Few economists in my company were telling me a lot of good things about Pakistan’s economy in recent months but i didn’t believe it… they were apparently right. Pakistan’s equity market is up by 20% and has been outperforming China’s and India’s markets by a big margin in recent years consistently. Given all the challenges that our country is facing, this is impressive and should be acknowledged. Lets not politicize everything. Pathetic, incompetent zaradari destroyed Pakistan to no no end but this govt is doing few things right i guess
Re: Pakistan’s Market Beating China’s And India’s markets by a big margin in recent y
Why this is not in business forum
who is this poster and what r his credentials
what is the big margin
for how many years this ipoutperformance
What is the CAPE ratio for the Pakistani market
How does that compare to CAPE for Senseless Index please
Re: Pakistan’s Market Beating China’s And India’s markets by a big margin in recent y
I challenge OP to answer the above questions. Especially question number 2.
Re: Pakistan’s Market Beating China’s And India’s markets by a big margin in recent y
True that stock market is performing better, but i being in Pakistan and in doing business here is not very happy with the performance of Govt for following reasons:
- In reality, both reg tax-payers and unregistered are being treated same, inregistered having an edge on tax payers. The notion of Advance Income Tax, Withholding Tax on cash withdrawals with bank is making life of filers difficult..as they have to carry additional burden compare to their non-filers competitors…
Majority of Pakistani economy circulates at cash and not on pay-orders or other banking instrument…
Here is suggestion given to govt, which is govt may increase cash withdrawal ( with-holding) tax 1% from 0.5 on non-filers but make it 0% for filers, refund from FBR is realistic and is often delayed.
But so far there is no response from Ishaa Dar as he is busy sorting out other things and this thing is killing SMEs, the back bone of economy is suffering…
Some say Ishaq Dar collected Rs 3,200/- on these basis…and some says banking industry is suffering cause 70% businesses don’t deposit cash in bank…some Rs 3-4 trillion is out of banking sector…
- Farmers are suffering the most, farmer is not interested in the alms govt have offered so far, the govt have so far failed to build system where farmer can sell his crops…e.g. this year Wheat was sold at 1,100-1,250 per 40 kg ( highest price) during the season and this price does not cover the cost of cultivation gence huge losses to farmers… no policy or mechanism of rexport is there, Pakistan requires to keep a stock of 4 million metric ton, the additional, like this year the crop was more than 6 million MT…could have been exported to earn FE… but no such move was made…
I do not want to vote PMLn this in coming elections unless they have solid commitments to resolve economic issues to build the economy on solid grounds rather than on the jargons of an acountant…