The Hindu: In Pakistan, it’s middle class rising

[salarsikander]

Pakistan balance of payments benefited by the billions from the low oil prices, which are rising, but are still low by historical standards. However, it has frittered away this reprieve, as usual, and remains exposed to a price rise, which is inevitable.

And to the shortsighted economic policies with no real incentive in creating a quality manpower or skill and too few natural resources, that are sold at fraction of price. The foundations of a country are still not sound after 70 years

 

[SoulSpokesman]

SAH sb,

There is a fallacy in your argument tho'. If oil prices go up, expat jobs will go up in KSA and elsewhere and remittance income will get a boost.

Regards

 

[VCheng]

SAH sb,

There is a fallacy in your argument tho'. If oil prices go up, expat jobs will go up in KSA and elsewhere and remittance income will get a boost.

Regards

That is not a fallacy. The effect of oil prices on remittances is relatively minor. Just look up the numbers.

And to the shortsighted economic policies with no real incentive in creating a quality manpower or skill and too few natural resources, that are sold at fraction of price. The foundations of a country are still not sound after 70 years

Think about this: What does Pakistan actually produce these days that other nations would want to buy compared to all other choices available to them? How did it get into such a position? Is there a way out of this trap?

 

[salarsikander]

Pakistan balance of payments benefited by the billions from the low oil prices, which are rising, but are still low by historical standards. However, it has frittered away this reprieve, as usual, and remains exposed to a price rise, which is inevitable.

And to the shortsighted economic policies with no real incentive in creating a quality manpower or skill and too few natural resources, that are sold at fraction of price. The foundations of a country are still not sound after 70 years

That is not a fallacy. The effect of oil prices on remittances is relatively minor. Just look up the numbers.



Think about this: What does Pakistan actually produce these days that other nations would want to buy compared to all other choices available to them? How did it get into such a position? Is there a way out of this trap?

My good doctor forget about exports other than few dates and fruits there is really nothing to export. Just look at the condition of local market. The local products, changed at international prices yet at a fraction of quality. Look at local assembled cars which are expensive when compared abroad. Yet you will find the joints cheaply welded and what not

 

[VCheng]

My good doctor forget about exports other than few dates and fruits there is really nothing to export. Just look at the condition of local market. The local products, changed at international prices yet at a fraction of quality. Look at local assembled cars which are expensive when compared abroad. Yet you will find the joints cheaply welded and what not

Yet the claims remain quite bombastic.

 

[Winchester]

The median is skewed by a small minority who indeed have it very good in Pakistan, but the overall indicators do not lie. Inequalities abound, and overall social development remains abysmal. The present appearance of prosperity is being helped by the low oil prices. The next shock will reveal the underlying weaknesses soon enough.

Again putting in a snide remark without backing it up with any figures or facts.
Pakistan scores a lot better than many developing countries including India when it comes to income equality.

 

[xyxmt]

Think about this: What does Pakistan actually produce these days that other nations would want to buy compared to all other choices available to them? How did it get into such a position? Is there a way out of this trap?

Pakistan's economic growth so far is being generated from inside the country. Look at an average household in Pakistan, look at what they have and where was it made. These are the most common items in a Pakistani house hold

- Fridge, deep freezer, water heater, A/Cs (mostly Pakistani) TV (mixed)
- Washing machines, fans (mostly Pakistani)
- Kitchen appliances (juicer, microwave, food Processor), dishes, utensils, Pots and pans (almost all Pakistani)
- Furniture, mattress etc (all Pakistani)
- Clothing (all Pakistani)
- Cars, Motor Cycles

90% of stuff in Pakistani household is produced inside Pakistan.
If every house on a street makes one item that other houses on the same street need, then they dont need to sell their stuff to neighboring streets to have a good life style...yes once in a while they may need to buy something from a neighboring street and for which their expat son sends them money

 

[VCheng]

What is described above is a captive market exploited by carefully structured monopolies.

 

[salarsikander]

Yet the claims remain quite bombastic.

If it were not then how would the current kingdom of nawaz survive ?

Plus who needs to acknowledge the shortcoming as long as we are going down the hill let us. We don't need anyone help.