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Economic crisis: Pakistanis spent Rs67.607b on mobiles, tea, cars

Usman7290

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By Usman Ahmed

Despite poor economic conditions in the country, Pakistanis used mobile phones, tea and motorcars worth Rs32.962 billion, Rs17.454 billion, and Rs17.191 billion, respectively, during the first six months of the current fiscal year (2012-2013), according to the Pakistan Bureau of Statistics (PBS).

The PBS figures revealed that the country imported food stuff worth $2.157 billion during the first half (July-December) of the year 2012-13. The break-up of $2.157 billion revealed that import bill of milk products was up by 3.20 per cent, dry fruits and nuts 1.02 percent, import of tea increased by 6.46 percent, import of spices decreased by 30.06 percent, soyabean oil’s imports went up by 26.47 percent, palm oil import decreased by 18.92 percent, sugar import declined by 78 percent, import of pulses went down by 12.76 percent and import of all other food items decreased by 24.80 percent during the period under review.

Meanwhile, according to PBS figures, the country imported machinery worth of $2.907 billion. Transport group imports stood at $951 million, textile group $1.115 billion, agricultural and other chemicals $3.136 billion, metal group $1.529 billion, miscellaneous group imports were recorded at $402 million and all other items imports remained $2.026 billion during July-December period of 2012-13 against July-December period of 2011-12. It is worth mentioning here that Pakistan’s overall imports were recorded to $21.922 billion in July-December period of ongoing financial year as compared to $22.678 billion of the corresponding period last year.

The food exports of the country during first half of financial year 2012-13 increased by 4.82 percent as compared to same period of last year. The exports of overall food group were recorded at $2.054 million during July-December (2012-13) against the exports of $1.959 million during July-December (2011-12).

According to PBS data, the food exports from the country on month on month basis also increased by 14.34 percent and 18.01 percent during December 2012 when compared with December 2011 and November 2012, respectively. The food exports increased from $384.493 million in December 2011 and $374.465 million in November 2012 to $441.923 million in December 2012.

The major food items which recorded increase in their exports during the first six months of current financial year over same period of last year include sugar (100 percent), meat and meat preparations (43.74 percent), fish and fish preparations (2.64 percent), vegetables (38.28 percent), spices (25.07 percent), oil seeds, nuts and kernels (41.6 percent) and all other food items (17.31 percent).

Similarly the food items which recorded decrease in their exports include rice (12.33 percent), fruits (1.77 percent), pulses (56.68 percent), tobacco (40.91 percent) and wheat (61.49 percent). The overall exports from the country witnessed growth of 7.58 percent during the period July-December (2012-13) as compared to same period of last year. Exports from the country during July-December (2012-13) were recorded at $12.0513 billion against the exports of US$ 11.201 billion during the same period of last year.
 
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According to a survey, 3.7 per cent GDP growth has been achieved in the outgoing fiscal year against previous year’s target of 4.2 per cent. Meanwhile, the GDP growth target for the upcoming year will be set at 4.3 per cent, and fiscal deficit has been targeted at 4.7 per cent of GDP.

So that's not bad at all. Seems things are looking up! :tup:
 
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80% of mobiles and tea come from india... not through proper channels but under the guise of transit.
 
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So rich people are spending....and poor numbers are growing
 
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According to a survey, 3.7 per cent GDP growth has been achieved in the outgoing fiscal year against previous year’s target of 4.2 per cent. Meanwhile, the GDP growth target for the upcoming year will be set at 4.3 per cent, and fiscal deficit has been targeted at 4.7 per cent of GDP.

So that's not bad at all. Seems things are looking up! :tup:

Do you know Pakistan, the second largest economy in South Asia, is clubbed with Nepal that has the economic growth projection of 3.8 percent. Even Sri Lanka at 6.1 percent and Bangladesh at 5.8 percent are projected to hit growth rates far higher than that of Pakistan.
 
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All industry of Pakistan is being systematically killed by the current regime.

Pakistan has been made into a consumer market driven by Pakistanis earning in Dubai and Saudi Arabia.
 
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Do you know Pakistan, the second largest economy in South Asia, is clubbed with Nepal that has the economic growth projection of 3.8 percent. Even Sri Lanka at 6.1 percent and Bangladesh at 5.8 percent are projected to hit growth rates far higher than that of Pakistan.

Are they nations at war that concurrently are mismanaged and faced 2 biblical floods within a year apart?

It's amazing we are growing at all under this incompetent govt.

By the way, nobody discusses the informal sector. If they did, they'd have 50% of the "mystery" solved
 
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Are they nations at war that concurrently are mismanaged and faced 2 biblical floods within a year apart?

It's amazing we are growing at all under this incompetent govt.

By the way, nobody discusses the informal sector. If they did, they'd have 50% of the "mystery" solved

The huge informal sector itself is a sign of incompetence huge economic mismanagement.Most of the Pakistan's economic woes are self inflicted.
 
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Are they nations at war that concurrently are mismanaged and faced 2 biblical floods within a year apart?

It's amazing we are growing at all under this incompetent govt.

By the way, nobody discusses the informal sector. If they did, they'd have 50% of the "mystery" solved

When Pakistan was not in war....and ...when Pakistan will not be in war...:D
 
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