Economy of Pakistan
Economy of Pakistan

@Pakistanomy

5 Tweets Jan 18, 2023
Possible solution to current economic issues.
Govt: Kindly read it with an open heart
🇵🇰 monthly exports
Avg (Feb-Apr): $2.82BN
Avg (2 months): $ 2.38BN
Drop: $0.52BN
🇵🇰 monthly remittances
Avg (Feb-Apr): $3 BN
Avg (2 months): $ 2.3 BN
Drop : $0.7BN
Total drop: $1.22BN/Month
Quick Solution: The government should offer good(real) exchange rates so exporters & remittances are back from legal channels at best price.
We have $7BN loans shortfall till June 2023. Even if we achieve $1BN/month more from legal channels we can solve things by our own means.
Otherwise, as the government leaves we will have a very bad crash in currency this way (more than imagined).
Now people will not blame the next ones as illegal channels are actually telling the real price...
This drop is unreal, as it's not possible for people to suddenly stop sending money home. Most probably many are using illegal channels or delaying.
Also, exports drop is bigger than expected & seems like its also due to under declaration & parking money outside due to bad rate
*Average of last months mentioned above

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