FY 21 - Pakistan bill of wheat and sugar imports should touch around 1.5 b$ - PMLN to its credit ensured that these two commodities were relatively well managed post fiasco with PPP
There is a major hike in Import of iron and Steel and import of vegetable oil linked to commodity price as well as higher demand compared to last FY .
Investment in import of electrical equipment is visible in FY 21 - Currently at 3.2b$ should touch 4b$ by FY end
FY 20 Pakistan imported 532m$ worth of Fertilizers – FY 21 should be higher – 9 m 414 m$
Unnecessary imports of Fruits and veg – During PMLN Era
FY 17 import over 1.128B$ Combined
FY 21 9 months = 509m$ combined
If there is an indication of how we are seeing rise in local industries - Auto sales are increasing and thus rubber imports (raw and final products) -
Import in plastics touch1.7b$(9m) should touch FY 19 level at year end
Cotton Import already record high at 1.839b$ with 3 months to go – Rise of Textile and demise of local cotton
Man made Fiber Reaching FY 19 Level by Year End
Pakistan spend over a billion $ in man made filaments/ fibres every year
Example of why PMLN policy of Dollar fixation was problematic
Import for glass products increased 100% in PMLN era Import for Ceramic increased ~ 94% in PMLN era
PTI successfully curbed this useless growth
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