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Pakistan sets new record of merchandise and services exports.

Flight of falcon

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Our monthly exports are growing at the fastest rate and were all time high in November.
In sha Allah with time and if this trend continues we are looking at a very healthy export figure of $50 B in two years.
This export figure does not include services (mostly IT) export which were $532 M in November .

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We need to increase value addition even now Pakistan exports so much raw material bcz we dont have the required facility to process goods or value add them fir more money. Hedging our bets just on textile will bankrupt us which is why we need to invest in tech exports and tourism.
still we export merely peanuts nothing to be proud of this number

Vietnam exports this much in just one month. Our problem is not quantity but quality. Our quality is so $hit that once i refereed a Gujranwala based to some importers in australia only to get embarassed my self. It was a sanitaty product manfacturer and their taps broke upon twisting once or twice. I mean brass taps and pipes broke in half. Embarrassed i agreed to provide them money myself bcz the company stopped picking up calls.

More than quality its the fraud that is destroying our export industry. Govt should seriously develop some sort of policy to protect foreign importers.
 
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We need to increase value addition even now Pakistan exports so much raw material bcz we dont have the required facility to process goods or value add them fir more money. Hedging our bets just on textile will bankrupt us which is why we need to invest in tech exports and tourism.
light engineering and electronics exports (like PEL, dowlance etc)
Tech and Tourism shouldn't be the "backbone" of our economy - first 2 provide jobs for millions
 
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light engineering and electronics exports (like PEL, dowlance etc)
Tech and Tourism shouldn't be the "backbone" of our economy - first 2 provide jobs for millions

PEL and other such companies merely import most of their product from china and slap their tags on them. They either come completely built or in a semi knock down conditions. I mean our country cant manufacture some thing basic as a compressors and flow regulators so how can we export these products.
 
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PEL and other such companies merely import most of their product from china and slap their tags on them. They either come completely built or in a semi knock down conditions. I mean our country cant manufacture some thing basic as a compressors and flow regulators so how can we export these products.
that's ok- you can start like this and overtime focus on building at least 70% of it in house
GOP should work on this front- every country that ever started did it by first assembly but through JVs and all you can get at least 70% production in house
just needs will power and initiative
 
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We need to increase value addition even now Pakistan exports so much raw material bcz we dont have the required facility to process goods or value add them fir more money. Hedging our bets just on textile will bankrupt us which is why we need to invest in tech exports and tourism.


Vietnam exports this much in just one month. Our problem is not quantity but quality. Our quality is so $hit that once i refereed a Gujranwala based to some importers in australia only to get embarassed my self. It was a sanitaty product manfacturer and their taps broke upon twisting once or twice. I mean brass taps and pipes broke in half. Embarrassed i agreed to provide them money myself bcz the company stopped picking up calls.

More than quality its the fraud that is destroying our export industry. Govt should seriously develop some sort of policy to protect foreign importers.
We have a huge domestic market too. If we had appropriately upskilled our labour, we could advance the FDI into proper localized manufacturing of appliances, cars, car parts and much more. Not only would we have saved in hard currency, but those industries could re-export too. Unfortunately, for the last 60 years, no one bothered to invest in that upskilling.
 
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Pakistan inching ever closer to beating Bangladesh in export figures.

Pakistan’s November exports were $3.5 B vs Bangladesh’s $4B. With our highest ever export growth rate and the second half of fiscal year projected to show even better growth numbers we may be able to surpass their monthly export figures in the next six months in sha Allah.

 
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Good to see our exports increasing at such good rate. Just need consistency, then we have good future of huge cash inflow.
 
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Salaam


Glad to see we have finally realised that without increasing exports we can't sustainably pay for our imports. I'm glad we are working to remedy this and are on the right track. Hopefully we'll get there sooner than later.
 
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We have a huge domestic market too. If we had appropriately upskilled our labour, we could advance the FDI into proper localized manufacturing of appliances, cars, car parts and much more. Not only would we have saved in hard currency, but those industries could re-export too. Unfortunately, for the last 60 years, no one bothered to invest in that upskilling.

We invested too much on skill export rather than localising that resource. Now when someone like Dabu Chaudry proudly tweets about exporting Millions of skilled workers i can only bang my head on the wall. With so much brain drain upskilling will yeild nothing.
 
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We invested too much on skill export rather than localising that resource. Now when someone like Dabu Chaudry proudly tweets about exporting Millions of skilled workers i can only bang my head on the wall. With so much brain drain upskilling will yeild nothing.

Yes it’s always a worry to loose the smartest to other countries but excess workforce is better served being exported to other countries .

just come to Canada and see the entire country crawling with so called Indian students. There are over 500000 of them here and not one is going back.
 
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We invested too much on skill export rather than localising that resource. Now when someone like Dabu Chaudry proudly tweets about exporting Millions of skilled workers i can only bang my head on the wall. With so much brain drain upskilling will yeild nothing.
It's a loop. We're probably losing people due to a lack of local opportunity plus issues re: safety, law and order, health care coverage, etc. The problem is that these things are all abstract, not as easy to sell an uneducated voter base as highways.
 
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