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Exports cross $2bn for seventh consecutive month after a decade.

Bilal.

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Other countries are trying to maintain their position in comparison to last year. We are improving. Already improved 10% around. Expecting improvement of 34-35% in a single year in the middle of a global pandemic where majority countries banned cargo imports is nothing more than day dreaming.
If you read again, you will understand what I wrote was to reach $2.5B now (last couple of months of the financial year). That would also be inline with the start of the year target which I remember was $26-27B. A target that was set and deemed achievable when pandemic was already a reality.
 
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ziaulislam

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Wow, no wonder Pakistan economy is in this mess. By now monthly exports should have doubled compared to 2011.
Just like it doubled from 25b in 2011 to 21 b in 2018
Other countries are trying to maintain their position in comparison to last year. We are improving. Already improved 10% around. Expecting improvement of 34-35% in a single year in the middle of a global pandemic where majority countries banned cargo imports is nothing more than day dreaming.
Which most pakistani are use to
"If you cant deliver a miracle then i am go back to person who did this to me"
I hear this as doctor all the time and see it in the news all the timw
Matter of fact PTI has done what i expected ..didnt expected miracle as we didnt saw miracles in KPK but we saw some positive work
 

CrazyZ

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Wow, no wonder Pakistan economy is in this mess. By now monthly exports should have doubled compared to 2011.
Increasing export growth is conceptually simple. Insure competitiveness compared to peers, throw in lots of manpower and capital investment.....and growth will occur. Problem for Pakistan historically has been competitiveness (PPP after effects) and low capital investment. New SBP chief and civil military's leaderships focus on economy will change this in time....but will be tougher during a pandemic.

Pakistani textiles plants have been working at full capacity. Investments made today will take years before they will be seen. If previous governments had invested more capital into export industries then exports would have surged even more after devaluation.
 
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ziaulislam

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Increasing export growth is conceptually simple. Insure competitiveness compared to peers, throw in lots of manpower and capital investment.....and growth will occur. Problem for Pakistan historically has been competitiveness (PPP after effects) and low capital investment. New SBP chief and civil military's leaderships focus on economy will change this in time....but will be tougher during a pandemic.

Pakistani textiles plants have been working at full capacity. Investments made today will take years before they will be seen. If previous governments had invested more capital into export industries then exports would have surged even more after devaluation.
Exports are yet growing at very healthy pace of 5-7%
Had we grown at this pace during inqlabi zardari and spectacular nawaz sharif our exports would have been at 50b today(7%= doubling time 10yrs)
 

Bilal.

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Exports are yet growing at very healthy pace of 5-7%
Had we grown at this pace during inqlabi zardari and spectacular nawaz sharif our exports would have been at 50b today(7%= doubling time 10yrs)
Exactly why I want this gov. to perform to the point that it shuts the mouths of the propagandists.

They need to win the next election or we will be back in the hole with the “tajurbakar” team.
 

ziaulislam

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Exactly why I want this gov. to perform to the point that it shuts the mouths of the propagandists.

They need to win the next election or we will be back in the hole with the “tajurbakar” team.
It wont
Look in 2023 you will
Have exports of 30+b$ up from 22b$
CAD well controlled
Growth of 5-6%
Most institutions reformed
KIV near completion and KCR started
Munda dam and dasu near completion and bhasha startes

This will be best 5 yrs in last 50 years taking out mushi 3 years

But will people of pakistan vote back PTI?
no ..just like musharraf lost in 2008 so will PTI
 

Mk-313

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Very Normal figure , if you consider a foreign Mega Companies in western world makes 2-5 Billion profit every 4 years

In there 4 month quarterly reports they announce a healthy profit to investors around 4-5 billion range.

Pakistan being a Country should be earning 10-20 billion profit every 4 months


Still Many Segments can be improved apart from just farming sector and dairy and meat production

> PIA (Partially Active , Impacted by Covid-19)
> Steeles Mills (Closed asset /Un used ) One of larges industrial Units in Country
> Railways (Partially Active only breaking even / Tiny profits now and than )
> Pakistan Auto Manufacturing ( Below Average Mixture of Private-Foreign partnership)
> Textile Industry (Fair Performance)
> Pakistan Post ( Improving / Fair Performance being modernized)
> NADRA Government ID/Passport Service (Fair Performance)
> PTV (Need to Grow/ Improve Market Capture Audience / Develop next generation programming)
> WAPDA (Fair Performance, benefiting from CPEC funding and Dam Constructions )
> Coal Power Plant (Excellent Performance)
> Karachi Port (Excellent Performance)
> Gwadar Port (OK Performance too new to rate)
> Pakistan Radio (Great Outreach , need to be Expanded)
> Pakistan Telecom Sector (Excellent Performance)
> Pakistan Banking Sector (Fair Performance - Benefiting from Roshan Digital Account )
>
Recycling / Sewage clean up (Poor)
> Power Transmission Lines Infrastructure (Poor)
> Power Plants / Hydro Power Generation (Improved from Good to Excellent)
> Hospital Network (Poor)
> Halal Meat Exports (Unknown - none existent)
> IT/Software ( Below Average only making basic stuff nothing at level of Ali Baba or Amazon)

> City Transport (Need Single Company to Run all these Assets and Universally introduce Quality Standards )
  • Lahore Train (Should be for Profit Running No Subsidy )
  • Lahore Transit (Should be for Profit Running No Subsidy )
  • Islamabad/Rawalpindi Transit (Should be for Profit Running No Subsidy )
  • Multan Transit (Should be for Profit Running No Subsidy )
  • Peshawar Transit (Should be for Profit Running No Subsidy )
  • Karachi Transit (Under Development)
  • Karachi Circular Rail (Under Development)


> No National Engineering Unit (Poor) (No Single Entity which employs 100,000 Engineers for Local and Global Projects Engineers scattered across lot of tiny companies ) . No Entity exists which can be counted on to Supply Engineers to fix Engineering challenges in Local Industries and propose solutions, We have to wait 5 billion dollar loan to get foreign consultant to come and advice
  • Need local Body at Federal Level - to propose long term solutions to local city problems outside of influence of Provinces

agree with the guy. Apple this quarter alone did $110 billion in revenue with $40 billion alone in profits.
$2 billion are not striking figure for an entire country

also quarter is a 3 month period not 4
 

Baby Leone

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“The REER stood at around 130-140 on the index during former finance minister Ishaq Dar’s times (when he artificially controlled the rupee and kept it overvalued during 2008-13)” Topline Securities Director Research Syed Atif Zafar recalled.
Ishaq Dar was not in there in that period he came in from 2013-2018 tenure.
 
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Very Normal figure , if you consider a foreign Mega Companies in western world makes 2-5 Billion profit every 4 years

In there 4 month quarterly reports they announce a healthy profit to investors around 4-5 billion range.

Pakistan being a Country should be earning 10-20 billion profit every 4 months


Still Many Segments can be improved apart from just farming sector and dairy and meat production

> PIA (Partially Active , Impacted by Covid-19)
> Steeles Mills (Closed asset /Un used ) One of larges industrial Units in Country
> Railways (Partially Active only breaking even / Tiny profits now and than )
> Pakistan Auto Manufacturing ( Below Average Mixture of Private-Foreign partnership)
> Textile Industry (Fair Performance)
> Pakistan Post ( Improving / Fair Performance being modernized)
> NADRA Government ID/Passport Service (Fair Performance)
> PTV (Need to Grow/ Improve Market Capture Audience / Develop next generation programming)
> WAPDA (Fair Performance, benefiting from CPEC funding and Dam Constructions )
> Coal Power Plant (Excellent Performance)
> Karachi Port (Excellent Performance)
> Gwadar Port (OK Performance too new to rate)
> Pakistan Radio (Great Outreach , need to be Expanded)
> Pakistan Telecom Sector (Excellent Performance)
> Pakistan Banking Sector (Fair Performance - Benefiting from Roshan Digital Account )
>
Recycling / Sewage clean up (Poor)
> Power Transmission Lines Infrastructure (Poor)
> Power Plants / Hydro Power Generation (Improved from Good to Excellent)
> Hospital Network (Poor)
> Halal Meat Exports (Unknown - none existent)
> IT/Software ( Below Average only making basic stuff nothing at level of Ali Baba or Amazon)

> City Transport (Need Single Company to Run all these Assets and Universally introduce Quality Standards )
  • Lahore Train (Should be for Profit Running No Subsidy )
  • Lahore Transit (Should be for Profit Running No Subsidy )
  • Islamabad/Rawalpindi Transit (Should be for Profit Running No Subsidy )
  • Multan Transit (Should be for Profit Running No Subsidy )
  • Peshawar Transit (Should be for Profit Running No Subsidy )
  • Karachi Transit (Under Development)
  • Karachi Circular Rail (Under Development)


> No National Engineering Unit (Poor) (No Single Entity which employs 100,000 Engineers for Local and Global Projects Engineers scattered across lot of tiny companies ) . No Entity exists which can be counted on to Supply Engineers to fix Engineering challenges in Local Industries and propose solutions, We have to wait 5 billion dollar loan to get foreign consultant to come and advice
  • Need local Body at Federal Level - to propose long term solutions to local city problems outside of influence of Provinces


Gem of a post
 

Hakikat ve Hikmet

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Thats sbp data not pbs. We will surpass that this year. The cummulative figures are highest in a decade for 10 months in any FY. Will cross 25b this year. Highest is 26b under ppp.

We went in reverse gear during plmn era. Dar messed up the economy and took us back a decade.


A REER below 100 means the country’s exports remain competitive and import expensive. The situation reverses when REER stands above 100 on the index.
“The REER stood at around 130-140 on the index during former finance minister Ishaq Dar’s times (when he artificially controlled the rupee and kept it overvalued during 2008-13)” Topline Securities Director Research Syed Atif Zafar recalled.


See for yourself how our economy was destroyed by plmn. Also the ruppe REER value hit 140 during plmn but was artificially manipulated.

Now in March REER stands at a perfect 100.
Looks like the previous 2 regimes in Pak were programmed to kill Pak from inside! And, so is the entire opposition in Pak! The Pak Deep State must have a detailed plan to liquidate them all.....
 

PakPrinciples

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Thats sbp data not pbs. We will surpass that this year. The cummulative figures are highest in a decade for 10 months in any FY. Will cross 25b this year. Highest is 26b under ppp.

I don't understand what you mean by "Thats sbp data not pbs"

The PBS data largely matches the SBP data on trade if anything the SBP data is more accurate because they keep revised figures whereas looking over the PBS data they don't and their presentation of the data is a lot messier.

As for the part about the cumulative figures being the highest in any 7 month stretch in the country's history neither the SBP nor PBS seem to have published the April export figures so I can't comment.

However we saw 10 months of consistent $2+ Billion exports from November 2017 to August 2018. Furthermore, from June 2020 to March 2021 we saw $20.273 Billion in exports versus $21.246 Billion in exports from November 2017 to August 2018.
Pakistan | Export and Import of Goods and Services Archive

So we've done better in the past if all we're focusing on is raw export data.

"Record exports"' can not be made in the middle of a global pandemic. It's good that we are not in negative.

From my perspective the pandemic helped Pakistan as did the rupee devaluation before it not just with our trade deficit but also helping to pay down sovereign debt.

Pakistan is a nation which imported over 200% more than it exported so even though we saw a decrease in our exports we saw a much larger decrease in our imports which resulted in a large decrease in our overall trade deficit (i.e. the FY20 trade deficit decreased by around $10 Billion USD compared to FY19) because even though exports decreased approximately $3 Billion USD in FY20 our imports dropped approximately $12 Billion USD.

The rupee devaluation made our exports cheaper, our imports more expensive and than the Covid19 pandemic resulted in a dramatic decrease in global oil/gas prices which helped Pakistan not hurt it.

My advice to Pakistani state is develop some ghairat like India. Look at them, how their reserves grow along with exports. They are not looking towards IMF despite -10 GDP growth rate. Pakistan make their head of state beg like no other, in my life time I've seen Musharraf, Zardari, Nawaz and now Imran Khan begging for debt relief. Don't take loans for short term growth goals.

My personal view is that there is this nonsensical emphasis on becoming a "welfare state" by every government since the 90s.

I'm all for welfare to help out the needy but that's for later in Pakistan's development once it has the industry to support it.

Nawaz Sharif lowered protective tariffs in the mid 90s and Musharraf followed suit and no government has reversed course since then. Those tariffs weren't only a large source of government revenue that could have been re-invested into local industries but the reductions resulted in a subsidy on everything for everyone and alongside dumb FTA's signed with countries like China they've progressively killed Pakistan's industries particularly its once burgeoning technology sector.

Until we get off the welfare wagon and focus on tax collection and re-investment of those tax revenues into industry to create jobs and encourage people to save and invest those savings it'll be more of the same. If the government wants to help people it would be better off investing in housing along with raising the minimum wage and enforcing it as well as banning child labor which is what happened in the US during its early years of development.
 
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PAKISTANFOREVER

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Exports cross $2bn for seventh consecutive month

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News Desk

Exports-Japan


Pakistan’s exports have crossed the $2-billion mark for seven successive months (Oct-April) of FY21, according to a tweet by Adviser to Prime Minister on Commerce Abdul Razak Dawood on Sunday.
Taking to Twitter, Dawood said that Pakistan’s export for April 2021 stood at $2.191 billion.
“This is the first time since 2011 that our monthly exports have crossed the 2-billion mark for 7 consecutive months.”


He said that the commodities sent abroad reported a growth of 129 per cent over April 2020; however, the month could not be taken into account due to lockdown last year.
Article continues after this advertisement

He added that exports for Jul-April 2021 grew by 13pc to $20.879 billion as compared to $18.408 billion during the same period last year.
Although the country’s exports are expected to face the impact of Covid-19 in the current fiscal year, the International Trade Centre’s latest export potential assessment for Pakistan sees the country’s exports rising by up to $12 billion by 2024.
The report, which is based on a survey of 1,152 importers and exporters, identifies the toughest trade hurdles facing Pakistani businesses. It gives policymakers insight into which policies, procedures and facilities must be strengthened to reduce trade costs and boost competitiveness.



Hopefully this continues Inshallah!
 

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