Pakistan; The Fastest Growing Muslim Economy

Discussion in 'Pakistan Economy' started by Zibago, May 12, 2015.

  1. Zibago

    Zibago ELITE MEMBER

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    Pakistan; The Fastest Growing Muslim Economy
    23 hours ago
    [​IMG]
    LONDON – According to ‘The Economist magazine’ the financial indicators published on Friday suggest that Pakistan is the fastest growing Muslim economy of the world.

    Pakistan has become the 5th fastest growing economy in the world with Gross Domestic Product (GDP) is growing at the rate of 5.7% in 2015.

    According to the publication of London based magazine, The Economist, India is leading the list of fastest growing countries with GDP at 7.6%.

    China, Philippines and Vietnam are at the second, third and fourth number with GDP 6.9%, 6.7% and 6.2% respectively.


    The interactive table of economics and financial indicators in ‘The Economist’ revealed that Pakistan is way ahead than larger Muslim economies in terms of economic growth in the recent years.

    The Muslim countries like Malaysia, Indonesia, Egypt and Turkey are all below the Pakistan in economic growth.
    Pakistan; The Fastest Growing Muslim Economy | The News Tribe
     
  2. Zibago

    Zibago ELITE MEMBER

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  3. Gufi

    Gufi PDF THINK TANK: ANALYST

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    The growth needs to be channelled to the middle class or else you lose the whole purpose. The growth is not stopping the decline of the middle class and the wealth gap between the rich and the poor is increasing.
     
  4. SipahSalar

    SipahSalar SENIOR MEMBER

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    I was just reading today that our GDP will grow by a mere 4.1% this year... I think this article is biased.
     
  5. B@KH

    B@KH FULL MEMBER

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    Pakistan will Surpass Turkey in Economic terms in years to come if things are carefully done without any mistakes.
     
  6. Zibago

    Zibago ELITE MEMBER

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    Har aray ghairay wailay nay apna number dia hay
     
  7. Gufi

    Gufi PDF THINK TANK: ANALYST

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    the number does not matter, the trickle down model has failed miserably in every country that tries it. GDP growth does not concern us alone, it is also disparity in the wealth between different classes that is worrisome
     
  8. ashok mourya

    ashok mourya FULL MEMBER

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    I thought Indonesia tops in growth rate of Muslim world,anyways congrats Pakistan.
     
  9. Shamain

    Shamain SENIOR MEMBER

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    True , gdp is a yuk measure of economy.as in doesnt cover lots of aspects. I had once read that even economists dont like it.

    Yes lots of errorS.
    What is newstribe.

    Anyways,pak and vietnam figures are of yearly gdp ,and all the rest figures are quarterly.all shud be either yearly or quarterly
     
  10. Zibago

    Zibago ELITE MEMBER

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    Pakistan’s GDP to grow by 5.7 percent this year
    By Web DeskMay 11, 2015 16:12
    [​IMG]

    KARACHI: Pakistan’s gross domestic product is expected to grow by 5.7 per cent in 2015, according to a report in the prestigious magazine The Economist.

    Pakistan was placed at fifth position of G20 and BRICS nation with GDP growth rate of 5.7 percent this year.

    According to the list , India tops the list for growth of 7.6 percent while China is at second place with 6.9 percent GDP growth.

    Philippines was placed at third spot with 6.7 percent GDP growth followed by Vietnam with 6.2 percent.

    Pakistan’s GDP is expected to grow by 4.7 percent in 2016 whereas India’s expected GDP growth rate for 2016 is 8.1 percent.

    The country’s industrial production increased by just 0.9 percent since last year whereas India’s production jumped by 5.0 percent since 2014.

    [​IMG]

    Kanjoos logo bunda like he kar deta hay itna zabardast article lagaya hay main nay
     
  11. Shamain

    Shamain SENIOR MEMBER

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    Ohhh plz dont buy india nonsense gdp figure
     
  12. Gufi

    Gufi PDF THINK TANK: ANALYST

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    Listen what matters is not the GDP but projects started to sustain and increase it. While there are some good decisions being taken there are some totally stupid ones like the metro train project which make one wonder if we have money to spare .... Dams, power plants, hospitals and education are more important and vanity and ribbon cutting need to be stopped. Offering taxis to bachelors degree holders is not a solution. China investing, a booming stock market, and low oil prices have given us a lucky year, we need to take advantage.
     
  13. Zibago

    Zibago ELITE MEMBER

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    Please visit my kashmiri refugee interview thread
     
  14. OrionHunter

    OrionHunter ELITE MEMBER

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    How about this report? Though these seem to be conflicting, but a 5.7% growth rate appears to be incorrect.

    The Gross Domestic Product (GDP) in Pakistan expanded 4.14 percent in 2013/14 fiscal year. GDP Growth Rate in Pakistan averaged 4.92 percent from 1952 until 2014, reaching an all time high of 10.22 percent in 1954 and a record low of -1.80 percent in 1952. GDP Growth Rate in Pakistan is reported by the Pakistan Bureau of Statistics.
    [​IMG]

    Pakistan GDP Growth Rate | 1952-2015 | Data | Chart | Calendar | Forecast

    And now this from Pakistan's Express Tribune...

    Pakistan's economy to fall in 2015 as South Asian economies strengthen: UN forecast
    Due to the precarious security situation in the country, and low fixed investment, the report said, “macroeconomic fundamentals remain fragile” in Pakistan, in spite of the GDP rebounding to an estimated 4.2% in 2014 after robust private and public consumption.

    The report forecasts economic growth to fall slightly in 2015, but pick up again in 2016.

    Pakistan's economy to fall in 2015 as South Asian economies strengthen: UN forecast - The Express Tribune
     
  15. Zibago

    Zibago ELITE MEMBER

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    Bhai jo opar likha hay zara par lo