Pakistan to achieve GDP growth target of 5.1% this year: Dar

[Viper0011.]

I have watched him live and he only said we will try our level best to reach around 5.1% growth.

I am expecting between 4.6%-4.8% this year

'

You are right. Estimates are one but if the political drama continues and add terrorism related stuff, it'll hamper the growth. If things were to be normal, by 2018, Pakistan's economy would've grown by 15-20%. That's a huge up lift from what is it today or what it had been in the past.

 

[Umair Nawaz]

He is claiming big as usual. But realistically we can achieve and maintain 4% rate.

 

[Viper0011.]

He is claiming big as usual. But realistically we can achieve and maintain 4% rate.

With the amount of investments and large projects that are in pipes or getting done, a country Pakistan's size can maintain 5-6% growth rate easy and its normal. However, the issue is the political instability and then the terrorism related drama, which causes growth to take a hit every time something happens. The growth can actually go above 7% if the current government can sustain working till 2017.

 

[haviZsultan]

One has to remember that the issues that plague us will not go away so easily but with time

• energy crisis has not let industry perform to maximum potential
• Companies like PIA and Pakistan steel mills are draining funds instead of contributing to the tax base
• Acute shortage of gas also has hampered industry
• security issues have deterred foreign investors from investing in Pakistan
• political melt down plagued the economy for a few months effecting investor confidence and industry both
• IDP situation and floods have effected growth

Once one sees that some issues are being worked on, Gas, Energy, and security one sees a brighter future for Pakistan, but on the other hand corruption remains rampant and until that is stopped we will not see the money trickle down to alleviate the poverty levels in Pakistan.

Our total foreign investment is lower than Sri Lankas which has a a population not even quarter of ours. The ideal that we are all terrorists has prevented growth as well as investment.

 

[Umair Nawaz]

With the amount of investments and large projects that are in pipes or getting done, a country Pakistan's size can maintain 5-6% growth rate easy and its normal. However, the issue is the political instability and then the terrorism related drama, which causes growth to take a hit every time something happens. The growth can actually go above 7% if the current government can sustain working till 2017.

thats why i say we are expecting a realistic growth rate of just 4% given the situation.

 

[Gufi]

Our total foreign investment is lower than Sri Lankas which has a a population not even quarter of ours. The ideal that we are all terrorists has prevented growth as well as investment.

our stock market is one of the best performing in the world and we are heading towards prosperity it does not happen in one day or one year it takes years

 

[AshishDelhi]

Political instability could be biggest threat.

 

[SBD-3]

Cell phone are a major import. If it were machinery we would see some industry setup in last one year, beside that import is something that will result in some export and we dont any major change in export in last 10 years. Pakistan is just a consumer of luxury products thanks to remittances that Pakistan is still standing.

Machinary imported is used one under LTTF scheme of financing. And the importets/exporters usually abuse the consessionary financing facilities.

Our total foreign investment is lower than Sri Lankas which has a a population not even quarter of ours. The ideal that we are all terrorists has prevented growth as well as investment.

Srilanka is known to have the best trained labour force in garments. Many Pakistani garment factories have/had srilankans in key QA and Production posts.

our stock market is one of the best performing in the world and we are heading towards prosperity it does not happen in one day or one year it takes years

Stock market is an indicator of economic confidence and sentiment. Its not a durable measure of econonic development since increased corporate activity doesnt necessarily means economic development.

 

[13 kumaon]

Good job Pakistan,what is main export items of Pak?

 

[My-Analogous]

Good job Pakistan,what is main export items of Pak?

1. Raw cotton, Textile products and Cotton yarn.
2. Rice.
3. Leather and leather products.
4. Carpets and rugs, Tents.
5. Synthetic textiles.
6. Surgical instruments.
7. Sports goods.
8. Readymade garments.
9. Vegetable, fruit and fish.
10. Engineering goods.
11. Chemicals and Pharmaceutical products.