Current Account Surplus Records its Highest Positive Spell in 15 Years

[Patriot forever]

I would reccomend a read of this,

Pumping growth

The economy is full of air at the moment, and that is what is driving this ‘feel-good factor’.

www.dawn.com

The author has no idea what IMF is all about?
We are going to IMF because of interest and loan repayment in the range of 12-13 billion dollar each year. We need access of cheap financing to roll over our debt and to take new loans for interest payment. For fucks sake if our LSM is growing at 5% e.g. it does not mean we do not need external financing to roll over our maturing debt. We are in grey list if someone forgets.

Anybody who thinks we are able to generate enough surplus to pay off those loans by ourselves is a complete moron. Or get rid of circular debt by printing money is nuts, the impact it would have on rupee (we can no longer cover it up artificially) or inflation?

 

[Norwegian]

Better than the sugarcoated material we are fed these days by the government, another perspective can help build a better picture as well to the reality at least.

Here is the reality as left by previous govt. Enjoying it?

The author has no idea what IMF is all about?
We are going to IMF because of interest and loan repayment in the range of 12-13 billion dollar each year. We need access of cheap financing to roll over our debt and to take new loans for interest payment. For fucks sake if our LSM is growing at 5% e.g. it does not mean we do not need external financing to roll over our maturing debt. We are in grey list if someone forgets.

Anybody who thinks we are able to generate enough surplus to pay off those loans by ourselves is a complete moron. Or get rid of circular debt by printing money is nuts, the impact it would have on rupee (we can no longer cover it up artificially) or inflation?

Author is a Jiyala of PPP just like rest of Dawn's leftist liberal journalists

 

[Tomcats]

Here is the reality as left by previous govt. Enjoying it?
View attachment 689393View attachment 689394View attachment 689395View attachment 689396View attachment 689397View attachment 689398View attachment 689399View attachment 689400View attachment 689401

Author is a Jiyala of PPP just like rest of Dawn's leftist liberal journalists

While I dont necessarily too take his article all as truth he conveys a different perspective and his points should be dissected one by one and addressed to see which points show a false fact and which present some truth. But yes I have heard one too many times and believed the narrative of everything bad that happens was inherited until you start questioning is it really the case? Take for example the whole wheat debacle that happened recently, gas shortages and textile sector, foreign policy etc etc. Do the fault of these lie in the governments of prior or the current lot? I think IK has good intentions however he needs to prove that with some action, so far I'm only seeing things go downhill and his handling of his opponents dont paint a bright picture either. Also as a matter of fact, I am not enjoying it...

 

[AZADPAKISTAN2009]

Captain is settled and looking to score a Ton (100 runs)
Steady 33 Runs partnership

 

[Patriot forever]

While I dont necessarily too take his article all as truth he conveys a different perspective and his points should be dissected one by one and addressed to see which points show a false fact and which present some truth. But yes I have heard one too many times and believed the narrative of everything bad that happens was inherited until you start questioning is it really the case? Take for example the whole wheat debacle that happened recently, gas shortages and textile sector, foreign policy etc etc. Do the fault of these lie in the governments of prior or the current lot? I think IK has good intentions however he needs to prove that with some action, so far I'm only seeing things go downhill and his handling of his opponents dont paint a bright picture either. Also as a matter of fact, I am not enjoying it...

Apart from the wheat crisis, which had multiple factors incompetence was one of them.
Gas shortages happen every year, nothing new to this government, but this winter with the record cargoes landing in Nov and Dec shortfall will not be that severe. Industries will be supplied uninterrupted.
Textile sector was in shambles in 2018. It was the reason why IK swept Faisalabad in GE. This is the 1st time they are operating at full capacity since 1990. Further expansion is expected of about 30,000 mills. APTMA announced a record capital of 1 billion dollars.

I agree with handling the opposition part, he needs to stop playing a gentleman and grow some balls.

Anything else you have on your mind?

 

[muhammadhafeezmalik]

Imports remained stagnant, exports remained stagnant, remittances continued to surprise with double-digit growth of 26 percent year-on-year. It increased to $9.43 billion during July to October from $7.45 billion recorded in a similar period of the last year, almost $2 billion increased YoY.

There are several reasons for increase in remittances, first FATF restriction and fewer flights forcing people to send money through banking channels, secondly due inflation overseas Pakistanis have to send more money to their families, thirdly people are loosing jobs abroad and they have to take all their money to Pakistan.

 

[Tomcats]

Apart from the wheat crisis, which had multiple factors incompetence was one of them.
Gas shortages happen every year, nothing new to this government, but this winter with the record cargoes landing in Nov and Dec shortfall will not be that severe. Industries will be supplied uninterrupted.
Textile sector was in shambles in 2018. It was the reason why IK swept Faisalabad in GE. This is the 1st time they are operating at full capacity since 1990. Further expansion is expected of about 30,000 mills. APTMA announced a record capital of 1 billion dollars.

I agree with handling the opposition part, he needs to stop playing a gentleman and grow some balls.

Anything else you have on your mind?

Ah yes they are importing a shipment of expensive LPG? can't recall the abbreviation on the top of my head but that's their temporary solution i suppose. Well in regards to the textile sector we have a pretty good opportunity opening with a surge of orders however our cotton yield decreased once again painting a grim picture with successive governments failing to address the problem meaningfully and now importing it. I hope that the IK government can lead the overturn of this rapid decline, but let's see. As for his handling of the opposition well he's been hardly gentlemanlike i'd say instead his moves are out of frustration and miscalculation. Case and point in the 'Karachi fiasco. If he wants to overcome them he needs outsmart them not by brawn but by brains.

 

[Patriot forever]

Ah yes they are importing a shipment of expensive LPG? can't recall the abbreviation on the top of my head but that's their temporary solution i suppose. Well in regards to the textile sector we have a pretty good opportunity opening with a surge of orders however our cotton yield decreased once again painting a grim picture with successive governments failing to address the problem meaningfully and now importing it. I hope that the IK government can lead the overturn of this rapid decline, but let's see. As for his handling of the opposition well he's been hardly gentlemanlike i'd say instead his moves are out of frustration and miscalculation. Case and point in the 'Karachi fiasco. If he wants to overcome them he needs outsmart them not by brawn but by brains.

Pakistan has been a net importer of LNG for a long time now. Since our domestic output is very less and shrinking and our demand expanding. Qatar LNG is still being imported and excess has been imported via open market. In fact we saved a huge amount during last fiscal year and initially this year as well, tenders go up in winters come down during summers the net is almost the same in worst case scenario. You always take an average over a period of time not quote one shipment which you find expensive. There were no contracts awarded during the last government, this government is doing exceptionally well in local exploration.
Our cotton yield has been decreasing gradually over the last decade or so. There is no short term remedy to it, the amount of cotton we are importing can not be overcome by domestic production in the short term but can be mitigated to some degree. Last year Pakistan imported around 1.7 billion of cotton if I remember correctly, still our CAD was manageable. Punjab government is working on a lot of irrigation projects, we will have to wait to see if these projects deliver the supposed dividends. This is a value added industry.

Small dams’ construction to protect thousands of acres of land: CM

LAHORE - Punjab Chief Minister Sardar Usman Buzdar has said that construction of small dams will protect thousands of acres of land from becoming barren.

nation.com.pk

Construction work on 115km Jalalpur Canal finally commences

ISLAMABAD: After a lapse of three months, construction work on the much-awaited Jalalpur Irrigation Project (JIP) has finally commenced, Pakistan Today has learnt.According to sources, constructio

profit.pakistantoday.com.pk

Punjab Invested Huge In Agriculture Sector During Last Two Years - UrduPoint

Punjab secretary agriculture Wasif Khursheed has said that provincial government opted for liberal funding on agriculture sector, particularly research and farm mechanization to enhance agriculture production and improve financial standing of farmers. A sum of Rs 16 billion was spent on research...

www.urdupoint.com

Pakistan imports 24,300 tonnes of cotton yarn in six months

Govt urged to help farmers increase cotton production area and per-acre yield

profit.pakistantoday.com.pk

IK was not responsible for Karachi fiasco, anyways it was just a storm in a tea cup.

 

[Tomcats]

Okay well thanks for the links i'll read up on them they seem like interesting articles.

 

[RoadRunner401]

things will clear after the pandemic when world becomes normalize then we can say if it is because govt's good policy or external factor like pandemic.

FYI Bangladesh experiencing around 1 billion surplus a month because of the external situation.

Really!

The World Bank today approved $1.05 billion for three projects to help Bangladesh create quality jobs and accelerate economic recovery from the COVID-19 (coronavirus) pandemic as well as build resilience to future crises.

“This is an extraordinary response to an unprecedented crisis. The COVID-19 pandemic has deeply jeopardized many of Bangladesh’s remarkable achievements in poverty reduction and shared prosperity, including livelihoods of its population,” said Mercy Tembon, World Bank Country Director for Bangladesh and Bhutan. “These projects will help the people and the economy bounce back by creating more and better jobs and promoting direct private investment in specialized economic zones while enhancing the foundations for a digital economy.”

I would reccomend a read of this,

Pumping growth

The economy is full of air at the moment, and that is what is driving this ‘feel-good factor’.

www.dawn.com

This Guy and Indian News paper Dawn Has been predicting doom and gloom from Day one Of PTI.

Case and point in the 'Karachi fiasco.

You mean forcing the police to do their job is a fiasco?

Imports remained stagnant, exports remained stagnant,

When Rest of the world economy is shut down because of Covid-19, Maintaining this level of exports is a big very big achievement, Indian economy is shrinking by 24% (9% because of modis failed policies and big corporations leaving India and 15% because of covid), But to people like you this success of PTI is a nightmare and one can understand why.

There are several reasons for increase in remittances, first FATF restriction and fewer flights forcing people to send money through banking channels, secondly due inflation overseas Pakistanis have to send more money to their families, thirdly people are loosing jobs abroad and they have to take all their money to Pakistan.

 

[Tomcats]

You mean forcing the police to do their job is a fiasco?

Well i think the Army certainly saw it that way, hence the action against the 'overzealous' peoples.