General Economic Updates

[Dalit]

The country is nearing bankruptcy. On the
other hand:
Prices of property is all time high. A 4
bedroom apartment in the new project in
Emaar is priced at between 16 to 20
crores....and all sold out.
Restaurant are full.
Petrol pumps have long queues.
Flights going full.
Dollar is at Rs 300 and still not available
in the market.
Event planners don't have dates. Shadi
halls are booked three months in
advance.
Fashion designers outlets are packed.
You just have to go to Dolmen mall and
witness the crowds.
Just a normal Country with a poor government but rich people.

The Hindutva are fed lies. They don't know neither understand the ground realities.

The state is poor. The people are rich.

 

[Dalit]

Pakistan's economy contracts by 0.6% in FY23, expected to rebound to 1.7% in FY24: WB - Profit by Pakistan Today

Pakistan’s economy faced a sharp slowdown in FY23, contracting by 0.6 percent in real GDP and projections indicate a potential recovery with GDP growth reaching 1.7 percent in FY24 and 2.4 percent in FY25. The decline in economic activity reflects the cumulation of domestic and external shocks...

profit.pakistantoday.com.pk

Pak's economy sharnk 0.6% this year and population grew at 1.8%; so the per capita GDP shrank by approx 2.4%, the average Pakistan become 2.5% poorer this year. Add to that the 40% inflation rate, pending CPEC loans, 24 cents per KW energy costs and Pakistanis are looking at total economic meltdown.

Poverty headcount is estimated to reach 39.4% in FY23, with 12.5 million more Pakistanis falling below the Lower-Middle Income Country poverty threshold of $3.65/day.

Pakistan’s economy faced a sharp slowdown in FY23, contracting by 0.6 percent in real GDP and projections indicate a potential recovery with GDP growth reaching 1.7 percent in FY24 and 2.4 percent in FY25.

The decline in economic activity reflects the cumulation of domestic and external shocks including the floods of 2022, government restrictions on imports and capital flows, domestic political uncertainty, surging world commodity prices, and tighter global financing, said the World Bank in its latest report “Pakistan Development Update: Restoring Fiscal Sustainability” released on Tuesday.

The previous fiscal year ended with significant pressure on domestic prices, fiscal and external accounts and exchange rate, and loss of investor confidence. The difficult economic conditions along with record high energy and food prices, lower incomes, and the loss of crops and livestock due to the 2022 floods, have significantly increased poverty, the report said.

The poverty headcount is estimated to have reached 39.4% in FY23, with 12.5 million more Pakistanis falling below the Lower-Middle Income Country poverty threshold (US$3.65/day 2017 PPP per capita) relative to 34.2% in FY22, it added.


Without a sharp fiscal adjustment and decisive implementation of broad-based reforms, Pakistan’s economy will remain vulnerable to domestic and external shocks. Predicated on the robust implementation of the IMF Stand-By Arrangement (SBA), new external financing and continued fiscal restraint, real GDP growth is projected to recover to 1.7 percent in FY24 and 2.4 percent in FY25. Economic growth is therefore expected to remain below potential over the medium term with some improvements in investment and exports.

According to the report, limited easing of import restrictions thanks to new external inflows will widen the current account deficit in the near term and weaker currency and higher domestic energy prices will maintain inflationary pressures. While the primary deficit is expected to narrow as fiscal consolidation takes hold, the overall fiscal deficit will decline only marginally due to substantially higher interest payments.

The economic outlook is subject to extremely high downside risks, including liquidity challenges to service debt payments, ongoing political uncertainty, and external shocks.

“Careful economic management and deep structural reforms will be required to ensure macroeconomic stability and growth,” said Najy Benhassine, World Bank Country Director for Pakistan.

“With inflation at record highs, rising electricity prices, severe climate shocks, and insufficient public resources to finance human development investments and climate adaptation, it is imperative that critical reforms are undertaken to build the fiscal space and public means to invest into inclusive, sustainable, and climate-resilient development,” he added.

To regain stability and establish a base for medium-term recovery, the report recommends reforms to drastically reduce tax exemptions and broaden the tax base through higher taxes on agriculture, property and retailers; improve the quality of public expenditure by reducing distortive subsidies, improving the financial viability of the energy sector, and increasing private participation in state-owned enterprises; and strengthening management of public debt through better institutions and systems, and by developing a domestic debt market.

CPEC isn't going anywhere. CPEC has slowed down. CPEC hasn't vanished. Pakistani economy contracting has zero relation nor zero bearing on CPEC. These are absolutely separate matters.

CPEC not living up to its potential is only a loss for Pakistan. China gets its alternative route irrespective of CPEC infrastructure being beneficial to Pakistan or not. That is the CPEC deal between Pakistan and China.

Ask papa America why Pakistan China relations won't affect in the slightest. Despite Pakistani generals heeding to certain US demands recently. There is a reason why US think tanks remain cautious regarding limited Pakistan US relations. These are indeed very limited in scope and depth i.e. security related. No matter what, Pakistan is a firm ally of China. India is a firm ally of US. That should sum it up for you.

 

[Waz]

It's not me, but all global economic agencies which are predicting the doomsday scenario. I am just concerned about the potential refugee crisis it can create on our border when millions of starving Pakistanis head to our border begging for aata.

Warning given for trolling. You came on here with quite the trash reputation from your previous posting history. A ban is next if you step out the line. You're being carefully watched on any post you make. .
DFI is a far better place for you, where you can hurl abuse at will.

 

[Musings]

Dude, you guys have been predicting the end of Pakistan since its inception. Just give it a break now.

Bro

Pakistan is indeed going through rough times - when you elect poor leadership that is only interested in getting loans in and sinking deeper into the quagmire - this is naturally the result and I don’t mind accepting the dilemma the everyday Pakistani has.
The irony is when an Indian fellow comes on here telling us in great detail and depth of advanced knowledge of the Pakistani economy - one has to think there is an extraordinary obsession here.

 

[Dalit]

Bro

Pakistan is indeed going through rough times - when you elect poor leadership that is only interested in getting loans in and sinking deeper into the quagmire - this is naturally the result and I don’t mind accepting the dilemma the everyday Pakistani has.
The irony is when an Indian fellow comes on here telling us in great detail and depth of advanced knowledge of the Pakistani economy - one has to think there is an extraordinary obsession here.

Hindutva obsession with Pakistan is like an old bottle of wine. The obsession never fades. The more it ages the more obsessive behavior is displayed.

 

[ghazi52]

December 31, 2023

Rohait Bhagwant

 

[ghazi52]

Analysis: Economic woes driving global firms’ exodus​

Mubarak Zeb Khan
December 31, 2023

More multinational companies have divested their assets or temporarily halted their operations in Pakistan continuing a trend that began in calendar 2022.

Over the past 30 months, numerous firms have chosen to relocate their activities outside of Pakistan or reduce operations due to significant political and economic challenges.

Multinational corporations (MNCs) naturally experience fluctuations in their expansion and downsizing efforts, influenced by factors like access to capital, availability of workforce and strategic considerations.

In Pakistan, a combination of policy decisions and an unfavourable regulatory environment has made it relatively easy for these companies to make a choice: either cease operations or pursue cost-cutting measures such as downsizing or divesting their assets.

The outgoing calendar year 2023 began with announcements from corporations such as Lotte Chemicals which sold its whole 75pc ownership and Puma Holdings divested its 57pc stake in January. This was a period when MNCs were examining their worldwide footprints while taking into account a variety of issues. Pakistan was rated at the top due to severe political instability and contradictory economic policies.

Analysis: Economic woes driving global firms’ exodus

Over past 30 months, numerous firms have chosen to relocate their activities or reduce operations due to political and economic challenges.

www.dawn.com

 

[spammmmer]

It's not the leadership but the people who are poor. Poor quality of education cannot be blamed entirely on the state; it was the people who chose to forego education. Indians and BDs prioritised education and are reaping rewards now.


Eduation was and is the biggest difference between India and Pakistan.

Bhai yha aake jyada gyan mt do ye sb baate pta hai in sbko.
They know what is wrong how it is wrong and no matter how much you try to enlighten them they wont agree with you.
Just have fun and dont post something against pakistan which hurts to sentiment people.
Good work bro

 

[spammmmer]

U think these 12wi fail posters have a better underdstaind of econonmy than WOrld Bank, IMF, Moody's.

I think some Pakistanis don't want to believe them simply because their CEO are almost all of Indian origin. It's just shame which prevents them from accepting the truth.

They know everything brother they just dont want to accept it. Did you notice most of the pakistani posters here are in foreign land they have already left pakistan and are now giving us lecture about how everything is good and better in pakistan then india such a irony.

 

[Waz]

India is already preparing for a refugee crisis. There are officers in the south block who have been delegated the responsibility of preparing a contingency plan for 1971-like refugee crisis on western border. Indian govt. has earmarked flat grounds which can be turned into barbed-wire fenced refugee grounds.

This is still a far-fetched scenario but not one that can be considered trolling under any case. It is much more likely to happen than say a nuclear war. This is dead serious.

Where and when? Do share relevant details i.e. government reports etc. You sure you're not getting confused with the camps they want set up for 'anti nationals'.
Nations far smaller who are in more dire economic straits have not collapsed, yet you predict this for Pakistan, an event which has been 'predicted' for 24 years now.
Your use of words is where the trolling started.
Also you are not allowed to the term 'Pakistan Azaad Kashmir', something invented by yourselves that the people of AJK don't recognise.

 

[swas]

They know everything brother they just dont want to accept it. Did you notice most of the pakistani posters here are in foreign land they have already left pakistan and are now giving us lecture about how everything is good and better in pakistan then india such a irony.

I have always noticed one thing about Pakistanis. Just because they can speak decent English because they live in the west, they suddenly start considering them experts in all field; from nuclear physics to economics. a construction worker from birmingham may consider himself smarter than all major economists or rating agencies or global financial institutions and give outrightly absurd statements like, "Pakistan's grey economy is much larger than reported economy, so we are doing very well financially" or "people are rich govt is poor".

The level of ignorance I see on these forums baffles me.

 

[hussain0216]

Where and when? Do share relevant details i.e. government reports etc. You sure you're not getting confused with the camps they want set up for 'anti nationals'.
Nations far smaller who are in more dire economic straits have not collapsed, yet you predict this for Pakistan, an event which has been 'predicted' for 24 years now.
Your use of words is where the trolling started.

The hindutva are so delusional that they think Pakistani will leave Pakistan and go to a overpopulated communal state like India that is lower o. The hunger index then even Pakistan

 

[swas]

Where and when? Do share relevant details i.e. government reports etc. You sure you're not getting confused with the camps they want set up for 'anti nationals'.
Nations far smaller who are in more dire economic straits have not collapsed, yet you predict this for Pakistan, an event which has been 'predicted' for 24 years now.
Your use of words is where the trolling started.

I have seen a contingency plan in the office of Block development officer in a taluka in Jaisalmer, Rajasthan. Surverys are in progress to scout for flat terrain which can be fenced cheaply and quickly.

 

[hussain0216]

I have always noticed one thing about Pakistanis. Just because they can speak decent English because they live in the west, they suddenly start considering them experts in all field; from nuclear physics to economics. a construction worker from birmingham may consider himself smarter than all major economists or rating agencies or global financial institutions and give outrightly absurd statements like, "Pakistan's grey economy is much larger than reported economy, so we are doing very well financially" or "people are rich govt is poor".

The level of ignorance I see on these forums baffles me.

It's not just that

Wheat Production by Country 2026

Detailed information on wheat production by country throughout the years, including the top ten wheat producing nations and the leading producer.

worldpopulationreview.com

India is a communal dump of a state

Pakistan for the majority of the last 75 years has been ahead of India, only in the last 20 years has poor politics in Pakistan effected our development

Yet consider the above link, India has 7 times larger population then India but only produces 4 times the wheat

It's things like this where you realise the sanghis are delusional bullshitters that should never be trusted

 

[Waz]

@swas ok so we will all take your word for it. I think we know best of what lies ahead instead of a backwater office in Jaisalmer, Rajasthan.....