Imports from India plunge 39.47pc in 1QFY20

[Shahzaz ud din]

Imports from India plunge 39.47pc in 1QFY20
By
APP
-
November 2, 2019
0
4

ISLAMABAD: Pakistan’s imports from India dropped by 39.47pc during the first quarter of the current financial year (FY19-20), following the dip in trade relations between the two countries since August this year.

Overall imports from India were recorded at $220.839 million during July-September FY20 as against the imports of $364.901 million during the same period of FY19, according to data released by the State Bank of Pakistan (SBP).

On the other hand, Pakistani exports to India during the period under review were recorded at $9.802 million as against $102.458 million last year, showing decreased of 90.43pc.

Based on the trade figures, imports from India witnessed a decline of 71.06pc in September 2019 when compared with the imports of the same month of last year. The imports from India into the country during September 2019 were recorded at $29.453 million as against the imports of $101.803 million in September 2018.

On a month-on-month basis, the imports from India declined by 57.72pc during September 2019 when compared to the imports of $69.671 million in August 2019.

It is pertinent to mention that Pakistan’s merchandise trade deficit plunged by 34.85pc during the first three months of the current fiscal year as compared to the same month of last year.

The trade deficit during July-September 2019-20 was recorded at $5.727 billion against the deficit of $8.791 billion during July-September 2018-19.

The exports increased from $5.374 billion to $5.522 billion while imports declined by 20.6pc to $11.249 billion in 1QFY20.

 

[Chhatrapati]

Imports going down is not a cheerful news. It means the consumption is going down, which means local industries driven by imported raw materials is going down leading to job loss, inflation, low spending hence slow growth and poor fiscal health and more loans taken to complement the deficit.

 

[Gentelman]

Imports going down is not a cheerful news. It means the consumption is going down, which means local industries driven by imported raw materials is going down leading to job loss, inflation, low spending hence slow growth and poor fiscal health and more loans taken to complement the deficit.

Don't worry, all we produce is mostly raw material....

 

[truthseeker2010]

Imports going down is not a cheerful news. It means the consumption is going down, which means local industries driven by imported raw materials is going down leading to job loss, inflation, low spending hence slow growth and poor fiscal health and more loans taken to complement the deficit.

what have just read?

Less import is always better, unless its used in value addition for re-export. In case of india, pakistani imports are mainly consumer durables for which there are always alternates available.

 

[newb3e]

Imports going down is not a cheerful news. It means the consumption is going down, which means local industries driven by imported raw materials is going down leading to job loss, inflation, low spending hence slow growth and poor fiscal health and more loans taken to complement the deficit.

i lost brain cells reading your comment!

crazy

 

[PakFactor]

i lost brain cells reading your comment!

crazy

The problem with Indians I have seen in the U.S. they talk as if they all are subject matter expert(s). But when it comes time to pay premium, etc. cry like whores.

 

[pikkuboss]

Forget import look at that export figure.

 

[khail007]

Forget import look at that export figure.

Healthier sign is the gap is decreasing among import n export.

 

[Chhatrapati]

what have just read?

Less import is always better, unless its used in value addition for re-export. In case of india, pakistani imports are mainly consumer durables for which there are always alternates available.

Reduce imports by pushing more exports to the countries which you have deficit. Not by sizing down on the imports. India pushed for more exports to China instead of manually cutting down imports from China.

You mostly import raw materials from India. You don't import much finished goods from India. Tell me, have you seen Indian products in Super Markets? Or other electronic stores?

 

[Shahzaz ud din]

Imports going down is not a cheerful news. It means the consumption is going down, which means local industries driven by imported raw materials is going down leading to job loss, inflation, low spending hence slow growth and poor fiscal health and more loans taken to complement the deficit.

Imports from India going down is really a cheerful news.Currently Pakistan is importing $10-$15 billions stuff directly or indirectly from India.When Indian economy is already in recession the $10-$15 billions loss will be a big hit.Consequently Hundreds of businesses and industries in India will be closed down.

 

[Chhatrapati]

Imports from India going down is really a cheerful news.Currently Pakistan is importing $10-$15 billions stuff directly or indirectly from India.When Indian economy is already in recession the $10-$15 billions loss will be a big hit.Consequently Hundreds of businesses and industries in India will be closed down.

Why not say $100-150 Billion that will give a bit more strength to your nonsense.

 

[newb3e]

Why not say $100-150 Billion that will give a bit more strength to your nonsense.

you sound like a genius? whats your pishi consumption like daily ie(

 

[Smarana Mitra]

Imports going down is not a cheerful news. It means the consumption is going down, which means local industries driven by imported raw materials is going down leading to job loss, inflation, low spending hence slow growth and poor fiscal health and more loans taken to complement the deficit.

Actually reducing import is generally good and rarely bad. In this case, reducing imports from India is bad for Pakistan as India supplied cheap goods which are essential for Pakistan. But, reducing imports from say, Japan by reducing imports of Toyota cars is a good thing as Toyota cars are not essentials

Don't worry, all we produce is mostly raw material....

Pakistan imports medicines, household goods like soaps, vegetables and technological goods which are not available in Pakistan. Most of Indian goods imported are raw materials or basic components and not readymade goods. Pakistan will find it hard to replace them at the price sold by India

what have just read?

Less import is always better, unless its used in value addition for re-export. In case of india, pakistani imports are mainly consumer durables for which there are always alternates available.

No, Indian imports are mostly essential or basic raw materials and components. Any other substitute will be significantly expensive

India pushed for more exports to China instead of manually cutting down imports from China

India reduced imports from China to some extent, not just increase exports

 

[KhanBaba2]

I thought Pakistan had suspended all trade with India. How did the imports go down by just 40%. Shouldn't it have gone down by 100%.

 

[PakFactor]

One main issue I see is the Pink Salt, we export and Indian market puts it out as Made in India - and they create finished goods.

I don't know which administration set up that policy, but it needs a total revamp cut off India completely and sell Pink Salt at international price(s) as raw and finished good. We are making pennies on the dollar in the current environment.

We export to Indian for $ 40 Per Ton - sell to Europe we can make $ 300 Per Ton - and if we refine and sell the finished goods ourselves even more money.

Check this article out and many like it:

https://www.npr.org/sections/thesal...st-pink-himalayan-salt-doesnt-come-from-india