Everyone knows that several parts of Pakistan are ravaged by unprecedented floods in the last few weeks. Several days ago India offered a relief of USD 10 million which was promptly rejected by its best neighbor. Our PM offered more and announced relief of USD 20 million and still Pakistan did not stretch its hand to take it and tried all sorts of methods to avoid taking relief. US went on record instructing Pak to accept the relief. At last, albeit reluctantly, Pak accepted the relief today and our benevolent PM duly offered yet another USD 20 million to Pakistan!
Many people fail to understand the reluctance of Pak in accepting monetary help from India. The fact is Pak has a massive industry to manufacture counterfeit currency of neighboring India’s Rupee Notes of higher denominations and of other advanced countries like US. This industry is so important to Pakistan’s economy which also helps in bridging the massive budgetary deficit of its home grown and military and govt. sponsored terrorist groups. This industry alone provides self-sufficiency to Pak like nothing else.
No wonder India and US failed to understand Pak’s hesitance. Pak’s perception is clear: why accept 20M USD when it can print 20B USD or its equivalent in INR in a single day by burning midnight oil?
Are you not happy that they did not offer aid to India with their efficient machinery?
ReplyDeleteNow that you have mentioned it, I should be particularly happy. According to Reserve Bank of India estimate, the city where I am living has become the main hub in the country which circulates most of Pak made counterfeit currency. If you touch any 500 or 1,000 Rupee note, the chances are a) it is a Pak made b) made in India but not by Govt. Security Press c) it is genuine in that order of diminishing probability.
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