Nuclear Tests in Pakistan
I however feel very strongly that the policies pursued after the nuclear blasts were flawed at best and disastrous at worst. The freezing of all dollar accounts has very badly damaged confidence in the Pakistani economy. Remittances from fellow Pakistani`s abroad have shrunk considerably. People aren`t investing in the country and have stopped donating money. Exports are anything but rising, and all this at a time when Pakistan is in desperate need of hard currency.
I think that this was a golden oppurtunity for our politicians to build upon the fervour which the nuclear blasts had created in the country. Had the right policies been pursued, I don`t have an ounce of doubt in my mind that there would have been no limit to the amount of money which the people would have been willing to give for the sake of the country. Instead politicians continue to siphon millions of dollars out of the country while the normal citizens of Pakistan bear the burden of sanctions on their backs.
Posted by
munir
Sep 1, 1998 08:20 am
I beleive that the nuclear blasts were the right thing to do. Apart from modest technological gains acheived by these blasts, these blasts also served as a big morale booster for the entire country which was lacking in self confidence and was faced with a grave threat stemming from the Indian nuclear blasts.I however feel very strongly that the policies pursued after the nuclear blasts were flawed at best and disastrous at worst. The freezing of all dollar accounts has very badly damaged confidence in the Pakistani economy. Remittances from fellow Pakistani`s abroad have shrunk considerably. People aren`t investing in the country and have stopped donating money. Exports are anything but rising, and all this at a time when Pakistan is in desperate need of hard currency.
I think that this was a golden oppurtunity for our politicians to build upon the fervour which the nuclear blasts had created in the country. Had the right policies been pursued, I don`t have an ounce of doubt in my mind that there would have been no limit to the amount of money which the people would have been willing to give for the sake of the country. Instead politicians continue to siphon millions of dollars out of the country while the normal citizens of Pakistan bear the burden of sanctions on their backs.
- munir
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