Independent economists have said that owing to government’s inappropriate economic policies to cope with depressive economic situation of the country Moody’s downgraded Pakistan’s sovereign rating to its lowest level ever. Talking to Online renowned economist Dr Salman Shah said that economic manager’s unsuitable policies had brought the country eight years back rather than bringing some improvement in the relentlessly aggravating economic situation. “Government’s inept polices is the main hurdle in the way of promoting investment in the country which should be made investment friendly,” said Dr.Salaman Shah. Well-known economist Dr Ishfaque Hassan khan said that political leadership and economic managers should be blamed for downgraded credit rating of Pakistan as economy of the country was not on their radar screen. “Business is thriving here and political leadership and economic managers have no anxiety with growing deteriorating economic situation of the country,” he added. Pakistan Economy Watch (PEW) President Dr Murtaza Mughal said that country’s current account balance and foreign exchange reserves had exacerbated which had been responsible for Pakistan’s downgraded credit rating. He told economic trouble shooters of country had taken Pakistan on the brink of destruction economically, as they had not been endeavouring to formulate the polices which would bring economic prosperity. In a note issued on Friday by Moody’s downgraded Pakistan’s sovereign credit rating to its lowest level ever. Pakistan’s current account in May showed a deficit of $3.8 billion. Remittances from abroad that provided support to the current account until recently are tapering off, Moody’s said.
any comments from any ppp jiyala???
@Pakistani. Economis matters are way too complicated for their peanut sized brain. Their stupidity is what qualifies them as jiayals in the first place. This ppp leadership has brought more shame to the country than any other govt. ever. They say they are following ZAB footsteps. I can see that. They are determined to break up Pakistan just like ZAB did in 1971.
@Pakistani. Don't expect any answers from any jiayalas. They are not intelligent enough to understand the repurcussions of this down grading of credit ratings. If they had a brain even the size of a peanut, they would not vote for ppp but unfortunately their stupidity is dragging down the whole country. Zardari himself had testified in London Court and thru his lawyers that he was mentally incapable therefore he should be excused from attending court hearings against him. If he is testifying under oath himself that he is retarded then who are we to doubt him 🙂 The problem is that ppp jiayalas are bigger retards than zardari.
We have a mentally incapable person as our president. zardari had testified under oath that he was mentally incompetent in the London Highcourt during Surray Palace hearings. How a reatrded person becomes a president is beyond me. I bet jiayals don't have an answer for that either because they are bigger retards than zardari himself. Jiayals, thru their stupidity, have dragged the country down to its lowest point ever by voting for ppp leadership. Economic matters are way too complicated for their peanut sized brains. They should be required to carry a sign saying that they are stupid so that we can identofy them on the streets.
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