Pak exports could be doubled to $50b: Razak

[Abdussamad]

10 months the time frame it took IK and his team to increase the exports by 20% is 10 Months. Mr realistic you think increasing exports by 20% in 10 Months is a joke?

You are mistaken. Exports have been flat this financial year despite rupee depreciation. Provide a source for your claim if you disagree with me.

 

[RoadRunner401]

You are mistaken. Exports have been flat this financial year despite rupee depreciation. Provide a source for your claim if you disagree with me.

Here you go.

https://defence.pk/pdf/threads/pak-exports-could-be-doubled-to-50b-razak.620673/

He said that the situation on economic front was not as bad as being portrayed by some quarters and they were ready as well to correct things. However, he also conceded that the economic situation must have improved at much accelerated pace. He said that the exports of garments went up by 29 percent, cement 25 percent, basmati rice 21 percent and footwear 26 percent in the current fiscal year.

 

[ziaulislam]

You are mistaken. Exports have been flat this financial year despite rupee depreciation. Provide a source for your claim if you disagree with me.

Correct ..but volume has increased
Fluctuations in price do happen with market competition

 

[Abdussamad]

Here you go.

That's propaganda/selective reporting. Here are two sources that show overall exports are flat:

The contraction is mainly due to 5pc decrease in total imports even as exports have dropped by around 2pc despite devaluation of the local currency and incentives announced by the government. In addition to that, $1.4bn increase in workers’ remittances also helped prop up overall foreign exchange reserves.

https://www.dawn.com/news/1483770/i...i-plummets-current-account-deficit-drops-27pc

ISLAMABAD: Pakistan’s exports flattened at $17 billion in first nine months of this fiscal year despite 34% currency devaluation in the last over one year, underscoring the need to review a strategy to weaken the currency for gaining export competitiveness.

https://tribune.com.pk/story/1947793/2-despite-no-growth-exports-trade-deficit-shrinks-13/