Re: Comparison of Pakistani economical growth and GNP under different rule
146 billion dollars...that's it, If the top 20 richest ppl in India wanted to buy out Pakistan, they could buy it anyday !!
Re: Comparison of Pakistani economical growth and GNP under different rule
Sa1eem
would it be possible to break out performance year by year for BB and NS era. it would be good to see how they stack up against each other.
Brother sure, with pleasure, you are welcome. :D
Actual rule of the corrupts has lot of intermittent periods: Anyhow, here is there economical performances:
BB (Ist period) 1988-1990 (2 years)
Total starting GNP July 1988: Rs 704.48 billion = 40.03 billion dollars (Ave ex rate for the yr Rs 17.6 to a dollar). It comes to per capita income of $ 395.
Total end GNP June 1990: Rs 890.67 billion = 41.52 billion dollars (Ave ex rate for the yr Rs 21.45 to a dollar). It comes to per capita income of $ 389.
That means in dollar terms, Pakistan GNP grew by an average of 1.84 percent a year and per capita income actually decreased on average by 0.77 percent a year from 395 dollars in 1988 to 389 dollars in 1990 during 2 years corrupt rule of BB.
NS (1st period) 1990 – 1993 (3 years)
Total starting GNP July 1990: Rs 890.67 billion = 41.52 billion dollars (Ave ex rate for the yr Rs 21.45 to a dollar). It comes to per capita income of $ 389.
Total end GNP June 1993: Rs 1342.8 billion = 51.73 billion dollars (Ave ex rate for the yr Rs 25.96 to a dollar). It comes to per capita income of $ 450.
That means in dollar terms, Pakistan GNP grew by an average of 7.6 percent a year and per capita income increased by an average of 4.97 percent a year during 3 years of NS rule.
BB (2nd period) 1993 – 1996 (3 years)
Total starting GNP July 1993: Rs 1342.8 billion = 51.73 billion dollars (Ave ex rate for the yr Rs 25.96 to a dollar). It comes to per capita income of $ 450.
Total end GNP June 1996: Rs 2113.04 billion = 62.94 billion dollars (Ave ex rate for the yr Rs 33.57 to a dollar). It comes to per capita income of $ 508.
That means in dollar terms, Pakistan GNP grew by an average of 6.75 percent a year and per capita income increased by an average of 4.12 percent a year during 3 years of BB rule.
NS (2nd period) 1996 -1999 (3 years)
Total starting GNP July 1996: Rs 2113.04 billion = 62.94 billion dollars (Ave ex rate for the yr Rs 33.57 to a dollar). It comes to per capita income of $ 508.
Total end GNP June 1999: Rs 2912.83 billion = 62.25 billion dollars (Ave ex rate for the yr Rs 46.79 to a dollar). It comes to per capita income of $ 468.
That means in dollar terms, Pakistan GNP decreased by an average of about 0.4 percent a year from 62.94 billion dollars in 1996 to 62.25 billion dollars in 1999 and per capita income decreased on average by 2.77 percent a year from 508 dollars in 1996 to 468 dollars in 1999 during 3 years mega corrupt rule of NS.
Excluding period after nuclear detonation
Another thing to remember is that Pakistan detonated nuclear devices at end of May 1998, almost end of financial year 1997-1998. So, let see the situation of economy before nuclear device detonations.
Total starting GNP July 1996: Rs 2113.04 billion = 62.94 billion dollars (Ave ex rate for the yr Rs 33.57 to a dollar). It comes to per capita income of $ 508.
Total end GNP June 1998: Rs 2653.29 billion = 61.43 billion dollars (Ave ex rate for the yr Rs 43.19 to a dollar). It comes to per capita income of $ 473.
That means (before nuclear detonation) in dollar terms, Pakistan GNP decreased by an average of about 1.22 percent a year from 62.94 billion dollars in 1996 to 61.43 billion dollars in 1998 and per capita income decreased on average by 3.66 percent a year from 508 dollars in 1996 to 473 dollars in 1998 during 2 years mega corrupt rule of NS.
So, NS bad economical performance was nothing to do with effect of nuclear detonation or sanctions. Actual sanctions really started when President Musharraf took over power, as that was the time Pakistan had double sanctions, that is sanctions due to nuclear detonation as well as sanctions related to military rule.
Now, one can form their own conclusions from the figures. Writing is on the wall for all to see. None of the figures are mine but what I am doing is analyse the figures from Pakistan statistics department, that anyone can check.
Re: Comparison of Pakistani economical growth and GNP under different rule
rocking vibes
maybe they can use that money to feed the hundreds of millions below poverty line in India.
that would be good.
Re: Comparison of Pakistani economical growth and GNP under different rule
sa1eem bhai yaar zara formatting theek kar lain
Re: Comparison of Pakistani economical growth and GNP under different rule
sa1eem bhai yaar zara formatting theek kar lain
Bhai, it is done. It took a bit time, but all is formatted now and hopefully easy to read :)
Re: Comparison of Pakistani economical growth and GNP under different rule
wow...good work
this is very telling indeed.
I would ask you to do a time series graph in excel but then I may be asking too much :) although a picture (or graph)is worth a thousand words
Re: Comparison of Pakistani economical growth and GNP under different rule
That is true, picture is worth a thousand words. Graphs can be one glance information that can tell a lot and it would be a nice idea. But when many Pakistanis do not understand simple figures, to ask them to understand graphs would be asking too much 
.
Re: Comparison of Pakistani economical growth and GNP under different rule
many economists have also said that it was the pre 9/11 policies of pak govt that served as an engine. they have also said that while 9/11 played a role, it was not the sole cause of the boom.
but as I noted, it was discussed in quite detail is a diff thread by sa1eem, maybe you can find it so it all does not have to be rehashed yet again. but we can then reference what was already covered in that thread to move ahead on that discussion
anyways its technically not pre and post 9/11 but before the aid arrived and how long it took to make an impact on economy overall, versus prior to that period. I dont recall aid arriving on 9/11 or even immediately afterwards, The topic of how long it takes for such aid to make wide impact is a whole diff issue.
perhaps, but they are all in agreement that the 'boom' would not have been possible without the ensuing benefits of 9/11, not just aid, but things like debt relief, with immediate effect.
ignoring the difference between Pak economy pre-9/11, and after 9/11is just ignoring reality.
Re: Comparison of Pakistani economical growth and GNP under different rule
146 billion dollars...that's it, If the top 20 richest ppl in India wanted to buy out Pakistan, they could buy it anyday !!
Either you are too impressed with India or you don't know anything about economics :)
Re: Comparison of Pakistani economical growth and GNP under different rule
NS (1st period) 1990 – 1993 (3 years)
Total starting GNP July 1990: Rs 890.67 billion = 41.52 billion dollars (Ave ex rate for the yr Rs 21.45 to a dollar). It comes to per capita income of $ 389.
Total end GNP June 1993: Rs 1342.8 billion = 51.73 billion dollars (Ave ex rate for the yr Rs 25.96 to a dollar). It comes to per capita income of $ 450.
That means in dollar terms, Pakistan GNP grew by an average of 7.6 percent a year and per capita income increased by an average of 4.97 percent a year during 3 years of NS rule.
Ahh, this is the period I keep talking about :D, it wasn't that bad.. I was there during both tenures of BB (& Mr 10%) as well as first tenure of Ganja Sharif.
Re: Comparison of Pakistani economical growth and GNP under different rule
perhaps, but they are all in agreement that the 'boom' would not have been possible without the ensuing benefits of 9/11, not just aid, but things like debt relief, with immediate effect.
add the huge inflow of cash from US (Pakistanis fleeing from US/Canada??? and may be other countries).
Re: Comparison of Pakistani economical growth and GNP under different rule
Saleem thanks for such an exhaustive analysis (I give credit where it's due) and it does seem that Musharraf has done better than most atleast on the economic front. That said my problem was never with Musharraf rather with military rule. Economic success or not, the military in Pakistan should not see themselves as an alternative to democracy or civilian rule. It's about time Musharraf handed over power to an elected civilain president and PM as happens in most civilised societies. But there should be an effective system of checks and balances so our elected leaders are unable to repeat the same mistakes of the past. An independent and impartial judiciary would go a long way towards ensuring that.
Re: Comparison of Pakistani economical growth and GNP under different rule
If you really think about it in simpler terms, theresnt much difference between India and Pakistan in terms of resources - material and human. Two key differences are: size and religion influence in policy. As someone pointed out having reached critical mass in size of middle class, if Pakistan can somehow get rid of the religion zealotry, there's no reason why the economic woes cannot be overcome.That and putting army in place.
Re: Comparison of Pakistani economical growth and GNP under different rule
add the huge inflow of cash from US (Pakistanis fleeing from US/Canada??? and may be other countries).
increased remittances, crackdown on hundi, correct
Re: Comparison of Pakistani economical growth and GNP under different rule
perhaps, but they are all in agreement that the 'boom' would not have been possible without the ensuing benefits of 9/11, not just aid, but things like debt relief, with immediate effect.
ignoring the difference between Pak economy pre-9/11, and after 9/11is just ignoring reality.
sorry, while they say that the financial aid had a part to play in it, they also say that the right policies were set prior to 9/11 and the effects of them were beginning to show.
Pak economy did not get some immediate bump on 9/12, so if you take the dates that the debt relief and all happened, and put some realistic estimate of how soon it had impact, it would still be some time out. You are more than welcome to see that the downward spiral that nawaz regime was in was slowed down, stopped and reversed in that time period.
Re: Comparison of Pakistani economical growth and GNP under different rule
add the huge inflow of cash from US (Pakistanis fleeing from US/Canada??? and may be other countries).
and dont forget the huge economic impact, expense and loss due to the earthquake..
Re: Comparison of Pakistani economical growth and GNP under different rule
NS (2nd period) 1996 -1999 (3 years)
Total starting GNP July 1996: Rs 2113.04 billion = 62.94 billion dollars (Ave ex rate for the yr Rs 33.57 to a dollar). It comes to per capita income of $ 508.
Total end GNP June 1999: Rs 2912.83 billion = 62.25 billion dollars (Ave ex rate for the yr Rs 46.79 to a dollar). It comes to per capita income of $ 468.
That means in dollar terms, Pakistan GNP decreased by an average of about 0.4 percent a year from 62.94 billion dollars in 1996 to 62.25 billion dollars in 1999 and per capita income decreased on average by 2.77 percent a year from 508 dollars in 1996 to 468 dollars in 1999 during 3 years mega corrupt rule of NS.
Excluding period after nuclear detonation
Another thing to remember is that Pakistan detonated nuclear devices at end of May 1998, almost end of financial year 1997-1998. So, let see the situation of economy before nuclear device detonations.
Total starting GNP July 1996: Rs 2113.04 billion = 62.94 billion dollars (Ave ex rate for the yr Rs 33.57 to a dollar). It comes to per capita income of $ 508.
Total end GNP June 1998: Rs 2653.29 billion = 61.43 billion dollars (Ave ex rate for the yr Rs 43.19 to a dollar). It comes to per capita income of $ 473.
That means (before nuclear detonation) in dollar terms, Pakistan GNP decreased by an average of about 1.22 percent a year from 62.94 billion dollars in 1996 to 61.43 billion dollars in 1998 and per capita income decreased on average by 3.66 percent a year from 508 dollars in 1996 to 473 dollars in 1998 during 2 years mega corrupt rule of NS.
So, NS bad economical performance was nothing to do with effect of nuclear detonation or sanctions. Actual sanctions really started when President Musharraf took over power, as that was the time Pakistan had double sanctions, that is sanctions due to nuclear detonation as well as sanctions related to military rule.
Now, one can form their own conclusions from the figures. Writing is on the wall for all to see. None of the figures are mine but what I am doing is analyse the figures from Pakistan statistics department, that anyone can check.
Nawaz Sharif reversed in his second term any little economic success he had achieved during his first stint in office.
We cannot allow 8 years of unprecedented and historic economic success under Musharraf be reversed by any civilian ruler.
Re: Comparison of Pakistani economical growth and GNP under different rule
NS (2nd period) 1996 -1999 (3 years)
Total starting GNP July 1996: Rs 2113.04 billion = 62.94 billion dollars (Ave ex rate for the yr Rs 33.57 to a dollar). It comes to per capita income of $ 508.
Total end GNP June 1999: Rs 2912.83 billion = 62.25 billion dollars (Ave ex rate for the yr Rs 46.79 to a dollar). It comes to per capita income of $ 468.
That means in dollar terms, Pakistan GNP decreased by an average of about 0.4 percent a year from 62.94 billion dollars in 1996 to 62.25 billion dollars in 1999 and per capita income decreased on average by 2.77 percent a year from 508 dollars in 1996 to 468 dollars in 1999 during 3 years mega corrupt rule of NS.
do you have any prove
any court statement that have declared that it was corrupted era
every one knows that was due to sanctions
and why you forgot
the recent steal mill case
how government was involved in curruption
what they have done with PIA
yaar stop playing with figures to show that Musharaf is the GOD and all the rest are only currupt
if you don't have any prove then plz don't declare it as 3 years mega corrupt rule
if yes bring court judgment
that will be helpful
Re: Comparison of Pakistani economical growth and GNP under different rule
^
Angrezi yah urdu please. :)
Re: Comparison of Pakistani economical growth and GNP under different rule
and dont forget the huge economic impact, expense and loss due to the earthquake..
that was very well covered by the aid (not the lives lost though) which now seems disappeared in thin air.