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Thats a rather enthusiastic comment than a rational one......a part of growth depends upon trade, but India is not a big trading partner of Pakistan. Yes if the trade balance with US and Europe betters, then this would contribute to growth, but to an extent only.
This is a rather unrealistic wishlist, economic development doesnt come by mere wishes. There is always imperfections, there can be growth with corrupt politicians (India), There can be growth without rich people paying taxes (Pakistan 2000-2006), but there can not be growth with dismal law and order situation....I hope I put it in a lucid way
1-Thats why someone has rightly said, Neem Hakeem Khatra e Jaan, there is no bechmark of so as to what should be an impressive growth rate. In economic literature, we rather use the term of potential GDP. The maximum a country can achieve is till all its resources are optimally employed (Potential GDP). For example, US is said to have a potential GDP growth rate of 3%, so if US economy is able to grow by mere 3%, then it has achieved a remarkable thing. Moreover, impressive growth can not return overnight, it need consistent policy making, which clearly lacked even in Mushi's era where Shortcut Aziz also took a shortcut to growth by artificial internal growth model. its a pitty that South Korea once modeled its policy making on our five year plans, Where they stand now and where do we.
When I mentioned 'vested interests' won't allow Indo-Pak trade to develop, it seems you belong to that category. And then we talk of an Indo-Pak detente! But it's hardliners like you around that don't allow relations between the two countries to develop.
Are you kidding me? We have no need for trade with bharat for our economy to grow. We can grow at 10% without having anything to do with bharat. Please keep your drivel to yourself.
But do we have anyone who is competent enough?.......I have to say that as far as economic policymaking is concerned, Pakistan has always lacked good economists who can chalkout a long term solution. Political parties are also equally responsible for this. Thats why we always look towards somebody like shaukat aziz, shaukat traeen, Dr, hafeez and Moeen Queshi. The situation is that there are very few good economists available in the counrty with hands on experience in policymaking (if fact the figure is low single digit). We need not only good policymaking but consistent policymaking. A national political consencus should be built on some principal points of good policymaking and should be able to continue without political interference. We must understand that economy is like a roler down the hill, blocked by poor law and order, fiscal indiscpline, a narrow tax net and poor economic management. We remove these hurdels and economy will automatically strart to grow like the roller moving down the hill. We must acknowledge that we will have to live with these anomalies like currption, political system that we have, but we can still grow if we put the basics right.
Not only collection but also line losses. In rest of the world the line loss rate is around 10% but in Pakistan it is around 35% to 45%
