As a citizen of Pakistan can I ask the sitting National Assembly, Senate and PM of Pakistan where has the Rs 4.6 Trillion of Total Public Debt piled up since 2008 to Sept 2010 gone along with US $8.1 Billion in External Debts between Dec 2008 to Dec 2010. The collapsed Pakistan Railways, Steel Mills, PIA, OGDC, NICL, NHA, OGDC, PASSCO etc and despicable state health services, education, law and order, inflation and energy crisis all point out to gross irregularities, incompetence and rampant corruption.
Pakistani rupee devaluation and galloping inflation is directly related to rise in external debts, tax pilferages and deterioration in trade imbalances. There is no rocket science involved in analysing what has happened and the cause for these failures. As long as there is no transparency and those involved in financial irregularities are not prosecuted against, there is no hope, nor will more loans resolve this crisis, except buying more time.
It is the government which has failed if tax is not being collected from the rich and those who kill citizens are allowed to get away for the sake of short term political benefits and controversial corrupt appointed as Auditor General.
MALIK TARIQ ALI
Lahore
Karachi