Pakistan foreign reserves increase by $1 billion

[Sam.]

If you want to argue that the Indian economy is very very poor, all you have to say is this.

India's population is 1.33 Billion
Pakistan's population is 197 Million.

Therefore India's economy should be 6-7 times better than Pakistan, because India is 6-7 times bigger.

It's not. In fact its the same, according to the World Bank.

Pakistan GDP - 312 Billion $
Indian GDP - 2.8 Trillion $

Difference - 2800/312 = 8.9 times

Indian GDP is around 8-9 times of Pakistan and you are saying it's not i think i failed in math so lets the expert prevails.

@Nilgiri bhai please help.

 

[hassan zohaib]

It was $19 billion is last financial year bro and $14.5 in this year at this time of the year, you can go and check it. Sorry the financial performance is better than previous govt. This is open data you don't need my info for it you can check it for your self bro.



Jalnay wala ka munh kala.

Ok..
I got your point.
I loose but for instance,my friend, do consider what it was you arguing for because i m still deciphering what My friend was trying to make me understand.

 

[KhalaiMakhlooq]

Pakistan GDP - 312 Billion $
Indian GDP - 2.8 Trillion $

Difference - 2800/312 = 8.9 times

Indian GDP is around 8-9 times of Pakistan and you are saying it's not i think i failed in math so lets the expert prevails.

@Nilgiri bhai please help.

GDP is not a good measure of the country. I don't know who taught you economics.

India needs to lose its obsession with GDP growth
https://www.telegraphindia.com/opinion/india-needs-to-lose-its-obsession-with-gdp-growth/cid/1674943

Being the world’s 6th-largest economy means little for India’s future
https://economictimes.indiatimes.co...le-for-indias-future/articleshow/64966415.cms

The only good measure of the economy is per-capita income in exchange rate terms

 

[BHarwana]

Ok..
I got your point.
I loose but for instance,my friend, do consider what it was you arguing for because i m still deciphering what My friend was trying to make me understand.

If you consider the yearly performance our deficit is reducing. Now moving into next six month it will further reduce and we will make breakeven because of Saudi and Chinese FDI. So moving into next financial year we will be in more sustained position. Even if the oil prices shift Pakistan will not be effected because we have somewhat achieved immunity due to recently cut FTA deals with ksa China and other countries. Few more efforts into the economical uplift and we will be on the track of progress.

Currently per dollar fuel price in Pakistan is lowest in south Asia despite being on the edge of liquid reserves and now we have more maneuverability margin with Saudi fdi along China.

 

[Sam.]

GDP is not a good measure of the country. I don't know who taught you economics.

India needs to lose its obsession with GDP growth
https://www.telegraphindia.com/opinion/india-needs-to-lose-its-obsession-with-gdp-growth/cid/1674943

Being the world’s 6th-largest economy means little for India’s future
https://economictimes.indiatimes.co...le-for-indias-future/articleshow/64966415.cms

The only good measure of the economy is per-capita income in exchange rate terms

I agree nominal GDP is not the good measure but if you have anything else please share , i bet it is happiness index?
I never studied economics so i clearly have no idea.

 

[hassan zohaib]

If you consider the yearly performance our deficit is reducing. Now moving into next six month it will further reduce and we will make breakeven because of Saudi and Chinese FDI. So moving into next financial year we will be in more sustained position. Even if the oil prices shift Pakistan will not be effected because we have somewhat achieved immunity due to recently cut FTA deals with ksa China and other countries. Few more efforts into the economical uplift and we will be on the track of progress.

Yearly performance n deficit reducing....where...???????
If i consider this typo then my friend,imo, don't look things at par. I expect from u a lot.
I saw your arguments, especially on econmy, in different post and i really found sometimes very effective so bro dig into developments then u will find out true picture.
These palliatives are not benefiting us.

 

[BHarwana]

Yearly performance n deficit reducing....where...???????
If i consider this typo then my friend,imo, don't look things at par. I expect from u a lot.
I saw your arguments, especially on econmy, in different post and i really found sometimes very effective so bro dig into developments then u will find out true picture.
These palliatives are not benefiting us.

Look my friend there are 2 economical approaches.

1. You take loans from foreign institutes and feed your economy and keep importing goods and expand your economy. The import based expansion increases you GDP like what is happening in India currently. In this way you develop a service based economy and you are highly vulnerable to external shocks. This import and loan based growth is not sustainable and it pops like a bubble when ever economic factors shift. For example in Indian case if oil price goes up whole India becomes a fish market of protests and whole economy suffers.

2. The second approach is to develop a production based economy by increasing exports and directing institutional fdi like in our case Saudi Chinese and adb. This tyPe of growth is healthy it looks a bit slow but in reality this type of growth is sustainable and provides strong pillars to economy.

Previously Pakistan was following import based growth and economy. Now PTI is shifting to export based economy and production. In the PTI model we will develop into a welfare state in next 6 to 7 years and in coming one year you will see the real difference.

Pakistani trade deficit was $37 billion last year and $19 billion in December of last year. Currently it stands at $14.5 billion this year. So if we keep fuel price low and depreciate rupee we will not feel inflation domestically and increase exports. Keeping food energy under check and out of inflation we will achieve better economic situation with devalued currency. Low energy price and low currency value means cheap production and more competitive market.

 

[hassan zohaib]

Look my friend there are 2 economical approaches.

1. You take loans from foreign institutes and feed your economy and keep importing goods and expand your economy. The import based expansion increases you GDP like what is happening in India currently. In this way you develop a service based economy and you are highly vulnerable to external shocks. This import and loan based growth is not sustainable and it pops like a bubble when ever economic factors shift. For example in Indian case if oil price goes up whole India becomes a fish market of protests and whole economy suffers.

2. The second approach is to develop a production based economy by increasing exports and directing institutional fdi like in our case Saudi Chinese and adb. This tyPe of growth is healthy it looks a bit slow but in reality this type of growth is sustainable and provides strong pillars to economy.

Previously Pakistan was following import based growth and economy. Now PTI is shifting to export based economy and production. In the PTI model we will develop into a welfare state in next 6 to 7 years and in coming one year you will see the real difference.

Pakistani trade deficit was $37 billion last year and $19 billion in December of last year. Currently it stands at $14.5 billion this year. So if we keep fuel price low and depreciate rupee we will not feel inflation domestically and increase exports. Keeping food energy under check and out of inflation we will achieve better economic situation with devalued currency. Low energy price and low currency value means cheap production and more competitive market.

Ok...
Lets spare this topic for another time...
Btw, if u really wanna make me agree wd your point then do put the concrete argument especially in economics, finance n political landscape.

 

[BHarwana]

Ok...
Lets spare this topic for another time...
Btw, if u really wanna make me agree wd your point then do put the concrete argument especially in economics, finance n political landscape.

I cannot convenience you. Can you fill a glass of water which is already full? No you cannot do it. Instead I will fill a new glass to show you it can be filled.

 

[hassan zohaib]

I cannot convenience you. Can you fill a glass of water which is already full? No you cannot do it. Instead I will fill a new glass to show you it can be filled.

Hhhhaaa
Great...
But i m nothing bro but ready to learn....
I try to learn from everyone n maybe possible i have learnt from u as well...
N sorry it wasn't intended this way.

 

[BHarwana]

https://twitter.com/i/web/status/1072824442500337664

 

[Śakra]

The FDI from China is not made public so that west don't receives data on Chinese investment. If they are are made public USA and India can concentrate sabotage activity in the certain sector. Even in hard talk interview Assad omer passed the question. Even Moody's requested the info from Pakistan and the request was rejected.

@SunilM @Nilgiri how delusional can a person be? Tomato economist believes 60$ billion in """"FDI""""" was hidden. Yea and I have a secret stash of 200 billion USD hidden in my backyard so I dont have to pay income tax

 

[nahtanbob]

GDP is not a good measure of the country. I don't know who taught you economics.

India needs to lose its obsession with GDP growth
https://www.telegraphindia.com/opinion/india-needs-to-lose-its-obsession-with-gdp-growth/cid/1674943

Being the world’s 6th-largest economy means little for India’s future
https://economictimes.indiatimes.co...le-for-indias-future/articleshow/64966415.cms

The only good measure of the economy is per-capita income in exchange rate terms

GDP growth is not everything. Having said that India could use double digit economic growth for a few years

The FDI from China is not made public so that west don't receives data on Chinese investment. If they are are made public USA and India can concentrate sabotage activity in the certain sector. Even in hard talk interview Assad omer passed the question. Even Moody's requested the info from Pakistan and the request was rejected.

may be there is not much investment from china

 

[KhalaiMakhlooq]

I agree nominal GDP is not the good measure but if you have anything else please share , i bet it is happiness index?
I never studied economics so i clearly have no idea.

GDP growth is not everything. Having said that India could use double digit economic growth for a few years

I agree, India statistically will. Probably around 2050 will be very strong.

 

[BATMAN]

Pakistani foreign reserves increase by $1 billion as the second installment of Saudi investment of $12 billion arrived in Pakistan.

The third installment is expected to arrive in the first week of January.

On visit of PM Imran Khan the Saudis govt decided to invest in Pakistan. This is the second installment of that $12 billion investment package in Pakistan.

https://twitter.com/i/web/status/1073485050937786368

Arabs in picture are Emarati not Saudis... either poor reporting or usual Pakistani jealousy with Saudis.