Pakistan Rising or Failing? Reality vs Perception

[RiazHaq]

http://www.riazhaq.com/2018/01/pakistan-rising-or-failing-reality-vs.html

Pakistan has a population of over 200 million people and a booming trillion dollar economy ranked among the top 25 largest economies of the world.

Courtesy: Ashraf Hameedi, Highforest Capital

Pakistan's 135 million millennials have made it the world's fastest growing retail market. There is surging demand for fast moving consumer goods (FMCG) and durables like smartphones, computers, cars, motorcycles and home appliances.


Courtesy: Nikkei Asian Review

Major energy and infrastructure projects, part of China-Pakistan Economic Corridor (CPEC), are transforming the country and creating millions of new jobs.

Incidents of terrorism and terror related deaths are in sharp decline since the country's military started nation-wide anti-terror operations in 2013.

Its $20 billion tourism industry is seeing rapid growth.

And yet, many continue to call Pakistan a "failed state". Why is it? Why is perception lagging reality?

Viewpoint From Overseas host Faraz Darvesh discusses these questions with Monis Rehman, Pakistani entrepreneur and CEO of Rozee.pk, and regular panelist Riaz Haq (www.riazhaq.com)

Related Links:

Haq's Musings

Pakistan is the 3rd Fastest Growing Trillion Dollar Economy

Pakistan Education Budget Surpasses Defense Spending

Information Tech Jobs Moving From India to Pakistan

Pakistan is 5th Largest Motorcycle Market

"Failed State" Pakistan Saw 22% Growth in Per Capita Income in Last 5 Years

CPEC Transforming Pakistan

Pakistan's $20 Billion Tourism Industry Boom

Home Appliance Ownership in Pakistani Households

Riaz Haq's YouTube Channel

PakAlumni Social Network

http://www.riazhaq.com/2018/01/pakistan-rising-or-failing-reality-vs.html

 

[Rank]

by getting foreign loans and put entire population under massive debt... which kind of so called booming they're talking about????

 

[PakSword]

by getting foreign loans and put entire popular entre massive debt... which kind of so called booming they're talking about????

As if we are taking loans without any plans to return them back.. lolz..

 

[Enigma_]

Nothing is ever as bad if seems nor is it good as it looks. We just have to keep on working hard and face both the internal and external challenges that are present and are coming.

 

[Thanatos]

Long way to go. No need to get happy over small things. Some thing to learn from Chinese is get your head down and work hard. Let your work speak for you.

 

[SHAH820]

by getting foreign loans and put entire population under massive debt... which kind of so called booming they're talking about????

not a PLMN supporter but do you know how much loan US have taken, japan, france, canada,UK and even china now compare their budget with their debt then compare pakistan debt on its budget

 

[Rank]

not a PLMN supporter but do you know how much loan US have taken, japan, france, canada,UK and even china now compare their budget with their debt then compare pakistan debt on its budget

we are not france, canada, UK China bla blaa

 

[RiazHaq]

#BMI Research in World Economic Forum (#WEF18) report says #Pakistan among top 10 drivers of global #economic growth as "manufacturing hub". Others in top 10: #Bangladesh #Egypt #Indonesia #Nigeria #Ethiopia #Kenya https://www.weforum.org/agenda/2016/07/these-are-the-10-emerging-markets-of-the-future


"Pakistan will develop as a manufacturing hub over the coming years, with the textile and automotive sectors posting the fastest growth at the beginning of our forecast period. Domestic manufacturing investment will be boosted by the windfall from lower energy prices compared to the last decade, and improved domestic energy supply."



A new report from BMI Research has identified the "10 emerging markets of the future" — the countries that are set to become new drivers of economic growth over the next 10 years.

BMI estimates that these countries will cumulatively add $4.3 trillion to global GDP by 2025 — roughly the equivalent of Japan's current economy.

In general, manufacturing and construction are the sectors that will drive the economies. BMI reports that new manufacturing hubs are set to emerge in Bangladesh, Myanmar, and Pakistan, and that these countries will see particularly strong growth in exporting manufacturing industries. And construction growth is going to be widespread throughout all the countries — partly to facilitate increases in urban populations and partly to help develop the manufacturing sector.

On the other hand, extractive industries — like mining, oil, and gas — are going to play a far smaller role in driving growth than they have the past 15 years.

While it might provide bright spots for some countries, the report states, "the ubiquitous commodity-driven growth model that was derailed by the 2012-2015 collapse in commodity prices is not coming back."

 

[Viny]

Pakistan is progressing as entire human race is, so it cannot leave behind.
Pakistan is failing to achieve its true potential. A nation that was build to succeed without having diverse issues like India, should have grown twice faster than India and could have been role model for Islamic world.

Having said that, there are still more positives in Pakistan then whats been perceived globally.