Menace2Society
ELITE MEMBER
- Joined
- May 2, 2011
- Messages
- 10,410
- Reaction score
- 7
- Country
- Location
What is needed to sustain 7% year on growth for 20 year period?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
no need to enforce, provide!I agree with @ziaulislam, we Need to ENFORCE Primary Education on every single citizen of Pakistan (specially in village and backward areas), need to bring educational reforms at alarming rates, need to make a vision for next 10 years, and propose a Special 'Education Related Budget', need to Ban all madrassas and force the students from madrassas to GO TO SCHOOL ...
these problems in Pakistan can only be solved with long term plannings, no short term solutions can help us get rid of this mess.
And War against TTP is far from its last stages Bro, We have to clean a lot of mess in our country.
for 2-3 years than what?50Billion dollars?
Infact even 5Billion dollars FDI alone from chinese side will push our growth for more than 6%.
for 2-3 years than what?
your positive attitude is good but it wouldnt change the reality and will not bring any foreign investment other than special investment with high returns and will still not get us sustainable growthi totally disagree , good A class engineers are available in our country , our standard of engineering universities is good . To support these engineers we have a huge pool of skilled labour available, in the steel mills , oil refineries , textile mills , construction companies all local skilled labour is working and there is no problem . I dont believe that only if we have education 95 percent , then we can achieve 6- 7 percent growth . I am an engineer and i know how much skilled labour is avaiblle in Pakistan . I believe our enterpenure and give has to go hand in hand and invest in our industrial production . This is the only way forward .
do you think 4% gowht even for 50 years will change anything. we will be the same as we were in 1960s vs look at south korea who started worse than us in 1960s and were developed by mid 90s.With FDI of just 1.6Billion dollars,we achieved more than 4% growth and with almost similar,we might achieve close to 5% this year.
5Billion dollars each year from china let say 2-3Billion dollars from the rest of the world.With a constant 7-8Billion dollars FDI every year followed by stability onwards the zarbeazb,i think even maintaining 7% for a decade is possible
I was just wondering what would (almost) 50 billion dollar expected foreign investment do to Pakistan's GDP growth rate in the next decade?
do you think 4% gowht even for 50 years will change anything. we will be the same as we were in 1960s vs look at south korea who started worse than us in 1960s and were developed by mid 90s.
they knew that education, health and business/system reforms are needed.
we are looking for mega projects and disproportionate unsustainable growth.
With FDI of just 1.6Billion dollars,we achieved more than 4% growth and with almost similar,we might achieve close to 5% this year.
5Billion dollars each year from china let say 2-3Billion dollars from the rest of the world.With a constant 7-8Billion dollars FDI every year followed by stability onwards the zarbeazb,i think even maintaining 7% for a decade is possible
i am not discussing growth here, any investment will bring that.I never said 4% is enough because anything below 5% for a developing country is bad.
With FDI of just 1.6Billion dollars,we achieved more than 4% growth and with almost similar,we might achieve close to 5% this year.
5Billion dollars each year from china let say 2-3Billion dollars from the rest of the world.With a constant 7-8Billion dollars FDI every year followed by stability onwards the zarbeazb,i think even maintaining 7% for a decade is possible
let say we build a 2.3 billion dollar road this would instantly add 1% gdp growth to your countryand since when is growth rate a function of FDI ?
$33 billion would be used to produce 16520MW.I was just wondering what would (almost) 50 billion dollar expected foreign investment do to Pakistan's GDP growth rate in the next decade?
let say we build a 2.3 billion dollar road this would instantly add 1% gdp growth to your country
50 billion in 5 years will instantly add 3-4% to existing growth our 5 years. i am not counting the other effects, just counting the project itself.
investment is not a function of growth rate but investment adds to growth
fact is if we miss education now, we are doomed for next 30 years, we we missed it in 60s and 70s and were doomed till today
and the main driver for that environment is education. yes because of so many huge returns and tax holidays you will get such investments and but this wouldnt be a sustainable investment or growthMy point is that growth is not dependant entirely on FDI. Small FDI is easy to get, big companies have millions of dollars to throw away at $hit countries like ours, its no big deal to them....And on top of that Pakistan gives them tax holidays and incentives and other non-sense....Whereas the real local investors know what the actual situation is and it's bad so they don't invest. All you need to do is make an environment where local investors would want to invest.
50 billion in ten years would be 5 billion per year. 10% of 5 billion is 500 million. Pakistan's GDP is 232 billion. 500 million makes 0.2% of 232 billion. So there you have it, investment of 5 billion per year will add 0.2% to our GDP growth rate.I was just wondering what would (almost) 50 billion dollar expected foreign investment do to Pakistan's GDP growth rate in the next decade?