Trade deficit widens to $19b

[Pakistanithinktank]

Pakistan doesn’t just need small fixes anymore, the entire system needs to be rebuilt from the ground up. Every department, every institution, every place where decisions are made has been hollowed out. And honestly, if the establishment had even a mosquito’s worth of common sense, they’d focus on the collapsing economy and give people some relief. They’d think about families who can’t afford groceries, young people losing hope, and workers crushed under inflation.

But instead of helping the nation breathe, they’re busy tightening their grip on everything. And the moment anyone dares to speak against their actions, they’re kidnapped, threatened, tortured, or thrown into prison. It’s heartbreaking to watch a country with so much potential being hijacked by people who care only about power, not the people living under it.

 

[Pakistani Dragon]

@Pakistan Space Agency

See where your illegal regime has taken the country to. No constitution, no law, no media freedom, no justice system, no retirement age, lawlessness everywhere, and on top economy destroyed.

What your puppet govt is really doing except boot licking & nominating trump for nobel peace prize ?

Wow. Trade deficit is now $19 billion. Wow. And, you got your panties in a twist?

Let's forget the trade deficit for financial year 2021-2022 which was $45 billion.

Now, do you even know the average trade deficit for Pakistan for the last 10 years?

Average trade deficit has been $33 billion but last year was the first time since 2011 (if I'm not mistaken) when Pakistan also had a current account surplus.

 

[Samlee]

Wow. Trade deficit is now $19 billion. Wow. And, you got your panties in a twist?

Let's forget the trade deficit for financial year 2021-2022 which was $53.56 billion.

Now, do you even know the average trade deficit for Pakistan for the last 10 years?

Average trade deficit has been $33 billion but last year was the first time since 2011 (if I'm not mistaken) when Pakistan also had a current account surplus.

I Expected Some Stupid BS To Come From Your Keyboard, And You Never Disappoint.$19 Billion Trade Deficit Is Only For Six Months. We're Still Halfway Into The Fiscal Year, And $19 Billion Trade Deficit.

Additionally, the Trade Deficit In 2021-22 Spiked Due To The Commodity Super cycle Induced By the Russian Invasion Of Ukraine, Which Drove up Energy Prices Worldwide. Now Oil Prices Have Fallen To Their Lowest In 5 Years, So Why The Deficit???

So, Tell Me If the Average Trade Deficit Has Always Been $33 billion, How Do You Expect This To Be the IMF's Last Program As Claimed By Your Tajurbakar Prime Minister? Your Equally Tajurbakar Planning Minister Claims To Take Exports To $60 Billion Within The Next Three Years How Do You Plan To Do That When Exports Have Fallen By 20%.

 

[onlinpunit]

Source: Dawn
https://search.app/wHbyu

Exports plunge 20% in December. Trade gap widens.

Even at 19% tarrif ? How about export to china ?

 

[Pakistani Dragon]

@Pakistan Space Agency will wait it out for a few days, and then post a stock market update after a new IMF loan, and then create a chart of how his babu-daku gov't got some UAE/KSA promise to announce FDI.

You attack me with your bongiyan once again, puttputt? Why bro?

Here's the trade history and trade balance going all the way back to financial year 2005-2006.

If you put your glasses on, could you please point out the year for the worst ever trade balance.

Financial Year​	Goods Exports​	Services Exports​	Goods Imports​	Services Imports​	Combined Exports​	Combined Imports​	Trade Balance​
2005–2006​	$16.556 billion	$3.736 billion	$24.801 billion	$8.297 billion	$20.292 billion	$33.098 billion	-$12.806 billion
2006–2007​	$17.332 billion	$4.128 billion	$27.046 billion	$8.421 billion	$21.460 billion	$35.467 billion	-$14.007 billion
2007–2008​	$20.376 billion	$3.551 billion	$35.289 billion	$10.151 billion	$23.927 billion	$45.440 billion	-$21.513 billion
2008–2009​	$19.184 billion	$4.085 billion	$31.484 billion	$7.566 billion	$23.269 billion	$39.050 billion	-$15.781 billion
2009–2010​	$19.631 billion	$5.207 billion	$31.098 billion	$6.967 billion	$24.838 billion	$38.065 billion	-$13.227 billion
2010–2011​	$25.283 billion	$5.723 billion	$35.815 billion	$7.753 billion	$31.006 billion	$43.568 billion	-$12.562 billion
2011–2012​	$24.723 billion	$5.010 billion	$40.413 billion	$8.317 billion	$29.733 billion	$48.730 billion	-$18.997 billion
2012–2013​	$24.932 billion	$6.726 billion	$40.274 billion	$8.296 billion	$31.658 billion	$48.570 billion	-$16.912 billion
2013–2014​	$25.068 billion	$5.352 billion	$41.634 billion	$8.024 billion	$30.420 billion	$49.658 billion	-$19.238 billion
2014–2015​	$24.105 billion	$5.872 billion	$41.291 billion	$8.875 billion	$29.977 billion	$50.166 billion	-$20.189 billion
2015–2016​	$21.879 billion	$5.435 billion	$40.877 billion	$8.970 billion	$27.314 billion	$49.847 billion	-$22.533 billion
2016–2017​	$21.998 billion	$5.908 billion	$47.924 billion	$10.588 billion	$27.906 billion	$58.512 billion	-$30.606 billion
2017–2018​	$24.807 billion	$5.883 billion	$55.871 billion	$12.305 billion	$30.690 billion	$68.176 billion	-$37.486 billion
2018–2019​	$24.367 billion	$6.007 billion	$51.915 billion	$10.920 billion	$30.374 billion	$62.835 billion	-$32.461 billion
2019–2020​	$22.424 billion	$5.419 billion	$43.392 billion	$8.780 billion	$27.843 billion	$52.172 billion	-$24.329 billion
2020–2021​	$25.520 billion	$5.917 billion	$54.074 billion	$8.482 billion	$31.437 billion	$62.556 billion	-$31.119 billion
2021–2022​	$32.413 billion	$7.099 billion	$71.473 billion	$12.980 billion	$39.512 billion	$84.453 billion	-$44.941 billion
2022–2023​	$27.920 billion	$7.580 billion	$52.839 billion	$8.635 billion	$35.500 billion	$61.474 billion	-$25.974 billion
2023–2024​	$31.026 billion	$7.708 billion	$53.351 billion	$10.812 billion	$38.734 billion	$64.163 billion	-$25.429 billion
2024–2025​	$32.220 billion	$8.383 billion	$59.088 billion	$11.184 billion	$40.603 billion	$70.272 billion	-$29.669 billion
2025–2026​	$13.291 billion	$4.025 billion	$25.785 billion	$5.007 billion	$17.316 billion	$30.792 billion	-$13.476 billion

Source is SBS: Balance of Payments as per BPM6 (Seasonally Adjusted)

 

[Samlee]

You attack me with your bongiyan once again, puttputt? Why bro?

Here's the trade history and trade balance going all the way back to financial year 2005-2006.

If you put your glasses on, could you please point out the year for the worst ever trade balance.

Financial Year​	Goods Exports​	Services Exports​	Goods Imports​	Services Imports​	Combined Exports​	Combined Imports​	Trade Balance​
2005–2006​	$16.556 billion	$3.736 billion	$24.801 billion	$8.297 billion	$20.292 billion	$33.098 billion	-$12.806 billion
2006–2007​	$17.332 billion	$4.128 billion	$27.046 billion	$8.421 billion	$21.460 billion	$35.467 billion	-$14.007 billion
2007–2008​	$20.376 billion	$3.551 billion	$35.289 billion	$10.151 billion	$23.927 billion	$45.440 billion	-$21.513 billion
2008–2009​	$19.184 billion	$4.085 billion	$31.484 billion	$7.566 billion	$23.269 billion	$39.050 billion	-$15.781 billion
2009–2010​	$19.631 billion	$5.207 billion	$31.098 billion	$6.967 billion	$24.838 billion	$38.065 billion	-$13.227 billion
2010–2011​	$25.283 billion	$5.723 billion	$35.815 billion	$7.753 billion	$31.006 billion	$43.568 billion	-$12.562 billion
2011–2012​	$24.723 billion	$5.010 billion	$40.413 billion	$8.317 billion	$29.733 billion	$48.730 billion	-$18.997 billion
2012–2013​	$24.932 billion	$6.726 billion	$40.274 billion	$8.296 billion	$31.658 billion	$48.570 billion	-$16.912 billion
2013–2014​	$25.068 billion	$5.352 billion	$41.634 billion	$8.024 billion	$30.420 billion	$49.658 billion	-$19.238 billion
2014–2015​	$24.105 billion	$5.872 billion	$41.291 billion	$8.875 billion	$29.977 billion	$50.166 billion	-$20.189 billion
2015–2016​	$21.879 billion	$5.435 billion	$40.877 billion	$8.970 billion	$27.314 billion	$49.847 billion	-$22.533 billion
2016–2017​	$21.998 billion	$5.908 billion	$47.924 billion	$10.588 billion	$27.906 billion	$58.512 billion	-$30.606 billion
2017–2018​	$24.807 billion	$5.883 billion	$55.871 billion	$12.305 billion	$30.690 billion	$68.176 billion	-$37.486 billion
2018–2019​	$24.367 billion	$6.007 billion	$51.915 billion	$10.920 billion	$30.374 billion	$62.835 billion	-$32.461 billion
2019–2020​	$22.424 billion	$5.419 billion	$43.392 billion	$8.780 billion	$27.843 billion	$52.172 billion	-$24.329 billion
2020–2021​	$25.520 billion	$5.917 billion	$54.074 billion	$8.482 billion	$31.437 billion	$62.556 billion	-$31.119 billion
2021–2022​	$32.413 billion	$7.099 billion	$71.473 billion	$12.980 billion	$39.512 billion	$84.453 billion	-$44.941 billion
2022–2023​	$27.920 billion	$7.580 billion	$52.839 billion	$8.635 billion	$35.500 billion	$61.474 billion	-$25.974 billion
2023–2024​	$31.026 billion	$7.708 billion	$53.351 billion	$10.812 billion	$38.734 billion	$64.163 billion	-$25.429 billion
2024–2025​	$32.220 billion	$8.383 billion	$59.088 billion	$11.184 billion	$40.603 billion	$70.272 billion	-$29.669 billion
2025–2026​	$13.291 billion	$4.025 billion	$25.785 billion	$5.007 billion	$17.316 billion	$30.792 billion	-$13.476 billion

Source is SBS: Balance of Payments as per BPM6 (Seasonally Adjusted)

So, From The Above, When Your Pawpaw Was PM In 2013, Total Exports Were $30.420 Billion, And When In 2017 He Left Total Exports Were $30.374 Billion. All You Could Manage In Those 5 Years Was A Decrease Of $46 Million. Whereas When PTI Inherited The Mess You Patwaris Made, Exports Were $30.374 Billion And When They Were Removed By Bajwa and Co, Exports Reached In 2021-22 $39.512 Billion Inspite Of COVID And Commodity Supercycle.


And Living Up To Their Fine Traditions Of Destroying Pakistan's Economy Patwaris Are Crashing Exports and Deindustrializing The Economy Again

 

[Samlee]

Dedicating this to PTI Shaikh Chillis.

View attachment 169948

That's All You Pootwari Clowns Have Left, Memes.

Pathetic

 

[puttputt]

You attack me with your bongiyan once again, puttputt? Why bro?

Here's the trade history and trade balance going all the way back to financial year 2005-2006.

If you put your glasses on, could you please point out the year for the worst ever trade balance.

Financial Year​	Goods Exports​	Services Exports​	Goods Imports​	Services Imports​	Combined Exports​	Combined Imports​	Trade Balance​
2005–2006​	$16.556 billion	$3.736 billion	$24.801 billion	$8.297 billion	$20.292 billion	$33.098 billion	-$12.806 billion
2006–2007​	$17.332 billion	$4.128 billion	$27.046 billion	$8.421 billion	$21.460 billion	$35.467 billion	-$14.007 billion
2007–2008​	$20.376 billion	$3.551 billion	$35.289 billion	$10.151 billion	$23.927 billion	$45.440 billion	-$21.513 billion
2008–2009​	$19.184 billion	$4.085 billion	$31.484 billion	$7.566 billion	$23.269 billion	$39.050 billion	-$15.781 billion
2009–2010​	$19.631 billion	$5.207 billion	$31.098 billion	$6.967 billion	$24.838 billion	$38.065 billion	-$13.227 billion
2010–2011​	$25.283 billion	$5.723 billion	$35.815 billion	$7.753 billion	$31.006 billion	$43.568 billion	-$12.562 billion
2011–2012​	$24.723 billion	$5.010 billion	$40.413 billion	$8.317 billion	$29.733 billion	$48.730 billion	-$18.997 billion
2012–2013​	$24.932 billion	$6.726 billion	$40.274 billion	$8.296 billion	$31.658 billion	$48.570 billion	-$16.912 billion
2013–2014​	$25.068 billion	$5.352 billion	$41.634 billion	$8.024 billion	$30.420 billion	$49.658 billion	-$19.238 billion
2014–2015​	$24.105 billion	$5.872 billion	$41.291 billion	$8.875 billion	$29.977 billion	$50.166 billion	-$20.189 billion
2015–2016​	$21.879 billion	$5.435 billion	$40.877 billion	$8.970 billion	$27.314 billion	$49.847 billion	-$22.533 billion
2016–2017​	$21.998 billion	$5.908 billion	$47.924 billion	$10.588 billion	$27.906 billion	$58.512 billion	-$30.606 billion
2017–2018​	$24.807 billion	$5.883 billion	$55.871 billion	$12.305 billion	$30.690 billion	$68.176 billion	-$37.486 billion
2018–2019​	$24.367 billion	$6.007 billion	$51.915 billion	$10.920 billion	$30.374 billion	$62.835 billion	-$32.461 billion
2019–2020​	$22.424 billion	$5.419 billion	$43.392 billion	$8.780 billion	$27.843 billion	$52.172 billion	-$24.329 billion
2020–2021​	$25.520 billion	$5.917 billion	$54.074 billion	$8.482 billion	$31.437 billion	$62.556 billion	-$31.119 billion
2021–2022​	$32.413 billion	$7.099 billion	$71.473 billion	$12.980 billion	$39.512 billion	$84.453 billion	-$44.941 billion
2022–2023​	$27.920 billion	$7.580 billion	$52.839 billion	$8.635 billion	$35.500 billion	$61.474 billion	-$25.974 billion
2023–2024​	$31.026 billion	$7.708 billion	$53.351 billion	$10.812 billion	$38.734 billion	$64.163 billion	-$25.429 billion
2024–2025​	$32.220 billion	$8.383 billion	$59.088 billion	$11.184 billion	$40.603 billion	$70.272 billion	-$29.669 billion
2025–2026​	$13.291 billion	$4.025 billion	$25.785 billion	$5.007 billion	$17.316 billion	$30.792 billion	-$13.476 billion

Source is SBS: Balance of Payments as per BPM6 (Seasonally Adjusted)

Your own chart exposes you.

1. Care to explain why the current account deficit increased by 85%+ between the start and finish of your babu daku's term from 2013 to 2018?

2. In PTI's term, the CAD was on a gradual decrease from 2018 to 2020, but rebounded heavily, resulting in a massive spike. This is true. But what you didn't mention was that it was around this time that the Russia-Ukraine War began, global supply chains were disrupted (leading to inflationary spikes), and this, in turn, drove an abnormal increase in import costs. But during the PTI's term, imports declined gradually, and exports rose gradually, the opposite of your 2013-2018 term.

3. The current CAD is more of a reflection of a poor household, i.e., its ability to earn (export) has diminished and, as a result, so has its ability to buy (import). In absence of hard-currency injections, the imports will remain low.

However, should hard-currency injections (e.g., loans, investment) come, your babu-dakus will, 100%, drive imports up, as they did before in 2013-2018, on the back of Ishaq Dollar Dar's PKR-fixing loans and FDI from CPEC.

 

[puttputt]

Dedicating this to PTI Shaikh Chillis.

View attachment 169948

 

[Bilal]

In PTI's term, the CAD was on a gradual decrease from 2018 to 2020, but rebounded heavily, resulting in a massive spike. This is true. But what you didn't mention was that it was around this time that the Russia-Ukraine War began, global supply chains were disrupted

And COVID shock. If you listen Gohar Ejaz (very close to establishment) he gives the breakdown of the spike (that year) due to massive import of vaccines and spike in commodity prices.

Right now (as in last PMLN CAD crisis) the commodities are at low prices and there is no COVID like emergency imports. Yet we are going to run into multi-billion dollar current account deficit. Great performance!

P.S.: do you know we have imported nearly a billion dollars worth of mobile phones, and it’s just half a year!

P.P.S.: and it’s their 4th year in power! with unprecedented support from establishment!! Chaar saal baadh bhi kahaniya suna rahay hien, bahanay bana rahay hien.

 

[puttputt]

And COVID shock. If you listen Gohar Ejaz (very close to establishment) he gives the breakdown of the spike (that year) due to massive import of vaccines and spike in commodity prices.

Right now (as in last PMLN CAD crisis) the commodities are at low prices and there is no COVID like emergency imports. Yet we are going to run into multi-billion dollar current account deficit. Great performance!

P.S.: do you know we have imported nearly a billion dollars worth of mobile phones, at it’s just half a year!

P.P.S.: and its their 4th year in power, with unprecedented support from establishment!! Chaar saal baadh bhi kahaniya suna rahay hien, bahanay bana rahay hien.

Yep. Not only that, but rising imports in and of themselves are fine, provided that your exports rise in lock-step and eventually surpass imports.

One sign of 'productive imports' is the growth of importing raw materials and factory equipment, both of which go into manufacturing, which helps reduce imports (of manufactured goods, e.g., cars, medicine, etc) and also drives up exports of said goods, hence closing the CAD.

So, you can reduce CAD through dual-import and export growth, which is a good sign, actually, because it indicates that your imports are productive.

OTOH, if your CAD crashes due to dropping imports and exports, it just means you're getting poorer.

Of course, don't expect babu-dakus like @Pakistan Space Agency to know, much less speak of, economic issues in an informed, literate way.

 

[Jango]

And COVID shock. If you listen Gohar Ejaz (very close to establishment) he gives the breakdown of the spike (that year) due to massive import of vaccines and spike in commodity prices.

Right now (as in last PMLN CAD crisis) the commodities are at low prices and there is no COVID like emergency imports. Yet we are going to run into multi-billion dollar current account deficit. Great performance!

P.S.: do you know we have imported nearly a billion dollars worth of mobile phones, and it’s just half a year!

P.P.S.: and it’s their 4th year in power! with unprecedented support from establishment!! Chaar saal baadh bhi kahaniya suna rahay hien, bahanay bana rahay hien.

Those bridges and fancy electric busses aren't going to come by themselves

But they do make for good Tiktoks.

 

[Bilal]

Those bridges and fancy electric busses aren't going to come by themselves

But they do make for good Tiktoks.

I honestly think ke establishment walay apnay ghar ke samnay 2 sarak aur naali banta dekh ker impress ho jatay hien ke yeh champion economy bhi chala lenge.

 

[puttputt]

Those bridges and fancy electric busses aren't going to come by themselves

But they do make for good Tiktoks.

The insane thing is that if the babu-dakus weren't as retarded and illiterate as they are, they could make bonkers more money through a productive, export-oriented economy than the pennies they're plundering today.

 

[Jango]

I honestly think ke establishment walay apnay ghar ke samnay 2 sarak aur naali banta dekh ker impress ho jatay hien ke yeh champion economy bhi chala lenge.

It truly is mind boggling how many times we do the same thing and expect different outcomes.