Trade deficit shrunk by over 37% in March: Hammad Azhar

[BHarwana]

ISLAMABAD: State Minister for Revenue Hammad Azhar has said trade deficit of the country has shrunk by more than 37 percent during the last month as compared to current period of March last year, ARY News reported on Wednesday.

The minister said in his tweet, “The Trade Deficit of Pakistan fell by more than 37% in March 2019 over the same month last year.”

The minister of State said economic stabilization policies of PTI government are bearing fruit.

Last month, Pakistan’s imports had seen a significant decline of 19 percent, to $4.5 billion in January 2019, according to figures released by the statistics department.

According to the department, Pakistan had imported items worth $5.57 billion in January 2018, while the amount of imports reduced to $2.04 billion in Jan 2019.

The significant decline in imports helped the trade deficit to shrink by 31.73 percent to $2.46 billion in January 2019 as compared with $3.6 billion in the same month of the last year.

While the exports grew by only 4 percent to $2.04 billion during the month under review as compared to $1.96 billion in January 2018.



https://arynews.tv/en/trade-deficit-37-march-hammad-azhar/

 

[CrazyZ]

Lets get exports up.

 

[BHarwana]

So is economy doing bad or good? Well slow growth is due to lesser imports and the further Pakistan reduces it's trade deficit the better true growth of Pakistan will happen. If Pakistan achieves 3.5% growth while reducing trade deficit further it will be a marvel of PTI.

 

[CrazyZ]

There are three types of lies -- lies, damn lies, and statistics. GDP growth stats based on imports only helps on paper. Boosting our indigenous production capacity and exports make us more resilient.... to the nations that want Pakistan and other Islamic nations to fail.

 

[maithil]

So Pakistan wants to increase export without importing raw materials. This must be fourth kind of lie.

 

[MT Ali]

So Pakistan wants to increase export without importing raw materials. This must be fourth kind of lie.

It seems you are in a lot of pain and love to make assumptions. Please take a chill pill and try to relax. You dont want others to judge you then refrain from doing the same yourself

 

[aasimanwaar]

Theoratically Pakistan will b in gud shape with 0 import and 0 export as net will be 20 billion plus remittances

 

[SSGcommandoPAK]

Excellent work,still need to increase export by 2-3bn USD this year.

 

[xyxmt]

Lets get exports up.

yehe to mushkil hay, kutch hay ne export kerny ko.

 

[American Pakistani]

There are three types of lies -- lies, damn lies, and statistics. GDP growth stats based on imports only helps on paper. Boosting our indigenous production capacity and exports make us more resilient.... to the nations that want Pakistan and other Islamic nations to fail.

Many Pakistani people don't get this simple logic. All they want is imports imports imports and also want govt to provide subsidy for these imports.

 

[Pan-Islamic-Pakistan]

Very welcome news. PTI doing wonders.

 

[Imran Khan]

yaar koi hum jahiloon ko samjhay ye nazuk halat kab khatam hoon gay ?

 

[Yankee-stani]

Very welcome news. PTI doing wonders.

The naysayers or the Patwari folks we will like oh we did that they are taking cred they dont know economics and shietttt

 

[RealNapster]

yaar koi hum jahiloon ko samjhay ye nazuk halat kab khatam hoon gay ?

confirm kuch ni keh sakty sir. Ab kuch kuch to dikae dy raha hy jaisy apne deka hoga is month ka deficite 37% km hua. Pechly 9 month ka combine deficite 14% km hua. Exports me kuch 2% izafa and import me kuch 8-10% kami ae... lekin janab indicators ko, growth ko, data ko, in sb ko manipulate krna daay hath ka kail hy. Jo hamare Pakistan ky lye dard e dil rakne wale Dar saab kaafi achy se hamy samjaa gye hy ky pyaary bacho aisy krty hy data manipulation. So janab is cheez ky paish e nazar to mene is hakomat ko 3 saal dil se nikaal ky dy diye. Kay me jo b comment krun ga 3 saal bad e krun ga. tb tak inko b breathing space mil jani and kuch na kuch direction b inshallah set ho jani...

 

[Pakistani Aircraft]

Has Pakistan Tehrik-e-Baqwas reduced trade deficit by 37% or Nominal GDP of Pakistan by $35 billion?