• Monday, September 23, 2019

Pakistan Exports increase to 25bn USD, while Remittance - 22bn USD

Discussion in 'Pakistan Economy' started by SSGcommandoPAK, May 9, 2019.

  1. SSGcommandoPAK

    SSGcommandoPAK SENIOR MEMBER

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  2. Goenitz

    Goenitz SENIOR MEMBER

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    whats indian remittance value?

    sell JF17 to Malasiya for Palm Oil.. 3 billion dollar imports... I think on tea we spend 2b$...
     
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  3. SSGcommandoPAK

    SSGcommandoPAK SENIOR MEMBER

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    Around 70bn USD
     
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  4. xyxmt

    xyxmt BANNED

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    when I went to Pakistan is 2018 and spent USD 3000 (converted to Rs. in bank), does that count as remittance or export.
     
  5. monitor

    monitor SENIOR MEMBER

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    Foreign exchange is nearly 9 billion dollar
    Rank 76
    Country or region Pakistan
    Foreign exchangereserves (millions of US$)
    8,805
    Figures as of 26 April 2019

    Why so huge difference 47 billion verses 8 billion. Minister's might confused between million and billion.
     
  6. Syed1.

    Syed1. SENIOR MEMBER

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    Sounds about right, their number of expats is several times more than ours.



    Actually 8-9 billion is held with SBP, and then 7-8billion is held with private banks.


    Forex stand at 16b as of 9th May 2019
    http://www.sbp.org.pk/ecodata/forex.pdf


    And the "foreign exchange" in the OP is just exports + remittances, 25+22 = 47
     
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  7. Axomiya_lora

    Axomiya_lora FULL MEMBER

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    As credit in your country's current account.
     
  8. Syed1.

    Syed1. SENIOR MEMBER

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    So if we add exports + remittances + FDI - import, we get 25 + 22 + 3 - 55 = -5


    So PTI has successfully managed to bring deficit down to easily manageable levels. Well done. Now need rapid increase in exports to cut trade deficit.
     
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  9. jericho

    jericho FULL MEMBER

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    upload_2019-5-9_14-23-9.png


    upload_2019-5-9_14-23-43.png
     
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  10. ziaulislam

    ziaulislam ELITE MEMBER

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    current CAD was artificially created by doing two things
    1. keeping rupee overvalued and high state bank lending(put simply printing notes)
    2. keeping interest rates low

    this was done so in short term govt gets huge amount of money to spend to create an artificially strong short term growth but long term you cant sustain steriod use

    unfortunately this has been done for last 30 years..

    pakistan is like a body builder who lacks discipline end up using steroids and end up in hospital
     
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  11. Syed1.

    Syed1. SENIOR MEMBER

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    I don't know what exports figure in PKR is meant to signify. World over the standard is to measure exports/imports in USD so that everyone can be judged on a level playing field.
     
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  12. ziaulislam

    ziaulislam ELITE MEMBER

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    a deficit of 8b$ is pretty normal for pakistan like economies but the damage has been done, investors are out and lending will be expensive, thus a "doctor checkup"/IMF is needed before business as usual starts

    what IMF would want will be
    1. fiscal discipline(increase tax revnues)
    2. decrease spending(cut all subsidizies for rich and middle class)

    what pakistani society is has complete lack of common sense, they think making domestic gas expensive is hitting the poor when 70% people dont even have gas..seems people of pakistan dont even grasp what the poor (dying of hunger/living in slums) are like or even exist

    i think govt should do three things
    1. end all subsidizes to general public
    2. make OGRA & NEPRA independent
    3. privitize or imporve all state enterprises
    e.g PTV has budget of 20b rs greater than all other channels of pakistan!
     
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  13. Peaceful Civilian

    Peaceful Civilian ELITE MEMBER

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    This Government is working day & night to reduce deficit. Give government 5 year. I am sure we will be much better position.
     
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  14. SSGcommandoPAK

    SSGcommandoPAK SENIOR MEMBER

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    Very scary analysis by Najam Sethi :undecided:
     
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  15. DeadSparrow

    DeadSparrow FULL MEMBER

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    [​IMG]

    Yeh bakwas bahot sun chukay ham PTI or Asad Umar say.

    Kuch din baad pir yahi jhootay log doosray figures deygay or log yeh sab bhool jayegay.

    Pagal kar diya hai logo ko PTI nay.

    In jhooto ki batein suno

    https://www.geo.tv/latest/234184-pakistan-to-sign-6-8-billion-agreement-with-imf-asad-umar

    https://www.pakistantoday.com.pk/2019/01/12/govt-to-present-second-mini-budget-on-jan-23-asad-umar/

    We need imf, we don't need imf. Economy is crap, economy is good. We will not raise electricity prices, we will raise prices. We don't accept imf conditions, we hired imf to negotiate imf.


    PTI ki leadership itni great ho gayi hai jhoot (Uturns) leitay leitay k yeh bhool gayi hai pechli raat kya kaha tha.
     
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