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| RUPEE NEWS | October 9th, 2008 | Moin Ansari | معین آنصآرّی | اخبار روپیہ |

Despite all the trials and tribulations the growth rate of the Pakistani economy remains 3.5%. GDP growth may fall to 3.5pc next year: IMF By Mubarak Zeb KhanISLAMABAD, Oct 9: Pakistan’s economic growth rate may slip to 3.5 per cent in 2009 as countries in South Asia are not totally immune to the financial crisis in the US and its subsequent fallout, International Monetary Fund data suggest.
Pakistan’s Gross Domestic Product (GDP) is likely to decline to 5.8 per cent this year and to 3.5 per cent next year, said the IMF World Economic Outlook 2008 released ahead of annual meetings of the IMF and the World Bank.
Pakistan recorded a GDP growth of 6.9 per cent in 2006 and 6.4 per cent in 2007.
The GDP rate in South Asia is estimated at 7.6 per cent this year and 6.4 per cent in 2009. The rate was 8.7 per cent in 2007.
Weakening external demand is likely to weigh on exports, but in some cases the impact may be mitigated by still-loose macroeconomic policies and currency depreciation.
“Investment will also moderate, mainly because of deteriorating export prospects. Consumption will ease because of still-high fuel and food prices, although subsidies, which are common in the region, may cushion the impact on purchasing power,” the report said.
The growth rate for 2009 is projected at 6.9 per cent in India, 5.6 per cent in Bangladesh, 5.7 per cent in Bhutan, 5.5 per cent in Nepal and 5.1 per cent in Sri Lanka.
Inflation for 2009 in Pakistan is projected at 23 per cent as against 12 per cent recorded last year.
The average inflation for 2009 in South Asia is projected at 8.8 per cent.
The inflation in India will be 6.7 per cent followed by 10 per cent in Bangladesh.
“Capital flows to some countries have become more volatile, particularly to those running sizable external deficits. Their currencies have come under pressure prompting central banks to intervene in support are India, Pakistan and Vietnam.
“A number of currencies in Africa and South and East Asia (for example, India, Korea, Pakistan, and South Africa) have depreciated over a longer period, in part owing to rising costs of commodity imports and widening current account deficits,” the IMF added.
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| RUPEE NEWS | October 9th, 2008 | Moin Ansari | معین آنصآرّی | اخبار روپیہ |
Pakistani-Americans ask Obama to ease rhetoric about bombing targets in Pakistan.
Filed under: Current Affairs, Pak CA, Politics | Tagged: Pakistani growth rate 5.8%




















Out of the various strategies employed by the Modern Orientalists is to exaggerate the problem, scare the people, list unrelated points, and join the dots in a manner that it serves their purpose of creates a rationale for their thesis or action items.









The Aqua Wars
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British defeat at Battle of Maiwand
Islamabad
Resurrecting the Pakistan-Afghanistan Confederation
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Iran Pakistan Pipeline











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Force is all-conquering, but its victories are short-lived. ~Abraham Lincoln In 1821









2009: On August 15, India’s independence day, Lal Chowk, the nerve centre of Srinagar, was taken over by thousands of people who hoisted the Pakistani flag and wished each other “happy belated independence day”:-- Arundhati Roy
(Pakistan celebrates independence on August 14)

Modi & Hindu fundamentalist Modi in “India” funded by US Gujaratis
Governor Bobby Jindal is financed by Indian American Hotel Association and he supports the IAHA which funds Modi
Indian Hotel Association hosts Modi after US denied him a visa 





“We should have nothing to do with conquest.“ In Thomas Jefferson 1791
The PPPP emptied the treasury in 6 months!

Mr. Modi the Chief Minister was implicated in these riots--supported by Indian Hotel Owners Association in America--the same group that supports Gov. Bobby Jindal


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Laden's secure mountain hideout?
