• Saturday, February 25, 2017

Pakistan predicted to become the Muslim World’s fastest growing economy in 2017: The Economist

Discussion in 'Pakistan Economy' started by Devil Soul, Jan 10, 2017.

  1. Syed1.

    Syed1. FULL MEMBER

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    Economic growth rates are just accounting numbers TBH.

    Did this growth rate result in our exports rising? No
    Millions of poor and hungry having a better life? No
    Better health and education facilities provided? No
    Better police and justice system provided? No
    Better security situation and reduced threat to life and limb? No


    The fact of the matter is growth rate only benefits the top 10% of the people in a country like Pakistan, more so when all your top government officials are billionaires through ill-gotten wealth.
     
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  2. Syed.Ali.Haider

    Syed.Ali.Haider ELITE MEMBER

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    Rejoice. Pakistan did successfully test an SLCM with nuclear capability recently.
     
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  3. hussain0216

    hussain0216 SENIOR MEMBER

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    Your not really a muslim country though are you

    More an extension of indian's hindu rashtra
     
  4. naveedullahkhankhattak

    naveedullahkhankhattak SENIOR MEMBER

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    it doesn't matter. China economy if develop by 3 percent will be far more than economy of any big country 7.5% growth rate.
     
  5. rome333

    rome333 FULL MEMBER

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    I see. Haters hate.....and Recism still prevails...
     
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  6. hussain0216

    hussain0216 SENIOR MEMBER

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    Dont blame me, blame the economist and haseena
     
  7. terry5

    terry5 FULL MEMBER

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    [​IMG]
     
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  8. Talwar e Pakistan

    Talwar e Pakistan SENIOR MEMBER

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    It takes time and patience, change does not come overnight.
     
  9. Gregor Clegane

    Gregor Clegane BANNED

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    5.3% is pretty low for a $285 billion economy, though.
     
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  10. Jungibaaz

    Jungibaaz MODERATOR

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    This is the case everywhere I'm sorry to say, rarely does GDP growth give an adequate picture.
    Right now Pakistan should focus on a few simple goals that require some perseverance. We can think about social and welfare reforms once we have a strong enterprising economy to base such redistribution efforts and public investment on.

    The poor of Pakistan will continue suffering at the same level for at least the next decade or two. And even when the economy grows, due to no regulation, no public investment and the market liberalisation we've undergone, growth overall will also expand and form a massive void between the very rich and the poorest.

    For now, I'd say focus on political and economic stability, dealing with security and energy needs, current infrastructure efforts are very good, then we'll need to bring back some FDI. When we're close to achieving all that, a robust regulatory framework will be necessary.
     
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  11. My-Analogous

    My-Analogous SENIOR MEMBER

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    I Don't think it is correct and Bangladesh is doing fine job here and they are moving with 6+ per year since very long
     
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  12. rome333

    rome333 FULL MEMBER

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    Sadly our Economic Indicators are Mean or Average based. What actually should have been Median based. As what the Middle of a Group does really matter. Rest are just noises. In that sense Pakistan is doing quite okey. The Middle Person is the real representative of society.
     
  13. Zen0

    Zen0 BANNED

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    :crazy: Muslim world? Are they living on mars or somethingn

    By that logic so are you regardless how brainwashed you are
     
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  14. SarthakGanguly

    SarthakGanguly BANNED

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    Religion overdose. :(
     
  15. Deadpool

    Deadpool FULL MEMBER

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    Even there, the author would be wrong.

    Bangladesh economically grew faster than Pakistan in 2016 and will also grow faster than Pakistan in 2017.

    Incorrect. This is the case in some cases only.

    Countries like Bangladesh have indeed turned their GDP growth rates to a much larger improvement in social spheres (health, hygiene, etc), compared to countries like India which fall in the same case (like Pakistan) where GDP growth has not correlated equally to a proportional rise in living standards or health standards.
     
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