Pakistan Exports increase to 25bn USD, while Remittance - 22bn USD

[Aryeih Leib]

Really a sad state

There are 500 jenitors for a small office and MD pay is more than doctors of whole district

 

[ziaulislam]

Really a sad state

Yup but our system is such that power lies with multiple parties
Upper house is still in control with previous givt

 

[zn426]

Only way to get around this is to export as much as possible. Since exports are cheap, the economy will grow as more businesses open to take advantage of available export market. Some additional work will need to be done stabilize the electricity situation-stable power supply means businesses will be able to stay open longer. This needed to happen. It will be painful but the opportunities are there now to fix the situation.

 

[Bouncer]

when I went to Pakistan is 2018 and spent USD 3000 (converted to Rs. in bank), does that count as remittance or export.

Remittance.

pakistan is like a body builder who lacks discipline end up using steroids and end up in hospital

Correction: Pakistan is a genetically blessed bodybuilder with a great potential but one that lacks discipline and has had one shitty coach after another.

 

[Muhammad Omar]

I don't know from where did you get this data from times of Islamabad is fake as F

Remittances in the first 10 months of FY 2019 were recorded as 17.9 Billion USD
and Exports recorded in the first 9 Months of FY 2019 are $17 Billion USD ata released by State Bank of Pakistan

 

[crankthatskunk]

when I went to Pakistan is 2018 and spent USD 3000 (converted to Rs. in bank), does that count as remittance or export.

I think it should come under tourism, if I am not mistaken.

I don't know from where did you get this data from times of Islamabad is fake as F

Remittances in the first 10 months of FY 2019 were recorded as 17.9 Billion USD
and Exports recorded in the first 9 Months of FY 2019 are $17 Billion USD ata released by State Bank of Pakistan

View attachment 559872 View attachment 559873

Well if we calculate annual figures based on your own figures, discarding any increases month to month basis in both Exports and Remittance. The Annual figures would be calculated as follows;

Exports for 9 months are $17 bn i.e. close to $ 18 billions, i.e. $1.89 bn a month, 1.89x3 $5.67 bn for next three months. The total export would be 18+5.67= $23.67 bn a year or even more.
Remittance for 10 months are 17.9 billions i.e. $ 18 bn a month, 2x2 $4 bn for next 2 months. Total export would be $18+$2= $20 billion or more.
The figures quoted for the Exports and Remittances are achievable in next 2 and 3 months. They are not way out, may be a billion or two difference and in the end we may get $45 to $46 billions rather than $47 billions.

 

[countryman]

I don't know from where did you get this data from ...State Bank of Pakistan

Well if we calculate annual ... Annual figures would be calculated as follows;

Someone might have quoted the wrong figures and news published it - while the figures are highly unrealistic given only 2 months left in FY19. Exports for 10 months of FY19 are $19.164 Billion and Remittances for same period are $17.875 Billion. CAD for past 10 months of will around $10 Billion. Though the current account deficit decreased YoY basis but it's unlikely we'll generate enough surplus in two months to offset already incurred current account deficit.

 

[crankthatskunk]

Someone might have quoted the wrong figures and news published it - while the figures are highly unrealistic given only 2 months left in FY19. Exports for 10 months of FY19 are $19.164 Billion and Remittances for same period are $17.875 Billion. CAD for past 10 months of will around $10 Billion. Though the current account deficit decreased YoY basis but it's unlikely we'll generate enough surplus in two months to offset already incurred current account deficit.

It is given that to reduce the trade deficit of $30 bn+ a year need monumental efforts and cannot be eliminated in a year or two, it needs sustain increase in exports, curb on imports.
Same goes for the deficit of $10 bn + a year, apart from exports, the remittances have to increase substantially to get rid of it. It would take few years, not just one.

Once again I repeat Dar should be prosecuted and hanged for creation of financial deathbed for Pakistan.
As Dr Ishfaq said, on top of it, he has taken so many sectors and payments out of the annual budgets purposefully to show the rosy pictures and parked them out of the budgets, even though they are sovereign liabilities payable by the State of Pakistan.
This man is evil through and through. All those Pakistani anchors who invite this thug to their shows are also traitors, who do not understand ABC of what Dar has done. They are just not educated enough to even interview this devilish person, a re-incarnation of "Iblees".

 

[countryman]

It is given that to reduce the trade deficit ... a re-incarnation of "Iblees".

Hmm. Whether possible or not, of course it is difficult task. Though reducing trade deficit to zero isn't objective of Govt nor it is useful. If govt had managed it more quickly - public would not have been able to bear after effects. Let's look forward and pray because IMF pills are much bitter.

Regarding Isaac Dar: After-all they were chosen by public. Public don't understand issues of govt, unfortunately if transparent elections are held in next a few months, PTI wouldn't get many seats despite their sincere efforts to cure ailment of economy.

 

[SSGcommandoPAK]

I don't know from where did you get this data from times of Islamabad is fake as F

Remittances in the first 10 months of FY 2019 were recorded as 17.9 Billion USD
and Exports recorded in the first 9 Months of FY 2019 are $17 Billion USD ata released by State Bank of Pakistan

View attachment 559872 View attachment 559873

ISLAMABAD - The Senate was informed on Thursday that remittances this year will increase to 22 billion dollars breaking the stagnant mode of the previous years.

Minister of State for Revenue Hammad Azhar told the House during Question Hour that exports have increased to 25 billion dollars and the government is committed to enhance them further to strengthen economy.

 

[War Thunder]

Foreign exchange is nearly 9 billion dollar
Rank 76
Country or region Pakistan
Foreign exchangereserves (millions of US$) 8,805
Figures as of 26 April 2019

Why so huge difference 47 billion verses 8 billion. Minister's might confused between million and billion.

I'm sure you can read the article in the OP before responding with a counter question and a doubt?

 

[Riz]

From where we will get 28 billion dollars to pay IMF in next two years???

 

[Wikki019]

From where we will get 28 billion dollars to pay IMF in next two years???

By getting more loans

 

[crankthatskunk]

Hmm. Whether possible or not, of course it is difficult task. Though reducing trade deficit to zero isn't objective of Govt nor it is useful. If govt had managed it more quickly - public would not have been able to bear after effects. Let's look forward and pray because IMF pills are much bitter.

Regarding Isaac Dar: After-all they were chosen by public. Public don't understand issues of govt, unfortunately if transparent elections are held in next a few months, PTI wouldn't get many seats despite their sincere efforts to cure ailment of economy.

Two things, lack of education, doesn't allow people to make right and informed decisions when voting. Result so many crooks and criminals end up in the Parliament.

Also problem with implementation of law. People like Dar should not be allowed to get elected in the first place, they should be sitting in the jail, rather than taking part in the elections.

From where we will get 28 billion dollars to pay IMF in next two years???

This precise question the anchors should ask the "Stalwarts" of PMLN, who are claiming that they were running the economy superbly.

 

[AZADPAKISTAN2009]

Have to say this is the best news in months