Revised Data of Import of only goods stand at August 2021 is 6.5 billion dollar, Deficit is at 4.3 billion dollar and CAD will above June 2021 numebrs

[Desprado]

Revised Data of Import of August 2021 is 6.5 billion dollar.

https://twitter.com/x/status/1434185569664393216

Trade Deficit

https://twitter.com/x/status/1434186282557640705

Can it much beyond when RLNG prices updates come to effect.

Reza Baqir August Statement before getting IMF 2.75 billion dollar

"high current account deficit could reverse progress of a country if it impacts the exchange rate or reduce foreign exchange reserves."

So now ,which loillpop do you suggest he give on Monetary Policy in September 27th? As exchange rate ka to rape hochuka.

https://tribune.com.pk/story/2315131/high-current-account-deficit-not-worrying-baqir

According to Samiuallah Tariq. Most of the increase is due to import SUV, Luxury cars, and Luxury hosing stuff.

So you can expect 100% more CAD than June 2021 had.

 

[Big_bud]

Increase in imports due to one off industrial machineries being imported by several auto manufacturers.

 

[TheDarkKnight]

"high current account deficit could reverse progress of a country if it impacts the exchange rate or reduce foreign exchange reserves."
That is still correct, but the numbers you posted are about trade deficit and not CAD.
First learn the difference between these two and the create threads.

 

[Desprado]

"high current account deficit could reverse progress of a country if it impacts the exchange rate or reduce foreign exchange reserves."
That is still correct, but the numbers you posted are about trade deficit and not CAD.
First learn the difference between these two and the create threads.

Sir Pakistan never witnessed 4.3 billion trade deficit in one month and even currency was PKR 100 against dollar. Something is very wrong and Market base currency has flopped.

And sir reserve excuse. In 2017, Overvalued currency we still had 4 months of import cover, now with 6.3 billion dollar ratio of 3 months we have only 3.1 months of import.

Some people mocked and you trying while said all the something 2 months back and people did not believed and mocked me.

As for CAD. Our CAD of August alone will me more than entire FY year of FY 2021. You can screenshot it.

 

[Norwegian]

As exchange rate ka to rape hochuka.

Good it should be raped

Sir Pakistan never witnessed 4.3 billion trade deficit in one month and even currency was PKR 100 against dollar. Something is very wrong and Market base currency has flopped.

And sir reserve excuse. In 2017, Overvalued currency we still had 4 months of import cover, now with 6.3 billion dollar ratio of 3 months we have only 3.1 months of import.

Some people mocked and you trying while said all the something 2 months back and people did not believed and mocked me.

As for CAD. Our CAD of August alone will me more than entire FY year of FY 2021. You can screenshot it.

So? Let currency devalue. What's the problem?

 

[ziaulislam]

Sir Pakistan never witnessed 4.3 billion trade deficit in one month and even currency was PKR 100 against dollar. Something is very wrong and Market base currency has flopped.

And sir reserve excuse. In 2017, Overvalued currency we still had 4 months of import cover, now with 6.3 billion dollar ratio of 3 months we have only 3.1 months of import.

Some people mocked and you trying while said all the something 2 months back and people did not believed and mocked me.

As for CAD. Our CAD of August alone will me more than entire FY year of FY 2021. You can screenshot it.

So you agree CAD is bad..uptill now zero % patwaris agree to this

I am in your group..i believe 2% CAD is okay but pushing it 6% is psuhing your luck(like 2018)at current gdp levels 6b$ per year of CAD is acceptable and will not drop the reserves
So what was the deficit in last 6 months?
Trade deficit of GOODS is meaningless..doesnt mean anything

 

[hydrabadi_arab]

At least some internet public this time know disaster we are heading towards. This is a first. PTI too have told the same story since 2018. Tareen wings should be cut off before its too late. Fact is Pakistan isn't ready for sustainable 6-7% GDP growth rate yet. Accept the fact and move towards real reforms. India is struggling and they have done million things better then us.

Its not too late. People say this time at least exchange rate is market based but volatile rupee will discourage investment as well. Time to rise tax on cars, increase interest rate to 9%, increase electricity tariff, petrol levy etc

 

[Maula Jatt]

yeah Tareen wants growth and we can theatrically grow at 6-8% in a year or two - not that big of an issue

but the issue was these problems

can we handle these issues?

if not than what's the solution
not grow and stay stagnant for the time being? - what's the guarantee that it'll fix the issue?

 

[Norwegian]

yeah Tareen wants growth and we can theatrically grow at 6-8% in a year or two - not that big of an issue

but the issue was these problems

can we handle these issues?

if not than what's the solution
not grow and stay stagnant for the time being? - what's the guarantee that it'll fix the issue?

Growing an economy is not a problem, never was. Sustaining the growth is, always was.

 

[Maula Jatt]

Growing an economy is not a problem, never was. Sustaining the growth is, always was.

both @Desprado and @hydrabadi_arab are saying this is not the time for growth, it bring more problems than solutions

am I correct or missing something?

If we agree with them, what's their reasoning?
how is not growing at 6% plus a solution

 

[CriticalThought]

both @Desprado and @hydrabadi_arab are saying this is not the time for growth, it bring more problems than solutions

am I correct or missing something?

If we agree with them, what's their reasoning?
how is not growing at 6% plus a solution

We need growth in exports, not just a simple growth in GDP.

 

[Norwegian]

both @Desprado and @hydrabadi_arab are saying this is not the time for growth, it bring more problems than solutions

am I correct or missing something?

If we agree with them, what's their reasoning?
how is not growing at 6% plus a solution

We need growth in exports, not just a simple growth in GDP.

Exactly. A sustainable growth is when exports or foreign exchange reserves grow naturally

 

[Maula Jatt]

We need growth in exports, not just a simple growth in GDP.

150% agree with you

but our export's are growing at a pretty good rate (for the situation we are in) - this exactly what Pak is focusing on rn

but our imports are also growing and rapidly at that (due to rise in prices around the globe)

this catch 101 is something we are struggling with rn

 

[Mav3rick]

Increase in imports due to one off industrial machineries being imported by several auto manufacturers.

What nonsense, the machinery is part of FDI by the auto-manufacturers/assemblers and hence has no impact on imports.

"high current account deficit could reverse progress of a country if it impacts the exchange rate or reduce foreign exchange reserves."
That is still correct, but the numbers you posted are about trade deficit and not CAD.
First learn the difference between these two and the create threads.

Even though the remittances, FDI, Aid, imports, exports etc., come into play when speaking on the overall CAD; however, can any sane mind say with conviction that TD does not weight heavily on CAD, more so than any other item?

 

[CriticalThought]

150% agree with you

but our export's are growing at a pretty good rate (for the situation we are in) - this exactly what Pak is focusing on rn

but our imports are also growing and rapidly at that (due to rise in prices around the globe)

this catch 101 is something we are struggling with rn

There is a lot of accounting jugglery you can do to show increased exports but in reality they might not have any impact on the exchange rate.

Example 1: company earns dollars in America, saves them in a bank in America, pays for machinery in America to be imported into Pakistan, reports the export and import but no conversion between dollar and rupee has taken place.

Example 2: Send sugar overseas but local agents pay you in rupees. Then you import it back at exorbitant price in dollars.

These are just examples, I am not saying this is actually happening. But I don't have any trust in the system, so that export figure is suspicious.

It is very widely known what needs to be done to improve our main export: textile. We need to go back to being a net cotton producer. What is being done for this? Nothing. If your plan is to import expensive cotton, or inexpensive Indian cotton (when India is your enemy) then you don't really have a plan. You don't want Pakistan to become economically strong and stable. So zero trust in the government.