Pakistan to significantly lower trade deficit by Jan 2022.

[Bilal9]

We have many advantages over BD, one of which is a gargantuan domestic market.

Yes that is quite significant. Look at the info-graph below and see where Pakistan will go as a consumer country and how many new consumers it will gain in 2030 as projected. Bangladesh' position is even more spectacular. Both countries will gain 50~60 million new consumers by 2030 and will move up in ranking significantly, while China, India and US will remain at the same level. Found it here,

Bangladesh on track to be top consumer nation by 2030

Today, the consumer class is global and increasingly Asian, with spending by the Asian middle-class exceeding that in Europe and North America combined, according to economists

www.dhakatribune.com

I think both Pakistan and Bangladesh can expect significant FMCG and other investments from overseas (China, EU) however if business folks in both countries understand the trend, they should seek immediate easing of govt. tariffs on industrial inputs in their respective countries and start investing themselves in their own markets, producing consumable items and products (durable as well as FMCG) for their own consumers.

They will only reap rich dividends from this economic expansion, as well as increase GDP further for their own economies.

This phase of economy for both countries can be called "self-sustaining internal consumption-based economy". But maybe some economist expert bhais can help explain this "consumption-led economic expansion" better than I can.

Private consumption and its drivers in the current economic expansion

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

www.ecb.europa.eu

This is a prelude to the next jump-off stage, being an export powerhouse of real proportions, however the ammo has to be ready in the chamber (infra, logistics, ports, railways and SEZs) before the trigger can be pulled...

 

[sparten]

Yes that is quite significant. Look at the info-graph below and see where Pakistan will go as a consumer country and how many new consumers it will gain in 2030 as projected. Bangladesh' position is even more spectacular. Both countries will gain 50~60 million new consumers by 2030 and will move up in ranking significantly, while China, India and US will remain at the same level. Found it here,

Bangladesh on track to be top consumer nation by 2030

Today, the consumer class is global and increasingly Asian, with spending by the Asian middle-class exceeding that in Europe and North America combined, according to economists

www.dhakatribune.com

I think both Pakistan and Bangladesh can expect significant FMCG and other investments from overseas (China, EU) however if business folks in both countries understand the trend, they should seek immediate easing of govt. tariffs on industrial inputs in their respective countries and start investing themselves in their own markets, producing consumable items and products (durable as well as FMCG) for their own consumers.

They will only reap rich dividends from this economic expansion, as well as increase GDP further for their own economies.

This phase of economy for both countries can be called "self-sustaining internal consumption-based economy". But maybe some economist expert bhais can help explain this "consumption-led economic expansion" better than I can.

Private consumption and its drivers in the current economic expansion

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

www.ecb.europa.eu

This is a prelude to the next jump-off stage, being an export powerhouse of real proportions, however the ammo has to be ready in the chamber (infra, logistics, ports, railways and SEZs) before the trigger can be pulled...

I think BD is where Pakistan was in the early 2000’s, move from majority subsisitance to a majority consumption based society. That increases standards of living as access to goods and services rise. It’s good to see it.