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nice trick by the government....All they had to do was get more loans from IMF to reduce dollar price, now our not THAT impressive GDP in ruppees is alot more in USD.
using IMF loan...
the currency is not freely traded, so all we have is just ~25 trillion ruppees GDP. you cannot convert this to a dollar figure properly.
Gov. "rigging" the numbers (do you see a trend here ) to show higher growth figures than reality. Actual growth is probably much less than what we'll hear from the government.
Hahahaha lol....
nice trick by the government....All they had to do was get more loans from IMF to reduce dollar price, now our not THAT impressive GDP in ruppees is alot more in USD.
using IMF loan...
the currency is not freely traded, so all we have is just ~25 trillion ruppees GDP. you cannot convert this to a dollar figure properly.
Gov. "rigging" the numbers (do you see a trend here ) to show higher growth figures than reality. Actual growth is probably much less than what we'll hear from the government.
With change in base year,Nigeria is now the biggest GDP of africa,Bangladesh economy also was increased by a huge %age when they changed the base year
Nigeria GDP got a increase of 60% with base year,But i am expecting only max 35% and minimum 25% increse for Pakistani GDP
Wait for the change in base year next year(2015),I am expecting the GDP to Jump to 360-380Billion dollars next year.
Change in base? What are you referring to?
Edit: Oh, I got it.
Do you have any information when was the last time Pakistan re-based its economy? And how do you know that Pakistan will be rebasing its economy this upcoming year?
Pakistan Changed the GDP Last time in 2005 Under Musharaf.
Dar Sahab has claimed that we will change it in the FY 2015-16
OH MY GOD!!!! Could someone tell this genius what does the term GDP actually mean? and how its measured???
I guess if people writing these silly anti-Pakistani government posts REALLY knew their topics before posting stuff out of thin air, without having basic knowledge, they won't be accusing for rigging either!!! So many people have no clue about complex and large scale topics. YET, they post like no one else knows any better!
Which means it can still be delayed even further .Dar Sahab has claimed that we will change it in the FY 2015-16
Just in case, $250+ billion GDP is as of June 2014 when FY ended. By june 2015 GDP should be $280-290 billion depending on growth rate, exchange rate, inflation.