Pakistan GDP growth to slow down to 2.7 percent in FY2019-20: World Bank

[El Sidd]

Which is stupid as individual wealth depends upon center govt. The value of goods rupee and life depends upon who prints the mowny..the simplest explanation of above is that govt printed ruthless amount of money without productivity

Pakistani government is a Business venture for 50 families.

Pakistani Nation is collectively rich in all of allahs fruits

 

[ziaulislam]

Pakistani government is a Business venture for 50 families.

Pakistani Nation is collectively rich in all of allahs fruits

I disagree..bigger problem for Pakistan is our mentality of tribesmenship and kinship ...
Its easy to blame business community but reality is thag there are no businessman in Pakistan there political leadership whose business are outside

First thing we need to understand is rule of law..you cant run around stating that i am corrupt but mr x is also corrupt

The second to understand that govt money is your money so if they give it free its your money..why should rich get benefit out of it (oil electricity gas subsidies )

 

[El Sidd]

I disagree..bigger problem for Pakistan is our mentality of tribesmenship and kinship ...
Its easy to blame business community but reality is thag there are no businessman in Pakistan there political leadership whose business are outside

First thing we need to understand is rule of law..you cant run around stating that i am corrupt but mr x is also corrupt

The second to understand that govt money is your money so if they give it free its your money..why should rich get benefit out of it (oil electricity gas subsidies )

how do we disagree?

 

[ziaulislam]

how do we disagree?

That business community (sarmaya dars) are bad...
Tgis mentality les to two things
1. Hidding of capital
2. Flight of capital
3. Brain drain
All businessman left Pakistan to settle in malaysia Indonesia and america ..you can see billionaires there that were originally Pakistani businessman in 1960s BUT LOST EVERYTHING WHEN PAKISTAN FORCEFULLY TOOK OVER THEIR PROPERTIES IN 1970s and 1998

 

[N.Siddiqui]

China, india, turkey, now Bangladesh and other countries first saw decades of strong growth and than went into infrastructure not the other way around a well known fact ..Egypt tried what we did and suffered the same fate

Relevant point, only if Pakistan has invested the hard earned money through remittances/borrowing on income generation ventures, export related industries and not on grandiose projects like METRO/BRTS/Motorways and grand housing schemes.

Bangladesh was very sage and thrifty in this context, saving and no extravagance.

BTW Pakistan has reached a Hindu rate of growth...

 

[Fawadqasim1]

Yet we still don't bring to justice those who are responsible for this.

How can we with this judiciary.

 

[Viny]

That idiot of Asad Umar should've seen this coming and increased the costs for imported goods to reduce imports bills, also he should've aggressively pushed for more Pakistani labor export, these 2 steps would've helped Pakistani govt to keep focus on corruption issues.

1. Exporting semi skilled and unskilled labour in cash rich countries is going to be harder and harder as automation kicks in across the globe.
2. Raising imports cost will not reduce imports bills if majority of import bill items are common usage stuff. It will slow down the economic activity and resulting into cooling down of the economy.

In a self consumption driven economy, its very important to ensure that local business plays important role, once local consumption are taken care off, its easy for govt to provide SEZ and other export subsidies that would allow foreign capital inflow.

A growth rate of 2.7% and inflation reaching double digit would further squeze the consumption market and putting more pressure on weaker section of society. And if the water crises becomes more grave followed by a poor monsoon then it would hurt further.

All these problems might get a coverup face with regard INDO-PAK borders been kept hot, but none the less it will break the back bones of a local pakistani in long run.

 

[coffee_cup]

1. Exporting semi skilled and unskilled labour in cash rich countries is going to be harder and harder as automation kicks in across the globe.
2. Raising imports cost will not reduce imports bills if majority of import bill items are common usage stuff. It will slow down the economic activity and resulting into cooling down of the economy.

In a self consumption driven economy, its very important to ensure that local business plays important role, once local consumption are taken care off, its easy for govt to provide SEZ and other export subsidies that would allow foreign capital inflow.

A growth rate of 2.7% and inflation reaching double digit would further squeze the consumption market and putting more pressure on weaker section of society. And if the water crises becomes more grave followed by a poor monsoon then it would hurt further.

All these problems might get a coverup face with regard INDO-PAK borders been kept hot, but none the less it will break the back bones of a local pakistani in long run.

Congratulations, he is alive

Summary of his post: Let Indians score some political points by conducting imaginary SirGKal strikes or else you are doomed if you respond, since a hot border will break your back bones. How cute...

 

[UKBengali]

Relevant point, only if Pakistan has invested the hard earned money through remittances/borrowing on income generation ventures, export related industries and not on grandiose projects like METRO/BRTS/Motorways and grand housing schemes.

Bangladesh was very sage and thrifty in this context, saving and no extravagance.

BTW Pakistan has reached a Hindu rate of growth...

This is what BD posters have been saying when Pakistanis have been showing off the fancy motorways as evidence of how much richer that Pakistan is over BD.

BD only in the last 5 years started investing massive amounts of funds in building the expensive infrastructure when it's per capita gdp had surpassed 1,000 US dollars a year. You build when you can afford it and also when the infrastructure will benefit the common man and not the few rich.

Pakistan does need to spend money on defence as it disputes Kashmir with India but there is no need for expensive motorways that a small percentage of the population will use.


Look below for comparison of BD and Pakistan debt to GDP ratio:

BD:

Pakistan:

Both high defence spending(unavoidable) and massive debt(lot of it due to unnecessary infrastructure) is totally ruining the chances of the Pakistani economy.

 

[Viny]

Congratulations, he is alive

Summary of his post: Let Indians score some political points by conducting imaginary SirGKal strikes or else you are doomed if you respond, since a hot border will break your back bones. How cute...

Learn from China, focus on internal growth, all external ho halla doesnt matter until its hurting the economic growth.
Sometimes calmness is better weapon, its gives more powerfull reply.
If there are no terrorist camps, then obviously India could not have fooled global world and Pakistan would have gained upper hand proving India being aggressor and causing regional instability.

If there where terrorist camps, its good that they got cleaned up as it would have been difficult for Pakistan to break them after having grown them up. In long term the radicalized team will be not much of help. An educated team pursuing global win is what Pakistan needs in future.

 

[N.Siddiqui]

BD only in the last 5 years started investing massive amounts of funds in building the expensive infrastructure when it's per capita gdp had surpassed 1,000 US dollars a year. You build when you can afford it and also when the infrastructure will benefit the common man and not the few rich.

Pakistan does need to spend money on defence as it disputes Kashmir with India but there is no need for expensive motorways that a small percentage of the population will use.

I agree completely, BD has only recently started on big spending projects like Dacca Metro, Padma bridge, Dacca circular road and others, the Independent power projects and some more, after getting more than 40 billion USD in FER kitty and exports touching 36 billion USD and more, imports are lower.

In Pakistan case it is just the opposite, imports touching 51 billion USD, exports down to 21 billion last year...the CAD was the reason Pakistan need borrowing from IMF and others.


It is a case of lopsided priorities, extravagance and spending on Mega projects to get commissions and kickbacks.

Lately things are somehow improving...not the GDP thingy.

Pakistan does need to spend money on defence as it disputes Kashmir with India but there is no need for expensive motorways that a small percentage of the population will use.


Look below for comparison of BD and Pakistan debt to GDP ratio:

Imports are down by 10%, I read, exports has risen by 15%, remittances by 12%, so things are improving slowly here, will take some doing by the new government.

https://tribune.com.pk/story/1930253/2-current-account-deficit-declines-22-5-8-84b/

 

[El Sidd]

That business community (sarmaya dars) are bad...
Tgis mentality les to two things
1. Hidding of capital
2. Flight of capital
3. Brain drain
All businessman left Pakistan to settle in malaysia Indonesia and america ..you can see billionaires there that were originally Pakistani businessman in 1960s BUT LOST EVERYTHING WHEN PAKISTAN FORCEFULLY TOOK OVER THEIR PROPERTIES IN 1970s and 1998

We disagree

 

[ziaulislam]

We disagree

Well agree or disagree but we have two worlds
Capitalism and communist

Only country who tried both is china and look at it..

Those who fail to learn become part of history ..
Either build capital and take taxes..or hide capital and dont pay taxes...Pakistani people have choosen the second because bhutto is still alive

Magic of PTI idiotic team.Third Umpire is very sad and angry on himself now.

Result of high fiscal deficit, state bank lending (printing notes), and low saving(due to artificially low interest)..such policies will give you boom due to govt spending ( printing notes, high captial due to loans/deficit & low interest) but will always result in bust (when printing notes & low saving effects kicks in)which is bigger than the boom..third consecutive time PMLN did this in 1990s, 1998 & 2018..let see whether they will do it again in 2028...

 

[El Sidd]

Well agree or disagree but we have two worlds
Capitalism and communist

Only country who tried both is china and look at it..

Those who fail to learn become part of history ..
Either build capital and take taxes..or hide capital and dont pay taxes...Pakistani people have choosen the second because bhutto is still alive

we dont have to pick either as article of faith

 

[coffee_cup]

Learn from China, focus on internal growth, all external ho halla doesnt matter until its hurting the economic growth.
Sometimes calmness is better weapon, its gives more powerfull reply.
If there are no terrorist camps, then obviously India could not have fooled global world and Pakistan would have gained upper hand proving India being aggressor and causing regional instability.

If there where terrorist camps, its good that they got cleaned up as it would have been difficult for Pakistan to break them after having grown them up. In long term the radicalized team will be not much of help. An educated team pursuing global win is what Pakistan needs in future.

Why don't you first learn from China and let your neighbors live in peace? Why this obsession with Pakistan where even your elections are decided upon who hates Pakistan more?

And as for terrorism, now don't start me on that. India with a very rich history (more than half century old) of spreading terrorism in the neighborhood is the very last country to lecture others about that.