Pakistan economic snapshot 03-07 IMF data

[system]

Re: Pakistan economic snapshot 03-07 IMF data

@Silly Billy

Injaz Mena $250m Pakistan deal

Abu Dhabi-based Injaz Mena Investment Company and UK-based Global Haly Investment have agreed to develop a $250m shopping mall and office complex in Karachi, Emirates Today reported. Injaz expects a return of more than 35% on the investment. It will handle the development through offshore subsidiary Injaz Pakistan Development Company.

http://www.ameinfo.com/109986.html

Cool, havent heard about this! Another Highrise coming to Karachi…

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

@Silly Billy

Merrill Lynch estimates that Pakistan’s economy is likely to grow by 7-7.5 per cent in 2006-07 - backed by robust domestic consumption.

http://www.dawn.com/2007/02/11/ebr12.htm

Excellent. A 7% growth rate for prolonged time will work wonders.

[Silly_Billy]

Re: Pakistan economic snapshot 03-07 IMF data

@legbreakgoogly

Excellent. A 7% growth rate for prolonged time will work wonders.

The IMF, World Bank etc are confident Pakistan will continue to grow are such high levels for years to come, as have practically throught most of this decade.

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

Insha-allah.

[Silly_Billy]

Re: Pakistan economic snapshot 03-07 IMF data

Total foreign investment up by record 98.3%
http://www.dailytimes.com.pk/default.asp?page=2007\03\23\story_23-3-2007_pg5_1

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

Again, the growing middle class is really spurring good growth now. Soon IMF will add 2008 to its database, allowing us to upgrade the figures in the initial post.

[Silly_Billy]

Re: Pakistan economic snapshot 03-07 IMF data

^
Pak economy will continue to grow by over 7% in the coming year, so the figures will be even more promising.

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

IMF predicted growth rate for 07 and 08 is 6.5%.

[Flame_of_Life]

Re: Pakistan economic snapshot 03-07 IMF data

waa waa wee waa

[legbreakgoogly]

Re: Pakistan economic snapshot 03-07 IMF data

Economic developments seem to have diaassociated themselves from the political turmoil. How is that possible?

[CM]

Re: Pakistan economic snapshot 03-07 IMF data

Abay you dumbasses would kill Smith if he was still alive. Look at Pakistan's exports for the past 4 years. Our top 10 exports come from one bloody industry. That is textiles. Our highest exporting products are not products they are commodities. Just be happy we don't deal with dead commodities like coffee. The prices of commodities have been falling every year and will continue to do so.

If we are selling textiles or commodities, we are selling raw materials. We do not export any value added product. Value added products are the way India and China ensured their economy grew from 1985 to 2000. They set the foundations for industrial sectors and forced themselves away from an agriculture based economy. As long as Pakistan maintains an agriculture based export formula we are royally ****ed.

One thing about economics, the end figures or data does not mean that the system is healthy or even economic sound. After all look at what happened with Enron.