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

[ziaulislam]

Nothing new mate. This has been going on for decades. The country is in absolute shambles, and heading for an economic disaster, and I don't say this lightly. CORRUPTION by Ruling and Military Elites has sucked every once of blood from this country.

BS
paksitan was doing great under nawaz sharif
We had great growth rate of 5.2
Sure we had deficit of 24b$ but who cares about deficits..we have IMF to help us..

IK incompetence he didnt go to IMF despite IMF stating please come here..ihsan iqbal said same that his arrogance is why things got so bad..
If we had gone to IMF earlier our growth qould have been 10% and rupee would have improved back to 100

Also during PMLN era our exports increased from 25b$ to 21,000m $ several fold increase

Remeber vietnam imports went from 50b$ in 2009 to 250b$ in 2021..so imports arent a bad thing (sure vietnam exports also went up to 270b$ but thats not important)

 

[ARMalik]

BS
paksitan was doing great under nawaz sharif
We had great growth rate of 5.2
Sure we had deficit of 24b$ but who cares about deficits..we have IMF to help us..

IK incompetence he didnt go to IMF despite IMF stating please come here..ihsan iqbal said same that his arrogance is why things got so bad..
If we had gone to IMF earlier our growth qould have been 10% and rupee would have improved back to 100

Also during PMLN era our exports increased from 25b$ to 21,000m $ several fold increase

Remeber vietnam imports went from 50b$ in 2009 to 250b$ in 2021..so imports arent a bad thing (sure vietnam exports also went up to 270b$ but thats not important)

Pakistan also did extremely well under Zardari, every thing was BOOMING ! There are Angels flying around in Pakistan. Let's see what happens when the Military gets bored of incompetent Imran Khan, and decide to bring in a NEW PET like Bisexual Bilalwal Bhutto. Hopefully Bilalwal can really concentrate on improving this country, maybe really improve the LGBT culture as well here.

 

[Vapnope]

Can anyone point out towards structural reforms done by PTI1 to grow economy?

Everyone knows that we have a huge problem of Imports but do explain how PTI has worked to move Pakistan to a service based economy and towards a manufacturing based industry. Thanks.

 

[ziaulislam]

Pakistan also did extremely well under Zardari, every thing was BOOMING ! There are Angels flying around in Pakistan. Let's see what happens when the Military gets bored of incompetent Imran Khan, and decide to bring in a NEW PET like Bisexual Bilalwal Bhutto. Hopefully Bilalwal can really concentrate on improving this country, maybe really improve the LGBT culture as well here.

Agree the 1 crore voters of lahore for PMLN and 1 crore voters in KPK karachi for PTI were all ISI agents..let see how lany more agents will ISI deploy
Surely it will bilawal sister a.k.a maryum nawaz this time..doubt it she is from LGBT
Let see

 

[Zibago]

pak maintained hi growth rate ( based on imports )?

Yep public spending and consumption fueled by debt were behind the 5.7 figure they celebrate so much

Pakistan’s PML-N delivers economic growth, but at what cost?

Despite strong economic growth, Pakistan faces rise in fiscal and trade deficits that could kill growth.

www.aljazeera.com

Our exports took a battering

Post-mortem: Pakistan’s alarming export decline in PML-N govt

www.samaa.tv

cant maintain hi growth rate @ 5.5 .... ( means the above point was a LIE !)

If its not backed by significant rise in exports its not sustainable we saw that when Pakistan almost defaulted on its payment even before 2018 elections

Economic crisis worsens in interim govt

ISLAMABAD - Pakistan's economic situation has further deteriorated during short tenure of the incumbent caretaker government that neither has intervened in the

nation.com.pk

Everyone knows that we have a huge problem of Imports but do explain how PTI has worked to move Pakistan to a service based economy and towards a manufacturing based industry. Thanks.

Well

Pakistan’s textile exports reach a record high

The export of textile products registered 25.6 percent growth in October FY22 compared to the corresponding month of FY21.

www.globalvillagespace.com

https://www.pta.gov.pk/index.php/en/media-center/single-media/local-mobile-manufacturing-surpasses-mobile-phone-import-260821

Export of services rises to $1.572bn in Q1

The commerce ministry has projected a $7.5 billion target of services exports for the year 2021-22.

www.dawn.com

 

[ziaulislam]

Yep public spending and consumption fueled by debt were behind the 5.7 figure they celebrate so much

Pakistan’s PML-N delivers economic growth, but at what cost?

Despite strong economic growth, Pakistan faces rise in fiscal and trade deficits that could kill growth.

www.aljazeera.com

Our exports took a battering

Post-mortem: Pakistan’s alarming export decline in PML-N govt

www.samaa.tv

If its not backed by significant rise in exports its not sustainable we saw that when Pakistan almost defaulted on its payment even before 2018 elections

Economic crisis worsens in interim govt

ISLAMABAD - Pakistan's economic situation has further deteriorated during short tenure of the incumbent caretaker government that neither has intervened in the

nation.com.pk

Well

Pakistan’s textile exports reach a record high

The export of textile products registered 25.6 percent growth in October FY22 compared to the corresponding month of FY21.

www.globalvillagespace.com

https://www.pta.gov.pk/index.php/en/media-center/single-media/local-mobile-manufacturing-surpasses-mobile-phone-import-260821

Export of services rises to $1.572bn in Q1

The commerce ministry has projected a $7.5 billion target of services exports for the year 2021-22.

www.dawn.com

As much as i would like to celebrate my great leader nawaz sharif growth it was 5.2% not 5.7% per final numbers..5.7% was projected numbers

 

[Pakistan Space Agency]

Tujay pata hai na tu bata day ...

Well, you're the one who's moaning and whinning about trade deficit increasing from $20 billion in 2013 to $37 billion in 2018.

If the Shaikh Chillis have a problem with that, what was the alternative?

Was Imran Khan going to bend over and fart exports out, or something?

 

[ziaulislam]

 

[Zibago]

If the Shaikh Chillis have a problem with that, what was the alternative?

Couldve focused on exports but no bus Lahore ki sarkein bana do industry jaye bhar mein

Over four years of PML-N, Pakistani exports take a major hit

By the end of 2016-17 fiscal year, export receipts have over the past four years on the bounce have been sliding big time – by as much as 17 percent compared to where they stood in 2013 post PPP’s

profit.pakistantoday.com.pk

 

[blueazure]

Nothing new mate. This has been going on for decades. The country is in absolute shambles, and heading for an economic disaster, and I don't say this lightly. CORRUPTION by Ruling and Military Elites has sucked every once of blood from this country.

Yes correct.

Corruption cannot go on forever, someone has to pay the bill .. it's unsustainable..

Weimar Germany had 9 years of hi inflation and then suddenly, there was hyper inflation...

Dr Farrukh saleem says the circular debt of 2200bn alone will break the economy.

Allah knows best

 

[Norwegian]

This is probably the most important revelation about the state of Pakistani economy that I have read in past 12 months. So it appears that we cannot even tolerate the increased GDP expansion because even current all-time-high foreign reserves are not enough to absorb the burden of imports when economy is growing faster than 5.5%.

I have heard many economic experts & state official stating on record that Pakistan only need foreign reserves to cover the imports for 6 months.

After what happened with the spike in crude oil prices in 2008 and recent spike in economic growth proves that Pakistan needs foreign reserves at least amounting to 1/3 the size of her GDP. The outdated economic theory of Zia time of maintaining of foreign reserves to cover only 6 months worth of imports is just not good enough.

Lol who came up with this theory of 6 months import?

 

[American Pakistani]

taxation doesn't always solve problems. If the imported goods are a necessity because we don't produce alternatives locally, taxation doesn't have major impact on bringing down imports.

Our major import is petroleum. Govt should remove all subsidy from it and in fact impose hefty tax on non commercial consumers. Only commercial consumers should get a bit subsidy in form of tax return at the end of the year. Export oriented business should get the most subsidy.

Second import taxation should be on imported clothes and ready made garments.

Third should be on luxury food items like Swiss or American cheese or similar.

Imported cars and automobile should also be taxed.

 

[PakSword]

Our major import is petroleum. Govt should remove all subsidy from it and in fact impose hefty tax on non commercial consumers. Only commercial consumers should get a bit subsidy in form of tax return at the end of the year. Export oriented business should get the most subsidy.

Second import taxation should be on imported clothes and ready made garments.

Third should be on luxury food items like Swiss or American cheese or similar.

Imported cars and automobile should also be taxed.

If you increase tax on petroleum, it will increase your cost of electricity. Your exports will struggle to compete in the international market.

 

[Zibago]

Lol who came up with this theory of 6 months import?

Probably the idiot known as Farukh Saleem

 

[Crimson Blue]

Lol who came up with this theory of 6 months import?

According to article article, IMF suggests to keep reserves of only 3 months now. Pakistani policy makers are probably little more liberal and increased it to 6 months.

Theses 6 months would probably give them enough time to raise more US dollars by asking Saudi Arabia or take out more loans.