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

[Thorough Pro]

Are you an economist?
Please share with us the secret of growth without debt? which great economy in todays world is growing without debt?

Regarding tax, if Pakistani's had paid their taxed honestly, we would have been 5 times bigger 20 years ago

tax payers pe tax laga laga kar aur loan lay lay kar 300B! 79B$ Debt ... pata nahe kya koom ko pagal samajtay hain

There is no use engaging/responding to indian trolls, there intent is not to learn but to ridicule

how does high rises fare in development, i know you are being sarcastic but to disappoint you no they are not high rises they are 50 year old buildings.

 

[IblinI]

 

[ghameed]

We need to be 1 trillion economy ASAP.

17-22 years...unless growth rate gallops

 

[simple Brain]

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

His @HAKIKAT reply reflects the conclusion of what this article is all about, all you have to do is to open your eyes and ears. Forget about that you are an Indian for a moment than you will probably be able to see that what is he trying to explain it to you.
Despite lots of pressure from outside world, insurgency inside Pakistan, border skirmishes, poor Governance, lack of electricity supply to the Industry sector, Political turmoil, bad strategic decisions Pakistan has achieved this milestone, isn't this something?

I believe this is all made up thing. The world of strategic gains knows the value of Nawaz Sharif, that if he loses the next upcoming election it will be the end of their interference in Pakistan's Politics.

 

[Zaahir]

It is not black economy, but undocumented economy, parallel economy.
Problem is not in the Economy of Pakistan, but the inability of State to handle that economy



If you calculate the per capita external loan of India, which is about 486 billion dollars to Pakistan's 76 billion dollars, you will see that these are almost same.
It is the economic policy of Government rather better tax collection.
World's largest economy, USA is the most debt ridden country also.

Black economy, undocumented economy, shadow economy, parallel economy are all the same things. Do some research. And Mr. Alternative.. External debt per capital is immaterial here. External debt is paid is dollars or foreign currency out of reserves.

For a debt size of $75 bn your reserves are $20bn which comes to almost 4 times. For India's debt of $460 bn the reserves stand at $375 bn which is 1.2 times. Now you know why Pakistan needs to submit to the imf program every few years.. Good day
PS: congrats for the GDP milestone. Keep it up

Got the point, Kardeshim!!!! No offense to anyone, I think the Pak folks have loved the idea of the "hidden Imam"!!!! Now, they have put everything under the sun inside the "hidden" closet!!!!

You never fail to disappoint my friend. You are the reason I joined PDF. Your posts make my day.

By the way any thoughts on the Turkish economy. Last I heard you are planning to grow at 2.5% this year. Any ideas from ancient Islamic history or mythology to explain the anomaly?

 

[Alternative]

Black economy, undocumented economy, shadow economy, parallel economy are all the same things. Do some research. And Mr. Alternative.. External debt per capital is immaterial here. External debt is paid is dollars or foreign currency out of reserves.

For a debt size of $75 bn your reserves are $20bn which comes to almost 4 times. For India's debt of $460 bn the reserves stand at $375 bn which is 1.2 times. Now you know why Pakistan needs to submit to the imf program every few years.. Good day
PS: congrats for the GDP milestone. Keep it up

Following reproduced from https://www.merriam-webster.com/dictionary/black economy

: illicit economic activity done in violation of official regulationsBy tax-avoidance and regulation-evasion;

And yes, there is a certain Black Economy that deals with drug trafficking, extortion, smuggling, hording etc. But when we talk about undocumented economy or parallel economy (some economists in Pakistan don't like the word black in the context), we are taking about legit business that don't report its production, revenue figures etc. Actual size of Pak Economy is quite different. That was my point;
--What was your point that in the context of discussion "black economy, undocumented economy, shadow economy, parallel economy are all the same things. Do some research"?

As for external debt; discussion trail was relationship between taxes to GDP ratio and External Debt: and you barged in with a new tangent of 'foreign exchange reserves': what this tangent has to do with Taxes to GDP ration and External Debt? or going by your logic, what has GDP has to do with External Debt?
USA has exchange reserves of $118,795 million and external debt of $18,235,489 Million, so what is your point?

You never fail to disappoint my friend. You are the reason I joined PDF. Your posts make my day.

By the way any thoughts on the Turkish economy. Last I heard you are planning to grow at 2.5% this year. Any ideas from ancient Islamic history or mythology to explain the anomaly?

@HAKIKAT is being on this forum for a long time now; and with you joining in Dec 2016 and with heavy grudges against him; Are you one of many that keep returning to this forum after being shown the door?

 

[Zaahir]

Following reproduced from https://www.merriam-webster.com/dictionary/black economy

: illicit economic activity done in violation of official regulationsBy tax-avoidance and regulation-evasion;

And yes, there is a certain Black Economy that deals with drug trafficking, extortion, smuggling, hording etc. But when we talk about undocumented economy or parallel economy (some economists in Pakistan don't like the word black in the context), we are taking about legit business that don't report its production, revenue figures etc. Actual size of Pak Economy is quite different. That was my point;
--What was your point that in the context of discussion "black economy, undocumented economy, shadow economy, parallel economy are all the same things. Do some research"?

As for external debt; discussion trail was relationship between taxes to GDP ratio and External Debt: and you barged in with a new tangent of 'foreign exchange reserves': what this tangent has to do with Taxes to GDP ration and External Debt? or going by your logic, what has GDP has to do with External Debt?
USA has exchange reserves of $118,795 million and external debt of $18,235,489 Million, so what is your point?


@HAKIKAT is being on this forum for a long time now; and with you joining in Dec 2016 and with heavy grudges against him; Are you one of many that keep returning to this forum after being shown the door?

Your intelligence level is below the minimum required for a logical discussion. You can retry when you grow up. Economy, GDP etc are heavy words. Wait till you get there.

 

[Talwar e Pakistan]

I wouldn't mind a bit of debt if it was actually spent on development and infrastructure projects to grow the economy. Instead our politicians squander the money...the one that bothers me most is the loan forgiveness. Basically the close relatives of these assh*les take out massive loans and use their influence to have it "forgiven". One of their many ways where money is taken out of the system to fill up some off shore bank account of some crook.

That's not true at all, there are hundreds of under-development project as we speak. Infrastructure, dams, mines, everything... hence why we have this debt - it's necessary.

 

[Scarface..Lynch]

Good political stability is must for economic growth

 

[.]

Economic growth by natural means does not translate to a national success ,keeping in mind our population which is the sixth biggest in the world and 300 billion and 43th in the world by GDP is extremely poor .
All of this is cosmetic in appearance with no real substance,The country continues to be driven by its largely agrarian economy with the word CPEC hinging off every Pakistanis mouth, Kind of sickening to see our country begging foreign countries and taking loans to build dams,airports,roads and mass infrastructure which at the same time is depriving our people of Jobs going to the Chinese.
If we leave the country to the Chinese to build then i'm sorry to say we're a useless incompetent nation .

Despite a better economic performance, the growth rate was still insufficient to absorb the youth bulge and any pace of growth below this rate would increase unemployment. The government also failed to address serious issues like stagnant investments and savings in terms of total size of the GDP and declining exports.

The highest unemployement rate in the region is in Pakistan.
1/3rds of Pakistanis are poor below the poverty line due to social stratification of the rich that controls the country in the style of 19th Century industrialization through their capitalism.
30% of our economy is going directly into the mafia of tax thieves and corrupt corporates in the army ,burucracy and the civilians.

The country has a primitive economy and not much use talking about it..

 

[Alternative]

Your intelligence level is below the minimum required for a logical discussion. You can retry when you grow up. Economy, GDP etc are heavy words. Wait till you get there.

you can't make anyone fool by this response.
Why don't you answer the queries raised; it is hard to understand why you bother to indulge in when you can't even respond.

 

[.]

17-22 years...unless growth rate gallops

It can be achieved in 10 years time ,The Chinese economic reforms is up to see and quite few other examples ,if professionals lead the country apart from the mullah's ,the military dictators who conquer the people constantly instead of the enemy alongside the incompetent politicians ,Result will be what we have today being the 6th most populace country and with the worst economic indicators.

Here's how i would change the economy.

1. Introduce tax reforms based on social class system , reduce GST on basic food services and other sectors like IT ,Revolutionize the country on tax basis.
2. Introduce penalties on wealth size ,unfair economic distribution ,malpractices and loopholes ,introduce minimum wages for workers.
3. Appreciate industrialization and setup industrial cities and zones(Some infrastructure exists) ,Divide each zones and appreciate development of agriculture by support in the northern areas.
4. Develop tourism and seal off certain areas beyond Islamabad.
5. Eradicate terrorism by reaching a stalemate with India and approach economic collaboration ,maybe we can improve our trade deficit this way.
6. Improve the 30% undeclared part of black economy adding about 50-100 billion to the current count of GDP which is going directly to the corrupt ..

*Yawn ,I can just count these 6 top of my head.

 

[S.Y.A]

Only less than 0.1% pay taxes. 79B$ debt is ratio-wise much below the world average.

no, only 0.1% file their taxes. not an economics student, but even I know that there is a difference b/w not paying and not filing. that 0.1% figure is almost equal to all of the three armed forces combined, and they pay income tax. add to that the people employed by private companies(banks, industries etc.), they, too, pay income tax, even politicians pay taxes, not as much as they are supposed to, but they still do.

apart from the mullah's ,the military dictators who conquer the people constantly instead of the enemy alongside the incompetent politicians

who is left, then? and how do you think such professionals will come in power?

Introduce penalties on wealth size

dont agree with this, if you have a problem with wealth then please distribute your belongings to the poor, no one will stop you. besides no one will invest in Pakistan in the first place, not even Pakistanis if stupid, bhuttoistic laws like those are put in place, and there goes your economic growth plan down the drain.

 

[BRITISH]

all lair

 

[Jackdaws]

Congrats to Pakistan and its people. The more people that are lifted out of poverty in our region, the better it is for all of us and humanity in general.