Highest ever export in goods in the month of October.

[dani191]

israel exported 67 bilion in goods and services in fitrst 6 month

 

[Norwegian]

israel exported 67 bilion in goods and services in fitrst 6 month

Am Yisrael Chai

 

[Falcon26]

Everyone knows the flaws.

1st Fixed currency was the most dominant factor ( the reason I shared the slide). Have a look from 2013-2018.

2nd factor is high energy costs due to expensive IPP contracts.

That’s a simplistic take.We all know the reasons are much more structural. But politically driven arguments are always easier to sell.

 

[Bilal Khan (Quwa)]

Pakistan should be doing at least $5-billion in exports each month. It’s embarrassing that since 2004, the exports have only grown by $1.5-billion for the month of October. A serious conversation should be had on what ails Pakistan’s exports, which is directly related to the question of productivity.

We haven't pushed the needle on the value of our exports. E.g., a lot is in agriculture, and even then, most of our food seems to go to waste due to a lack of refrigeration, flash freezing, etc. So, besides systemic blockages (from poor bureaucracy), our businesses don't invest in themselves. Literally, we're happy with the absolute bare minimum.

We don't offer higher-priced manufactured goods, like cars. Because our market protection is weak, we're not requiring foreign auto-manufacturers to locally source (or provide the ToT we'd need to locally source) high-value inputs. It's a shame for a market of 200 million people, especially with all that foreign currency coming in from expatriate workers. Ideally, we'd be producing cars with high rates of domestic inputs and, in turn, retain our hard currency and export our vehicles to gain more currency.

Finally, no investment in skill development to make our labour pool more competitive, especially for BPO, IT Services, software development, engineering services, etc. So, we're missing out on a lot of the Western money that's been going into places like India and the Philippines.

If we had just the above 3 factors, we'd be in a far better situation economically, and potentially, at a launch-point to get into really big things like indigenous R&D in energy, robotics, steel, gas turbines and semiconductors (like Indonesia, Turkey, India, etc).

Anyways, the good news is that none of this is magic. Unfortunately, our leaders don't care.

You can give the keys to my cat, and he'll do a better job. If not, you'll find 'Manguu the Policy Cat' on TikTok soon. Stay tuned.

 

[Patriot forever]

That’s a simplistic take.We all know the reasons are much more structural. But politically driven arguments are always easier to sell.

Care to elaborate on structural element (mind you these 2 points also represent structural inefficiencies) . I know the knitty gritties but no matter which point of view you take these 2 points are the basics. In fact these 2 points are the reason why we became a predominant import oriented economy when it comes to local industries as well not just exports. The flaws on a macro level are directly related to us being an import dependant economy for so long.

Talk to an industrialist and let me know the first thing he mentions.

Our exports were 97% of Bangladesh a decade ago now they are roughly 67%.

 

[Village life]

Pa g , imoprts 6b USD((((

 

[waqasmwi]

Population is ever increasing. Economy grows with the passage of time. So what's the big deal. Oct 2022 will have more exports. Oct 2025 is bound to see more exports than oct 2022. And so on.

 

[Winchester]

Pa g , imoprts 6b USD((((

6 bn/month is manageable.

Goods+Service exports this year would be around 37-38 bn dollars.

You add in around 32 in remitances and the CAD is not running away.

Good Job by the govt. on this front.

Population is ever increasing. Economy grows with the passage of time. So what's the big deal. Oct 2022 will have more exports. Oct 2025 is bound to see more exports than oct 2022. And so on.

Export grows except in the period 2013-18 where they reduced.

I wonder what happened there and who was ruling Pakistan....hmmm !

 

[Patriot forever]

I do not believe this part of the report too much. If investment-driven imports increased by 64% then it should lead to multiple times increase in economic activity. They better show GDP growth of greater than 7% for year 2021-22 to justify increase of 64%. And this increase in investment-driven imports should translate in to greater than 50% growth in exports in coming months.

Someone posted another report (Fools_nightmare) the Shaukat Tarin did not believe the bureaucrats back in August when they tried to sell him churan that increase in imports are due to investment-driven imports .

There is a time lag of 1yr ( shortest I can think of taking an example of textile if it is expansion related from an already developed big player with little brick and mortar component) to a lot more depending on the nature of investment/ imported machinery etc.

Mobile local assembly setup cycle is roughly a little less than an year, if in collaboration with a developed/established local partner.

Increasing exports is a time consuming and very complex task which many steps from feasibility, financing, project implementation, trained labour, costumers/orders, and offcourse marketing advertisement and building/expanding client portfolio especially for export oriented industries.

During the initial period attaining 'break even' is also a challenge for new startups.

Export and local substitution to me is a shift of frame of mind, once one get going one will accelerate with time, once a competitive environment is there more and more players/companies/startups will start filling the void. Once they get successful in the local markets many will try to expand internationally.

You need a decent industrial base in order to continously increase exports.

 

[Hakikat ve Hikmet]

Bring in the Sherifs, and you’re again dead…..

Pak needs to ensure the Sherifs are dead…..

 

[Flight of falcon]

This figure does not include services export. It is counted separately .

 

[Blacklight]

Brother, 29 GW of installed electricity for a population of 230 million is a joke. Compare that to the UK, which has around 76 GW of installed electricity for a population of 65 million.

How much can the distribution grid handle?

 

[koolio]

Increasing installed capacity is not enough. You need to fix transmission system too.

GOP is already focusing on upgrading transformers and transmission system which is heavily outdated, something Godfather league did not pay any attention apart from building expensive power plants, at least current GOP has started work of building new dams to provide cheaper and greener electricity.

 

[TheDarkKnight]

Lack of electricity.
Lack of electricity.
Lack of electricity.
Lack of roads.
Low quality of products.

We are energy surplus but lack the distribution and transmission network to utilize all the capacity. Shukriya NS for installing expensive power generation capacity in record time, but didn’t invest in transmission upgrades to carry the energy from Power producers (PP) to industry and consumers.
And oh by the way, all those PPs, including those made under CPEC, need their capacity payments NOW whether we can utilize their energy or not due to lack of transmission capacity.

Aiik wari phir shaaaiir.

 

[Flight of falcon]

How much can the distribution grid handle?

Reminds me of few times when I got electrocuted as a kid in Karachi.…. I am glad the voltage was low enough to let me live and have kids