$ 3B increase in exports in first 6 months of FY 2021-2022 versus FY 2020-2021- PTV

[HammerHead081]

This is export of goods AND services. The above increase of $ 3 Billion is only goods. This year's target is 31 Billion goods + 8 Billion services = Total 39 Billion of exports.

Yeah 2020 was when covid struck in case you are living under a rock!

This year as in 2022? If yes then what was our total exports for 2021 then?

 

[xuxu1457]

Pakistan's exports have great potential, and there is great potential in agricultural textiles and other areas. I have read an article and translated part of it.

In the field of olive oil, Spain is a well-deserved "kingdom of olive oil", producing about 1.6 million tons of oil a year, accounting for 50 per cent of the world's total. In China, as the country with the fastest growth in olive oil consumption in recent years, 95% of the oil products come from EU countries, of which Spain accounts for 80%.
Pakistan, one of the major producers of olive oil in Asia, is also focused on the huge consumer market of China. "Spain has only 2.6 million hectares, but it supplies nearly half of the world's olive oil. There are 4.4 million hectares of land in Pakistan that are suitable for development, and these are all opportunities. " Ali Salman believes.
There are about 40 million wild olive trees in Bakap province, which can be grafted into edible olive trees. This requires a huge amount of investment from the Pakistani government or private enterprises. How should Chinese enterprises participate? Atif Hanif, a Pakistani olive expert, said Chinese companies could work with landowners to "build up an overall industrial chain and play a huge role".

China imports 54000 tons of olive oil a year, worth US 200million $. this kind of import and export looks like a small amount, but it is far more advantageous than exporting US $2 billion mobile phones. Take a look at Vietnam, import and export is much larger than GDP, in fact, only some wages and taxes left
Pakistan consumes more than one kilogram of tea per capita per year, but very little tea is grown locally. A large amount of tea is imported from Southeast Asia and Africa. Last year alone, Pakistan imported nearly 600 million US dollars of tea. Mohamed Khursheed believes that expanding tea cultivation and sales in Pakistan can not only reduce foreign exchange pressure and create jobs in Pakistan, but also slow soil erosion. "growing tea is very beneficial to our ecological environment, which is the same as the concept of development in China."
China and Pakistan have also set up a tea cooperation center to carry out tea research and cultivation. "over the years, we have continued to receive support from China in the areas of technology, investment and trade." Mohamed Khursheed looks forward to making full use of the opportunities of the China-Pakistan Economic Corridor in the future to further deepen cooperation in the field of tea cultivation and processing between China and Pakistan.

Production technology and the level of science and technology also restrict Pakistan's food processing industry, more than one Pakistani industry insiders publicly called on the Pakistani government to increase agricultural investment and introduce more agricultural science and technology. Take honey as an example. Iqrar Ahmad Khan, former president of Pakistan's Faisalabad Agricultural University, expressed his helplessness: "We all know that honey is a huge market, but we don't have extraction equipment and ordinary bee farmers can't afford it."
Even if it is produced, it may not be able to sell. Pakistani President L-Arif Arvi has said that Pakistan has the potential to become one of the largest honey producers. Shah Farman, governor of Bakap Province, proudly introduced Cape honey to Chinese honey manufacturers: "our honey has two characteristics: low sugar content and low freezing point, even at minus 3 degrees Celsius, it is liquid."
However, due to quarantine problems, such high-quality honey cannot be directly exported to Europe and the United States. instead, it has to be licensed in the Middle East and then sold to Europe and the United States. Pakistan exported 6.351 million US dollars of natural honey from July to November 2020, according to the National Bank of Pakistan. Behind the figures is a huge loss of profits. "We sell honey for $20 or $25 per kilogram, while other countries package our honey and sell it for $100." Dr. Mohamed-Azm-Khan (Muhammad Azeem Khan), president of the Pakistan Agricultural Research Council, said.

 

[Skywalker]

Public opinion


1-Not enough we need atleast 50b$
2-And all of this is due to covid as bengaldesh and india are still closed
3-Exports dont matter rupee is falling
4-Poor and middle class dont eat exports

And the classics

5- whats the benefit of exports (why not just buy a machine & print dollars) gdp matters
6-Had it been my leader we would have done much better

oh bus kerday yaar

 

[ziaulislam]

Pakistan’s total exports are almost $19 Billion. Exact figures are yet to be released for Dec. it was $15B in November .

View attachment 805479



Our export growth is faster than Bangladesh. We expect to beat them in 3 years time.

Nope bengaldesh has all the infrastruture and market
It will takes decades to grab any share back

If pakistan is to beat bengaldesh it has to be services/IT or if china starts giving up its share as it moves up

oh bus kerday yaar

Jee sir

 

[Rafael]

This year as in 2022? If yes then what was our total exports for 2021 then?

Yes 2021-2022.

Last year was 25 Billion goods and 6 billion in services if I am not wrong.

 

[HammerHead081]

Yes 2021-2022.

Last year was 25 Billion goods and 6 billion in services if I am not wrong.

Any source for that? Because that is USD 31 billion and being our highest export number since forever.

 

[Pakistan Ka Beta]

This is export of goods AND services. The above increase of $ 3 Billion is only goods. This year's target is 31 Billion goods + 8 Billion services = Total 39 Billion of exports.

Yeah 2020 was when covid struck in case you are living under a rock!

[/QUOTE]

This could have been better if we had managed our energy problems and imports a little better

We have to import almost 60-70% of our gas consumption. Add oil (petrol, diesel, kerosine etc and crude) to that too. Plus vaccines. This make major portion of the imports along imports of machinery. None of this can be replaced or sourced locally. We are stuck with imports. As we keep improving our economy and industry, our energy requirement will keep increasing meaning more imports. This is something that we can't ignore. But consistency in positive trends is all that matters.

Great news. Domestic energy production must also be increased. Thar coal, Hydro, Solar, and shale gas/oil......only then will imports not be an issue.

Give it some time ......We are moving in the right direction. It takes times to course correct and for new policies to start showing results.
If this trend continues we should be able to achieve $40B exports this fiscal year. Merchandise exports do not reflect services exports and need to be added on top of this figure. We should be close to $19 figure once total export figures are released.

 

[Flight of falcon]

Nope bengaldesh has all the infrastruture and market
It will takes decades to grab any share back

If pakistan is to beat bengaldesh it has to be services/IT or if china starts giving up its share as it moves up

Jee sir
View attachment 805527

sorry I am not doing to do calculations for you. Please do simple math … look at the growth rate and merchandise / service type. See what happens .

 

[Rafael]

Any source for that? Because that is USD 31 billion and being our highest export number since forever.

Pakistan records highest export of goods in FY21

* Monthly figures for June 2021 also register record * Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood congratulates exporters

www.brecorder.com

Pakistan's exports of goods recorded their highest level of $25.3 billion during the fiscal year 2020-21, higher than the $25.11 billion recorded in 2013-14, informed Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood.

Further, the export of services during FY 2021 is estimated to be $5.9 billion. Hence, the cumulative exports of goods and services during FY 2021 is likely to cross $31 billion, said Dawood.

 

[Patriot forever]

These people are making clowns out of us

Pakistan Exports 1960-2024

Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial...

www.macrotrends.net

See Pakistan export history for yourself, they still haven't surpassed Pakistan's export peak of USD 30 billion and exports actually decreased massively in 2020 compared to 2019.

This figure is just goods. It will be almost $39b aggregate this year.

Our IT exports alone will be $2.5b in service exports.

 

[Gorgin Khan]

View attachment 805478
My leader did great 2013 to 2017

Sheep dont have leaders , they have Shepherds . Be a very good sheep.....Hope Sheru / his replacement is doing the job well.....

 

[Patriot forever]

The point is we need to work harder to get out of this arm twisting. That's what Pakistan major worry was when Biden took office.

Saudi loan was delayed due to American pressure.

The IMF bailout package was deliberately made harder on American pressure, especially after August ( Afghanistan).

Both FATF and IMF are used as a tool. The next battle ground is economics and cyber warfare. We are in an extreme geo political tangle.

 

[khail007]

If pakistan is to beat bengaldesh it has to be services/IT or if china starts giving up its share as it moves up

Sir G, in brief, to achieve the slot only thing is we as Pakistanis have to work with all available resources. Waiting for ambitious resources will not take us to any place. We could take China and Bangladesh as an example.

 

[ziaulislam]

Sir G, in brief, to achieve the slot only thing is we as Pakistanis have to work with all available resources. Waiting for ambitious resources will not take us to any place. We could take China and Bangladesh as an example.

And that it takes a day to demolish the export industry and years of confidence measuring to attract investment which in turn takes 5-10yrs to build and produce

Neither PMLN nor PTI give confidence to exporters as exporters arnt sure if this or nxt givt will pull the plug again

Textile and low level manfacturing cant survive the electricity prices of pakistan that we are locked in

Though the govt was able to renegotiate the LNG powet plant as givt owns them

 

[hydrabadi_arab]

This figure is just goods. It will be almost $39b aggregate this year.

Our IT exports alone will be $2.5b in service exports.

And Bangladesh likely $55 billion exports including services. Pakistan could have gotten to that figure if N league didn't **** up. Anyway that wouldn't have meant we will not beg to IMF, Saudis etc Because thats not about $$ but fiscal discipline which we lack. This year Pakistan will receive $70-72b in exports, remittances and FDI. Yet we are still begging. Meanwhile N league at best got like $50b.

We will continue to beg till we keep paying for useless government employes from military to federal/provincial governments. Keep funding steel mills, PIA etc Keep encouraging imports to show GDP growth, like Tareen just did in last 6 months.

Thats not all, Pakistan pay much higher interest rate on debts because no one trust us. 2030 is make or break for Pakistan.