It has to be said PMNL/Sharifs are masters of narrative building. PTI simply can’t compete. The cuckoo IPP contracts were not a product of incompetence, but a well thought out strategy to befuddled the Pakistani people by razzle-dazzle that they’ll pay thru their noses for years
https://twitter.com/javedhassan/status/1373715348147613702
PMLN knew exactly what they were doing when the kept PKR overvalued by borrowing USD to support the currency. It suppressed inflation & kept interest rates artificially low. Moreover, it fuelled consumer driven growth, which gives them boasting rights that it now shoves down our
throats - little matter that it decimated exports & exploded trade deficit. Although they knew that collapse was inevitable as such consumption driven growth, fuelled by excessive levels of borrowing is never sustainable. The pièce de résistance of this was dubious IPP enterprise
It not only made growth figures look rosier, but provided the fig leaf that the unsustainable borrowing was for productive purposes. It also ensured a grave was being dug should any unsuspecting knave take power from them. If re-elected they always planned to immediately go to
IMF. Any number of excuses could be conjured for that was necessary. Their official spokespersons have officially said so and accused PTI of not going soon enough. Also, they could tell the voters that it was time to pay up for the good times provided by them in previous 3 years.
PTI was almost exclusively focused on corruption, which always going to be difficult to prove given the judicial process & prosecution limitations of NAB. The inbuilt booby traps of inflation by having to devalue PKR to realistic levels and power tariff hikes necessary because of
the Tsunami of capacity charges that was always going to crash on an incoming govt. However, it was ignored until recently. Now as the circular debt increases inexorably, the government has to further hike rates, & the entire blame is put on incompetence of PTI. Well played PMLN!
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