How Pakistan can achieve a $1 trillion economy

[ziaulislam]

Balance of payment solution is exports. Look at Bangladesh, their GDP per capita is now higher then India and they are not going to IMF and neither their currency is artificially overvalued.

Or controlling your imports/import subsitution or remittance

All three have equal effect with import subsitution being the best and most stable of all three

 

[ziaulislam]

We can easily migitate 10b$ by focusing on food and energy sector

 

[Nasr]

Only solution is end corruption with View attachment 612185

Hanging the likes of jahil-zardari, taqla-nawaz, khanzeer-altaf, harami-diesel isn't enough .... hunt down all of their known associates and put them in front of a firing squad. These b@$tards need to be shot in the head, in public. Make an example of them, so that if any new generation politicians try something like these p!g$, they would know what the end result is.

 

[jupiter2007]

Only solution is end corruption with View attachment 612185

Public hanging for Corruption...... Unitarian government with NFC awards going directly to each division and then distribute to each district.

 

[Adil Khan Kakar]

We already are a 1.2 trillion dollars economy in PPP terms.
So guys stop crying and keep your advice with yourself. Thanks

 

[EpiiC]

Answer to the punch line: By keeping Imran Khan PM for the full term.

NO! Imran can talk but no action, what has Imran Khan done for Pakistans illteracy rate? He promised war on illteracy. 58%.

 

[LimaCharlie]

Only solution is end corruption with View attachment 612185

No, better

 

[bluesky]

Another major issue is the revival of around 190 state-owned enterprises (SOEs) which make up almost 40% of the GDP. Their annual losses are nearing Rs 200 billion against a profit of nearly 190 billion in 2013-14.

Their debt and liabilities are over Rs1 trillion and the government spends over Rs 600 billion each year to keep them afloat. Biggest losses are in the power sector, PIA, Railways and Steel Mills and it is a huge challenge for the PTI government to stop the losses and turn the SOEs around.

The two paragraphs above say why it will be difficult to achieve a faster growth. It is wiser to sell the losing enterprises to the private investors, and within a few years the economy will turn around.

Today's Pakistan should follow the good examples when Ayub Khan was the President.

 

[Enigma SIG]

Only solution is end corruption with View attachment 612185

President Alvi should sign an ordinance declaring Corruption as a crime punishable by death and public hanging or decapitation by guillotine.

You should be curious about the cash flows from those industries. How much of the profit stays and gets spent in Pakistan and how much of debt you guys incur. You guys have a great military relationship. But their biggest asset is their economy. Put some tough clauses about local sourcing and offsets.

No one is willing to work in this country. Why else do you think a country of 200 million is lagging behind? You call an electrician to do some work in your house and he shows up 2 days later. Ask him why he'll say he was sleeping the day off.

 

[AZADPAKISTAN2009]

Only solution is end corruption with View attachment 612185

This is the main reason why China has progressed , total destruction of corruption
Death Penalty

 

[FuturePAF]

Oil prices are crashing, American Crude is trading at 28$ per barrel at the moment. With coronavirus scare slowing down chinese manufacturing Pakistan should take this opportunity to boost its industrial base.

Industry & manufacturing is the basic step other measures can follow

Modernize agriculture to create surplus products to feed into the industrial value added industries. Re-invest as much as possible into industries Pakistan can become competitive in for the long term, and circulate the profits to develop enough service jobs to bring up the standard of living to decrease the lost productivity due to preventable injuries and illnesses. Become as efficient in resource management and maintain the right environment to draw investment by generate better ROI for foreign investors. Most developed countries have gone through a similar pattern, the difference is how quickly it can be done so as not to squander the demographic dividend before another counties undercuts your country as you age out of labor intensive industrialization methods.

 

[EGalois]

Pakistan can learn from Bangladesh. They are easily on the way to a 1 trillion economy.

 

[EGalois]

Truth is, nobody in Pakistan knows. The Chinese build really good complexes and other infrastructures all over Pakistan. They build good hospitals and other institutions. They run them really well too as most employ mainly Chinese staff. As a result no one says anything to them and they do as they please. Even the religious fundamentalists and terrorists don't bother the Chinese in Pakistan. It is rumoured that they have been paid off by the Chinese.

When you want foreign investment, of course you need to let them make profits or else who would invest? But do make sure to properly tax them after the first few years, and use the tax money, as well as the skills you've learned working with the Chinese, to set up your own domestic brand. This is what China did in the 1990s.

 

[imrankhan7250]

Just make Karachi a seperate province and we will give you a trillion dollar economy in Karachi alone.

 

[Armchair]

1. Privatize all businesses run by government and government agencies
2. Create new targeted industries and then privatize them via selling their publicly traded shares.
3. These can include a fishing industry, watch making city, Pak national car industry, coffee plantations, optics industial city, etc
4. Pak Mall. A small mall run by Pakistanis and selling Pakistani goods. Shops in the lower floors, living quarters in the higher floors. These malls would then be set up in every part of the world, largest cities first. The shops would be sold to Pak business men, and the malls set up as a corporation, privatized via floating stock market shares.
5. Develop local small scale steel industry based on local Pakistani iron ore and coal. Proper steel mills imported that are commercially viable perhaps from Europe or China rather than an outdated steel mill from Soviet era running on imported coal and iron ore.
Privatize via stock market
6. Establish national works to build new towns, new plantations, new large farms, new canals. Plant commercially valuable trees not just random tree types.
Sell such properties as new farms, houses, plantations, etc on public auctions to the public.