is because of post 911 influx of money from amreeka/expats ya is it genuine growth based on industry/agriculture/exports etc?
i used to think the latter, but a friend who was recently in pakistan is adamant that no ‘real’ growth has happened.
what gives? educate me please. what has pakistan been upto?
It's most likely a combination of the two together.
It's not all aid money, and it's not all "organic" growth.
The problem is that it is very difficult to break down the economic statistics to cleanly identify what led to how much growth. All you can do is try and interpret the statistics - and like all interpratations, it gets somewhat subject to your own view of things.
Growth has occured. What your friend is stating is their is no trickle down effect. As in the growth stays at the top. A good economy grows and then the affects are this growth are seen in all segments in society. Because of the ****ed up situation of our economy only the top 10% of the society are affected by the growth and that is enormous for such a small segment of society.
Medic is right to an extent but a majority is bull**** :p
We have increased exports due to market access. But that means little when your internal purchasing power has decreased. There is no consumer confidence in Pakistan. All the money is invested abroad. Look i cant explain our entire economy in one post. I couldnt do it in 100 posts. It is too complicated and vast a subject. Its something people write PHD's on.
Suffice to say. There has been growth. There has been real growth. But it is only seen by the top 10%. The rest are being ****ed. You can thank the government and its political leaders for that.
The holders of our monopolies, oligopolies and any thing or person that benefits directly from an increase in their product being exported. Our economy is so communist in design it is bloody amazing.