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Pakistan Economy is the World's Third Fastest Growing Among Top 25 Economies

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Pakistan is now the world's third fastest growing economy among the world's top 25 economies with PPP GDP of over one trillion US dollars, according to  the International Monetary Fund (IMF). IMF has recently raised the country's 2018 growth forecast to 5.6%.
Pakistan 3rd Fastest Among Top 25: 

Spectator Index has ranked India first with 7.3% growth, followed by China (6.5%), Pakistan (5.6%), Indonesia (5.3%) and Turkey (3.7%) among the world's 25 largest economies in terms of PPP GDP.

Earlier in October 2017, the International Monetary Fund (IMF) forecast Pakistan's economy to grow at 6.3% CAGR over 2017-2022.

World Bank: 

The World Bank sees Pakistan's GDP to grow 5.5% in current fiscal year 2017-18 ending in June 2018, a full percentage point faster than the 4.5% average GDP growth for Emerging and Developing Economies (EMDEs) that include Argentina, Brazil, China, India, Nigeria and Russia among others. However, Pakistan economic growth continues to lag growth…

World Bank: Pakistan Outperforming Emerging Economies Average

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The World Bank sees Pakistan's GDP to grow 5.5% in current fiscal year 2017-18 ending in June 2018, a full percentage point faster than the 4.5% average GDP growth for Emerging and Developing Economies (EMDEs) that include Argentina, Brazil, China, India, Nigeria and Russia among others. However, Pakistan economic growth continues to lag growth forecast for regional economies of India and Bangladesh. The report also highlights the issue to growing trade deficit and current account gap that could lead to yet another balance of payments crisis for Pakistan requiring another IMF bailout.

Pakistan GDP Growth: 

Here's an excerpt of the January 2018 World Bank report titled "Global Economic Prospects" as it relates to Pakistan:

"In Pakistan, growth continued to accelerate in FY2016/17 (July-June) to 5.3 percent, somewhat below the government’s target of 5.7 percent as industrial sector growth was slower than expected. Activity was strong in construction and services, a…

CPEC is Transforming The Least Developed Parts of Pakistan

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In a New York Times Op Ed titled "How Not to Engage With Pakistan",  ex US Ambassador to Pakistan Richard G. Olson says "Its (CPEC's) magnitude and its transformation of parts of Pakistan dwarf anything the United States has ever undertaken".  Olson goes on to warn the Trump Administration that "Without Pakistani cooperation, our (US) army in Afghanistan risks becoming a beached whale".

Among the parts of Pakistan being transformed by China Pakistan Economic Corridor (CPEC) are some of the least developed regions in Balochistan and Sindh, specifically Gwadar and Thar Desert. Here is more on these regions:

Gwadar Port City:

Gwadar is booming. It's being called the next Shenzhen by some and the next Hong Kong by others as an emerging new port city in the region to rival Dubai. Land prices in Gwadar are skyrocketing, according to media reports. Gwadar Airport air traffic growth of 73% was the fastest of all airports in Pakistan where overall air traff…

India's Ex Intelligence Officers Blame Kulbhushan Jadhav For Getting Caught in Pakistan

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India's former RAW officers, including one ex chief, have blamed Indian spy Kulbhushan Jadhav, arrested by Pakistan in 2016, for getting caught in Pakistan as a "result of unprofessionalism", according to a report in India's "The Quint" owned and operated by a joint venture of Bloomberg News and Quintillion Media. The report that appeared briefly on The Quint website has since been removed, apparently under pressure from the Indian government.

The Quint Story:

The story quotes a former RAW chief as saying that the “proposal to recruit Jadhav for operations, whatever it’s worth, was ridiculous.”  However, the report said that "(Jadhav's) recruitment was approved by a joint secretary as the supervisory officer.  The RAW has a special unit which also undertakes parallel operations in certain crucial target countries for which it seeks out its own recruits".

Several experienced RAW hands told the Quint that the usual practice is to “have a Baloch o…

General Petraeus Rejects Trump's Charges of "Lies and Deceit" Against Pakistan

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General David Petraeus, former CIA director and commander and US Forces in Afghanistan, has rejected  President Donald Trump's charges of "lies and deceit" against Pakistan.  He did so back in late 2016. Here's a brief excerpt of what he said:

"I looked very very hard then (as US commander in Afghanistan) and again as CIA director at the nature of the relationship between the various (militant) groups in FATA and Baluchistan and the Pakistan Army and the ISI and I was never convinced of what certain journalists have alleged (about ISI support of militant groups in FATA).... I have talked to them (journalists) asked them what their sources are and I have not been able to come to grips with that based on what I know from these different positions (as US commander and CIA director)".

Here's a short video clip of it:

https://youtu.be/01ghm5V3Wn4





Here's a longer blog post I wrote about it back in November, 2016 after Petraeus spoke at the Royal United Se…

Ex US Defense Secretary Robert Gates on Pakistan's "Lies and Deceit"

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President Donald Trump's first new year tweet in 2018 accused Pakistan of "nothing but lies and deceit". This is not new.  Back in 2011, then Secretary of Defense Robert Gates in a US Senate Hearing was asked by Senator Patrick Leahy about Pakistan's "lies" to the United States.

Here's how the exchange went:

SENATOR PATRICK LEAHY: How long do we support governments that lie to us? When do we say enough is enough?

SEC ROBERT GATES: Well, first of all, I would say, based on 27 years in CIA and four and a half years in this job, most governments lie to each other. That's the way business gets done.

LEAHY: Do they also arrest the people that help us when they say they're allies?

GATES: Sometimes.

LEAHY: Not often.

GATES: And -- and sometimes they send people to spy on us, and they're our close allies. So...

LEAHY: And we give aid to them.

GATES: ... that's the real world that we deal with.


Is the United States always truthful with all its allies? Is…

Per Capita Income in "Failed State" of Pakistan Up 22% in 2012-2017

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Per capita income in Pakistan, often described as a "failed state",  grew 22% from 2012 to 2017, according to data from international sources. This is remarkable given major security challenges and particularly bad press the country has had to deal with during this period.  Also remarkable is the fact that the share of income of the poorest 20% has grown faster than other economies in Asia.


Per Capita Incomes in Large Economies:

China PPP per capita income grew the fastest at 48%, followed by India 43%, Turkey 32%, Indonesia 23%, Pakistan 22%, United Kingdom, United States and Japan 15%,  Germany and Canada 13%, France 11%, Saudi Arabia 10%, Greece 9.5%, Russia and Italy 8%,  Nigeria 7.5% and Brazil 0%.

In the 5 year period 2001 to 2006 prior to the outbreak of the current wave of terrorism, Pakistan per capita income grew 36%, much faster than the 22% in the last 5 years. This is indicative of Pakistan's potential for faster economic growth if the security situation cont…