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$200b economy club beckons BD this fiscal

What's so wrong with that? I'm sure many Pakistani businesses would kill to get similar access to a rapidly expanding market of 1.3 billion people.
The problem is politics. We've seen what happens with Nepal, when India doesn't get what it wants. Not just that, but if BD has to rely on a foreign nation for trade with other nations, that automatically limits BD's economic growth.
 
I wish Pakistan well but it is almost inevitable that BD will be larger within a decade than Pakistan in overall GDP.
Pakistan has no ability soon to grow anymore than 4-5% while BD hits 7% plus.

However, Pakistan is likely over the long term to again catch up and overtake BD due to it's
much more massive natural resources and close alliance with China.

It is good for Pakistan that it can focus on BD as a target as that will help it to grow it's economy better
than otherwise.
While I wish both country the best of luck and good health, I must again say, statistics prove that Bangladesh is unlikely to catch up to Pakistan anytime soon. Infact, the only way for BD to cover Pakistan's 70 billion dollar lead within a few years is if Pakistan stops growing (0%). Not to mention that IMF statistics show that Pakistan's lead is only going to grow.

The assertion that Pakistan won't have the ability to grow passed the 4-5% mark, is actually the complete opposite from the truth. Pakistan is actually on the verge of hitting 6% growth, which the IMF predicts will happen by FY 2017-18, and 7-8% by FY 2019-20.

I will repeat myself one last time, the gap between Pakistan and BD is going to grow, not shrink.

http://statisticstimes.com/economy/projected-world-gdp-ranking.php

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Forgive me, if I don't make sense, or can't get my point across. I have the flu right now, so :(

I feel as if people don't seem to understand how economic growth is calculated, or even how to use simple math to do basic calcuations. Percentages, and totals alone can be extremely misleading, and need to be contextualized.

BD grew from a $194 billion to $202 billion with 6.55% growth; in real terms, that's a growth of $8 billion. Pakistan grew from $247 billion to $271 billion with only a 4.5% growth rate; in real terms, that's a growth of $24 billion. But without context, these statistics are worthless. Why? because a higher GDP will result in a higher growth number, which is a misleading way to measure a country's health.

A higher growth rate doesn't mean a nation is making major strides in development as compared to other countries, and the same goes for over all total gdp growth numbers.

A simple example, The Canadian growth rate was 2.4% in 2014, which is actually a decently healthy number, and shows that Canada was doing well. Does that mean BD is going to do better than Canada anytime soon? Or that BD's 7% growth rate will allow BD to overtake Canada's near 2 trillion GDP soon? No it doesn't.

Likewise, China's GDP most recent growth rate was 6.9%, lower than the 7.5% it needs, which is actually BAD for China's economy. It shows a slowdown in China's economy, meaning that China is losing jobs, and it's exports are falling. A recent report said that China is going to fire 1.8 million people, simply because it doesn't have the money or jobs to keep them employed in their current workplaces. That's WITH a 6.9% growth rate.

With Pakistan? Pakistan needs a 6.5% growth, in order for it's economy to rapidly accelerate, and it is going to happen within the next 2 years. Pakistan went from a 3.5% growth a few years ago, to 5% growth today, meaning that Pakistan's economy is not only recovering, but is almost completely back on track. Meanwhile, BD's economy needs 7-8% growth, in order for it to experience rapid growth.

My point is, don't get hung up on a single percentage, you need to put things into perspective. Comparing GDP percentages is not a good thing, because every country has different requirements for rapid growth. And as countries get richer, that percentage is inevitably going to start getting less and less, especially if they're export countries transitioning into mainly consumerism.
 
Not really, BD's problem is that it almost exclusively relies on India. It's relationship with other nations, except for China, is almost negligible.

From what I know, and I could be wrong here, around 30-40% of trade that bd does with the rest of the world, goes through India. This makes BD subject to India's wishes and whim, similar to Nepal.

As for bd passing Pakistan? Like I have SHOWN THROUGH IMF STATISTICS, that is unlikely to happen. In fact, the gap is going to get slightly wider between Pakistan and BD.

Dont try to portray that BD is something like Nepal or Bhutan to satisfy your patriotic zeal. Check out trade of BD with all major countries.

Bangladesh US trade relation $7b
http://en.prothom-alo.com/economy/news/96799/Bangladesh-US-trade-increases-8.5%-past-year

Bangladesh Germany $4b
http://bdnews24.com/business/2013/03/30/bangladesh-germany-trade-reaches-4bn

Bangladesh UK $4b
http://www.dhakachamber.com/Bilateral/UK.pdf

Bangladesh-Canada, France, Japan, S Korea, Malayasia, Indonesia, Singapore all ranges around $2b mark
http://www.dhakachamber.com/Bilateral/Canada.pdf
http://www.dhakachamber.com/Bilateral/France.pdf
http://www.dhakachamber.com/Bilateral/Japan-Bangladesh Bilateral Trade Statistics.pdf
http://www.dhakachamber.com/Bilateral/S. Korea-Bangladesh Bilateral Trade Statistics.pdf
http://www.dhakachamber.com/Bilateral/Malaysia-Bangladesh Bilateral Trade Statistics.pdf
http://www.dhakachamber.com/Bilateral/Indonesia-Bangladesh Bilateral Trade Statistics.pdf
http://www.dhakachamber.com/Bilateral/Singapore-Bangladesh Bilateral Trade Statistics.pdf

And many over $1b mark such as Russia, Italy,Turkey, Australia, Thailand, Kuwait
 
Patriotic zeal? What in the hell are you talking about? I don't even identify myself as a Pakistani on PDF, and only show my background flag out of transparency.

Your post literally doesn't prove me wrong. All you're doing is presenting numbers without actually addressing my point.

Fyi, I'm also known for constantly ridiculing Pakistan's geopolitical standing. It's gotten me in trouble with a few members on here, who accuse me of being some sort of "traitor".
 
Your post literally doesn't prove me wrong. All you're doing is presenting numbers without actually addressing my point.

Your point is BD exclusively rely on India because of its trade relation of $7b. Besides China also $7b. I showed you full picture that BD is hooked up with all the countries. Not necessarily on a definite partisan.
 
Your point is BD exclusively rely on India because of its trade relation of $7b. Besides China also $7b. I showed you full picture that BD is hooked up with all the countries. Not necessarily on a definite partisan.
I never said BD exclusively relies on India, who would even make that argument? BD can simply trade through sea route and avoid India altogether.

Almost exclusively isn't the same thing as exclusively. There is no doubt that BD's land trade mainly goes through India, and BD has little choice in the matter. You can't deny that.

I think you need to re-read my comments.
 
Well done Bangladesh. I think BD will overtake Pakistan short of something terrible happening. The reason is BD has addressed structural issues. It has moved away from getted mired in religious and sectarian quagmire which scares foreign investors. It has addressed fundamentals like education, health and other human indices including population growth.

It has developed and carved a very successful niche in international trade in particular the roaring garment industry at which it has gained world expertise. This can and will go up the value chain.

In contrast Pakistan has no real industry to speak off. The only and I mean the only real industry and the secret of Pakistan is exporting migrant workers. That is what Pakistan lives on. Have a look at the stats. We have a parasite economy that leaches off the remittances. The money earned abroad is what keeps the country afloat and which fuels the domestic monopolistic franchises that leach the consumer inside Pakistan. PIA is classic example of this.

I'd have thought Shaheen Air and AirBlue are putting up a nice fight with PIA but airline business is a tough business, especially when national airlines like PIA and BIMAN are subsidized so heavily.

Unskilled labour/manpower business and their transport are also big businesses in Bangladesh.

Some people have made billions of dollars in the process locally exporting manpower. Yet their background and lifestyle are almost comical. See the slogans below.....for 'PRINCE MOOSA'.....my eyes are truly hurting and starting to water now.....Rest in peace Calvin Klein and all the Italian/French haute couture designers.

The founder of DATKO group, Musa Bin Shamsher has so far earned one and a half billion dollars from his immigration business. He is the richest person among money makers in Bangladesh. Musa is also known as Prince Musa in Bangladesh.

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MUSA_Bin_banglanews24_608482182.jpg
 
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I never said BD exclusively relies on India, who would even make that argument? BD can simply trade through sea route and avoid India altogether.

Almost exclusively isn't the same thing as exclusively. There is no doubt that BD's land trade mainly goes through India, and BD has little choice in the matter. You can't deny that.

I think you need to re-read my comments.

There is not much left in India except India to trade with other countries to trade through their land. Our trade some cases dependent on Singapore and thats all. And almost exclusively is close to exclusively I got your point well.
 
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:lol There is not much left in India except India to trade with other countries to trade through their land. Our trade some cases dependent on Singapore and thats all. And almost exclusively is close to exclusively I got your point well.
I don't think you did get my point. Also, it's hard to understand what you're saying. It might be my flu, but can you please rewrite this comment?
 
There is no doubt that BD's land trade mainly goes through India, and BD has little choice in the matter. You can't deny that.

Being surrounded by India on three sides leaves precious other options.

Of course the fourth side is the sea lane and that is used quite heavily as well.
 
Being surrounded by India on three sides leaves precious other options.

Of course the fourth side is the sea lane and that is used quite heavily as well.
Of course. I don't want to give the impression that I'm blaming BD for it's situation, I'm not. You play with the cards dealt to you, no matter how bad.
 
I don't think you did get my point. Also, it's hard to understand what you're saying. It might be my flu, but can you please rewrite this comment?

We cant trade with any other countries except India by using their(India) land. Only negligible amount with Nepal and Bhutan.
 
I'd have thought Shaheen Air and AirBlue are putting up a nice fight with PIA but airline

They are but that does not detract from the lecharious business class in Pakistan. What they do is let the poor go abroad. Work and send money back to Pakistan. Then they use "monopoly or licence raj" to milch the remittance money. Example. All ex pat Pakistan visit. They use monoploy to force them to use PIA. The fares are robbery. I mean it is almost 50% ticket from New York to London compared to Islamabad. Or why not see what Ryan Air charge from London to Istanbul which is about 45% of the distance to Islamabad but the ticket is like 20% of PIA ticket.

Whereas all these other airlines use new jets, expensive pilots, expensive aircrew, expensive air maintenace because they pay their employees first world salaries in $$$ or £££ yet after all this their tickets are still cheaper. Then the final miracle is they make huge profits. PIA on other hand loses money every year and maybe billion dollar is doled out yearly to kep it solvent. Can you imagine that. PIA has lower salaries but higher air tickets and instead of making giant profit it loses money. This is immoral as that billion could be used to help the poor in Pakistan.

In this very forum I lauded the Pak government welfare scheme (BISP) and I had all these runts lecturing me about this being wrong. Of course they had problem with the state distributing money to the poor and needy.

But PIA is like giant welfare service for the employees. There are like 1000 employees for each plane PIA has which makes me wonder what do they all do. Sit and around and twitch their fingers? Yet all of them draw handsome salaries. Of course no runt has problem with this perverse welfare scheme involving billions in public money be distributed to the urbanites in big cities like Karachi. I saw all the employees demonstrating because of the intended privatization plans of the government. All this is fine. Handing money to the poor of course is sin.

I guess what I am saying is remittances feed a consumer economy which the establishment in Pakistan in cahouts with a parasite business class just feed off. It's that simple.
 
I'd have thought Shaheen Air and AirBlue are putting up a nice fight with PIA but airline business is a tough business, especially when national airlines like PIA and BIMAN are subsidized so heavily.

Unskilled labour/manpower business and their transport are also big businesses in Bangladesh.

Some people have made billions of dollars in the process locally exporting manpower. Yet their background and lifestyle are almost comical. See the slogans below.....for 'PRINCE MOOSA'.....my eyes are truly hurting and starting to water now.....Rest in peace Calvin Klein and all the Italian/French haute couture designers.

The founder of DATKO group, Musa Bin Shamsher has so far earned one and a half billion dollars from his immigration business. He is the richest person among money makers in Bangladesh. Musa is also known as Prince Musa in Bangladesh.

Cover-Final.jpg
MUSA_Bin_banglanews24_608482182.jpg

He looks like one of the famous Comedian from Andra Pradesh who appears in Every South Indian Movie
I can't remember his name but I am sure some other poster will see an uncanny resemblance
 
They are but that does not detract from the lecharious business class in Pakistan. What they do is let the poor go abroad. Work and send money back to Pakistan. Then they use "monopoly or licence raj" to milch the remittance money. Example. All ex pat Pakistan visit. They use monoploy to force them to use PIA. The fares are robbery. I mean it is almost 50% ticket from New York to London compared to Islamabad. Or why not see what Ryan Air charge from London to Istanbul which is about 45% of the distance to Islamabad but the ticket is like 20% of PIA ticket.

Whereas all these other airlines use new jets, expensive pilots, expensive aircrew, expensive air maintenace because they pay their employees first world salaries in $$$ or £££ yet after all this their tickets are still cheaper. Then the final miracle is they make huge profits. PIA on other hand loses money every year and maybe billion dollar is doled out yearly to kep it solvent. Can you imagine that. PIA has lower salaries but higher air tickets and instead of making giant profit it loses money. This is immoral as that billion could be used to help the poor in Pakistan.

In this very forum I lauded the Pak government welfare scheme (BISP) and I had all these runts lecturing me about this being wrong. Of course they had problem with the state distributing money to the poor and needy.

But PIA is like giant welfare service for the employees. There are like 1000 employees for each plane PIA has which makes me wonder what do they all do. Sit and around and twitch their fingers? Yet all of them draw handsome salaries. Of course no runt has problem with this perverse welfare scheme involving billions in public money be distributed to the urbanites in big cities like Karachi. I saw all the employees demonstrating because of the intended privatization plans of the government. All this is fine. Handing money to the poor of course is sin.

I guess what I am saying is remittances feed a consumer economy which the establishment in Pakistan in cahouts with a parasite business class just feed off. It's that simple.

The day when you can run a massive charity like this (1000 person per aircraft) is over. Only in Pakistan and Bangladesh can these exist. Biman used to be quite bad and probably still is. There were rumblings back in 2007 that the airline would be turned into a private entity by the Govt. but the movement was resisted by powerful vested quarters who gained massive benefits from it by being a charity for inept and lazy workers. Ground handling should have been given to DNATA many years ago but the unions have persisted to keep things in-house.

Currently (as of 2015) the manpower-to-aircraft ratio at Biman is 380 employees per aircraft which is still too high. British Airways runs the airline with about 120 persons per aircraft.

Two experienced airline CEOs (industry veterans) were recently retained who have succeeded in bringing some order into the airline by enticing inefficient former employees to move on with golden handshakes etc.

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Kevin Steele

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Kyle Haywood (CEO as of 2016)
 

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