Pakistan trade deficit shrank $4 billion. 13.1% reduction in trade deficit in 10 months.

[BHarwana]

https://twitter.com/x/status/1127497777171267585

Good achievement by PTI in first 10 months of govt.

 

[crankthatskunk]

Ishaq Dar should be prosecuted and hanged for letting the Deficit reach $30 billions. This means after taking in to account of $18bn to $20bn of remittances, Pakistan was still facing whopping $10bn shortfall.
Why PMLN idiots complain if Rupees is tanking against Dollar and other major currencies!!

 

[Yaseen1]

if businesses become incapable to import necessary items to start new projects due to non feasible conditions this reduce deficit but as result growth decreases and unemployment rises which lead to inflation

 

[Chakar The Great]

The target is to bring it down to Zero over the next two years.

 

[waqasmwi]

https://twitter.com/x/status/1127497777171267585

Good achievement by PTI in first 10 months of govt.

When you slow down the economy, trade dedicit automatically shrinks. Lesd exports and less imports turns into less trade deficit or surplus which ever the case may be. So nothing great to cheer about

The target is to bring it down to Zero over the next two years.

As i said, zero trade deficit target can be achieved even in next year. Zero Exports, Zero Imports means zero defecit. But is it practicable??. Real deal is when you maintain the pace of economic growth and gradually decline the deficit. But PTI govt is following the opposite approach by slowing down the economy. Slowing the economy growth means you will have less trade deficit or trade surplus

 

[TeesraIndiotHunter]

13% is too low and too slow.

This is not any achievement. Hopefully it picks up speed and our trade deficit reduces significantly.

I am a die hard PTI supporter but lets call spade a spade.

 

[BHarwana]

When you slow down the economy, trade dedicit automatically shrinks. Lesd exports and less imports turns into less trade deficit or surplus which ever the case may be. So nothing great to cheer about

Why there is nothing great about reducing the trade deficit?
Imports are slowing down and exports are increasing. Trade deficit is a big problem and it is more important than economic growth of 7% because the bigger the deficit more loans you require to facilitate the economy. If you take your economy to the actual growth rate and reduce defitic then you don't require loans. Only rich benefit from loans induced growth.

You want to destroy the whole country for short term pleasure and just a sticker of high growth when actually economy suffers internally with high loan induced growth?

Yes float dollar in market make it cheaper and take loans like previous govt did and today we suffer of high energy prices and expensive production because of that.

This could be beneficial for business but not the poor who keep on paying those loans all their life in form of high energy bills.

13% is too low and too slow.

This is not any achievement. Hopefully it picks up speed and our trade deficit reduces significantly.

I am a die hard PTI supporter but lets call spade a spade.

Slow and steady wins the race. Good job by PTI I must say.

 

[Path-Finder]

https://twitter.com/x/status/1127223907726053377

 

[crankthatskunk]

if businesses become incapable to import necessary items to start new projects due to non feasible conditions this reduce deficit but as result growth decreases and unemployment rises which lead to inflation

True true. What you do to the deficit!! Borrow and become bankrupt!! Or you OK with Rupees becoming worthless!!
You see, that is a boggy that by reducing imports you stifle growth. If Imports are only for luxury items and for the 1% rich, they are a waste and burden, nothing else.
If imports are for re-generation and raw material for exports, it is great for the economy.
For example, when you import raw material for goods you are exporting. You sell the finished goods far far more dearly after value added work than the imports costed you. That results in surplus on your foreign account not deficit.
IT is clear from the fact that Pakistan's deficit has gradually grown that the imports were for non-productive consumer items, which didn't benefit the economy. If it was generating economic activities apart from retails, than Pakistan would have been progressing, it didn't.

Whichever way you look at it, and I am keeping very simple for people to understand. Dar and before him others were responsible to create a monster they knew would kill Pakistani prospects and make it bankrupt.

You cannot have $10 billion to $15 billion currency deficit (after counting in the remittances) and hope to survive without destroying your currency, have hardship imposed on your country, with rocketing prices and inflation out of control.

What Dar was doing was postponing the inevitable by borrowing heavily on trumped up interest rates to show the borrowing as "foreign currency reserves" to establish an artificial exchange rate, through interventions.

To continue such suicidal policies would have been death sentence for Pakistan.

I am glad that PTI has adopted honest policies, even though the general public doesn't understand it and blaming PTI government for the runaway prices.

Pakistanis please wise up, you are up against it, realise your problems and work on them.

 

[Path-Finder]

Ishaq Dar should be prosecuted and hanged for letting the Deficit reach $30 billions. This means after taking in to account of $18bn to $20bn of remittances, Pakistan was still facing whopping $10bn shortfall.
Why PMLN idiots complain if Rupees is tanking against Dollar and other major currencies!!

they have their jahil merasi following to keep jahil. So they will say oh while mian's arese was getting bigger by consuming haram at least, it wasn't this bad. Then they will perform phand pona masking their kartoot. Who borrowed the most money from IMF in the nations history? haram 2e party. who made the nation a import economy and brought the export to near end? haram 2e party.

 

[Kambojaric]

Bring the deficit down to a sustainable level and then build on the growth rate. Otherwise the cycle of some years of good growth followed by a sharp decline and an IMF bailout will continue. Growth in recent years has been artificially boosted by Dar. Give this government a chance before jumping on the bandwagon and declaring everything is doom and gloom.

 

[TeesraIndiotHunter]

Slow and steady wins the race. Good job by PTI I must say.

You are right. I hope PTI is able to successfully turn the Pakistani economy around for good (and for the long term).

Nothing but best wishes.

 

[BHarwana]

if businesses become incapable to import necessary items to start new projects due to non feasible conditions this reduce deficit but as result growth decreases and unemployment rises which lead to inflation

No one wants to die hungry. If business fail to import raw materials they will make them domestically. Transition is painful but it helps in actual growth. PMLN had full 5 years of their economic policies and pain we suffer today is because of those policies.
No one paid any attention on reducing the deficit but instead all policies were directed to increase it and make dollar cheap and look where it brought us today. High taxes and high energy bills just because of loans to keep dollar cheap and poor are suffering today because of that. What they achieved is a high growth rate in Moody's but what they gave poor is expensive electricity.
They shouldn't have played the classic American ball game of taking loans and running the country because in the end if you defy Americans this is what happens. Yes you get growth but along comes the devil of core inflation which makes everything so expensive. So instead of throwing country into a debt crisis one should take a step back and reduce the trade deficit.

 

[Enigma SIG]

if businesses become incapable to import necessary items to start new projects due to non feasible conditions this reduce deficit but as result growth decreases and unemployment rises which lead to inflation

We're importing everything from the GCC and India. The sooner we stop; the better.

 

[Yaseen1]

it is very dangerous move and if military equipment imports are reduced it may result in threat to our sovereignty in time when we are facing g severe threats

No one wants to die hungry. If business fail to import raw materials they will make them domestically. Transition is painful but it helps in actual growth. PMLN had full 5 years of their economic policies and pain we suffer today is because of those policies.
No one paid any attention on reducing the deficit but instead all policies were directed to increase it and make dollar cheap and look where it brought us today. High taxes and high energy bills just because of loans to keep dollar cheap and poor are suffering today because of that. What they achieved is a high growth rate in Moody's but what they gave poor is expensive electricity.
They shouldn't have played the classic American ball game of taking loans and running the country because in the end if you defy Americans this is what happens. Yes you get growth but along comes the devil of core inflation which makes everything so expensive. So instead of throwing country into a debt crisis one should take a step back and reduce the trade deficit.