Imagine, a country of 260 mn people (growing at 2.6% pa) producing just 3.6 mn tonnes of steel, and all of it is scrap based electric arc/induction furnace output, claiming about having a GDP of $450 billion (equal to Malaysia).
View attachment 49303List of countries by steel production - Wikipedia
en.wikipedia.org
This isn't limited to steel, same is the story with every major sector. This is the state of affairs after receiving $40+ bn in remittances, EU's GSP quota, aid and god knows how many IMF bailouts, and still the average pakee is extremely dirt poor while discussing how India is faking GDP and India is poorer than their watan-e-aziz while actually having a GDP of barely ~150-160 bn at best (30 times less than India) and I'm not exaggerating![]()
Electricity base tariff to drop by Rs1.14/unit as govt moves to ease power costs
ISLAMABAD - The federal government is all set to slash the national average base electricity tariff by Rs1.14/unit from the previous Rs32.73/unit
"During the hearing, Power Division officials estimated that national electricity consumption in FY 2025-26 will, however, around 103 billion units, slightly lower than the 106 billion units projected for the current fiscal year."
^Again for a country that is going to touch 266 mn people this year...
Barely a quarter of India's per capita electricity consumption, yet they say India is faking GDP and is much more destitute despite being a largely energy-efficient service sector-centric economy

Don't believe me?
Translates to $2.4 bn after artificially manipulating PKR at 280 for 3 years, ~12 times less per capita than poor Indians, in a country of again, 266 mn biomass that claims services is ~60% of their "GDP". This sector doesn't need much electricity, just like banking and financial services sector, which again I'll update later. Less said about tech and non-tech services, the better.Gross premiums grew by 7 per cent year-on-year, reaching Rs677 billion compared to Rs631 billion in the preceding year.





