Yet another sensational thread void of any critical thinking and understanding of what is going on and where the world trade and prices are heading.
I get sick of respondinding to such nonsense posts where the poster doesn’t even bother to do basic research to understand the proper context and reasons behind the numbers .
Just brain dead waste of time .
However just to put some sense and context to this misguided post here is something for you to chew on:
reasons for imports increase :
Our biggest import bill is oil.
oil is at almost $82 today. There are some one brain cell members who question accepting Saudi oil facility. We should be very thankful to them for extending such facility in such difficult times . Their credit is applicable not just to their own crude but we are free to buy from where ever we want.
Second commodities prices are through the roof. No longer cheap wheat and sugar is available due to the supply chain disturbances and COVId related shortages .
Daddy Nawaj destroyed our food basket and the results are now showing up.
third Pakistan’s economy is picking up fast. Raw material and machinery is imported in record amount. This is bad and expensive in a short run but very good in a long run and for the exports.
lastly we are not the only one suffering from record trade deficits….. look in the neighbourhood and see how bad the situation is getting.
