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Congratulations to Pakistan ....
Awam ki ek hi Aawaz ... 5 saal phir Nawaz? Anyone?
Congratulations to Pakistan ....
Awam ki ek hi Aawaz ... 5 saal phir Nawaz? Anyone?
DHandli zada election na ho toCongratulations to Pakistan ....
Awam ki ek hi Aawaz ... 5 saal phir Nawaz? Anyone?
I believe it will be Maryam Nawaz. But lets see what happens next year.It will be Showbaz Sharif this time around, Nawaz can't serve any more terms.
Bina Dhandli ke elections mein kya maaza?DHandli zada election na ho to
It will be Showbaz Sharif this time around, Nawaz can't serve any more terms.
DHandli zada election na ho to
tax payers pe tax laga laga kar aur loan lay lay kar 300B! 79B$ Debt ... pata nahe kya koom ko pagal samajtay hain
Noora league is responsible for a lot of ills in Pakistan. Supporting them amounts to supporting the same corrupt, illiterate and ineligible politicians that ruined the country. It is not that hard to rig elections. NS is blamed to have done that as was Zulfiqar Ali Bhutto proven to have done so. What is difficult is to prove that rigging occured and how much it occurred. I would prefer voting to be done under the supervision of both the army and the UN for a country like Pakistan. It is a known fact and I have witnessed in Karachi that MQM has with might of guns forced people to come to their rallys and cast bogus votes. No reason the ethnic party of punjab can't do the same.Please stop crying dhandli, do you seriously think people in Punjab voted for PTI over Nawaz? People in punjab even rejected army rule.
If rigging was that easy then punjab wouldn't be most developed province in Pakistan thanks to N league. All they had to do was rig it right?
Bhosay wali boriyan kahan sey ayein hmm?Please stop crying dhandli, do you seriously think people in Punjab voted for PTI over Nawaz?
Haha lol good joke sab sey ziyada mithayan Punjab mein bat,tien hainPeople in punjab even rejected army rule.
It has always been the most developed province nothing newIf rigging was that easy then punjab wouldn't be most developed province in Pakistan thanks to N league.
Well they learned from the bestAll they had to do was rig it right?
A large portion of baboon leagis are Punjabi super mists so dont be surprisedIf we keep voting for the same people we will get the same results. Noora league is corrupt and anti national. You know it well and you vote for it. The only thing holding together the current voting trends are ethnic chauvinism, vote for baradari/muhallay ki party and bogus votes.
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.
Pakistan is now a $300-billion economy
By Shahbaz Rana
Published: May 18, 2017
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PHOTO: INP
ISLAMABAD: Pakistan has achieved 5.3% economic growth, the highest in a decade, on the back of recovery in the agriculture sector and better-than-expected performance in the services sector, stated the government on the basis of provisional figures.
The growth puts the country in the league of economies that have a size of over $300 billion.
Gross Domestic Product, the monetary value of all goods and services produced in one year, is projected to have grown at a rate of 5.28% during the fiscal year 2016-17 ending on June 30, National Accounts Committee (NAC) said.
World bank report: Pakistan among top 10 economies
However, the figure is provisional and subject to variations once the final results are available at the end of the fiscal year.
At 5.3%, Pakistan’s economic growth has finally attained the pace it had before the crisis hit the country in 2008.
For the next fiscal year 2017-18, the government has set the GDP growth target at 6%.
Nonetheless, the PML-N government again missed its annual GDP growth target of 5.7% for the outgoing fiscal year. Yet, the results were better than the forecasts made by international financial institutions.
As a result of over 5% growth rate, the nominal size of Pakistan’s economy increased to $304.4 billion.
Understanding GDP growth
Slightly over two-thirds of the growth – 67% to be precise – came from the services sector, which performed even better than the estimates. The government achieved services and agriculture sectors growth targets but missed the industrial sector growth target despite heavy focus on it.
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.
Against the annual target of $24.8 billion, the government has now expected that the exports would remain close to $21.7 billion and even imports are likely to exceed the $45.2 billion projections.
The current account deficit target of $4.5 billion has been missed by a wide margin and now the government expects an $8.3 billion current account deficit by June this year.
The contraction in exports remained a big challenge due to lack of focus on value addition sectors, said Ahsan Iqbal, Federal Minister for Planning and Development on Wednesday. But he said that the government’s focus on energy and infrastructure helped achieve the 10-year high growth rate of 5.3%.
In its 98th meeting, the NAC approved the provisional growth rate for the outgoing fiscal year, revised down the 2015-16 growth rate to 4.5% and approved the final growth figure of 2014-15 at 4.1%, according to NAC documents.
Finance Minister Ishaq Dar will formally announce a provisional growth rate of 5.3% on May 25, with the release of the 2016-17 Economic Survey of Pakistan.
Out of total 20 key growth indicators, 11 hit the government’s targeted growth rates while 9 indicators, primarily in industrial sector, remained below expectations.
Agriculture
After witnessing flat growth in the last fiscal year, the agriculture sector this time performed better due to exceptional growth in forestry and better performance of major important crops. The sector grew at a pace of 3.5%, equivalent to the annual target.
After facing criticism, the ruling PML-N government finally focused on the sector, which paid dividends. The sector employs close to 37% of the labour force.
Production of major crops saw 4.1% growth but in case of other crops, the target was missed as these minor crops witnessed hardly any growth. Cotton ginning remained even better than the 2.5% target and showed 5.6% growth. Livestock also posted 3.4% growth but missed the annual target with a small margin. Forestry sector showed 14.5% growth, which was many times more than the 3% annual target. Fishing sector grew by only 1.2% against 3% target.
Industries
The government missed all its targets set for the industrial sector despite having the most favoured status. There was presumably zero load-shedding for the sector and it also won many incentives from the government.
Agriculture is backbone of our economy: Jhagra
However, against a target of 7.7%, output stood at 5%. The output of large-scale manufacturing stood at 4.9%, below the official target while small-scale manufacturing grew to 8.1%, slaughtering 3.6%, electricity generation and distribution only 3.4% against a target of 12.5%, mining and quarrying sub sector grew only 1.3% against a target of 7.4%. The construction sector grew at a pace of 9% but missed the target of 15.2%.
Services
The services sector, which accounts for more than half the economy, grew by almost 6% against a target of 5.7%. Aided by heavy government borrowing and an increase in the money supply, the financial services sector and government services beat expectations. Wholesale and retail trade posted 6.8% growth against a target of 5.5%. Transport, storage & communication sub sector saw 3.9% growth. Finance and insurance witnessed 10.8% growth against a target of 7.2%.
Published in The Express Tribune, May 18th, 2017.