LOL.
U am, u am.
Try reading it again; put the years in the correct sequence first.
What's a brain?
i read it a 100 times..CAD has nothing to do with debt..?
are you seriously confusing something as CAD with debt...?!!!!
article reports growth is all time high, debt is decreasing consistently for last 5 years and apart from brief period in 2000s it has been all time low(its was ~100% GDP in 1990s) and has been decreasing each year and exports and remittances are growing in double digits..
seems CAD will be decreasing onwards too..so what am i missing?
of course without reforms i dont expect Pakistan to replicate Chinese growth but still 6+ is health growth considering India grew ~6.8%
so what i am missing..it seems pakistan is at same stage of high imports high growth time as india and many other countries were..but infact doing much better
this has been discussed death many times before, when ever i do it..either i get foolish replies or no replies lol
Well Pakistan will be in trouble if expected industrialization not happened in CPEC then you have to pay more then you actually earned. Pakistan need to expedite foreign investment in CPEC other than Chinese company like from Japan Korea US to diversify investment portfolio in cpec.
isnt that true for every foreign investment?
diversity is good but not a rule or essential..
Pakistan is open to every country on equal grounds...
CAD situation was artificially created by poor governance in setting of high machinery imports
there are risk regarding CAD but no crisis, their is risk with regarding to debt but no crisis...
there are lacking reforms of course..Pakistan can do much better...average of 6% isnt that stellar (pakistan projected growth)
but with end of terroism, better investment and market situation, if Pakistan ride the CAD issue with more investment or even a stand off IMF package , things should smooth off, this has happened with every other economy which went through high growth, high import phase