GDP growth rate of over 5.5pc to hurt economy: Shaukat Tarin

[Pandora]

That won't be enough. Only 4 percent Gdp growth is possible without getting into a new CAD crisis
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I think they were planning to CAP the CAD at 5-6 billion which should be enough for growth at 5% until exports increase to desired level. Our foreign remittances are also increasing in double digits every year. I would rather not depend on remittance as they might plunge post COVID. Right now closure of borders has a lot to do with increased remitance. Once flight operations become normal pakistanis will be back to old habits of smuggling dollars in cash without declaring them.

 

[Norwegian]

WTF
If imports are banned inflation will go so high..
I mean people are already crying on inflation due to partial ban....a complete ban will cause panic..but i guess not a bad idea..a complete ban will make people like us do more propoganda on inflation and we can bring our glorious leader back sooner then 2023

It's typical Patwari reverse logic
If govt reduce imports = inflation = incompetent govt
If govt increase imports = CAD crisis = incompetent govt

 

[FuturePAF]

If we can’t currently manage grow over 5.5%, what is being done to address the hinderances? We need grow as fast as possible for as long as possible to grow out of the current mess, obviously in a sustainable manner, but it needs to be addressed ASAP.

 

[Jungibaaz]

Macro economy is not run on your opinions. It's based on facts on the ground. Pakistan has no extra dollars to spare like China so that it could artificially control price of USD. That's why it should be left to the free market. SBP should only intervene if USD gets too cheap naturally according to real effective exchange rate and should never artifically support a fix dollar price. Keep the dollar flying. It's the only way to develop Pakistani economy from import based to export based. Good luck

Keep the dollar flying

The fear of flexibility in the exchange rate has been shared by most, if not all, our finance ministers.

www.dawn.com

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By managed I did not mean managed by central bankers or politicians, rather I should have said "moderate". Meaning not too much devaluation, and there's no opinion of mine in this statement, stability is important even if we are to see PKR fall as it has done over the years.

 

[ziaulislam]

If we can’t currently manage grow over 5.5%, what is being done to address the hinderances? We need grow as fast as possible for as long as possible to grow out of the current message, obviously in a sustainable manner, but it needs to be addressed ASAP.

Exports and remittences
They are both growing double digits
Hence u r able to sustain 5.5% growth without CAD crisis

Remeber even at 4% we had CAD crisis in 2012, at 5.2% we had CAD apocalypse not a crisis in 2018

By managed I did not mean managed by central bankers or politicians, rather I should have said "moderate". Meaning not too much devaluation, and there's no opinion of mine in this statement, stability is important even if we are to see PKR fall as it has done over the years.

U can achieve stability only via dollars printing
Can u do that for us?

 

[Norwegian]

If we can’t currently manage grow over 5.5%, what is being done to address the hinderances? We need grow as fast as possible for as long as possible to grow out of the current message, obviously in a sustainable manner, but it needs to be addressed ASAP.

Here are some solutions presented by ADB. Happy reading

https://www.adb.org/sites/default/files/publication/545406/cwwp-008-pakistan-economic-growth-bop-constrained.pdf

 

[American Pakistani]

WTF
If imports are banned inflation will go so high..
I mean people are already crying on inflation due to partial ban....a complete ban will cause panic..but i guess not a bad idea..a complete ban will make people like us do more propoganda on inflation and we can bring our glorious leader back sooner then 2023

If only they understand the alif bay of economics.

The easier way to reduce imports is to tax them. Imo

 

[ziaulislam]

Here are some solutions presented by ADB. Happy reading
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https://www.adb.org/sites/default/files/publication/545406/cwwp-008-pakistan-economic-growth-bop-constrained.pdf

Shsh..
Look if pakistan develops like vietnam or bengladesh then i wont be able to afford 3 maids, a driver that i have for my family and mom.
I wont be able to order fish, dam pokh goat and chicken karhi..


So geo bhutto , maryum nawaz and damn you IK

 

[Norwegian]

If only they understand the alif bay of economics.

The easier way to reduce imports is to tax them. Imo

Taxation on imports never really stopped dependence on imports in Pakistan

 

[ziaulislam]

All my month trip here has cost me liteeally less then a day pay

 

[Jungibaaz]

U can achieve stability only via dollars printing
Can u do that for us?

Quoi?

 

[ziaulislam]

If only they understand the alif bay of economics.

The easier way to reduce imports is to tax them. Imo

This causes inflation..the beast that topples any govt

Right approach..dont tell anyone ..is to simply do import susbtituion and increase exports and remittences..and foreign inflows through pakistani bonds AB WB funds and green funds(by wapda e.g for munda/dasu/bhasha, those will convert to rupees but dollars will add to reserves and pay rate is low)

I just checkes..
Govt has done all of the above to some degrew so u dont need to be quiet i guess

 

[Norwegian]

Quoi?

He is on non stop sarcasm mode lately

 

[ziaulislam]

Quoi?

Please

 

[American Pakistani]

Taxation on imports never really stopped dependence on imports in Pakistan

The idea is to make import expensive and use taxation to educate and create skilled workforce who can make quality products in Pakistan which can be subsidized to lower the price.