Pak Breaks Indian Monopoly over Vehicle Supply to Lanka

[kbd-raaf]

Can be proved only with the passage of time.But mark my words The GDP won't be less than atleast 28.5trillion pkr by this year june.

as i have given you the IMF source for Indian GDP Growth onwards 2000-2009-10.Even though a growth rate of 7-8% but the actuall Increase in the GDP was more than 15% on average.

Same is happening with pakistan since the past 2 years.Growth rate is less than 4% by the actuall Change in GDP is 10%.

Similar happened with China's GDP

Much delusion.

Very intelligence.

Wow.

 

[gslv mk3]

Pakistan GDP currently in term of PKR is 26-26.3Trillion.

Source?

 

[farhan_9909]

Ashok Leyland U truck!!!!

They have a subsidiary there-Welcome to Lanka Ashok Leyland



Inflation (?)

Your theory has proven wrong.You claimed that GDP per capita of Pakistan is more,which is false.

Indian GDP of being 1.7Trillion is based off your GDP in INR

Interestingly as per an IMF report, name World Economy Outlook published in April 2013, the Indian GDP for the financial year 2012 was $1.8 trillion and was expected to be $1.9 trillion for the financial year ended 2013-2014. Therefore from that perspective the Indian economy has not risen to $ 1.7 trillion but has actually shrunk in dollar terms from $1.8 trillion to $1.7 trillion at a time when it should have been ideally been $1.9 trillion. In terms of rupees, surely the value of the Indian economy has grown up to Rs 105.39 Lakh Crore from Rs 93.88 Lakh Crore in 2012-2013 (Read here).

Read more at: In dollar terms, has the Indian economy grown or shrunk? - News Oneindia

Also Indian Per capita has reduced to 1251$ because of the downward trend of Indian GDP from the past 2 years

However, as per the CSO estimates, India is poised to become a USD 1.7 trillion economy and per capita income will soar by 10.4 percent to Rs 74,920 in 2013-14.

India's economic growth pegged at 4.9% in 2013-14

 

[gslv mk3]

Indian GDP of being 1.7Trillion is based off your GDP in INR
Also Indian Per capita has reduced to 1251$ because of the downward trend of Indian GDP from the past 2 years
India's economic growth pegged at 4.9% in 2013-14

[/quote]

more BS..

 

[farhan_9909]

Source?

The size of Pakistan’s economy stands at Rs26 trillion, while Rs8 trillion is required for the repayment, instead of the rolling over, of matured debts in the current fiscal 2013-14, according to the IMF’s assessment.

Source was already posted

Pakistan needs Rs8trn of GDP to pay off debts: IMF - thenews.com.pk

Pakistan GDP by 2012-13 was 23.3Trillion dollars.By June 2013 it turned to 26-26.3Trillion dollars

Calculation of economic statistics: Pakistan Bureau of Statistics okays change in base year – The Express Tribune

before june 2013,Pak GDP confirmed to be 23.3Trillion dollars by

The current size of the economy, estimated as Rs23.6 trillion in 2012-13, has been calculated keeping the base year as fiscal 2000. Experts say its size will increase after new calculations, which will not only add additional value to this year’s growth rate, but also lower the budget deficit in percentage terms.

Calculation of economic statistics: Pakistan Bureau of Statistics okays change in base year – The Express Tribune

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Ok my indian Economist friends

Tell me how Indian GDP increased from 618Billion dollars to 721Billion dollars within 1 year despite that growth rate in the same period was 7%

This is like a 97Billion dollars increase or 15.5% Increase

Tell me how is this possible?

NOTE:source of IMF already provided for this

 

[Lil Mathew]

Source was already posted

Pakistan needs Rs8trn of GDP to pay off debts: IMF - thenews.com.pk

Pakistan GDP by 2012-13 was 23.3Trillion dollars.By June 2013 it turned to 26-26.3Trillion dollars

Calculation of economic statistics: Pakistan Bureau of Statistics okays change in base year – The Express Tribune

before june 2013,Pak GDP confirmed to be 23.3Trillion dollars by



Calculation of economic statistics: Pakistan Bureau of Statistics okays change in base year – The Express Tribune

------------------------------------------------------------------
==================================


Ok my indian Economist friends

Tell me how Indian GDP increased from 618Billion dollars to 721Billion dollars within 1 year despite that growth rate in the same period was 7%
This is like a 97Billion dollars increase or 15.5% Increase

Tell me how is this possible?

NOTE:source of IMF already provided for this

How many times your govt change the base year.. Last year changed 2012 and suddenly withdrawn after realising your gdp shrunk to 19 bill rupees..

Double-counting: GDP overestimated, may be
slashed by 10%
By Shahbaz Rana
Published: April 29, 2012

Some goods and services were counted twice for
last several years, sources say.
ISLAMABAD:
Pakistan’s economy was reported to stand at
Rs21 trillion this year – except, it may not have
been.
The size of the country’s economy will shrink by
up to Rs2.5 trillion, or roughly 10%, after reports
surfaced that the value of some goods and
services were counted twice in calculation of the
Gross Domestic Product (GDP) for the last several
years.
The ‘correction’ has major implications, and
places a question mark on authenticity of key
economic indicators.
Major ‘correction’
The ‘double-counting’ surfaced after Pakistan
Bureau of Statistics (PBS) rebased the economy,
shifting the base year for calculations from fiscal
1999-00 to 2005-06.
The rebasing has reduced the size of the
economy, earlier assessed to be Rs21 trillion, to
less than Rs19 trillion, said an official of the
finance ministry.
Last year’s GDP has also shrunk by up to Rs1.5
trillion, the official added.
While a top official of National Accounts called it
a “mistake that has been corrected,” the error has
sent the government’s economic managers back
to the drawing board to rework all economic
indicators not just for the next year, but for the
last seven years at least.
The disclosure may also delay the announcement
of next year’s budget as national accounts figures
are used in the Economic Survey of Pakistan and
the Annual Plan for the next fiscal.
The governing council of the PBS is meeting next
week, chaired by the finance minister, to revisit
the national accounts, according to Secretary
Statistics Sohail Ahmad.
Impact of the error
How does this correction torpedo calculations for
the current and projections for the next fiscal?
The budget deficit for the current fiscal, initially
estimated to be around 6.5% of GDP, will soar to
around 9% after the correction, said an official
from the finance ministry.
Last year’s deficit, calculated to be 6.6%, will
increase to about 7.2, the official said. The debt-
to-GDP ratio for the current fiscal, estimated
close to 60% of GDP, will rise to about 70% after
the rebasing, he added.
Defending the ‘correction’
An official of National Accounts said the
department “will not hide mistakes anymore just
to appease the finance ministry.”
Some of the goods and services were counted
twice, and that has been addressed, he said,
citing the example of water supply which was
listed under two separate heads.
“It is better to accept readjusted size with an
implication of a couple of trillions instead of
letting the GDP artificially increase for many more
years,” he added.
Neither officials from the National Accounts, that
works under the Statistics Division, nor the
finance minister or secretary were available for
comments, despite repeated attempt. Finance
Minister Dr Hafeez Shaikh has already asked the
Statistics Division to place its work for ‘review’ in
front of the governing council of the PBS.
Possible ramifications
The error may invoke penalties from International
Monetary Fund (IMF) since all key economic
indicators – like the debt-to-GDP ratio, the
budget deficit and economic growth – were
reported on an inflated GDP size for at least ten
years.
The country entered into three programmes with
the IMF during that period. Though there is no
official confirmation, Pakistan is also negotiating
a fresh programme with the Fund.
Published in The Express Tribune, April 29th ,

 

[farhan_9909]

How many times your govt change the base year.. Last year changed 2012 and suddenly withdrawn after realising your gdp shrunk to 19 bill rupees..

Double-counting: GDP overestimated, may be
slashed by 10%
By Shahbaz Rana
Published: April 29, 2012

Some goods and services were counted twice for
last several years, sources say.
ISLAMABAD:
Pakistan’s economy was reported to stand at
Rs21 trillion this year – except, it may not have
been.
The size of the country’s economy will shrink by
up to Rs2.5 trillion, or roughly 10%, after reports
surfaced that the value of some goods and
services were counted twice in calculation of the
Gross Domestic Product (GDP) for the last several
years.
The ‘correction’ has major implications, and
places a question mark on authenticity of key
economic indicators.
Major ‘correction’
The ‘double-counting’ surfaced after Pakistan
Bureau of Statistics (PBS) rebased the economy,
shifting the base year for calculations from fiscal
1999-00 to 2005-06.
The rebasing has reduced the size of the
economy, earlier assessed to be Rs21 trillion, to
less than Rs19 trillion, said an official of the
finance ministry.
Last year’s GDP has also shrunk by up to Rs1.5
trillion, the official added.
While a top official of National Accounts called it
a “mistake that has been corrected,” the error has
sent the government’s economic managers back
to the drawing board to rework all economic
indicators not just for the next year, but for the
last seven years at least.
The disclosure may also delay the announcement
of next year’s budget as national accounts figures
are used in the Economic Survey of Pakistan and
the Annual Plan for the next fiscal.
The governing council of the PBS is meeting next
week, chaired by the finance minister, to revisit
the national accounts, according to Secretary
Statistics Sohail Ahmad.
Impact of the error
How does this correction torpedo calculations for
the current and projections for the next fiscal?
The budget deficit for the current fiscal, initially
estimated to be around 6.5% of GDP, will soar to
around 9% after the correction, said an official
from the finance ministry.
Last year’s deficit, calculated to be 6.6%, will
increase to about 7.2, the official said. The debt-
to-GDP ratio for the current fiscal, estimated
close to 60% of GDP, will rise to about 70% after
the rebasing, he added.
Defending the ‘correction’
An official of National Accounts said the
department “will not hide mistakes anymore just
to appease the finance ministry.”
Some of the goods and services were counted
twice, and that has been addressed, he said,
citing the example of water supply which was
listed under two separate heads.
“It is better to accept readjusted size with an
implication of a couple of trillions instead of
letting the GDP artificially increase for many more
years,” he added.
Neither officials from the National Accounts, that
works under the Statistics Division, nor the
finance minister or secretary were available for
comments, despite repeated attempt. Finance
Minister Dr Hafeez Shaikh has already asked the
Statistics Division to place its work for ‘review’ in
front of the governing council of the PBS.
Possible ramifications
The error may invoke penalties from International
Monetary Fund (IMF) since all key economic
indicators – like the debt-to-GDP ratio, the
budget deficit and economic growth – were
reported on an inflated GDP size for at least ten
years.
The country entered into three programmes with
the IMF during that period. Though there is no
official confirmation, Pakistan is also negotiating
a fresh programme with the Fund.
Published in The Express Tribune, April 29th ,

These are just mere journalists.

They will accuse the country even if it is growing with double digits.This is what media is for.

The rest is we only wasting our time.Why not wait a few more months to prove my claim of atleast(Minimum) more than 28Trilllion GDP in PKR term

NOTE:Their is speculation that PKR might be reduced to even 95 before june this year.This will further push it way beyond the targets

 

[Comrade]

claims claims and claims...

Can you follow the links, don't u have a tool called mouse attached.


more BS..[/quote]
It seems that you guys are totally pissed off by your media, the give link contains your own source man. please

 

[Reviewer21]

Indian GDP of being 1.7Trillion is based off your GDP in INR

Sorry i meant 1.75Trillion dollars by next year.

Your own post : Pak Breaks Indian Monopoly over Vehicle Supply to Lanka | Page 12
According to wikipedia in year 2012 India's nominal GDP = $1.824 trillion
Economy of India - Wikipedia, the free encyclopedia

Reduced to 1.7trillion dollars

Reduced to? Wikipedia shows the Growth in India's GDP was 4.8% then how come it can reduce???
Economy of India - Wikipedia, the free encyclopedia

 

[farhan_9909]

Your own post : Pak Breaks Indian Monopoly over Vehicle Supply to Lanka | Page 12
According to wikipedia in year 2012 India's nominal GDP = $1.824 trillion
Economy of India - Wikipedia, the free encyclopedia


Reduced to? Wikipedia shows the Growth in India's GDP was 4.8% then how come it can reduce???
Economy of India - Wikipedia, the free encyclopedia

So what is wrong,I have just quoted IMF figures

 

[Reviewer21]

So what is wrong,I have just quoted IMF figures

And i am asking if growth is still there, how can something reduce, the growth amount can reduce but not the total amount. Source: Common sense.

 

[farhan_9909]

And i am asking if growth is still there, how can something reduce, the growth amount can reduce but not the total amount. Source: Common sense.

Well it was because of rupee depreciation of more than 10rupees against a dollar within a year

 

[Reviewer21]

Well it was because of rupee depreciation of more than 10rupees against a dollar within a year

The total calculation is based on dollar, so there is no role of INR in it..

 

[farhan_9909]

The total calculation is based on dollar, so there is no role of INR in it..

Since we are talking about nominal GDP.

THe GDP in INR is converted into Dollars.

 

[Reviewer21]

Since we are talking about nominal GDP.

THe GDP in INR is converted into Dollars.

Wikipedia never takes INR into Consideration and the percent growth is also done on Dollar. So how come any Change in INR value can effect the GDP calculation?