Decline in the Trade Deficit by a huge 32%, Exports Increased by 2.24 percent in Jan 2019 vs Jan 2018

[Geek]

اسلام آباد: ادارہ شماریات کے مطابق ملکی تجارتی خسارے اور درآمدات میں کمی واقع ہوئی ہے جب کہ برآمدات میں اضافہ ہو گیا ہے۔

ادارہ شماریات کے اعلامیے میں بتایا گیا ہے کہ مالی سال 19-2018 کے پہلے 7 ماہ میں تجارتی خسارہ 19 ارب 26 کروڑ 40 لاکھ ڈالر ہو گیا ہے۔

ادارہ شماریات کے مطابق جولائی تا جنوری تجارتی خسارہ 9 اعشاریہ 66 فیصد کم ہوا جب کہ 7 ماہ میں برآمدات 13 ارب 23 کروڑ 10 لاکھ ڈالر رہیں۔

ادارہ شماریات کا کہنا ہے کہ گزشتہ سال کے مقابلے میں برآمدات میں 2 اعشاریہ 24 فیصد اضافہ ہوا۔

اعلامیے کے مطابق پہلے 7 ماہ میں درآمدات کا حجم 32 ارب 49 کروڑ 50 لاکھ ڈالر رہا اور گزشتہ سال کے مقابلے میں درآمدات میں 5 اعشاریہ 17 فیصد کمی ہوئی۔

ادارہ شماریات نے بتایا کہ جنوری 2019 میں تجارتی خسارہ 2 ارب 46 کروڑ 10 لاکھ ڈالر رہا اور جنوری 2018 کے مقابلے میں گزشتہ ماہ میں تجارتی خسارہ 31 اعشاریہ 74 فیصد کم ہوا۔

ادارہ شماریات کا کہنا ہے کہ جنوری میں برآمدات 2 ارب ڈالر سے زائد رہیں جب کہ گزشتہ ایک ماہ میں درآمدات 4 ارب 50 کروڑ 40 لاکھ ڈالر رہیں جس میں جنوری 2018 کے مقابلے میں 19 فیصد کمی ہوئی ہے۔

ادارہ شماریات کے مطابق جنوری 2019 میں برآمدات میں 4 فیصد اضافہ ہوا ہے۔

یاد رہے کہ وزیراعظم کے مشیر برائے تجارت عبدالرزاق داؤد کا کہنا ہے کہ ہماری پالیسی اور ملکی معیشت کی گاڑی بالکل ٹھیک چل رہی ہے جب کہ روپے کی قدر میں کمی کا فائدہ آئندہ 5 ماہ میں نظر آئےگا۔​

https://urdu.geo.tv/latest/196866-

 

[choclate]

Decline in imports is an indication no outside investment is coming- rise in exports of 2 percent is ok and along the lines of previous 12 months but lower than the trajectory established from 2013-2017 I believe.

 

[hassan.te]

Decline in imports is an indication no outside investment is coming- rise in exports of 2 percent is ok and along the lines of previous 12 months but lower than the trajectory established from 2013-2017 I believe.

FDI and imports are two totally different things... Sir

 

[kakamuna420]

Our main export is manpower. Those guys are working like donkeys sending money back while politicians are enjoying in Islamabad finding girls for triple marriages

 

[Imran the legend]

Pakistan's trade deficit plunged by 9.66 per cent to $19.26 billion during the first seven months of the current fiscal, as compared to the same period last year.

Data released by the Pakistan Bureau of Statistics (PBS) on Monday showed the trade deficit contracted by over $2 billion to $19.264 billion in the July-January period of 2018-19 against a deficit of $21.32 billion during the corresponding months last year.

Exports increased by 2.24pc to $13.23 billion during the period under review from $12.94 billion in the same period of 2017-18.

Meanwhile, imports declined by 5.17pc to $32.49 billion from $34.27 billion in the first seven months.

A statement issued by the Ministry of Commerce said that its interventions to effectively control the fast-widening trade deficit have started delivering positive results.

It said in the month of January 2019 alone, the trade deficit plunged by $1.14 billion. In January, imports declined by $1.07 billion (19pc) while exports rose by 4pc.

Imports have started declining due to a number of policy interventions by the government that include import contraction measures like regulatory duties on non-essential items, improved energy supply, import substitution, economic stabilisation and currency devaluation.

Imports of non-essential consumer items have declined as a result of regulatory duties. In January 2019, imports of products that are subject to regulatory duties declined by 16pc. Import of power generation equipment too has declined by $724 million.

After the restriction imposed on the import of furnace oil, its imports fell from 3 million MT to 0.4 million MT.

The growth in exports over the seven months was driven by a number of items.

Exports of articles of apparel increased by $306 million; copper and footwear also registered healthy growth. Cement exports have shown a 50pc increase in July-January.

Agricultural exports including wheat, rice, citrus, ethanol, dates, and potatoes also increased by $248 million.

Potato exports have shown a 116pc growth in value terms and 120pc increase in terms of quantity.
Source

 

[NasNY]

Its only been 6 months.... there will be ups and downs,
it must continue, 2-3 years we will get a complete picture.

Debt control, exports,poverty reduction, jobs creation and accountability of corruption are my criteria for progress.
It looks good slow but steady.

Punishment for mega corruption this govt is lagging behind.

 

[miafridi]

Hopefully this deficit will keep narrowing.

 

[miafridi]

We wish that the gap further narrows between the exports and imports, because it had gone to an unsustainable level, and if only they can stay at the same level we probably won't need any loans from outside.