• Thursday, January 23, 2020

Pakistan has secured $1.622 billion foreign inflows in the first two months

Discussion in 'Pakistan Economy' started by Asad200, Sep 24, 2019.

  1. Asad200

    Asad200 FULL MEMBER

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    Foreign inflows jump in July, August

    [​IMG]

    ISLAMABAD: Mainly supported by the International Monetary Fund (IMF) programme, Pakistan has secured $1.622 billion foreign inflows in the first two months (July-August) of the current fiscal year – almost 100 per cent higher than $820 million last year.

    The latest data of the Economic Affairs Division on foreign assistance, a classification in which they include loans and grants, shows foreign inflows amounted to Rs258.6bn ($1.622bn) in two months compared to Rs102.67bn ($820 million) of the same period last year.

    The full year target of foreign inflows is Rs3.032 trillion (about $19bn) for the whole financial year 2019-20 against last year budget target of $9.7bn (Rs1.113 trillion). Last year the government secured about $16bn in loans, including one-off injections by Saudi Arabia, China and the UAE.

    The EAD data showed that Pakistan received about $919m (Rs146bn) from multilateral lenders, $321.5m (Rs51.7bn) from commercial loans and $382m (Rs61bn) from bilateral lenders.


    Khaleeq Kiani Updated September 24, 2019

     
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  2. batmannow

    batmannow ELITE MEMBER

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    Thts Jst presenting one side of tht bad picture, cause thats all what the IMF sponsored financial team has to do?
    Right now, biggest car manufacturesrs like Toyota, Honda and Suzuki has stopped thier production line and may get out of Pakistan?
    While these jokers keep presenting these kind of incomplete reports to let Pakistans media and pakistani poor ppls rest in peace?
    It's simple, PTI govt has no knowledge about how to run finances of a country, nor they hve vission to bring more investors?
    All thy can do, is jst to follow the path given by IMF , which Jst been made to squeeze as much as posible from Pakistans financial viens, while bringing pakistan at a place where its been asked to give up its nuclear assets, give up kashmir, give up CEPEC , accept state of Israel!
    and live like others in South Asia by accepting Indias financial and military might and be a colony of it?
    Thts wht the PTI govt will bring pakistan as a bright future?
    PTI govt is a clear and preasent danger to pakistan economy, and it's existance as country
     
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  3. Haris Ali2140

    Haris Ali2140 SENIOR MEMBER

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    Toyota,Suzuki,Honda did not evolve with time and relied on imports.That's what you get when you are importing 70% of parts.
    If they would have localized the production it would not only have saved them but also lowered the prices of cars.
     
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  4. Baby Leone

    Baby Leone SENIOR MEMBER

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    right plus they want monopoly and blackmail GoP for such a long time while selling expensive junk to Pakistani people
     
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  5. macnurv

    macnurv SENIOR MEMBER

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    So let them get out, for past 5 decades what exactly had they achieved? Nothing but monopolising the market, selling crappy products at inflated pricing. This is nothing but a blackmail tactic, so continue this non-sense.
     
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  6. Haris Ali2140

    Haris Ali2140 SENIOR MEMBER

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    Localizing production means a lot of planning and using the profits you earn.Its a costly project but with huge benefits in the long term. Industrialist in Pakistan rip off money and instead of investing it they stash it abroad and Govt. encourages them instead of discouraging them.

    We run motorbike's spare parts shop.Yesterday my father was saying that most of the parts are imported and importers were earning up to 100% percent profit without paying taxes because no one knew the price at which they were importing and then selling. Now the Govt. is not only asking them to pay taxes but also stamp the price on items so its price can be monitored but the traders are refusing as you know why.
     
    Last edited: Sep 24, 2019
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  7. Baby Leone

    Baby Leone SENIOR MEMBER

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    and when govt starts encouraging they starts blackmailing the way toyota and honda is doing now a days.
     
  8. Asad200

    Asad200 FULL MEMBER

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    Their functioning is so designed that they can benefit in maximum to their country of origin.
    For example, They stop selling Mehran last year but till last day its antique engine and gearbox was coming from Japan. Where it was produced just to export, because they dumped this engine in 80s in local Japanese market. Here they were telling us that Mehran is all Pakistan made.
     
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  9. Syed1.

    Syed1. SENIOR MEMBER

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    A part of the blame lies with Pakistani consumers as well.... they buy these low quality Japanese tin boxes as if they are made of gold and silver.
     
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  10. BATMAN

    BATMAN ELITE MEMBER

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    United PTI & IMF are squeezing Pakistani nation like they are certain that this is their first and last chance in authority and they will never again be give a chance, reminds of Zardari rule.
    Finance minister is anyway borrowed from Zardari.
    CPEC is totally grounded, even the completed projects are withheld or near completion are being delayed deliberately causing loss to national exchequer, while IMF is all cool their.

    That's not the reason for the shut down of industry... it's the stupid policies of Imran Khan.

    While I'm not sure, in which part of the world you can buy a new car for $5000!
    While 50% of this is tax.

    I can understand cabin was basic, but what was wrong with engine?
    If you are expecting to load a 30kW engine with 50kW load, all engineering will fail.
    800cc car is good enough for 2 average adults and 2 children.
     
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  11. Asad200

    Asad200 FULL MEMBER

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    Not a fuel efficient engine. Look the newly introduce alto has 660cc which produces same 39 hp as that old 800cc was producing and consumes less fuel.
    But if you research again we are being ripped off. The engine used in same 660cc Japanese imported Alto produces 49hp while the turbo variant is something above 50hp .. I can't remember its 52 or 55. Suzuki is saying here that its same engine.
     
  12. Cash GK

    Cash GK FULL MEMBER

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    These cars are runing coffins. They have been asked to train our 60 thousands young generation. They are afraid of doing. They are thinking if they do train pakistanis. pak may manufacture its own cars..they will come back. Pakistan is big market..and idiots liks of you dont understand mind game for getting good deals.. let tbem go they will come back on our principles..
     
  13. Syed1.

    Syed1. SENIOR MEMBER

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    Cannot blame a business for being greedy and looking to make a profit. Blame lies with successive Pak governments. During the US economic turn down in 2008, the US government gave $300+ billion to auto manufacturers to resurrect them.

    Now what is preventing Pak government from funding and giving tax breaks to our local companies like Sazgar or Adamjee to produce a completely indigenous car that is not totally garbage. Keep in mind car is not rocket science, heck I did mechanical engineering in my undergrad, every single aspect of a car engine, transmission etc is taught. Just needs funding and political will. I heard the Millat Tractors produces a tractor completely indigenously. Wouldn't be so hard to produce a car. Remember Lamborghini used to make tractors before he stepped into the auto manufacturing.


    The issue is whenever this helping hand is given to local companies the big three (Toyota, Honda and Suzuki) start crying about level playing field and try to blackmail governments.
     
    Last edited: Sep 24, 2019
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  14. AZADPAKISTAN2009

    AZADPAKISTAN2009 ELITE MEMBER

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    Great news , just beginning
     
  15. Khanate

    Khanate SENIOR MEMBER

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    It is not the job of carmakers to localize production of parts. This is up to local partners to compete and bring investment. The alternative is for the government to seed manufacturing to jumpstart the sector and ensure that it remains competitive globally.