Pakistan-Bangladesh trade volume to soon touch $1bn: envoy

[N.Siddiqui]

As for motorcycles, BD discourages personal transportation with high import taxes as BD wants people to travel by public transport as it is such a densely populated country.

LOL!!! 80% of the motorcycles are assembled in BD, and the industry provides jobs to millions and to local vendors. So you're alluding that BD discourages the local Bike vendors and assemblers who are prospective job providers. Strange illogical logic....

And public transport is horrendous in BD, so it encourages private owners of cycle rickshaws and not bikes which can be commercially used.

 

[_NOBODY_]

BD is likely to be on the lower end of that side but it will be much closer to the technologically advanced Muslim countries than Arabs/Pakistan for sure.

It is fundamentally a consequence of the different cultures between the two sides that will play out to mid-century.

Bangladesh will never even come close to the technological prowess of the Arab UAE. Dubai is the number one destination for FDI in the AI and robotics sectors in the world. UAE will very soon be rivalling Turkey in tech.

 

[N.Siddiqui]

Good to see but please come back when Pakistan can do this for 10 years straight. It is still 4% per capita growth though as population growth is 2%.

For reference BD logged an average of 6% per capita annual growth in the 2010s.

This decade all major forecasters are predicting 6% again for BD but I think 7% is more realistic if the world economy quickly recovers from the current difficulties.

Nobody can predict the future, with big infra projects all started with foreign loans, public sector transport projects doesn't gives any returns, so huge debt trap in future.

Bangladesh may face problems in external debt servicing: Debapriya

Bangladesh will no longer be in comfort zone in terms of debt servicing from the fiscal year 2024-2025 as grace period of several foreign loans would expire by this time, said Centre for Policy Dialogue distinguished fellow...

www.newagebd.net

 

[UKBengali]

Oh, you change the goalpost selectively, talking about hypocrisy.

Pakistan logs 6% growth in FY22, economy's size jumps to $383 billion​

Pakistan logs 6% growth in FY22, economy's size jumps to $383 billion

The provisional GDP growth rate for the year 2021-22 is estimated at 5.97 per cent, announced the Planning Ministry after a meeting of the National Accounts Committee

www.business-standard.com

Good to see but please come back when Pakistan can do this for 10 years straight. It is still 4% per capita growth though as population growth is 2%.

For reference BD logged an average of 6% per capita annual growth in the 2010s.

This decade all major forecasters are predicting 6% again for BD but I think 7% is more realistic if the world economy quickly recovers from the current difficulties.

LOL!!! 80% of the motorcycles is assembled in BD, and the industry provides jobs to millions and to local vendors. So you're alluding that BD discourages th local Bike vendors and assemblers who are prospective job providers. Strange illogical logic....

And public transport is horrendous in BD, so it encourages private owners of cycle rickshaws and not bikes which can be commercially used.


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View attachment 854893

As well as discouraging private motorvehicle usage, it(BD) also wants to keep import costs of oil down.

Rickshaws are public transport and so different case. This can provide transport services to thousands of people a year whereas a private motorvehicle will only be used by a handful of poeople a year.

BD will likely phase out all non-morised Rickshaws by the end of this decade.


For reference BD spent around 6 billion US dollars on oil imports last fiscal compared to around 18 billion US dollars for Pakistan. This has a massive hit on the forex reserves of Pakistan which is just 10 billion US dollars but BD is holding steading at between 40-50 billion US dollars over the last 1-2 years.

Nobody can predict the future, with big infra projects all started with foreign loans, public sector transport projects doesn't gives any returns, so huge debt trap in future.

Bangladesh may face problems in external debt servicing: Debapriya

Bangladesh will no longer be in comfort zone in terms of debt servicing from the fiscal year 2024-2025 as grace period of several foreign loans would expire by this time, said Centre for Policy Dialogue distinguished fellow...

www.newagebd.net

Do you understand basic economics?

BD has by far the lowest external debt to gdp ratio in S Asia by some distance and it is expected to peak mid-decade and then start a gentle fall.


These projects are required to connect the country and supply power in order to keep the economic growth show on the road.

No country can develop without good public infrastructure as factories need power to run their machines and roads, bridges and ports to both import raw materials and transport the finished goods out.

Bangladesh will never even come close to the technological prowess of the Arab UAE. Dubai is the number one destination for FDI in the AI and robotics sectors in the world. UAE will very soon be rivalling Turkey in tech.

FDI has never allowed a country to be anymore than "middle-income".


No foriegn company hands over their core tech to you. You need to develop it yourself.


Look at cases like Thailand that have had high FDI.

 

[Wood]

@lastofthepatriots @KaiserX @Khan_21 You guys have no idea just how damn undocumented our economy is. An average sabzi wala in Lahore makes a profit of more than 100k rupees a month and hardly pays any tax. In my village in Toba Tek Singh, almost everyone is well off, these people are getting plus 300k rupees from remittances alone. Also, note that these remittances that are coming to my village are mostly from uneducated workers living in the Middle East.

Undocumented economy is a feature of most developing countries that have low per capita income. Both India and Pakistan have been estimated to have about 50% of the economy undocumented. Bangladesh will likely be the same.

 

[N.Siddiqui]

Good to see but please come back when Pakistan can do this for 10 years straight. It is still 4% per capita growth though as population growth is 2%.

For reference BD logged an average of 6% per capita annual growth in the 2010s.

This decade all major forecasters are predicting 6% again for BD but I think 7% is more realistic if the world economy quickly recovers from the current difficulties.




As well as discouraging private motorvehicle usage, it(BD) also wants to keep import costs of oil down.

Rickshaws are public transport and so different case. This can provide transport services to thousands of people a year whereas a private motorvehicle will only be used by a handful of poeople a year.

BD will likely phase out all non-morised Rickshaws by the end of this decade.


For reference BD spent around 6 billion US dollars on oil imports last fiscal compared to around 18 billion US dollars for Pakistan. This has a massive hit on the forex reserves of Pakistan which is just 10 billion US dollars but BD is holding steading at between 40-50 billion US dollars over the last 1-2 years.

Home appliances also consumes electricity which costs BD a leg and an Arm, Adani is reaping the profits in billions.

Gas stoves and water heaters also consumes natural gas which BD has in short supply, so these need to be curbed and sales discouraged as per your logic.

Your excuses for low sales of Bikes, which is a lower middle mode of transport is amusing, if not lame. You cannot provide public transport to small villages and gaons, which BD has in abundance.

In Pakistan the largest sales of motorcycles are in small villages, in BD this is on the lower side with no public transport, about 10 times more bike sales in Pakistan than in BD.

 

[Homo Sapiens]

and so best to get to the reality and that is Pakistan as a supplier of raw material and foodstuffs to BD as it transitions to middle-income status over the next 10-15 years.

Pakistan itself will become a big food importer in coming years. It has runaway population growth thanks to pathetic level of family planning, female education and employment. If no rapid improvement happen in curving population growth it will balooned into half a billion by 2050.

Even rapid improvement will propel it towards 400 million. This is in addition of declining Indus water flow due to melting glaciers in Himalayas. Unlike Bangladesh which get plenty of rainfall for rainfed agriculture, Pakistan's agriculture is mostly dependent on Indus water irrigation. Without Indus water a lot of current fertile land in Pakistan will return back to it's natural arid condition. So, it is a double whammy. In one side a burgeoning population growth eating away any surplus on the other hand reduced water for agriculture and growing pressure of people on agricultural land. Pakistan is already a net food importer. It will only worsen as year passes. Pakistan has no utility for Bangladesh other than perhaps some cotton imports. I do not see any flourishing trade between this two countries in coming years. let them remain in bubble, we need to concentrate on improving ourselves.

 

[UKBengali]

Home appliances also consumes electricity which costs BD a leg and an Arm, Adani is reaping the profits in billions.

Gas stoves and water heaters also consumes natural gas which BD has in short supply, so these need to be curbed and sales discouraged as per your logic.

Your excuses for low sales of Bikes, which is a lower middle mode of transport is amusing, if not lame. You cannot provide public transport to small villages and gaons, which BD has in abundance.

In Pakistan the largest sales of motorcycles are in small villages, in BD this is on the lower side with no public transport, about 10 times more bike sales in Pakistan than in BD.

BD has plenty of other options like rivers for transportation that Pakistan which is a much drier country does not have.

We know that BD people have money as the consumer electronics and home appliance market in 2022 is worth around 20 billion US dollars in comparison to 15 billion US dollars in 2022.

That is a 30% larger market for 25% less population.

Let us go back to Walton as it seems to even do transportation:

A e-bike would cost around 100,000 Taka which is 1100 US dollars. In Pakistan you would pay just 82,000 Rupees which is just 400 US dollars.

Now can you see why far less bikes are sold in BD? It costs around 3 times more to buy one as opposed to in Pakistan.

Pakistan itself will become a big food importer in coming years. It has runaway population growth thatnks to pathetic level of family planning, female education and employment. If no rapid improvement happen in curving population growth it may balooned into half a billion by 2050.

Even rapid improvement will propel it towards 400 million. This is in addition of declining Indus water flow due to melting glaciers in Himalayas. Unlike Bangladesh which get plenty of rainfall for rainfed agriculture, Pakistan's agriculture is mostly dependent on Indus water irrigation. Without Indus water a lot of current fertile land in Pakistan will return back to it's arid condition. So, it is a double whammy. In one side a burgeoning population growth eating away any surplus on the other hand reduced water for agriculture and growing pressure of people on agricultural land. Pakistan is already a net food importer. It will only worsen as year passes. Pakistan has no utility for Bangladesh other than perhaps some cotton imports. I do not see any flourishing trade between this two countries in coming years. let them remain in bubble, we need to concentrate on improving ourselves only.

Good post and I was trying to be optimistic.


I think there are some niche areas like in fruits etc where Pakistan can potentially get very good prices from an ever more larger BD market as the consumer class rises with high economic growth. Pakistan would also have some opportunities in meat like sheep and beef that maybe they themselves cannot consume enough of.

It does require an increase in the technological level and efficiency of their food production industries.

 

[N.Siddiqui]

A e-bike would cost around 100,000 Taka which is 1100 US dollars. In Pakistan you would pay just 82,000 Rupees which is just 400 US dollars.

Now can you see why far less bikes are sold in BD? It costs around 3 times more to buy one as opposed to in Pakistan.

It is about economy of scales which BD hasn't got in Bikes and Cars, plus others.

No car company will start manufacturing/assembly in BD with yearly sales of around 25,000 cars per year for whole of BD.

Pak Suzuki yearly sales is around 80,000 cars/vehicles. And with the new players with dozens of Chinese companies car sales in Pakistan is reaching about 0.5 million in next 3-4 years.

 

[UKBengali]

It is about economy of scales which BD hasn't got in Bikes and Cars, plus others.

No car company will start manufacturing/assembly in BD with yearly sales of around 25,000 cars per year for whole of BD.

Pak Suzuki yearly sales is around 80,000 cars/vehicles. And with the new players with dozens of Chinese companies car sales in Pakistan is reaching about 0.5 million in next 3-4 years.

No 45% tax even for assemblers like I said before.

Like I said BD does not want mass private vehicle ownership as it is too densely populated.

There simply is not the road space available for these vehicles to drive in.

Why can you not understand that simple point?

In areas where there is a level playing field(TVs, fridges etc) BD buys stuff now at around twice the per capita level as in Pakistan.

 

[_NOBODY_]

FDI has never allowed a country to be anymore than "middle-income".


No foriegn company hands over their core tech to you. You need to develop it yourself.


Look at cases like Thailand that have had high FDI.

First of all the UAE is one of the top 10 richest countries in the world. UAE startups raised $1.2 billion in 2021 whereas your mighty Bangladesh's startups raised a measly $200 million which is even less than the $350 million that Pakistani startups raised in 2021 despite being on the FATF grey list and you have the audacity to say that little Bangladesh is more advance than all Arab countries.

Boasting about the size of your “black economy”?

Even if it was true does not allow you to pay your debt or import essentials.

Both requires hard currency - only earned through exports/remittance/investment/repatriation of profits.

No one is boasting about the size of their black economy. We all want our black economy to be documented to reduce tax evasion.

 

[UKBengali]

First of all the UAE is one of the top 10 richest countries in the world. UAE startups raised $1.2 billion in 2021 whereas your mighty Bangladesh's startups raised a measly $200 million which is even less than the $350 million that Pakistani startups raised in 2021 despite being on the FATF grey list and you have the audacity to say that little Bangladesh is more advance than all Arab countries.


No one is boasting about the size of their black economy. We all want our black economy to be documented to reduce tax evasion.

Take away the oil and gas and Gulf Arabs would be like sub-Saharan Africa.

BD may not be that advanced but it designs and manufactures it’s own 4K TVs and that is more than any county in S Asia does right now.

 

[_NOBODY_]

Take away the oil and gas and Gulf Arabs would be like sub-Saharan Africa.

BD may not be that advanced but it designs and manufactures it’s own 4K TVs and that is more than any county in S Asia does right now.

Great, no one outside Bangladesh gives a damn about your TVs. Less than 30% of UAE's GDP is composed of oil revenue. The non-oil sectors contribute to around 72% of the UAE's GDP and this percentage continues to increase every single year. The UAE also has a successful and rapidly growing space program. If you think that the Arabs are a joke then why are your fellow countrymen dying to go there for work? Yes, oil wealth gave them a lot of money very quickly but it is how they use this wealth is what actually matters. @Wood This clown believes that manufacturing TVs makes Bangladesh more advanced than both Pakistan and India. Both Pakistan and India design and manufacture their own high-tech missiles, aircrafts and UCAVs so going by your retarded logic this alone makes India and Pakistan 10 times more advanced. India's space program alone makes Bangladesh look like a primitive country according to your pathetic logic.

 

[Homo Sapiens]

Pathetic
Are you a muslim?

Who said you Muslims can not be racist?
What he said is nothing uncommon among Pakistanis.
See this funny video, pot calling kettle black.

 

[Khan_21]

Nice try but why barely any growth(1%) predicted in Pakistan whereas we shall see 6-7% in BD over the next 5 years?

India is expected to see high growth and they have similar "accumulated wealth" to Pakistan.

Do you think you know something that these highly paid economic analysts do not know?

As for motorcycles, BD discourages personal transportation with high import taxes as BD wants people to travel by public transport as it is such a densely populated country.

Even local assemblers need to pay 45% and so making the cycles out of reach of all but the richest BD'shis.

So very conveniently most of the things you lag in thats not a priority for you?

You are acting as if BD is is this progressive scandinavian country promoting public tranportation. Even there Pk beats BD hands down. Lets see those shitty buses of yours. None of your cities have proper public transportation.

Good to see but please come back when Pakistan can do this for 10 years straight. It is still 4% per capita growth though as population growth is 2%.

For reference BD logged an average of 6% per capita annual growth in the 2010s.

This decade all major forecasters are predicting 6% again for BD but I think 7% is more realistic if the world economy quickly recovers from the current difficulties.

Why is BD so less attractive for foreign retail brands? PK has most of them but none in BD.

Why is your startup market almost half of pk? This year we will raise almost $700 million and will have our own unicorn.