Bangladesh: Racing to move from middle-income to developed economy

[bluesky]

NO, NO, NO, Hell No, You cannot blame the business owners to do what they did, only fools couldn't see that coming. Blame solely lies with your leaders and establishment..

Going forward, if and from the looks of it, it's a big if, they were to look after Pakistan's Interest and only her interest, we can achieve economic independence, but we cannot blame others for what went wrong in Pakistan because that will let the crooks off the hook.

It is the mindset of the Pakistani population that caused the demise of its robust textile industry in the face of competition from countries like BD, Vietnam and now Ethiopia.

Please understand that women naturally possess the quality of doing small activities like cutting, stitching, and sewing. Men cannot do what the women's small fingers can do. Men were created to do heavy jobs like a bull that tilts farmland. But, Pakistani people shun the employment of women. Moreover, the payment is higher for men than it is for women. How can it compete with other countries that employ women with a fraction of wages?

I think with this mindset Pakistan can do better in heavy metallic jobs like steel mills, shipbuilding, etc.

 

[Michael Corleone]

Read his post, @MM_Haider did not claim that it was Pakistani textile investments that initiated the textile boom in BD. He just stated that many mill owners from Faisalabad and Karachi have invested here.

It is actually only a few years ago that it happened. Pakistani owners were facing downsizing their production due to many reasons and they moved to Dhaka. Our govt and people welcomed them happily.

That I definitely read about. They’re facing crisis with electricity and fresh water to meet volumes that they used to

 

[Bilal9]

That I definitely read about. They’re facing crisis with electricity and fresh water to meet volumes that they used to

The types of textile factories that moved from Pakistan to Bangladesh were mainly in the towels to home textiles specialties categories (bedsheets, drapes etc.). I have been to some factories in the Dhaka and CTG export processing zones and they had older antiquated equipment (especially towel factories) compared to the local factories owned by conglomerates like Beximco or others.

However it is undeniable that the younger textile experts for these types of factories in most cases were invariably Pakistani. Some have settled/married here and have learnt Bangla as well. I'd make an offhand guess that about 200,000 Pakistanis work in Bangladesh' textile sector.

 

[Shahzaz ud din]

I'd make an offhand guess that about 200,000 Pakistanis work in Bangladesh' textile sector.

Not possible.Could be in few hundreds but in 200K no way.Neither Pak nor BD ever mentioned this much people from Pak living in BD illegally.Kindly donot tell this to SHW.She will either get a heart attack or she will order to conduct CAA/NRC in BD too.

 

[bluesky]

If you have leaders like Nawaz Sharif and Zardari this will happen. I can assure you that Nawaz Sharif would wreck any functioning economy within a matter of months.

You must forgive Nawaz Sharif for earning extra dollars even by ruining the country's economy because he needed to cover the body of his dear daughter Meherunnisa with 1,000 kg of gold ornaments in her wedding ceremony. Like any father, he is willing to go to jail in order to see his daughter smiling.

 

[Michael Corleone]

You must forgive Nawaz Sharif for earning extra dollars even by ruining the country's economy because he needed to cover the body of his dear daughter Meherunnisa with 1,000 kg of gold ornaments in her wedding ceremony. Like any father, he is willing to go to jail in order to see his daughter smiling.

No amount of gold will fix ugly- micheal corleone

 

[Bilal9]

No amount of gold will fix ugly- micheal corleone

Ha ha ha - classic!

Not possible.Could be in few hundreds but in 200K no way.Neither Pak nor BD ever mentioned this much people from Pak living in BD illegally.Kindly donot tell this to SHW.She will either get a heart attack or she will order to conduct CAA/NRC in BD too.

Bhai - if people know a skill, they can get paid for it. There is no argument on the part of Bangladeshi employers.

We employ anyone who can do the job. Visit Dhaka sometime and see for yourself how many Pakistanis live here.

 

[Shahzaz ud din]

Ha ha ha - classic!



Bhai - if people know a skill, they can get paid for it. There is no argument on the part of Bangladeshi employers.

We employ anyone who can do the job. Visit Dhaka sometime and see for yourself how many Pakistanis live here.

Not a single $ ever as remittance is received by govt of Pakistan from BD.

 

[bluesky]

Not a single $ ever as remittance is received by govt of Pakistan from BD.

You can rest assured that many Pakistanis are working in responsible positions in the Bangladesh textile sector. It is because they know the trade and most are certainly not illegal. I have met two in a Gazipur factory.

I am not sure about the remittance flow to Pakistan. One point is they can send very little to their home country if their families are also living with them in BD, and another point is they are supposed to remit via the traditional Hundi as usual.

 

[Shahzaz ud din]

I have met two in a Gazipur factory.

Bro you met just two and you estimated 200 k Pakistanis.Incorrect sampling

 

[bluesky]

That I definitely read about. They’re facing crisis with electricity and fresh water to meet volumes that they used to

------- but, no problem with women being not employed?

 

[Michael Corleone]

------- but, no problem with women being not employed?

And ofc that

 

[Foxtrot Delta]

Best of luck from pakistaniz and kashmiriz may bangladesh become a developed economy asap! Ameen

 

[UKBengali]

Best of luck from pakistaniz and kashmiriz may bangladesh become a developed economy asap! Ameen

Developed is many decades in the future but midde-income in next 15-20 years is within reach according to international orgs.

Hope BD and Pakistan get together for the sake of the Muslim world - imagine BD economy matched with Pakistan military!

 

[bluesky]

Best of luck from pakistaniz and kashmiriz may bangladesh become a developed economy asap! Ameen

A developed country in Europe is that where people's purchasing and consumption power is too high. People have a high quality of life. They produce most of the industrial and agriculture goods, export the surplus and import products they need.

This is how the citizens there are able to get regular employment and they produce/manufacture/process high value-added industrial goods which are termed as "Tertiary Goods" by economists. The addition of high value is the reason they get high salaries and their living standard is so higher than a country like BD.

BD produces finished goods like textiles but the value addition in this sector is very low and its producers/employees can hardly manage to earn 20,000 Taka per month. Industries that can produce more value-added goods are not being set up and unemployed people frantically try to go abroad to get employment.

Except for a few pockets, I do not think the country is making development. This can be changed only if the private companies get enough govt support to import technology-intensive factories on a massive scale and FDI companies come and invest. Otherwise, I do not think the country will develop any further except on paper, the same as other South Asian countries, it will just flop like our neighbors in our west.