Just thought it’d be interesting
Re: Pakistan economic snapshot 03-07 IMF data
Excellent link - thanks.
Pakistan GDP in 1999 - $71.949 billion.
Pakistan GDP today - $147.039 billion.
Pakistan GDP per capita in 1999 - $526 dollars.
Pakistan GDP per capita today - $920 dollars.
As the above links from the IMF confirm Pakistan GDP has more than doubled since Musharraf came to power in 1999, and the average per capita has risen 75%. What an achievment. :k:
Re: Pakistan economic snapshot 03-07 IMF data
^ Over Rs 700B is collected in Taxes that is double the amount of what was collected under our great democrats. FDI FY06 is almost $4B and climbing. Exports are almost $20B. Tele-density is almost 30 percent and growing exponentially.... I can only hope it stays that way because thieves are not far drooling at $12B reserves....
Re: Pakistan economic snapshot 03-07 IMF data
Looks encouraging! :k: However, considering the rising inflation (esp. for food items) and trade deficit, I hope policy makers are not resting on their laurels.
Re: Pakistan economic snapshot 03-07 IMF data
It’s already reached $2 billion in just 4 months, and now the total for FY06 could reach $5 billion.
Pakistan gets $2bn foreign investment in four months
Re: Pakistan economic snapshot 03-07 IMF data
Alhamdulillah Pakistan is progressing. It is a long hard road, but we are on the right track. IMF is a credible source, and this highlights the progress made under Musharraf and his economic czar Shaukat Aziz.
Pakistan Zindabad.
Re: Pakistan economic snapshot 03-07 IMF data
Pakistan Zindabad.
As long as Pakistan is supported by the US,IMF, etc, due to War on 'Terror' we will be ok.
The moment the US dumps us(as it always does) we will be in trouble again.
Re: Pakistan economic snapshot 03-07 IMF data
US "aid" has amounted to $4bn over the last 5 years, so 800 mil a year. That does not account for the increased export, increased consumer purchasing power. The economy is humming, the political conditions just keep the clogs that bit more oiled.
Dont be such a pessimist.
Re: Pakistan economic snapshot 03-07 IMF data
Dont be such a pessimist.
perhaps, what about delayed loan repayments, increased remittances,huge inflation, huge crime rate(esp in commercial capital Karachi) etc
I lived through this in Zia's time...it's deja vu
Re: Pakistan economic snapshot 03-07 IMF data
With beyonce.
Re: Pakistan economic snapshot 03-07 IMF data
The FY06 target is fixed at Rs 835 billion ($14 billion) , and it has already suprpassed the targets in the first six months of the year.
http://www.dailytimes.com.pk/default.asp?page=2006\12\31\story_31-12-2006_pg5_1
In 1999 we were only collecting the equivelant of $4-5 billion in tax revenues, and we have almost trebled that now, so again we have made gigantic strides in this area as well. :k:
Re: Pakistan economic snapshot 03-07 IMF data
Yea, now the thing is, will this tax money be actually put to use for the people of pakistan, or for the pockets of corupt polticians and armymen
Re: Pakistan economic snapshot 03-07 IMF data
They were a mere $7.5 billion in 1999 when General Musharraf took over power, and have risen almost 118% since then until FY05, and heading towards $20 billion in the coming year.
Re: Pakistan economic snapshot 03-07 IMF data
We should all do what we can in our own little way by buying Pakistani goods when possible.
Re: Pakistan economic snapshot 03-07 IMF data
This coming year has huge challenges for the Pak Economy... I hope everything goes well... Inshallah.
Re: Pakistan economic snapshot 03-07 IMF data
In fact the reserves are closer to $13 billion this year, up from only $1.96 billion when Musharraf took over in 1999. That’s a whopping 568% increase!
Re: Pakistan economic snapshot 03-07 IMF data
Another mile stone…
http://thenews.jang.com.pk/daily_detail.asp?id=36616
Cell phone users cross 46m
By Imran Ayub
KARACHI: Cell phone subscribers crossed 46 million figure and officials as well as operators see it touching 50 million mark within next couple of months for the first time ever on continued popularity of the service across the country.
Latest figures compiled by Pakistan Telecommunication Authority suggest cellular phone connections stood at 46.45 million by November 2006, which had crossed 41 million by the end of the first quarter of 2006-07.
“By November 30, 2006 total number of cellular subscribers stood at 46.45 million,” said a PTA official. “It reflects almost a 12 per cent growth in total cellular subscriber base from October 1 to November 30, 2006.”
He said during first five months of the more than 12 million new connections were sold out on the back of comparatively cheaper tariff offers due to rising competition among the cellular service providers.
“So there was over 27 per cent mobile density rate by November 2006,” said the PTA official. “Almost all the four major companies Mobilink, Ufone, Al Warid and Telenor grabbed better market share during the first five months of 2006-07, which also brought different tariff packages for the subscribers.”
The figures gathered by the telecom watchdog, shows by November 2006 Mobilink led the market share with 22.03 million subscribers followed by Ufone, which was serving to 9.6 million people across the country.
With the arrival of UAE-based Al Warid Telecom and Norwegian Telenor both competition and subscriber base grew at much faster pace, as the last year’s entrants attracted 7.3 million and 5.8 million subscribers respectively by the end of November 2006.
The PTA data says by November 2006 Paktel, which offers both AMPS (advanced mobile phone system) and GSM (global system for mobile communications) services enjoyed 1.4 million subscribers and the only AMPS service Instaphone had a share of 0.25 million by November 2006.
The cellular density witnessed phenomenal jump in the last two years as mobile phone grew by staggering 170 per cent during 2005-06, which outnumbered almost six-decade old fixed telephony service by more than 500 per cent in 15-year operations.
Analysts see growth in cellular subscribers in line with expectations, but say the current fiscal the mobile phone service providers may not witness such phenomenal jump in customers’ numbers, which have already reached to a higher level.
“The growth is likely to remain slow in percentage term during 2006-07,” said Anwaar Ahmed Khan, a telecom analyst at Capital One Equities. “The companies may enter into those areas where they have yet to initiate service, which would need network expansion and investment.”
He said a cutthroat competition was expected among the operators during 2006-07, after the mobile number portability (MNP) was implemented by all the six cellular operators across the country.
“The MNP would decide the real market leader,” said Khan. “After the MNP implementation the companies must have to improve their service quality to keep their subscribers intact.”
MNP is a system, which enables a mobile phone subscriber to carry the same number while changing the cellular mobile operator. The project, which requires Rs600 million, was earlier decided to implement in January 2006 but later the deadline was extended to November 2006. The service, however, is not in place yet and no new deadline has been announced.
Re: Pakistan economic snapshot 03-07 IMF data
50m is approx. 1/3 of the population. :O
Re: Pakistan economic snapshot 03-07 IMF data
Mobile phone subscribers may touch 65 million mark
MUHAMMAD SALEEM
LAHORE (November 27 2006): With the offering of special packages by different cellular companies and introduction of new models of mobile phones at reasonable rates, the number of mobile phone subscribers is likely to touch 65 million mark by 2007.
Sources in the Pakistan Telecommunication Authority (PTA) told Business Recorder, here on Saturday that the mobile phone sector had performed well in the year 2006 with an average net addition of over 1.7 million subscribers per month.
According to sources, the overall tele-density in the country had reached 34 percent, registering an ever-high growth of 120 percent mainly due to attractive policies of the government and active role of private sector. Different cell companies are offering attractive packages as the race is on to net maximum number of clients.
"Telecom services are available to nearly 78 percent of the population in the country. The telecom sector has attracted huge investment and generated more than 183,063 employment opportunities in one year", the sources claimed.
They further said the total value of handsets imported in Pakistan during 2005-06 crossed $1 billion. On the other hands, estimates provided by local re-sellers show the number of handsets imported currently stands at around 750,000 to 800,000 per month.
They said that Pakistan mobile handset market was witnessing tremendous growth in local subscriber base, as import of handsets through proper channel was increasing. Advanced technology and sophisticated sets were now commonly available in the local market and handsets with camera and music are becoming very popular and this trend looks to grow in time to come as these features would become standard, they added.
According to an estimate there are around 25,000 mobile phone shops across the country. This large number of handset shops has also generated huge employment opportunities in the county and indirectly they are employing thousands of people.
Re: Pakistan economic snapshot 03-07 IMF data
Its progress, no?