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Foreign debt situation and foreign exchange depository

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Foreign debt situation and foreign exchange depository With the exception of IMF loans and international donations, Pakistan's remittances from overseas workers are also the major source of foreign exchange, slowing the impact of foreign investment shortages and trade deficits on the country’s current account. Pakistan’s foreign exchange reserves in 2015/16 increased from US$9.096 billion in 2013/14 to US$18.143 billion, but still had a large amount of foreign debts below US$73.063 billion; the foreign exchange deposit and payment capacity for imports from 2013/14 to 2015/16 were 2.2 respectively. , 3.3 and 4.0 months, overall, the overall external liquidity capacity improved slightly. The political situation in Pakistan is still affected by the influence of opposition parties. The military forces are still not completely out of political control. They are under pressure from the government’s fiscal deficits and current account deficits. Investors’ confidence is ...
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Foreign trade and international revenue

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 Foreign trade and international revenue and expenditure Pakistan is the fourth-largest cotton producer in the world. Textiles and garments are Pakistan’s main export products, accounting for more than half of total exports. Agricultural exports account for 20% of exports, half of which is rice, and the rest are mainly fruits and sugar. On the import side, Pakistan relies on foreign oil products, and global oil prices have an impact on current accounts. The climate impact on cotton production in 2016 will continue to affect Pakistan’s textile exports in 2017. Although global low oil prices have led to lower import values, the trade deficit has continued to increase. The trade deficit in 2014/15 was US$ 17.284 billion and the 2015/16 trade deficit was 184.78. Billion U.S. dollars; As the demand for imported investment products increased and global oil prices rebounded, the trade deficit for 2016/17 increased to US$ 23.86 billion. The IMF estimated that the tr...
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Employment situation

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Over the past three years, the government of Mr. Nawaz Sharif has promoted fiscal reform as the top priority for sustainable growth, adopting plans to expand the tax base, strengthen tax administration, and formulate priority spending plans, etc., and achieve substantive progress in fiscal reforms. In 2015/16, the government deficit will be reduced to 4.338%, and will drop to 4.276% again in 2016/17. The IMF forecasts that it will decrease to 3.796% again in 2017/18. The increase in the proportion of tax revenue in GDP in the future will help increase financial resources for public investment and construction, promote social and economic development, improve industrial competitiveness, and develop a diversified economy.  Employment situation   Pakistan has a large population, with a working population of 62.3% of the total population. The country’s average age is less than 24 years old. With abundant human resources and abundant labor force and mar...
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Financial situation

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The International Monetary Fund (IMF) assessment report for July 2017 pointed out that Pakistan’s economic growth prospects are optimistic. The gross domestic product gross growth rate in 2016/17 is estimated at 5.0% due to the increase in China-Pakistan Economic Corridor (CPEC) program. Investment, energy supply will improve, and the medium and long-term growth rate is expected to reach 6% in the future.  Inflation   In 2016, global low oil prices led to a drop in inflation. Pakistan's consumer price index (CPI) averaged 2.863% in 2015/16; followed by a slight increase in global energy prices, the government raised fuel prices and passed costs on to consumers. 2017 The inflation rate has increased since the second half of the year, and the 2016/17 consumer price index (CPI) averaged 4.296%.   In addition to rising electricity prices, Pakistan's inflation will also depend on factors such as cotton production and income, Rupee fluctuations and o...
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