Discover and read the best of Twitter Threads about #tradedeficit

Most recents (6)

Financial Score Card of PTI Government:

(page 1)

PTI had 4 Finance Ministers in 4 years. These FMs failed in all the basic fundamentals of economy. This is not a political post but a statistical analysis of what went wrong & how Pakistan reach the verge of financial default.
1. GDP Growth
PTI crashed the stable Growth of 5% to 2%. This happened pre-covid when intl commodity prices were still low. This happened because @Asad_Umar was not prepared to juggle between loan payments & trade deficit. @ImranKhanPTI pushed him ultimately for @imf_pakistan
2. Import Optimization
Govt had no control of imports. Traders took max benefit of their utter unprofessionalism. Agriculture Pak imported weight upto 1 Billion $ in an year. Example incl Banned CBU units of PM friend @JAfridi10 went for imports for hundreds of millions (MG HS).
Read 11 tweets
Congressi trolls who know nothing about Economy,are giving gyaan on #Dollar& #Rupee

Yes Rupee hit 77.40 to a Dollar,but,but..

Every major currency has hit lows against Dollar

China's Yuan hit 2yr low@ 6.7 to $
Euro hit 5yr low@ 1.04 to a $

#DollarIndex hit 20yr high at 104.07
Some Business News anchors are saying Rupee has fallen against Dollar because our monthly #TradeDeficit is hitting $20bn&our Current Account Deficit(CAD),will be 3%

Well,$20bn a month Trade Deficit is no big deal for us,given that our Goods+Services Exports are a massive $670bn
2.5-3% CAD for an economy growing at average of 7.5-9.5% is not a big deal either

In fact,in last 8yrs,average CAD under @narendramodi govt has been sub 2%,so we have enough leeway on that count

Why then are major Currencies falling against Dollar?

Well,reason is,Fed Rate Hike
Read 5 tweets
آئیں آپ کو بتاتے ہیں کہ عمران خان کی 3 سالہ حکومت نے آپ کیلیے کیا کیا ہے؟

2018 سے پہلے کا پاکستان بمقابلہ 2021 کا پاکستان

2018 سے پہلے تک 20.5 ارب ڈالر رہ جانے والی #برآمدات 2021 میں 25.3 ارب ڈالر تک آ چکی ہیں جس میں مسلسل اضافہ جاری ہے


نوازشریف اور آصف زرداری کے دس سالہ دورِ اقتدار میں ٹیکسٹائل کی برآمدات کبھی 14 ارب ڈالر تک بھی نہیں پہنچی تھیں لیکن آج 2021 میں ٹیکسٹائل کی وہی برآمدات 15.4 ارب ڈالر تک پہنچ چکی ہیں اور اس میں الحمد للہ روز بروز اضافہ ہو رہا ہے


انفرمیشن ٹیکنالوجی کے میدان میں 2018 تک ہماری برآمدات صرف 1.06 ارب ڈالر تھیں جو آج 2021 میں الحمد للہ 2.12 ارب ڈالر تک پہنچ چکی ہیں اور ان میں بھی مسلسل اضافے کا رحجان ہے

Read 17 tweets
#TradeDeficit in February 2021 up 4.8% to $71.1B. #Exports down 2.6% to $187.3B. #Imports down 0.7% to $258.3B (seasonally adjusted). #CensusEconData
Goods and services #deficit ($71.1B) in February 2021 was the highest on record (seasonally adjusted). #CensusEconData #ForeignTrade #TradeDeficit
#GoodsDeficit ($88.0B) in February 2021 was the highest on record (seasonally adjusted). #CensusEconData #ForeignTrade
Read 7 tweets
India's Exports (Merchandise &Services) in April-Feb FY21,are $439.64bn,down 10.14%,YoY

Imports in April-Feb FY21 are $447.44bn,down 20.83%

But in Dec'20,Jan&Feb'21,#Exports started picking up,with Feb growth at 0.67%&2.46% in Dollar &Rupee terms

Export growth in Dec was 5.37%
Exports in Feb'21 were $27.93bn,Vs $27.74bn in Feb20,up 0.67%

In Rupee terms,Exports were Rs 2.03 lakh Cr in Feb'21,up 2.46%

Imports in Feb were $40.54bn/Rs 2.95 lakh Cr,up 6.96% in Dollar terms &8.86% in Rupee terms,YoY

Trade Deficit in Feb21 was $12.88bn,Vs $10.16bn in Feb20
Interestingly,in April-Feb 2020-21,TradeDeficit is only $7.80bn,Vs deficit of $75.90bn in April-Febr 2019-20

Merchandise #TradeDeficit of $12.62bn in Feb21 is much lower Vs $14.54bn in Jan21

Lower Trade deficit in FY21,not due to slowdown alone,but due to better terms of trade
Read 6 tweets
#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM

Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals

Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown

With INR@73.11/$ level,threat of imported inflation is minimal

#CoreInflation at sub 6%,bodes well
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables

After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪

#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
Read 5 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!