Bangladesh surpassed Pakistan in every sector

DHAKA: Bangladesh has surpassed Pakistan in every area of economic reform as the Bangladeshi Taka is equal to Pakistani 2.66 rupees.

According to the details, Bangladesh has presented a federal budget of $71 billion for the next financial year 2023-24, in which the growth rate target is 7.5% . While the average inflation estimate is 6.5%, while in Pakistan inflation is 21% while the growth rate is 6.5%. The target is expect to remain at 3.5 percent.

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Although Ishaq Dar, the federal minister of finance, has called the default forecasts disgusting, Pakistan is in danger of defaulting. Bangladesh’s foreign exchange reserves for the upcoming fiscal year are less than $31 billion, while Pakistan’s are less than $4 billion.

Worryingly, economists believe that Pakistan’s extremely low foreign exchange reserves of Rs 4 billion are also fictitious because they are made up of loans from friendly nations. Bangladesh exported $52 billion during the fiscal year 2022–21, compared to Pakistan’s $31.78 billion.

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According to the most recent data, Bangladesh will export more than $65 billion over the upcoming fiscal year. Compared to Pakistan’s aim of $38 billion, which has not yet met. Pakistan has already exported $21.5 billion, or 58% of its goal.

In terms of per capita income, Bangladesh is far ahead of Pakistan. $1 makes Rs 287 and BDT 108 (Bangladeshi Taka).