Pakistan's GDP | Growth, Forecasts and discussions.

[HRK]

Can u tell me right what is our gdp base year. Sorry i m just so ignorant a man could be.

2005-2006

• First link: Methodology New Base 2005-06

• Second Link: Macro Economic Indicators from 1951-2014

 

[Shamain]

2005-2006

• First link: Methodology New Base 2005-06

• Second Link: Macro Economic Indicators from 1951-2014

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Acha may nay tau suna tha every five year it changes the base year.?iwas wrong?

 

[HRK]

Acha may nay tau suna tha every five year it changes the base year.?iwas wrong?

that 'should' be a standard practice ..... but again its all about 'priorities'

 

[Shamain]

that 'should' be a standard practice ..... but again it all about 'priorities'

And i laughed. so u know with this kind of thing i never take gdps as some ,forget closer to accurate, even some average standard measure of economy. I mean like 2005.06 is base year,recall 2007 recession. What the hell are we doing treating it as base year.

thats true. but its always difficult to have one index which could tell you everything about the economy.. Maybe you want to look at HDI (Human development index) or Multi dimentional poverty index for social health of the economy

Yes it can give better measue but then once everything is integrated as in when you are picking out gdp figures you keep these indices by your side as well.
But then again we all know much of loss (as in i mean damage) comes through tax evasion and gov corruption.
Errmm sir its nice learning from you. I have read ur other posts too.
You know may soch rahee thee wehave been off lately discussing gdp and investment a lot but we ppl here totally overlooked one key factor which ishow much we have trained our labor. Skilled ,semi skilled etc. Lets say we receive investment but its not going to do much benefit unless u have enough skilled labor in those concerned sectors.
Secondly,iwas thinking due to very cheap labor bangladesh has taken away a good portion of textile market and we also lost on energy crises. But if lets say energy issue is resolved then how we are going to find foothold in this market again.
Thirdly, i think leather goods market should be more invested in and expanded.
Well if i am wrong anywhere do correct me and if its too much gibberish for u then plz ignore my post. I think its too much gibberish umm its best u ignore.

 

[ajpirzada]

And i laughed. so u know with this kind of thing i never take gdps as some ,forget closer to accurate, even some average standard measure of economy. I mean like 2005.06 is base year,recall 2007 recession. What the hell are we doing treating it as base year.


Yes it can give better measue but then once everything is integrated as in when you are picking out gdp figures you keep these indices by your side as well.
But then again we all know much of loss (as in i mean damage) comes through tax evasion and gov corruption.
Errmm sir its nice learning from you. I have read ur other posts too.
You know may soch rahee thee wehave been off lately discussing gdp and investment a lot but we ppl here totally overlooked one key factor which ishow much we have trained our labor. Skilled ,semi skilled etc. Lets say we receive investment but its not going to do much benefit unless u have enough skilled labor in those concerned sectors.
Secondly,iwas thinking due to very cheap labor bangladesh has taken away a good portion of textile market and we also lost on energy crises. But if lets say energy issue is resolved then how we are going to find foothold in this market again.
Thirdly, i think leather goods market should be more invested in and expanded.
Well if i am wrong anywhere do correct me and if its too much gibberish for u then plz ignore my post. I think its too much gibberish umm its best u ignore.

FBR already knows who are the people not paying their share of taxes. Every time a new government comes in they start giving chances to people to whiten their money. the question is, why should people bother when they know there wont be any action taken against them even if they dont comply? what is the disincentive? The day our governments start taking action against tax evaders, everyone will fall inline.

the skilled, semi skilled labor is a very good point. Since most of the investment is coming in infrastructure, there will be increase in demand for the unskilled, semi skilled labor. This is good in the short run since most of our work force is semi skilled. Over the long run, government will have to invest in technical education and as well as higher education. You are very right. Unless we create a skilled work force in our country, we wont be able to attract investment in more sophisticated sectors of the economy.

We lost many of our export contracts because we could not gurantee meeting deadlines. The factor is energy. Im somewhat hopeful that LPG imports will help in solving some of this problem. Its unfortunate that we cannot benefit from the GPS+ status to our full potential. To make it worse, rupee has appreciated during the last year which has made our exports less competitive in the world market.