GDP growth rate reaches 5.37% : Asad Umar

[RangeMaster]

https://twitter.com/i/web/status/1484113614579580938

What Pakistan needs is a sustained growth rate of over 8% for a decade or two. I hope this doesn't turn into another "Boom and Bust" cycle we're seeing for the past 30 years.

 

[RangeMaster]

It will IA cross 6% by next year that's for sure but uncertainty looms for the year 2023 cause of general elections. I hope our beloved establishment doesn't give another chance to PMLN or PPP thugs.

Export figures are up and will continue to do so IA. Reducing CAD and balancing import-export bill will be difficult considering booming energy/fuel demand with growing economy. Only fuel imports for H1 fy21 were 10+ billion dollars.

 

[Norwegian]

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What Pakistan needs is a sustained growth rate of over 8% for a decade or two. I hope this doesn't turn into another "Boom and Bust" cycle we're seeing for the past 30 years.

What Pakistan needs is a sustainable development and growth not this percent and that percent growth. Pakistan currently has structural issues so any growth above 4 percent will lead to crisis. Current growth is unsustainable too and leading to BOP crisis

@RiazHaq @Patriot forever @ziaulislam @Dual Wielder @AZ1 @farok84 @Jungibaaz

 

[arjunk]

I hope our beloved establishment doesn't give another chance to PMLN or PPP thugs.

You will be disappointed

 

[RangeMaster]

What Pakistan needs is a sustainable development and growth not this percent and that percent growth. Pakistan currently has structural issues so any growth above 4 percent will lead to crisis. Current growth is unsustainable too and leading to BOP crisis View attachment 810031View attachment 810032
@RiazHaq @Patriot forever @ziaulislam @Dual Wielder @AZ1 @farok84 @Jungibaaz

Only sustainable development will lead to sustained growth rate. Otherwise Boom Bust cycle will continue I.e A perfect bubble of 6% growth rate after 5 years of intensive/unnecessary development with borrowed money, then comes bust when repayment can't be made and import bill shoots up.

 

[AZ1]

It will IA cross 6% by next year that's for sure but uncertainty looms for the year 2023 cause of general elections. I hope our beloved establishment doesn't give another chance to PMLN or PPP thugs.

Export figures are up and will continue to do so IA. Reducing CAD and balancing import-export bill will be difficult considering booming energy/fuel demand with growing economy. Only fuel imports for H1 fy21 were 10+ billion dollars.

Then what will happen to pmln propaganda media cell team in. this pdf forum

 

[RangeMaster]

You will be disappointed

Yes.. sadly

 

[HammerHead081]

Who cares about the GDP growth rate when government is already talking about seeking loan from IMF again after existing one ends.

 

[RangeMaster]

Then what will happen to pmln propaganda media cell team in. this pdf forum

I guess they'll have to find a real job then...

Who cares about the GDP growth rate when government is already talking about seeking loan from IMF again after existing one ends.

Govt has to repay 8 billion dollars by this June in debt repayments. We don't print dollars. What should we do?

 

[HammerHead081]

I guess they'll have to find a real job then...

Govt has to repay 8 billion dollars by this June in debt repayments. We don't print dollars. What should we do?

Then utility bills and inflation rise will keep its pace as long as we are under IMF programme. This growth rate means nothing.

 

[peagle]

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https://twitter.com/i/web/status/1484113614579580938

What Pakistan needs is a sustained growth rate of over 8% for a decade or two. I hope this doesn't turn into another "Boom and Bust" cycle we're seeing for the past 30 years.

The guy to the left of Asad looks like nawaz sharif in the first picture.
Is he behind this growth as well

 

[ziaulislam]

What Pakistan needs is a sustainable development and growth not this percent and that percent growth. Pakistan currently has structural issues so any growth above 4 percent will lead to crisis. Current growth is unsustainable too and leading to BOP crisis View attachment 810031View attachment 810032
@RiazHaq @Patriot forever @ziaulislam @Dual Wielder @AZ1 @farok84 @Jungibaaz

Intersting will be to see how much of imports are cylical..i.e temporary that is vaccines, machinery imports and to some extent fuel.

But i see a burst coming since govt couldnt really get revenues going.

What it need is to push textiles exports streamline inflows in advance and keep CAD within 2-3%(not happening this year)

The biggest problem is oil hitting 90$ and fact that global deflation is on the horizon
Also every one is reporting growth wrong for 2017 which is weird it was clocked at 5.2(revised) not 5.7(early estimates)

Then utility bills and inflation rise will keep its pace as long as we are under IMF programme. This growth rate means nothing.

Growth rate mean everything
Ibflation mean nothing if growth out grows it

Are you saying a dollar in 1947 is worth a dollar now in 2020??

 

[RangeMaster]

Then utility bills and inflation rise will keep its pace as long as we are under IMF programme. This growth rate means nothing.

High/sustained growth rate is backed by value adding industries and services. Which means increased exports. Which means decreased CAD. This will lead to surplus. Large surplus means quick debt repayments with no additional loans+increasing forex reserves. That means strong currency considering abundance of dollars in local market. Strong currency will decrease inflation.
That's quite a large and time consuming cycle.

 

[ziaulislam]

Who cares about the GDP growth rate when government is already talking about seeking loan from IMF again after existing one ends.

IMF first program isnt even completed and has been suspended several times..

Pakistan has not gotten more money frm IMF what it owes in 2018..
Its simply extensing the program..its not a bad idea if it it can avood a hard crash
We need inflows..
They can come in any form
Be it CPEC, green bonds for DAMs or remittences and decreased money laundering by civil servants and politicans and public(ban crupto)

So that inflows can give us time to pick up exports

 

[HammerHead081]

High/sustained growth rate is backed by value adding industries and services. Which means increased exports. Which means decreased CAD. This will lead to surplus. Large surplus means quick debt repayments with no additional loans+increasing forex reserves. That means strong currency considering abundance of dollars in local market. Strong currency will decrease inflation.
That's quite a large and time consuming cycle.

So you are saying increased exports leads to decreased CAD but here it is the opposite?

Our exports are rising but imports are rising to alarming number as well leading to increase in CAD exponentially. So no clue what you on about.