• Saturday, September 23, 2017

Pakistan; The Fastest Growing Muslim Economy: The Economist magazine

Discussion in 'Pakistan Economy' started by farhan_9909, May 11, 2015.

  1. farhan_9909

    farhan_9909 PROFESSIONAL

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    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

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    anyone with the economist subscription in the forum?

    Original Source

    http://www.economist.com/indicators
     
    Last edited: May 11, 2015
  2. HariPrasad

    HariPrasad ELITE MEMBER

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    Good luck to Pakistan and India.
     
  3. farhan_9909

    farhan_9909 PROFESSIONAL

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    can we expect the era like 2004-05?India and pakistan both having +7%-8% growth rate
     
  4. HariPrasad

    HariPrasad ELITE MEMBER

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    let us hope. India has 7.6% and shall cross 8% in next year. hopefully under the mature leadership of Nawaz {akistan shall also supass the prediction of something around 4%. Just control the inflation.
     
  5. The Great One

    The Great One BANNED

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    This is the best I could find

    IMF Survey : Asia: Stabilizing and Outperforming Other Regions
    [​IMG]

    Even if Pakistan did grow by 5.7% which is the first time I am seeing so high a number for CY15, East Pakistan with 6.8% will beat you. Sorry
     
  6. RAMPAGE

    RAMPAGE SENIOR MEMBER

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    Pakistan Pakistan hota hai, East ho ya west! :D
     
  7. wiqi21

    wiqi21 FULL MEMBER

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  8. Devil Soul

    Devil Soul ELITE MEMBER

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    indicate.png
     
  9. ito

    ito ELITE MEMBER

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    Are they projections or are real data? If projections then I am not interested.
     
  10. WAR-rior

    WAR-rior SENIOR MEMBER

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  11. farhan_9909

    farhan_9909 PROFESSIONAL

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    Projection changes within months.Most of the economic indicators are positive along with the decrease in terrorist activities.

    In late 2013 IMF projections,they predicted 4% growth rate for Pakistan in 2017-18 and today they have set 4.7% for this year.Infact for Pakistan,they change the projection atleast 3-4 times in a single year.
     
  12. WAR-rior

    WAR-rior SENIOR MEMBER

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    So u mean these projections have a fragile tolerance both towards + or - .
     
  13. farhan_9909

    farhan_9909 PROFESSIONAL

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    I agree though considering the positive indicators, most likely the growth rate will accelerate further onwards 2016.
     
  14. WAR-rior

    WAR-rior SENIOR MEMBER

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    Well I am a theorist in economics but not without practical understanding of some logic.

    Can u explain us what steps Pakistan is taking structurally to increase this growth rate?
     
  15. Kambojaric

    Kambojaric SENIOR MEMBER

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    Inflation has decreased substantially over the past year so interest rates should keep falling which in turn will ofc boost our growth rate. Reserves too have grown to around 18 billion now and expected to reach 20 billion by the end of this year. Two years ago the reserves were down on 3 billion.

    Fall in commodity prices pushes inflation further lower - The Express Tribune

    Pakistani rupee gains as inflation at 11-year low points to further rate cuts