Govnt to target 7% GDP growth rate by 2015

[HariPrasad]

Very good news but keep inflation under control because 7% GDP growth with 15% inflation is actually a negative growth in real term.

 

[Fracker]

Not sustainable.. Mushi got debt relief which were instantly diverted to ADP, and you got FDI when USA economy was not faring well. Now even India is struggling to stop flight of FDI from their economy as FFI's are going back to USA for investment. Besides you are running on huge current account deficit and your ratings are not that good. You also almost exhausted IMF and WB. Even though sound harsh but getting even 6% growth rate for PK at this current scenario will be a miracle. India is facing the same scenario now as both India and PK followed the same economic policy and concluded the same result.

Did you manage to check Karachi Stock Exchange? What happen? Just in 5 months stock exchange grow more then 250%. Of course there was investment came. But this gives positive signs to investors. And if some how Energy Crisis is controlled. This investment will certainly grow. There is another major factor which is Sino-Pak, Qatar-Pak, KSA-Pak projects in the loop. Which will bring more investments into the country. And with 10-13% Savings, and Tax collection increasing by 50%, 7% is achievable. Not by 2015, But by 2016, certainly is. The only issue would be to keep up with this momentum. And not loss the hope in between.

Things are majorly dependent upon Energy Crisis, and Security issues. Energy problems looking very positive signs.