Pakistan received $60bn against exports, remittances in FY2020-21

[crankthatskunk]

Pakistan is in a catch 22. It needs all the project from BRI to build export-competitive infrastructure. The problem is your paying for the BRI in dollars but the infrastructure is not ready yet to start export industry and see returns on those projects .

2- you have a 100 million+ labor pool that can’t be mobilized. And the smart people who can put that labor to good often immigrate to the US for a better life. So the few bright individual that do the job to putting the labor to good use gets even less

3- your main import which is understandable are petroleum, machinery etc. but what doesn’t make sense is to import agriculture & food. Domestic industry can pick up that slick easily

How much worth of petroleum etc. !!
They were importing all kind of stuff, from cosmetics to household goods, medicines, etc.
All of it can be produced locally.
Take example of Medicines, Indians is cheap manufacturer of generic medicine for the world.
Not because it is advanced , but because it is cheaper. It gets raw material from the west to produce the medication, which after patent expiry , would be not economically viable to produce in the West.
Why Pakistan couldn't dip in to this industry!!
Because there were no serious and loyal people to make the policies and implement them by creating the infrastructure etc.

Same goes for Computer Industry. Indian geared up millions of Computer graduates, for the needs of the West. They have captured the markets in the world. Why Pakistan couldn't!!
Because there was no thinking , no policies etc.

Pakistani politicians due to their corruption and self serving attitude, could not see beyond their noses.
The result is what we see today in Pakistan.

I say try and hang these traitors. First should be Dar.

 

[Mk-313]

How much worth of petroleum etc. !!
They were importing all kind of stuff, from cosmetics to household goods, medicines, etc.
All of it can be produced locally.
Take example of Medicines, Indians is cheap manufacturer of generic medicine for the world.
Not because it is advanced , but because it is cheaper. It gets raw material from the west to produce the medication, which after patent expiry , would be not economically viable to produce in the West.
Why Pakistan couldn't dip in to this industry!!
Because there were no serious and loyal people to make the policies and implement them by creating the infrastructure etc.

Same goes for Computer Industry. Indian geared up millions of Computer graduates, for the needs of the West. They have captured the markets in the world. Why Pakistan couldn't!!
Because there was no thinking , no policies etc.

Pakistani politicians due to their corruption and self serving attitude, could not see beyond their noses.
The result is what we see today in Pakistan.

I say try and hang these traitors. First should be Dar.

Yeah computer industry was a big miss. If you guys have developed the proper infrastructure just for that. Millions of people would have been alleviated from poverty when US was outsourcing these tech jobs . Even as simple as a data entry job would put food on a lot of tables

Indians rake in $124 billion/year exporting these menial outsourced jobs and bring all those USD back to their country. Even half of that would’ve bring in $62 billion/year to pakistan in these tech jobs

 

[Bouncer]

That unique power of the US treasury to settle all international transaction is what gives US the sanctioning power

Stating the obvious here, and this is why the US is so protective of USD. Imagine a legislator elected from Swabi, Pakistan presenting a bill to block transactions of two companies in the US. This is what the US can do--kill any company anywhere on the planet through legislation. Another example of this crazy power is the US courts penalizing companies for offences committed in non-US jurisdictions. Any company that operates in the US is answerable to US courts for offences committed ANYWHERE in the world. And then there is the regulatory over-reach of US, though the EU is waking up to it. Crazy levels of influence.

 

[Mk-313]

Stating the obvious here, and this is why the US is so protective of USD. Imagine a legislator elected from Swabi, Pakistan presenting a bill to block transactions of two companies in the US. This is what the US can do--kill any company anywhere on the planet through legislation. Another example of this crazy power is the US courts penalizing companies for offences committed in non-US jurisdictions. Any company that operates in the US is answerable to US courts for offences committed ANYWHERE in the world. And then there is the regulatory over-reach of US, though the EU is waking up to it. Crazy levels of influence.

Its broader than any company that operates in the US. It’s actually any entity who has transacted in dollars. US would have jurisdiction. Basically anyone who touches the dollar anywhere in the world, any nationality US jurisdiction on it

For example. If you stole money in pakistan and that money was a briefcase full of dollars then technically US can extradict you and US courts have jurisdiction over you

That’s why FBI was able to arrest FIFA reps even though they don’t operate in the US, has no affiliation in the US. And FBI is technically a domestic agency and not an international one

 

[Indos]

How much worth of petroleum etc. !!
They were importing all kind of stuff, from cosmetics to household goods, medicines, etc.
All of it can be produced locally.
Take example of Medicines, Indians is cheap manufacturer of generic medicine for the world.
Not because it is advanced , but because it is cheaper. It gets raw material from the west to produce the medication, which after patent expiry , would be not economically viable to produce in the West.
Why Pakistan couldn't dip in to this industry!!
Because there were no serious and loyal people to make the policies and implement them by creating the infrastructure etc.

Same goes for Computer Industry. Indian geared up millions of Computer graduates, for the needs of the West. They have captured the markets in the world. Why Pakistan couldn't!!
Because there was no thinking , no policies etc.

Pakistani politicians due to their corruption and self serving attitude, could not see beyond their noses.
The result is what we see today in Pakistan.

I say try and hang these traitors. First should be Dar.

Does PAK government publish data about import in which we will now how much are spend on capital goods, consumer goods, and other ? I got the data for Indonesia

 

[Wikki019]

Superb improvment in short time, hope we will continue to grow our Exports and legal remittances even faster in near future.

 

[Genghis khan1]

Pakistan needs to teach its people about enturpurship in school and colleges. If every 1 out of 10 people is successful in setting up their business, they will employ another 10 and so on. 220 million cannot rely on govt jobs or govt projects. Once businesses will grow, they will export and pay texas.

 

[alibaz]

Running a country on remittances from overseas is nothing to brag about . It’s a red flag

Domestic industry must be strengthened and must carry the weight of exports alone

Money has started coming through white channels and USD lands into Pakistani Banks. Therefore, strengthening national reserves. Earlier something same was coming through black channels and if it can come through black or unregistered channels exactly it can and was flowing out. Therefore, money coming through white channels adds to national figures and financial ratings of country. Its an achievement, however it should not be 50% of income, In fact as rightly mentioned industrial and agricultural exports must be increased.

 

[H!TchHiker]

What is import figure ?

 

[Skywalker]

We have the necessary infra structure ( maybe needs more improvement), the necessary manpower, the skill, the climate, the raw material but lack massively in management. We can take the examples of Singapore, Dubai and Hongkong with limited resources yet they attracted the best ones from around the world and look where they are standing.

We need people who can manage things. period.

 

[N.Siddiqui]

Add to this about 1.5 billion USD in Roshan digital account...

 

[hydrabadi_arab]

What is import figure ?

Around $62b.

 

[Pakistan Space Agency]

Running a country on remittances from overseas is nothing to brag about . It’s a red flag

Domestic industry must be strengthened and must carry the weight of exports alone

Any and all good money coming in Pakistan is a welcome.

 

[Aryeih Leib]

Where is the money going ? No trolls please ..

 

[Wikki019]

Where is the money going ? No trolls please ..

imports + debt repayments