Mian
T20I Debutant
- Joined
- Oct 25, 2016
- Runs
- 7,014
2 Headlines Today:
Pakistan to borrow $600m from China
Pakistan has decided to borrow $600 million from China to boost its dwindling foreign currency reserves that have depleted by $1.7 billion since expiry of the International Monetary Fund programme.
It is the second time in the last three years that the Pakistan Muslim League-Nawaz government has decided to ask a friendly country to boost its foreign currency reserves. Earlier, Saudi Arabia had gifted $1.5 billion to Pakistan in two equal tranches in 2014.
https://tribune.com.pk/story/1322240/pakistan-borrow-600m-china/
Trade deficit widens 29pc
Pakistan’s trade deficit in merchandise rose nearly 29 per cent year-on-year to $17.428 billion in the first seven months of the current fiscal year because of falling exports and increase in imports.
The deficit stood at $2.957bn in January, a rise of 75pc compared to $1.688bn a year ago, the Pakistan Bureau of Statistics said on Thursday.
The drop in export proceeds, along with fall in remittances, has contributed to the rising current account deficit this fiscal year.
http://www.dawn.com/news/1313814/trade-deficit-widens-29pc
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BUT i guess the answer of everything is CPEC as you can see by all PMLN supporters comments on those news sites
CPEC will fix everything including corruption and all the faults of our system.
Remember biggest trade deficit in Pakistan's history was last year which was about $18 Bn and this year within the 7 months the deficit is already $17 bn.
Pakistan to borrow $600m from China
Pakistan has decided to borrow $600 million from China to boost its dwindling foreign currency reserves that have depleted by $1.7 billion since expiry of the International Monetary Fund programme.
It is the second time in the last three years that the Pakistan Muslim League-Nawaz government has decided to ask a friendly country to boost its foreign currency reserves. Earlier, Saudi Arabia had gifted $1.5 billion to Pakistan in two equal tranches in 2014.
https://tribune.com.pk/story/1322240/pakistan-borrow-600m-china/
Trade deficit widens 29pc
Pakistan’s trade deficit in merchandise rose nearly 29 per cent year-on-year to $17.428 billion in the first seven months of the current fiscal year because of falling exports and increase in imports.
The deficit stood at $2.957bn in January, a rise of 75pc compared to $1.688bn a year ago, the Pakistan Bureau of Statistics said on Thursday.
The drop in export proceeds, along with fall in remittances, has contributed to the rising current account deficit this fiscal year.
http://www.dawn.com/news/1313814/trade-deficit-widens-29pc
--------------------
BUT i guess the answer of everything is CPEC as you can see by all PMLN supporters comments on those news sites

Remember biggest trade deficit in Pakistan's history was last year which was about $18 Bn and this year within the 7 months the deficit is already $17 bn.