Pakistan economic snapshot 03-07 IMF data

[Antumul_alona]

Re: Pakistan economic snapshot 03-07 IMF data

What about inflation?

Yes per Capita GDP is $920 but how much can a person buy with $920 in Pakistan right now?
Do you know that $920 is approx. 56,000 Rs. ? And what you can buy with Rs.
56,000? The avg. rent in Karachi is Rs. 10,000 and above for a middle income family. The Avg. School tuition is Rs. 4000 - 8000 per month for one child.
Yes everyone has a cell phone but how much does milk cost for one month?
If you buy 1 kg of milk (doodh wala milk) it is around Rs. 1000 and above per month. That will mean if you have more than 3 members in your household everyone will not get milk daily.
How much is bus fare for a trip from Nazimabad to Karachi University for a student? it costs around Rs. 20 per day which is Rs. 400 per month.
How much is the price of petrol? it is more than US$ 4 per gallon in Pakistan. about Rs. 65 per litre of petrol.

So lets keep things in perspective.

The people of Pakistan are still getting poorer and the rich are getting richer.

Has anyone even been to Pakistan (real) not the AC bungalows of Defence...

??

[Mr_Fraudia]

Re: Pakistan economic snapshot 03-07 IMF data

would FB area block 11, shah faisal colony #3, landhi #5, Korangi K area and J area, PIB colony and Jet Lines be considered Pakistan (real)?

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

Maybe.

I havent been in 12 years. :o

[Silly_Billy]

Re: Pakistan economic snapshot 03-07 IMF data

@Antumul alona

Yes per Capita GDP is $920 but how much can a person buy with $920 in Pakistan right now?
Do you know that $920 is approx. 56,000 Rs. ?

On the basis of Purchasing Power Parity the IMF states Pakistan’s per capita has gone up from $1937 dollars in 1999 to $2976 dollars at present - a increase of over 50% in this period. Per capita means per person - not per household. So if you multiply that by 6 (average size of a Pakistani family) that comes to $17856 per average Pakistani family = 1,085,644 Rs.

http://www.imf.org/external/pubs/ft/weo/2006/01/data/dbcoutm.cfm?SD=1999&ED=2007&R1=1&R2=1&CS=3&SS=2&OS=C&DD=0&OUT=1&C=564&S=PPPPC&RequestTimeout=120&CMP=0&x=29&y=3

[Silly_Billy]

Re: Pakistan economic snapshot 03-07 IMF data

@Abdali

**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.

Spectacular news. :k:

[Mr_Fraudia]

Re: Pakistan economic snapshot 03-07 IMF data

@Silly Billy

On the basis of Purchasing Power Parity the IMF states Pakistan’s per capita has gone up from $1937 dollars in 1999 to $2976 dollars at present - a increase of over 50% in this period. Per capita means per person - not per household. So if you multiply that by 6 (average size of a Pakistani family) that comes to $17856 per average Pakistani family = 1,085,644 Rs.

http://www.imf.org/external/pubs/ft/weo/2006/01/data/dbcoutm.cfm?SD=1999&ED=2007&R1=1&R2=1&CS=3&SS=2&OS=C&DD=0&OUT=1&C=564&S=PPPPC&RequestTimeout=120&CMP=0&x=29&y=3

now people will question IMF’s objectivity and that since IMF chief does not have to buy aata and daal in pakistan that they may not know anything

[roadrunner]

Re: Pakistan economic snapshot 03-07 IMF data

@TheRealDeal

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.

You really are one of the most pathetic Mullah wannabees I've ever cyber met. The moment one of your jungle educated clansmen enter any sphere of politics you manage to regress a whole economy into the medieval age.

The progress Pakistan has made has nothing to do with the US. They are due to the policies implemented by the Musharraf government, nothing else.

[roadrunner]

Re: Pakistan economic snapshot 03-07 IMF data

@TheRealDeal

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

Inflations is down to 6 or 7% and under control now. Loan repayments are at their best return yet with Moodys upping the loan repayment grade for Pakistan. Zia should have been a Godsend for you.

[roadrunner]

Re: Pakistan economic snapshot 03-07 IMF data

@PaKpatriot1

This coming year has huge challenges for the Pak Economy... I hope everything goes well... Inshallah.

You have to be one of the worst patriots I ever met.

[system]

Re: Pakistan economic snapshot 03-07 IMF data

@roadrunner

You have to be one of the worst patriots I ever met.

You have to be one of the most immature and naive person I have ever met…

[Silly_Billy]

Re: Pakistan economic snapshot 03-07 IMF data

@roadrunner

You have to be one of the worst patriots I ever met.

roadrunner bhai, unlike a couple of others who unfortunately are always in a negative response mode in relation to any positive news about Pakistan, PaKpatriot1 sahib is a very balanced and fair poster. You just have to read all his postings to appreciate how incorrect your reply was. :)

[system]

Re: Pakistan economic snapshot 03-07 IMF data

@Silly Billy

roadrunner bhai, unlike a couple of others who unfortunately are always in a negative response mode in relation to any positive news about Pakistan, PaKpatriot1 sahib is a very balanced and fair poster. You just have to read all his postings to appreciate how incorrect your reply was.

Thank you!

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

As per Morgan Stanley Economic Survey 2006, Pakistan is on the "emerging markets list", indicating "consistantly moderate to strong growth over a sustained period of time".

[Mr_Fraudia]

Re: Pakistan economic snapshot 03-07 IMF data

Morgan Stanley is paid off by Musharraf and Shaukat. ;)

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

We should be happy that Pak is making progress. Slowly, sure, but progress indeed.

[Captain1]

Re: Pakistan economic snapshot 03-07 IMF data

@Silly Billy

On the basis of Purchasing Power Parity the IMF states Pakistan’s per capita has gone up from $1937 dollars in 1999 to $2976 dollars at present - a increase of over 50% in this period. Per capita means per person - not per household. So if you multiply that by 6 (average size of a Pakistani family) that comes to $17856 per average Pakistani family = 1,085,644 Rs.

http://www.imf.org/external/pubs/ft/weo/2006/01/data/dbcoutm.cfm?SD=1999&ED=2007&R1=1&R2=1&CS=3&SS=2&OS=C&DD=0&OUT=1&C=564&S=PPPPC&RequestTimeout=120&CMP=0&x=29&y=3

Is this purchasing power per month or year? Whatever the response is, you CANNOT multiply it by 6 just because there are 6 people in household, majority of families have only one bread-winner.

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

Guys, I just want to know if on the ground the growth is being felt by an emerging middle class rather then the ave man?

[Mr_Fraudia]

Re: Pakistan economic snapshot 03-07 IMF data

@Captain1

Is this purchasing power per month or year? Whatever the response is, you CANNOT multiply it by 6 just because there are 6 people in household, majority of families have only one bread-winner.

yaaar captaaaaan…per capita ka matla kya hoa hai? and how is it different from family unit? please give answer in less than 200 words, safai kay 5 number

[TheRealDeal]

Re: Pakistan economic snapshot 03-07 IMF data

@roadrunner

Inflations is down to 6 or 7% and under control now. Loan repayments are at their best return yet with Moodys upping the loan repayment grade for Pakistan. Zia should have been a Godsend for you.

Would you like to answer the amount of debt repayments Pak will have to make in 10,20 yrs time( when Mush is long gone) due to the debt rescheduling by Mush/Aziz after 9/11?

As for inflation being under control,maybe in your Amreeka, but in Pakistan, the average man is priced out of so many everyday items.

[roadrunner]

Re: Pakistan economic snapshot 03-07 IMF data

Pakistan can get cheaper loans due to its upgrading in credit. Inflation has come down and this cannot be fiddled. it's dropped 2 percentage points in the last two years and this year has seen the biggest drop yet.