Pakistan's economy is gradually improving | Dr Shumail Daud

[Ashfaaqahmdd]

 

[Okara]

Rajarawal111 Sahib
All these people are spreading false news regarding good economy. We know before PTI took over government, the debt of Pakistan was only USD221B but the incompetence of PTI increased this debt to USD224B.
Alhamdu Lillah the trade deficit of Pakistan was USD20B which PTI dropped to USD1b and the last few months its positive. Also the state owned enterprises were doing fine during PMLN time and loosing only Rs286B a year but PTI destroyed the system and now its only Rs143B.
During PMLN times, we were so rich that we were hiring Turkish to clean our cities and run our metros and now...

 

[Islamabadi1]

Economy is improving sure....PTI has the distinction where during its 2 1/2 year term the bangladeshi economy has grown BIGGER than Pakistani economy....khotey ki aulaad satisfied with a 2% growth

 

[Zainsha]

kis chutiya ko bata rahay ho.. yeh kanjar koi economist naheen hai.. kiraaye ka kutta hai..

 

[Okara]

Economy is improving sure....PTI has the distinction where during its 2 1/2 year term the bangladeshi economy has grown BIGGER than Pakistani economy....khotey ki aulaad satisfied with a 2% growth

Was Bangladesh ruled by PMLN or PPP?

 

[Rafique Ahmed]

The gradual improvement of the economy is very subjective and will be measured against the predefined benchmark(s). When we say improvement it means an increase over a previous period. Lets say in the year 2019 the GDP of Pakistan was Rs. 1.00 and then in the year 2020 it became Rs. 2.00. So in terms of percentage increase, it will be a 100% increase but then the benchmark should be seen. In the year 2019, it was only Rs. 1.00 so this 100% increase is insignificant. The actual economy of Pakistan in terms of GDP in 2019 was recorded at US$$ 278.2 billion, this size of the economy is very small and any growth will be insignificant for as long as the base volume of the economy increases to at least US$$ 1,000 billion. Even a medium-sized corporation in the West has more annual revenue than the total GDP of Pakistan in 2019. The nominal per capita GDP of Pakistan is so dismally low that even discussing it would bring embarrassment to a nation of over 220 million people. So in nutshell don't fool ourselves by the words like increase, expansion, stability, current account surplus and so on rather focus on the base volume to draw the right conclusions which might be heartbreaking but definitely give a very good reality check