Good News! Pressure On Reserves And Currency Will Ease By June Next Year If July 2019 Trade Trend Co

[Shahzaz ud din]

Good News! Pressure On Reserves And Currency Will Ease By June Next Year If July 2019 Trade Trend Continues – Razak Dawood
By Noshin Bashir Last updated Aug 26, 2019
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• The government is keenly monitoring the efforts by all concerned departments to ensure compliance with the terms of credibility and transparency in transactions; Abdul Razak Dawood.
• China has agreed to allow us (Pakistan) duty-free exports in certain segments worth $1 billion during the ongoing year.
• If July 2019 trend of 14 pc increase in exports continues the current account deficit should come down to $6-7bn by June 2020.

Photo source Dawn.
Apart from confronting bellicose and hostile neighbors, Pakistan has to face multiple internal challenges and shortcomings as well and the appalling situation of the country’s economy, perhaps, put forth the unfavorable picture when one just reviews the SBP’s statistics about inflation whether it is SPI, WPI or CPI inflation on the month-on-month basis or year-on-year basis.

The overall grim picture of the economy can’t be curtailed with the improvement in trade data (improving exports and reducing the overall imports) in the first month of the current fiscal year in comparison to the July 2018 indicators.

Putting all precariousness on the back front advisor to the prime minister for commerce, textile, industries and production, and Investment Abdul Razak Dawood when asked by Dawn about the trade options for Pakistan in case the country is blacklisted by Financial Action Task Force (FATF) replied that the government is keenly monitoring the efforts by all concerned departments to ensure the compliance to the terms of credibility and transparency in transactions.

 

[Flight of falcon]

I repeat myself again.... give this government three years and we will be at a much better space militarily diplomatically and economically .

IK works quietly. A lot of work is being done and things fixed in the economic front. Just give some time and don’t panic.

 

[ARMalik]

I repeat myself again.... give this government three years and we will be at a much better space militarily diplomatically and economically .

IK works quietly. A lot of work is being done and things fixed in the economic front. Just give some time and don’t panic.

Sorry mate, by asking for patience you are asking too much from some idiots who just don't get it and have no patience.

 

[tkmd]

Sorry mate, by asking for patience you are asking too much from some idiots who just don't get it and have no patience.

why do u have to insult people? I don't think I am an idiot. I doubt you are either. If one analyses the statement this assumes a month on month export increase as has happened for the last month. The world is entering a recession picture....so do we really think this is likely to continue?

I say again that I don't blame IK or PTI for the current issues. And they will need 10 years to change things not 5. But what I do hold them accountable for is their claims and statements. When Murad Saeed said 100 billion dollars will come back....what was that? This guy is a minister now. So hows he any different than the previous guys we had? IK himself said tons of things and now is doing the exact opposite of what he said before. And what hes doing is what previous governments did. So why should we expect a different outcome?

I am not saying PTI will fail. I pray to God they succeed. Pakistan is bigger and more important than any party. But these are serious questions and sadly no one has a coherent answer.

That being said, it is silly to judge PTI by what has happened in the last year. Give them their 5 years. Lets see what they do. As a nation we stand behind our leadership and our forces. IK was given a mandate by the people. It is my Islamic duty to support him and give him his mandate. And when we have India behaving as it is it is even more reason to stand united.

 

[Yaseen1]

It is good if it happens but govt should take measures to control debt and also losses of institutions as debt to gdp ratio has reached to 82% which is bad indicator for economy

 

[ARMalik]

why do u have to insult people? I don't think I am an idiot. I doubt you are either. If one analyses the statement this assumes a month on month export increase as has happened for the last month. The world is entering a recession picture....so do we really think this is likely to continue?

I say again that I don't blame IK or PTI for the current issues. And they will need 10 years to change things not 5. But what I do hold them accountable for is their claims and statements. When Murad Saeed said 100 billion dollars will come back....what was that? This guy is a minister now. So hows he any different than the previous guys we had? IK himself said tons of things and now is doing the exact opposite of what he said before. And what hes doing is what previous governments did. So why should we expect a different outcome?

I am not saying PTI will fail. I pray to God they succeed. Pakistan is bigger and more important than any party. But these are serious questions and sadly no one has a coherent answer.

That being said, it is silly to judge PTI by what has happened in the last year. Give them their 5 years. Lets see what they do. As a nation we stand behind our leadership and our forces. IK was given a mandate by the people. It is my Islamic duty to support him and give him his mandate. And when we have India behaving as it is it is even more reason to stand united.

Sorry who are you again? And what does my post have to do with you being an idiot? My post was directed at some impatient people in Pakistan, not at any member here.

 

[Flight of falcon]

I know everyone wants last 71 year mismanagement to be fixed in a year. As I like to say Nawaz and Bhutto has changed the DNA of this nation and they don’t see corruption and theft as a problem. The day they see and realize that it is a problem Pakistan will be free and prosperous

 

[Samlee]

Sorry mate, by asking for patience you are asking too much from some idiots who just don't get it and have no patience.

There Are Idiots In This Country Whose Idea Of Development Is Just Motorways Metro Trains and Shiny Buses

 

[AZ1]

There Are Idiots In This Country Whose Idea Of Development Is Just Motorways Metro Trains and Shiny Buses

and that is by taking loans in $ without knowing how we pay them back

 

[Syed1.]

Sorry mate, by asking for patience you are asking too much from some idiots who just don't get it and have no patience.

Well they were patient enough with the bloody Nooras and gave them 30 years wonder why they aren't even willing to give IK 3 years.

 

[SingHee]

This is good news.

 

[Type59]

I am shocked to see, since pti came to power, there are Pakistani members on this forum that want government to fail.

Since monitoring Pakistani forums (2005) i wished all Pakistani governments success. Never wanted ppp to fail miserable as they did.

 

[SingHee]

I am shocked to see, since pti came to power, there are Pakistani members on this forum that want government to fail.

Since monitoring Pakistani forums (2005) i wished all Pakistani governments success. Never wanted ppp to fail miserable as they did.

This is a good sign.

Shows he's doing things correctly.

 

[tkmd]

Sorry who are you again? And what does my post have to do with you being an idiot? My post was directed at some impatient people in Pakistan, not at any member here.

I am no one. As are you. And you have no right to call anyone an idiot because they are disappointed that the tall promises IK and his party made for so many years have not materialized. That doesn't mean they will fail. But indeed there is no question that PTI should be criticized and questioned for statements they made and continue to make. IK himself said give me 90 days. Well its been 365 days. And in that time nothing pointing to victory has come. Corruption remains rampant. No dam is being built. What happened to him going to parliament to answer questions every week? Wheres the looted money? I could go on and on.

Lets rise above trashy insults and discuss ideas. I for one, as a PMLN supporter, applaud the current govt for their excellent media campaign against India. I also applaud our PM for his ability to speak to any crowd with ease and confidence. He is changing his team when they don't perform. Unlike previous governments that just let everything rot. Hes doing a great many good things. But a lot is left to be desired. And in a democracy the opposition has the right to question and not be called idiots.