The need for external assistance looms large in Ayub’s approach to foreign policy. He has made it clear that Pakistan relies for a major portion of its required aid, economic as well as military, on the US, that as an ally it should have a special right to such aid, and that the aid it has received to date has not fulfilled its expectations
Special National Intelligence Estimate - July 5, 1961.At the core of Pakistan’s development problem are the country’s limited resources. Much of the land is desert, mountains, and jungle. Some useful minerals have been discovered, but with the exception of natural gas, their exploitation has lagged. The large population (93 million) is generally unskilled with a high percentage of illiteracy. The living standard is as low as that in any major country in Asia. Until recently, economic development has had a low priority and relatively little has been done to mobilize such resources as are available. The military force imposes a substantial burden on the country. Pakistan does, however, have two valuable, if not always dependable, cash crops (cotton and jute) and the potential at least for a substantial increase in agricultural production.
Economic sized does play a role in conventional balance of power. But here TSP is getting away with cheap jehadis and have a nuclear safety umbrella. Next big threat from TSP may be Pakistanis trying to migrate to India, for a better life.Deans wrote:Some ways to look at Pak's GDP/ Stock market cap etc.
There are individual Indian companies worth more than the value of all Pak listed companies (not just Reliance, but even TCS or HDFC ).
Individual Indian states will soon have GDP more than Pakistan's (like Gujarat in 2 years). B'desh GDP already higher than Pak.
Soon, India's GDP may grow each year by the size of Pak.
Delhi NCR consumes more power than the whole of Pak.
What happened to Bakistan's nuclear safe umbrella during Balakot? USSR was in a big nuclear safe umbrella!Rishirishi wrote:Economic sized does play a role in conventional balance of power. But here TSP is getting away with cheap jehadis and have a nuclear safety umbrella. Next big threat from TSP may be Pakistanis trying to migrate to India, for a better life.
Video links are not workingPrem wrote:Paki agriculture production dropping now . GDP growth will be 1.2% but IMHO, soon will be negative.
End game begin this year of 2020
This is already true for at least one state - Maharashtra - and probably UP.Deans wrote:Some ways to look at Pak's GDP/ Stock market cap etc.
There are individual Indian companies worth more than the value of all Pak listed companies (not just Reliance, but even TCS or HDFC ).
Individual Indian states will soon have GDP more than Pakistan's (like Gujarat in 2 years). B'desh GDP already higher than Pak.
Already true for some years.Deans wrote:Soon, India's GDP may grow each year by the size of Pak.
India also ADDS more power installed capacity each year than all of TSP installed capacity.Deans wrote:Delhi NCR consumes more power than the whole of Pak.
Rishirishi wrote:Economic sized does play a role in conventional balance of power. But here TSP is getting away with cheap jehadis and have a nuclear safety umbrella. Next big threat from TSP may be Pakistanis trying to migrate to India, for a better life.Deans wrote:Some ways to look at Pak's GDP/ Stock market cap etc.
There are individual Indian companies worth more than the value of all Pak listed companies (not just Reliance, but even TCS or HDFC ).
Individual Indian states will soon have GDP more than Pakistan's (like Gujarat in 2 years). B'desh GDP already higher than Pak.
Soon, India's GDP may grow each year by the size of Pak.
Delhi NCR consumes more power than the whole of Pak.
They probably contracted to buy oil at the price prevailing last year, when Saudi and UAE agreed to extend them emergency loans (to be repaid against Oil purchases). Also, their currency is depreciating, so they might pay the same in Pak Rs as before.saip wrote:Oil prices dropping to $30 may give some relief to pakis. Damn.
Population grows at over 2% p.a (official rate), so 1.2% increase in GDP is a negative per capita growth.Prem wrote:Paki agriculture production dropping now . GDP growth will be 1.2% but IMHO, soon will be negative.
End game begin this year of 2020
Low oil prices means tens of thousands of porkis returning back from Gulf, so lower remittances. Also no free oil or oil on deferred payments terms and no aid money from GCC.Deans wrote:They probably contracted to buy oil at the price prevailing last year, when Saudi and UAE agreed to extend them emergency loans (to be repaid against Oil purchases). Also, their currency is depreciating, so they might pay the same in Pak Rs as before.saip wrote:Oil prices dropping to $30 may give some relief to pakis. Damn.
Per pakistani economist Ashfaq Hassan, pakistan needs minumum 6% GDP growth to ensure jobs for two million abduls and ayeshas joining the labor force every year. So lower growth every year means the number of unwashed yahoos keep on increasingDeans wrote:Population grows at over 2% p.a (official rate), so 1.2% increase in GDP is a negative per capita growth.Prem wrote:Paki agriculture production dropping now . GDP growth will be 1.2% but IMHO, soon will be negative.
End game begin this year of 2020
That is exacerbated by the top 1% (33% of GDP) growing at double the national rate (say 2.4%), leaving the balance 99% sharing the remaining
0.6% growth (or minus 1.5% per capita p.a)
saip wrote:Ayeshas do not join the work force. That way Pakis are lucky.
Even through in minor numbers there are Ayeshas in big cities in Porkistan graduating. If they dont get a job it will discourage the parents not to educate them. Good to regress the society further.saip wrote:Ayeshas do not join the work force. That way Pakis are lucky.
They are going to Sugarland to marry and work in their own unique way. And that is hard work. I can not elaborate as children people (bacche log) may be reading the forum.kit wrote:they do have a job.. keep the population growingsaip wrote:Ayeshas do not join the work force. That way Pakis are lucky.
It is already happening. What do you think the empty boats in harami nala bring?disha wrote:Bakistanis migrating to India is a real danger. And hence the protests against CAA and future NPR/NRC/UCC. The nuclear bomb Bakistan has is its useless population. They are better diverted towards Qatar or Turkey or Iran and towards Cheen than over to India.
many of them move out on UK/Canada/US liberal unis claiming asian M women from a repressed society fighting mores of society in their SOPs claiming their liberal badge of honors.Vips wrote:Even through in minor numbers there are Ayeshas in big cities in Porkistan graduating. If they dont get a job it will discourage the parents not to educate them. Good to regress the society further.saip wrote:Ayeshas do not join the work force. That way Pakis are lucky.
Slightly tangential note - lower income within Pakistan educationVips wrote: For the middle class parents to see the their ayeshas not getting jobs will skew them to not send their daughters to college/universities.
there are a lot of pakis at the turkey greece border waiting to push through to the EU, plenty more in italy and spain too.K Mehta wrote:It is already happening. What do you think the empty boats in harami nala bring?disha wrote:Bakistanis migrating to India is a real danger. And hence the protests against CAA and future NPR/NRC/UCC. The nuclear bomb Bakistan has is its useless population. They are better diverted towards Qatar or Turkey or Iran and towards Cheen than over to India.
Pak herrows were not farmers. They were luteras.Prem wrote:
) )I would prefer that they spend money to keep their currency artificially high. Further depreciation may make their exports more competitive.Aditya_V wrote:I think the Pakistani Rupee has been punching above its weight for 1 year now, a 25% depreciation in the Pakistani rupee Vs USD and 5% appreciation in the Indian Rupee Vs USD is long overdue.
Mnuchin says IMF and World Bank funds won't repay debts to China
ReutersMarch 12, 2020, 4:25 AM CDT
Treasury Secretary Steve Mnuchin speaks at a news briefing
Treasury Secretary Steve Mnuchin speaks at a news briefing
WASHINGTON (Reuters) - The U.S. Treasury is working with the International Monetary Fund and the World Bank to gain full transparency of countries' debts from China's Belt and Road infrastructure initiative and ensure that funds from the institutions are not used to repay China, Treasury Secretary Steven Mnuchin said on Wednesday.
"We think this is critically important," Mnuchin told a hearing of the U.S. House of Representatives Appropriations Committee. "We're not ever going to be using money from these international organizations to pay back China."
Some countries saddled by debt from Belt and Road Projects, such as Pakistan, have turned to the IMF for assistance. Pakistan entered a $6 billion loan program with the Fund in July 2019.
At a regular news conference in Beijing on Thursday, China's Foreign Ministry spokesman Geng Shuang responded to questioning about Mnuchin's comments by saying international financial institutions were not "political tools" and had assessed the Belt and Road initiative positively.
(Reporting by David Lawder; Additional reporting by Gabriel Crossley in Beijing; Editing by Kevin Liffey)
Since the grant of GSP Plus in 2014, Pakistan’s exports to the European Union have enhanced from 4.538 billion euros in 2013 to 7.492 billion euros in 2019, registering an increase of 65 percent.
On the economic front, Pakistan was a significant beneficiary of the benefits availed by 9 GSP Plus beneficiary countries. Besides Pakistan, other beneficiaries of GSP Plus include Armenia, Bolivia, Cape Verde, Kyrgyzstan, Mongolia, Philippines and Sri Lanka. Out of total export of 6.739 billion euro of Pakistan to EU in 2018, our exports worth 5.885 billion euro availed tariff concessions.
