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Ministers celebrating $2.9bn exports but avoid reporting $7.85bn imports, trade deficit at about $5bn in moth of Nov 2021.

Desprado

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@Zibago mera bahi. The situtation is bad that Saudi has put condition that those 3 billion dollar that they agree to give on Oct which would used and now it cannot be used and just a show piece in our reserve. In Nov 19th SBP said that GOP, MOF and MOC fail to secure most needed loans in Sep and Oct and due to delay now Pakistan has to pay beyond 4 billion dollar alone in Dec this month. They said Pakistan is going to face much worse BOP than 2018 in Dec.
 

Desprado

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When i say i do not lie i do not lie.
Adviser on Commerce Razak Dawood told a news conference that the import bill increased mainly due to wheat and sugar imports. He said the import value of wheat and sugar stood at USD 1.2 billion in the outgoing fiscal year, reported Dawn.

Similarly, he said the import value for cotton stood at USD 1.2 billion due to a shortage in domestic production while machinery imports stood at over USD 8 billion -- an indication of expansion in the industrial base.

The import bill is also rising mainly due to the increased imports of petroleum, soybean, machinery, raw material and chemicals, mobile phones, fertilizers, tyres and antibiotics, and vaccines.
 

Riz

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Desprado

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And stop posting these uneducated patwaris , if you think 3 billions wasted due to trade deficit then how you justify the all aid received by PMLN during 30 billions plus trade deficit?

You don’t have brain to differentiate between a horse and donkey so leave it
Only speech is different and result is same. PMLN had some better result but both method are same in a different manner. No one can govern like Musharf did. He was one the best with Shaukat Aziz.
 

Pandora

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what is the status of remittances? Also need to factor in the fact that imports are high bcz consumer items are very expensive in International market. Oil, Edible oil, processed tea etc all account for major chunk of imports whose price have increased manifolds.

Trade deficit might be high but overall CA is still at manageable levels compared to what was left to us by harami Ishaq Dollar and nawaz sharief. 20 billion dollars in CA deficit which hopefully Pakistan will never get to see again.
 

Desprado

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what is the status of remittances? Also need to factor in the fact that imports are high bcz consumer items are very expensive in International market. Oil, Edible oil, processed tea etc all account for major chunk of imports whose price have increased manifolds.

Trade deficit might be high but overall CA is still at manageable levels compared to what was left to us by harami Ishaq Dollar and nawaz sharief. 20 billion dollars in CA deficit which hopefully Pakistan will never get to see again.
Already 8 billion dollar now after taking Remittance into account in just 5 months. Honesty or Imran Khan Islamic lecture will not give pakistan free dollars like Imran Khan thought. Hard working does, which Imran Khan does not want or his government does not want to do.

8 billion CAD means 8 billion dollar either it is PMLN, PPP or PTI it will taken from People Pakistan to pay no matter how much honest person is or how good his speech is. Debt is debt.
 

Pandora

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Already 8 billion dollar now after taking Remittance into account in just 5 months. Honesty or Imran Khan Islamic lecture will not give pakistan free dollars like Imran Khan thought. Hard working does, which Imran Khan does not want or his government does not want to do.

8 billion CAD means 8 billion dollar either it is PMLN, PPP or PTI it will taken from People Pakistan to pay no matter how much honest person is or how good his speech is. Debt is debt.
Well This year our CA deficit is high is not bcz of debt repaymenta bcz PTI managed to convert lots of short term debt to long term in first couple of years. Despite that debt repayment per year stand at 10 billion which are all short term debt like the ones we got from China 3 billion UAE 1.5 billion KSA 2 billion IMF repayments almost 5-6 billion in next 1-2 years.

This year our CA deficit is high bcz 1- Petro products Oil and LPG prices are sky rocketing 2- Edible oil prices are high 3- All consumer product prices are sky rocketing bcz of 1 and 2. All these 3 make up almost 25-30 billion of our import bill. Rest are associated with machinery imports which we simply cant get rid of if we want to give boost to export industry.

Let not forget Ishaq dollar left us with 20 billion in CA deficit and 40 billion in Trade deficit.
 

Bilal.

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What i am saying entire tax bases is going to change in mini budget. 60% of this budget depend on custom duties this i told you in June. They are going to take back all these 60% benefit and also increase income tax by some percent and also change PDL by 300 billion rupee.
Let me quote exactly what you said:

“PTI will change 70% of there budget and it is happening this week.”

Now please provide the calculation for your claim. Otherwise, just admit what you said was wrong.
 

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