How much has the economic situation improved in Pakistan in the last couple of years?

[Abid Z]

read recently that GDP growth has been around 3.5 %. Inflation stable also with lots of foreign brands appearing..do you feel that the economic situation has improved somewhat in the last couple of years. has there been any improvement under this zardari govt? I think the courts seem to have got stronger so the rule of law appears to be improving as well as accountability but not sure..could somebody shed light on this please.

[ddss]

It has gotten worse, and you dont need the numbers to see

[Abid Z]

It has gotten worse, and you dont need the numbers to see

in what sense has it got worse? before you say in every sense..has inflation gone down, do you see things more affordable? what about investment in infrastructure? recently read that the govt has declined an imf loan installment believing that it doesnt need it...

i think there should be a more stringent tax collection policy that can be implemented and tax revenue increased...

[justarslan]

in what sense has it got worse? before you say in every sense..has inflation gone down, do you see things more affordable? what about investment in infrastructure? recently read that the govt has declined an imf loan installment believing that it doesnt need it...

i think there should be a more stringent tax collection policy that can be implemented and tax revenue increased...

People who have the power to do this are tax thief themselves.

[Abid Z]

particularly like this article on tax avoidance.

http://www.nytimes.com/2010/07/19/world/asia/19taxes.html?pagewanted=all

[Abid Z]

People who have the power to do this are tax thief themselves.

but there must have been some improvements somewhere?

[Runner Up]

Economy was not bad under Musharraf Govt. As long as corruption is in the Govt departments, it wont be improved.

[PakPrince]

Lol

it has gotten worse in the last 3-4 years in every aspect

you just need to spend a month in Pakistan to see that

Prices of necessities have doubled in the last few years

Rupee has depreciated by 40% meaning foreign produced goods are so much more expensive

shortage of electricity. factories cant run. low productivity

high gas and oil prices.

Purchasing power is very weak.

[amarmak]

Worse than ever in history...

[waqar_ahmad]

Zardari and improvements dont go together

[saeedhk]

Lol.It was just gotten worse in the past few years.There was quite great economic development under Mushy.

[ahsan88]

Apart from the agricultural sector, things not looking too bright.

Cotton and wheat crops have broken records.

However, locals keep on investing money in new projects and have faith that it will deliver.

[waqar_ahmad]

^ If wheat crop has broken records, then how come we are about to import wheat again?

[ahsan88]

^ If wheat crop has broken records, then how come we are about to import wheat again?

Source to the above claim?

http://www.pakistantoday.com.pk/2012/03/13/news/profit/bumper-wheat-crop-may-fetch-500mn-extra-in-exports-during-fy12/

Bumper wheat crop may fetch $500mn extra in exports during FY12.

[waqar_ahmad]

Yaar I read it somewhere, that the govt is planning to import wheat again. Read it a few weeks back, so cant give you a source here.

But since you gave a source, your claim is more authentic :) SO no arguments there

[ahsan88]

Koi baat nai. Farmers and rural areas are quite happy with current regime.

KSE doing very well also, ever since the Memo drama has died down.

[the Great Khan]

I read that the agricultural sector is booming but at the expense of our industry. The ppp have done well in the areas they know best about( zameen etc) but have been pathetic when it comes to urban development. We need a balance between the two but this govt is useless and cannot provide us with a simple economic plan that promotes idustrail growth!

[godzilla]

i tink you need to be very careful about how you identify improvement. going from armageddon to horrific, is hardly an improvement worth mentioning - its like zardari deciding to poinson his people rather than blow them up.

http://www.tradingeconomics.com/pakistan/inflation-cpi

that site shows inflation peaked at 25% in 08, and is now still an attrocious and debilitating 10% - partly because of currency i assume - a measure of economic strength, and the fact tha the economy is broken - in large part because of educational, industrial and tax policies of this crap government.

in additoin, be careful about what you apportion any nominal improvement too - the world wide economy has come out of a recession, just about, the last couple of years - this in turn has a tail wind (positive) effect on every economy pretty much - so any 'improvement' could very well be due to global macro-economic changes rather than government policy.

in short, if the ppp or pml get in for the next parliament, you can kiss pakistan goodbye.

[PakPrince]

Koi baat nai. Farmers and rural areas are quite happy with current regime.

KSE doing very well also, ever since the Memo drama has died down.

not really. and even if they are its at the expense of others.

govt is offering a good price for the crop but it is reallly above what the equilibrium price would be. The govt then passes off the costs in te form of higher prices, indirect sales taxes etc

[ahsan88]

I read that the agricultural sector is booming but at the expense of our industry. The ppp have done well in the areas they know best about( zameen etc) but have been pathetic when it comes to urban development. We need a balance between the two but this govt is useless and cannot provide us with a simple economic plan that promotes idustrail growth!

Agree with this.

[godzilla]

Agree with this.

is it a question of the ppp doing well there? after the global debt crisis, every hard asset has gone up in price, oil, gas, metals, essentially any commodity - principally because currency is losing value. so it might seem that agriculture is doing better, but i wonder how much of this is because of global prices as opposed to ppp policy. note that the benefit of strength in this sector is seriously dented by a 10% inflation rate.

[Savak]

Job Market is **** poor, pays are not being adjusted for inflation, infact a lot of people will complain the cost of living has gone up by 30-40% for them. Just look at our cricketers, since 2008 they have had no increases in pay at all.

[Garuda]

how is the job market ? Especially, Engineers and professionals that came out of university last year, what % got job ?

What is the average pay hike in last years ? Is it more than inflation ?

What is the industrial out put ? If manufacturing is more than last year then its indication that demand is improved.

From my Pakistani colleague, I know that the PKR is devalued a lot during last few months. So it will be a huge impact on importers. Though exporters will be happy. But I think the import is more for Pakistan at this moment.

How many new jobs are created in last year by private companies.


All of these will give the picture. A good Agri sector will help but the growth will more depend on other factors more.

[waqar_ahmad]

how is the job market ? Especially, Engineers and professionals that came out of university last year, what % got job ?

What is the average pay hike in last years ? Is it more than inflation ?

What is the industrial out put ? If manufacturing is more than last year then its indication that demand is improved.

From my Pakistani colleague, I know that the PKR is devalued a lot during last few months. So it will be a huge impact on importers. Though exporters will be happy. But I think the import is more for Pakistan at this moment.

How many new jobs are created in last year by private companies.


All of these will give the picture. A good Agri sector will help but the growth will more depend on other factors more.

:)) :))

There is no electricity, there is no gas. Industries are shutting down coz of this,.

Take a guess what the job market is like.

Bhuttos will never spare pakistan, even after most of their family is dead

[the Great Khan]

All of paks economic problems are man made..

[Looney]

Have to say , everyone i know with a university degree has a job . More women working now and they too get jobs .

[Equinox]

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