The most worrisome aspect of any conversation by SBP Governor or the Finance Minister is toooo much focus on foreign borrowing to claim stability and increase foreign exchange reserves. They also take pride in it.
It’s like a financially broke person saying that HBL, MCB, UBL and ABL are willing me to give me more loans.
Have we really given up on increasing exports and foreign direct investment? Is this what we get after fifth consecutive year of stabilization? Foreign Borrowing to convince government employees to join pension scheme. Foreign borrowing to reform FBR. Foreign borrowing to increase competitiveness. Foreign borrowing to convince foreign and local investors to
Invest.
ہماراارادہ امپورٹ کور4ماہ تک لےجانےکاہے، ہم چاہتے ہیں کہ ریٹنگ کو تاریخ کی بہترین سطح BBتک لےجائیں۔مشرق وسطیٰ میں خراب حالات کےباوجودترسیلات زرکم ہونےکےبجائےبڑھ گئیں۔مارکیٹ ایکسچینج ریٹ کاتعین کررہی ہے،اورہمیں روپےپرکوئی دباؤنظرنہیں آرہاہے،گورنراسٹیٹ بینک
Oct 27, 2026 · 6:14 AM UTC
But honest question.. what more should government do for exports? From PM's statement not long ago, they seem to have given up on exporters.
xitter.twitterapi.xyz/javedeqbalpk1/status/2…
صنعتکاروں نے اس طرح سبسڈیز لیکر خزانہ لوٹا، لیکن برآمدات نہیں بڑھاسکے، وزیراعظم شہبازشریف کی زبانی 👇
ایکسپورٹ بڑھانے کیلئے انڈسٹری کو سونے کے چنے کھلائے، سبسڈیز کے دروازے کھولے، لیکن اُن صنعتوں نے برآمدات نہیں بڑھائیں. حکومت نے موجود وسائل سے خون پسینے کی کمائی سے ان صنعتوں کو ریلیف دیا. صنعتوں نے یقین دہانیاں کرائی تھیں کہ برآمدات بڑھائیں گے، لیکن 70 کی دہائی سے آج تک یہ صنعتیں کچھ نہیں کرسکیں
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Imran Khan was ousted on April 10th, 2022. On that day, total public foreign debt liabilities of the Government of Pakistan (pure government debt, excluding non-governmental debt) was $88.80 billion. Meanwhile, foreign exchange reserves of the SBP (pure SBP reserves, excluding commercial banks' reserves) were $10.56 billion.
Net foreign debt = Public foreign liabilities minus SBP reserves
$88.80 B − $10.56 B = $78.24 B
As of today, 27th Oct 2026:
Public foreign liabilities (excl. non-govt debt) = $98.08 B
SBP reserves (excl. commercial bank reserves) = $21.49 B
Net liabilities = $76.59 B
Net improvement:
$78.24 B − $76.59 B = $1.65 B
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What else can the government do in the given situation? Liquidity fueled, consumption led growth? It is like doing the same thing and expecting a different result!
Stabilization is a hard earned stage and a necessary prerequisite to growth but growth should only be export led. Period!
We shouldn’t take stabilization for granted; not least from someone like yourself @81shahbazRana
However, Pakistan must not artificially keep the PKR appreciated. That is going to hurt the exporters and subsidize imports.
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Finance ministry is supporting the exporter by introducing low cost financing through EXIM bank pakistan.it is not magically process to boost export and remittance but I hope gradually exports will be enhanced.
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It was such a sad interview. If @shazbkhanzdaGEO thought this would help people understand anything I think it did the opposite lol
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This reflects the past four-year track record of GHQ Rawalpindi’s Field Marshal General Asim Munir's corrupt puppet regime : using massive foreign loans to fabricate economic stability and inflate foreign reserves, while actual exports and foreign direct investments are in sharp decline. xitter.twitterapi.xyz/81ShahbazRana/status/2…
The most worrisome aspect of any conversation by SBP Governor or the Finance Minister is toooo much focus on foreign borrowing to claim stability and increase foreign exchange reserves. They also take pride in it.
It’s like a financially broke person saying that HBL, MCB, UBL and ABL are willing me to give me more loans.
Have we really given up on increasing exports and foreign direct investment? Is this what we get after fifth consecutive year of stabilization? Foreign Borrowing to convince government employees to join pension scheme. Foreign borrowing to reform FBR. Foreign borrowing to increase competitiveness. Foreign borrowing to convince foreign and local investors to
Invest.
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73
🎯Innocently and proudly executing the playbook of economic hitmen, perpetuating the debt trap & financial enslavement for eternity.
shortform.com/books/blog/wha…
Left: A showcase of their most brilliant 'investment ideas'.
Right: The cyclical consequences of the endless debt trap.
🤖 Made with AI
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