Re: Risks to economy growing.. State Bank.
Well, do not believe me on growth rate figures … go to www.statpak.gov.pk and check yourself … over 7 percent is good growth.
Anyhow, only QUALIFIED figure is the one that comes after year end … and no analysts can give a figure better than ministry of finance, as they plan their future finance relying on their own future growth analysis.
True, some figures given by ministry of finance could be propaganda but that propaganda only works on those that do not follow true figures that comes after the year and their past performance can be used to trust their future figures or consider that propaganda (though their figures does not mean that it has to happen).
As for outside analysts, they may write their estimated analysis but again they do not have enough information to say something with certainty. On the other hand, many outside government economical analysts use their analysis for propaganda, nothing else,
I do not believe that people would sacrifice their bread for mobile. Another thing is that, mobile or phone is not necessity until one makes it necessity. Before 1999, 90 percent of Pakistanis use to live without phone and use to survive.
Answer to what Zak said (according to you) … that ‘are people suppose to eat their cell phones?’ … is that … ‘YES’, people are suppose to eat their cell phones … IF they do not have much to eat. That means, people that have nothing to eat should not have mobile but should get bread and that is what all do. Only people get mobile when they have more than what they need to eat.
I have seen such reports since many years … and most of the time they are nothing but BS. These people most of the time write absurd and their purpose is only propaganda. They write for people who do not follow true figures and those that follow true figures know when an analysts are B-shiiiting and when they are making sense.
In the end, true collected figures are only truth and I prefer to see what happened in truth and judge from what is there in those figures. I do read and see what propaganda machines known as analysts are predicting about future, but do not take their words blindly.
For instance, no one can deny that Pakistan federal tax collection has increased 300 percent … and all know that tax increase when economy grows … right? So, it shows that economy has grown 
If analysts sys that economy has not grown than should I beleive that analysts?
[Well, apart of federal tac collection … one can check Pakistan economy on www.statpak.gov.pk too … plus growth rate]
No one can deny that Pakistan stock exchange capitalization increased from less than 5 billion dollars in 1999 to over 60 billion dollars in 2007. Similarly, no one can deny that shares that use to pay 50 paisa dividend in 1999 (or even no dividend) are paying Rs 6 dividend today. So it shows that country industry is booming, investment is booming and economy is vibrant. If analysts says different than I consider him liar (because I know that as fact).
All can find out that minimum pay in Pakistan government service was around Rs 1200 in 1999 and today it is Rs 4600 … than anyone that says that wages has not increased over 300 percent, than I could not trust that person.
Well … I check ground reality over last many years and than make opinion … not because some paid analysts wrote something for purpose of propaganda (working for vested interests).