Pakistan's economy better than India's: Bloomberg

[Edevelop]

LAHORE: (Web Desk, Dunya News) – Pakistan’s economy has been declared better than India’s in Bloomberg report published on Friday. Pakistan has been included among the Top 10 emerging economies of the world, reported Dunya News.

According to the report published by Bloomberg, economic reforms and good relations with the international monetary organizations gave boost to Pakistan economy. It said that the success is better than India’s.

Report says that the payment of loans’ issue was resolved after Prime Minister Nawaz Sharif took over the government. It said that the construction industry also improved, leading to better ratings for Pakistan by Moody’s and Standards and Poors.

Bloomberg report says that interest rate is at 42-year lowest in Pakistan. It says that Nawaz Sharif government kept the economy afloat despite protests in the country. Pakistan wrote a new chapter in the history of reforms, privatization and economic progress, it says, and has become the best undiscovered investment opportunity of the world for investors with a 232-billion dollars economy.

Report goes on to say that Karachi Stock Exchange (KSE) saw 16% improvement during the last one year and is among the 10 best performing stock markets of the world. It says that progress has been observed in cement, construction and steel sectors. It said that the biggest of companies are trying to double their volume.

Appreciating the government reforms, the report says that a 27% increase was seen in the government expenditure on infrastructure, inflation came down and buying power of Pakistanis increased due to better incomes after Nawaz Sharif government took control in 2013. It says that the current government has also focused on rural progress along with the urban due to which suburban centers are growing fast in the country.

The report also acknowledged China’s support for Pakistan, saying that China once again proved to be Pakistan’s best friend by investing in 45-billion-dollar economic corridor project. Quoting the business circles in Pakistan, the report says that almost all the fields have observed three-time growth which is a clear indicator of economic progress.

Pakistan's economy better than India's: Bloomberg | Pakistan | Dunya News

 

[Faiez]

they haven't done a thorough enough analyses....

they just see the financial statements showing large infrastructure investments, but don't further analyze where and how that money is being spent and if it has a good return on investment. A big chunk of all infrastructure investment goes into politicians' bank accounts through foreign companies as commissions. The result is that a project that would otherwise cost 5 billion costs upto 7-8 billion....So the investment efficiency is quite low.

 

[ganesh177]

 

[thrilainmanila]

1st of april was over 3 months ago.

 

[Edevelop]

they haven't done a thorough enough analyses....

they just see the financial statements showing large infrastructure investments, but don't further analyze where and how that money is being spent and if it has a good return on investment. A big chunk of all infrastructure investment goes into politicians' bank accounts through foreign companies as commissions. The result is that a project that would otherwise cost 5 billion costs upto 7-8 billion....So the investment efficiency is quite low.

Inflation - 12 year low
interest rate - 42 year low
Stock market - 2nd best performance in the world
Exports - increased due to GSP+ status from EU
Investments - $42 Billion CPEC
Foreign Exchange Reserves - all time high
Privatization - first time happening to bring reforms
Corruption ratings - 10 places improvement over 1 year
Combating Terrorism - Pakistan tops list of countries observing decrease
Infrastructure development - 27% increase
GDP growth rate - highest in 7 years
GDP per capita - increased

If you think Bloomberg is wrong, better explain Moodys, S&P, and JICA reports as well.

 

[AgNoStiC MuSliM]

The report is based on specific statistics at a particular point in time. The key here is whether the positive trends in critical indicators continue over the next 5-10 years - without continuity (which will be based on promises of infrastructure investments, revenue improvements and governance reforms coming to fruition) the current improvement in said indicators is an anomaly.

 

[Matrixx]

Inflation - 12 year low
interest rate - 42 year low
Stock market - 2nd best performance in the world
Exports - increased due to GSP+ status from EU
Investments - $42 Billion CPEC
Foreign Exchange Reserves - all time high
Privatization - first time happening to bring reforms
Corruption ratings - 10 places improvement over 1 year
Combating Terrorism - Pakistan tops list of countries observing decrease
Infrastructure development - 27% increase
GDP growth rate - highest in 7 years
GDP per capita - increased

If you think Bloomberg is wrong, better explain Moodys, S&P, and JICA reports as well.

nobody is denying that pakistan is doing well.....but tell me how Pakistan economy is better than Indian economy.....

 

[slapshot]

If you think Bloomberg is wrong, better explain Moodys, S&P, and JICA reports as well.

We got strange people in our country who can believe a baseless conspiracy like 35 punctures without any proof but can question well known international platforms looking into economic matters of entire world.

 

[Muhammad Omar]

And PTI supportes were Saying this Gov has done nothing BUhahahahhahahahahaha

Wait for 2018 ....

Inflation - 12 year low
interest rate - 42 year low
Stock market - 2nd best performance in the world
Exports - increased due to GSP+ status from EU
Investments - $42 Billion CPEC
Foreign Exchange Reserves - all time high
Privatization - first time happening to bring reforms
Corruption ratings - 10 places improvement over 1 year
Combating Terrorism - Pakistan tops list of countries observing decrease
Infrastructure development - 27% increase
GDP growth rate - highest in 7 years
GDP per capita - increased

If you think Bloomberg is wrong, better explain Moodys, S&P, and JICA reports as well.

Masha Allah ......

 

[slapshot]

nobody is denying that pakistan is doing well.....but tell me how Pakistan economy is better than Indian economy.....

Here is a piece from article

"The nation’s construction sector grew by 11.3 percent in the year through June 2014, almost double the 5.7 percent target, according to central bank data. Pakistan is a reform story like neighboring India’s, but only better, said Renaissance’s Robertson."

I seriously wish they stop comparing India Pakistan which turn such articles into a dick measuring contests

 

[Gazi]

That is all Macro Economic Level and its not Long Lasting while in Microeconomics Level Pakistan is going through a decline Industries are still in Confusion as no Microeconomics Reforms are introduced so far while Energy Crisis is taking a toll as well. No Tax reforms and still informal economy dominates the Market while formal Economy is in decline. If PMLN wants to left an everlasting impact in the economy rather then Short term Measures of Macroeconomic Reforms then he should focus on Microeconomics Development rather because all this growth would started to go down Gradually if microeconomics Measures are not taken.

 

[slapshot]

And PTI supportes were Saying this Gov has done nothing BUhahahahhahahahahaha

Unfortunately most of them are ignorant by choice. They rather choose to believe in politicized content told to them by their leaders. After this 35 puncture drama I really doubt the credibility of things told by PTI.

 

[Matrixx]

Here is a piece from article

"The nation’s construction sector grew by 11.3 percent in the year through June 2014, almost double the 5.7 percent target, according to central bank data. Pakistan is a reform story like neighboring India’s, but only better, said Renaissance’s Robertson."

I seriously wish they stop comparing India Pakistan which turn such articles into a dick measuring contests

Pakistan has to go long way before doing dick measuring with India.....

 

[slapshot]

Pakistan has to go long way before doing dick measuring with India.....

seriously? This post of yours is the proof of what I just said above. The article is about Pakistan but the discussion is turning into a India vs Pak. Please shoot an Email to the person who a said this or take the matters to bloomberg sue them for saying such unholy thing about India.

 

[Alpha BeeTee]

nobody is denying that pakistan is doing well.....but tell me how Pakistan economy is better than Indian economy.....

Obviously there is no comparison between ours economy and yours.
The title is just for catching attention.