Highest EVER exports in Q1 of Fiscal Year 2021!!!

[MHAMZA]

so in pkr the tax collection has increased 40 percent?

Yes PKR has been devalued approximately 25% since this new Gov took charge so if you import the same commodity now when USD is 171 to PKR you will have to pay more in PKR as compared to time when 1 USD was 130 PKR .. so on and so forth

 

[Pakistan Space Agency]

Trade Deficit of 11.8 billion dollar is also the highest ever.

Pakistan did 6.3 billion dollar import average in 3 months from July to Sep

Pakistan did export of 2.35 billion dollar in 3 months from July to Sep.


You only tell one side of story.

Everything negative becomes positive during PTI rule. It's just Shaikh Chilli logic.

 

[desan]

Those who are touting record tax collection in PKR should know that now PKR is so weak so more PKR is required on goods and services , it is a figure ...in value it is more or less same as last Gov

Taxes are collected in Rupees, not in dollars.

It has nothing to do with Rupee/Dollar parity.

 

[desan]

Trade Deficit of 11.8 billion dollar is also the highest ever.

Pakistan did 6.3 billion dollar import average in 3 months from July to Sep

Pakistan did export of 2.35 billion dollar in 3 months from July to Sep.


You only tell one side of story.

Also, the biggest import bill is usually due to fuel cost which risen significantly in recent months...

 

[Okara]

Trade Deficit has also increased as expected due to imports of machinery and other equipment for the Revving Economy...

What's source of information on the tweet you used for this thread?

 

[desan]

What's source of information on the tweet you used for this thread?

External Trade Statistics Tables | Pakistan Bureau of Statistics

www.pbs.gov.pk

This is the source above tweet used.

 

[Okara]

External Trade Statistics Tables | Pakistan Bureau of Statistics

www.pbs.gov.pk

This is the source above tweet used.

Thanks. Here is the link from this website
Annual and Quarterly Terms of Trade and Unit Value Indices of Exports and Imports
According to it
From Jan-March 2021, exports were 908.87 and imports were 1,471.46
From Apr-June 2021, exports were 901.92 and imports were 1,545.75
If we compare the two quarters, exports were higher in Jan-March vs Apr-June and Imports were higher in Apr-June vs Jan-March.
Is this not contradictory to the tweet?

 

[desan]

Thanks. Here is the link from this website
Annual and Quarterly Terms of Trade and Unit Value Indices of Exports and Imports
According to it
From Jan-March 2021, exports were 908.87 and imports were 1,471.46
From Apr-June 2021, exports were 901.92 and imports were 1,545.75
If we compare the two quarters, exports were higher in Jan-March vs Apr-June and Imports were higher in Apr-June vs Jan-March.
Is this not contradictory to the tweet?

Above data is for FY 20-21
Below is for Q1 FY 21-22

https://www.pbs.gov.pk/sites/default/files//external_trade/monthly_external_trade/2021/October-2021/Summary%20-%20September%2C%202021.pdf

 

[Okara]

Above data is for FY 20-21
Below is for Q1 FY 21-22

https://www.pbs.gov.pk/sites/default/files//external_trade/monthly_external_trade/2021/October-2021/Summary%20-%20September%2C%202021.pdf

Thanks for correction but look at the CAD it was less in 2020 vs 2021. Yes exports increasing but imports are increasing too.
Can't we appreciate PMIK for appointing Shoukat Tareen the most successful businessman and banker as a FM for this CAD?

 

[Hate_Nooras]

Yes PKR has been devalued approximately 25% since this new Gov took charge so if you import the same commodity now when USD is 171 to PKR you will have to pay more in PKR as compared to time when 1 USD was 130 PKR .. so on and so forth

The govt hasn't devalued, it's what it's worth. If you have an alternative, let's hear it.