Featured Pakistan’s Current Account Records First Quarterly Surplus in Over 5 Years: SBP

[IceCold]

Jahil insaan when your baap was in government imports were close to three times of exports. Apni auqaat bhool jatay hain suwar ki nasal.

Brother no need to lose your cool. I know posts like these tend to boil ones blood specially now that Pakistan is actually moving in the right direction, still we need to put our point across without losing our temper.

 

[Norwegian]

How, by reducing exports?

Only reduction of exports was during your favorite Khota Biryani govt

 

[hussain0216]

How, by reducing exports?

Exporters can't expand when you have nothing to export

Textile orders are full

Bangladesh has seen success on the back of its textile industry

Regardless of the fact that this is our most successful industry we have had years of poor investment, no incentive, no support in terms of cotton supply or infrastructure

Your mafia bosses have done nothing but WORST ARE NOT GIVE YOU ANY PLANS FOR THE FUTURE

Yet you are still supporting them

 

[TheDarkKnight]

Where is the surplus when imports are twice as high as the exports?

I can't believe that Cartoon-e-Azam PM Imran Khan is now using remittances as a substitute for exports and his cabal of supporters are celebrating it as a victory.

Current Account surplus/deficit is different from Trade surplus/deficit. Current account is the overall inflows-outflows(excluding loans I think) which includes remittances as that is one of the main sources we get dollars (besides exports). Trade deficit/surplus is what you are referring to is just the difference between exports and imports. No one claimed or is celebrating a Trade surplus, as clearly the trade has always been in a deficit (so you hear trade deficit all the time).
Again like always, you mix things up to confuse people.

 

[muhammadhafeezmalik]

We saw what happened in 1999 when 16 soldiers were shot down inside pakistan by india and sharif didnt do ANYTHING

So you accept that current govt is doing tge right thing that is NOT printing notes(state bank lending) and while PMLN used to this all the time..

Ofocurse govt runs in deficit and will take some laons..how are we going to fix the debt driven circular debt pia railway..should we close them overnight

Pakistan primary deficit was zero for the first timw in decades i.e since 2010 pakistan feder govt would start with deficit but govt turned that around and it no longer starts with deficit ..deficit goes into PSDP spending ..whichbis obviously through loans

Thanks... like to have sane people..

The current government is printing curruncy at higher pace than the previous government. Read my previous comment.

 

[Rank]

Trust me common man dun give a **** about this surplus and economic shits... they’re literally *******...

 

[ziaulislam]

The current government is printing curruncy at higher pace than the previous government. Read my previous comment.

actually i am printing notes at home..read my this comment..

who are you trump? making stupid comments..

just go to sbp.gov.pk and check state bank lending ..

if you cant do that then dont quote me

Trust me common man dun give a **** about this surplus and economic shits... they’re literally *******...

well they need to learn starting giving shit..they didn't give shit and thats why they are int his position now..

had they given shit about surplus and CAD we wouldn't have been in this situation to begin with ..

they didnt gave shit for last 30 yrs when govt starts pritining notes ..they need to start doing that otherwise we saw what happened in afghanistan, zimbawwe and lebanon ..note printing is easy but doesnt work

 

[Kabira]

This shit doesn't deserve tweet from PM. Not sure who handle his twitter but he is making fool of himself.

What matters for Pakistan is GDP growth rate and exports. Curbing imports just mean less GDP growth and revenues. Ideally we need to finance trade deficit with exports. If you cannot bring good news on that front then STFU.

PTI should have crossed exports to over $30b by now.

 

[Patriot forever]

This shit doesn't deserve tweet from PM. Not sure who handle his twitter but he is making fool of himself.

What matters for Pakistan is GDP growth rate and exports. Curbing imports just mean less GDP growth and revenues. Ideally we need to finance trade deficit with exports. If you cannot bring good news on that front then STFU.

PTI should have crossed exports to over $30b by now.

Like Plmn took our exports to 50billion in their 5 years
Why the abuse bro

Macroeconomic stability is a must, it's effect will trickle down in time, just need to be patient. Real economic stability and progress is hard especially when one is coming off of cheap import led highs.

Every county goes though it Vietnam did, China did, Malaysia did. The key is to stand fast. I am more worried about IK flipping the switch to please short sighted people, so far he has not done it.
The inflation will start easing out over the course of this year. GDP growth will remain in the 2-3 ball ballpark for this year and next one and will accelerate from there onwards.

China, Vietnam, Bangladesh, Malaysia no one follows import led economic growth. Their economy is based on sound foundations.

Import led growth is just a bubble, the best way to describe it is 'you think you are getting richer but in fact you get poorer every single day'.

 

[Syed1.]

This shit doesn't deserve tweet from PM. Not sure who handle his twitter but he is making fool of himself.

What matters for Pakistan is GDP growth rate and exports. Curbing imports just mean less GDP growth and revenues. Ideally we need to finance trade deficit with exports. If you cannot bring good news on that front then STFU.

PTI should have crossed exports to over $30b by now.

Why did exports decrease from $25b in 2013 to $23b in 2018?

 

[The Accountant]

This surplus is meaningless. The only reason the government has s CA surplus is because they didn’t make any interest or loan payments this year. Wait till next year you will note a much higher CA deficit than ever. I feel sorry for the poor idiots who buy this manipulation of numbers. The reality on ground in Pakistan is worst than ganja and chor zardari’s tenure combined. The truth is no matter how this government twists facts and words, it has lost all credibility along with 80% of the public support it enjoyed before elections. Those who have a hard time processing this will find this out very soon.

Before calling anyone idiot just google definition of current account. Current account has nothing to do with loans and interest.

Not understanding something can be tolerated but calling other idiots based on incorrect information is stupid.

This shit doesn't deserve tweet from PM. Not sure who handle his twitter but he is making fool of himself.

What matters for Pakistan is GDP growth rate and exports. Curbing imports just mean less GDP growth and revenues. Ideally we need to finance trade deficit with exports. If you cannot bring good news on that front then STFU.

PTI should have crossed exports to over $30b by now.

Have you even google GDP formula ? Import is negative figure in GDP. Higher the import lower the GDP.

Its actually consumption which was previously being supported from imports and now is being substituted by local manufacturing.

 

[alibaz]

This surplus is meaningless. The only reason the government has s CA surplus is because they didn’t make any interest or loan payments this year. Wait till next year you will note a much higher CA deficit than ever. I feel sorry for the poor idiots who buy this manipulation of numbers. The reality on ground in Pakistan is worst than ganja and chor zardari’s tenure combined. The truth is no matter how this government twists facts and words, it has lost all credibility along with 80% of the public support it enjoyed before elections. Those who have a hard time processing this will find this out very soon.

So you don't feel any difference between deficit of 18 Billion USD in FY 2017--18 and a surplus of some 700 million in a quarter, resultantly USD that plunged to 168 is slowly coming down to 162. If country doesn't had to pay interest/ loans then it had to spent much extra on unforeseen, faced lockdowns resulting into drastically reduced exports. As the world opens we will see increase in exports as well as foreign remittances. Though a little surplus for a small period means nothing much but its heartening to see that we are moving in right direction.

 

[ziaulislam]

This shit doesn't deserve tweet from PM. Not sure who handle his twitter but he is making fool of himself.

What matters for Pakistan is GDP growth rate and exports. Curbing imports just mean less GDP growth and revenues. Ideally we need to finance trade deficit with exports. If you cannot bring good news on that front then STFU.

PTI should have crossed exports to over $30b by now.

what they have magically printing machine that will print exports..
exports is cut throat competition ..

i dont expect exports to move significantly in next 2-3 years..no country has achieved instant export success..it take years to build upon it..

having said that govt has somehow manage a 4-5% increase in exports which is truly surprising.

remember the exports dropped by 20% from 2012-2018 or by on average of 4-5%/year

so understand, you are asking PTI to not only reverse the trend but also increase the exports by almost 50%..

why not say increase it to 100b..i mean if you want be outrageous then be truely outrageous

ultimately the govt aim is GDP growth, not exports but you need imports and you need to cover that with exports subsitution, exports or remittances..remittances are fragile so should not be the main source, but both exports or import subsitution is equal in effectiveness


the easisets import substitution is food items..next was mobile imports(~2b/yr), that we did curb and are lookign at local assembly

 

[hamilcar of carthage]

Okay, let's talk some hard cold fundamentals.

1. covid reduced imports.
2. In nawaz time 23 billion for 121 per dollar. its 161 now, the export should have increased. The numbers are misleading
3. export has not increased.
4. CPEC projects are nearly finishing, which also is causing the CAD to contract.
5. GDP growth rate is 1 percent.
6. No vision on trade increase.
7. The government is not doing enough, their team is inexperienced.
8. no regulation on companies, really bad. The war on mafias is a facade, its just a show. The IPPs are master at legal discourse, gov cannot do anything. Drug and pharmas are simply untouchable.
9. The best thing is to make money urself, Pakistan is already a used corn.

 

[Imran Khan]

Heartening to note that there was a higher trade deficit in September not the back of imported cheese, water and cosmetics as was happening during the Noony Tunes era, but due to 62% increase in food import (to curb inflation) and 21% increase in machinery import (good signs for industrialization).

pakistan import 110mn$ toilet papers sir