The story of gdp growth

tempting

Councller (250+ posts)
Despite difficult corona circumstances, Pakistan has shown good economic growth this year under Imran Khan. This is a great achievement and a result of diverse factors including good policy making on corona, effective package for construction sector, executive actions plus corona curbed hundi hawala , resulting increase in remittances and then lucky bumper crops happened. I hope that the numbers are real and the trend continues. Kudos to government, that it took some long term decisions and they also contributed. Comparing to India, the economy contracted 12.5% last year and this year will expand 9%, roughly translating to minus 3% in 2 years. Compare to Nawaz sharif era, the economy in last year of government expanded by 16 billion dollars and deficit was 19 billion dollars, resulting output of minus 3 billion dollars from the overall productivity. There are a lot of people who simply play with out of equilibrium dollar price in N league era to compare per capita income and economy size in dollars though it is simply a translation from rupees. If this governmnet throws 10 billion dollars in the market, the dollar will go to 120 rupees and economy size in rupees (48k billion) will translate to 400 billion dollars but this will curb gdp growth for next 3 years. What an ordeal for common man that. would be. This is what our miraclous mian sahib did.

If the trend continues, , though I have my reservations, the next election are going to be a tough one.
 

xshadow

Minister (2k+ posts)
پہلے شاید میں نہ مانتا مگر جب سے شہباز شریف نے عدم اعتماد کا اظہار کیا ہے اس سے لگتا ہے کہ واقعی چار فیصد کی گروتھ ہورہی ہے وہ بھی کرونا میں جبکہ بیرونی اور اندرونی قرض بھی نہیں بڑھ رہا جو نون لیگ کے دور میں ہورہا تھا۔
 

Worldtronic

Senator (1k+ posts)
پہلے شاید میں نہ مانتا مگر جب سے شہباز شریف نے عدم اعتماد کا اظہار کیا ہے اس سے لگتا ہے کہ واقعی چار فیصد کی گروتھ ہورہی ہے وہ بھی کرونا میں جبکہ بیرونی اور اندرونی قرض بھی نہیں بڑھ رہا جو نون لیگ کے دور میں ہورہا تھا۔

Your statement remind Mr. Khan statement when he appointed Mr. Shaikh C P Lahore, and opposition opposed. Khan said I feel that I appointed the correct person. But after that what happened to CCPO Lahore.
Now here are the data of Pakistani foreign loan's continuously increasing.

pakistan-external-debt.png

Here is the Website, if you have any doubt you can check also can check State bank of Pakistan annual report. As per this report Pakistan Govt total lying.

The week of Khotha award goes to you, for this of your outstanding words.

ہلے شاید میں نہ مانتا مگر جب سے شہباز شریف نے عدم اعتماد کا اظہار کیا ہے اس سے لگتا ہے کہ واقعی چار فیصد کی گروتھ ہورہی ہے وہ بھی کرونا میں جبکہ بیرونی اور اندرونی قرض بھی نہیں بڑھ رہا جو نون لیگ کے دور میں ہورہا تھا۔
 

Worldtronic

Senator (1k+ posts)
پہلے شاید میں نہ مانتا مگر جب سے شہباز شریف نے عدم اعتماد کا اظہار کیا ہے اس سے لگتا ہے کہ واقعی چار فیصد کی گروتھ ہورہی ہے وہ بھی کرونا میں جبکہ بیرونی اور اندرونی قرض بھی نہیں بڑھ رہا جو نون لیگ کے دور میں ہورہا تھا۔

Pakistan’s foreign debt and liabilities increased by $3 billion or 2.6 percent during the six months period ended in December last, the country’s central bank’s data showed. Till December, external debt and liabilities totalled $115.7 billion compared to $112.7 billion till June-end. Total external debt and liabilities were $110.7 billion till December 2019, according to the State Bank of Pakistan (SBP).

Economist Ashfaque Khan told Pak Daily The News International that the external deb ..

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
 

Wake up Pak

(50k+ posts) بابائے فورم
Current fiscal year has registered highest ever external debt servicing / repayments in entire country history. Pakistan has repaid $10.6 Billion in first 9 months of FY & thus overall net increase in external debt has been lowest in 6 years.

Source : SBP
 

Wake up Pak

(50k+ posts) بابائے فورم
Do you know that 56% of public external debt increase in PTI tenure happened in first yr which was absolutely c/f thing & had nothing to do with PTI policies. Imagine if PTI was not required to deal with declining reserves, exports, $20B CAD & $12B debt servicing in first year.
 

Wake up Pak

(50k+ posts) بابائے فورم
"The GDP size surged to $296 billion in 2020-21 against $263bn in 2019-20, an increase of $33bn or 12.54pc. The size of the economy grew in $ terms as the Rs strengthened against the $ — the highest-ever increase in any year"
 

Wake up Pak

(50k+ posts) بابائے فورم
PMLN borrowed $30bn in their last 3 yrs and pushed Pakistan into a debt trap.
PTI has now reduced the pace of debt and caused much lower debt in FY20 and 9MFY21 compare to PMLN's last 3 yrs.
PTI has made record repayments of foreign loans compare to PMLN.
 

Wake up Pak

(50k+ posts) بابائے فورم
Perception against reality. PTI borrowed less in its first three years term than PMLN in its last three years. Remember PTI inherited $19bn CAD, FATF grey list, Surgical strike & faceoff with India, Covid-19, and Locust attack etc.
 

crankthskunk

Chief Minister (5k+ posts)
Pakistan’s foreign debt and liabilities increased by $3 billion or 2.6 percent during the six months period ended in December last, the country’s central bank’s data showed. Till December, external debt and liabilities totalled $115.7 billion compared to $112.7 billion till June-end. Total external debt and liabilities were $110.7 billion till December 2019, according to the State Bank of Pakistan (SBP).

Economist Ashfaque Khan told Pak Daily The News International that the external deb ..

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

I don't know about him but khoota award goes to you. Foreign debts have not increase that much on reality. But because of Rupee finding its true position , the debt has increased due to the value of the rupee. Nothing more. If we apply today's true market rate of rupee to the dollar to the debt fudged figures of Crook Dar, the picture would be the same.
What Khan's government has done is to pay off most expensive debt Dar accumulated in different companies names. The debt was not even showing in official data, despite sovereign guarantees given for the loans.
Now shut up and worship Nawaz statue.
 

Worldtronic

Senator (1k+ posts)
Current fiscal year has registered highest ever external debt servicing / repayments in entire country history. Pakistan has repaid $10.6 Billion in first 9 months of FY & thus overall net increase in external debt has been lowest in 6 years.

Source : SBP

Pakistan has repaid $10.6 Billion in first 9 months but.... gets three time more what he paid.

Govt gets $33b in foreign loans

Think tank warns borrowing will keep economy in state of low growth

ISLAMABAD:
The government has so far obtained $33 billion in gross foreign loans to service debt and support economic growth, as a think tank warns that unsustainable borrowing will keep the economy in a state of low growth and close to default.

The $33 billion in gross foreign loans from July 2018 through March 2021 were equal to 78% of the external borrowing made by the previous Pakistan Muslim League-Nawaz (PML-N) government during its five-year tenure.

The Institute of Policy Reforms has analysed the foreign borrowing trends of the last 20 years till fiscal year 2019-20. The Express Tribune has expanded the foreign borrowing data till March 2021 aimed at fully covering the current government’s tenure.

The Pakistan Tehreek-e-Insaf (PTI) government took $32.9 billion in foreign loans as of March this year, including Eurobonds, and $25 billion or 76% of these loans had been taken for budget and balance of payments support.

The central bank’s data showed that the government added about $15 billion to the external public debt, which meant rest of the loans were used to repay the maturing loans.

The PTI government took $10.3 billion in foreign loans in the past nine months, including through Eurobonds.

Similarly, the PML-N government had taken foreign loans of $42.4 billion in five years including $27 billion or 64% for budget support, according to the IPR. The last government had returned around $24 billion worth of foreign loans in five years.

Both the PTI and PML-N resorted to heavy foreign borrowing due to their failure to attract sufficient non-debt creating inflows. The result was that both the PTI and PML-N governments took pride in taking foreign loans to avoid looming default.

Pakistan must end its preference for accessing any available foreign fund regardless of interest cost and the country must take a deep look at its public fiscal management, stated the IPR in its report titled “Foreign Aid and Purpose - Pakistan Must Slowdown External borrowing”.

Headed by PTI’s Humayun Akhtar Khan, the IPR report underlined that the most critical problem faced by Pakistan’s economy was repayment and servicing of external debt.

 

farooqak

Minister (2k+ posts)
Pakistan is taking loans to make dams; not taking loans to release in market
proper investment with loans taken will take us in right direction

but Pakistan historically lacks stability
 

Back
Top