Alarming: Pakistan’s exports plunge to 4-year low

[Dubious]

I think the problem is not with roads, but wrong order of priorities

Finally!

I think that is what most of us who refer to him as tinda have been repeating! He has his priorities set for where he can get kickbacks irrespective of it being beneficial to Pakistan or not! Heck had he fixed electricity by even micro projects ...had he even made the load shedding less then the manufacturing firms would have some fresh air to breathe....

There was a thread where a textile industry was suffering but noonis ignored that....

there was a thread where textile people were moving countries/ closing their manufacturing and production but noonis were busy with metro....Is this not a showcase of priorities?

I think noonis only did what they are capable of -making roads.....They shouldnt be appointed anything higher than the motorway minister or something....coz they cant do anything more...

 

[FunkyGen]

Now this is funny part, so u are saying that Pakistan economic failure is due to those 126 days .. and plus there is some one to be blamed.. thats amazing way of approach toward one's failure justification.

Nice, you write good posts...

 

[PDF]

It was not supposed to have been this way. After the European Union granted GSP Plus Status to Pakistan, our exports were supposed to have risen sharply, yet instead, Pakistan’s sale of goods to the outside world have gone down by 4.3% during the first half of fiscal 2015. What is happening? What is causing this decline in exports?

There are three possible explanations for the slowdown in exports. The first is that Pakistan’s major export markets – the United States, the European Union, China and the Middle East – are experiencing an economic slowdown. The second is that the energy crisis is causing exporters to struggle to meet the demand from importers. And the third possible explanation is idiosyncratic factors that are not connected to systemic issues.


The first possibility – a slowdown in Pakistan’s export partners’ economic growth – is a double-edged sword. On one hand, it means that the decline in Pakistan’s exports is not the fault of our industries, but on the other hand, it also means that there is nothing to be done but wait for economic conditions in our export markets to improve. So is this happening? A look at the data released by the Pakistan Bureau of Statistics suggests that this is only a partial explanation.

Of the four major regions to which Pakistan exports, two are regions experiencing a slowdown in economic growth: China and the European Union. The data shows a mixed picture. During the period through August 2014 (the latest month for which data by country is available) Pakistan’s exports to the European Union increased by 5.8%, while exports to China declined by 30.8%. The GSP Plus status that Pakistan was granted by the EU clearly seems to be working: despite the slowdown in European economic growth, Pakistan’s exports to the region are rising. Meanwhile, China’s economic torpor is making its presence felt sharply on Pakistani exporters’ financial health.

The explanation favoured by many in the textile lobby is that the energy crisis, particularly in Punjab, has significantly reduced the industry’s production capacity and caused a decline in exports. There is at least some evidence to support this hypothesis. In the five months between July and November 2014 (the latest for which data by commodity group is available), textile exports rose by just under 1% in value. However, a look at the quantity suggests that the picture was far from rosy.

Exports of raw cotton and cotton yarn are down 2% and 1% respectively compared to the same period in the previous year. For cotton cloth, the picture is even worse: export quantities are down 32.6% compared to the same period last year. However, towels, knitwear and bedwear exports are all up both in quantity and dollar value exported, suggesting that those further up the value chain are more immune to energy-related issues than those who produce more basic commoditised products.

The energy crisis is no doubt a severe impediment to several companies, but it hits the relatively inefficient spinning and weaving industries within the textile sector far worse than it affects the composite textile sector. Textile exports are largely flat, mainly due to higher prices this year compared to last, but the data suggests that Pakistani exports could have been much higher had the export mix been more skewed towards value-added products.

The final explanation, meanwhile, is the more complicated one: idiosyncratic changes in the environment in many different industries that happen to be affecting exports. The data does seem to support this hypothesis. Of the four major export categories used by the PBS – food, textiles, petroleum, and other manufactured goods – it is the last category that has seen a sharp 18.4% decline in value of exports, from $2 billion to $1.65 billion.

Jewellery exports have virtually collapsed Leather exports, as well as chemical exports are down substantially, for reasons that have more to do with the specific circumstances in those industries than the broader Pakistani macroeconomy.

In short, the picture on trade – and therefore the policy requirement – is complex. Yes, the government could help a lot by fixing the energy crisis that would let more companies in more industries produce and export and full capacity. But the government would also do well to focus on more industries than just the politically powerful textile lobby.

 

[Providence]

Not standard in a country run by unpar jahil

SOME thing doing a B.com is a big deal and make such creatures PM

Many people who are ministers dont have a degree in their field so dotn be too shocked if simple things happening around the world are not yet a norm in Pakistan

Send your bureaucrats to other countries and help them learn about the SOPs followed in different countries.

 

[Dubious]

Send your bureaucrats to other countries and help them learn about the SOPs followed in different countries.

My bureaucrats? Dude those people arent even educated enough to earn such a respect...They are just nutheads in positions coz someone appointed them not coz they deserved it!

Hence why they dont know any basics coz they never learned it....In Pakistan...esp politics people are appointed based on experience and "safarish" (boot kissing) like in Italy....You dont need a degree or even need to know the regulations....

 

[Providence]

My bureaucrats? Dude those people arent even educated enough to earn such a respect...They are just nutheads in positions coz someone appointed them not coz they deserved it!

Hence why they dont know any basics coz they never learned it....In Pakistan...esp politics people are appointed based on experience and "safarish" (boot kissing) like in Italy....You dont need a degree or even need to know the regulations....

The condition sounds grim. But there's a starting point somewhere ! I suppose people should unite across countryside and whip the leaders unanimously !

 

[Mughal-Prince]

They suck at everything except building infrastructure such as roads.

Of course thats the major requirements to deliver their Sariya to al over Pakistan. Ittefaq ka Sariya sam mandeynay.
Maira bus chalay tau yehi sariya ghuseer don!

 

[Dubious]

The condition sounds grim. But there's a starting point somewhere ! I suppose people should unite across countryside and whip the leaders unanimously !

Ohhh man oohhh man...I have dreams of something similar ...Sadly we lack unity...

EVERYONE wants to split either based on bloody provinces or bloody sects or heck even based on stupid political parties....

I really wish someone could unite these sheep coz that is really what they are....SHEEP blindly following anything that moos

 

[Providence]

Ohhh man oohhh man...I have dreams of something similar ...Sadly we lack unity...

EVERYONE wants to split either based on bloody provinces or bloody sects or heck even based on stupid political parties....

I really wish someone could unite these sheep coz that is really what they are....SHEEP blindly following anything that moos

This might sound idealistic, but in democracy when people start believing in the process and think themselves to be bigger than their leaders is when all leaders falls in line. This applies in any form of it.

 

[WishLivePak]

Kiyun? metro par exports nai baray? SHOCKING!


I have always maintained the tinday bros can very well be the minister for the motorway

Why make them anything more when they are not capable of anything more?


Not standard in a country run by unpar jahil

SOME thing doing a B.com is a big deal and make such creatures PM

Many people who are ministers dont have a degree in their field so dotn be too shocked if simple things happening around the world are not yet a norm in Pakistan


WE want to fix Pakistan not fix 1 road and claim to be "experienced" and bad mouthing other parties when your own is no good....Proof/ evidence is up front waving

You keep picking on inexperienced team but fail to see if an experienced one is failing SOOO badly you should be ashamed to pick on one which is inexperienced

The hell you talking about

 

[Skywalker]

Open the trade routes to your biggest neighbor and see surge in export figures.
If you are keeping your doors closed to 2nd populous market in the world you are obviously missing it big time.

No thanks

 

[RazorMC]

Surprising to see that most PML-N fans haven't been too vocal here. I guess the motorways and metro buses didn't do anything except grant kickbacks to the top leadership.

No thanks

You have no idea how much they love to talk about population as if it's the only factor when someone wants to do business.

 

[Imran Khan]

yaar export on continar of heroin hisab kitaab baraber ho jaay ga

 

[aks18]

CPEC is primarily meant to transport Chinese goods, not Pakistani! This project is of the Chinese, for the Chinese, by the Chinese! Pakistan is just a bit player. But the tragedy will play out when it's pay-back time! Nothing comes free in this world, especially when you're using infra belonging to others!!

so you wana say we couldnt use our own ports for exports of goods ??

 

[[Bregs]]

Read this thread and the comments of members, i feel after achieving peace the wheel of vicious cycle of economy involving imports and exports will start moving with improvements in Roads, Electricity, railways for transporting goods and also to attract FDI which will come only when multiple parameters pf economy starts working