state bank first quarter report surprising encouraging

[ziaulislam]

when i say state bank you can simply google it
http://www.sbp.org.pk/reports/quarterly/fy19/First/qtr-index-eng.htm

Projected growth is around 4-4.5
Fiscal deficit at 5.1-5.5 and CAD at 4.5

Now this id first quarter...i belive things will end up better if Pakistan finds a short term revnue solution (like GIDC) as revenue solution will make up the fiscal deficits and help in spending on PSDP

 

[ziaulislam]

key challenges listed are fiscal deficit and growth

Pakistan problem stems from as asad umar puts it "low savings leading to low capital leading to borrowing increase in CAD and low growth )

Our saving are only 10% of GDP
This is primarily due to artificially low interests that PMLN placed

 

[AZADPAKISTAN2009]

Leaks in economy are many

a) Fake accounts leaking stolen funds from state corporations out
b) Theft at government project level distribution of funds
c) Tanker mafia culture in Karachi stealing 500-800 million dollar worth of water for water supply by tanker
d) Excessive love for foreign made goods when can't afford to pay for it
e) Love of motor bikes and fuel burning electric generators
f) People avoiding Tax , and claiming they are not rich but enjoying a tax free life style
g) Avoidance of tax on farm land