Pakistan exports record $1B mostly IT services in two months.

[MH.Yang]

Exports of good
Exports of services
Remittances
Foreign direct investmnent
Low cost inflows

Vs

Imports of goods
Imports of services
Debt servcing
Debt repayment
Outflows on investment

Don't worry, Pakistan is changing from an import economy to an export economy. This process is painful, but only the export economy has a future.
China also experienced such pain in the 1980s. Its currency depreciated (from 1:3 to 1:8 against the US dollar) and its foreign exchange reserves decreased (at the lowest, it was only US $2 billion). China even sold ICBM in 1987 in exchange for foreign exchange (thanks to Saudi Arabia's $3.5 billion).
But as long as we get through this difficulty, we will meet the light. The GDP of the import economy is false and has no future.

 

[Pakistansdefender]

Excellent news ….. hope this trend continues .

Services exports up 54pc to $1bn in first two months of FY22

Imports increased by 31.42pc to $1.627bn.

www.dawn.com

Wao. We can pull of 5 billion alone this year. This is a big jump.
Why was this not done before?
And what was imran khan doing it right. The blind would never see

 

[ziaulislam]

Don't worry, Pakistan is changing from an import economy to an export economy. This process is painful, but only the export economy has a future.
China also experienced such pain in the 1980s. Its currency depreciated (from 1:3 to 1:8 against the US dollar) and its foreign exchange reserves decreased (at the lowest, it was only US $2 billion). China even sold ICBM in 1987 in exchange for foreign exchange (thanks to Saudi Arabia's $3.5 billion).
But as long as we get through this difficulty, we will meet the light. The GDP of the import economy is false and has no future.

Are you sure...?

 

[Chakar The Great]

Certainly a good news but its embarrassing for us,


Pakistan IT exports ~ US $ 2 Billion
Indian IT exports ~ US $ 140 Billion

 

[Maula Jatt]

Certainly a good news but its embarrassing for us,


Pakistan IT exports ~ US $ 2 Billion
Indian IT exports ~ US $ 140 Billion

I hope they have a roadmap to get these IT exports to atleast 50 billion over the coming decade or 2 (hoping this can happen in this decade but not too sure tbh)

At this rate of growth yes you can probably hit that target
But I am not too sure if this growth rate will consistently be the same throughout this decade

Need to focus on our universities, yes you can get low hanging fruits but to truly make it a big industry

Universities will have to play an important role or you won't go above a certain level

 

[Ali_Baba]

To succeed in IT, Pakistan improve the quality of its Degrees and make them internationally recognised as the same standard as most of the world - and not the 2year B.S. crap they have going on right now.

 

[Norwegian]

The GDP of the import economy is false and has no future.

Thanks for giving our Patwaris this hard earned lesson
@FOOLS_NIGHTMARE @muhammadhafeezmalik @Muhammad Omar

 

[xyxmt]

Basically you will end up with 33b remittances, 31b exports and 7 billion export in services

Thats twice as of PMLN 2017 numbers in less then 4 years during global crisis

But IK shit cleaning is still slow per pakistanis

This is why proper education is important and this is why PMLN and PPP govt kept feeding 200 year old education system to their public. Even a College graduate doesn't know that product pricing is not controlled by govt.

 

[ziaulislam]

Does this rule apply to any government which came before PTI or is rule is only for PTI government?

And if you' d be so kind, can you give example of any third world country which has doubled her exports only in 2 years?

Yes
My greater leader increased our exports from 25 billion dollars to 21000 million dollars from 2013-2018.

Thats a big increase..

Inshallah the nxt generation will do better inshallah

This is why proper education is important and this is why PMLN and PPP govt kept feeding 200 year old education system to their public. Even a College graduate doesn't know that product pricing is not controlled by govt.

Nothing to do with education.
Nawaz sharif aik nasha hey..

See i am highly educated doctor but i also support great leader nawaz shareef..no i mean maryum shareef

So do most of educated people of lahore and central punjab
While south punjab and KPK uneducated people(who cant count fingers) votes for na ihal imran khan

 

[ziaulislam]

This is why proper education is important and this is why PMLN and PPP govt kept feeding 200 year old education system to their public. Even a College graduate doesn't know that product pricing is not controlled by govt.

But common farmer knows that..
Its not about knwoing
Its about interest
I am going to vote for price controlling becausw in short run i need cheap chicken
I dont care of next year we have to import them due to farmers taking a loss

 

[MH.Yang]

Thanks for giving our Patwaris this hard earned lesson
@FOOLS_NIGHTMARE @muhammadhafeezmalik @Muhammad Omar

You're welcome. In fact, I did not provide rare information. 1980s-China's economics data is easy to get by Google.
And Pakistan is more unlucky than China. You have met the COVID19 and global inflation caused by the US over issuance of $3 trillion. But Pakistan has many partners willing to help, Saudi Arabia, Turkey, and China.