Trade deficit shrinks by $2 Billion in First seven months

Amazing news.

 

On the right track.

 

the bitter pills seems to be working fine.

 

Export growth will be witnessed around june july after period..right about the time when Closed mills starts chunning products and bring recipts backs

 

Superb. Hopefully this trend can continue!

 

So please correct me if I am wrong. Pakistan is still importing more than TWICE of what it exports.

 

That's what it seems per the article.

Very tiny progress but anyways any progress is good. Still a very long way to go.

 

yes it is, and imports will remain high for a foreseeable future. The only way to combat that is for Pakistan to start manufacturing value added items.

 

Sir we need to realize that our strength is not high end product but a low cost competitive product which you can't achieve with expensive Wapda, Diesel & LNG.
Your Textile sector didn't have problem for order but cost for producing them increased exponentially.

Sir the figures are not that bad considering people believe in additional roads and imported fuels for Power House then Dams.
Not only Agri Sector & economy but also our life depend on it.
Pakistan has enough Hydral potential that not only it can cover our existing and future power needs but we can also switch to Electric cars and from Gas to electric appliance & not only existing items export will increase but it will also create international market for those items which were not exported because of higher production cost.

 

People who look for miracles overnight generally tend to be disappointed. So be please at progressive change in the right direction.
A

 

I agree that the direction is encouraging, but the magnitude of the task will definitely take "deep structural reforms" as PMIK recently agreed with Ms. Lagarde. One hopes that this direction can be maintained.

You are correct that figures could be worse, so one must appreciate even the baby steps in the right direction.

The figures mean that the immense pressure on the BoP situation will remain for the foreseeable future.

 

Exactly we were doing thungs in reverse directions

Instead of spending 1 billion dollars on lahore isl motorway we could have spent that money on hydroDams we could have cheaper power..at that time that money was enough to build smaller dams like munda
Projects like dasu bhahsa munda tarbela were all delayed for "lack of funding" only 100% foreign funded projects like tarbela, mangla and dasu went through while money was spent on BRTs

It should have been the other way around..foreign finding for BRTs with good return. And local funding for critical power projects to ger the power cheaper

PPP did that for 3 smaller projects

 

Sir these babies step will not resolve the main issue in Hand.
1> Hydral Projects - Electricity exp, Imported Fuel/Coal/Diesel/LNG/Gen, Agri man sector of economy & Water level going down
2> Govt facilitating investment instead of giving jobs - Govt. Dept Over employed - Salary many time greater then pvt. sector - Many Incompetent employee - Ancient working environment (Multi-window operation /lot of paper work)- output below average - Zero accountability - Corruption

Sir the problem is massive borrowing from PPP & PMLN. Where did the money go???? Dam will generate huge revenue and we will be able to pay back loan with interest no problem.
Now take example of Metro not only we are getting anything from this massive project but we are paying daily subsidies + its maintenance cost.
And all the BRT project that were launched none of them is financially feasible. Massive infrastructure cost don't justified for bus that travel after every 5 min(best time) - not 24 hrs - while rest of people stuck in traffic jam including Ambulance.