Pakistan GDP - News & Updates and Discussions

[Ibbi32]

3.8% growth is very impressive given circumstances. Last time oil shock of this magnitude and pakistan went to painful recession. Thats 3.8% growth when target was 4-4.2% at start of year with cautious oprimism following fy25. SBP revised figure for expected growth to 3.5% following iran war as of yet we are overachieving on gdp growth. Stock market is also holding up remarkably well and has returned to almost pre war levels. Theres much to criticise but when we are doing better than expected/better than others we should accept it and give credit to gop

 

[Ibbi32]

. This is a golden opportunity to focus on these areas.

This is actually the wordt time to do those things. Those reserves are needed for continuously skyrocketing price of oil and who the hell are you gonna export to when most of your biggest neignouring importers are at war and one of them in particular that contributes 4bn remittance a month and is one of your biggest export customers is actively working against you and your allies.

 

[Blueishere]

We are currently in the "stabilization" phase according to the government, everything will be decided next year when we exit the IMF Program when government will have full control, according to them those will the "growth" years, but we shall see.

 

[RocketLaw]

This is actually the wordt time to do those things. Those reserves are needed for continuously skyrocketing price of oil and who the hell are you gonna export to when most of your biggest neignouring importers are at war and one of them in particular that contributes 4bn remittance a month and is one of your biggest export customers is actively working against you and your allies.

Yeah let's forget about UAE (bad reputation) now and already replaced by Saudi Arabia.

Let's see what our government can do something related to Middle East situations. Maybe we will open to Central Asia markets or other sources.

 

[Pakistan Space Agency]

fake growth by taxing poor's and showing at as growth

What's the actual growth figure?

 

[Toxic]

What's the actual growth figure?

Whatever relevant global financial institution release, this lot has been exposed for fudging numbers many times.

 

[Pakistan Space Agency]

Whatever relevant global financial institution release, this lot has been exposed for fudging numbers many times.

Give me a number please from one of these "global financial institutions".

 

[hydrabadi_arab]

 

[Toxic]

View attachment 197084

What a meme worthy image.

 

[Distant_Observer]

We are currently in the "stabilization" phase according to the government, everything will be decided next year when we exit the IMF Program when government will have full control, according to them those will the "growth" years, but we shall see.

I have a good feeling about this.

The economy should start flying in a couple of years.

 

[hydrabadi_arab]

 

[Afif]

Out dated data, Pakistan per capita is closer to $2000 and India $2600 in FY2025-26. Indian rupee have tanked quite badly. Bangladesh GDP never made sense, its electricity consumption is half of Pakistan.

BD electricity consumption is around 600KWh per capita today. Same as Pakistan from what I could find.

Tax collection 30-40% less.

This is where BD government is most insufficient in South East Asia. A huge portion of BD economy is outside taxation. Hence leading to unequal playing field for legal entrepreneurs. Probably most unfriendly business environment in entire South Asia.

So BD GDP too need to be updated on international standards in next rebasing.

So does Pak economy. I don't trust the numbers from either countries.

However, export import size would give an idea into the state of a country's economy.

Compared to Pakistan and BD, India has the most relatively robust and reformed economy.

 

[RocketLaw]

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Pakistan’s economy accelerated in the last quarter even as the rising global crude prices due to the Iran conflict cloud the outlook for the nation, which imports most of its fuel requirement.

Gross domestic product accelerated to 3.99% in the three months ended March, compared with 2.4% a year earlier, according to data released by the Pakistan Bureau of Statistics. The economy grew 4.05% in the preceding quarter after the data was revised.


Unfortunately I can't read full details due to paywall, I managed to see first and second paragraphs above

 

[Blueishere]

I have a good feeling about this.

The economy should start flying in a couple of years.

I really don't, unless in the next year we see substantially more reforms, we don't have enough fiscal reserves to exit the IMF program forever. Also this stabilization is being forced by IMF, not any design of our own. The government doesn't yet have any plan beyond 2027, and even when they do, I doubt Ahsan Iqbal can design anyghing substantial. I hope they put the right people on the job, and I'm proven wrong.

 

[Toxic]

Please enlighten us how a gdp growth of 3.8% somehow manages to take us from $411 billion to $452 billion? That would be a growth rate of 10% which will make us the fastest growing economy in the world

Real GDP barely crosses the 400 billion mark if we add a cumulative growth rate of 6% from 2024 to 26

According to the IMF Pakistan's actual GDP is $407 billion which aligns with the growth figures.

If we assume a good growth rate of 4% py then Pakistan won't reach the $450 billion mark till 2030

But I am sure these morons are going to give a $500 billion figure next year