited:

nirranj

Regular Member
Joined
Jun 21, 2013
Messages
939
Likes
827
Country flag
IMF warns Pakistan of worse economic growth in coming days

The International Monetary Fund warned Pakistan Thursday that economic growth could be worse than expected next year due to strict austerity measures built into a $6.7 billion rescue loan.

Pakistan is in the grip of its worst energy crisis in modern history which causes power outages up to 20 hours in parts of the country and has hammered industrial output.

During the last five years, GDP has averaged only three percent, far short of the seven percent considered necessary to lift the country out of poverty and fully absorb the growing labour force.

Central bank reserves have fallen to $6 billion, down from $14.78 billion in fiscal year 2010-11 and are enough only to cover imports for one and a half months.

On September 5, the IMF agreed to extend Pakistan a three-year $6.7 billion loan, making an initial disbursement of $540 million available to the authorities.

The loan is aimed at reducing Pakistan's fiscal deficit – which neared nine percent of gross domestic product last year -- to a more sustainable level and reform the energy sector to help resolve severe power cuts that have sapped growth potential.

But future disbursements are dependent on the completion of tough economic reforms measured at quarterly reviews.

In Pakistan, a country of 180 million people, only around 250,000 people pay income tax and agriculture, which still accounts for 50 percent of the economy, is largely exempt.

To repair the economy, Prime Minister Nawaz Sharif has promised to widen the tax base, improve the image of paying taxes and limit corruption.

The IMF said his budget for the fiscal year to June 30, 2014 "represents an important initial step" but cautioned that "a more efficient and equitable tax system is needed".

Austerity will also push down growth. Before Thursday, the IMF predicted growth of 3.5 percent of GDP but has revised that down to 2.5 percent if the necessary reforms are implemented.

In announcing the loan, the IMF said Pakistan's adherence to the programme would likely encourage financial support from other donors.

The Asian Development Bank has this week announced that it will invest $245 million in Pakistan's power distribution systems.—AFP

Reuters adds: "Economic performance in Pakistan has been substandard in recent years," the IMF said. "Executive directors noted that Pakistan's economic vulnerabilities and crisis risks are high, with subpar growth and unsustainable fiscal and balance of payments positions."
IMF warns Pakistan of worse economic growth in coming days - DAWN.COM
 

rock127

Maulana Rockullah
Senior Member
Joined
Aug 12, 2009
Messages
10,569
Likes
25,231
Country flag
LOL so if Pakis cant match us they want us to decrease our defense budget... :rofl: :pound:
 

Decklander

Senior Member
Joined
Nov 19, 2012
Messages
2,654
Likes
4,111
Well well well, who chose to eat grass to match india militarily and make nukes? So now that they have their nuke, let them eat grass.
 

Abhijeet Dey

Senior Member
Joined
May 6, 2013
Messages
1,735
Likes
2,474
Country flag
Dont worry China has trillion dollars in its foreign exchange reserves. They may come to Pakistan's rescue.

LINK:
With $3 trillion foreign exchange, China set to buy influence
articles.timesofindia.indiatimes.com/2013-03-27/china/38069330_1_lada-class-submarines-fighters-and-four-lada-class-li-keqiang
 

jmj_overlord

Regular Member
Joined
Sep 12, 2013
Messages
694
Likes
156
Dont worry China has trillion dollars in its foreign exchange reserves. They may come to Pakistan's rescue.

LINK:
With $3 trillion foreign exchange, China set to buy influence
articles.timesofindia.indiatimes.com/2013-03-27/china/38069330_1_lada-class-submarines-fighters-and-four-lada-class-li-keqiang
atlast they become the chinese slave...............
 

Latest Replies

Global Defence

New threads

Articles

Top