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Pakistan’s exports grew by 17.3 per cent to $2.35 billion in the first month of the fiscal year

Patriot forever

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A good start to the year, both exports and revenue collection is encouraging.

To give some perspective.


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This month eid holidays meant it was 3 working weeks month... Hoping for better figures next month to near 3 billion

Bro local eunuch in Sindh in blocking cargo trucks on purpose in the name of lockdown, also the impact on karachi export industries.
 
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Pakistansdefender

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you can insult as much as you want but no PTI fan or even PHD economics cannot give reason that how can recovered economy, growth economy, progressed economy currency devalues 1% every 3rd day of the week and total more than 9% in just 3 months.This was just 1.6 billion CAD currency devalued 9% and just imgine what will happen when PTI gets 8 billion or 10 billion CAD. Currency will default and we will get -CCC long term or short term currency credit due to international organizer does not CDS to rise that much, they will take out entire investment from Pakistan just like PSX is witnessing.
This logic won't work now dear. Your media cell has propagated it enough last year.
Dollar doesn't effect the export industry. It helps export industry.
What do you need that comes in dollar? Buy locally made stuff.
And import digits have not even come in and you have already estimated.
This is years start and you have to make an adjustment.
And dollar can move up and down. The order are prebooked ages ago. It doesn't effect the changes.
 

Zibago

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So you mean 9% devaluation due to 1.6 billion CAD is Making Pakistan progress? Making PKR the worst currency in the world is making since May is making Pakistan progress? Since May Pakistan had the highest inflation in the region is making Pakistan progress? Due to devaluation Stock exchange is only witnessing out flow of forigen investor is making Pakistan progress, Pakistan the worst CDS in the entire world since may is making Pakistan progress, Non Business People rushing out and bought nearly 700 million dollar since may from Private Exchange rate dealers is making country progress, People are stopping to invest in PKR and converting their saving in dollar due to that PKR on daily bases is losing 1% value against dollar is making Pakistan progress butt hurt.
Do you know why China keeps its currency devalued artificially?
 

imrankhan7250

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My projections came true. Imports cloaked at 5.35 bn $
Trade deficit is at 3.05 bn $
watch out for fall in Rupee value, higher inflation,
 

Patriot forever

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My projections came true. Imports cloaked at 5.35 bn $
Trade deficit is at 3.05 bn $
watch out for fall in Rupee value, higher inflation,

Bro everyone was expecting a higher figure. The prices of all essential commodities edibke oil, tea etc we import is historic high. Along with the RLNG, Crude, Coal, Steel prices. I was expecting more than $5.5b at minimum. There is a global inflationary cycle.

Rupee is basically following the same curve as it did during corona when imf programme was suspended i think. IMF programme tranche of August is approved and by the next quarter we will be doing a lot better. We are doing fine now. We had trade deficits of upto $4b in FY2018 FY2017 with little reserves and a very meager remittances cover. This time around we have less trade deficit, services exports are also up and remittances cover is excellent. ~$2b / month routine CAD era is gone.

As far as inflation due to increase in internarional prices of commodities is concerned, artificially manipulating currency to control inflation is sucide.
 

imrankhan7250

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Business Recorder (@brecordernews) Tweeted:
Pakistan’s trade deficit has ballooned by 81.4 per cent to $ 3.058 billion in July 2021 as compared to $ 1.686 in the corresponding month of 2020.
 

hydrabadi_arab

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Joke. Import will be increased by 5.5 to 5.8 billion dollar means 50% more imports compare to last year.

Bhai there is no achievement of government, everything price is going up like Yarn, garments, tools, chip, silicon,drugs , container, etc.

Rupee is sinking 1 rupee on daily bases since 2 weeks and it has already devalued to 9%. I do not understand what is difference between default and now as Rupee can slide to PKR 200 at the end of September and government will credit them self that they have made PKR the cheapest in the region ,which no one will buy or invest in.

Just imagine that our currency could not even digest 1.6 billion dollar CAD and devalued more than 9% and continuing ,therefore what will happen if country post 8 to 10 billion dollar CAD.

It will have worse faith than Argentina and people will be running to buy dollar like people are going to Vaccination of covid.

Imports are growing faster then exports but what do you expect after 20 years of overvalued rupee has made us dependent on imports. At least now imports will be expensive and ideal opportunity for those who want to make in Pakistan. Anyway CAD for july will be $500m which isn't that bad.
 

Sadd hassan

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how much remmitence came during july surely that would cover almost all of the deficit like it did last year
 

Saleet

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Joke. Import will be increased by 5.5 to 5.8 billion dollar means 50% more imports compare to last year.

Bhai there is no achievement of government, everything price is going up like Yarn, garments, tools, chip, silicon,drugs , container, etc.

Rupee is sinking 1 rupee on daily bases since 2 weeks and it has already devalued to 9%. I do not understand what is difference between default and now as Rupee can slide to PKR 200 at the end of September and government will credit them self that they have made PKR the cheapest in the region ,which no one will buy or invest in.

Just imagine that our currency could not even digest 1.6 billion dollar CAD and devalued more than 9% and continuing ,therefore what will happen if country post 8 to 10 billion dollar CAD.

It will have worse faith than Argentina and people will be running to buy dollar like people are going to Vaccination of covid.
OK Good... Lets have your suggestion for Govt as well. Hope you have better alternates other than bringing the Ganja Party / 10 % back?
 

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