Pakistan has made impressive progress in reducing absolute poverty & improving shared p: World Bank

[Dubious]

Given the present situation

you mean low oil prices, improvement in technology worldwide and all?

I think the govt isnt very serious about their throne! Loans isnt going to get you anywhere when you havent even managed to make a plan to pay back and EVERY PLAN is work in progress and will remain so for a long time may even get more expensive along the way!

World bank is just behaving like a split personality disorder of indecisive praises or scoldings

 

[VCheng]

Given the present situation, the economy is showing positive signs but in addition to addressing security and energy concerns, it is also important to remember that we need to adopt competitive trade policies in order to be able to offer our labour force to global industry and that is only possible if we revisit our existing policies. Protectionism has kept a number of interested foreign parties out but at the same time, it has failed to allow us to develop any domestic industry as well. As a consequence, we are still stuck exporting mangoes and rice while our marginally more profitable exports like sports goods, leather and surgical goods all face a steady decline.
I think its about time we considered liberalizing our trade regimes a bit and offered investors preferential terms for setting up domestic production facilities. With MENA right next door and Gwadar as a prospective deep sea port, we can turn the Hub and Gwadar special economic zones into Pakistan's industrial lifelines.
So to revise, signs are positive but we need proactive law making in order to ensure that we can build on this impetus and finally achieve our oft-denied goal of being an industrialized economy.

Sir, given the present situation, how does a country leapfrog from the 18th to the 20th century, if not the 21st? It is an impossible task to achieve in a few years. It will take a few decades, at the very least, if at all.

 

[Khafee]

you mean low oil prices, improvement in technology worldwide and all?

I think the govt isnt very serious about their throne! Loans isnt going to get you anywhere when you havent even managed to make a plan to pay back and EVERY PLAN is work in progress and will remain so for a long time may even get more expensive along the way!

World bank is just behaving like a split personality disorder of indecisive praises or scoldings

When was the last time World Bank issued a politically unbiased statement?

 

[Icarus]

Sir, given the present situation, how does a country leapfrog from the 18th to the 20th century, if not the 21st? It is an impossible task to achieve in a few years. It will take a few decades, at the very least, if at all.

East Asia has managed to grow by leaps and bounds and compress about half a century of progress in two decades. So the prospect of an Asian miracle does exist but like I said in the original post as well, I would be tentative before I hold my breath on it.

 

[VCheng]

East Asia has managed to grow by leaps and bounds and compress about half a century of progress in two decades. So the prospect of an Asian miracle does exist but like I said in the original post as well, I would be tentative before I hold my breath on it.

East Asia has indeed progressed, but much of South Asia has not. Afghanistan to Burma, and all the bits in between remain in the doldrums. Yes, there is some progress, but not anywhere near what is needed to catch up to the rest of the world or the potential that is being wasted.

 

[Scavenger]

No. There are many things to consider, when looking GDP as related to employment, such as standard of living, inflation, the current needs, min wage, basic income...etc. For Pakistan, it only really need to keep its unemployment at 5% and it will be fine in the long run, India is a different story altogether.

How?
This is just about matching new labour entering the markets to finding employement for them. Higher or lower Standard of living would just mean higher or lower salaries, but this is just about generation of employement, not about salaries in the market, minimum wage, basic income, etc.