Ideally it should
No one knows the magic number of GDP growth after which we go in to balance of payments crisis. That number is also probably increasing given the increase in exports but deeply affected by oil and palm oil prices. I think 5.37 was probably not bad as they had a minimal CAD that year. Also makes me think we may be touching 7 percent this year with all the problems the current account is having. Really pointless to have that 7 percent though if it causes another balance of payment crisis. They are trying to manage with increased interest rates hopefully slowing things down a bit and hopefully cutting back on the inflation some. Need another 2-3 years of big export growth (plus tech) to allow the economy to really grow at 7-8 percent. By then some of the investments in local edible oil production and import substitution will have moved even further ahead.
We know that magic number for years. It's around 4 percent Gdp growth
Numbers tells a different story...or maybe this has just began, the growth story after the initial shocks and covid 19.
Numbers tells a different story...or maybe this has just began, the growth story after the initial shocks and covid 19.
The State Bank of Pakistan's (SBP) latest data showed the private sector borrowing jumped by 508pc to Rs715. 7 billion in the July-December period against Rs117. 7bn in the same period of FY21. ...
.Private sector borrowing sees fivefold rise in 1HFY22
The private sector’s surging borrowings are a clear sign of growing economic activities.www.dawn.com
Half-yearly private sector borrowing exceeds Rs1tr
Bankers say if growth in credit off-take by the private sector continues with current pace, it will certainly set a new record.www.dawn.com
highlighted
...for a small economy like Pakistan need to increase substantially.
This was indeed one of China's tricks to economic rise. Turkey is trying to emulate the same. You debase your currency and make the population more poor than they need to be without a direct pay cut. This will make your exports more competitive automatically because the population is willing to work for less (in real terms). You'll hope that this will in the long terms establish supply chains and industrial base efficiencies that will not move away from your shores when the income level eventually increases.Is our nation full of Ishaq Dars? When are we going to learn that artificially controlling the price of dollar never helped Pakistani economy?
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
GDP in PPP terms do not give you bragging rights in international comparison. Most people in public forums such as these discuss about GDP and per capita just to brag
Authoritarian governments that do not care for reelection can do this more easily than democratic countries. Indian rupee is also over valued in my opinion
Numbers tells a different story...or maybe this has just began, the growth story after the initial shocks and covid 19.
The State Bank of Pakistan's (SBP) latest data showed the private sector borrowing jumped by 508pc to Rs715. 7 billion in the July-December period against Rs117. 7bn in the same period of FY21. ...
.Private sector borrowing sees fivefold rise in 1HFY22
The private sector’s surging borrowings are a clear sign of growing economic activities.www.dawn.com
Half-yearly private sector borrowing exceeds Rs1tr
Bankers say if growth in credit off-take by the private sector continues with current pace, it will certainly set a new record.www.dawn.com
Maybe but it's not working in Turkey
This was indeed one of China's tricks to economic rise. Turkey is trying to emulate the same. You debase your currency and make the population more poor than they need to be without a direct pay cut. This will make your exports more competitive automatically because the population is willing to work for less (in real terms). You'll hope that this will in the long terms establish supply chains and industrial base efficiencies that will not move away from your shores when the income level eventually increases.
Authoritarian governments that do not care for reelection can do this more easily than democratic countries. Indian rupee is also over valued in my opinion
GDP in PPP terms do not give you bragging rights in international comparison. Most people in public forums such as these discuss about GDP and per capita just to brag
my question is simple last night my yearly income was 1193$ and today its 1666 $ wowThis was indeed one of China's tricks to economic rise. Turkey is trying to emulate the same. You debase your currency and make the population more poor than they need to be without a direct pay cut. This will make your exports more competitive automatically because the population is willing to work for less (in real terms). You'll hope that this will in the long terms establish supply chains and industrial base efficiencies that will not move away from your shores when the income level eventually increases.
Authoritarian governments that do not care for reelection can do this more easily than democratic countries. Indian rupee is also over valued in my opinion
GDP in PPP terms do not give you bragging rights in international comparison. Most people in public forums such as these discuss about GDP and per capita just to brag
