Aalsi
June 8, 2008, 5:35pm
13
Pakistan Real per capita income growth:
1988-1999: … 1.08 percent real average per capita income growth per year (Total increase was 12.6 percent over 11 years)
3 years before Musharraf came to power:
1996-1999: … - 0.5 (minus 0.5) percent real per capita income growth during those 3 years (negative growth of 0.5 percent)
This is nothing to do with nuclear test as actually there was negative per capita income growth for year 1996-97 as well as for year 1997-98 (Both pre-nuclear test years).
All ‘nuclear test fallouts’ plus ‘Kargil fallouts’ was during Musharraf period as it takes time for economy to get effected of such fall outs.
Musharraf period:
2000-2007: … 2.95 percent real average per capita income growth per year
Well, if we start from 2002:
2002-2007: … 3.55 percent real average per capita income growth per year
For year:
2005-2006: … 4.45 percent real average per capita income growth for this year.
2006-2007: … 5.05 percent real average per capita income growth for this year.
(If Pakistan per capita real income grows at this rate (around 5 percent) continuously than it would take less than 50 years for Pakistan to be part of developed world).
Ref (for ‘Real’ per capita income data):
http://www.statpak.gov.pk/depts/fbs/statistics/national_accounts/table3.pdf
Alhamdulilallah. God Bless the Unprecedented Economic Growth under the Great leadership of Great President Musharaf.
No doubt, as soon as Great Zardari sorts out the EX CJ and the Presidential issue, the promised ‘Roti, Kapda, Aur Makan’ will be the next target, and the above figures will pale in comparison.