Pakistan Economy : Updates and Discussions
- Thread starter randomradio
- Start date
Dear Prime Minister
"Dear prime minister, Pakistan’s private sector is the goose that lays the golden eggs and it has already stopped laying the eggs"
"Dear prime minister, Pakistan’s private sector is the goose that lays the golden eggs and it has already stopped laying the eggs"
@Sathya @ni8mare @randomradio @_Anonymous_
Allow me to borrow a phrase : "So bad so sad"
Pakistan’s 2020 economic growth to slow to 2.7%: World Bank | Samaa Digital
Pakistan’s economic growth will decelerate or slow to 3.4% in the 2019 financial year and 2.7% in the 2020 financial year.
Allow me to borrow a phrase : "So bad so sad"
Pakistan’s 2020 economic growth to slow to 2.7%: World Bank | Samaa Digital
Pakistan’s economic growth will decelerate or slow to 3.4% in the 2019 financial year and 2.7% in the 2020 financial year.
I'm surprised they're registering some growth. I thought they'd be in the negative by now. Of course, you do realize what that means!!
Kashmir ab bhi banega Pakistan!! @safriz
Let PKR breech 160 mark. After that whichever way you look, it will be negative growth.
Kashmir Banega pakistan.
Its hovering around 140-145 now. Around October 2018 it was around 120-125. That's 20 marks up within a 6 months time frame, also there was no India-Pak stand off then. At this rate, I would say give it another 4-5 months and it should be hitting 160 if not more.
With minor 2-3% growth, compounded with near 10% inflation yearly & rapidly falling PKR value by 15-30% annually, means in real terms they be going back a decade atleast, every 2-3 years. With ever ballooning debt in $ terms
Ok let me spell it in easy terms - GDP growth rate is always in local currency pls. Note I said in real terms
Here high inflation vs growth figure (10%-3% = 7%) will decrease local buying power of citizen for goods grown inhouse - shrinkage in GDP in PPP terms.
While fall in PKR vs $ will make the GDP size shrink in Nominal terms. Nominal GDP shrinkage, adjusted with 3% increase but 15-30% decrease in dollar terms.
Combined fall in PPP & Nominal GDP for Pakistan, translates to earlier years lvl of goods buying capacity & Per capita income in $ terms, reached few years back. Hence economy going back a decade atleast, every 2-3 years.
Now this spells further doom for a highly debited economy, which has low revenue collection, Translates to same $ Debt (if none new added), becoming bigger, as value of local currency has shrunk Vs Dollar - So I said - Plus ever ballooning debt in $ terms
Last edited:
Real growth = nominal growth - inflation. High inflation is problem because growth is never equidistributable
Buddy you need to study economics - and am not even talking Honors lvl, basic collage lvl will do.
Now explain if that is the only factor as you stated, without factoring currency valuation change & tomorrow Pakistan Rupee becomes 300 to a dollar, does't per capita income in dollar fall by half - pls google Nominal GDP or ask me I will write its explanation
Even if assuming a factory in Pakistan who was earlier growing 100 goods, may be growing say 103 ie 3% increase (example for Pak Economy at national lvl at a average). but that 3% increase which will be called 3% GDP growth, cant suffice for half GDP value lost in dollars terms - which is called Nominal GDP.
And I haven't even started with inflation, as you wont follow.
For a country whose economic growth is the same as the population growth rate, you already know it's in the negative.
What're you talking about? A vast majority of their population is well employed. As serfs serving rich landowners in various parts of the country, with one square meal a day.
Then there are the uber lucky ones who aspire for and get a one way ticket to you know where. The rest get employed in the PA and various other services also lucky enough to get a one way ticket and their various commercial arms. A few turn expatriate workers in the Gulf but who'd be returning home for good to experience greener pastures and still fewer like @safriz emigrate, earn a decent livelihood but are unhappy & still yearn for the hustle and bustle back home going to great lengths to recreate the same scenario in their country of adoption.
It's never a better time to be a Pakistani.
Yeah, they are set to lose about $50B this year, not counting the current crisis. The effect from the current crisis is yet to be uncovered.
The contraction in Pakistans GDP has made role of Army all the more powerful. In GDP their previous share was 30% which is now increased to roughly 35% with more projects in the pipeline. They will soon become majority share holder and will prove the saying that in world every other country has an army however in Pakistan army has a country.
I have ever read somewhere that Pakistan army even produces toothpaste in Pakistan. And heavily involved in kidnap from tribals regions for prostitution business controlled by army.
I cant find that article. Or maybe it was a interview by a insider I watched somewhere. But I did find another which states
"In July 2016, the Pakistani senate was informed that the armed forces run over 50 commercial entities worth over $20 billion. Ranging from petrol pumps to huge industrial plants, banks, bakeries, schools and universities, hosiery factories, milk dairies, stud farms, and cement plants"
Source: - Inside Pakistan’s biggest business conglomerate: the Pakistani military
interesting read - exactly as @BlackOpsIndia said
So next time anyone needs a Apple Pie you know who to call in Border region - fresh from Bakery delivery