If you read again, you will understand what I wrote was to reach $2.5B now (last couple of months of the financial year). That would also be inline with the start of the year target which I remember was $26-27B. A target that was set and deemed achievable when pandemic was already a reality.
Just like it doubled from 25b in 2011 to 21 b in 2018
Which most pakistani are use to
Increasing export growth is conceptually simple. Insure competitiveness compared to peers, throw in lots of manpower and capital investment.....and growth will occur. Problem for Pakistan historically has been competitiveness (PPP after effects) and low capital investment. New SBP chief and civil military's leaderships focus on economy will change this in time....but will be tougher during a pandemic.
Exports are yet growing at very healthy pace of 5-7%
Exactly why I want this gov. to perform to the point that it shuts the mouths of the propagandists.
It wont
media sensationalism as usual with zero knowledge. i have seen lately PTI govt also exaggerating and glorifying small and normal achievements.
Ishaq Dar was not in there in that period he came in from 2013-2018 tenure.
Looks like the previous 2 regimes in Pak were programmed to kill Pak from inside! And, so is the entire opposition in Pak! The Pak Deep State must have a detailed plan to liquidate them all.....Thats sbp data not pbs. We will surpass that this year. The cummulative figures are highest in a decade for 10 months in any FY. Will cross 25b this year. Highest is 26b under ppp.
We went in reverse gear during plmn era. Dar messed up the economy and took us back a decade.
A REER below 100 means the country’s exports remain competitive and import expensive. The situation reverses when REER stands above 100 on the index.
“The REER stood at around 130-140 on the index during former finance minister Ishaq Dar’s times (when he artificially controlled the rupee and kept it overvalued during 2008-13)” Topline Securities Director Research Syed Atif Zafar recalled.
Pakistan’s REER index hits equilibrium | The Express Tribune
Pakistan’s REER hits equilibrium. However, a further appreciation in rupee and increase in domestic inflation reading would make the country’s exports uncompetitive.tribune.com.pk
See for yourself how our economy was destroyed by plmn. Also the ruppe REER value hit 140 during plmn but was artificially manipulated.
Now in March REER stands at a perfect 100.
Exports cross $2bn for seventh consecutive month
By
News Desk
Pakistan’s exports have crossed the $2-billion mark for seven successive months (Oct-April) of FY21, according to a tweet by Adviser to Prime Minister on Commerce Abdul Razak Dawood on Sunday.
Taking to Twitter, Dawood said that Pakistan’s export for April 2021 stood at $2.191 billion.
“This is the first time since 2011 that our monthly exports have crossed the 2-billion mark for 7 consecutive months.”
He said that the commodities sent abroad reported a growth of 129 per cent over April 2020; however, the month could not be taken into account due to lockdown last year.
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He added that exports for Jul-April 2021 grew by 13pc to $20.879 billion as compared to $18.408 billion during the same period last year.
Although the country’s exports are expected to face the impact of Covid-19 in the current fiscal year, the International Trade Centre’s latest export potential assessment for Pakistan sees the country’s exports rising by up to $12 billion by 2024.
The report, which is based on a survey of 1,152 importers and exporters, identifies the toughest trade hurdles facing Pakistani businesses. It gives policymakers insight into which policies, procedures and facilities must be strengthened to reduce trade costs and boost competitiveness.
