Re: In Pakistan
same is with the state of Delhi and probably even Gujrat, I don't remember load shedding in my three months stay in Kutch area district called Bhuj even before progressive Modi came:)
**Because these city generates better revenue than others, Load shedding is very less in neighbouring state of Maharashtra called Karanataka:D
**Thats strange in Pakistan its opposite.
Re: In Pakistan
same is with the state of Delhi and probably even Gujrat, I don't remember load shedding in my three months stay in Kutch area district called Bhuj even before progressive Modi came:)
Because these city generates better revenue than others, Load shedding is very less in neighbouring state of Maharashtra called Karanataka:D
neighboring chhattis garh is also load shedding free.....
I never understand ..........why karachi and lahore are not load shedding free
Re: In Pakistan
neighboring chhattis garh is also load shedding free.....
I never understand ..........why karachi and lahore are not load shedding free
The governments priorities are screwed, during this winters in Faisalabad which is the textile capital of Pakistan didnt have gas or electricity. For the government gas to CNG pumps and ordinary customers are more important than industry. The priorities are not right, the areas which generate maximum revenue are punished even more hence resulting in aggravation in the circular debt even further.
Re: In Pakistan
dont you have small thnermal power plants producing 1mw electricty...in chhatisgarh they have plenty of such plants....that reduced load shedding...
it costs upto 4o/50 million Indian rupees....
that will be good investment opportunity for businessmen......
Re: In Pakistan
**Thats strange in Pakistan its opposite.
It depends on region and part of the city as well, more regular payment of electricity bills more steady power one gets, NDPL, North Delhi Power Limited has e payment through Internet banking, plus in Delhi power is privatized North delhi is with tata and south with relience, Private organization brings better management and politics involved in selection of employees get minimized, I think electricity is govt controlled and heavily politicized in pakistan:)
neighboring chhattis garh is also load shedding free.....
I never understand ..........why karachi and lahore are not load shedding free
You should be in UP, there is time table of electricity, In first weak it is 2300 hrs to 0500 hrs and in next week it would be 0700 hrs to 1700 hrs:D
UP walas don't like to pay, Biharis except in Patna, many parts either don't have electricity, some areas don't have electricity lines even:D, this is due to heavy politicization of electricity boards, Power might be with private sector in Mumbai:)
Re: In Pakistan
dont you have small thnermal power plants producing 1mw electricty...in chhatisgarh they have plenty of such plants....that reduced load shedding... it costs upto 4o/50 million Indian rupees....
that will be good investment opportunity for businessmen......
I don't think so. There is a capacity of 30-40000 MW of electricity generation from hydel by putting up small plants but no work on that. All the crisis that we have is due to misgovernence and corruption. It's not related to the thread but if we start from the basics and see the feasibility of replacing the street lights to solar powered and use the commodities for production which we are abundant in we can overcome this crisis and have cheaper and reliable electricity.
The economy is progressing but not on paper
I know Pakistan has one of the largest black/undocumented economy in the world. This is one of a kind article on such affair. Whenever i went to Pakistan last being few months ago i saw new roads, new plazas and all the restaurants fill to the end with people throwing money like they print at home.
From the business perspective, my family is in textile business so i know first hand we are growing regardless of gas/electricity shortages, and same is true for dozens of people i know. The question is if Pakistan black economy size also included into real GDP figures Pakistan would be in one of the major world economies. I feel majority of Pakistani’s are getting free ride.
Pakistan problems like food security, resources pool can be fixed quite easily if we can tackle the problems of rising population & radicalization of society.
The economy is progressing but not on paper
The economy is progressing but not on paper – The Express Tribune
ESSEX: Pakistan is in the grips of a malignant paradox. Confusion abounds. In the one hand there have been year on year improvements in physical infrastructure. The bazaars are healthy with sounds of hustle and bustle of shoppers, restaurants are packed with gastronomic customers, and routine daily life is seemingly normal. However, on the other hand statistics are exposing doom and gloom and the national and international media are painting Pakistan as a basket case.
The ostensible signs of progress are blurred by the numbers and the grumblings of its people.
In this backdrop, Pakistan provides an excellent example of moral hazard and the free-rider problem. Everyone, from the president of the country to a common man on the street, is in the habit of complaining. The government complains against the “invisible hand” that is not allowing it to function properly; and the man on the street talks against corruption, inflation and load shedding. Businesses are complaining of the lack of trade and economic activity; and the farmers are not happy because of lack of output and whatever else they can think of complaining. While the “tried and tested” (from the main political politicians in the government and outside) are trying their best to please the populace, there are others from the “third option” who are raising slogans against the status quo.
Against this so-called doom and gloom, Karachi Stock Exchange (KSE) is flirting with the 14,000-point mark and not far away from the all-time highest level attained by KSE-100 index of 15,210.17 on April 1, 2008.
Pakistan’s textile sector continues to grow, with an expected bumper cotton crop of 15 million bales by the end of 2011-12 fiscal year. Textile exports are likely to further grow despite the on-going power shortages and electricity crisis. The health of the construction industry is reflected by the cement production in the country and the stellar performance of cement producers DG Khan Cement and Lucky Cement.
Despite all these good signs, GDP figures for the country are depressing, with an estimated growth rate of slightly over 3.5% for the current fiscal year. Why is this so?
While it is true that the country faces some genuine economic and political problems, the real reason for this paradoxical situation may very well be due to the rise in the black economy, which is unaccounted for and hence not reflected in the national statistics. When money can be seen in the market but not reflected in the national statistics, then one can only think of problems with the structure of the national accounts system. It can be argued that there is either fiddling with it or it is simply not used for some transactions. If this is true, then the people in political power are sharing the benefits of unaccounted growth with the businesses that are effectively paying less taxes by paying kickbacks, bribery and other corruption related money.
This moral problem has apparently trickled down to the masses. In current circumstances, no one is willing to accept that they are better off, giving rise to the free rider problem, whereby everyone from the wealthy to the poor alike are riding a ship but unwilling to pay the fare because in their opinion it is sinking.
If the above analysis is true (one should hope not), then the current leaders in the government are the smartest people on the planet, who have devised a governance system that is enriching everyone, especially the people in the government who are unwilling to acknowledge it, knowingly or unknowingly.
In this doom and gloom, one thing is certain, the country is progressing and prospering in a private way, resulting in weakened government institutions, which would ultimately give birth to a completely privatised economy. If this model succeeds, this will certainly be the first privatisation programme of its kind in the world, which unfortunately would not be emulated elsewhere for its obvious inherent moral hazard problem.
The writer is an economist and PhD from Cambridge University.
Re: The economy is progressing but not on paper
[note]Similar threads merged[/note]
Re: In Pakistan
You have all - but you neither have PEACE nor SECURITY .... Even Pakistani Nationals don't want to invest in Businesses here let alone the FDI ...
Which Pakistani national? the one who drove a taxi for rest of his life in NY or worked his ass off in the burning hell of middle east and now have 50000$ bucks but have no idea how to run a business, that kind a Pakistani right? yup Pakistan is filled with examples of such people who have no sense of business and yet when they destroy their money they left the country but no acknowledgment of their own lack of knowledge.
I know handful of people who started business in Pakistan in last 5 years and growing with unmatched profits. As OP wrote this is the best time for invest in live stock, same is true for any other business. Pakistan is booming.
Re: In Pakistan
Pakistan is booming.
Then why are you in America??
Strange you claim Pakistan is booming, but give no credit to the govt.
Re: In Pakistan
You should also ask the same question from the other side.. here is a link to one of the web sites “Sofizar” belongs to one of my friends who is a Caltech Grad. US citizen but moved back to Pak and started a very successfull business of his own and from scratch. There are many examples like him that I know off who started off in pak and expanded their business over seas.
Re: In Pakistan
living in America on money made in Pakistan, whats the fuss dude. 
As far giving credit to government, they deserve chitters only.