Pakistan becomes the 5th Fastest growing economy in the world

[.]

After India,Filipinos,Chinese and Vietnamese Pakistan ranks 5th among the countries with fastest gdp growth rate.
However the current Governments liberalization policies of the economy are appreciative as they are but countries like Iran and Russia have not yet taken part in the economic corridor even though they've got the policy drivers to do so,The government of Pakistan needs to realize this and invite these countries.

Downsides for Pakistan's economy
-Unemployment is hugely messed up ,Almost at 6 percent .
To get rid of this ,Pakistan needs to start industrializing its export market and create jobs in different sectors,Most of our eatables like fruits and Rice needs to be industrialized and need to get a helping hand from the Government in the private sector..
Production needs to go up and is well below par ,More to add ,we need to give our economy some living space because we're geo economically restricted.
Government needs to move into central asian states and do it now to increase its trade..
-Debt
“Essentially, the economy is embarking on a gamble that the surge in externally-funded investment will generate sufficient growth to allow the economy to pay back its foreign loans,” said BMI. “The economy could find itself in the difficult position of having to repay large foreign loans with insufficient export revenues, similar to the situation that Sri Lanka currently finds itself in.”

https://www.bloomberg.com/politics/...concern-dismissed-by-pakistan-as-gdp-quickens

Let's hope our Government pays back its debt through a strong GDP growth rate which is expected,but in order to do so ,We need to raise our trade barriers ,create employment and keep the inflation down among other macroeconomic reforms..
Question -1
Can Industrialization help Pakistan?

PS: I haven't ever read economics ,So kindly ignore mistakes if any.

 

[Genesis]

Concern over repayment is over blown. Whether Pakistan can repay or not is not the issue. The issue is people forget why China and Pakistan are such good allies in the first place. India.

It is true, China cannot dominate the China seas yet, nor can China effectively project power into the IO yet. But this day will come, and it sure as hell will come a lot faster than India will. So that means at that point Pakistan will be the most important ally China can have.

At that point in time, there isn't much Pakistan couldn't demand out of this relationship. Geopolitics concerns has always been more important than economic ones, even when it doesn't make sense.


What I will say about Industrialization is that it takes time, but more importantly, it's done at a time when competition is far greater than at any point during China's time. This is for a few reasons, the chief among them is that the service first model of India and ASEAN has proven defective and China, Japan, Korea, US, Britain's model of industrialization has once again reign supreme. Also, it is 2017, robotics isn't big yet, but it will be, that also never existed during China's earlier years.

All in all, I say do what Deng said, one step at a time, improvise as you move. No one can have a perfect plan.

 

[.]

Holy mother of mercy ,How the F*** the public debt went up from 2007..
Zardari and his Co have raped this country :-( and we still let thugs do politics

 

[Mo12]

Wow well done Vietnam for being the 4th fastest growing economy.

Its great to see them doing so well.

 

[Lucky Breeze]

Of course we need heavy industrialization. Unemployment is a huge issue.

But cartel mafia is the biggest enemy of the economy of this country. They are involved in Tex frauds and artificial inflation. Plus government should carely handle interest rates.

 

[SrNair]

Concern over repayment is over blown. Whether Pakistan can repay or not is not the issue. The issue is people forget why China and Pakistan are such good allies in the first place. India.

It is true, China cannot dominate the China seas yet, nor can China effectively project power into the IO yet. But this day will come, and it sure as hell will come a lot faster than India will. So that means at that point Pakistan will be the most important ally China can have.

At that point in time, there isn't much Pakistan couldn't demand out of this relationship. Geopolitics concerns has always been more important than economic ones, even when it doesn't make sense.


What I will say about Industrialization is that it takes time, but more importantly, it's done at a time when competition is far greater than at any point during China's time. This is for a few reasons, the chief among them is that the service first model of India and ASEAN has proven defective and China, Japan, Korea, US, Britain's model of industrialization has once again reign supreme. Also, it is 2017, robotics isn't big yet, but it will be, that also never existed during China's earlier years.

All in all, I say do what Deng said, one step at a time, improvise as you move. No one can have a perfect plan.

Have you been in Chinese policy making committee?
If the geopolitics to counter us is the issue then we have enough clout to unnecessarily increase the expense of Chinese activities at an exaorbitant level.

This is what one of the greatest economist said
"There's no such thing as a free lunch"
:Milton Friedman.


On topic:Congratulations Pakistan.

 

[WhyCry]

Concern over repayment is over blown. Whether Pakistan can repay or not is not the issue. The issue is people forget why China and Pakistan are such good allies in the first place. India.

It is true, China cannot dominate the China seas yet, nor can China effectively project power into the IO yet. But this day will come, and it sure as hell will come a lot faster than India will. So that means at that point Pakistan will be the most important ally China can have.

At that point in time, there isn't much Pakistan couldn't demand out of this relationship. Geopolitics concerns has always been more important than economic ones, even when it doesn't make sense.


What I will say about Industrialization is that it takes time, but more importantly, it's done at a time when competition is far greater than at any point during China's time. This is for a few reasons, the chief among them is that the service first model of India and ASEAN has proven defective and China, Japan, Korea, US, Britain's model of industrialization has once again reign supreme. Also, it is 2017, robotics isn't big yet, but it will be, that also never existed during China's earlier years.

All in all, I say do what Deng said, one step at a time, improvise as you move. No one can have a perfect plan.

China never leaves money behind. African continent is a small example for consideration.

 

[Genesis]

Have you been in Chinese policy making committee?
If the geopolitics to counter us is the issue then we have enough clout to unnecessarily increase the expense of Chinese activities at an exaorbitant level.

This is what one of the greatest economist said
"There's no such thing as a free lunch"
:Milton Friedman.


On topic:Congratulations Pakistan.

Have you? This is an internet forum, not a senate hearing.

Also, you have a pretty high opinion of yourself, we are the biggest trading partner of most of the world, including almost all of the developed world, like Germany, America and Japan. We have the second highest military spending and it's not close, we are one of two nations to currently field a fifth generation fighter, and we are the second fastest growing economy, despite being the second biggest economy already.

I am not saying India can't cause problems, clearly it can, hence my statement, but that time is not now. You can say you can export missiles to Vietnam, but in the world of arms deals, nothing is set in stone, especially a country like Vietnam. Who is very much like Turkey, want to get out of the orbit but is only too aware that they are right next to the big bad wolf. Look how that went. Even from your own experience, I seen countless articles that said that frigate deal is done, you know who's making them now?

As to the economist, I said it doesn't always make sense, but it happens. If not then Japan and America should really tone down the rhetoric, and for that matter India too, since we are also your biggest trading partner.

China never leaves money behind. African continent is a small example for consideration.

Really, this is based on what? You can't possibly have any evidence, for one thing, China African relationship hasn't reached critical yet. When China and the West really starts to compete for geopolitical influence, then you can make a judgement. For now, Africa is just a trading partner, and being that it is only economics at this point, what did you expect.

I never said China hate money, just that at some point in the future, in South Asia, a Pakistani friendship will mean so much more than money.

 

[Beny Karachun]

Its easy to grow from nothing, there is no way down, just up.

 

[Pakistani E]

I hope to God Pakistani policy makers do not think that Agriculture or Services based economy is the only solution but also invest in establishing an industrial base. We have the resources in terms of labour and materials, what we need is expertise and funding. These can only come through co-operating with countries that do have these.

Pakistan faces two main challenges in my personal experience and opinion, Corruption and Lack of Security. Even I wanted to invest in setting up a small scale Industry, but I refuse to give even a penny of my hard earned cash to bribe some khota to get everything in order etc, while on the other hand security is still a concern although it is improving.

If the Pakistani government wants ex-pats like me to come back and set up base permanently there, then they need to address these two major concerns.

 

[313baberali]

This is just a bubble,because Pak main sector Agriculture is on decline, farmers are suffering, you can imagine we are now importing cotton.if gov not solve this problem soon .agriculture sector will eat all this growth .and we will nlot find any one to cultivate our lands and people left villages and start living in cities

 

[Pakistani E]

Its easy to grow from nothing, there is no way down, just up.

Indeed, it is nothing to grow from being a nation crippled by terrorism, mass power shortages, and investor flight to becoming the 5th fastest growing economy within the span of 7-8 years.

This is just a bubble,because Pak main sector Agriculture is on decline, farmers are suffering, you can imagine we are now importing cotton.if gov not solve this problem soon .agriculture sector will eat all this growth .and we will nlot find any one to cultivate our lands and people left villages and start living in cities

Farmers are suffering because our parliament is full of feudals who do not give a sh!t about the farmers and peasants. No major agriculture reform since God knows how many years. I really don't know what is inside the brains of the people running this country.

 

[RangeMaster]

This is just a bubble,because Pak main sector Agriculture is on decline, farmers are suffering, you can imagine we are now importing cotton.if gov not solve this problem soon .agriculture sector will eat all this growth .and we will nlot find any one to cultivate our lands and people left villages and start living in cities

USDA projects 14 pct surge in Pakistan’s 2016-17 cotton output
.......

KARACHI: Pakistan’s cotton production is likely to increase 14 percent to 8.0 million bales (480-pound bales) during the current crop season of 2016/17 as extra moisture following hefty monsoon this year swells yields, the USDA said.

The USDA said area harvested is estimated at 2.5 million hectares (mha), down 0.3 mha or 11 percent from last year while yield is estimated at 694 kilograms per hectare, up 28 percent from last year.

James Crutchfield at the USDA said growers had grown more corn and sugarcane this season and reduced cotton acreage.

“Corn and sugarcane producers benefit from tariffs that insulate domestic market prices from the international market, while cotton producers face lower prices and competition from cotton imports”.

Yield is forecast to rebound this season as farmers exercise greater caution not to repeat last season’s attempts to lower input costs in response to low market prices.

In 2015/16 growers reduced pesticide applications which resulted in a 30 percent decrease in yield due to severe whitefly infestations. Yields in 2015/16 were 544 kilograms per hectare, the lowest in the past 17 years.

The country spent around $4 billion last year on cotton imports to support its ailing textile industry, after erratic rainfall and drought in cotton fields damaged cash crop.

Pakistan is the fourth largest producer of cotton in the world, behind China, India, and the United States, and has the third-largest spinning capacity in Asia after China and India.

The cotton industry provides employment to some 40 percent of Pakistan's industrial workforce and the country also earns around $12 billion annually from export of cotton and cotton products.

The USDA has projected Pakistan’s 2016-17 wheat production at 25.3 million tons, up 0.8 percent compared with 25.1 million tons last year.

Area harvested is estimated at 9.23 million hectares (mha), up 0.3 mha or 0.3 percent from last year while yield is estimated at 2.74 tons per hectare compared to 2.73 tons per hectare last year.

It may be mentioned here that Economic Coordination Committee (ECC) has allowed export of 0.9 million tons of wheat this year.

As far as rice is concerned, USDA has projected Pakistan’s 2016-17 production at 6.9 million tons, up 2.99 percent compared with 6.7 million tons last year.

Area harvested is estimated at 2.8 million hectares (mha), up 2.2 percent from last year while yield is estimated at 3.7 tons per hectare compared to 3.67 tons per hectare last year.

 

[ali_raza]

coton is only silver lining in pakistan

 

[Hassan Guy]

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