GDP rebasing done with 2015-16 base. GDP growth rate for FY21 is 5.57%. GDP size: 55.5 tr or $346 bn. Per capita $1666. Debt to GDP 72%.

[Patriot forever]

This means PBS did a bad job as everyone can understand the level of informal economy in Pakistan. The only explanation here is that PBS failed to include enough sections of the informal economy in their calculations.

Documenting undocumented economy and rebasing GDP are 2 different things.

 

[Black Tornado]

India already rebased GDP not long ago so next one is probably 5 years away. I calculated 2021-22 GDP of Rs66 trillion with current exchange rate of 176.

We rebased in 2015 I guess so 3 years from now we’ll also rebase, which may or may not be considered soon.

 

[Patriot forever]

Layman question, if our currency was 115 rupees to dollar instead of current 176 rupees, would our gdp still be the same?

Bro that's not how it works.

 

[RangeMaster]

What is our GDP PPP? Anybody..? After current rebasing..?

 

[hydrabadi_arab]

Yes

Nope. Artificial overvaluation of Rs does not make gdp in dollars much higher. Eventually currency has to be devalued to avert the crisis caused by overvalued exchange rate and the gdp in dollars comes back to reality

https://twitter.com/i/web/status/1173923661985636352

View attachment 810053

True, it will eventually crash. Current trajectory isn't healthy either despite substantial increase in remittances and exports.

 

[N.Siddiqui]

Is our nation full of Ishaq Dars? When are we going to learn that artificially controlling the price of dollar never helped Pakistani economy?

Keep the dollar flying

The fear of flexibility in the exchange rate has been shared by most, if not all, our finance ministers.

www.dawn.com

Not artificially but cracking down on dollar smuggling to Afghan., and to other countries, hoarding and local buying of dollars as speculation, that can be stopped, showing results.

2 million US dollars being smuggled to Afghanistan daily

LAHORE: About 2 million US dollars are being smuggled to Afghanistan on daily basis, said well-placed sources in the...

www.brecorder.com

 

[HRK]

So not 25% increase in nominal GDP as some expected but only 12%.

View attachment 810048

As posted earlier in one of the previous thread on the same subject.

- All in all on personal grounds I expect the GDP between $320-350 billion, even if we consider the negative impact of devaluation of PKR against the US $

 

[HRK]

This means PBS did a bad job as everyone can understand the level of informal economy in Pakistan. The only explanation here is that PBS failed to include enough sections of the informal economy in their calculations.

Documentation of Economy is not the job of PBS, they just collect the data of sectors recorded and registered already.

 

[Patriot forever]

So not 25% increase in nominal GDP as some expected but only 12%.

It's on 2015-16 base.

 

[Bossman]

India already rebased GDP not long ago so next one is probably 5 years away. I calculated 2021-22 GDP of Rs66 trillion with current exchange rate of 176.

Indian GDP is inflated. Politics control facts in India.


On a very conservative measure the undocumented Pakistani economy is another $150 to $200 billion so the total economy is at least $500 billion.

 

[Patriot forever]

https://twitter.com/i/web/status/1484124489310945285

Our revised GDP growth is 5.37% for FY2021. ( On old base). Which is impressive.

 

[Norwegian]

https://twitter.com/i/web/status/1484124489310945285

Our GDP growth is 5.37% for FY2021. ( On old base). Which is an impressive.

Impressive but not sustainable as always

 

[Patriot forever]

Impressive but not sustainable as always View attachment 810084View attachment 810085View attachment 810086

Bro the figure is for FY 2021 not for the current ongoing FY 2022.

We can not sustain that number for this FY because of global commodity inflation cycle while maintaining CAD at manageable level ( there is a substantial increase in exports and remittances but it is no where near).

 

[RealNapster]

Rebasing isnt documwntation increase
PBS bigger problem is lack of documentation

Rebasing simply is change in calculation

I'm rebasing, one of the objective is always to bring those sectors to GDP which are hidden till that time. So I guess that's also included.

Is our nation full of Ishaq Dars? When are we going to learn that artificially controlling the price of dollar never helped Pakistani economy?

Keep the dollar flying

The fear of flexibility in the exchange rate has been shared by most, if not all, our finance ministers.

www.dawn.com

By asking to bringing dollar to Pkr to 140 I didn't meant to sell reserves in market but to increase dollar inflows/exports and decrease dollar outflow/exports. This will ultimately bring down PKR to this range.

Documentation of Economy is not the job of PBS, they just collect the data of sectors recorded and registered already.

But PBS can help FBR in this right. ? I think there is a need of intra-department work.

 

[Black Tornado]

Indian GDP is inflated. Politics control facts in India.

Yes why not