Featured Pakistan’s Current Account Records First Quarterly Surplus in Over 5 Years: SBP

[crankthatskunk]

every country is recording a surplus a country like Bangladesh recorded a surplus of more then 3 billion USD in the same period when Pakistan had some 700 million.

i will give credit to any govt when Pakistan export will increase which is not the case with PTI as well till yet.

The export can only increase when orders start coming in.
But to fulfil the orders you need to have the infrastructure.

How exports can increase overnight!! IK or PTI has a magic lamp!!

Pakistan doesn't have industrial base to export different commodities and services to the world.
The any sizeable industry to speak off , i.e. Textile is reported to have full book of export orders.
Same is true for Cement industry.

Apart from Mango, Rice and few other food commodities, what else Pakistan is capable of exporting at the moment!!

Did you ever asked those corrupt thugs who for decades claimed to have developed Pakistan by introducing Motorway to Pakistan. Albeit there is a book out by an American that Nawaz made hundred of million dollars from the M2.

 

[Wikki019]

Refute the facts he presented with logic. Don't shoot the messenger.


Yeah! how clever!!

"This is spin, pure and simple, and there is an easy way to show that. Look at how the data is presented. For the current account balance (which is in surplus) the data is compared to the same period last year. For exports and remittances — the two key elements in the current account — the data is compared to the preceding months. The impression this creates is one of overall improvement."


The CA is shrinking month by month so how can you predict that it will be same for next qtr??

Remittance inflows, on the other hand, reached an all-time high level of $7.14 billion in the said period showing a year-on-year growth of 31%, which ultimately turned the current account into surplus.

And for exports, it is pretty obvious it will drop because we didn't have a pandemic last year. But still, it was not a steep drop.

 

[Rafael]

Refute the facts he presented with logic. Don't shoot the messenger.

I do not need to waste my time, I was just pointing out the obvious.

 

[Baby Leone]

The export can only increase when orders start coming in.
But to fulfil the orders you need to have the infrastructure.

How exports can increase overnight!! IK or PTI has a magic lamp!!

Pakistan doesn't have industrial base to export different commodities and services to the world.
The any sizeable industry to speak off , i.e. Textile is reported to have full book of export orders.
Same is true for Cement industry.

Apart from Mango, Rice and few other food commodities, what else Pakistan is capable of exporting at the moment!!

Did you ever asked those corrupt thugs who for decades claimed to have developed Pakistan by introducing Motorway to Pakistan. Albeit there is a book out by an American that Nawaz made hundred of million dollars from the M2.

you dont need to worry, i have asked previous govt as well as will ask IK govt.

i only support good work for Pakistan and will definitely appreciate once something good happened, I don't like cheerleading someone.
furthermore if they don't have magic doesn't mean they will start jumping on things on which they have zero efforts and is a worldwide trend in developing countries like surplus or remittances. hence, I compared it with another country.

 

[crankthatskunk]

you dont need to worry, i have asked previous govt as well as will ask IK govt.

i only support good work for Pakistan and will definitely appreciate once something good happened, I don't like cheerleading someone.
furthermore if they don't have magic doesn't mean they will start jumping on things on which they have zero efforts and is a worldwide trend in developing countries like surplus or remittances. hence, I compared it with another country.

For real progress of the country rather than Motorways, a strategy is needed to create the industrial base for production of different items in demands around the world.

China reached where it reached by using those channels. Pakistan can rapidly get out of poverty and low GDP by introducing such strategies.

Not criminal enterprise run by Dar for Sharifs. Pure filth and lies to fool "uneducated" idiots who follow them blindly.

 

[muhammadhafeezmalik]

قحط سالی کے دوران ہم نے بچوں کی خوراک ایکسپورٹ کردی اس سے بچوں کی گروتھ تو رک گئی لیکن امپورٹڈ پیمپرز کا خرچہ کم ہوگیا ، اس سے جہاں ہماری ایکسپورٹ بڑھی وہیں ہماری امپورٹ بھی کم ہوگئی ، یوں ہم نے کرنٹ اکاؤنٹ خسارہ سرپلس کرلیا​

 

[Pandora]

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That is what you call playing with numbers. Govt didnt take any debt from SBP but rather accumulated more debt due to devaluation of Rupee. Also the stats provided for PPP and PMLN tenure are not correct.

 

[muhammadhafeezmalik]

That is what you call playing with numbers. Govt didnt take any debt from SBP but rather accumulated more debt due to devaluation of Rupee. Also the stats provided for PPP and PMLN tenure are not correct.

The government now takes loans from private banks as the International Monetary Fund (IMF) has slapped a condition, preventing it from borrowing from the central bank. Currency devalued by 40% but debt increased 55%, and not all of the debt is foreign currency loan.

 

[Pandora]

The government now takes loans from private banks as the International Monetary Fund (IMF) has slapped a condition, preventing it from borrowing from the central bank. Currency devalued by 40% but debt increased 55%, and not all of the debt is foreign currency loan.

Source please bcz as per SBP stats there is no such thing as you claim.

 

[crankthatskunk]

قحط سالی کے دوران ہم نے بچوں کی خوراک ایکسپورٹ کردی اس سے بچوں کی گروتھ تو رک گئی لیکن امپورٹڈ پیمپرز کا خرچہ کم ہوگیا ، اس سے جہاں ہماری ایکسپورٹ بڑھی وہیں ہماری امپورٹ بھی کم ہوگئی ، یوں ہم نے کرنٹ اکاؤنٹ خسارہ سرپلس کرلیا​

I have a puzzle reading your post.

Shall I cry or laugh!!

 

[ziaulislam]

So surplus is meaningless while deficit was a good thing.
Nice logic.
By the way this isnt pti manipulating numbers, international agencies are also saying on similar lines. They must also be on PTI payroll.
And talking about being worst than nawaz and zardari lol like drone attacks, memogate, obl raid, sahala check post attack, APS attack happened in the time of PTI.
Seriously kuch thori sa sharam ker lo. Nothing was more black than the combined 10 years of these two leaches.

We saw what happened in 1999 when 16 soldiers were shot down inside pakistan by india and sharif didnt do ANYTHING

The government now takes loans from private banks as the International Monetary Fund (IMF) has slapped a condition, preventing it from borrowing from the central bank. Currency devalued by 40% but debt increased 55%, and not all of the debt is foreign currency loan.

So you accept that current govt is doing tge right thing that is NOT printing notes(state bank lending) and while PMLN used to this all the time..

Ofocurse govt runs in deficit and will take some laons..how are we going to fix the debt driven circular debt pia railway..should we close them overnight

Pakistan primary deficit was zero for the first timw in decades i.e since 2010 pakistan feder govt would start with deficit but govt turned that around and it no longer starts with deficit ..deficit goes into PSDP spending ..whichbis obviously through loans

Thanks... like to have sane people..

 

[Valar.]

Buy Pakistani, be Pakistani.

For last 2 years, I have been avoiding imported stuffs for which I can find any local alternate. I suggest others do the same.

 

[Pakistan Space Agency]

... The import of goods reduced to $10.6 billion ...

... the export of goods stood at $5.35 billion

Where is the surplus when imports are twice as high as the exports?

I can't believe that Cartoon-e-Azam PM Imran Khan is now using remittances as a substitute for exports and his cabal of supporters are celebrating it as a victory.

 

[hussain0216]

Where is the surplus when imports are twice as high as the exports?

I can't believe that Cartoon-e-Azam PM Imran Khan is now using remittances as a substitute for exports and his cabal of supporters are celebrating it as a victory.

Not for supporters of a crook and ghaddar like Nawaz

We can never go back to those Chor,, we have to move forward and lay the foundation to a export driven economy

PPP and PMLN have been disastrous for PAKISTAN

 

[Pakistan Space Agency]

... we have to move forward and lay the foundation to a export driven economy ...

How, by reducing exports?

, the export of goods stood at $5.35 billion versus $5.98 billion last year ...