How Pakistan Can Increase Its Export?

[_NOBODY_]

How Pakistan Can Increase Its Export?

Exploring reviving economy with imports and exports with the senior economist of World Bank, Gonzalo Varela. How did he end up being a senior economist for the world bank? What is the difference between the real exchange rate and the one we see? What is the world bank’s latest report on Pakistan’s imports? In the last decade, what’s going on with the exchange rate in Pakistan? Why it is important to have import and export parody? Tune in to know more on how to increase Pakistan’s exports and what are some of the export opportunities for Pakistan!

00:00 Tonight’s guest: Gonzalo Varela
00:31 How did he end up being a senior economist for the world bank?
02:39 What’s the real exchange rate mean?
05:13 World banks report on Pakistan’s imports
13:31 What’s going on with the Exchange rate in Pakistan in the last decade?
24:25 Why is it important for imports and exports to have parity?
29:00 Why Pakistan hasn’t been able to increase its exports?
39:19 Are we seeing the investments going into exports?
45:06 What are some of the export opportunities for Pakistan?

@ghazi52 @araz @The Eagle @The Accountant @That Guy @Irfan Baloch @PanzerKiel @AgNoStiC MuSliM @Imran Khan @PAKISTANFOREVER @waz @Windjammer @WinterFangs @KaiserX @niaz @farok84 @AZADPAKISTAN2009 @MastanKhan @krash @FOOLS_NIGHTMARE @Bilal Khan (Quwa) @Cookie Monster @Bratva @Foxtrot Alpha @Rafael @Rafi @Trango Towers @TNT @Indus Pakistan @Falcon26 @Norwegian @LeGenD @Iltutmish @notorious_eagle @Akh1112 @mingle @Dazzler @AZADPAKISTAN2009 @Tipu7 @Horus @Ark_Angel @SQ8 @Goenitz @messiach @TaimiKhan @SecularNationalist @farok84 @Blacklight @Meengla @Ahmet Pasha @White and Green with M/S

 

[ghazi52]

Export is an the most important segment of the economy.
Every effort should be taken to increase it..

 

[Pakistan Space Agency]

They keep saying we should focus on exports but not explaining what to export which is not needed for Pakistan first.

 

[KaiserX]

1- We need to double down on our investments in the iT sector. IT is our fastest growing Exports at a growth of 40-50% annually for the last decade. Currently at around 2-3 BN. This can easily match/surpass our textile exports within 5-10 years with IT exports alone.

2- We need to seek investment from China/Japan/Korea/Malaysia/ East Asian tiger economies into the electronic sector. Settup cell phone/computer/laptop/ electronic production plants in Pakistan along the CPEC corridor. Export whatever is left over from the demands of the local population. We have a huge huge demand for such products and a 100+ million middle class that is more wealthy than any other middle class in south asia (taking into consideration land/properties/assets)

3- We need to cooperate significantly more with KSA/DUBAI/GCC states in setting up refineries in Gwadar/Karachi/Port Qasim. We can refile/reprocess gulf oil at a much cheaper rate than the Indians and re-export it adding surplus dollars very easily. Infact 30% of india's exports are refined/processed petroleum products from Gujrat. Our ports/refineries would be far close to the Gulf and our labor/land costs are also much lower than the Gangis. I am surprised we have not taken advantage of this in the last 50 years.

4- Double down on exports to Europe/China/America while focusing on new markets in Central Asia/Middle East/Africa/ South America.

5- Lastly we need to change the whole concept of CPEC. I strongly dislike the name CPEC because it makes it seem like the corridor is ONLY CHINA SPECIFIC, when in reality it is connecting our whole nation/region together. We need to reorient our thinking from CPEC to NATIONAL PAKISTAN ECONOMIC CORRIDOR (NPEC). We should invite other foreign investors into new infrastructure projects. Top of my list would be the Japanese/Koreans/US/Europe/GCC. Many new projects should be conceived and financed. Chief among them would be a bullet train from Karachi to Islamabad. Train would also run through major population centers ie Hyderabad/multan/Faisalabad/Lahore/Rawalpindi. Sure such a project may cost 10-15bn USD. But the economic impact would be beyond significant with over 100+ million people having access to this new form of transportation. 70% of our population would have the potential to take a bullet train rather than domestic airlines.

The costs in itself would be payed for within a few years. Eventually the concept can easily be expanded to Peshawer/China/Gwadar/Kabul and beyond.

 

[fitpOsitive]

How Pakistan Can Increase Its Export?

Exploring reviving economy with imports and exports with the senior economist of World Bank, Gonzalo Varela. How did he end up being a senior economist for the world bank? What is the difference between the real exchange rate and the one we see? What is the world bank’s latest report on Pakistan’s imports? In the last decade, what’s going on with the exchange rate in Pakistan? Why it is important to have import and export parody? Tune in to know more on how to increase Pakistan’s exports and what are some of the export opportunities for Pakistan!

00:00 Tonight’s guest: Gonzalo Varela
00:31 How did he end up being a senior economist for the world bank?
02:39 What’s the real exchange rate mean?
05:13 World banks report on Pakistan’s imports
13:31 What’s going on with the Exchange rate in Pakistan in the last decade?
24:25 Why is it important for imports and exports to have parody?
29:00 Why Pakistan hasn’t been able to increase its exports?
39:19 Are we seeing the investments going into exports?
45:06 What are some of the export opportunities for Pakistan?

@ghazi52 @araz @The Eagle @The Accountant @That Guy @Irfan Baloch @PanzerKiel @AgNoStiC MuSliM @Imran Khan @PAKISTANFOREVER @waz @Windjammer @WinterFangs @KaiserX @niaz @farok84 @AZADPAKISTAN2009 @MastanKhan @krash @FOOLS_NIGHTMARE @Bilal Khan (Quwa) @Cookie Monster @Bratva @Foxtrot Alpha @Rafael @Rafi @Trango Towers @TNT @Indus Pakistan @Falcon26 @Norwegian @LeGenD @Iltutmish @notorious_eagle @Akh1112 @mingle @Dazzler @AZADPAKISTAN2009 @Tipu7 @Horus @Ark_Angel @SQ8 @Goenitz @messiach @TaimiKhan @SecularNationalist @farok84 @Blacklight @Meengla @Ahmet Pasha @White and Green with M/S

In a country where industrialist is not safe, unless he is Shokat Tareen, where govt directly shifts all changes in international market to local market, where corruption is so rampent that neither patents are secure nor patent holders. A market that is so valatile and govt that has very less say in economic affairs. A place where govt can only increase prices.

The question of increasing exports is a joke.

 

[Black Tornado]

How Pakistan Can Increase Its Export?

Exploring reviving economy with imports and exports with the senior economist of World Bank, Gonzalo Varela. How did he end up being a senior economist for the world bank? What is the difference between the real exchange rate and the one we see? What is the world bank’s latest report on Pakistan’s imports? In the last decade, what’s going on with the exchange rate in Pakistan? Why it is important to have import and export parody? Tune in to know more on how to increase Pakistan’s exports and what are some of the export opportunities for Pakistan!

00:00 Tonight’s guest: Gonzalo Varela
00:31 How did he end up being a senior economist for the world bank?
02:39 What’s the real exchange rate mean?
05:13 World banks report on Pakistan’s imports
13:31 What’s going on with the Exchange rate in Pakistan in the last decade?
24:25 Why is it important for imports and exports to have parody?
29:00 Why Pakistan hasn’t been able to increase its exports?
39:19 Are we seeing the investments going into exports?
45:06 What are some of the export opportunities for Pakistan?

@ghazi52 @araz @The Eagle @The Accountant @That Guy @Irfan Baloch @PanzerKiel @AgNoStiC MuSliM @Imran Khan @PAKISTANFOREVER @waz @Windjammer @WinterFangs @KaiserX @niaz @farok84 @AZADPAKISTAN2009 @MastanKhan @krash @FOOLS_NIGHTMARE @Bilal Khan (Quwa) @Cookie Monster @Bratva @Foxtrot Alpha @Rafael @Rafi @Trango Towers @TNT @Indus Pakistan @Falcon26 @Norwegian @LeGenD @Iltutmish @notorious_eagle @Akh1112 @mingle @Dazzler @AZADPAKISTAN2009 @Tipu7 @Horus @Ark_Angel @SQ8 @Goenitz @messiach @TaimiKhan @SecularNationalist @farok84 @Blacklight @Meengla @Ahmet Pasha @White and Green with M/S

Does he want to say Parity instead of Parody? I thinks it’s a typo.

 

[_NOBODY_]

Does he want to say Parity instead of Parody? I thinks it’s a typo.

Indeed it's a typo, let me edit it out. Thank you for pointing it out.

 

[Shotgunner51]

Good post!

China/Japan/Korea/Malaysia/ East Asian tiger economies into the electronic sector.

Let's not just confine to electronic sector, but expand the scope more, a lot more. Deng Xiaoping kicked off industrialization by personally bringing Nippon Steel to renovate steel industry, "mother of all industries", and by now Baosteel is a world top player. Hong Kong FDI employs over 30 million jobs in Guangdong province alone at its peak. Today FDI in China Mainland is led by HK which accounts for 60% of total, then Singapore, Taiwan, Japan & South Korea rounding up the top 5 sources. In fact a significant portion China exports is driven by these FDI investors (especially during the earlier years), say Taiwan/SK/Singapore PCB/electronics, HK garments/apparels, Japanese machinery/mechanical.

I believe FDI is the way to change Pakistan into a manufacturing/exports economy. A closer and more recent specimen for study is perhaps Indonesia, a Muslim economy of similar population as Pakistan.

https://www2.investindonesia.go.id/en/article-investment/detail/here-are-5-countries-with-biggest-foreign-direct-investment-in-indonesia

CPEC to NATIONAL PAKISTAN ECONOMIC CORRIDOR (NPEC). We should invite other foreign investors into new infrastructure projects. Top of my list would be the Japanese/Koreans/US/Europe/GCC

Absolutely agree! China is in fact a seed investor, other follow-on investors are needed, CPEC or NPEC shall gradually transform itself into a multinational FDI haven.

@Indos

 

[Enigma SIG]

Lets export all politicians bureaucracy army lawyers out of the country.
Win Win.

 

[AZADPAKISTAN2009]

Exporting is good only if the "sale price" is determined by you as a Country who produce the goods
If you let some shady "Group" outside of your country tell you what the price should be then you are messed up

The G8 nations expect none G8 countries to sell them resources for dirt cheap prices

Pakistan has been making Record production for Fruit and Vegetables or Meat Product , but most of it is exported out dirt cheap prices out creating shortages locally


We grow fruits
We grow Vegetables
We grow flour
We grow basmti rice high quality
We generate Milk and Dairy products
We generate Meat goods


If we are not exporting out the goods , we can solve all hunger issues locally but , we keep shipping out goods to foreign countries in return for marginal profits



For Imports we are told to pay "Higher" because the "MARKET DETERMINES" this ????? What kind of scam is that ?

 

[Indos]

Good post!

Let's not just confine to electronic sector, but expand the scope more, a lot more. Deng Xiaoping kicked off industrialization by personally bringing Nippon Steel to renovate steel industry, "mother of all industries", and by now Baosteel is a world top player. Hong Kong FDI employs over 30 million jobs in Guangdong province alone at its peak. Today FDI in China Mainland is led by HK which accounts for 60% of total, then Singapore, Taiwan, Japan & South Korea rounding up the top 5 sources. In fact a significant portion China exports is driven by these FDI investors (especially during the earlier years), say Taiwan/SK/Singapore PCB/electronics, HK garments/apparels, Japanese machinery/mechanical.

I believe FDI is the way to change Pakistan into a manufacturing/exports economy. A closer and more recent specimen for study is perhaps Indonesia, a Muslim economy of similar population as Pakistan.

https://www2.investindonesia.go.id/en/article-investment/detail/here-are-5-countries-with-biggest-foreign-direct-investment-in-indonesia

Absolutely agree! China is in fact a seed investor, other types of investors are needed, CPEC or NPEC shall gradually transform itself into a multinational FDI haven.

@Indos

Yup, lead by East Asian countries (SEA and NEA). Until very recently Dutch become 5 largest ( Jan-Sept 2021) while US has become top 5 in Q3 which is quite surprising. Western countries so far still see Indonesia as not really potential because they dont understand Indonesia as much as our closest neighbor (Singapore/Hongkong/China/Japan ).

Our top FDI destination is West Jawa ( where our main industry located), Jakarta ( service industry. office building, data center), Sulawesi ( Nickle mining, Nickle Refinery, stainless steel), Riau province in Sumatra (close to Singapore).

Outside Java Today has exceeded Java in investment despite not much, while Domestic investment and FDI is 50:50

 

[Zibago]

They keep saying we should focus on exports but not explaining what to export which is not needed for Pakistan first.

In a country where industrialist is not safe, unless he is Shokat Tareen, where govt directly shifts all changes in international market to local market, where corruption is so rampent that neither patents are secure nor patent holders. A market that is so valatile and govt that has very less say in economic affairs. A place where govt can only increase prices.

The question of increasing exports is a joke.

Exports are already on the rise to push them further we need to continue our flexible exchange rate and offer more incentives to export industries

 

[bafxet]

View attachment 791047

Exports are already on the rise to push them further we need to continue our flexible exchange rate and offer more incentives to export industries

It is most worrisome situation. The country has to back to IMF every now and than.

I fear that exports aren't genuinely rising. Businesses are replenishing their depleted stocks disrupted by covid. Once things return back to their baseline only than we would know the what the fact is. Like, BD exports for the month of October grew by 60%.

 

[Falconless]

Not having brainless zombies disrupting the transport network also helps.

 

[Indus Pakistan]

I believe FDI is the way to change Pakistan into a manufacturing/exports economy. A closer and more recent specimen for study is perhaps Indonesia, a Muslim economy of similar population as Pakistan.

I don't think you Chinese understand how Pakistan has become trapped in a primitive mindset dressed as Islam with mullahs acting as the guardians of this cave man like thinking. As long as this primitive mindset manifests most of Pakistan - this even extends to diaspora Pakistani's living in the west who make good chunk of PDF there is little chance of real progress.

The problem is this mindset locks in policies and visions to rigid idealogies. Most of the population becomes sedated in religion then open outlook that prizes hard work, global ambitions etc.

With regards to your suggestion of using Indonesia as a example you are badly mistaken - Pakistan is more in the Afghanistan league then Indonesia. Indeed you could choose Turkey as better example.

But the problem is countries need to be agile. Bend, flex according to market forces not religious forces. I give you a clue to ponder over. Find three Muslim countries that have done well [one of which you alluded to] and then look at their script please. Do this simple test and you will learn about Muslim countries that are prepared to be open as opposed to being trapped in the past.

@MH.Yang @GeraltofRivia @Indos