Re: Pak GDP growth 7.02 pc this year.
Most of the growth is consumer demand driven, evidenced by exports etc under performing. SCB note a growing MC who are driving growth.
Re: Pak GDP growth 7.02 pc this year.
Most of the growth is consumer demand driven, evidenced by exports etc under performing. SCB note a growing MC who are driving growth.
Again, an outgrowth of the post 9-11 effects
Re: Pak GDP growth 7.02 pc this year.
Alhamdulilallah.
Pakistan Zindabad 
Re: Pak GDP growth 7.02 pc this year.
Again, an outgrowth of the post 9-11 effects
So none of the growth is independent of 9/11 aftershock?
:/
Re: Pak GDP growth 7.02 pc this year.
^ go by his logic and even the rains are due to 911... For some facts are hard to digest.
Re: Pak GDP growth 7.02 pc this year.
I know P9/11 has had +'ve results for Pak, but much of the growth has been internally generated. US aid hasnt been so much as to double GDP or sustain a 7% rate of expanison for 4-5 years now.
Re: Pak GDP growth 7.02 pc this year.
A revised figure for year 2004-2005 has also been released, showing a GDP Growth rate of 9%. What an achievment! :k:
http://www.brecorder.com/index.php?id=575691&currPageNo=1&query=&search=&term=&supDate=
Re: Pak GDP growth 7.02 pc this year.
I thought high consumer spending was not good for the country.
If consumer demand goes up - then prices go up? (Inflation).
To stop this, Reserve Bank increases interest rate (to stop consumer spending!!)
I do’nt fully understand, if exports are USD 18 b and imports are USD 25 b, then how come the USD reserves are still going up. Should they be not going down to pay for the imports.
Can someone explain??
Re: Pak GDP growth 7.02 pc this year.
Consumer demand is worth about 2/3 of aggregate demand if my highschool economics is still accurate. A rise is AD is key to boosting economic growth. Growth and inflation is a trade off, you cant allow inflation to go unchecked, but some is inevitable with growth.
Re: Pak GDP growth 7.02 pc this year.
http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_mukherjee&sid=aiSFuvMKI2Gw
Re: Pak GDP growth 7.02 pc this year.
^ How dare you post such biased sources as Bloomberg 
Re: Pak GDP growth 7.02 pc this year.
?
Re: Pak GDP growth 7.02 pc this year.
I know P9/11 has had +'ve results for Pak, but much of the growth has been internally generated. US aid hasnt been so much as to double GDP or sustain a 7% rate of expanison for 4-5 years now.
$24 billion worth of remittances and transfer of capital due to financial scrutiny since '99 certainly has contributed...
Re: Pak GDP growth 7.02 pc this year.
:k:
Re: Pak GDP growth 7.02 pc this year.
Economically Pakistan is a changed country.
Mashallah.
ISLAMABAD, Jun 12 (APP): Minister of State for Finance, Omar Ayub Khan has said that economically Pakistan is a changed country now if compared with the conditions that prevailed 7-8 years ago.
Talking to a private television channel the Minister said that size of Gross Domestic Product (GDP) has doubled.
He said keeping in view the constant growth in economy, out of the box thinking is required by all stakeholders.
The Minister said that opposition is expected to appreciate the positive steps alongside criticising the government.
It is unfortunate that opposition kept shouting in the National Assembly without paying any heed to the contents of the budget, he said.
He said the opposition parties have been claiming for the past few years that they will present a parallel budget proposal in the house in response to official budget adding but this claim still remain unfulfilled.
He said government has the courage to listen to opposition’s criticism but that should be purposeful and creative.
Criticism for the sake of criticism should not be the characteristic of the opposition as it serves no purpose, the Minister said.
Omar said the buying capacity of the people has enhanced manifold which shows boost in economic activity.
He said the unexpected surge in the demand side has rendered the capacity expansion move of the industrial sector paralysed.
There had been unprecedented capacity expansion activity in the manufacturing sector over the past few years but the efforts are not meeting the constantly growing demand in the market.
The Minister said to ensure continuity of growth it is imperative to construct new mega dams including Kalabagh at the earliest.
To a question the Minister said that consultation is going on with WAPDA on financial improvement plan so that the organization could restructure itself in line with the current demands.
To another question he said that policies of the government would continue during the caretaker government vis-a-vis general election adding the present financial team including bureaucrates and technocrats would continue to work as usual.
The Minister said that there is lot of strength in the economy and its wheel would continue to rotate in the positive direction.
Re: Pak GDP growth 7.02 pc this year.
$24 billion worth of remittances and transfer of capital due to financial scrutiny since '99 certainly has contributed...
Remittances and capital return from Pakistanis is NOT US aid money though is it.
Re: Pak GDP growth 7.02 pc this year.
Posting articles from APP is like quoting PTV khabarnama, my friend. Its a govt. owned agency. What do u expect?
Re: Pak GDP growth 7.02 pc this year.
^ How about a Mashallah for the fantastic achievement of this govt. in turning what was a basket case economy under previous leaderships to one of the best performing economies.
Who would have thought that in the short period of time Pakistani people would have been presented with an over $30 billion budget, compared to a measly $12 billion when Musharaf took over and saved Pakistan.
Mashallah, Alhamdulilallah.
Re: Pak GDP growth 7.02 pc this year.
[QUOTE]
Who would have thought that in the short period of time Pakistani people would have been presented with an over $30 billion budget
[/QUOTE]
I doubt even Mush would've fathomed the thought b4 9/11.
Re: Pak GDP growth 7.02 pc this year.
Foreign agencies have said the same. :k: