Pakistan; The Fastest Growing Muslim Economy

[shah1398]

ALLAH has Blessed Pakistan in variety of ways and we have still got lot of it available and waiting to explore and use it.Pakistan there is so much of unexplored and and untapped potential in shape of manpower, minerals, telecomm, IT, Defense, manufacturing, precious gem stones (specifically in mineral category), Agriculture (Pakistani grains esp wheat and rice,fruits esp Mango and Kinnow and vegetables are one of the best in taste in whole world), textiles etc etc and last but most important is the geographic location of Pakistan. We can all cash on everything provided we have visionary and sincere leadership. 7-10 % growth is not at all a futuristic figure for Pak economy if at all we want to make it happen.

How about this report? Though these seem to be conflicting, but a 5.7% growth rate appears to be incorrect.

The Gross Domestic Product (GDP) in Pakistan expanded 4.14 percent in 2013/14 fiscal year. GDP Growth Rate in Pakistan averaged 4.92 percent from 1952 until 2014, reaching an all time high of 10.22 percent in 1954 and a record low of -1.80 percent in 1952. GDP Growth Rate in Pakistan is reported by the Pakistan Bureau of Statistics.

Pakistan GDP Growth Rate | 1952-2015 | Data | Chart | Calendar | Forecast

And now this from Pakistan's Express Tribune...

Pakistan's economy to fall in 2015 as South Asian economies strengthen: UN forecast
Due to the precarious security situation in the country, and low fixed investment, the report said, “macroeconomic fundamentals remain fragile” in Pakistan, in spite of the GDP rebounding to an estimated 4.2% in 2014 after robust private and public consumption.

The report forecasts economic growth to fall slightly in 2015, but pick up again in 2016.

Pakistan's economy to fall in 2015 as South Asian economies strengthen: UN forecast - The Express Tribune

Report is talking about Muslim countries economy actually and that too of recent times.

 

[Gufi]

Due to the precarious security situation in the country, and low fixed investment, the report said, “macroeconomic fundamentals remain fragile” in Pakistan, in spite of the GDP rebounding to an estimated 4.2% in 2014 after robust private and public consumption.

This report clearly has a very bleak outlook which is not shared by many investment firms and rating firms either, the KSE is one of the fastest growing stock exchanges in the developing world, the investment and remittances have increased and the tax network is finally being broadened. The economic situation is much better then it was 2 years ago and it will increase because right now this economy is stunted by continuous power outages. Also the move to make the ID card number the NTN will take away the ability of people to disappear of the tax grid with property and assets clearly listed for tax returns.

 

[Devil Soul]

Already posted by @farhan_9909

 

[black-hawk_101]

Pakistan and Turkey is and will be the future Muslim leading country.

 

[OrionHunter]

Bhai jo opar likha hay zara par lo

Arre bhaijaan, wohi tho men confuse ho gaya thha. Upar OP me likha hai: Gross Domestic Product (GDP) is growing at the rate of 5.7% in 2015. Lekin Pakistan Bureau of Statistics ke muthabik your GDP growth rate is 4.1%.

Which one is correct?

 

[Zibago]

Arre bhaijaan, wohi tho men confuse ho gaya thha. Upar OP me likha hai: Gross Domestic Product (GDP) is growing at the rate of 5.7% in 2015. Lekin Pakistan Bureau of Statistics ke muthabik your GDP growth rate is 4.1%.

Which one is correct?

Aik 2013-2014 ki stat hay dosri 2015 ki

 

[Mr.Nair]

Pakistan and Turkey is and will be the future Muslim leading country.

Indonesia will be the future most leading country

Economy of Indonesia - Wikipedia, the free encyclopedia

Indonesia will be 1 trillion dollar economy by 2017 but Turkey required 2020 to reach that level.

Here is the latest world gdp values as per IMF

World GDP Ranking 2015 | Data and Charts - knoema.com

 

[black-hawk_101]

Indonesia will be the future most leading country

Economy of Indonesia - Wikipedia, the free encyclopedia

Indonesia will be 1 trillion dollar economy by 2017 but Turkey required 2020 to reach that level.

Here is the latest world gdp values as per IMF

World GDP Ranking 2015 | Data and Charts - knoema.com

Will see that.

 

[Mr.Nair]

 

[ziaulislam]

absolutely fake news with no standard at all created by some govt fan.

pakistan is one of the slowest growing economies of Muslim world

 

[daring dude]

that all fucking bulshit, its like a balloon.. that these all politicians using or playing for their good name,., as they are manipulating with Stock markets, Supply chain also.. .and showing this growth on cards only.. as same as in the government of Shaukat Aziz,, their was enormous growth but we paid the price for years after he left his seat ... so thats all virtual growth,, the best era was Musharaf's starting era,, where actually the growth was robust...

another thing, the direct /indirect taxes in Pakistan is way higher than in the region. and also Current account deficit is also touching it's heights... after paying billions of tax payers money,,,it is still standing way higher than before.. and not to forget the burden of Loans each person is under of.. it's not growth while lending and showing it as part of economical growth... or part of GDP...

 

[timetravel]

Pakistan - A country which refuses to trade openly with one of the biggest economies in the world which happens to sit right next door to it.

Pakistan economic future is weak. That's the REALISTIC VIEW based upon the extremely negative mindset of Pak establishment.

Economy cannot rise based on wishes/dreams. It needs shrewd and capable businessmen to take it high. Pakistan economic policies are run by Mullahs (like Hafiz Sayeed etc) and their mad followers and not by capable businessmen. I doubt Pak has large number of capable businessmen.

Economy and geopolitics have to be kept separate. That's the reason of success of Indian and Chinese businessmen. For them business comes first. Border issues solved or not do not matter to them. Do Pakistan have such people? Army/Mullahs cannot run businesses efficiently. Their thinking is negative and will not let businesses (and hence economy) grow. Also the corruption levels are 10 times more in businesses run by Army/Mullahs then businesses run by capable businessmen.

My Prediction for 2030:

By 2030 Pakistan economy will be in same turmoil as today or marginally better or much worse then today. Pakistan will be a good economy by 2030 only if by some MIRACLE there is a revolution in Pakistan and somehow the economy and geopolitics are separated from each other by those who come in power. I would be happy to be proved wrong in 2030, as a positive Pak outlook to business with India is good for region.

 

[Icewolf]

the number does not matter, the trickle down model has failed miserably in every country that tries it. GDP growth does not concern us alone, it is also disparity in the wealth between different classes that is worrisome

Capitalism, which is literally based on trickle down economics, has worked brilliantly for every nation that has tried it. Im more likely to believe in the progress done by those nations than some guy on the Internet.