Why the Pak economy is sinking

[deepak75]

Can anyone share the sectoral details of the manufacturing share in the GDP? That should give a clear indication of the exports/internal consumption and broadly where the economy is heading.

 

[xenia]

Can anyone share the sectoral details of the manufacturing share in the GDP? That should give a clear indication of the exports/internal consumption and broadly where the economy is heading.

here is the link of pakistan economic survey FY 2009..the next one will prababy be coming next month:
Finance Official Website | Ministry of Finance | Government of Pakistan Finance

download chap. 3

 

[bc040400065]

Can anyone share the sectoral details of the manufacturing share in the GDP? That should give a clear indication of the exports/internal consumption and broadly where the economy is heading.

well i don't know the details of share in GDP but in regards of imports and exports.. here is the details... for first 8 months of this FY09/10 (july to feb)

Exports target of $20 billion seems difficult to achieve in the ongoing fiscal year 2009-10 as the total exports of the country have managed to reach $12.397 billion in first eight months of current fiscal year.

The country would require to export $7.603 billion in remaining four months from March-June 2010 period of ongoing fiscal year with an average per month exports of $1.9 billion to achieved the set target for current fiscal year. The country has been able to export goods worth $1.549 billion per month in the first eight months July-February period of this fiscal year.

Jul-Feb: According to the trade data released by the Federal Bureau of Statistics (FBS) here on Wednesday, the country managed to export goods worth $12.397 billion in Jul-Feb period of ongoing fiscal year as against the exports of goods worth $12.070 billion in same period of last fiscal year 2008-09, showing a negligible increase of just 2.71 percent. The imports of the country during Jul-Feb period amounted to $21.819 billion as compared with $23.768 billion in the same period of last fiscal year indicating a decline of 8.20 percent. Country’s trade deficit during first eight months from July-February period of ongoing fiscal year 2009-10 witnessed a decrease of 19.45 percent and totaled at $9.422 billion as compared with $11.698 billion in the same period of last fiscal year 2008-09.

Feb v/s Feb: Pakistan’s exports during February 2010 witnessed an increase 23.24 percent with total exports at $1.539 billion as against the exports of $1.249 billion in February 2009. Imports in February 2010 also witnessed an increase of 17.99 percent with total imports at $2.504 billion as compared with imports of $2.122 billion in February 2009. Trade deficit in February 2010 increased by 10.48 percent and totaled at $964.639 million as compared with trade deficit of $873.150 million in February 2009.

 

[sohan]

You butt hurts like hell when something good about Pakistan turns up. Read this and learn.

South Asia - Doing Business in 2006: South Asian Countries Pick up Reform Pace, says World Bank Group; India Ranks 116th, 25 Places After China; Pakistan Among Top 10 Reformers

@ the OP, the whole point of this biased article is that we become friends with India becuase it was good relations through which we got good economic growth, NO and NO.

And rediff is like rupee news of India, please do not post from such low level online media outlets again.

This article is riddled with misinformation and lack of direction, Sparklingway pointed one such point out.

Wut?

Did you even read what I said?

My god.

 

[billi]

well i don't know the details of share in GDP but in regards of imports and exports.. here is the details... for first 8 months of this FY09/10 (july to feb)

Exports target of $20 billion seems difficult to achieve in the ongoing fiscal year 2009-10 as the total exports of the country have managed to reach $12.397 billion in first eight months of current fiscal year.

The country would require to export $7.603 billion in remaining four months from March-June 2010 period of ongoing fiscal year with an average per month exports of $1.9 billion to achieved the set target for current fiscal year. The country has been able to export goods worth $1.549 billion per month in the first eight months July-February period of this fiscal year.

Jul-Feb: According to the trade data released by the Federal Bureau of Statistics (FBS) here on Wednesday, the country managed to export goods worth $12.397 billion in Jul-Feb period of ongoing fiscal year as against the exports of goods worth $12.070 billion in same period of last fiscal year 2008-09, showing a negligible increase of just 2.71 percent. The imports of the country during Jul-Feb period amounted to $21.819 billion as compared with $23.768 billion in the same period of last fiscal year indicating a decline of 8.20 percent. Country’s trade deficit during first eight months from July-February period of ongoing fiscal year 2009-10 witnessed a decrease of 19.45 percent and totaled at $9.422 billion as compared with $11.698 billion in the same period of last fiscal year 2008-09.

Feb v/s Feb: Pakistan’s exports during February 2010 witnessed an increase 23.24 percent with total exports at $1.539 billion as against the exports of $1.249 billion in February 2009. Imports in February 2010 also witnessed an increase of 17.99 percent with total imports at $2.504 billion as compared with imports of $2.122 billion in February 2009. Trade deficit in February 2010 increased by 10.48 percent and totaled at $964.639 million as compared with trade deficit of $873.150 million in February 2009.

how is the $10 billion American gift accounted for? almost 7 times Pak's export

 

[Patriot]

The 1.2 Bil aid is annually and 10 bil is estimate for 10 years..Pakistan exports annually in 2009 were $19.22 billion.

 

[sparklingway]

@sparklingway
its not the case as portrayed..pakistan used Domars Growth Model n had a successful experience initially..s. korea followed the same model..its not that pakistan invented a model that was imitated bu s.korea

Please read the link I attached earlier. The author, a former FSP officer in Seoul talks about how the Consul General pleased the Chamber of Commerce people by using the statement that they copied Pakistan's five year plan. While essentially you must be right, I was talking about the widespread use of this myth.

 

[billi]

The 1.2 Bil aid is annually and 10 bil is estimate for 10 years..Pakistan exports annually in 2009 were $19.22 billion.

i see.. but still 1.2 bil is a huge 7% of export.

 

[bc040400065]

i see.. but still 1.2 bil is a huge 7% of export.

1.2 b$ is nothing dear.. pakistan is too big please open up your mind abit and you will see what pakistan is capable of... we need good and sustained economic policies for atleast 10 years ... remember in just 5 years of annual growth of 6% we doubled our economy so the prospects are great but one only needs leadership to be sincere and intelligent...

 

[TopCat]

1.2 b$ is nothing dear.. pakistan is too big please open up your mind abit and you will see what pakistan is capable of... we need good and sustained economic policies for atleast 10 years ... remember in just 5 years of annual growth of 6% we doubled our economy so the prospects are great but one only needs leadership to be sincere and intelligent...

Because you rebased your economy in that period. Simple math does not allow any economy to double with 6% growth rate in 5 years.

 

[xenia]

Because you rebased your economy in that period. Simple math does not allow any economy to double with 6% growth rate in 5 years.

the new base is introduced after every ten years..u want us to base our statistic on 1947??n sir new base is higher than previous one!!

 

[xMustiiej70]

economy can sink in a several weeks.
Its funny how they post IMMEDIATLY AND TRYING TO GET WORLD ATTENTION.
When something of pakistan is going bad.

 

[Neither Right Nor Wrong]

the new base is introduced after every ten years..u want us to base our statistic on 1947??n sir new base is higher than previous one!!

Can u elaborate ur above statement.

 

[xenia]

Can u elaborate ur above statement.

u calculate your growth rates using some base year!

 

[Neither Right Nor Wrong]

^^^ Yes nd usually it is the previous year which is taken as the base for this year.