Pakistan shifts from stabilisation to export-led growth, says finance minister

[东风夜放花千树]

Data shows that Pakistan's exports continue to grow.

The website address is:https://www.ceicdata.com/en/indicator/pakistan/total-exports

 

[Blain2]

Kinno exports struggle amid regional tensions

Kabul border dispute and unstable markets put citrus sector at risk.

www.dawn.com

We cannot export our kinnus to C.Asia. This year our kinnu exports will be half of last year.,

So? We should allow the goddamned Kinnow export while our citizens are being murdered by Afghan Taliban?

 

[VCheng]

At least PIA seems to be off the government's back. What a clown-show that has been. The government needs to wean off all these loss making entities. Only then will the government have the breathing room to allow for subsidies etc. for investments to drive an export-led/first approach.

I would caution waiting for all the details and eventual management of PIA to come out first before concluding any of that.

 

[Blain2]

I would caution waiting for all the details and eventual management of PIA to come out first before concluding any of that.

Still a step in the right direction. The government has no business running an airline.

 

[mythbuster]

PIA used to be a great service...Emirates and many other airlines considered amazing for their services nowadays...PIA had a big hand in their foundational development.

The tragedy with PIA and all other state institutions like Steel Mills...is that all the chamchay of various parties kept getting cushy positions for absolutely no reason other than being bootlickers. The bigger the bootlicker ..the cushier his/her sifaarish position no matter how unfit or undeserving. U would never see this in a private entity...bcuz such behavior would bankrupt them. State institutions can get away with this for far longer bcuz they have a behemoth work force(the entire population of that country) that can just be taxed away to keep supporting such corrupt policies...even if they continue to make losses for years.

Anyone who purchases PIA...and if they have deep pockets. They can absolutely turn it around into a profitable airline bcuz they would not be overly bloating PIA and handing out paychecks to subpar staff.

PIA motto of yesteryears ! We taught 30 birds how to fly...... landing rights in 70 countries is no joke ...slots a Heathrow JFK and other big names is a huge assets....it will turn around.

 

[VCheng]

Still a step in the right direction. The government has no business running an airline.

Yes, a step in the right direction, but still a long ways to go before it is off the government books. I guess a measure of thanks to IMF may be due if and when the process is completed.

 

[Blain2]

Kis bechare ka naseeb phota jis ne PIA purchase ki ?

It was one of the best airlines in the 50s-70s. This was because cronyism was limited and the service was top-notch with many of the pioneers helping it grow with a sense of national duty.
Now only a private entity can make this turnaround happen and while they may not do it out of concern for national duty, they'd be just as hard pressed to do it for corporate growth. Our government is too big and too inefficient to be able to handle these types of things.

 

[Starlord]

It was one of the best airlines in the 50s-70s. This was because cronyism was limited and the service was top-notch with many of the pioneers helping it grow with a sense of national duty.
Now only a private entity can make this turnaround happen and while they may not do it out of concern for national duty, they'd be just as hard pressed to do it for corporate growth. Our government is too big and too inefficient to be able to handle these types of things.

Yeah I remember reading about early days of PIA, it was a very good airline but than corruption eat it like deemak eat wood, and here we are. Well I hope that it will relax some burden off Pakistan Govt, and Private owner will bring some much needed reform to make it a profitable airline again.

 

[Goenitz]

So? We should allow the goddamned Kinnow export while our citizens are being murdered by Afghan Taliban?

Did that stop us from talking and trading with the US or its allies during or after the occupation? BTW, we are still importing Indian agri/pharma goods via UAE.
Yes, we should stop trade and expel Afghans, but the manner we did has ceased our access to C.Asia. It is not about Kinnu but all agricultural products like flour, lentils, etc. India is trying to replace us in that market, and this is just from an economic pov.

Now, this 110m $ investment may go to India.

Pakistan can-maker to establish $110mn facility in Afghanistan

Pakistan Aluminium Beverage Cans Limited (PABC) has announced plans to set up a new $110 million beverage can...

www.brecorder.com

 

[Meengla]

From what I see watching some recent blogs, the huge gains in the Stock Market of Pakistan has injected a lot of cash/liquidity in corporate pockets to enable huge investments like buying PIA and more privatization to come. So, while the Stocks may not be the true indicators of an economy's health, it does seem like Stock Market's high ride does have significant value in a country's economy. I bet those here who Pooh Pooh the current Pakistani high stock market would also say negative about a very low stock exchange. You can't please some people in anyway.
As for the Finance Minister's remarks, indeed Pakistan has moved far ahead of the dangers of the fiscal default which it was staring just 2-3 years ago and time is to clean up the domestic mess of waste and capitalize on foreign investments and arms sales like the recent one to Libya. Operation Sindoor folly by India is leading to Pakistan's higher stature with significant positive news on Pakistan's economy. You will see much happening between now and December 2026.

 

[Pakistan Space Agency]

Good to dream. 141 textile mills closed.

Oh wow. How many are there in Pakistan?



Now how many new units are opening? How many are merging? How many are expanding to foreign countries? How many are coming here from abroad?

Let's look at both sides of the argument:

 

[Blain2]

Did that stop us from talking and trading with the US or its allies during or after the occupation? BTW, we are still importing Indian agri/pharma goods via UAE.
Yes, we should stop trade and expel Afghans, but the manner we did has ceased our access to C.Asia. It is not about Kinnu but all agricultural products like flour, lentils, etc. India is trying to replace us in that market, and this is just from an economic pov.

Now, this 110m $ investment may go to India.

Pakistan can-maker to establish $110mn facility in Afghanistan

Pakistan Aluminium Beverage Cans Limited (PABC) has announced plans to set up a new $110 million beverage can...

www.brecorder.com

Let us kindly have clarity on the issue please.

The US did NOT occupy Pakistan so why in the world would Pakistan stop talking and trading with them or their allies? Last time I checked, Pakistan was not responsible for Afghanistan, but only our interests. When Americans attacked the Salala post, we stopped their entire supply corridor for months until we got an apology from the highest levels of the USG (I.e., SoS Clinton) and no such attack ever occurred again.

India is yet another example for us, i.e., not trading with them while they kill Kashmiris and Pakistanis. What gets rebranded in the UAE as the source of export is a game that is played but it comes nowhere close to the actual bilateral trade potential that can be had. You could lump the smuggling across the Pak-Afg border in the same category that it cannot be 100% locked down. However, open trade and even transit trade through Afghanistan is a no go till these Afghan takfiri Taliban mend their ways.

So let not $110M but $1B go to India from the goddamned Taliban for all I care. For as long as they murder Pakistani citizens, Pakistan should not facilitate anything for those bastards.

I could respond with a whole lot more to debunk this "India will replace us" thinking but it is not needed at this time.

 

[newb3e]

Fm from shitting turd moving to shittinng gold...would have been a better delusional title!! ending with mandatory chant praising the FM "meri jind meri jaan"

 

[Blain2]

Good to dream. 141 textile mills closed.

Why is there always this doom and gloom? When were rivers of honey and milk ever flowing in Pakistan? I don't recall any in Imran Khan's tenure so what nirvana are we expecting? It will always be incremental changes, some good and some bad.

I am not pro-PML and neither am I anti-PTI. However, whether it's the former or the latter, Pakistan's progress/regression trajectory has been similar (leaving the fanboys and their trumped up statistics aside).

 

[PK781]

economy still in gutter and ordinary awaam struggling with hyperinflation and unemployment.
Yet these 'imported' clown finance minister says BS all day long.....realities on ground is different.
MASSIVE FAILURE OF ALL POLICIES
All the Mafias (waderas, feudal lords, holy cows, politicians, bureaucracy, judiciary) have destroyed it....and now nobody in the world wants to come invest or do business here, they're all leaving or left already!