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When your imports are more than exports, in that case rupee fall will always brings more difficulty for the economy.
A capable administration will be able to translate this low PKR value into FDI.
It will require a lot of work on the energy sector, terrorism will need to be addressed quickly and some major infrastructure projects will need to be completed within the next 2-3 years...
A capable administration will be able to translate this low PKR value into FDI.
It will require a lot of work on the energy sector, terrorism will need to be addressed quickly and some major infrastructure projects will need to be completed within the next 2-3 years. High interest rates plus development will help in boosting Pakistan's economy.
Otherwise we are looking at another PPP-PML(N) gentlemen's agreement where the Pak economy can go to the dogs.
Which is why I mentioned:
Development of local industries like automobile among others will reduce reliance on imports and possibly contribute to exports.
Right now FDI in Pakistan is extremely low.
Economy and terrorism is the major worry of Pakistan. Hope people get serious about these issues rather than offering and asking for protection of Indian actors.
But that is where the opportunity lies mate. Large young population, low barrier for investment (if the topic of terrorism is addressed) is an ideal mix to attract FDI and finally bring about a services or manufacturing revolution. I see this as an opportunity, as long as they get a stronger central government...
What is the inflation rate in Pakistan ?
Right now FDI in Pakistan is extremely low.
It's bearable. Still single digit.
You mean retail inflation or wholesale inflation. i'd be surprised at retail inflation being any lesser than 15% (it is around 17% in India)
Instead of seeking aids from US, Pakistan can easily negotiate for FDI from them for helping them in there fight against terror.Americans hold the biggest market share in the world. Even a small amount will be a boon for Pakistan Econom
New Recruit
You got me wrong dude. I am not saying that politicians are doing corruption with remittance money; that is impossible. I am saying about the money that was taken from loan from IMF in 2008. Where did that money go? In which project in particular it was used and why was there a need for loan at first place. Please read my first post carefully again, cause you misunderstood and misinterpreted it.You can't do so much corruption with remittances. Afterall, the money (in USD) is credited to the Pakistani coffers and the remitters family simply withdraws the amount in PKR. The family gets the money and Paksitan gets the dollars, simple. Politicians can't do anything here.
They can only rob the state where the budget and financial distribution is concerned.