Pak Breaks All Export Records $18.66 Billion

[The SC]

These are the good news we like to hear often..

 

[Big_bud]

Here is your valid reference :

https://www.sbp.org.pk/ecodata/ExportsImports-Goods.pdf

We will In Sha Allah easily cross $40B target. With export increase of 20 percent per year we can in sha Allah set target of $48 B for the following year.

Shameful, regrettable, a nation of 220 Million people generate only 40 Billion USD

That's 181 USD per person of value created in a year! God dayum! What a pathetic situation and this nation wants cheap electricity, water, gas, free petrol and a leader who can pay off their debts from his own pocket! Wow.. what a nation!

In contrast Australia has an export of 284 Billion USD for 25.69 Million population! That's 11,054 USD/ person / Year!

 

[ziaulislam]

40 billion this year ? Not possible. I think the target is 30+6 = 36 billion $. 30 of goods and 6 of services. Maybe 40 billion next year inshallah. But then it would be election year so you never know

This year its around 38b$
Next yr its not election yr as election will be late november(yr end in july)
So i do expect around 45b$

Still not enough and unsustaible CAD may lead to fiscal tightening and crash

 

[Patriot forever]

This year its around 38b$
Next yr its not election yr as election will be late november(yr end in july)
So i do expect around 45b$

Still not enough and unsustaible CAD may lead to fiscal tightening and crash

https://twitter.com/x/status/1485573756026294274

https://twitter.com/x/status/1485591571160612866

 

[FuturePAF]

40 billion this year ? Not possible. I think the target is 30+6 = 36 billion $. 30 of goods and 6 of services. Maybe 40 billion next year inshallah. But then it would be election year so you never know

Our agricultural productivity is a fifth of what it could be. We have the potential to increase arable land by 55% with more dams, Our water use is 7 times as inefficient as California. We could implement coal gasification (with the water properly used) and save on a large portion importing fuel, as well as build up our own petrochemical and pharmaceutical industries from the domestic coal based fuel. (Fuel prices are about to rebound soon enough, and we need to get prepared before we are blind sighted again). Mining could grow with the Reko-Diq dispute resolved, as we attract more investors. We could move up the value added chain and start our own fashion brands that can be sold around the world. There are a whole lot of sectors that can grow, so it’s really up to us how quickly we get our industries modernized and how much we can export.

I hope the government lays out a road map to reach an annual export of over a $100 billion by the end of the decade. We need to aim high and make the required reforms to reach it. We need a road map the allows our economy to grow as fast as it possibly can, and not be capped at under 7% for fear of a new circular debt/IMF situation. We need a plan that attracts at least 3 if not 5% of GDP FDI year on year for the next 20-30 years so we can maximize the utilization of our Demographic dividend.

If we can sustain at least an average of 7% a year over the next 25 years; we can reach a $2 Trillion dollar economy as projected by the world Bank. Which, depending on the size of the population, could mean a standard of living between that of the Dominican Republic or Serbia and Malaysia or Turkey of a few years ago. Sustained growth of 7% a year is not an unrealistic target, but will require a generation of real dedication.

World Bank sees Pakistan's potential to be a $2 trillion economy | The Express Tribune

Lender says four influential groups have frustrated efforts to bring reforms in country

www.google.com

 

[IbnAbdullah]

Salaam

Shameful, regrettable, a nation of 220 Million people generate only 40 Billion USD

That's 181 USD per person of value created in a year! God dayum! What a pathetic situation and this nation wants cheap electricity, water, gas, free petrol and a leader who can pay off their debts from his own pocket! Wow.. what a nation!

In contrast Australia has an export of 284 Billion USD for 25.69 Million population!

Pakistan has its own context and it would be better to view it in that context. Otherwise, if we start to compare ourselves with developed countries, we will never be pleased. We all must work within the constraints of our own situation and reality.

Pakistan is making good progress given the track record of the past few decades - especially the last one. The key word is progress - our rate of change is good. Exports have risen significantly in the last few years of this government.

 

[Big_bud]

Salaam




Pakistan has its own context and it would be better to view it in that context. Otherwise, if we start to compare ourselves with developed countries, we will never be pleased. We all must work within the constraints of our own situation and reality.

Pakistan is making good progress given the track record of the past few decades - especially the last one. The key word is progress - our rate of change is good. Exports have risen significantly in the last few years of this government.

They haven't. The exports have been coming down since 2013. From 30 Billion USD to 25 B USD. We must compare ourselves to the rest of the world. If we don't benchmark ourselves to the west, we will always always be behind them. Their model is ruthless commercialism. Sajay gamay will find it difficult to exist in the upcoming world. Our kids will hate our idiocies and lack of initiative.

 

[RealNapster]

I agree with you. But my point is that we have crossed the estimates and will do better than expected .

Exactly. Estimated target if $36 billion, we will inshallah reach $37. Just, expecting $40 this year is stretching it too much

This year its around 38b$
Next yr its not election yr as election will be late november(yr end in july)
So i do expect around 45b$

Still not enough and unsustaible CAD may lead to fiscal tightening and crash

The glory is not in increasing $5 billion each year but not able to sustain it. Instead I would take $2 billion sustained annual growth in export any day.

 

[Pakistansdefender]

40 billion this year ? Not possible. I think the target is 30+6 = 36 billion $. 30 of goods and 6 of services. Maybe 40 billion next year inshallah. But then it would be election year so you never know

Even if 36 billion though the targer is 38. Then isn't ir some kind of mini miracle in case of Pakistan during once in a lifetime pendemic.
From 20 billion dollars competent Pmln last year to zardaris 25 billion dollara to 36 or 38 billion sollars in 4th year and in pendemic. And the cotton is not imported as this year we produced 80 percent of our cotton. Irrespective to 20 percent in previous regimes

 

[Riz]

 

[RIP Pak LAW]

Our exports may take a hit by the end of 2023 when EU may revoke our gsp plus incentive

 

[RealNapster]

Even if 36 billion though the targer is 38. Then isn't ir some kind of mini miracle in case of Pakistan during once in a lifetime pendemic

It is. And I want to celebrate this day. But our history as a nations tells us that we have seen such mini miracles atleast 6-7 times in our history. So much so that once we were labeled Asian tiger and Karachi was being compared to New York like cities by international media outlets. But the problem is that we lost way almost all those times. That's why we are in such a bad situation. I am afraid we may lose our way again. But I hope it doesn't turns out like other times. Consistency is everything. Bangladesh is improving because they have consistency in government. We need single party government till 2030 atleast to strengthen our base. We can keep trying political maneuvers after that but can't afford them right now.

 

[Bouncer]

The defining sector is IT. It can do wonders. Govts full focus should be IT industry.

Tech giants have surpassed military & oil companies in revenues. IT exports of countries have surpassed oil exports of oil rich countries.

I see govt's priority is still on goods, cotton, fruits etc. That is ok. But highest priority should be to the sector which can give highest returns.
I think govt needs to do following basics:
- Talk with Tech giants, bring their offices in Pak, facilitate them.
- Talk with payment services like paypal, swipe etc, to include Pakistan. Facilitate these companies, this will open many other door of opportunities.
- Open IT export / connectivity offices in US / europe. Where pakistani companies can showcase their expertise, do biddings for projects and more.

Govt facilitation is must. Whatever IT sector right now is doing on its own.

I agree with you 100%. Government is doing good on traditional export industries like textiles but IT is a different beast and needs a completely new way of thinking about it.

Gov needs to make a sales pitch based on our strenghts;

1. Talent
2. Cost
3. Taxation
4. Facilitation



Current sarkari baboos can't achieve any miracle--they are trained to give subsidies to traditional industries & choke imports in hopes of increasing productivity. That's not what IT needs.

 

[S.Y.A]

The defining sector is IT. It can do wonders. Govts full focus should be IT industry.

Tech giants have surpassed military & oil companies in revenues. IT exports of countries have surpassed oil exports of oil rich countries.

I see govt's priority is still on goods, cotton, fruits etc. That is ok. But highest priority should be to the sector which can give highest returns.
I think govt needs to do following basics:
- Talk with Tech giants, bring their offices in Pak, facilitate them.
- Talk with payment services like paypal, swipe etc, to include Pakistan. Facilitate these companies, this will open many other door of opportunities.
- Open IT export / connectivity offices in US / europe. Where pakistani companies can showcase their expertise, do biddings for projects and more.

Govt facilitation is must. Whatever IT sector right now is doing on its own.

only thing that will attract anyone (overseas paksitanis and big companies) is ease of doing business, that includes one window operations for regn and setting up companies, tax holidays, and finally ease of setting up foreign currency accounts, and ease of taking out said foreign exhcange from those accounts as and when needed without going through hefty governmental red-tape (which, sorry to say, is a huge hassle nowadays. SBP and govt wants dollars flowing in, but it only wants to grab them and not let go. who would be mad enough to invest in an environment such as this?).

 

[ziaulislam]

Our agricultural productivity is a fifth of what it could be. We have the potential to increase arable land by 55% with more dams, Our water use is 7 times as inefficient as California. We could implement coal gasification (with the water properly used) and save on a large portion importing fuel, as well as build up our own petrochemical and pharmaceutical industries from the domestic coal based fuel. (Fuel prices are about to rebound soon enough, and we need to get prepared before we are blind sighted again). Mining could grow with the Reko-Diq dispute resolved, as we attract more investors. We could move up the value added chain and start our own fashion brands that can be sold around the world. There are a whole lot of sectors that can grow, so it’s really up to us how quickly we get our industries modernized and how much we can export.

I hope the government lays out a road map to reach an annual export of over a $100 billion by the end of the decade. We need to aim high and make the required reforms to reach it. We need a road map the allows our economy to grow as fast as it possibly can, and not be capped at under 7% for fear of a new circular debt/IMF situation. We need a plan that attracts at least 3 if not 5% of GDP FDI year on year for the next 20-30 years so we can maximize the utilization of our Demographic dividend.

If we can sustain at least an average of 7% a year over the next 25 years; we can reach a $2 Trillion dollar economy as projected by the world Bank. Which, depending on the size of the population, could mean a standard of living between that of the Dominican Republic or Serbia and Malaysia or Turkey of a few years ago. Sustained growth of 7% a year is not an unrealistic, but will require a generation of real dedication.

We can do alot of stuff
Question is who will do it
Since all these are unpopular in public
Farmers dont want to go to drip irrigation
no one want to pay tax

biggest issue is beaucratic corruption and judiciary nonsense to implement any changes