Pakistan's Economy

[opinion786]

Economic comparison 1999 and 2008

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Pak Economy in 1999 was: $ 75 billion (Source)
Pak Economy in 2007 is: $ 160 billion (Source) and (Source)
Pak Economy in 2008 is: $ 170 billion


GDP Purchasing Power Parity (PPP) in 1999: $ 270 billion (Source)
GDP Purchasing Power Parity (PPP) in 2007: $ 475.5 billion (Source)
GDP Purchasing Power Parity (PPP) in 2008: $ 504.3 billion (Source)


GDP per Capita Income in 1999: $ 450 (Source)
GDP per Capita Income in 2007: $ 926 (Source)
GDP per Capita Income in 2008: $1085 (Source)


Pak revenue collection 1999: Rs. 305 billion (Source)
Pak revenue collection 2007: Rs. 708 billion (Source) and (Source)
Pak revenue collection 2008: Rs. 990 billion (Source)


Pak Foreign reserves in 1999: $ 700 million (Source)
Pak Foreign reserves in 2007: $ 16.4 billion (Source) and (Source)
Pak Foreign reserves in 2008: $ 8.89 billion (Source)


Pak Exports in 1999: $ 8 billion (Source)
Pak Exports in 2007: $ 18.5 billion (Source)


Textile Exports in 1999: $ 5.5 billion
Textile Exports in 2007: $ 11.2 billion (Source)


KHI stock exchange 1999: $ 5 billion at 700 points
KHI stock exchange 2007: $ 75 billion at 14,000 points (Source)
KHI stock exchange 2008: $ 46 billion at 9,300 points (Source)


Foreign Investment in 1999: $ 301 million (Source)
Foreign Investment in 2007: $ 8.4 billion (Source)


Debt servicing 1999: 65% of GDP (Source) and (Source)
Debt servicing 2007: 28% of GDP (Source) and (Source)
Debt servicing 2008: 27% of GDP (Source)


Poverty level in 1999: 34% (Source) and (Source)
Poverty level in 2007: 24% (Source) and (Source)


Literacy rate in 1999: 45% (Source)
Literacy rate in 2007: 53% (Source)


Pak Development programs 1999: Rs. 80 billion (Source)
Pak Development programs 2007: Rs. 520 billion (Source)
Pak Development programs 2008: Rs. 549.7 billion (Source)

©Our leader - Musharraf

[opinion786]

Overall Economy under Musharraf of Pakistan

http://presidentmusharraf.wordpress.com/


1. Pakistan economy was the 3rd fastest growing economy after China & India in 2006.

2. Pakistan in 1999 was an economy of $75 billion and now in 2006 it is a $160 billion economy. [Source].

3. Under Musharraf’s vision: 9 world class Engineering universities being developed. [Source. Project halted due to Political uncertainty]

4. Private sector institutions have increased from 36,096 (in 1999) to become 81,103 (in 2006). (Source)

5. Pakistan is the 3rd best in world Banking profitability. [Source].

6. Pakistan IT industry now values around $2.8 billion, including $1.4 billion of IT exports. [Source] and [Source].

7. Around 80,000 direct jobs & 500,000 indirect jobs have been created by the Telecom sector alone. [Source].

8. Industrial Parks are being setup throughout the country for the very first time. [Source & this & this].

9. Major Mega projects like the Saindak, Rekodiq, Marble production, Coal production and Mining & Quarrying are being pursued. [Source].

10. GDP growth is now 6%. Earlier it was 3.5%.

11. Foreign Reserves from $1 billion to $17 billion. (Source)

12. Karachi stock market: rose from 700 points to 13,000 points. [Source].

13. Literacy rate has improved by 11%. [Source].

14. Poverty levels have decreased by 10%. [Source].

15. 3 dams have been constructed: Mirani, Subakzai, Gomalzam dams. [See this, this, and this. (Kurram Tangi Dam)].

16. 6 Motorways completed or under construction: M1, M3, M8, M9, M10, M11. [Source].

17. Six major highways under construction. [Source].

18. GWADAR advance Mega Sea port developed under Musharraf’s vision. [Source].

19. Historic 100% increase in Tax collection of $11 billion. [Source & this].

20. Large scale manufacturing is 30 year high. [Source].

21. Construction activity is 17 years high.

22. Newly found World class copper- gold deposits in Chagai will fetch around $600 million per year.

23. A new Oil refinery with UAE will fetch $5 billion & will process 300,000 oil barrels a day. [Source].

24. CNG sector has attracted over $70 billion investment in last 5 years. [Source].

25. Industrial sector registered 26% growth. [Source].

For detailed Information see - Musharraf Era: Pakistan Flourishes

©Our leader - Musharraf
http://presidentmusharraf.wordpress.com/