Dar projects robust economic growth

[ajpirzada]

Major industries have already installed their own power plants at least for industries in Sindh -Assuming KPK and Balochistan don't have a significant industrial base- the energy is not a problem. The small industries- which actually suffer from circular debt being dependent upon national grid- don't have any documentation of their financials.So banks prefer to Park money at comfortable rates offered by PIBs/MTBs rather than taking exposure on undocumented businesses.

so large scale manufacturing (LSM) growth has slowed from 6.3% (Q1 FY-2013-14) to 2% (Q1 FY-2014-15) because of lack of credit absorption? note that circular debt during this period increased from 0 to more than 400bn.

Credit might have contributed but i find the energy shortage to be the main reason. Im very skeptical that LSM factories make their own electricity and are not effected by energy shortages (gas and electricity). Do you have any data?

 

[ziaulislam]

Growth rate for N first year was 4.1%. On going year is 2nd.

the 3.6 is more likely growth not the 4.1