Pakistans Current Account Surplus
Pakistans recent current account surplus has made headlines, but is it a real progress or just a short-term solution of import cuts? Lets break it down very simply so that we can understand.
lets talk straight.
Youve probably heard the news Pakistan is reporting a current account surplus. After years of struggling with high import bills, and suddenly you went in the shock after hearing these. Sounds like good news, right, Maybe lets take a closer look on it.
The Good News
Lets start with the positives news.
For the first time in a long while, Pakistan is bringing in more dollars than it was sending out. Thats happening because of
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Overseas Pakistanis are sending high remittances (huge respect to them 💚)
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Textile and IT exports have shown much growth
This has helped improve our current account balance very much.
Reality Check Whats Going On?
Heres where we know somethings
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This surplus didnt come from earning more, but from spending less
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Import restrictions have cut down the dollar outflow, but this is like to work temporarily but its not a long term solution.
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Local industries are still under pressure,
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Some factories are running at limited capacity
What the Experts Say
A senior source at the State Bank of Pakistan (who prefers to stay unnamed) put it like this:
We bought time, not fix the system.
This surplus is helpful, But for real economic recovery, we need to
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Invest in energy reforms (make electricity affordable)
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Improve industrial productivity
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Encourage sustainable exports, not just rely on short-term policy for it
📌 Final Thoughts
Yes, the surplus is a small win in the tough times but don’t mistake it for a long term success. If we want stability,
Lets hope that this pause gives policymakers a chance to actually fix the underlying problems. Otherwise, this miracle could quickly turn into a headche.
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If interested plz see The Revelant Articel :
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