GDP growth rate reaches 5.37% : Asad Umar

[RangeMaster]

Intersting will be to see how much of imports are cylical..i.e temporary that is vaccines, machinery imports and to some extent fuel.

But i see a burst coming since govt couldnt really get revenues going.

What it need is to push textiles exports streamline inflows in advance and keep CAD within 2-3%(not happening this year)

The biggest problem is oil hitting 90$ and fact that global deflation is on the horizon
Also every one is reporting growth wrong for 2017 which is weird it was clocked at 5.2(revised) not 5.7(early estimates)

Growth rate mean everything
Ibflation mean nothing if growth out grows it

Are you saying a dollar in 1947 is worth a dollar now in 2020??

Yup that's the problem. It's like a clusterf*k happening now. More problems, less solutions.

Govt needs to cut unnecessary imports. And for God sake stop importing food products. Agriculture Country and importing wheat/ginger....

So you are saying increased exports leads to decreased CAD but here it is the opposite?

Our exports are rising but imports are rising to alarming number as well leading to increase in CAD exponentially. So no clue what you on about.

Yes import bill is rising. Thanks to Covid and global oil prices.

Vietnam has $200+ billion exports. What is ours? In an ideal situation increased exports will lead to decrease in CAD. Import bill will stop somewhere. It will not go infinite.

 

[ziaulislam]

Yup that's the problem. It's like a clusterf*k happening now. More problems, less solutions.

Govt needs to cut unnecessary imports. And for God sake stop importing food products. Agriculture Country and importing wheat/ginger....

Yes import bill is rising. Thanks to Covid and global oil prices.

Vietnam has $200+ billion exports. What is ours?

They holy grail of exports for us therefore isnt textiles

But services..as i said before it has zero material import

We are not moving fast enough there as compared to bengladesh or india

I think short term.solution is subsidize textiles further and get inflows via increasing paceof good projects like dams (and get funding for it)

A lost decade cant be gained in an instant

Our exports dropped from 2010-2020
In real terms that 40b$ at mesger slow pace of 4-5%

You are short 40b$..
For all those who are worried dont be
Saviour is coming back and this time maulana will have some backing from rural KPK

 

[ziaulislam]

So if someone is asking whats the difference between this and 2018 growth
Its exports remittences services increased by 50%
Vs a decrease in 2018

But its not enough

 

[hydrabadi_arab]

GDP is rebased to 2015-16 finally, but only 12% increase in nominal so not much of change as some expected 25%. GDP as of 2020-21 FY Rs55.5 trillion or around $350b with then exchange rate of Rs160.

 

[Zibago]

Yup that's the problem. It's like a clusterf*k happening now. More problems, less solutions.

Govt needs to cut unnecessary imports. And for God sake stop importing food products. Agriculture Country and importing wheat/ginger....

Yes import bill is rising. Thanks to Covid and global oil prices.

Vietnam has $200+ billion exports. What is ours? In an ideal situation increased exports will lead to decrease in CAD. Import bill will stop somewhere. It will not go infinite.

Vietnam has sensible people making policies yahan cheap import chahiye

 

[ziaulislam]

GDP is rebased to 2015-16 finally, but only 12% increase in nominal so not much of change as some expected 25%. GDP as of 2020-21 FY Rs55.5 trillion or around $350b with then exchange rate of Rs160.

Rebasing is not documentayion increae its just formula update

Our bigger problem is lack of retail sector documentation