Re: Pakistan economic snapshot 03-07 IMF data
And as noted, Pakistan has the highest ever current account deficit of $5 billion during financial year 2006, despite having all that US/IMF etc backing.
Re: Pakistan economic snapshot 03-07 IMF data
here is an ADB report on Pakistan. factoring in things like inflation and deficits and all, lets see what economic experts have to say 
I am not going to pull out any choice statements for a sound bite, go ahead and read.
Re: Pakistan economic snapshot 03-07 IMF data
It is clear you are sitting thousands of miles away, relying on ‘reports’, and have no idea what the situation in Pakistan is actually like.
It is no wonder you don’t seem to realise the ground reality in Pakistan.
Perhaps you should spend a few months here(at least) to get a good understanding.
Re: Pakistan economic snapshot 03-07 IMF data
did u not just rely on a report by Dawn? :)
I am just sharing information. I am sorry if that information gos counter to what you believe.
I realize the ground reality very well, My parents live in Pakistan and have lived there since 1985. My dad is not an industrialist and we do not own a mansion in DHS. They live in a modest apartment in Gulshan.
They do not disagree with my views either, and this is coming from a family where my mother is completely anti musharraf and my dad really does not care for Pakistani politicians at all. oh and before you say it, we are not a military family, and niether do we derive any benefits from any govt. My dad is retired and relies on his savings.
so I get very reliable accounts from 2 very unbiased sources, whom I trust, and who dont have any stake in this regime at all.
PS: did you read the ADB report, what did it say?
Re: Pakistan economic snapshot 03-07 IMF data
Clear praise from the World Bank for the economic policies pursued by the Musharraf govt.
Pakistan was the top reformer in the region and the number 10 reformer globally—making it easier to start a business, reducing the cost to register property, increasing penalties for violating corporate governance rules, and replacing a requirement to license every shipment with two-year duration licenses for traders.
World Bank Group - International Development, Poverty and Sustainability](http:///B)
Doing Business in 2006: South Asian Countries Pick up Reform Pace, says World Bank Group; India Ranks 116th, 25 Places After China; Pakistan Among Top 10 Reformers
Re: Pakistan economic snapshot 03-07 IMF data
There is a huge ecnmic gap, and because of this most of the economic growth is merely beign passed onto the upper and middle class, remeber that pakistan a has a far larger lower-class then middle and upper combined. For pakistan to truly progress the econmic growth must be passed onto the ordinary citzens, but its obvisuly not.
Re: Pakistan economic snapshot 03-07 IMF data
Update on an earlier post of mine.
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.
Landmark achievement: CBR revenue collection exceeded Rs 100b in Dec
For the first time in history, the revenue collection by CBR has exceeded Rs 100 billion during the month of December 2006. The overall (provisional) collection for the first half of current fiscal year has reached Rs. 409.2 billion, touching a new growth height of 26.3%.
http://www.dailytimes.com.pk/default.asp?page=2007\01\05\story_5-1-2007_pg5_7
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
The ground reality is that the common man is still suffering under inceased inflation and a whole host of other problems… But then there is also no denying that Pakistan has made considerable progress over the last couple of years… Granted much is due to the American help, but they only provided the breathing space, and the funds. Pakistan has done well to use that breathing space and the funding, at the very least, to stabalize the economy over the long term…
No one is denying that poverty is still endemic, and you dont have to live in Pakistan to know it. Anyone with a relative (such as myself) who cant afford a Bakra on eid, even before the huge jump in the price, could tell you how hard it is to get by in Pak these days. Offcourse a bakra is luxury considering many arent even able to feed themselves, but I quote examples of the relatively well off, who still cant afford such a luxury even once a year.
The development that has come however is unseen (except by the rich or middle class), but it is development and it does mean more money for the govt which can be used in development…
Now how those extra funds are used is a matter of conjecture… I suppose many would assume that it will probably be spent on defense, or fill the pockets of some greedy official, but thats a topic for some other forum.
I think the disageement lies in the what you consider development. For me real development will come when there is a marked reduction in poverty and visable signs are seen in the streets. But then on the other hand, you need this form of growth, the kind the country is currently experiencing to realize the ultimate goal of reduced poverty etc.
Re: Pakistan economic snapshot 03-07 IMF data
Companies registered by the Securities and Exchange Commission of Pakistan (SECP) each year since 1999:-
1999 - 942
2000 - 1048
2001 - 1120
2002 - 1373
2003 - 1736
2004 - 2583
2005 - 4234
2006 - 5539
http://www.dawn.com/2007/01/06/ebr8.htm
Fantastic growth. :k:
Re: Pakistan economic snapshot 03-07 IMF data
what does world bank know sitting so many miles away and err common man, democracy…tinpot..ummm waghaira waghaira 
Re: Pakistan economic snapshot 03-07 IMF data
Per capita GDP is not annual income
Re: Pakistan economic snapshot 03-07 IMF data
All the problems cant be fixed overnite, THINGS DEFINITELY HAVE IMPROVED IN ECONOMIC SENSE AT THE MACRO LEVEL. We need another ten years of sustained economic growth to feel the visible effects at the micro level.
Re: Pakistan economic snapshot 03-07 IMF data
is number of companies registered really an indicator of growth? in the US you can register a compnay for $250
Re: Pakistan economic snapshot 03-07 IMF data
actually it is among the indicators of growth. especially in terms of business activity ..
Re: Pakistan economic snapshot 03-07 IMF data
On a side note, the research coming out of Pak universities also saw a big jump this past year…
http://www.dawn.com/2007/01/06/nat13.htm
Research output in varsities goes up
ISLAMABAD, Jan 5: The stress laid by the Higher Education Commission (HEC) on research in universities has started to pay rich dividends as research publications by the higher education institutions in ISI-indexed journals in 2006 have shown a manifold increase.
Compared to research publications by universities in 2002 which amounted to 788 for the whole year, the figure has increased to 1,636 articles and research and development organisations by December 30, 2006, showing a rapid increase in research culture.
Quaid-i-Azam University leads the group with 312 publications, followed by the University of Karachi with 226 out of which 149 publications are by HEJ Institute of Chemistry. The remaining 77 are from the Department of Botany.
Aga Khan University Karachi is in third place with 189 publications, the University of Agriculture, Faisalabad has produced 137 articles while the University of Punjab is in fifth place with 94 publications.
Engineering universities of the country are not doing so well in the genre of research as NED University of Engineering and Technology, Karachi, has no publications in 2006 while National University of Science and Technology (Nust) has 21 publications to its credit.—APP
Re: Pakistan economic snapshot 03-07 IMF data
I actualy just read a reserach report done in pakistan on health benefits of saffron..it was referenced in some US publication, maybe men's health or women's health or somfin..
Re: Pakistan economic snapshot 03-07 IMF data
Now according to all these reports, things have been going good for the last 4-5 years or so.
I have a question:
When would the time come - when would general public be able to notice these changes in their practical life.
Usually, if the economy is booming. Public start getting the benefits or atleast is able to see some sort of light.
Have people of Pakistan started getting those benefits. Or atleast are they able to see the bright future?.
Because I assume that if they aren't then these reports are not showing the actual facts.
Re: Pakistan economic snapshot 03-07 IMF data
can all reports be false.
Re: Pakistan economic snapshot 03-07 IMF data
well, am not saying that. I undertsand the reliability of these sources.
I just wanna know that why the general public is not able to get any benefit. Tons of BMWs etc etc. can be seen in Lahore now but that shows the upper class life style. and its not that these BMW people used to be middle-class. They had the affordability years ago too but were not allowed to by luxury cars.
How about middle class, lower class.
Re: Pakistan economic snapshot 03-07 IMF data
in your experience general public is not able to get any benefit, as I look around in my khandan, the families that were struggling the most, to a point they were in constant need of support from others , they have pulled themselves out of that situation. These are families in Malir, Korangi and FB Area so we are talking very middle to lower middle class types