Asim Jabar
Politcal Worker (100+ posts)
Bangladesh wasnt subsidizing imports and consumption
Bangladesh did'nt devalue their currency since 5 years still export shot up
- Thread starter Doom1111
- Start date
Asim Jabar
Politcal Worker (100+ posts)
Actually bangladesh economy is well managed as they focused on exports and kept political turmoil on the low by basically banning opposition
Basically Bangladesh is dictatorship just like in India in 8 years.
That is why i prefer a person who even Mafia is afraid off not like Imran Khan even Usman Buzdar does not take him seriously let alone Mafia.
Asim Jabar
Politcal Worker (100+ posts)
Bangladesh is much much worse
In Bangladesh kids got picked up for criticizing Sheikh Hasina
It's market based exchange rate policy which has devalued PKR. The policy of artificially keeping dollar undervalued against rupee is unsustainable and unwise decision, so how is government supposed to keep rupee appreciated as you suggest? For good part of their tenure pmln kept dollar around 105 but in last 5 months of their tenure, they couldn't despite their so much desire to, because it was no longer possible.
Over the decades corrupt rulers and establishment have corrupted the society as a whole, that's their worst crime, more so than the billions they have laundered abroad. Same is the case with our business man. They want to make huge money in local market through tax evasion, cartelization and manipulation. They cannot compete with the world in exports with current mindset where they want to maximise profits but don't want to spend on research and development, quality control, modern machinery and equipment, quality raw material to make a high quality finsished product at competitive rates. Others lack exposure and are too lethargic to take risks and search for overseas markets/buyers. Jo thoray say hain bhi for them regional input costs specially energy costs are so high that they cannot compete.
Since a long time Pakistan is in a debt trap and ain't coming out of it soon. Bangladesh fdi is amongst the lowest in Asia, their workers remittance of $24.78 bn in Fy21 was lower to Pakistan remittance of $29.4 bn in corresponding year. Pakistans CDA of $2.97bn and $1.85bn in Fy 2020 and Fy 2021 respectively was also comparatively better to that of bangalesh CDA of $4.72bn and $3.81 bn in fy20 and fy21 respectively. Where they have an edge and are much more stable economy to ours is their external/foreign debt is $49.46 billion and their foreign exchange reserves are around $48 bn. Our external debt is $122 bn with reserves of $27 bn ($20 bn state Banks reserves), hence the stability in their dollar rate over the years. Since 2000, more so since 2004 regional countries have increased their exports many a folds whereas we have been left far behind. Will take some time to search numbers again but those interested can do so on their own.
Over the decades corrupt rulers and establishment have corrupted the society as a whole, that's their worst crime, more so than the billions they have laundered abroad. Same is the case with our business man. They want to make huge money in local market through tax evasion, cartelization and manipulation. They cannot compete with the world in exports with current mindset where they want to maximise profits but don't want to spend on research and development, quality control, modern machinery and equipment, quality raw material to make a high quality finsished product at competitive rates. Others lack exposure and are too lethargic to take risks and search for overseas markets/buyers. Jo thoray say hain bhi for them regional input costs specially energy costs are so high that they cannot compete.
Since a long time Pakistan is in a debt trap and ain't coming out of it soon. Bangladesh fdi is amongst the lowest in Asia, their workers remittance of $24.78 bn in Fy21 was lower to Pakistan remittance of $29.4 bn in corresponding year. Pakistans CDA of $2.97bn and $1.85bn in Fy 2020 and Fy 2021 respectively was also comparatively better to that of bangalesh CDA of $4.72bn and $3.81 bn in fy20 and fy21 respectively. Where they have an edge and are much more stable economy to ours is their external/foreign debt is $49.46 billion and their foreign exchange reserves are around $48 bn. Our external debt is $122 bn with reserves of $27 bn ($20 bn state Banks reserves), hence the stability in their dollar rate over the years. Since 2000, more so since 2004 regional countries have increased their exports many a folds whereas we have been left far behind. Will take some time to search numbers again but those interested can do so on their own.
Brother get some info about Bangladesh. I am following them long ago. How and why they got business. They get all as a charity. NGO setup factories to eradicate poverty. Bangalies were poor and still are poor. They are not independent like Pakistan. Believe me Bangladesh jaisi economy se bhook achi hai.
Do you know about ikea model. companies groom when do business with ikea even margin is low but when ikea take back contract company fall because it only depends on ikea for its progress.
