Crisis, poverty and productivity of physical capital in Pakistan
Political, governance, energy, and other crises affected the performance of machines in Pakistan-ranging from machines at tailor shop to large scale manufacturing industry.
However, some machines are performing out rightly wonderful and their productivity growth is double digit for last few years. These machines are located in the premises of Sate Bank of Pakistan and printing notes to finance present government.
Currency in circulation in June 2008 was 1050 Billion RS and now in 2013 is 11794 Billion RS. It means 71% growth of notes production.
These are the poor who suffer more in both cases. Printing notes hit hard existing poor and make new poor who are in lower middle income group.
Political, governance, energy, and other crises affected the performance of machines in Pakistan-ranging from machines at tailor shop to large scale manufacturing industry.
However, some machines are performing out rightly wonderful and their productivity growth is double digit for last few years. These machines are located in the premises of Sate Bank of Pakistan and printing notes to finance present government.
Currency in circulation in June 2008 was 1050 Billion RS and now in 2013 is 11794 Billion RS. It means 71% growth of notes production.
These are the poor who suffer more in both cases. Printing notes hit hard existing poor and make new poor who are in lower middle income group.