Exports increase by 8.48pc in 11 months

[Yaseen1]

joblessness is higher these days,manpower not seems to be increased otherwise new jobs would be created,these exports also include wheat and sugar scandal related exports which resulted in shortage inside Pakistan otherwise no new type of product is produced here,when you devalue currency and export more raw material as it becomes cheap for foreign nations by reducing supply domestically resulting in inflation it is not due to increase in capacity, most exports are based on agricultural produce and raw material and textile sector is facing decline after covid19 as indicated by firing of employees by mill owners and paying them less amount

We had a partial lockdown, more importantly it was due to drop in global demand due to COVID 19. I thought you were a proponent of complete lockdown, why the sudden change in stance?
Export increase is 3.6% in dollar terms up to Feb this year. Moving forward due to Covid 19 exports and imports will decrease. Dollar equivalent is important in terms of trade deficit, the figures of this year trade deficit will be alot better than previous years.
The increase in export in terms of rupee is an important indicator of increase revenue for export industries. It means that their actual volume, manpower and capacity has increased on ground.

View attachment 643425

 

[volatile]

u are in the same group of person who was criticizing IK for not having lock down?

How can you play on both side. On one had you were pushing for lock down and on the other hand you are critisizing slow down.

Isnt it hypocrisy ?

please show me the forum where i was advocating regarding Covidpakistan economy was laready in gutter before Cornoa and it just proved

 

[Patriot forever]

joblessness is higher these days,manpower not seems to be increased otherwise new jobs would be created,these exports also include wheat and sugar scandal related exports which resulted in shortage inside Pakistan otherwise no new type of product is produced here,when you devalue currency and export more raw material as it becomes cheap for foreign nations by reducing supply domestically resulting in inflation it is not due to increase in capacity, most exports are based on agricultural produce and raw material and textile sector is facing decline after covid19 as indicated by firing of employees by mill owners and paying them less amount

You have some fundamental flaws in your argument. This is for the first 3 months of current financial year, for your better understanding of increase in revenue, production in major exports, and what exactly are these (not sugar and wheat).

An export comparison.

You can clearly see the dip in April/May due to limited lockdown and decrease in global demand. After lockdown was eased see a slight recovery.
Rise in unemployment in the pre covid scenario is not due to export oriented industry but due to contraction in import oriented local economic ecosystem, majority in the retail oriented sector, local assembly plants etc they were the most hard hit due to rupee devaluation and adjustment to market and import restrictions and duties imposed. In plain words we put the brakes on our economy and took a turn in order to mitigate external and internal deficits.

Post covid even limited lockdown was causing huge unemployment and if continued would have increased to 9%. If a full lockdown was imposed that figure would have got to 33%.

You are right not just the textile sector but all across the spectrum, but now the lockdown is eased and global demand picking up slightly we will see improvement in the next 3-6 months.

 

[Yaseen1]

regarding agricultural produce I have read an article of kpmg which is one of the top consultancy firm,it shows that our agriculture produce has declined in current year as compared to past year,I will try to share it if able to find it as I read it before this pandemic started

You have some fundamental flaws in your argument. This is for the first 3 months of current financial year, for your better understanding of increase in revenue, production in major exports, and what exactly are these (not sugar and wheat).View attachment 643449
An export comparison.


View attachment 643455
You can clearly see the dip in April/May due to limited lockdown and decrease in global demand. After lockdown was eased see a slight recovery.
Rise in unemployment in the pre covid scenario is not due to export oriented industry but due to contraction in import oriented local economic ecosystem, majority in the retail oriented sector, local assembly plants etc they were the most hard hit due to rupee devaluation and adjustment to market and import restrictions and duties imposed. In plain words we put the brakes on our economy and took a turn in order to mitigate external and internal deficits.

Post covid even limited lockdown was causing huge unemployment and if continued would have increased to 9%. If a full lockdown was imposed that figure would have got to 33%.View attachment 643458
You are right not just the textile sector but all across the spectrum, but now the lockdown is eased and global demand picking up slightly we will see improvement in the next 3-6 months.

 

[Muslim Warrior]

However, on an Year-on-Year (YoY) basis, exports from the country decreased by 26.78 per cent in May 2020 compared to exports of May 2019. Exports in May 2020 were recorded at Rs223,536 million compared to the exports of Rs305,303 million during May 2019.
lol from the same article

Month wise comparatively to the prior year only exports for the month of may has reduced while for other 10 months exports have seen improvement... Overall its a good sign

u are in the same group of person who was criticizing IK for not having lock down?

How can you play on both side. On one had you were pushing for lock down and on the other hand you are critisizing slow down.

Isnt it hypocrisy ?



The numbers should be in USD not in PKR

To see the actual performance of exports, you need to measure it in Rupees ... otherwise it would be wrong to put the devaluation burden onto the exports.

 

[Yaseen1]

we are exporting our goods for cheap prices,this is not sustainable in long run as similar exports by alternative nations result in billion dollars return but we are only able to earn few millions,in order to earn better revenue value addition is needed otherwise we always beg imf for more loans like happening today and will also unable to add new jobs and improve standard of life of poor public

Month wise comparatively to the prior year only exports for the month of may has reduced while for other 10 months exports have seen improvement... Overall its a good sign


To see the actual performance of exports, you need to measure it in Rupees ... otherwise it would be wrong to put the devaluation burden onto the exports.

 

[Patriot forever]

regarding agricultural produce I have read an article of kpmg which is one of the top consultancy firm,it shows that our agriculture produce has declined in current year as compared to past year,I will try to share it if able to find it as I read it before this pandemic started

Overall good but some of our crops have seen decline such as cotton, but it's most likely due to harsher environmental conditions, but moving forward not so hopeful given the locust.

 

[Yaseen1]

https://tribune.com.pk/story/2215788/2-pakistan-may-miss-wheat-targets-ongoing-season/

View attachment 643470
Overall good but some of our crops have seen decline such as cotton, but it's most likely due to harsher environmental conditions, but moving forward not so hopeful given the locust.

 

[aasimanwaar]

So, the Shaikh Chillian PTI Government has now resorted to reporting these in the devalued Rupee currency instead of dollars to make it sound like an increase?

Pathetic.

Rupee had been at an average 158 for last 11 months. Even then if its 8 percent increase.

 

[aasimanwaar]

In May 2019 pkr is 146 against usd and in 2020 it is 163 which is around 10 percent devaluation so it should be taken in to consideration when measuring exports increase

Who is talking about May 2019? Read article again please. Its from July when rupee was around 157.

 

[The Accountant]

Month wise comparatively to the prior year only exports for the month of may has reduced while for other 10 months exports have seen improvement... Overall its a good sign


To see the actual performance of exports, you need to measure it in Rupees ... otherwise it would be wrong to put the devaluation burden onto the exports.

No its incorrect.

All the exports are in dollars. All the prices are in dollars and not rupees so valuation or devaluation should not impact exports. This is intenrational practice as well as practice in Pakistan

please show me the forum where i was advocating regarding Covidpakistan economy was laready in gutter before Cornoa and it just proved

Give me exports imports and current account figures in comparision to last year and 2018 till march and prove your point.

I have the figures readily available but just want to check do u even understand the basic economic numbers as u r commenting like an economic expert

 

[Yaseen1]

ok I thought that they are comparing with months of previous year like mostly we see in reports by media,also consider this fact that effect of devaluation on exports occur within few months and mostly not become evident on next day

Who is talking about May 2019? Read article again please. Its from July when rupee was around 157.

 

[volatile]

Give me exports imports and current account figures in comparision to last year and 2018 till march and prove your point.

I have the figures readily available but just want to check do u even understand the basic economic numbers as u r commenting like an economic expert

Oh please if you had numbers you had already enlighten us with your wisdom spare me the googling ,the content itself speaks of reduction cHEERS

 

[The Accountant]

Oh please if you had numbers you had already enlighten us with your wisdom spare me the googling ,the content itself speaks of reduction cHEERS

So you dont have numbers. It means you are quoting at something without even seeing the actual numbers.

Don you think its highly unethical? Kindly introspect yourself is it really the performance of PTI or its your hatred which is making you believe that IK is crooked?

Ok if I post number and it contradicts your claim that worsening of external trade economics v/s 2018 will you apologize for misstatement ? If I failed in my claim I will apologize.

 

[volatile]

So you dont have numbers. It means you are quoting at something without even seeing the actual numbers.

Don you think its highly unethical? Kindly introspect yourself is it really the performance of PTI or its your hatred which is making you believe that IK is crooked?

Ok if I post number and it contradicts your claim that worsening of external trade economics v/s 2018 will you apologize for misstatement ? If I failed in my claim I will apologize.

please do share and then we have discussion ,by the way if you see i only share what was written in the article not my own belief or facts