A thread : Today was a milestone for Pakistan when @ImranKhanPTI declared that for the first quater Pakistan achieved Positive Current account balance but this is a long journey for Pakistan . What it means for lay man is that Pakistan can back its due liability ~ 83billion $

When PTI took over the imports were quater were at 14.995 b $ . at the same time the gross reservels were only 11.341 B$ , how can the govt function and import for the next quarter ?

In addition to that our balance of trade was over 10.342 billion $ , how can the govt function with a reserve at end of q2 AY 2018 only 11.341 b $ , if PTI govt hadnt done anything we would have defaulted in two quaters. now in Q2 2020 PTI has halved this balance

Financial Account during the same had reached to 4.7Billion $ net loan . this is the only quater that we are net 741million $ in financial account . PTI has taken tough decision but see their loans post Q3 2018 and compare to PMLN Prior to Q3 2018 its visible

it is claimed hat PTI is not conductive to business but if we see Q4 2017 where 2.338billion $ FDI were lost , over all apart from minor circular movment PTI is net positive in portfolio investments. and that is despite covid

Due to exceptional work by @StateBank_Pak in debt market
one can see how Q2 and q3 deposits have increased and that is on the back of Pakistans ability to pay back its loan - q3 2020 is the quater that will be remembered for resurgance of the economy

Workers remittacnes are the shining armour of teh PTI gvot its just unbelievable the turn around despite covid and lack of economic activity . @StateBank_Pak has destroyed the hundi mafia clearly and PRI helped as well. pakistan has touched 7.1b$ this quarter - Unbelievable

net lending / net borrowing is positive this quater - the turn around on the economy is there - will any one from this media highlight this ?
Reg : https://www.sbp.org.pk/ecodata/Balancepayment_BPM6.xls

All numbers and facts are from SBP

in terms of other investments with in Pakistan this is the second quarter where instead of taking money out people put money in pakistan , q1 2020 , 231 million $ and q3 2020 1048 million $
@SBP bonds definitely helped here .

yes there is inflation - i have done threads on that as well - but today is recognition for unsung hero's
@ImranKhanPTI

@Asad_Umar

@Hammad_Azhar

@StateBank_Pak

@razak_dawood

@a_hafeezshaikh
Unbelievable - #RazaBaqir what this govt has done is no joke

the sad part is no one in Pakistan is talking about it , the rising Pakistan dream is becoming a reality , we need to all work hard talk on numbers and facts rather than rheotherics , numbers tell a story
@MiftahIsmail
might agree as well

I really hope we are shown the above thread by
@ZarrarKhuhro

@shazbkhanzdaGEO

@WaseemBadami

@HamidMirPAK

@arsched
when they do their shows , its not rocket science these are SBP numbers and facts , not debatable . the resurgence of Pakisan is on cards . unbelievable

The Govt of Pakistan has dealt with some extremely tough time but this first time govt was able to not only turn around but turn around on fundamentals . and the way these numbers have changed during covid no other country comes close. Special thanks to remittance rice exporters

meat exporters , fruits & veg exporters, textile at the end of covid also coming good, cement exports , surgical eq exports , its just unbelievable. Pakistan is moving in the right direction , now focus should be on ensuring the prices are maintained . govt need to execute tha

but today is a day to Thank Allah , for sure there was no logic to this turn around - we have some help from Allah - Pakistan Zindabad :)

Apologize for my typing blunders i was thinking faster than I could type . hope you guys get my point , else tweet me

mean while my thread on today shahzebs and his guests intellectual dishonesty https://twitter.com/Sabbandkardo/status/1318975216983289858

i would also like to bring a fact , i mistakenly used June 2019 number for pakistan external debt i.e 83 billion $ , recent debt figures from SBP are 87.88b $ - this mistake is regretted, below is a snapshot
Ref : https://www.sbp.org.pk/ecodata/pakdebt.xls