Pakistan's economy better than India's: Bloomberg

Blackwater

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LAHORE: (Web Desk, Dunya News) – Pakistan’s economy has been declared better than India’s in Bloomberg report published on Friday. Pakistan has been included among the Top 10 emerging economies of the world, reported Dunya News.

According to the report published by Bloomberg, economic reforms and good relations with the international monetary organizations gave boost to Pakistan economy. It said that the success is better than India’s.

Report says that the payment of loans’ issue was resolved after Prime Minister Nawaz Sharif took over the government. It said that the construction industry also improved, leading to better ratings for Pakistan by Moody’s and Standards and Poors.

Bloomberg report says that interest rate is at 42-year lowest in Pakistan. It says that Nawaz Sharif government kept the economy afloat despite protests in the country. Pakistan wrote a new chapter in the history of reforms, privatization and economic progress, it says, and has become the best undiscovered investment opportunity of the world for investors with a 232-billion dollars economy.

Report goes on to say that Karachi Stock Exchange (KSE) saw 16% improvement during the last one year and is among the 10 best performing stock markets of the world. It says that progress has been observed in cement, construction and steel sectors. It said that the biggest of companies are trying to double their volume.

Appreciating the government reforms, the report says that a 27% increase was seen in the government expenditure on infrastructure, inflation came down and buying power of Pakistanis increased due to better incomes after Nawaz Sharif government took control in 2013. It says that the current government has also focused on rural progress along with the urban due to which suburban centers are growing fast in the country.

The report also acknowledged China’s support for Pakistan, saying that China once again proved to be Pakistan’s best friend by investing in 45-billion-dollar economic corridor project. Quoting the business circles in Pakistan, the report says that almost all the fields have observed three-time growth which is a clear indicator of economic progress.

http://dunyanews.tv/index.php/en/Pakistan/287451-Pakistans-economy-better-than-Indias-Bloomberg
 

Blackwater

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Pakistan heading towards Greece and they are talking about overtaking India :D
 

Abhijeet Dey

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Bloomberg is a top international news agency based in US. Surely they must have seen some positive inputs from Pakistan economy otherwise why would they waste their time on this?
 

blueblood

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London-based chief economist at Renaissance Capital Ltd Charlie Robertson said of Pakistan.

Renaissance Capital has no "home office", but rather its businesses are run from the markets it serves. Specifically, the firm's offices are in Moscow, Lagos, Nairobi, Johannesburg, Dubai and Istanbul.[2] Renaissance Capital also maintains offices in London, New York and Nicosia.[3]

 

Screambowl

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We are trillion dollars economy .. they are few billions. How is it batter?
 

Simple_Guy

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This is the Bloomberg Report on Pakistan

What the paki media missed out is that the report says that Paki economy was on the brink of failing and it has recovered from that.

India is briefly mentioned, not by Bloomberg, but some London analyst who says: "Pakistan is a reform story like neighboring India’s, but only better." Meaning the pakis have started reforming now (removing government controls and ownership) what India had started in 1991.

And the Paki media claims something else entirely!
 
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avknight1408

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Pakistan economy is $200billion. Many states in India has larger economy than pak. Mumbai alone contribute around 220 billion to our economy. Tamil Nadu produces more electricity than entire pak. There is no comparison.
 

blueblood

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@Screambowl ,@avknight1408

Guys better not bigger and even that is false.

Quoting @Simple_Guy here,

India is briefly mentioned, not by Bloomberg, but some London analyst who says: "Pakistan is a reform story like neighboring India’s, but only better." Meaning the pakis have started reforming now (removing government controls and ownership) what India had started in 1991.
Pakistan right now is in better shape than India was in early 1990s. What was 1991 for us, is 2013 for them.
 

sorcerer

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Bloomberg is a top international news agency based in US. Surely they must have seen some positive inputs from Pakistan economy otherwise why would they waste their time on this?
Bloomberg bloomed another news out of the blues.

The report also acknowledged China’s support for Pakistan, saying that China once again proved to be Pakistan’s best friend by investing in 45-billion-dollar economic corridor project. Quoting the business circles in Pakistan, the report says that almost all the fields have observed three-time growth which is a clear indicator of economic progress.
This itself says that its crap news article. There is a huge difference between what China pledges and what investment is realized from the Chinese side.

May be someone in the bloomberger got an all expense paid trip to RANDI at Pakistan.
 

lcafanboy

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It is like beggar saying to rich men "my financial health is better than you as i Don't owe anything to anyone". But he doesn't realizes that even after all the debts and financial problem of that rich men he will be no where near his financial power.
 

Rashna

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Whenever Pakistan gets compared with India Pakis go wild and forget themselves and read the news to suit themselves. Their misinterpreting the content is nothing strange.
 

anupamsurey

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I suggest posting it in. the ultimate pakistani thread, by the name "failed terrorist state of pakistan; Idiotic musings":crazy::crazy::pound::pound:
 

OneGrimPilgrim

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rNDTV and Times group will now run appreciating reports and documentaries in celebration; these will be 'enhanced' by adding a pinch of their own 'research' as to how in comparison, India's economy has been worsening under the new 'authoritarian regime', just like the situation of the country's 'democratic institutions' & its 'secular fabric'.
 

blueblood

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Then it will take another 30 years and 7-8 CPEC type projects to reach where India is right now. Which will not happen
Well this won't be first time when Porkis indulged in giving hand-jobs to each other over such projects. You have your Thar coal, Reko Diq, Chiniot and many many MANY more wet dreams. Every single one of them promised to make Pakistan the next Singapore.

Over the course of several decades, Paki leaders, civilian and military have discovered a few "Ram baan" solutions to ward off criticism and accountability.

1) Create some kind of disturbance with or within India and you will find millions upon millions of Pakis on the streets with their actual problems being replaced by the "Hindu".

2) Make sure that any international conflict against Muslims get as much coverage as possible and as predicted, morons are on the street.

3) Create these escapists fantasies of Muslim Ummah, "our" golden past, atmi kuwwat, false superiority over India in every single field etc.

4) We are going to be rich because.............

Every single one of them work like a charm. The sheer euphoria you find on Youm-e-Takbeer is unparallelled in this world (not sure about NK).

Now on the actual topic. Pakis don't realize that $46 billion is not a funds transfer in their bank accounts. It is the amount that China will spend in nearly a decade. Looking at the condition of their economy, infrastructure, health and education they will need far far more than the $46 billion.

There are several much larger projects are either under construction or planned in India with little to no public interest because that is how things are supposed to work. Look for DMIC and other corridors. Same goes for Western DFC and Eastern DFC and their effects on the Indian economy.

In conclusion, sit back and enjoy the view of China quietly sodomizing Pak just like Uncle Sam and Saudi Barbaria have done before.
 
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