Pakistan economy grows beyond targets

[Halimi]

The International Spectator - Pakistan economy grows beyond targets

Pakistan recorded five percent growth in the first quarter of the current fiscal year, the central bank said Friday, beating its target and almost doubling the figure for the same period last year.

The State Bank of Pakistan data for the early months of the financial year began in July, 2013 said GDP grew by 5.0 percent, compared with only 2.9 percent in the first quarter of the last fiscal year.

Nuclear-armed Pakistan, plagued by a bloody, destabilising Islamist insurgency and chronic power shortages, has struggled to energise its economy in recent years.

Growth has bumped along well below the level experts say is needed to absorb new entrants to the workforce from Pakistan’s growing, youthful population.

“Since the macroeconomic indicators were favourable at the start of the year, the increase in real GDP growth in fiscal year 2014 was discernible,” the bank said.

Click here for rest of article.

 

[Menace2Society]

We need to reach 8% growth within the next 5 years to reach 1 trillion dollar economy by 2030.

Once consumerism sets in it will be plain sailing from there.

 

[majesticpankaj]

pakistan has the habit of cooking numbers...

 

[A.Rafay]

World bank and IMFs forecast would be less probably.

 

[xyxmt]

Good things are happening, good results are expected in a year or two. The world has seen the resilience of Pakistani economy and when it goes up it will shoot up rapidly.

- Tax collection is up
- Govt is try to curb on elect. and gas theft.
- Mega power projects have started or about to start
- Mega infrastructure projects are about to start.

 

[chauvunist]

pakistan has the habit of cooking numbers...

And you are in a habit of rubbing your Butt against other's dicks when you are not invited....Talk Logic or shooo outta here...

 

[Nike]

Investor need security guarantee to conduct their business safely, please get rid of terrorism in Pakistan

 

[majesticpankaj]

And you are in a habit of rubbing your Butt against other's dicks when you are not invited....Talk Logic or shooo outta here...

Double-counting: GDP overestimated, may be slashed by 10% – The Express Tribune

I can post hundreds of links..how pakistan are cooking up the data to look good in the eyes of IMF...

 

[qamar1990]

And you are in a habit of rubbing your Butt against other's dicks when you are not invited....Talk Logic or shooo outta here...

"rubbing butts on others dicks" lmfao

 

[Hiptullha]

Would have been better if it was done without the IMF loan.

 

[Chinese-Dragon]

5% economic growth is not bad, especially since Pakistan is in the middle of a war.

But it should be higher too.

 

[Halimi]

Is the general sentiment that the economy is doing better since Nawaz Sharif took over?

 

[EyanKhan]

Is the general sentiment that the economy is doing better since Nawaz Sharif took over?

Kinda yeah , the previous government was monumentally retarded so NS gov is a definite improvement

 

[Imran Khan]

And you are in a habit of rubbing your Butt against other's dicks when you are not invited....Talk Logic or shooo outta here...

 

[SBD-3]

World bank and IMFs forecast would be less probably.

It is the recorded number i.e. first quarter growth, not a forecast for next years first quarter. Common Sense 101

pakistan has the habit of cooking numbers...

And by making this this typical rant would have give you your daily dose of orgasm....