Internet Anthropologist Think Tank: Paki score card

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    Thursday, June 12, 2008

    Paki score card

    Gross domestic product (by purchasing power parity) in 2006Image via Wikipedia

    1. Pak Economy in 1999 was: $ 75 billion
    2. Pak Economy in 2007 is: $ 160 billion
    3. GDP Purchasing Power Parity (PPP) in 1999: $ 270 billion
    4. GDP Purchasing Power Parity (PPP) in 2007: $ 475.5 billion
    5. Pak revenue collection 1999: Rs. 305 billion
    6. Pak revenue collection 2007: Rs. 708 billion
    7. Pak Foreign reserves in 1999: $ 700 million
    8. Pak Foreign reserves in 2007: $ 17 billion
    9. Pak Exports in 1999: $ 7.5 billion
    10. Pak Exports in 2007: $ 18.5 billion
    11. Textile Exports in 1999: $ 5.5 billion
    12. Textile Exports in 2007: $ 11.2 billion
    13. KHI stock exchange 1999: $ 5 billion at 700 points
    14. KHI stock exchange 2007: $ 70 billion at 14,000 points
    15. Foreign Direct Investment in 1999: $ 1 billion
    16. Foreign Direct Investment in 2007: $ 8 billion
    17. Debt servicing 1999: 65% of GDP
    18. Debt servicing 2007: 26% of GDP
    19. Poverty level in 1999: 34%
    20. Poverty level in 2007: 24%
    21. Literacy rate in 1999: 45%
    22. Literacy rate in 2007: 53%
    23. Pak Development programs 1999: Rs. 80 billion
    24. Pak Development programs 2007: Rs. 520 billion

    A fair assessment will show that Mr. Musharraf achieved an unexpected economic turnaround for Pakistan’s economy and proved wrong all skeptics who accused Pakistan of being a ‘national security state’ incapable of showing economic potential.

    The events of 2007 and early 2008 have given a blow to Pakistan’s economic growth but nothing earth shattering. The fear is that the disruptive politics of the charge-sheeted PCO Judge Iftikhar Chaudhry, his chief backer Mr. Nawaz Sharif and other failed politicians might result in a fatal blow to Pakistan’s economic rise, which may take years to recover.

    By AHMEDQURAISHI.COM

    Friday, 13 June 2008.

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