The Maverick
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Jesus those figures are poor for a,developing country
Pakistan's GDP growth expected to touch 3% mark for FY2021
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Syed1.
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Not as poor as negative double digit growth. Wonder which country managed to achieve the unachievable
The Maverick
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Not as poor as negative double digit growth. Wonder which country managed to achieve the unachievable
those numbers,are desperate
and you claim no impact on covid which we all know is,hidden reality
Riz
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And mian g was giving loan to china and USA ?? I dont know how these IMF terrorists was indicating 6% of pak growth when almost 90% of garments industries shifted to bangladesh and jordan during his 5 years term
Kingslayerr
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You'r number game is even worst that a patwari bro. You clamed that 5 or 6jf-17s have been crashed till now after which @Yasser76 took you to the cleaners. Keep your figures to yourself.
RangeMaster
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OK pajeet... Whatever makes you happy.
ziaulislam
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ISLAMABAD: Official sources have predicted that Pakistan's Gross Domestic Product (GDP) growth is expected to touch a 3% mark in the outgoing FY2021 year.
As per a report in The News, there is a possibility of no major revision into finalized GDP growth figures for the last fiscal year that stood at negative 0.4% of GDP on provisional account.
Sources said the GDP growth might exceed the 3% mark due to two factors; wheat production estimates for the current fiscal year and large scale manufacturing (LSM) growth figures taken into consideration by the National Accounts Committee (NAC) for calculating the provisional growth figures of the current fiscal year.
Official sources confirmed to The News that Pakistan Bureau of Statistics (PBS) had incorporated possible losses to the national economy for the fourth quarter (April-June) period of the last fiscal year, while calculating the provisional GDP growth figures and they had estimated that the growth stood at negative 0.38%.
If the PBS had not incorporated the possible losses of fourth quarter in the last fiscal year, the GDP growth might have nosedived to negative a 1.5 to 2% of the GDP.
The PBS was faced with an embarrassing conundrum when the provisional GDP growth figure of 3.3% for 2017-18 was revised downward to 1.9% in the finalised figure.
Hence it proved correct that the PBS decided to include possible/expected losses in the fourth quarter for calculating the GDP growth of the last fiscal year that estimated that it stood at a negative 0.38%.
It is hoped that there will be a slight revision in the upward or downward direction into the finalized GDP growth for the last fiscal year.
The government had earlied estimated a GDP growth of 2.1% for the outgoing fiscal year. The IMF and the World Bank, on the other hand, had predicted the GDP growth in the range of 1.5% for the current fiscal year.
Now, it is expected that the GDP will touch the 3% mark. As mentioned above, the GDP growth might even further exceed in the wake of increased wheat production, as the federal agriculture committee estimated wheat production of 26.2 million tons for the current fiscal year.
It is yet to see how much wheat production is presented by the provincial crop reporting during the upcoming National Accounts Committee (NAC) meeting. There are upward estimates that the wheat production in Punjab has gone up from 19.2 million tons to 20.9 million tons so overall production has gone up to 28 million tons.
It might be too ambitious a figure for wheat production, hence it is yet to see how much the NAC takes into account for calculating growth figures.
The second factor that might play an important role for calculating GDP growth would be taking into account growth figure of large scale manufacturing as it was expected to witnessed marvelous growth in the last three months of the current fiscal.
This because the COVID-19 pandemic had caused a setback to teh manufacturing industry in the same period of the last fiscal year.
By taking all these factors into account, Pakistan’s GDP growth will be hovering around 3% for the current fiscal year, however, it will not make much difference in either eradicating poverty or drastically reducing unemployment across Pakistan.
Pakistan requires at least 6 to 7% GDP growth on a sustained basis for tackling the menace of poverty and unemployment in the country.
Pakistan's GDP growth expected to touch 3% mark for FY2021
Government had forecast a growth of 2.1% while the IMF, World Bank were of the view that Pakistan's GDP would be clocked at 3%. GDP growth may exceed 3% due to wheat production estimates for the current fiscal year and...www.geo.tv
The official estimate is now revsied to 4%
Still laberal and educated people of central punjab will prefer PMLN bankrupting pakistan
This year growth is expected to go beyond 4%
Next yr it should be 5+% greater then any year PMLN acheived (5.2 max) with 24 b deficit
4% with surplus is A MILLION TIMES BETTER then a 10% with >2% deficit CAD
Question is can we keep SBP lending low and CAD low(<1-2%)
Syed1.
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This is still an estimate, with numbers for May and June pending. Most people now believe it will be 4.5%+...
Mind you for the estimate they used LSM growth of 9% but actually LSM is expected to grow by 13-14%
Let see when the actual numbers come out before the next budgets, hoping that it would be more than 4.5 % growth.
Syed1.
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Saday Main Saanp di buhat yaad aandi hai
@muhammadhafeezmalik @syedtalhamaududi @FOOLS_NIGHTMARE @volatile @ejaz007 @Muhammad Omar @waqasmwi @Oracle
Dual Wielder
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So You have given up on that fight mio fratello.. ?
Use not Your words, for the foolish have thick skulls that wisdom cannot penetrate... Take up Your carrots my friend.. for they shall continue to march forward along with mankind!
Norwegian
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Saday Main Saanp di buhat yaad aandi hai
@muhammadhafeezmalik @syedtalhamaududi @FOOLS_NIGHTMARE @volatile @ejaz007 @Muhammad Omar @waqasmwi @Oracle
****So You have given up on that fight mio fratello.. ?
Use not Your words, for the foolish have thick skulls that wisdom cannot penetrate... Take up Your carrots my friend.. for they shall continue to march forward along with mankind!
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Syed1.
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Its a $1b surplus
ziaulislam
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I do expect it to swing in negative when govt increase spending for growth
Key is to keep at <1% just like bengladesh has kept at 1-2% negative
We still need to focus on import subsitution
Just like exports govt need to give tax free incentives for business that come under import subsitution
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