Pakistan Exports increase to 25bn USD, while Remittance - 22bn USD

[SSGcommandoPAK]

2018-2019
Pakistan Exports - 25Bn USD
Remittance- 22bn USD
Foreign exchange - 47bn USD

Imports - 50-55bn USD

55bn USD-47bn USD = 8bn USD deficit only !

source: revenue minister !

https://timesofislamabad.com/09-May...paAovmKvH3Q1_CGSHmfgp32dO86ZuRvRp2SHR660hls7o

 

[Goenitz]

whats indian remittance value?

sell JF17 to Malasiya for Palm Oil.. 3 billion dollar imports... I think on tea we spend 2b$...

 

[SSGcommandoPAK]

whats indian remittance value?

sell JF17 to Malasiya for Palm Oil.. 3 billion dollar imports... I think on tea we spend 2b$...

Around 70bn USD

 

[xyxmt]

when I went to Pakistan is 2018 and spent USD 3000 (converted to Rs. in bank), does that count as remittance or export.

 

[monitor]

2018-2019
Pakistan Exports - 25Bn USD
Remittance- 22bn USD
Foreign exchange - 47bn USD

Imports - 50-55bn USD

55bn USD-47bn USD = 8bn USD deficit only !

source: revenue minister !

https://timesofislamabad.com/09-May...paAovmKvH3Q1_CGSHmfgp32dO86ZuRvRp2SHR660hls7o

Foreign exchange is nearly 9 billion dollar
Rank 76
Country or region Pakistan
Foreign exchangereserves (millions of US$) 8,805
Figures as of 26 April 2019

Why so huge difference 47 billion verses 8 billion. Minister's might confused between million and billion.

 

[Syed1.]

Around 70bn USD

Sounds about right, their number of expats is several times more than ours.

Foreign exchange is nearly 9 billion dollar
Rank 76
Country or region Pakistan
Foreign exchangereserves (millions of US$) 8,805
Figures as of 26 April 2019

Why so huge difference 47 billion verses 8 billion. Minister's might confused between million and billion.

Actually 8-9 billion is held with SBP, and then 7-8billion is held with private banks.


Forex stand at 16b as of 9th May 2019
http://www.sbp.org.pk/ecodata/forex.pdf


And the "foreign exchange" in the OP is just exports + remittances, 25+22 = 47

 

[namefield_empty]

when I went to Pakistan is 2018 and spent USD 3000 (converted to Rs. in bank), does that count as remittance or export.

As credit in your country's current account.

 

[Syed1.]

So if we add exports + remittances + FDI - import, we get 25 + 22 + 3 - 55 = -5


So PTI has successfully managed to bring deficit down to easily manageable levels. Well done. Now need rapid increase in exports to cut trade deficit.

 

[jericho]

So if we add exports + remittances + FDI - import, we get 25 + 22 + 3 - 55 = -5


So PTI has successfully managed to bring deficit down to easily manageable levels. Well done. Now need rapid increase in exports to cut trade deficit.

 

[ziaulislam]

2018-2019
Pakistan Exports - 25Bn USD
Remittance- 22bn USD
Foreign exchange - 47bn USD

Imports - 50-55bn USD

55bn USD-47bn USD = 8bn USD deficit only !

source: revenue minister !

https://timesofislamabad.com/09-May...paAovmKvH3Q1_CGSHmfgp32dO86ZuRvRp2SHR660hls7o

current CAD was artificially created by doing two things
1. keeping rupee overvalued and high state bank lending(put simply printing notes)
2. keeping interest rates low

this was done so in short term govt gets huge amount of money to spend to create an artificially strong short term growth but long term you cant sustain steriod use

unfortunately this has been done for last 30 years..

pakistan is like a body builder who lacks discipline end up using steroids and end up in hospital

 

[Syed1.]

View attachment 559139


View attachment 559140

I don't know what exports figure in PKR is meant to signify. World over the standard is to measure exports/imports in USD so that everyone can be judged on a level playing field.

 

[ziaulislam]

a deficit of 8b$ is pretty normal for pakistan like economies but the damage has been done, investors are out and lending will be expensive, thus a "doctor checkup"/IMF is needed before business as usual starts

what IMF would want will be
1. fiscal discipline(increase tax revnues)
2. decrease spending(cut all subsidizies for rich and middle class)

what pakistani society is has complete lack of common sense, they think making domestic gas expensive is hitting the poor when 70% people dont even have gas..seems people of pakistan dont even grasp what the poor (dying of hunger/living in slums) are like or even exist

i think govt should do three things

1. end all subsidizes to general public
2. make OGRA & NEPRA independent
3. privitize or imporve all state enterprises

e.g PTV has budget of 20b rs greater than all other channels of pakistan!

 

[Peaceful Civilian]

This Government is working day & night to reduce deficit. Give government 5 year. I am sure we will be much better position.

 

[SSGcommandoPAK]

Very scary analysis by Najam Sethi

 

[fisher1]

Yeh bakwas bahot sun chukay ham PTI or Asad Umar say.

Kuch din baad pir yahi jhootay log doosray figures deygay or log yeh sab bhool jayegay.

Pagal kar diya hai logo ko PTI nay.

In jhooto ki batein suno

https://www.geo.tv/latest/234184-pakistan-to-sign-6-8-billion-agreement-with-imf-asad-umar

https://www.pakistantoday.com.pk/2019/01/12/govt-to-present-second-mini-budget-on-jan-23-asad-umar/

We need imf, we don't need imf. Economy is crap, economy is good. We will not raise electricity prices, we will raise prices. We don't accept imf conditions, we hired imf to negotiate imf.


PTI ki leadership itni great ho gayi hai jhoot (Uturns) leitay leitay k yeh bhool gayi hai pechli raat kya kaha tha.