Pakistan Rising or Failing? Reality vs Perception

[RiazHaq]

Pakistan has a population of over 200 million people and a booming trillion dollar economy ranked among the top 25 largest economies of the world.
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[TD="class: m_7696017514138020051gmail-tr-caption"]Courtesy: Ashraf Hameedi, Highforest Capital[/TD]
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Pakistan's 135 million millennials have made it the world's fastest growing retail market. There is surging demand for fast moving consumer goods (FMCG) and durables like smartphones, computers, cars, motorcycles and home appliances.



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[TD="class: m_7696017514138020051gmail-tr-caption"]Courtesy: Nikkei Asian Review[/TD]
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Major energy and infrastructure projects, part of China-Pakistan Economic Corridor (CPEC), are transforming the country and creating millions of new jobs.Incidents of terrorism and terror related deaths are in sharp decline since the country's military started nation-wide anti-terror operations in 2013.

Its $20 billion tourism industry is seeing rapid growth.And yet, many continue to call Pakistan a "failed state". Why is it? Why is perception lagging reality?

Viewpoint From Overseas host Faraz Darvesh discusses these questions with Monis Rehman, Pakistani entrepreneur and CEO of Rozee.pk, and regular panelist Riaz Haq (www.riazhaq.com)

Source

 

[Qalandar]

Rubbish thread. The economy is failing. Even the foreign reserves are depleting.

https://www.dawn.com/news/1383863

KARACHI: The State Bank of Pakistan (SBP) reported on Thursday its foreign exchange reserves amounted to $13.69 billion on Jan 12, down $2.45bn from $16.14bn at the end of June 2017.The dip comes despite $2.5bn borrowing from global bond markets at the end of November.Static remittances, increa*sing trade deficit, insufficient rise in exports and relentless build-up of external debt are some of the reasons behind the softening position in the external account.During the current fiscal year, Pakistan has also raised about $1bn through commercial short-term borrowing. ​

 

[arafay]

I dont know why this fraudia guy is hell bound in comparing Pakistan with developed countries. These countries have a low GDP % because much of the development has already taken place and the size of the economy is so big that there is very little room to grow. The GDP measures gross domestic product. If the population already lives a great lifestyle, they do not aspire to work hard and therefore the growth rate is low. On the other hand 3rd world countries like Pakistan, there are millions of people without basic facilities and these people want the same lifestyle as any developed countries. Therefore, there is a lot of room for growth.

For eg. if India can get 1 toilet per family unit, I am sure there GDP will grow very fast because all that construction work will contributed to the GDP growth rate. However, in USA all families have a toilet already so they cannot compete with India GDP growth rate. Same thing applies to SUVs, TV, home theater and other products common in a USA/Australia/Canada/Japan/UK/Germany but rare in India/pakistan etc. However, this doesn't mean that India/Pakistan economy is better than USA!!!

We should compare pakistan to regional emerging economies that have similar economic characteristics as we do namely china, India and Bangladesh. In fact, it could be argued that china is headed towards becoming a developed economy and therefore GDP growth rates will drop. That leaves India that gained independence same time as pakistan and bangla that gained independence 25 years after pakistan. That is the only comparison that should matter for Pakistan.

Also you can add far east countries like Vietnam, Thailand, malaysia and Indonesia for comparison sake. Personally i don't like that comparison because these countries have a different dynamics that south asia.

 

[WatanDost]

پٹواری کھوتوں سے سادہ سا سوال

آمدنی روپیہ ... لوٹ مار ١٠ روپیہ

نتیجہ کیا نکلنا چاہیے ... کھوتے کے گھسے هوئے کھرو ؟

 

[Dawood Magsi]

100 Baaton ki aik Baat, Jab tak Nawaz Khhazneer aor uss ka gang along with Zardari tola are ruling, we have no future. period

 

[Dawood Magsi]

Rubbish thread. The economy is failing. Even the foreign reserves are depleting.

https://www.dawn.com/news/1383863

KARACHI: The State Bank of Pakistan (SBP) reported on Thursday its foreign exchange reserves amounted to $13.69 billion on Jan 12, down $2.45bn from $16.14bn at the end of June 2017.The dip comes despite $2.5bn borrowing from global bond markets at the end of November.Static remittances, increa*sing trade deficit, insufficient rise in exports and relentless build-up of external debt are some of the reasons behind the softening position in the external account.During the current fiscal year, Pakistan has also raised about $1bn through commercial short-term borrowing. ​

of Pi$$ drinking Internet Hindu, why dont you come up with your real ID ?

 

[RiazHaq]

#BMI Research in World Economic Forum (#WEF18) report says #Pakistan among top 10 drivers of global #economic growth as "manufacturing hub". Others in top 10: #Bangladesh #Egypt #Indonesia #Nigeria #Ethiopia #Kenya https://www.weforum.org/agenda/2016/07/these-are-the-10-emerging-markets-of-the-future




"Pakistan will develop as a manufacturing hub over the coming years, with the textile and automotive sectors posting the fastest growth at the beginning of our forecast period. Domestic manufacturing investment will be boosted by the windfall from lower energy prices compared to the last decade, and improved domestic energy supply."






A new report from BMI Research has identified the "10 emerging markets of the future" — the countries that are set to become new drivers of economic growth over the next 10 years.


BMI estimates that these countries will cumulatively add $4.3 trillion to global GDP by 2025 — roughly the equivalent of Japan's current economy.


In general, manufacturing and construction are the sectors that will drive the economies. BMI reports that new manufacturing hubs are set to emerge in Bangladesh, Myanmar, and Pakistan, and that these countries will see particularly strong growth in exporting manufacturing industries. And construction growth is going to be widespread throughout all the countries — partly to facilitate increases in urban populations and partly to help develop the manufacturing sector.


On the other hand, extractive industries — like mining, oil, and gas — are going to play a far smaller role in driving growth than they have the past 15 years.


While it might provide bright spots for some countries, the report states, "the ubiquitous commodity-driven growth model that was derailed by the 2012-2015 collapse in commodity prices is not coming back."