As Pakistan trade deficit highest ever in a month our FM and Federal cabinet has decided to further reduce tariff of cars on 1000 CC cars.

[AZ1]

typical PTI troll post

jumping in threads, insulting members , talk gibberish ,

( and having no knowledge ofc )


heck , i can post 50 links from here and there
----------------------

this forum is a gutter thanks to you lot !


meray bhai

PTI walas scream on top of their voices and remind us about our reserves daily

yet they conveniently forget that nearly 50 % of our 'reseesrves' are liabilities ( aka borrowed money with lien)

Then why don't you share it? Ppl here should take your words rather than the source? Show pti guys what you have.

I don't understand you, you buy dollar in 158 rupees hoping and praying that dollar will go to roof top so that you can get benefit from this PTI govt and you probably have made more money than you made in pmln time and at the same time you cursing this govt day and night strange.

 

[Mav3rick]

Thank you for correction better to back it with source. let say it's $18 billion deficit left by pmln and pti manage to bring this down to $3 billion that is not a plus point than what is?

‘PML-N responsible for $20b deficit’ | The Express Tribune

SAPM says $800m turnover possible due to concessions given by PTI govt

tribune.com.pk

In what world is the deficit down to USD 3.0 Billion? When trade started the current year, we are already down to a deficit exceeding expectations and the revision predict 10+ Billion in deficit. And that is with an expected growth of 4% which is unrealistic by all accounts:

Trade gap widens to $7.33bln in July-August

2013 PAK reserves $24B 13.5B
2018 PAK Reserves $9B 19B
Could you please let us know the exact foreign reserve by Aug 2018 when PTi govt came in. Because it was continuously depleting that time in millions every week even when PTI came it kept on depleting every week that's why Imran khan rush to saudia, china etc.

Pakistan | Foreign Reserve | CEIC

Discover data on Foreign Reserve in Pakistan. Explore expert forecasts and historical data on economic indicators across 195+ countries.

www.ceicdata.com

Again, you are mistaken, and again I choose my words carefully giving you the benefit of the doubt. It was Asad Umar's mistake not to go to IMF as soon as he took oath of FM as Ishaq Dar had done when he took the oath of FM since all that Saudi and UAE did was 'park' funds with SBP; something which were only for show.

Now that we have cleared whose mistake it was that Imran Khan had to run all around for no good reason, I believe we can move on to the fact that we were talking about PML tenure and not about the care taker Government. I posted figures of the PML Government:

2013 PAK External Debt $58B 64B

Pakistan's debt policy has brought us to the brink. Another five years of the same is unsustainable

PTI has been dealt a tough hand but we can't afford to see the party fail.

www.dawn.com

Let me know what you see in

You may variance of 2-4 Billion on account of unreconciled accounts, receivables etc., which various sources consider and compile differently.

2018 PAK External Debt $92B

2018 Current account deficit $20B 18B

‘PML-N responsible for $20b deficit’ | The Express Tribune

SAPM says $800m turnover possible due to concessions given by PTI govt

tribune.com.pk

There are SAPM and PTI mouths and then there are 3rd parties, which would be more reliable in political environment?

Pakistan’s current account deficit peaks at $17.99b
Govt gets $33b in foreign loans

Please do post comparison of remittances, exports

I was hoping you would do that, as you were the one who initiated the details and comparisons of everything but the cost of commodities when all I requested was an update on the cost of commodities compared with the PTI Government with figures in the image you shared.

 

[AZ1]

In what world is the deficit down to USD 3.0 Billion? When trade started the current year, we are already down to a deficit exceeding expectations and the revision predict 10+ Billion in deficit. And that is with an expected growth of 4% which is unrealistic by all accounts:

Trade gap widens to $7.33bln in July-August

We were down to $3 billion from $20 billion which was left by pmln then went up so wait for the last figure by 2022

Current account deficit shrinks a whopping 73pc to under $3 billion, economic survey reveals

Govt warns fiscal deficit could rise to 9.2pc of GDP by end of fiscal year when impact of govt expenditures on Covid relief sets in.

www.dawn.com

I was hoping you would do that, as you were the one who initiated the details and comparisons of everything but the cost of commodities when all I requested was an update on the cost of commodities compared with the PTI Government with figures in the image you shared.

Thank you for your effort.

 

[blueazure]

I don't understand you, you buy dollar in 158 rupees hoping and praying that dollar will go to roof top so that you can get benefit from this PTI govt......

buying dollars at 158 to preserve the wealth and value of my PKR -- ???

please tell me where it says that buying dollars to hedge value is illegal ?

 

[Mav3rick]

We were down to $3 billion from $20 billion which was left by pmln then went up so wait for the last figure by 2022

Current account deficit shrinks a whopping 73pc to under $3 billion, economic survey reveals

Govt warns fiscal deficit could rise to 9.2pc of GDP by end of fiscal year when impact of govt expenditures on Covid relief sets in.

www.dawn.com

You were speaking about last year, when all year around the harping was about CAS which plummeted by 3 Billion by the end of an year in which almost ALL of your debt servicing was suspended and imports on a halt? Kind of dubious, isn't it? I am beginning to wonder whether you are genuinely so ill-informed or are purposefully being dishonest. Again, I will choose to believe the former and consider that you did not have the entire picture.

 

[AZ1]

You were speaking about last year, when all year around the harping was about CAS which plummeted by 3 Billion by the end of an year in which almost ALL of your debt servicing was suspended and imports on a halt? Kind of dubious, isn't it? I am beginning to wonder whether you are genuinely so ill-informed or are purposefully being dishonest. Again, I will choose to believe the former and consider that you did not have the entire picture.

Check above post either you don't want to see or blind to see. I always said that they bring down deficit from $20 billion to down and now it's increasing again and if with this speed they will be $18 billion deficit which will be better than what was by pmln left.

Second you haven't come up with source for your figures which you corrected me even I provided you with source.

So it's fine. You keep living in your whatever knowledge you think you have and others don't. We will see in 2022.

We will talk further once yuo post export and remittance differences. I am not going to spoon feed you thanks for your time and effort.

please tell me where it says that buying dollars to hedge value is illegal ?

You care about legal or illegal? being non filer is legal or illegal? so whatever suits you is fine with you no matter its legal or not.

Looto bhai country ko ziyada paisa banao aur at the same time galiyan nikaltey raho govt ko.

Na shukri ka level hi kuch aur hai.

 

[blueazure]

You care about legal or illegal? being non filer is legal or illegal? so whatever suits you is fine with you no matter its legal or not.

Looto bhai country ko ziyada paisa banao aur at the same time galiyan nikaltey raho govt ko.

Na shukri ka level hi kuch aur hai.

Is buying dollars akin to looting the country?

I asked a simple question.... Is buying dollars now illegal?

 

[HAIDER]

Petrol is so expensive now .. what's the point of reducing tariff ..

 

[Mav3rick]

Check above post either you don't want to see or blind to see. I always said that they bring down deficit from $20 billion to down and now it's increasing again and if with this speed they will be $18 billion deficit which will be better than what was by pmln left.

Second you haven't come up with source for your figures which you corrected me even I provided you with source.

So it's fine. You keep living in your whatever knowledge you think you have and others don't. We will see in 2022.

I am beginning to understand why it is pointless to explain simple economics to some of you on the forum, and in general. I mean if someone is unable to understand the fact that:

1) imports under the previous regime were at an average in the first 3 years (with the 3 preceding years) and only increased substantially in the last 2 years because of heavy import of CPEC related items in addition to our regular imports; imports increase when gigantic projects are initiated and CPEC is touted as a game changer in the coming years.
2) disparity in import vs export is not a serious issue as long as it's for a small period & the power to service the debt grow at parity or better, especially through other sources and
3) investment is made in export oriented initiatives and requirements.
4) Rs. 1,980 Billion CAD under PML (USD 18 Billion as of 2018 June) would still be better than Rs. 3,000-3,600 Billion CAD under PTI (USD 18 Billion)!

PML left Pakistan with an additional estimated PKR 3,100 Billion (USD 28 Billion) in debt whereas under PTI our debt is already PKR 5,200 Billion (USD 31 Billion) and growing. At the same time, PML left us with a GDP of USD 318 Billion whereas under PTI we have grown to a massive 280 Billion GDP; an actual decline!!! By which economic or common sense is the current regime performing better? All this when PTI has absolute support of the establishment and any dissent/opposition is crushed swiftly, whether on the streets, in the parliament or on media whereas PML spent 5 years combating the Establishment, Judiciary, NAB, Media, War on Terror, APS, Dharna politics etc. I rue the missed opportunities in the 5 year tenure of PML which could have performed even better if it had similar support from the establishment & judiciary.

The Trading Economics Website has all the stats that you need.

We will talk further once yuo post export and remittance differences. I am not going to spoon feed you thanks for your time and effort.

You brought up the topics so the onus is you to bring up stats.

 

[AZ1]

I am beginning to understand why it is pointless to explain simple economics to some of you on the forum, and in general. I mean if someone is unable to understand the fact that:

1) imports under the previous regime were at an average in the first 3 years (with the 3 preceding years) and only increased substantially in the last 2 years because of heavy import of CPEC related items in addition to our regular imports; imports increase when gigantic projects are initiated and CPEC is touted as a game changer in the coming years.
2) disparity in import vs export is not a serious issue as long as it's for a small period & the power to service the debt grow at parity or better, especially through other sources and
3) investment is made in export oriented initiatives and requirements.
4) Rs. 1,980 Billion CAD under PML (USD 18 Billion as of 2018 June) would still be better than Rs. 3,000-3,600 Billion CAD under PTI (USD 18 Billion)!

PML left Pakistan with an additional estimated PKR 3,100 Billion (USD 28 Billion) in debt whereas under PTI our debt is already PKR 5,200 Billion (USD 31 Billion) and growing. At the same time, PML left us with a GDP of USD 318 Billion whereas under PTI we have grown to a massive 280 Billion GDP; an actual decline!!! By which economic or common sense is the current regime performing better? All this when PTI has absolute support of the establishment and any dissent/opposition is crushed swiftly, whether on the streets, in the parliament or on media whereas PML spent 5 years combating the Establishment, Judiciary, NAB, Media, War on Terror, APS, Dharna politics etc. I rue the missed opportunities in the 5 year tenure of PML which could have performed even better if it had similar support from the establishment & judiciary.

View attachment 779029

The Trading Economics Website has all the stats that you need.



You brought up the topics so the onus is you to bring up stats.

This us our reserves by now.

I know we have record high remittance as well but this should give you the picture.

Pakistan receives record $29.4 billion remittances in 2021

Pakistan received record $29.4 billion remittances during the financial year 2020-21 as non-resident Pakistanis continued to send over $2 billion foreign e..

www.khaleejtimes.com

You need to wait till 2022 to have the end result.

 

[Mav3rick]

This us our reserves by now.
View attachment 779091
View attachment 779092

I know we have record high remittance as well but this should give you the picture.

Pakistan receives record $29.4 billion remittances in 2021

Pakistan received record $29.4 billion remittances during the financial year 2020-21 as non-resident Pakistanis continued to send over $2 billion foreign e..

www.khaleejtimes.com

You need to wait till 2022 to have the end result.

This is what we were discussing and you decided to run from all of it and focus on 1 point which is meaningless in the, now made miserable, lives of the Common Pakistani!

Check above post either you don't want to see or blind to see. I always said that they bring down deficit from $20 billion to down and now it's increasing again and if with this speed they will be $18 billion deficit which will be better than what was by pmln left.

Second you haven't come up with source for your figures which you corrected me even I provided you with source.

So it's fine. You keep living in your whatever knowledge you think you have and others don't. We will see in 2022.

I am beginning to understand why it is pointless to explain simple economics to some of you on the forum, and in general. I mean if someone is unable to understand the fact that:

1) imports under the previous regime were at an average in the first 3 years (with the 3 preceding years) and only increased substantially in the last 2 years because of heavy import of CPEC related items in addition to our regular imports; imports increase when gigantic projects are initiated and CPEC is touted as a game changer in the coming years.
2) disparity in import vs export is not a serious issue as long as it's for a small period & the power to service the debt grow at parity or better, especially through other sources and
3) investment is made in export oriented initiatives and requirements.
4) Rs. 1,980 Billion CAD under PML (USD 18 Billion as of 2018 June) would still be better than Rs. 3,000-3,600 Billion CAD under PTI (USD 18 Billion)!

PML left Pakistan with an additional estimated PKR 3,100 Billion (USD 28 Billion) in debt whereas under PTI our debt is already PKR 5,200 Billion (USD 31 Billion) and growing. At the same time, PML left us with a GDP of USD 318 Billion whereas under PTI we have grown to a massive 280 Billion GDP; an actual decline!!! By which economic or common sense is the current regime performing better? All this when PTI has absolute support of the establishment and any dissent/opposition is crushed swiftly, whether on the streets, in the parliament or on media whereas PML spent 5 years combating the Establishment, Judiciary, NAB, Media, War on Terror, APS, Dharna politics etc. I rue the missed opportunities in the 5 year tenure of PML which could have performed even better if it had similar support from the establishment & judiciary.

View attachment 779029

The Trading Economics Website has all the stats that you need.