Islamabad (Khalid Mustafa) Bangladesh left in the back of Pakistan in every quarter of the economy. Bangladesh has supplied a federal budget of 71 billion bucks for the fiscal year 2023-24, in which the increase fee goal is 7.5 percent and the average inflation is anticipated at 6. five percent. Is.
Bangladesh has approximately $31 billion in reserves at the beginning of the brand new monetary 12 months, whilst Pakistan’s foreign exchange reserves are below $four billion and are nevertheless made of borrowed money from friendly international locations.
almost 52 years after its separation from Pakistan, inside the monetary year 2021-22, Bangladesh’s exports have reached fifty-two billion greenbacks, even as within the same period, Pakistan’s exports are limited to the simplest 31. seventy eight billion dollars. in the modern-day monetary year, Bangladesh has set an export target of 67 billion greenbacks and these days economic records show that Bangladesh will attain a goal of greater than $65 billion, while Pakistan’s export target for economic year 2023 changed to $38 billion.
The data for the 9 months of the current financial year shows that Pakistan has so far been able to provide only 21.5 billion dollars in exports and services, which is much less than the target. From October 2022, the decline in Pakistani exports continues and is expected. That it will not even cover the level of 30 billion dollars.
During the fiscal year 2023, the per capita income in Bangladesh was about 2675 dollars, while it was estimated at 1568 dollars in Pakistan for the same period.
According to the info, Bangladesh has advanced in every area of the economic system, and the way its miles shifting in the direction of similar improvement and increasing its GDP. whilst the state of affairs in Pakistan is the alternative, the statistics show that Bangladesh has made proud progress in each region of the financial system. As far as the Indian economic system is involved, it is also taken into consideration as one of the quickest-growing economies. in case you have a look at the statistics, there may be no comparison between Pakistan’s financial system and India’s.
the size of the Indian financial system is 37 trillion 80 billion dollars, wherein the growth rate is 6.9%, at the same time as India’s overseas reserves are 584 billion bucks and exports are 676 billion dollars. the preceding East Pakistan has provided its rate variety under the problem count number of “smart Bangladesh”. a hundred% digital economic machine, technological bdd5b54adb3c84011c7516ef3ab47e54, and generation, paperless and cashless society factors are distinguished. it’s miles probable that the Pakistani government will gift a price range of 146.6 trillion.
Within the present-day financial year 2022-23, Pakistan’s GDP boom is predicted at 0.299 percent. The finance minister of Bangladesh says that the authorities will spend money on mega tasks. The sales are envisioned at 50 trillion. A massive sum of 27.8 trillion takas has been allotted to the annual improvement software for rural improvement and educational sectors.
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