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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Asif Khan
Saturday, April 18, 2009 02:52 PM 
Reply: >
what will be the impact of 5.28 billion aid on Pakistan's economy? plus the US aid if they drop conditions....are we looking at another boom if that happens?
Kashif replied on Saturday, April 18, 2009 03:50 PM 

Dear Asif

Nothing will happen even if the aid increases to 52 billion - our problem is not foreign aid but the internal system. There are so many leakages that this aid will not go to the desired projects. Moreover, I think the kind of realestate 'boom' we saw in 2004/2005 was just an exception and this kind of easy money is not good for any nation. Unless we develop our industry and agriculture, we cant grow based on 'casino-like' market of realestate and stock market.

Just my opinion - you can differ!

Regards.
Kashif
MH replied on Saturday, April 18, 2009 06:06 PM 

5.28 Billion dollars aid can be beneficial only if Gov. develop five big industries with one billion in each in deprived cities(Not like Lahore etc).
nadeem replied on Saturday, April 18, 2009 10:37 PM 

rulers will eat all this. We request international donors to strictly monitor and provide the aid in shape of commodity as power plants / agricultural machinery / heavy industry -factories / dams / but no cash to these vultures.
tzk replied on Sunday, April 19, 2009 12:08 AM 

it can be beneficial if spent on infrastructure. Todays news is that attorney general charged govt 1 Crore Plus (10 Million Plus) as legal fee and provincial govt of punjab also paid hefty fee to muslim league lawyers for legal fee that is despite a big team of govt lawyers on govt payrooll at federal and provincial level
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