Pakistan Economy: News & Discussion

ladder

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have to ask someone from BD i guess?

i too have some questions. if they are not spending on cars and bikes, what are the BD citizens spending on?
Their 2 wheelers are restricted to 165cc engine displacement. Only recently Chinese and Chinese owned brands have entered. Till that time Indian brands and BD branded Chinese units had monopoly.
But rural market is probably dominated by smuggled Indian bikes that get stolen in India and which makes its way through porus borders to BD. Those won't get counted in any statistics.
 

FalconSlayers

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have to ask someone from BD i guess?

i too have some questions. if they are not spending on cars and bikes, what are the BD citizens spending on?
BD is a very highly population density nation and area wise is a small country, they hardly require cars as there is less space and mostly there are tuktuks and manual rickshaws, Dhaka looks like the only place where people use vehicles in huge numbers.
 

ladder

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Their 2 wheelers are restricted to 165cc engine displacement. Only recently Chinese and Chinese owned brands have entered. Till that time Indian brands and BD branded Chinese units had monopoly.
But rural market is probably dominated by smuggled Indian bikes that get stolen in India and which makes its way through porus borders to BD. Those won't get counted in any statistics.
Car market is dominated by used Japanese imports. Bangladeshi agents bid online for refurbished and reconditioned cars in Japanese auction houses.
Import cost and duties are very high. So Cars are limited to upper middle class and higher.
Till recently road conditions outside Dhaka was pathetic and frequently obstructed by Ro-Ro ferry crossing across numerous rivers.
But Hashina govt. has made positive impact on all of the above points.
 

ezsasa

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was checking numbers between Pak & BD.
stating the obvious here, pak is a badly managed economy, but has much more potential than BD because of inherent economic complexity and geography.

Cash in Banking system BD - 14.8 trillion BDT
Cash in Banking System PK - 20.9 trillion PKR.

Remittances - Pak - 2020 - 23 billion $
Remittances - BD - 2020 - 21 billion $

Exports - Pak - 2020 - 22.5 billion $
Exports - BD - 2020 - 33.6 billion $

Imports - Pak - 2020 - 43.6 billion $
Imports - BD - 2020 - 46.2 billion $

GDP - Pak - 2021 - 294 billion $
GDP - BD - 2021 - 365 billion $

GDP - Pak - 2021 - 13.7 trillion PKR
GDP - BD - 2020 - 11.6 trillion BDT
 

RoaringTigerHiddenDragon

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was checking numbers between Pak & BD.
stating the obvious here, pak is a badly managed economy, but has much more potential than BD because of inherent economic complexity and geography.

Cash in Banking system BD - 14.8 trillion BDT
Cash in Banking System PK - 20.9 trillion PKR.

Remittances - Pak - 2020 - 23 billion $
Remittances - BD - 2020 - 21 billion $

Exports - Pak - 2020 - 22.5 billion $
Exports - BD - 2020 - 33.6 billion $

Imports - Pak - 2020 - 43.6 billion $
Imports - BD - 2020 - 46.2 billion $

GDP - Pak - 2021 - 294 billion $
GDP - BD - 2021 - 365 billion $

GDP - Pak - 2021 - 13.7 trillion PKR
GDP - BD - 2020 - 11.6 trillion BDT
The best metric, IMO, to go by is per capita power consumption. This metric cannot be manipulated and is closely associated with relative strengths of nations.
If you look at the source below, we consume 2 times per capita than Pakistan and slightly more than 2 times of Bangladesh. This is why Bangladesh's GDP and per capita numbers are bogus as they do not measure up against per capita electricvity consumption which cannot be manipulated or subject to currency measurements. You cannot have a per capita GDP closer to India's but have a per capita power consumption half that of India's. I would think Pakistan and Bangladesh are at similar levels and both their per capita income should be half that of India's.
Another sad thing is our per capita consumption by itself is abysmally low. China's is 4.5x times ours. And we are below world average even. We need to increase this metric as overall economic well being is a lot related to per capita energy consumption, which powers almost all modern facilities.
Another surprise is South Korea which is way ahead of China and even Japan. Interesting.
Also, if you look at statewide per capita in India - Maharashtra actually lags behind a lot of states. This is why I doubt Maharashtra's GDP as well. Gujarat and Goa are the only states that have nearly 2400 per capita, at the respectable level of Brazil. Kerala sucks at a lowly 826 per capita and lags quite behind all its neighboring states.

per-capita-power-consume.png
 
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t 90s

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The best metric, IMO, to go by is per capita power consumption. This metric cannot be manipulated and is closely associated with relative strengths of nations.
If you look at the source below, we consume 2 times per capita than Pakistan and slightly more than 2 times of Bangladesh. This is why Bangladesh's GDP and per capita numbers are bogus as they do not measure up against per capita electricvity consumption which cannot be manipulated or subject to currency measurements. You cannot have a per capita GDP closer to India's but have a per capita power consumption half that of India's. I would think Pakistan and Bangladesh are at similar levels and both their per capita income should be half that of India's.
Another sad thing is our per capita consumption by itself is abysmally low. China's is 4.5x times ours. And we are below world average even. We need to increase this metric as overall economic well being is a lot related to per capita energy consumption, which powers almost all modern facilities.
Another surprise is South Korea which is way ahead of China and even Japan. Interesting.

View attachment 94016
this is the wrong way of looking at it. Per capita electricity consumption doesn't mean average household in India is consuming more than 2 time or three times. Much higher proportion of this power goes into industries in india.
 

Lonewolf

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this is the wrong way of looking at it. Per capita electricity consumption doesn't mean average household in India is consuming more than 2 time or three times. Much higher proportion of this power goes into industries in india.
Either he meant it per capita power consumption us proportional to economic activities ,otherwise it don't.count much
 

liuqi10

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The China under the brush of Huayong is false, don’t be a tool of his malevolence. What is Chine like indeed? Welcome the friends from all over the world to check it out! Huayong is the cancer of the hopeful life in China! #Huayong#
 

Lonewolf

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The China under the brush of Huayong is false, don’t be a tool of his malevolence. What is Chine like indeed? Welcome the friends from all over the world to check it out! Huayong is the cancer of the hopeful life in China! #Huayong#
Ccp bot @ezsasa @Indx TechStyle ,i think we got a wumao here
 

Marliii

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The China under the brush of Huayong is false, don’t be a tool of his malevolence. What is Chine like indeed? Welcome the friends from all over the world to check it out! Huayong is the cancer of the hopeful life in China! #Huayong#
Key word for triggering the bot "PORK "
 

RoaringTigerHiddenDragon

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Either he meant it per capita power consumption us proportional to economic activities ,otherwise it don't.count much
First thing to note is this is not per capita production but per capita consumption. Per capita consumption includes industry and services for sure. Industry and services are the jobs that pay decent wages. So, yes, per capita electricity consumption is a good proxy for overall well being of a nation. You can look at how high the per capita power consumption by developed nations are - a reason why lifestyles are very comfortable over there, and there is higher efficiency due to automation. Our consumption overall is abysmal (we are the lowest in BRICS) and we need to at least exceed Brazil quickly. Gujarat and Goa have done it. The rest can do it. Maharashtra lagging behind a lot of states is quite a surprise. I always thought MH was an industrial powerhouse. It has gone down real quick. GJ , Goa, a few southern states + Punjab/Haryana are the industrial powerhouses, actually.
 

Lonewolf

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First thing to note is this is not per capita production but per capita consumption. Per capita consumption includes industry and services for sure. Industry and services are the jobs that pay decent wages. So, yes, per capita electricity consumption is a good proxy for overall well being of a nation. You can look at how high the per capita power consumption by developed nations are - a reason why lifestyles are very comfortable over there, and there is higher efficiency due to automation. Our consumption overall is abysmal (we are the lowest in BRICS) and we need to at least exceed Brazil quickly. Gujarat and Goa have done it. The rest can do it. Maharashtra lagging behind a lot of states is quite a surprise. I always thought MH was an industrial powerhouse. It has gone down real quick. GJ , Goa, a few southern states + Punjab/Haryana are the industrial powerhouses, actually.
Punjab ,is just textile hub not too much industry ,if i remember it
 

RoaringTigerHiddenDragon

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FalconSlayers

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Which is like $50-55 billion dollars, much less than UP’s $75-80 billion budget and UP does not have to pay for defense. Such is the gap. UP though must look at how to get its budget to $200 billion a year( which would mean UP’s GDP needs to be around $1 trillion) . For a population of 200 million, $70-80 billion is too small.
1 Trillion is a far away dream, currently not possible, and Pakistan is doomed already hence we should stop comparing.
 

FalconSlayers

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No state will be 1 trillion before 2030 .


Well pak economy is unpredictable ,it may grow in future , cpec will benefit somewhat
CPEC will not benefit Pakistan, with CPEC Pakistan occupied Kashmir and China are connected because of which Pakistani markets will be flooded with Chinese goods as currently there are no local industries that can even minutely compete chinese companies, so Pakistan will become a dumping ground for chinese goods, same goes for Turkey-Iran-Pakistan trilateral railway as Turkey enjoys unprecedented Soft Power in Pakistan so Made in Turkey will be as good as Made in Pakistan for a Pakistani, so Pakistan will become a dumping ground for Turkish products as well. Plus the Loans CPEC throws at them is a bigger headache.

Pakistan has no future tech adoption or infra plans nor it has the money to fund it. Pakistan’s economy has stagnated and can be revived only with huge domestic private investments which again is very unlikely, the
most valued Pakistani startup is Zameen.com at just a mere 29 million dollars, lol. Just compare that to India, we are a startup hub. Else Pakistan will need huge FDI to come out of stagnation but that too is highly unlikely as Pakistan is in FATF’s Advanced Grey List which makes foreign investment in Pakistan very very difficult for investors. And FDI is attracted by market size, socio-economic status of population, Infrastructure etc, all of them are very poor in Pakistan compared to us. And when you highlight such issues they’ll spam you with “hey cow piss drinking èndian, your GDP is -7.3% look at yourself, our economy is fine and will overtake êndian economy with CPEC, you don’t have oxygen, your bodies floating in rivers” and all that BS... not knowing that the drop in India’s GDP is temporary and will grow exponentially as we focussed not on bilateral corridors like CPEC but domestic like DMIC, on National Infrastructure Pipeline, Startups, Technology, ease of doing business, startups, etc. I’m not saying we are doing great and are at par with other nations in the above fields, but certainly we are doing very well and we will continue to do so.
 

stew98

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Hit them hard, where it's heart. This gonna have serious consequence for Terroristan economy. This is much better tactics than action at LOC. Our Subsidized export is hurting Terroristan exports. If we get GI tag for Basmati in Europe, would be even better.

India’s ‘rice flooding’ hurts Pakistani exports

LAHORE: Subsidised Indian rice is damaging Pakistan’s exports and the government must take up the issue with the World Trade Organisation (WTO) against New Delhi for “jeopardising international food security in violation of its rules,” a representative of local rice traders said on Thursday.
 

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