Pakistan's Official GDP Figures Ignore Fast Growing Sectors

[farhan_9909]

@RiazHaq @farhan_9909

Any updates in this regard?

When can we expect updated information on the actual size and scope of today's Pakistani economy?

The government should make this an outmost priority. Effective, credible, wholesome, and accurate documentation of Pakistan's economy, demographics, and economic activity happening in the nation is critical for future development, policy making, investment, taxation, and what not.

No update so far

 

[RiazHaq]

@RiazHaq @farhan_9909

Any updates in this regard?

When can we expect updated information on the actual size and scope of today's Pakistani economy?

The government should make this an outmost priority. Effective, credible, wholesome, and accurate documentation of Pakistan's economy, demographics, and economic activity happening in the nation is critical for future development, policy making, investment, taxation, and what not.

The best way to fix it is to rebase the GDP to fully account for the new high-growth sectors of the economy. I have not heard of any plans to do it.

 

[AUz]

The best way to fix it is to rebase the GDP to fully account for the new high-growth sectors of the economy. I have not heard of any plans to do it.

If I am not wrong, we are still using 2000-2001 as our base year for GDP calculation...right?

Ishaq Dar is a professional--why doesn't he embark on this important task to rebase our economy to atleast 2010-12 etc?

Not only it can increase government's revenue sources, but it can also provide a good political talking point to PML(N) bc GDP "increased" under their term (Average Pakistani voter wouldn't know much about how GDP is calculated, and hence he might believe them as well lol)

 

[RiazHaq]

If I am not wrong, we are still using 2000-2001 as our base year for GDP calculation...right?

Ishaq Dar is a professional--why doesn't he embark on this important task to rebase our economy to atleast 2010-12 etc?

Not only it can increase government's revenue sources, but it can also provide a good political talking point to PML(N) bc GDP "increased" under their term (Average Pakistani voter wouldn't know much about how GDP is calculated, and hence he might believe them as well lol)

It's a major exercise that requires a lot of work. It was tried and abandoned in 2013.


http://www.dawn.com/news/794832/rebasing-approved-economy-size-expands-78pc