Pakistan Media on Bangladesh Economy Latest | Imran khan angry on Bangladesh Development
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- Опубліковано 3 жов 2024
- #bengalreaction #PakMediaOnIndia #PakMediaOnBangladesh #PakMediaOnIndiaLatest
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BANGLADESH is not some Scandinavian heaven. It is poor and overpopulated, undereducated and corrupt, frequented by natural catastrophes, experiences occasional terrorism, and the farcical nature of its democracy was exposed in the December 2018 elections. But the earlier caricature of a country on life support disappeared years ago. Today, some economists say it shall be the next Asian tiger. Its growth rate last year (7.8 per cent) put it at par with India (8.0pc) and well above Pakistan (5.8pc). The debt per capita for Bangladesh ($434) is less than half that for Pakistan ($974), and its foreign exchange reserves ($32 billion) are four times Pakistan’s ($8bn).
Much of this growth owes to exports which zoomed from zero in 1971 to $35.8bn in 2018 (Pakistan’s is $24.8bn). Bangladesh produces no cotton but, to the chagrin of Pakistan’s pampered textile industry, it has eaten savagely into its market share. The IMF calculates Bangladesh’s economy growing from $180bn presently to $322bn by 2021. This means that the average Bangladeshi today is almost as wealthy as the average Pakistani and, if the rupee depreciates further, will be technically wealthier by 2020.
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Good hope for Bangladesh and our beloved prime minister Sheikh Hasina Wazed.