10.6 million jobs created in last seven years.

[Aalsi]

Mahshallah, this is excellent news. This is why we need many more years of President Musharraf in power. :k:

http://thenews.jang.com.pk/daily_detail.asp?id=79809

10.6m jobs created in seven years: Dr Ashfaque

Saturday, November 10, 2007

ISLAMABAD: Strong economic growth on sustainable basis has created enormous employment opportunities as over the last seven years (2000-2006) the economy generated 10.65 million new jobs. In comparison, the economy could create only 4.6 million jobs during the period 1994-1999. This was stated by Special Secretary Finance and Debt Office Director General Dr Ashfaque Hassan Khan in an exclusive interview with APP on Friday. He said over one million jobs had been created in the information technology and telecom sector alone in the last three years.

“Pakistan’s economic performance over the last several years has been impressive and sound macro-economic management and wide-ranging structural reforms have contributed to high real GDP growth, a reduction in debt burden and an improved business climate,” Dr Ashfaque said. He said adherence to pro-poor policies had helped lower poverty rate and enhanced the income of the people. Dr Ashfaque said real GDP growth accelerated to an average of seven per cent per annum over the last five years which put Pakistan into the league of fastest growing economies in the Asian region.

As a result of strong economic growth, over US$16 billion foreign exchange reserves, stable exchange rate and declining debt burden, the investment climate in the country improved and Pakistan attracted $8.4 billion foreign investment in 2006-07, he added. He said strong economic growth implied higher collection of tax revenues and in the last eight years (1999-00 to 2006-07), the Federal Board of Revenue (FBR) collected additional tax revenues of Rs538 billion.

He said higher economic growth also more than doubled the country’s per capita income, which was an indicator of average level of prosperity. He said per capita income increased from $438 in 1998-99 to $925 in 2006-07, a rise of 111.2 per cent.

Dr Ashfaque said increase in per capita income along with enormous job opportunities led to sharp reduction in poverty. “In 1998-99, 30.6 per cent people were living below the poverty line. In 2004-05, only 23.9 per cent people were living under the poverty line,” he remarked. He said economic recovery of the last several years not only created more jobs and reduced poverty, but it also improved living standards of the people. He further said electric fans’ production increased by 102 per cent during 1999-2007. Pakistan, he said, produced three million electric fans in 1999, of which 50,000 fans were exported, but today the electric fan industry is producing over six million fans and exporting two million

[Mostar95]

Re: 10.6 million jobs created in last seven years.

Economy was very recessionery during 1996-2000. I was myself jobless in number of years then.

[suhaib]

Re: 10.6 million jobs created in last seven years.

indeed, musharraf has done tremendous and we need many more years of him to see this booming growth continue.

[Robert]

Re: 10.6 million jobs created in last seven years.

In the present age of globalization, cheap resources are sought after, much like hidden oil reserves. All Pakistan needs, is political stability and safer streets. More investment should surely improve people's life style, and change their attitudes from "protest" to "protect". Social Enemies like mullahs, BB, NS, CJ, IK want people to come out, display anger, destroy infrastructure hence scare off investors.

[Captain1]

Re: 10.6 million jobs created in last seven years.

@Aalsi

http://thenews.jang.com.pk/daily_detail.asp?id=79809

10.6m jobs created in seven years: Dr Ashfaque

Saturday, November 10, 2007

ISLAMABAD: Strong economic growth on sustainable basis has created enormous employment opportunities as over the last seven years (2000-2006) the economy generated 10.65 million new jobs. In comparison, the economy could create only 4.6 million jobs during the period 1994-1999. This was stated by Special Secretary Finance and Debt Office Director General Dr Ashfaque Hassan Khan in an exclusive interview with APP on Friday. He said over one million jobs had been created in the information technology and telecom sector alone in the last three years.

It is great for the country to create that many jobs :k: However no article can go without condemning past and licking boots of present. People tend to forget the political circus that was going on those days, its just thick headed people don’t understand that for economic growth the first thing needed is political stability in the country. Under dictatorship we have had that political stability for sometime, now that stability is fast on decline as well.

[Ali_R]

Re: 10.6 million jobs created in last seven years.

@Captain1

It is great for the country to create that many jobs :k: However no article can go without condemning past and licking boots of present. People tend to forget the political circus that was going on those days, its just thick headed people don’t understand that for economic growth the first thing needed is political stability in the country. Under dictatorship we have had that political stability for sometime, now that stability is fast on decline as well.

Further more we all forget about, the money flowing in from foreigner countries. I’m not talking about investments. I’m finger pointing at America. The only State that can make friends out of enemies and declare enemies to friends. So the hype is obviously there, but the question is how long will it last. Once the money pipeline is cut off, we will see much stable performance on markets. As long as we can prevent suicide bombers hitting trees.

[Reza_Pahlavi]

Re: 10.6 million jobs created in last seven years.

@Aalsi

Mahshallah, this is excellent news. This is why we need many more years of President Musharraf in power. :k:

http://thenews.jang.com.pk/daily_detail.asp?id=79809

10.6m jobs created in seven years: Dr Ashfaque

Saturday, November 10, 2007

ISLAMABAD: Strong economic growth on sustainable basis has created enormous employment opportunities as over the last seven years (2000-2006) the economy generated 10.65 million new jobs. In comparison, the economy could create only 4.6 million jobs during the period 1994-1999. This was stated by Special Secretary Finance and Debt Office Director General Dr Ashfaque Hassan Khan in an exclusive interview with APP on Friday. He said over one million jobs had been created in the information technology and telecom sector alone in the last three years.

“Pakistan’s economic performance over the last several years has been impressive and sound macro-economic management and wide-ranging structural reforms have contributed to high real GDP growth, a reduction in debt burden and an improved business climate,” Dr Ashfaque said. He said adherence to pro-poor policies had helped lower poverty rate and enhanced the income of the people. Dr Ashfaque said real GDP growth accelerated to an average of seven per cent per annum over the last five years which put Pakistan into the league of fastest growing economies in the Asian region.

As a result of strong economic growth, over US$16 billion foreign exchange reserves, stable exchange rate and declining debt burden, the investment climate in the country improved and Pakistan attracted $8.4 billion foreign investment in 2006-07, he added. He said strong economic growth implied higher collection of tax revenues and in the last eight years (1999-00 to 2006-07), the Federal Board of Revenue (FBR) collected additional tax revenues of Rs538 billion.

He said higher economic growth also more than doubled the country’s per capita income, which was an indicator of average level of prosperity. He said per capita income increased from $438 in 1998-99 to $925 in 2006-07, a rise of 111.2 per cent.

Dr Ashfaque said increase in per capita income along with enormous job opportunities led to sharp reduction in poverty. “In 1998-99, 30.6 per cent people were living below the poverty line. In 2004-05, only 23.9 per cent people were living under the poverty line,” he remarked. He said economic recovery of the last several years not only created more jobs and reduced poverty, but it also improved living standards of the people. He further said electric fans’ production increased by 102 per cent during 1999-2007. Pakistan, he said, produced three million electric fans in 1999, of which 50,000 fans were exported, but today the electric fan industry is producing over six million fans and exporting two million

That is fantastic news. Tremendous and historic economic achievments under the Musharraf govt. :k:

[Aalsi]

Re: 10.6 million jobs created in last seven years.

Social Enemies like mullahs, BB, NS, CJ, IK want people to come out, display anger, destroy infrastructure hence scare off investors.

Yep. President Musharaf and his policies have kept Pakistan together and kept the investment flowing in. What exactly did BB, NS, and ZAB years achieve apart from taking the country to bankruptcy.

[Reza_Pahlavi]

Re: 10.6 million jobs created in last seven years.

In the present age of globalization, cheap resources are sought after, much like hidden oil reserves. All Pakistan needs, is political stability and safer streets. More investment should surely improve people's life style, and change their attitudes from "protest" to "protect".** Social Enemies like mullahs, BB, NS, CJ, IK want people to come out, display anger, destroy infrastructure hence scare off investors**.

So true. The fact that there has been such a growth in employment under the Musharraf is something to be appluaded, and I am sure those 10.6 million who now have jobs are not going to have anytime to get involved in the anarchise tactics of the opposition.

[Aalsi]

Re: 10.6 million jobs created in last seven years.

So true. The fact that there has been such a growth in employment under the Musharraf is something to be appluaded, and I am sure those 10.6 million who now have jobs are not going to have anytime to get involved in the anarchise tactics of the opposition.

It appears that this is the case. No one seems to be listening to the cries of party leaders and come out on the streets in large numbers.

[Reza_Pahlavi]

Re: 10.6 million jobs created in last seven years.

indeed, musharraf has done tremendous and we need many more years of him to see this booming growth continue.

Yup, and long may it continue.