Pakistan's Economy - News and Updates

[farhan_9909]

@Sarge @RAMPAGE @farhan_9909 @That Guy

Loadshedding with the growing demand despite the some major projects i doubt will end before 2030-35.

 

[Signalian]

@Sarge @RAMPAGE @farhan_9909 @That Guy

defence establishments are not affected. Public is the worst hit. need dams and strategic planning for future.

 

[Clutch]

Are things still this bad in Pakistan? I thought the power issue was getting better...

 

[Nilgiri]

Are things still this bad in Pakistan? I thought the power issue was getting better...

Well video says its getting better but the promises made by ganja have not yet been met.

Better is a relative thing, not sure how much better it is now compared to before.

 

[ahsanhaider]

I swear if Pakistan government even invests just 1 Million Dollars in developing this Beach with 1 5 star hotel and a few attractions, it will not only generate jobes for over 1000 local people but on the long run they will earn millions of dollars from tourism. this beach is simply magnificent, it could easily attract foreign tourists also, and it is a safe place with easy access from Karachi.

 

[That Guy]

@Sarge @RAMPAGE @farhan_9909 @That Guy

There is no doubt that the last decade has been a lost decade for Pakistan, solely due to the power crisis. I have no doubt that if Pakistan can fix its power issues, it can very likely match India's economic growth, but that will likely take at least half a decade to get started on.

 

[Areesh]

@Sarge @RAMPAGE @farhan_9909 @That Guy

Situation is far better in Karachi though as compared to PPP regime days. If the area you live in is paying its bills and their are no electricity theft then you get electricity 24/7. Most areas of Karachi are now load shedding free. I get electricity 24/7 and mostly face electricity outage because of some maintenance or technical issue.

Don't know about other areas of Pakistan. Members from other cities can tell you better about it.

 

[Nilgiri]

Situation is far better in Karachi though as compared to PPP regime days. If the area you live in is paying its bills and their are no electricity theft then you get electricity 24/7. Most areas of Karachi are now load shedding free. I get electricity 24/7 and mostly face electricity outage because of some maintenance or technical issue.

Don't know about other areas of Pakistan. Members from other cities can tell you better about it.

So will people of Karachi be voting mostly for Nawaz Sharif in the next elections in 2018?

 

[Areesh]

So will people of Karachi be voting mostly for Nawaz Sharif in the next elections in 2018?

Not really. People are angry with federal and provincial government for neglecting Karachi in infrastructure and development and other issues. Nawaz needs to do lot more to win elections in Karachi.

People also attribute this improvement towards privatization of K-Electric and less on government. The present owners of K-Electric the abraaj group have already modernized K-electric a lot which has resulted in less load shedding. lower line losses and lower electricity theft. Privatization of K Electric is a success story. K Electric also showed a revenue of around 190 billion PKR in year 2014-2015 as per wiki.

This is the reason the new buyer Shenghai electric has bought its majority shares for $1.77 billion.

http://www.samaa.tv/economy/2016/10/shanghai-electric-to-buy-1-77-bln-stake-in-k-electric/

Me and other karachiites are expecting even better performance and more modernization from K Electric after this deal from new buyer since it is said to be a very big company.

 

[ashok321]

Pak’s economic growth soars to highest mark in eight year: WB

http://dailytimes.com.pk/business/1...c&utm_medium=twitter&utm_source=socialnetwork


ISLAMABAD: Pakistan’s economic growth in fiscal year (FY) 2016 soared to 4.7 percent—the highest rate in eight years and a significant increase from the previous year’s 4.0 percent, says a new World Bank Report.

The World Bank noted that South Asia continues to lead global growth, expanding by 6.8 percent in FY16. Like others in South Asia, Pakistan’s growth was driven by domestic consumption that continues to compensate for weak global demand.

According to press release issued on Thursday, the report warned that Pakistan’s low rates of investment and declining export competitiveness, however, remain a concern.

“Pakistan continues to make good progress in restoring macroeconomic stability. Building on this Pakistan needs to push forward with deeper structural reforms that spread benefits more widely, and the World Bank stands ready to support the reforms agenda” says IllangoPatchamuthu, World Bank Country Director for Pakistan. Growth acceleration will depend on the implementation of structural reforms, such as energy and taxation and implementation of the China Pakistan Economic Corridor (CPEC). In the long term, growth will be driven by increased investment in both physical and human capital, with increased focus on better nutrition, health and education outcomes.

The WB highlighted Pakistan’s success in reducing poverty over the last decade and a half – but contrasted this with the lack of progress in health, education and nutrition outcomes since 2010.

“Pakistan has made significant progress in reducing poverty over the last decade. Based on the revised poverty line adopted in early 2016, the percentage of people living below the poverty line decreased from 64.3 percent in FY02 to 29.5 percent in FY14. This reduction in poverty is corroborated when analyzing other data, such as asset ownership”, says Muhammad Waheed, Senior Economist and lead author of the report. “But stunting rates have been unchanged for decades and health and education outcomes have shown little improvement since 2010. By reinvesting its economic gains in health and education systems, Pakistan can make growth matter for all its citizens.”

The report projects that the pace of Pakistan’s economic growth will accelerate to 5.4 percent in FY18. A moderate increase in investment (related to CPEC projects) is expected to contribute to an acceleration of growth, which will continue to be driven by public and private consumption.

 

[Kabira]

Not really. People are angry with federal and provincial government for neglecting Karachi in infrastructure and development and other issues. Nawaz needs to do lot more to win elections in Karachi.

People also attribute this improvement towards privatization of K-Electric and less on government. The present owners of K-Electric the abraaj group have already modernized K-electric a lot which has resulted in less load shedding. lower line losses and lower electricity theft. Privatization of K Electric is a success story. K Electric also showed a revenue of around 190 billion PKR in year 2014-2015 as per wiki.

This is the reason the new buyer Shenghai electric has bought its majority shares for $1.77 billion.

http://www.samaa.tv/economy/2016/10/shanghai-electric-to-buy-1-77-bln-stake-in-k-electric/

Me and other karachiites are expecting even better performance and more modernization from K Electric after this deal from new buyer since it is said to be a very big company.

Why they are angry at N? Vote for N league if you want to see development. Even metro bus in Karachi is federal project and not provincial. Where does trillion rupees budget of Sindh goes?

 

[ahsanhaider]

Karachi New 2016 Documentary Released By Mastercard on the Financial Boom of Karachi

 

[ahsanhaider]

CPEC , a short and Concise Documentary ! Must Watch!

 

[ahsanhaider]

Alhamdulilah CPEC

 

[Cyberian]

Really good documentaries.