Pakistan to miss 4.2pc growth target: IMF

Discussion in 'Pakistan' started by Blackwater, Apr 18, 2013.

  1. Blackwater

    Blackwater Veteran Member Veteran Member

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    ISLAMABAD : The International Monetary Fund (IMF) has projected that Pakistan could not achieve the economic growth's target of 4.2 per cent during current financial year 2012-2013 as it would remain at 3.5 per cent.

    The IMF in its report "World Economic Outlook" has noted that Pakistan's real GDP growth would remain 3.5 per cent in the ongoing fiscal year 2012-2013 that would further decline to 3.3 per cent in the coming financial year 2013-2014. Pakistan has projected that GDP growth would be at 4.2 per cent in the year 2012-2013. However, IMF and Asian Development Bank (ADB) have estimated that country could not achieve the target, as ADB already projected that GDP growth would be at 3.6 per cent in the fiscal year to be ended on June 30 2013.
    The IMF report forecasted that consumer price inflation would remain at 8.2 per cent during the current fiscal year 2012-2013 that would surge to 9.5 per cent in the financial year to come 2013-2014. Similarly, the current account deficit has been estimated at 0.7 per cent during the ongoing financial yea 2012-2013, which would be at 0.8 per cent in next fiscal year.
    According to the report, unemployment rate has been projected to increase to 9.2 per cent during the current fiscal year 2012-2013 as compared to 7.7 per cent of the preceding year 2011-2012. The report predicted that unemployment rate would further enhance to 10.7 per cent in the year to come (2013-2014). "In Pakistan, high fiscal deficits and a difficult business climate are contributing to a sharp fall in private investment and growth", said the IMF report.
    Apart from Pakistan, the world economic outlook has worsened over the past three months and growth will stay flat this year, as the International Monetary Fund said the world economy should grow by 3.3% in 2013, down from a January forecast of 3.5%, leaving the pace of growth little changed from 2012. Growth should then pick up to 4% in 2014, it added. In advanced economies, activity is expected to gradually accelerate, starting in the second half of 2013. Private demand appears increasingly robust in the United States but still very sluggish in the euro area. In emerging market and developing economies, activity has already picked up steam.

    Pakistan to miss 4.2pc growth target: IMF
     
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  3. Blackwater

    Blackwater Veteran Member Veteran Member

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    @ farhaan pls give us your valuable comments on ur economy
     
  4. Patriot

    Patriot Senior Member Senior Member

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    @Blackwater Paaji! Do not worry please see the positive side Pakistan 's GDP growth Rate is still 0.5 % higher than even USA.
     
    Last edited by a moderator: May 10, 2015
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  5. arnabmit

    arnabmit Homo Communis Indus Senior Member

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    "unemployment rate has been projected to increase to 9.2 per cent during the current fiscal year " considering the millions of jehadis as employed.
     
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  6. Blackwater

    Blackwater Veteran Member Veteran Member

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    :lol::lol::lol::rofl:
     
  7. farhan_9909

    farhan_9909 Tihar Jail Banned

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    last year in feb 2012 imf reported pak to grow at 2.8%..but now you can check pak site it grew by 3.7%

    So imf prediction of pak to grow at 3.5% indicate now growth below 4% is impossible

    and 4% is more than enough for pakistan considering the current situation..yes if next year under IK pak doesnt grow by less than 9%..than that is something to be worried about

    what about india last u i heard india growth this year expected is 5.7% down from 8.4% in 2011

    meanwhile pak growth rate in 2011 was 2.4%
    in 2012 3.7%
    and this year 4%

    pak growth is getting increasing while indian on decreasing pattern
     
  8. Poseidon

    Poseidon Regular Member

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    Pakistan government fakes data.:rofl:

    Economic woes: Finance secretary changed in wake of IMF report – The Express Tribune
     
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  9. farhan_9909

    farhan_9909 Tihar Jail Banned

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    the data is out anyway

    you can check neutral sites like imf for the past year growth
     
  10. Welcome

    Welcome Regular Member

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    4.2 pc growth is very low for small country like pakistan....
     
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  11. Blackwater

    Blackwater Veteran Member Veteran Member

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    this data is from IMF:lol::lol::lol::lol:
     
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