Pakistan to see 4.1% growth this year, well below target

[Kabira]

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) announced on Monday an agreement on next year’s budget which will ensure continuation of tight fiscal policies that have already started hurting the economic growth.

The mission chief announced 4.1% growth for this fiscal year, which is precisely 1% less than the official target.

Both sides also agreed to further lower this year’s tax target despite the government imposed 5 mini budgets.

IMF also allowed Pakistan to spend Rs 130 billion on security-related expenditures over and above normal expenditure.

Further, the finance minister said that Pakistan would not seek any waiver from the International Monitory Fund (IMF) in the seventh economic review.

“Pakistan and IMF have successfully completed 7th review of the extended fund facility paving the way for release of next tranche of $506 million to Pakistan by June this year,” Dar said.

He said it is for the first time that Pakistan has reached the level of 7th review with IMF under any programme.

“We are determined to overcome the economic crisis and see the improvement in economic situation of the country.”

However, he cautioned that Pakistan still has to go a long way in improving its economic status.

Dar claimed that the progress on Quantitative Performance Criteria, net international and domestic assets as well as borrowing from the central bank was going as planned and added that the inflation rate is also witnessing a decline.

 

[wiqi21]

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) announced on Monday an agreement on next year’s budget which will ensure continuation of tight fiscal policies that have already started hurting the economic growth.

The mission chief announced 4.1% growth for this fiscal year, which is precisely 1% less than the official target.

Both sides also agreed to further lower this year’s tax target despite the government imposed 5 mini budgets.

IMF also allowed Pakistan to spend Rs 130 billion on security-related expenditures over and above normal expenditure.

Further, the finance minister said that Pakistan would not seek any waiver from the International Monitory Fund (IMF) in the seventh economic review.

“Pakistan and IMF have successfully completed 7th review of the extended fund facility paving the way for release of next tranche of $506 million to Pakistan by June this year,” Dar said.

He said it is for the first time that Pakistan has reached the level of 7th review with IMF under any programme.

“We are determined to overcome the economic crisis and see the improvement in economic situation of the country.”

However, he cautioned that Pakistan still has to go a long way in improving its economic status.

Dar claimed that the progress on Quantitative Performance Criteria, net international and domestic assets as well as borrowing from the central bank was going as planned and added that the inflation rate is also witnessing a decline.

Source??

 

[Kolachi Punjabi]

India’s growth rate is expected to be 7.5% this year: IMF

Growth will be driven by domestic demand, underpinned by healthy labor markets, low interest rates, and the recent fall in oil prices. The global recovery, while moderate and uneven, will continue to support Asia’s exports, say the report’s authors.

Growth in Asia and the Pacific will continue to outperform the rest of the world, and is expected to remain steady at 5.6 percent in 2015, easing slightly to 5.5 percent in 2016, according to the IMF’s Regional Economic Outlook for Asia and the Pacific.

Growth will be driven by domestic demand, underpinned by healthy labor markets, low interest rates, and the recent fall in oil prices. The global recovery, while moderate and uneven, will continue to support Asia’s exports, say the report’s authors.

Regional mix

Performance across the region is expected to be mixed (see table). China’s economy is slowing to a more sustainable pace—6.8 percent GDP growth in 2015, and 6.3 percent in 2016, while growth in Japan is picking up to 1.0 percent this year, and 1.2 percent next year.

India’s growth rate is expected to rise to 7.5 percent this year and next, making it one of the fastest growing economies in the world. Within the Association of Southeast Asian Nations (ASEAN), while Malaysia is expected to slow, the Philippines should see growth increase. Overall, lower commodity prices are a net positive for Asia, although several commodity exporters (Australia, Indonesia, Malaysia, and New Zealand) will be adversely impacted.

Asia will remain the global growth leader, even though potential growth—the economy’s speed limit—is likely to slow (Chart 1). While Asia accounts for nearly 40 percent of global output, it contributes nearly two-thirds of global growth. Asia’s leading role in world growth is set to continue over the medium term despite slowing potential growth, which reflects weaker productivity gains, the effects of aging, and infrastructure bottlenecks.- See more at: India’s growth rate is expected to be 7.5% this year: IMF

Calm your fat mumays rajesh, we don't care about India here, now go do something better with your sad life, like a lungi dance or something

 

[WAR-rior]

A thread bout Pakistan becomes how better India is.

Indians shud stop changing the mood of the thread unless asked for.

On Topic:

Its bad for Pakistan. With 3% popolation growth and 4% real GDP with 6-8% inflation growth means per capita income is gonna dive real bad. Said that, after considering gini effect, rich class and middle class will tend to remain same which means decrease in per capita will be forced upon the poor class increasing % of poor in Pakistan.

Only way for Pakistan is growth growth and growth which will be achieved only by Education Education Education and Skills Skills snd Skills.

Says my analysis.

Calm your fat mumays rajesh, we don't care about India here, now go do something better with your sad life, like a lungi dance or something

Chill Maar. Har jagah roya mat kar. Let the seniors take care.

 

[Kabira]

A thread bout Pakistan becomes how better India is.

Indians shud stop changing the mood of the thread unless asked for.

On Topic:

Its bad for Pakistan. With 3% popolation growth and 4% real GDP with 6-8% inflation growth means per capita income is gonna dive real bad. Said that, after considering gini effect, rich class and middle class will tend to remain same which means decrease in per capita will be forced upon the poor class increasing % of poor in Pakistan.

Only way for Pakistan is growth growth and growth which will be achieved only by Education Education Education and Skills Skills snd Skills.

Says my analysis.


Chill Maar. Har jagah roya mat kar. Let the seniors take care.

Population growth is under 1.5%, stop making up numbers.

 

[Bobby]

That makes Pakistan ..slowest economy in South Asia

 

[wiqi21]

But What about this

Pakistan; The Fastest Growing Muslim Economy: The Economist magazine

 

[Kabira]

But What about this

Pakistan; The Fastest Growing Muslim Economy: The Economist magazine

Not official.

 

[WAR-rior]

Population growth is under 1.5%, stop making up numbers.

‘Pakistan has higher-than-average population growth rate in South Asia’

Dude, it says 2%. And thats only official. Real growth rate turns out to be a little more than the recorded due to sampling errors. Now lets not talk Statistics and Market Research tools here.

Practically, Pakistani growth rate is between 2.3-2.7%. I just took a round figure.

 

[RAMPAGE]

Cannot go much beyond until energy demand is met. It is responsible for eating up 2% of growth rate.

 

[Kabira]

‘Pakistan has higher-than-average population growth rate in South Asia’

Dude, it says 2%. And thats only official. Real growth rate turns out to be a little more than the recorded due to sampling errors. Now lets not talk Statistics and Market Research tools here.

Practically, Pakistani growth rate is between 2.3-2.7%. I just took a round figure.

1.49% as of 2014.

Pakistan Population growth rate - Demographics

And if real is higher then it can be higher everyone. Anyway we will get real picture when next year census completes.

 

[SrNair]

India’s growth rate is expected to be 7.5% this year: IMF

Growth will be driven by domestic demand, underpinned by healthy labor markets, low interest rates, and the recent fall in oil prices. The global recovery, while moderate and uneven, will continue to support Asia’s exports, say the report’s authors.

Growth in Asia and the Pacific will continue to outperform the rest of the world, and is expected to remain steady at 5.6 percent in 2015, easing slightly to 5.5 percent in 2016, according to the IMF’s Regional Economic Outlook for Asia and the Pacific.

Growth will be driven by domestic demand, underpinned by healthy labor markets, low interest rates, and the recent fall in oil prices. The global recovery, while moderate and uneven, will continue to support Asia’s exports, say the report’s authors.

Regional mix

Performance across the region is expected to be mixed (see table). China’s economy is slowing to a more sustainable pace—6.8 percent GDP growth in 2015, and 6.3 percent in 2016, while growth in Japan is picking up to 1.0 percent this year, and 1.2 percent next year.

India’s growth rate is expected to rise to 7.5 percent this year and next, making it one of the fastest growing economies in the world. Within the Association of Southeast Asian Nations (ASEAN), while Malaysia is expected to slow, the Philippines should see growth increase. Overall, lower commodity prices are a net positive for Asia, although several commodity exporters (Australia, Indonesia, Malaysia, and New Zealand) will be adversely impacted.

Asia will remain the global growth leader, even though potential growth—the economy’s speed limit—is likely to slow (Chart 1). While Asia accounts for nearly 40 percent of global output, it contributes nearly two-thirds of global growth. Asia’s leading role in world growth is set to continue over the medium term despite slowing potential growth, which reflects weaker productivity gains, the effects of aging, and infrastructure bottlenecks.- See more at: India’s growth rate is expected to be 7.5% this year: IMF

Dude this is not sometype of contest.
So the topic is about Pakistan not India.Stay on topic.

 

[WAR-rior]

1.49% as of 2014.

Pakistan Population growth rate - Demographics

And if real is higher then it can be higher everyone. Anyway we will get real picture when next year census completes.

Thats estimated. Look into my link. Its from your own newspaper and from the official survey not mere estimates as posted by u.

But again, point is, your per capita GDP is either remaining stagnant or tending towards down. That itself is a problem rather than arguing the population growth rate.

 

[ganesh177]

Calm your fat mumays rajesh, we don't care about India here, now go do something better with your sad life, like a lungi dance or something

Why would there be a sad life at 7.5% growth rate ?
It surely would be sad at 4.1

 

[SrNair]

Population growth is under 1.5%, stop making up numbers.

Absolutely wrong dude.There is a thread in this PDF where Pakistan delegation visits India to study about our demographic control method and policies.Except 7 states rest of the nation has stabilised its populatiin and in some srates it is contracting.
Pakistan has high demographic growth of more than 2.7+ inSouth Asia.