ISLAMABAD: Prime Minister Shaukat Aziz said on Sunday that the government of China and Pakistan agreed to enhance cooperation in conventional and nuclear energy during his recent visit to China.

Briefing journalists on the visit at Prime Minister’s House, Aziz said Pakistan’s energy needs were increasing by 10 to 12 per cent annually due to economic growth and the country was examining options to meet the energy needs. He said nuclear cooperation with China would only be for peaceful use of energy.

Referring to Iran, he said the country had a right to civil and peaceful use of nuclear energy under strict IAEA guidelines. He said Pakistan was against nuclear proliferation and Iran should also avoid it.

The PM said that record growth would be achieved this year with per capita income approaching $950. He said that next year’s per capita income was expected to reach $1,000, finally making the country a middle-income nation. He said bumper crops were expected and rural areas would be developed at a faster rate.

http://www.dailytimes.com.pk/default.asp?p...3-4-2007_pg7_17

is he really messing with us
950 per person and pakistan population probably is 160 million
950*160=152000million ie $152 billion by end of this year. how is it possible. Our current GDP is 135 so how does he works this out

Well 135 was for fiscal year 2005-06 so in next couple of months we will have latest figures. We need another year to break $1000 barrier.

He is talking about the next fiscal year. So basically its June 30 2008 he is talking about. 1 year from now. I think it would be possible for Pakistans economy to reach 150-160 billion mark in a years time.

that means arround 152 billion dollar of GDP....how???.... he must be a magician ...

You do the math .....Current GDP is around 130 ...after this fiscal year it should be around 140 . Next fiscal it should inshallah be around 150.

Well current year hasnt ended and there are still 2 more months to go, my understanding is he is saying our GDP per capita would be 950 by end of this year ie in 2months time and next year it would be 1000. Now how can our GDP per capita be 950 it shud be around 900 based on our growth rate which is approx 7.5% and our GDP from last year. Now if we do calcuation it doesnt make sense. Forexample our GDP per capita is 950 by end of this year ie in two months time and June 2008 our GDP per capita is 1000 which means our growht would only be around 5% which i think is wrong since the predicted GDP growth is 7.5 next year as well so our GDP per capita shud be $1021 end of JUNE 2008 or abt $165 billion. So im bit confused with figures and based on that future calculation doesnt make sense.

Maybe some1 can really clear this up.

These politician never stop amazing me,

Everything is getting expensive and so much inflation. but they come up with the figures that Pakistan is world's #1 country.


Sorry to say all these figures are BOGUS.

Well how do we know you're not BOGUS?

You're a typical complainer who gets nothing into his head apart from bad news. Ever managed to accept the truth that there is massive development taking place in Pakistan? Care to look at Google Earth imagery? Who do you think is making that development possible, your dad? How do you explain the fact that we have no need to take out massive loans anymore? Why do you think IMF, World Bank and Asian Development Bank talk positively of Pakistan's economic progress?

That's right, you're a typical complainer who expects money to fall off trees. Get real and GROW UP!

In the meantime if you put some effort into it, I'd suggest you read up some good news for a change.

Wow MashAllah good progress!!!

But why the heck does this freaking CIA factbook put up this page every time I view facts on Pakistan...
I remember seeing the same page some 2-3 years back...
https://www.cia.gov/cia/publications/factbook/geos/pk.html

Is there anyway to make them update their records???

Was the last base year re-evaluation in 2005. Because now the govt will be re-evaluating base year every three years. So that means 2008 will see more sectors being added into the economy.

They update them often ....... last time updated : This page was last updated on 17 April, 2007

If the increase helps poor people then its good but if it doesnt then no point.

We need to make sure the wealth is equally distributed and the farmers and poor people benifit from economic rise, if rich is getting richer then not fair on poor, poor peoples come first.

Porsche dealer in lahore sold 55 Porsche Cayenne last year and this is good but looks like rich persons is grabing all the money. Landcruiser and Corollas in Pakistan is now very common, the problem is they get jacked if you leave them unattended for more than 30 seconds.

People, I believe the GROSS DOMESTIC PRODUCT is used for several things, not only the per Capita Income. Thus, we shall not consider even half of the GDP used for the per Capita. In other words, the Prime Minister has made a Prime Joke!

GDP per capita is a common way of comparing incomes across countries. it doesn't account for everything like you said but it is the standard measure. he could have a look at the GNP (Gross National Product) per capita but even that would probably have increased as that adds in the income coming in from business abroad.

I totally agree. The wealth should be equally distributed ( at least they should try ), but things are out of control, no mechanism is in place.

Though I don't disagree with your guys' concern for the people's welfare, this is just not going to happen as long as we remain a free market/ capitalist economy. The only way for wealth to be distributed equally is for govt to take away extra wealth of the rich and distribute among the poor, what is a practice in communism.

What should and is necessary in a free market and Islamic country keeping in mind Islamic values that the govt should establish an effective system to take care of basic needs of people so their limited amount of income is not spent just to keep their electricity going or water running and feeding the family.

If our govt was to honestly determine the comfort zone income which takes care of the basic needs of a family and provide grants to poor folks to supplement their income to raise to comfort zone, we wouldn't have poverty and the country's per capita income and standard of living would rise considerably.

The reason we have so much poverty and extreme income inequality because the govt is not properly distributing the right amount of money on people's welfare as its blindly following the western formulaes of capitalist economic system where every man is on its own and the govt is run more like a corporation to minimize its expenses and maximize its revenues.

In terms of GDP or GNP, the govt share has been increasing constantly year on year and is now somewhere near 20% of the GDP. This includes expenditures related to govt's operations and its spending on Public sector development. Education, health and welfare spending are very critical aspect of any govt structure and unfortunately, in our govt, they are ineffecient, inadequate and filled with corruption.

How is it possible that almost every year there is a significant amounty of money left over from the Zakat fund and Public sector development. Last year the amount of money that was allocated for PSDF was Rs. 180 billion but we only spent some Rs. 110 billion. Did the govt ran out of poor folks or was it the incompetent atmosphere of our govt culture that resulted into this. ADB even warned the govt that it will not provide any more funds if the plans are not effectively implemented.

So in my opinion we need to balance capitalist approach with the Islamic approach in running the economy and government in our country. As there is no restriction in Islam for rich to be richer, but there is a compulsion on the govt to fullfill people's basic needs for them to be able to live peaceful life. We have to understand that a poor who is stressed and worried 24/7 just to feed his family is not going to be a productive citizen, and also that spending few billions more on satisfying basic needs of the poor folks is not going to make the govt go bankrupt. As these few billions will have a higher return when the poor folks have less stress and worries about their food and clothing and more energy about starting a business or improving their means of earnings.

Agreed.
"we need to balance capitalist approach with the Islamic approach in running the economy and government in our country".

Let's hope high command listen this.

Per capita income has nothing to do with living standrad. Pleople can manipulate it by manipulating currency and also gdp based on exchange rate can be manipulated by changing the value of currency (artificial way of increasing the outlook), best way to compare is based on ppp lavel. Everybody knows that last few years pakistan chaged size of economy artificially by increasing inflation to 8-12%. WHich is not good way of increasing the economy but manipulating the economy. If anybody cared to read dailytimes or dawn or news international.

huh? some mumbo jumbo you made up.