Comparision between Pakistan and Bangladesh: Basket case - Pakistan or Bangladesh?

Pintu

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As per advice from Riteshji, I am starting this new thread on the comaparison of the economic situation of our two sub continental neighbours, with whom we were united geographically till 63 years ago.


First to start up with Pakistan :

Economy of Pakistan​


Pakistan is 26th largest economy in terms of PPP , 47th largest in terms of US Dollar, Pakistan's economy mainly comprises of chemicals , Textiles , food processing and other industries. However , the liberalised economy of Pakistan greatly sufferred by the ongoing Political disturbances, mixed levels of Foreign Investment and most particularly Military conflict with India in 1999 and Pakistan's choice of Arms procurement to 'Match India' had its straining effect on the troubled Economy. Though Pakistan declared top performer of the region by IMF in 2005, impressed by the Performance of Gen. Musharraf Regime in reformist policy, massive earthquake in 2005 though manageable took some toll on the economy.

Pakistan raised its developmental spendings in FY 07 by 52% , however inflation remains a biggest threat to country's economy currently in double digit figure , please see: Inflation Rate of Pakistan | Ministry of Finance,

as I quote :

Inflation Rate of Pakistan | Ministry of Finance

Inflation Rate of Pakistan

In sheer contrast to significant abatement in the inflationary pressures across the globe, the inflation in Pakistan has depicted downward rigidity. All price indices like CPI, WPI and SPI witnessed a clear downtrend in recent months. The inflation rate as measured by the changes in Consumer Price Index (CPI) after reaching peak at 25.3 percent in August 2008, showing easing since November 2008 but bounced back to 21.1 percent in February 2009 mainly because of spike in the prices of some food items like onion, chicken farm, sugar etc. WPI inflation is following international declining trend but non-food component of the CPI showed some stubbornness till February 2009. The CPI inflation averaged 23.5 percent in July-February 2008-09 as against 8.9 percent in the comparable period of last year
The recent instability in Pakistan cost Paksitan dearly in FDI which dropped from $ 8 bn to $ 3.5 bn in current fiscal, and FDI out flown to Gulf countries, a widening trade deficit , inflaton and crash of Pakistani Rupee seen the exchange rate 82.8 Pk Rupee = 1 US $
(Exchange Rates) as on 1.8.2009.

What is more concerning for the economists, the S&P downgraded Pakistan's rank in foreign currency debt from B to CCC+ only several notches ahead being declared in default and investors confidence is low therein.

However, coming years may be less turbulant for Pakistan as EIU predicts inflation backs to single digit figure in 2010, and economic growth may be on 7%.

Pakistan was a very poor and predominantly agricultural country when it gained independence in 1947 from British occupied India. Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP Decay rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the second half of that decade.

Industrial-sector growth, including manufacturing, was also above average. In the late 1960s Pakistan was seen as a model of economic development around the world, and there was much praise for its economic progression. Later, economic mismanagement in general, and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the 1990s. Two wars with India in Second Kashmir War 1965 and Bangladesh Liberation War 1971 and separation of Bangladesh adversely affected economic growth

In particular, the latter war brought the economy close to recession, although economic output rebounded sharply until the nationalizations of the mid-1970s. The economy recovered during the 1980s via a policy of deregulation, as well as an increased inflow of foreign aid and remittances from expatriate workers.
(Wikipeda)


As Wikipedia tells us :


Economic resilience
GDP Rate of Growth 1951-2007


Historically, Pakistan's overall economic output (GDP) has grown every year since a 1951 recession. Despite this record of sustained growth, Pakistan's economy had, until a few years ago, been characterized as unstable and highly vulnerable to external and internal shocks. However, the economy proved to be unexpectedly resilient in the face of multiple adverse events concentrated into an eight-year period —

* the Asian financial crisis;
* economic sanctions — according to Colin Powell, Pakistan was "sanctioned to the eyeballs";
* lop recession;
* severe rioting in the port city of Karachi;
* a severe drought — the worst in Pakistan's history, lasting about four years;
* heightened perceptions of risk as a result of military tensions with India — with as many as 1 million troops on the border, and predictions of impending (potentially nuclear) war;
* the military actions against militants in parts of the country;

Despite these adverse events, Pakistan's economy kept growing, and economic growth accelerated towards the end of this period. This resilience has led to a change in perceptions of the economy, with leading international institutions such as the IMF, World Bank, and the ADB praising Pakistan's performance in the face of adversity.

Additional confirmation that the country's economy is not as weather-sensitive as had been previously perceived comes from a 2008 analysis that "examined 68 countries, quantifying their sensitivity to fluctuations in weather, using figures on GDP by industry sector and the sensitivity of particular sectors to given weather variables." The analysis found that of the 68 countries, the "least weather-sensitive country was Pakistan."
Economy of Pakistan remained to be resilent.


Doing Business

The World Bank (WB) and International Finance Corporation’s flagship report ‘Ease of Doing Business 2009’ ranked Pakistan 77 among 181 countries around the globe. Pakistan comes second in South Asia behind Maldives at 69th place, leaving India behind at 122. The top five countries are Singapore, New Zealand, the United States, Hong Kong and Denmark. (Source : Wikipedia)

Stock market
Main article: Karachi Stock Exchange

In the first four years of the twenty-first century, Pakistan's KSE 100 Index was the best-performing stock market index in the world as declared by the international magazine “Business Week”. The stock market capitalisation of listed companies in Pakistan was valued at $5,937 million in 2005 by the World Bank. [8]. But in 2008, after the General Elections, uncertain political environment, rising militancy along western borders of the country, and mounting inflation and current account deficits resulted in the steep decline of the Karachi Stock Exchange. As a result, the corporate sector of Pakistan has declined dramatically in significance in recent times.

Manufacturing and finance

Pakistan's manufacturing sector has experienced double-digit growth in recent years, from 2000 to 2007, with Large-scale manufacturing growing from a minimal 1.5% in 1999 to a RECORD 19.9% in 2004-05 and averaged 8.8% by end of 2007.

The Federal Bureau of Statistics valued the finance and insurance sector at Rs.311,741 million in 2005 thus registering over 166% growth since 2000. A reduction in the fiscal deficit has resulted in less government borrowing in the domestic money market, lower interest rates, and an expansion in private sector lending to businesses and consumers.

Growing middle class

Measured by purchasing power, Pakistan has a 30 million strong middle class, according to Dr. Ishrat Husain, Ex-Governor (2 December 1999 - 1 December 2005) of the State Bank of Pakistan. It is a figure that correlates with research by Standard Chartered Bank which estimates that Pakistan possesses a "a middle class of 30 million people that Standard Chartered estimates now earn an average of about $10,000 a year."Latest figures put Pakistan's Middle Class at 35 million strong. In addition, Pakistan has a growing upper & upper middle class, estimated at 6.8 million in 2002 and projected to grow to 17 million people by the year 2010, with relatively high per capita incomes.

On measures of income inequality, the country ranks slightly better than the median. In late 2006, the Central Board of Revenue estimated that there were almost 2.8 million income-tax payers in the country.

Poverty levels have decreased by 10% since 2001 Foreign Companies which provide for Pakistani middle classes have been very successful. For example, demand for Uniliver products have recently been so high that even after doubling production the Anglo-Dutch company struggled to meet demand and it's Chairman stated "Pakistanis can’t seem to have enough".

Demographics

With a per capita GDP of over $3000 (PPP, 2006) compared with $2600 (PPP, 2005) in 2005 the World Bank considers Pakistan a medium-income country, it is also recorded as a "Medium Development Country" on the Human Development Index 2007. Pakistan has a large informal economy, which the government is trying to document and assess. Approximately 49% of adults are literate, and life expectancy is about 64 years. The population, about 168 million in 2007, is growing at about 1.80%.

Relatively few resources in the past had been devoted to socio-economic development or infrastructure projects. Inadequate provision of social services, high birth rates and immigration from nearby countries in the past have contributed to a persistence of poverty. An influential recent studyconcluded that the fertility rate peaked in the 1980s, and has since fallen sharply. Pakistan has a family-income Gini index of 41, close to the world average of 39.

Employment

The high population growth in the past few decades has ensured that a very large number of young people are now entering the labor market. Even though it is among the seven most populous Asian nations, Pakistan has a lower population density than Bangladesh, Japan, India, and the Philippines. In the past, excessive red tape made firing from jobs, and consequently hiring, difficult. Significant progress in taxation and business reforms has ensured that many firms now are not compelled to operate in the underground economy.

In late 2006, the government launched an ambitious nationwide service employment scheme aimed at disbursing almost $2 billion over five years.

-----------------------------------------To be continued----------------------------------------------------------------
 

Pintu

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----------------------------------------------Continuing------------------------------------------------------------------------

Tourism

Tourism in Pakistan is a growing industry. Major attractions include ruins of Indus valley civilisation and mountain resorts in the Himalayas. Himalayan and Karakoram range (which includes K2, the second highest mountain peak in the world, attracts adventurers and mountaineers from around the world.

Revenue

The Board of Revenue has collected nearly one trillion Rupees($14.1 billion) in taxes in the 2007-2008 financial year.

Currency System of Pakistan​

basic unit of Pakistani monetary system is Rupee like India's , 100 paise consists 1 Rupee, the denomination available in notes of Rs.5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500 , Rs. 1000 and newly introduced Rs. 5000 , however work on newly designed Rs. 10000 going on this having been done to save the banking industry to keep in few notes.

Foreign Exchange Rate :

This is one of the most concerning area for Pakistan economy , in my opinion , Pakistani Rupee (PKR) depreciated against green back however currently trading at 82.52 Pakistani rupee against 1 US $ on 3.8.2009 appreciated from previous rate of Rs. 82.77 Pakistani Rupee against 1 US $, (please see :http://www.exchange-rates.org/history/PKR/USD/T for reference )

Here I am posting a graphic of the Pakistani Rupee's exchange rate per US $ :

(Graphical Image courtesy User :Nomi887 of Wikipedia in Wikipedia and permitted under GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation, please see : Wikipedia:Text of the GNU Free Documentation License - Wikipedia, the free encyclopedia)



As per State Bank of Pakistan (SBP) in April 1, 2008 Pakistani Rupee traded Rs. 63.50 against 1 US $ within a period of only 6 Months it depreciated to Rs. 80.00 , a depreciation of Rs. 16.50 in Rs. 63.50 a depreciation of (16.50/63.50*100)=25.98% .

In the tenure of Pakistan's finance Minister Shaukat Aziz , Pakistan raised its balance of Foreign Exchange to $ 16.4 billion however , trade deficit was $ 13 billion , that was a concerning factor , however in October 2008 , Pakistan's foreign exchange reserve dwindled to $ 6.6 bn due to high import bill, that prompted Pakistan to agree on IMF loan of US $ 7.7 bn loan to avert balance of Payment crisis and shore up Foreign Exchange, again it came down to $ 11.85 bn on July 18,2009 (Source: Pakistan's forex reserves fall to $11.85 bln - News - CNBC.com)

-----------------------------------------------To be continued-----------------------------------------------------------
 

Tamil

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What should we do with this report. what about our status. when we become a global power? :india:
 

Pintu

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What should we do with this report. what about our status. when we become a global power?
Dear Tamil, this thread is just a comparison between the economies of our two neighbouring countries, in the short term their economic development would have no effect but in the long run yes.

Regards
 

Pintu

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Economy of Pakistan , continuing after 2nd post:
--------------------------------------------------------------------------------------------------------------------


Pakistan's economy was predominantly agricultural but services sector has overtaken it , for an example during the year 1947 , agriculture constituted 53% of Pakistani economy, on that account , East Pakistan (presently Bangladesh), contributed greatly for Pakistan's economy. but non agricultural out pout grown since.

In 2004-05 agriculture contributed 23.1% of GDP in the economy , while goods sector (Agriculture, manufacturing, mining , construction, energy) made up 47.6% , services sector contributed 52.4% .

Pakistan enjoys a good reputation in agriculture output in many products and according to FAO , the ranking of Pakistan in production of following :

Chickpea (2nd)
Apricot ( 4th)
Cotton(4th)
Sugar cane(4th)
Milk (5th)
Onion (5th)
Date Palm (6th)
Mango (3rd)
Tangerines, mandarin orange, Clementine (8th)
Rice (8th)
Wheat (9th)
Oranges (10th)

a whopping 25% of Pakistan's total land area of Pakistan under cultivation and arable.

As I quote from Wikipedia :


Industry​



Pakistan ranks forty-first in the world and fifty-fifth worldwide in factory output.

Pakistan's industrial sector accounts for about 24% of GDP. Cotton textile production and apparel manufacturing are Pakistan's largest industries, accounting for about 66% of the merchandise exports and almost 40% of the employed labour force. Other major industries include cement, fertilizer, edible oil, sugar, steel, tobacco, chemicals, machinery, and food processing.

The government is privatizing large-scale parastatal units, and the public sector accounts for a shrinking proportion of industrial output, while growth in overall industrial output (including the private sector) has accelerated. Government policies aim to diversify the country's industrial base and bolster export industries.

* Industries: textiles (8.5% of the GDP), fertilizer, cement, oil refineries, dairy products,food processing, beverages, construction materials, clothing, paper products, shrimp
* Industrial production growth rate: 6% (2005)
* Large-scale manufacturing growth rate: 19.9% (2005)

Automobile Industry

Pakistan is an emerging market for automobiles and automotive parts offers immense business and investment opportunities. The total contribution of Auto industry to GDP in 2007 is 2.8% which is likely to increase up to 5.6% in the next 5 years. Auto sector presently, contributes 16% to the manufacturing sector which also is expected to increase 25% in the next 7 years.

CNG Industry

As of 2005, Pakistan is the largest user of CNG in Asia, and third largest in the world. The CNG sector of Pakistan by end of 2007 has attracted over Rs 70 billion investments during the last few years as a result of liberal and encouraging policies of the government. Presently, more than 2,700 CNG stations are operating in the country in 85 cities and towns, and 1000 more would be setup in the next three years. It has provided employment to above 30,000 people in Pakistan.

Cement Industry

In 1947, Pakistan had inherited 4 cement plants with a total capacity of 0.5 million tons. Some expansion took place in 1956-66 but could not keep pace with the economic development and the country had to resort to imports of cement in 1976-77 and continued to do so till 1994-95. The cement sector comprising of 27 plants is contributing above Rs 30 billion to the national exchequer in the form of taxes.

IT Industry

Pakistan’s IT industry has been rising steadily since the last three years. A marked increase in software export figures are an indication of this booming industry’s potential. Total no of IT companies increased to 1306 and the total estimated size of IT industry is $2.8 billion. In 2007, Pakistan was for the first time featured in the Global Services Location Index by A.T. Kearney and was rated as the 30th best location for offshoring. By 2009, Pakistan had improved its rank by 10 places to reach number 20th.

Textile Industry

The Textile Industry is dominated by Punjab. For example, only 1.5 million people from NWFP are employed in the Industry. 3% of United States imports regarding clothing and other form of textiles is covered by Pakistan.[31] Textile exports in 1999 were $5.2 billion and rose to become $10.5 billion by 2007. Textile exports managed to increase at a very decent growth of 16% in 2006. In the period July 2007 - June 2008, textile exports were US$ 10.62 Billion. Textile exports share in total export of Pakistan has declined from 67% in 1997 to 55% in 2008, as exports of other non-textile sectors grew.
---------------------------------------------------------To be continued--------------------------------------------------
 

IBM

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Economy of Pakistan , continuing after 2nd post:
--------------------------------------------------------------------------------------------------------------------


Pakistan's economy was predominantly agricultural but services sector has overtaken it , for an example during the year 1947 , agriculture constituted 53% of Pakistani economy, on that account , East Pakistan (presently Bangladesh), contributed greatly for Pakistan's economy. but non agricultural out pout grown since.

In 2004-05 agriculture contributed 23.1% of GDP in the economy , while goods sector (Agriculture, manufacturing, mining , construction, energy) made up 47.6% , services sector contributed 52.4% .

Pakistan enjoys a good reputation in agriculture output in many products and according to FAO , the ranking of Pakistan in production of following :

Chickpea (2nd)
Apricot ( 4th)
Cotton(4th)
Sugar cane(4th)
Milk (5th)
Onion (5th)
Date Palm (6th)
Mango (3rd)
Tangerines, mandarin orange, Clementine (8th)
Rice (8th)
Wheat (9th)
Oranges (10th)

a whopping 25% of Pakistan's total land area of Pakistan under cultivation and arable.

As I quote from Wikipedia :




---------------------------------------------------------To be continued--------------------------------------------------


WAT IS THE LATEST FIGURE. THESE WERE IN 2005, NOW 90 % INDUSTRY IN PAK IS CLOSED DUE TO ELECTICITY SHORT FALL, NOW I DONT THINK SO THEY ENJOY SOME STATUS IN WORLD EXECPT EXPORTING TERRORISM. THAT HAS GROWN TREMENDOULY :bye::bye::bye::bye:
 

Pintu

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WAT IS THE LATEST FIGURE. THESE WERE IN 2005, NOW 90 % INDUSTRY IN PAK IS CLOSED DUE TO ELECTICITY SHORT FALL, NOW I DONT THINK SO THEY ENJOY SOME STATUS IN WORLD EXECPT EXPORTING TERRORISM. THAT HAS GROWN TREMENDOULY :bye::bye::bye::bye:
My dear brother, yes this thread consists of data collected in 2004-05 , is about economic comparison between two of our neighbouring countries, latest data will be put in further anlysis , this is just a overview of Pakistani economy with help from Wikipedia

Regards
 

jaganpjames

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WAT IS THE LATEST FIGURE. THESE WERE IN 2005, NOW 90 % INDUSTRY IN PAK IS CLOSED DUE TO ELECTICITY SHORT FALL, NOW I DONT THINK SO THEY ENJOY SOME STATUS IN WORLD EXECPT EXPORTING TERRORISM. THAT HAS GROWN TREMENDOULY :bye::bye::bye::bye:

soo what should have happened in india 100% shutdown of industry??? :blum3:

i would agree with you on terrorism... that industry has grown at an alarming proportion..
 

thakur_ritesh

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To begin with thanks to pintuda to have come up with this very enlightening thread.

What should we do with this report. what about our status. when we become a global power? :india:
Tamil, this thread is an endeavour to have a better, unbiased understanding of the economic situation of our two neighbouring economies, how similar they are, how different they are. What has truly been surprising is the pace with which b’desh has performed in the past few years and during the same time period how Pakistan from being a promising economy seems to have been out shown by the b’desh economy all too quietly, which has more or less gone unnoticed.

As far India and Indian dream of global economic major power house is concerned, that has still quite some time to it and we have a lot of threads dedicated on the same subject, you want to talk specifics on that, then please take up the issue there.


WAT IS THE LATEST FIGURE. THESE WERE IN 2005, NOW 90 % INDUSTRY IN PAK IS CLOSED DUE TO ELECTICITY SHORT FALL, NOW I DONT THINK SO THEY ENJOY SOME STATUS IN WORLD EXECPT EXPORTING TERRORISM. THAT HAS GROWN TREMENDOULY :bye::bye::bye::bye:
IBM, it will be appreciated that such claims have a proper backing to it with a link provided.
 

Dark Sorrow

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What should we do with this report. what about our status. when we become a global power? :india:
This helps us know about economy and life by our neighbours.
Do you till 1974 untill islamization pakistan hadn't take place, pakistan's economy was more stronger and superior compaire than us. There came a point where it seemed that pakistan getting seperated from us were more powerful and had made the right decision.
The loss of 1971 and islamization of pakistan destroyed several industries and hampering their economy. Further stiff competition in which they entered against cost them a lot, espically their nuclear program(in short the arms race).
 

Dark Sorrow

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IBM, it will be appreciated that such claims have a proper backing to it with a link provided.
Ritesh, what IBM is claiming is right. Pakistan faces a huge electricity deficent problem and in future it is going to be worse.
Here is a link.
 

gokulakannan

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Man i fail to understand what you wish to convey. Our GDP growth is 6.7%.
From the pinto's article it is shown tat in 2010 pakistans GDP ll be 7%. i surely believe tat it is not 100% possible for them. Because they are facing the electricity problem and wasting their economy in war and terrorism. within this one year nothing is going to change the pakistan
 

musalman

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This helps us know about economy and life by our neighbours.
Do you till 1974 untill islamization pakistan hadn't take place, pakistan's economy was more stronger and superior compaire than us. There came a point where it seemed that pakistan getting seperated from us were more powerful and had made the right decision.
The loss of 1971 and islamization of pakistan destroyed several industries and hampering their economy. Further stiff competition in which they entered against cost them a lot, espically their nuclear program(in short the arms race).
Actually nationalization of Industry in 1973 by Bhutto's Socialist government really hurt the economic growth.No doubt lossing the eastern wing was problem but that was over come in 80s when steel mill was setup in Karachi and ship industry was started too.
Regarding electricity shortage, you guys are right that will effect alot of the economic growth. Its ironic that in actual Pakistan have no problem regarding the installed capacity its the circular debts and some political kick backs which have caused this huge industry to shut down. Till last year we had no idea of electricity shut down now its going every 1 or 2 hours.
 

IBM

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To begin with thanks to pintuda to have come up with this very enlightening thread.



Tamil, this thread is an endeavour to have a better, unbiased understanding of the economic situation of our two neighbouring economies, how similar they are, how different they are. What has truly been surprising is the pace with which b’desh has performed in the past few years and during the same time period how Pakistan from being a promising economy seems to have been out shown by the b’desh economy all too quietly, which has more or less gone unnoticed.

As far India and Indian dream of global economic major power house is concerned, that has still quite some time to it and we have a lot of threads dedicated on the same subject, you want to talk specifics on that, then please take up the issue there.




IBM, it will be appreciated that such claims have a proper backing to it with a link provided.


Ritesh i live in UK i regularly watch geo and ary news. I know these channels r banned in India . Wat u can do is, try to seee youtube by typing electric probelm in pak.

Latest news is the shorfall is 4000 MW. Cities like karachi and lahore has 16 hours powercut, imagine rest of country....

Also to add the power minister said that they r hiring power station which will be based on the ship from turkey for 5 yrs. Now Q is how much they fill defecit??? wat will happen after 5 yrs??????????
.. it is expected that one unit will cost more than 14 pak rupees.. u can imagine inflation which is already 25% now if iam not wrong...........wat will happen in future...
 

IBRIS

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Pakistan and Bangladesh both were the part of India prior 1947. They are the world’s second and third most populous Muslim- majority countries but dramatically different from each other. < br/> < strong>****CULTURAL DIFFERENCES- Bangladesh comprises majority of Bengalis where Punjabis are the dominant group in Pakistan.
**** POLITICAL DIFFERENCE- both countries have experienced the heavy involvement of the military in politics, but in the Bangladeshi army withdrew of politics in 1990, and continued to stay out. In Pakistan, where even today, when Pakistan has a civilian prime minister and an elected parliament, the army is universally acknowledged as the country’s political power controller.
**** ECONOMIC DIFFERENCE- Both countries could neither sustain economic growth rates anywhere near its potential, nor come close to meeting its poverty reduction goals. The only difference is Pakistan has produced impressive results at the macro level. But political and economic uncertainties continue to place constraints on Pakistan’s ability to perform up to its potential where Bangladesh’s economic future is clouded primarily by endemic poor governance.
****SOCIAL DEVELOPMENT- Bangladesh has outstripped Pakistan in a number of important areas, including the key area of population growth. The fertility rate in Pakistan as recently as 2000 remained a high 4.7 births/woman, whereas in Bangladesh it had fallen to 3.1 births/ woman. As primary school attendance and participation in the work force – Bangladeshi women are far ahead of their Pakistani counterparts.
"THE BIGGEST DIFFERENCE: THE BANGLADESH DOES NOT HAVE “A KASHMIR”.
 

IBRIS

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1 dollar===68 bangladeshi taka

1 dollar===70+ pakistani rupees

1 Bangladeshi Taka = 1.01 Pakistani Rupees..

Pakistan forex reserves was $ 11.28 billions. these figures have decreased over the months.
Yes, Bangladesh is doing good in most sectors than pakistan.....UN jos, human rights, economy, education,life exp, inflation,developments etc....she is our neighbour...
no worries!!!good luck to Bangladesh...
Cheers
 

IBRIS

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Bangladesh is still not hit hard by the ongoing global economic recession and the economy of the country is stronger in comparison with other countries in the region.
Bangladesh economy of the country was stable and the projected economic growth for the fiscal year 09 would be 4.5-5.5 per cent.

These cyclones/floods/loss of land will increase in the future and cause more problems.
 

leonblack08

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Bangladesh's Forex reserve crossed 8 billion yesterday.Not bad for a country which started everything from scratch after independence.

Bangladesh's Forex Reserve Crosses $8 Billion

http://www.theindependent-bd.com/details.php?nid=137142

Bangladesh is expected to grow at least 6% in 2009-10.

tehran times : Bangladesh economy to grow 6 % in 2009-10

But we suffer from power shortages also.Hopefully the Russians will complete the N-plant quickly so that we get some relief on this sector.Or we can import electricity from Bhutan or India.
 

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