Pakistan Economic Indicators

STATE BANK OF PAKISTAN	BOARD OF INVESTMENT,GOV OF PAKISTAN

The official document of State Bank reveals our dead level reserves status in 1999 with a IMF Loans and Pakistan was on the verge of default and it was one of the major reason for going with USA after 9/11.Despite the heavy import bills, Trade deficit was not the worry in Shaukat Aziz tenure and that was due to heavy demand against very fast growth rate.We had survived the surging period of oil prices in 2007 which was traded upto around 150 USD/Barrel.Privatization process had suffered after the controversy of Steel Mill deal and great extend of capital flight was occured soon after the formation of PPP led coalition government.In Shaukat Aziz era Real Estate,Auto Mobile,Banking and Telecommunication sectors made a remarkable progress and Stock Exchange had showen the true reflection of economic barometer by reaching around16000/index and we had attained record level of exports.Shaukat Tareen had not seen any problem with economy when he was having great business with UNION Bank and associated with the acquisition of a 95.37 per cent interest in Union Bank by Standard Chartered PLC in September 2006 through its subsidiary company, Standard Chartered Bank (Pakistan) Limited. The amount paid was US$487 million, in cash and now at KSE, Standard Chartered Bank stock share has depreciated heavily and now trading around at Rs.10/share from Rs.60/share .He sound so ridiculous that exchange rate were artificially manipulated for around 9 year's however discount rate had gone up to 15% from 9% , GDP has come down to around 2 from 7 and Pak Rupee has already depreciated to 40% in his period.Trickle down effect does not mean the beggar become the king but difference is now being observed by lower class. If you are having handsom earning than high standard of life could be maintained and one could expand more otherwise penny becomes million and then cutting down a inflation rate under such circumtances is nothing but just a mockery.