Re: Pakistan cell phone subscribers tops 70 million
dude, i am sure that in your muddersaah, it was perfectly acceptable to make claims without any proof. purhaay likhay loag however want evidence before accepting some claim as fact. for example muddersaah graduates might have accepted mullah claim of 4,000 jews staying away from wtc on 9/11 but i am afraid that non muddersaah crowd wants some unimpeachable proof before accepting claim of jewish complicity. similarly when you claim that economy in pak in the 90’s was doing as well as it is doing today, then you have to provide some evidence to back up this claim. just saying that you saw lots of satellite dishes on karachi rooftops unfortunately cannot be accepted as evidence because this claim is being made by you who is nothing more than an anonymous voice on the internet and **… **
to show that purchasing power of pakistani consumer in the 90’s was the same as it is today, you simply have to prove using data from respectable third party source that satellite penetration rate in the 90’s was the same as
the mobile penetration rate today. if you cant find this data, you can provide some other evidence such as the names of companies that invested billions of dollars in satellite industry in pak in the 90s just as mobile companies like telenor and warid have invested in wireless industry. given the confidence with you have made your claim, i am sure you have some data to offer as support.
on nigeria, i did not say anything out of politeness to avoid making you look more foolish than you already appear to be be. but since you insist, below is an article from the economist on nigeria’s economy. …
http://economist.com/agenda/displaystory.cfm?story_id=10094126
Not just oil
Nigeria is the somewhat surprising source of evidence that there is more to Africa’s economic resurgence than just commodity prices. During the country’s two-year reform programme under a Policy Support Instrument (PSI) agreement with the IMF, non-oil growth averaged 8.5% annually—well above the targeted 5.1%—while inflation in 2007 is projected at 6%, as against a programme target of 6.2%.
…Equally, while the non-oil sector is growing rapidly, the overall economy remains hugely dependent on oil and gas earnings. By 2010 non-energy exports will be worth US$1.1bn—a mere 1.5% of total earnings, suggesting that optimistic estimates of export diversification by the IMF and others are misplaced.
Abuja and the Fund are projecting a fall in oil GDP in 2007, partly offset by strong non-oil growth, but strong rebounds in both oil and non-oil growth in 2009-10. However, IMF assessments tend to exaggerate the upside and understate the downside. Furthermore, without details of just where the non-oil growth is coming from—agriculture, manufacturing or services—it is simply not possible to assess the durability and sustainability of non-oil expansion. Only when oil prices fall will the sustainability or otherwise of Nigeria’s upswing become clear.
