A comparative analysis at a basic level.
a) Exports CY basis (Jan-Dec)
Our exports dropped as the result of lack of competitiveness which ultimately led to erosion of capacity. (CY20 is when corona hit).
b) REER value of currency.
From a fairly valued currency in 2013 which should have been maintained SBP interference in currency began ( the longetivity of period clearly shows that it was done as a policy decision by political interference in SBP operations).
c) Remittances.
For 4 years from FY 2014 - FY 2018 our remittances inflows were stagnant and the natural growth momentum/trajectory was subdued due to artificial manipulation of currency.
During the same 5 year period India and Bangladesh enhanced their exports by roughly 50%, making their currency and macros fundamentally strong.
a) Exports CY basis (Jan-Dec)
Our exports dropped as the result of lack of competitiveness which ultimately led to erosion of capacity. (CY20 is when corona hit).
b) REER value of currency.
From a fairly valued currency in 2013 which should have been maintained SBP interference in currency began ( the longetivity of period clearly shows that it was done as a policy decision by political interference in SBP operations).
c) Remittances.
For 4 years from FY 2014 - FY 2018 our remittances inflows were stagnant and the natural growth momentum/trajectory was subdued due to artificial manipulation of currency.
During the same 5 year period India and Bangladesh enhanced their exports by roughly 50%, making their currency and macros fundamentally strong.