Bangladesh
Bangladesh Bangladesh surpasses Pakistan in all indicators
Dhaka, 18 June 2023: After the Corona epidemic, the world economy has stopped due to the Russia-Ukraine war.
In this regard, small economies are facing the biggest problem.
Bangladesh, Pakistan and Sri Lanka can be said in South Asia.
Sri Lanka went bankrupt due to severe economic crisis. Pakistan is also a pioneer of this path. The country has failed in all economic indicators. To get rid of the crisis, the world is going from door to door to the donor agencies but is not getting the desired response.
However, Bangladesh has been able to maintain stability in terms of economy by bypassing various crises and uncertainties. The economic success of the country is being praised in the world. There are various recognitions.
A review of various recent statistics shows that the economy of Bangladesh is in a stronger position than that of Pakistan.
Such as foreign exchange reserves. Due to the turbulent economic situation, the dollar crisis has become evident in Pakistan.
In such a situation, the country's currency is gradually weakening against the US dollar. Pakistan's foreign exchange reserves fell by $206 million to $9.7 billion in the week ending May 19 this year. On the other hand, Bangladesh has a foreign exchange reserve of around 30 billion dollars.
The Pakistani rupee is also weakening against the US dollar. Last Thursday (June 17) trading saw one dollar equal 287.43 Pakistani rupees. On the other hand, against the dollar, the rupee has a value of 108.16 taka. At the same time, the value of the Bangladeshi rupee is higher than the Pakistani rupee. One Bangladeshi Taka is now equal to 2.66 Pakistani Rupees.
According to Asian Development Bank data, Pakistan's GDP growth was 5.7 percent in 2021 and 6 percent in 2022. But according to the organization's forecast, Pakistan's GDP growth in 2023 will be 0.7 percent.
Meanwhile, the Asian Development Bank has mentioned that the economy of Bangladesh is doing relatively well despite the slowdown of the world economy.
According to their website, the growth of Bangladesh in 2021 was 6.9 percent. In 2022, it was 7.1 percent. In 2023 this rate may be 5.3 percent. In 2024, which may increase to 6.5 percent.
