Pakistan is now a $300-billion economy "Growth rate hits nine-year high of 5.28pc"

[Awan68]

only game of figures... poor is getting poorer and rich are getting more.

 

[waleed3601]

as long as HDI isn't going up and standard of living isn't improving it's all useless.

 

[Awan68]

as long as HDI isn't going up and standard of living isn't improving it's all useless.

Standard of living is improving ten folds around u, open ur eyes man, people have a lot more purchasing power than thy had 5 yrs ago...

 

[oOo]

With kind of mess Pakistan has been in, they are doing OK on economy front. I wish they have not sell out their true assets: tangible and intangible to maintain this humble growth.

Good effort !!

 

[UKBengali]

Well done to Pakistan to reach this milestone.

Hopefully Pakistan can now grow even quicker into the future.

 

[waleed3601]

Standard of living is improving ten folds around u, open ur eyes man, people have a lot more purchasing power than thy had 5 yrs ago...

living conditions are just as pathetic as they were 10 years ago. there are more services available now, but the basic problems like water, electricity, sewerage, environment are in the same pathetic condition.
besides that the poor people are still poor, with no access to education and healthcare. without these 2 things they can't look towards social mobility.

 

[Randiana2012]

We need to be 1 trillion economy ASAP.

Then vote for Nawaz Shareef next time.

 

[Alternative]

Census isn't complete yet but if Pak population is 200 million then per capita is $1525.

One must think about the 'parallel economy', that is, undocumented economy of Pakistan: Legit businesses nowhere accounted for.
Estimates ranges from 30% to more than 100% of documented sector..............
You can read the views of Chief of Institute of Chartered Accountants of Pakistan on Business Recorder below
http://fp.brecorder.com/2016/05/2016051345400/
If you search you will find foreign sources on undocumented sector of Pakistan Economy also.

And we can corroborate this, rather easily, if we compare some key information with other Country, say, Bangladesh. IMF say Bangladesh's GDP is $270 Billion with a growth rate of 7.2%....
For example, Petroleum consumption, you will find that Pakistan Consumes for than 3 times the Bangladesh.
http://www.theglobaleconomy.com/rankings/oil_consumption/

Number of registered vehicles total
http://apps.who.int/gho/data/node.main.A995
In Bangladesh some 21062 cars were registered in year 2015,http://www.dhakatribune.com/bangladesh/2016/09/22/quader-will-fix-number-cars-family-can/
and in Pak Suzuki alone produced more than 134,000 motor cars, not counting other manufacturers and imports.
Check the natural gas consumption figures of Pakistan which is about double of Bangladesh.
Check the Electricity production and consumption figures too.

 

[Hakikat ve Hikmet]

With only a $300b (+ 100% more due to undocumented) economy and a $20b in reserve Pak is engaged with the following:

• Keeping 7x larger mortal enemy under check with strategic balances.
• Fighting domestic proxy-wars at all fronts 24/7.
• Still the major stake holder in Afganistan, and making it unwinnable for all others.
• Paving the way for China to be a 2-ocean power like the USA.
• Putting her in b/w survival and disaster under the mother of all proxy wars whose ultimate aim is to destroy the Haremain once and for all.

What will happen if Pak economy grows further????

 

[Rajaraja Chola]

With only a $300b (+ 100% more due to undocumented) economy and a $20b in reserve Pak is engaged with the following:

• Keeping 7x larger mortal enemy under check with strategic balances.
• Fighting domestic proxy-wars at all fronts 24/7.
• Still the major stake holder in Afganistan, and making it unwinnable for all others.
• Paving the way for China to be a 2-ocean power like the USA.
• Putting her in b/w survival and disaster under the mother of all proxy wars whose ultimate aim is to destroy the Haremain once and for all.

What will happen if Pak economy grows further????

Its a economy thread and u want to focus on military thing again and again

 

[Syed1.]

Then vote for Nawaz Shareef next time.

I'd rather kill myself

 

[Randiana2012]

I'd rather kill myself

Go ahead. I'm not stopping you.

 

[ssethii]

This is just a natural progression, nothing to cheer for 200million lazy asses.

 

[Kabira]

One must think about the 'parallel economy', that is, undocumented economy of Pakistan: Legit businesses nowhere accounted for.
Estimates ranges from 30% to more than 100% of documented sector..............
You can read the views of Chief of Institute of Chartered Accountants of Pakistan on Business Recorder below
http://fp.brecorder.com/2016/05/2016051345400/
If you search you will find foreign sources on undocumented sector of Pakistan Economy also.

And we can corroborate this, rather easily, if we compare some key information with other Country, say, Bangladesh. IMF say Bangladesh's GDP is $270 Billion with a growth rate of 7.2%....
For example, Petroleum consumption, you will find that Pakistan Consumes for than 3 times the Bangladesh.
http://www.theglobaleconomy.com/rankings/oil_consumption/

Number of registered vehicles total
http://apps.who.int/gho/data/node.main.A995
In Bangladesh some 21062 cars were registered in year 2015,http://www.dhakatribune.com/bangladesh/2016/09/22/quader-will-fix-number-cars-family-can/
and in Pak Suzuki alone produced more than 134,000 motor cars, not counting other manufacturers and imports.
Check the natural gas consumption figures of Pakistan which is about double of Bangladesh.
Check the Electricity production and consumption figures too.

Black economy doesn't matter unless documented and taxed. Even now Pakistan tax to GDP ratio is just 11-12% compared to India's 16-17%. Just imagine if Pakistan tax-GDP ratio was similar to India then we would be talking about extra $12-15 billion tax collection.

 

[Thəorətic Muslim]

Just imagine if Pakistan tax-GDP ratio was similar to India then we would be talking about extra $12-15 billion tax collection.

Then you wouldn't even need loans!