August 2021 import crosses even June import number 6.35 Billion Dollar.

[Desprado]

https://twitter.com/x/status/1433271268900581377

Devaluation beyond a certain point makes exports uncompetitive, too, since most of our exports rely on raw material imports. If the currency keeps devaluating, these inputs also become expensive, thereby making the exportable merchandise uncompetitive.

There are some donkey in this forum that they do not understand this.

It is better for Pakistan and sake of Pakistan to get defaulted in 2018 mid rather than Bringing this market base currency. Imran Khan is curse for Pakistan Finance.

 

[Desprado]

https://twitter.com/x/status/1433284854804881410

 

[Incog_nito]

If that increase in import is related to Electronics which the new IT / Netizens utilize then we shouldn't be concerned. Instead, Govt. should remove all the Taxes and Duties on Electronics Import.

 

[AsifIjaz]

The problem with Pakistan is that other than machinery for sugar plants, rice Mills and some other equipment we import most of the machinery for our textile.. cement.. steel and chemical industries.
Even the various gases and raw material used for finished products are imported.

As a result of IK l's initiative for excess electricity consumed rates, announced in late 2020 and early 2021, there were substantial orders placed by textile and related industries. Coupled with higher raw material import for other industries and food imports due to below par agricultural sector performance, the import bill keep on increasing for atleast 6 months to a year more. A detailed breakdown of import bills would be required to confirm the above.
The textile industry is expected to add 3 to 4 billion usd export from the machinery that will be erected in next 7 months to a yr. Times are tough but all is not lost

 

[Desprado]

The problem with Pakistan is that other than machinery for sugar plants, rice Mills and some other equipment we import most of the machinery for our textile.. cement.. steel and chemical industries.
Even the various gases and raw material used for finished products are imported.

As a result of IK l's initiative for excess electricity consumed rates, announced in late 2020 and early 2021, there were substantial orders placed by textile and related industries. Coupled with higher raw material import for other industries and food imports due to below par agricultural sector performance, the import bill keep on increasing for atleast 6 months to a year more. A detailed breakdown of import bills would be required to confirm the above.
The textile industry is expected to add 3 to 4 billion usd export from the machinery that will be erected in next 7 months to a yr. Times are tough but all is not lost

Sir machinery imported started from May 2021 and has given 0 results and in fact the export are are going nosedive and import are rising much faster due to excessive devaluation.

 

[AsifIjaz]

Sir machinery imported started from May 2021 and has given 0 results and in fact the export are are going nosedive and import are rising much faster due to excessive devaluation.

Bhai... It takes a few months for the erection, trial run, and commercial commencement of a plant. That's why I wrote 6 months to a year.
Regarding exports, we need to switch to or create other areas for us as well. Textile, IT and rice/mango need to be supplemented by some other areas as well. It Will take time but I am willing to wait and be hopeful.

 

[Patriot forever]

if a country's economy is improving , if remittances are record high , if exports are rising , then wHy is the currency going down! ????

It's very simple currency is bearing the brunt of imports. If you fix your currency reserves will take the brunt. See why the reserves did not fall in August but currency did ?

In the first half of the year CAD will be higher, reserves stable currency down. In the 2nd half of FY 22 is when CAD will be pulled back currency will appreciate/ or be stable.

Most of Terf rollout will be in the initial period of this current ongoing FY, as stated clearly by SBP. Your exports can not grow beyond a certain point e.g. $25b without capacity increase that costs money.

At the end of the year CAD will be in the predicted range, currency will be around 165 or lower and reserves stable.

https://twitter.com/x/status/1433049599929950209

 

[blueazure]

It's very simple currency is bearing the brunt of imports. If you fix your currency reserves will take the brunt. See why the reserves did not fall in August but currency did ?

i sincerely hope you are correct

 

[Desprado]

It's very simple currency is bearing the brunt of imports. If you fix your currency reserves will take the brunt. See why the reserves did not fall in August but currency did ?

In the first half of the year CAD will be higher, reserves stable currency down. In the 2nd half of FY 22 is when CAD will be pulled back currency will appreciate/ or be stable.

Most of Terf rollout will be in the initial period of this current ongoing FY, as stated clearly by SBP. Your exports can not grow beyond a certain point e.g. $25b without capacity increase that costs money.

At the end of the year CAD will be in the predicted range, currency will be around 165 or lower and reserves stable.

https://twitter.com/x/status/1433049599929950209

We lost 400 million dollar combine of SBP and Commercial bank reserve in August alone due to higher imports.

Your same guy it took him 1 day and destroyed 3 years of hope that devaluation brings joys, less import and increase of export. It was all myth and lie and dreamland ,which is a nightmare now.

https://twitter.com/x/status/1433355652169097225

https://twitter.com/x/status/1433280598362165249

https://twitter.com/x/status/1433370739298689029

https://twitter.com/x/status/1433302069860093953

https://twitter.com/x/status/1433294386763386880

https://twitter.com/Asad_Ashah/status/1433279402738028546

https://twitter.com/javedhassan/status/1433397324064202757

https://twitter.com/AAHSoomro/status/1433301118172516354 (He give up, while he was the one who justifying devaluation last day it took this just 1 hr and now he says that economy heat up already) Barely 2 months

https://twitter.com/AhmedWJanjua/status/1433366501516578816 (His 3 years twitter wars comes to end today as he said it was structural issue where he always said that devaluation will stop automatically stops now he saying we impose tariff too late)

https://twitter.com/AhmedWJanjua/status/1433358224577728514

https://twitter.com/AhmedWJanjua/status/1433358227123679233

https://twitter.com/WaqarEY/status/1433284854804881410

https://twitter.com/Sajidaminjaved/status/1433377658201681925 (He will change his view in september when Export more worse and import get more higher, FDI outflows and less inflows)



PTI was just giving excuse for 3 years do defend there incompetency they to Pakistan and brought nothing for Pakistan expect Inflation and poverty.



Now we need a person badly who can convince IMF so that ADB, WB and AIIB provide us funding and it is impossible for PTI now to convince IMF with BOP crisis worsening.


I love Pakistan i am no Party or any person lover.

Imran Khan can Go **** him self, Nawaz Sharif can **** them self and Zardari Bhutoo family can also **** them self.


Just imgine it took seconds to change a view. Never believe these kids and twitter slides or PTI data these are propaganda.

 

[Norwegian]

CAD will be above 20 billion dollar. I all my predication was right. You just wait and see September number it will be much worse than this due Market base exchange rate.

As long there is no impact on reserves, everything is fine

if a country's economy is improving , if remittances are record high , if exports are rising , then wHy is the currency going down! ????

Because of too much imports

 

[Desprado]

As long there is no impact on reserves, everything is fine

Because of too much imports

It did sir. We lost 402.3 million dollar in August only because to fill CAD and import.

 

[Asimzranger]

Shhit shouldn't have ordered shorts from aliexpress.