Almost all developing economies face the dread of trade deficit but their abundant foreign reserves gives them the fiscal space to overcome those grievances. Illustrating in mathematics for ordinary readers, on October 2007, when PM Shaukat Aziz left us: Exports - $18 billion Imports - $30.53 billion Trade deficit - $12...
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This rare phenomenon occurred in PPP’s incompetent & dense minded government, which has led to devaluation of the currency by 40%. They failed to protect our Sovereignty - our Foreign Reserves! In PPP’s inept government of eight months, Trade deficit - $20.74 billion Foreign reserves - $8 billion Under PPP, the Reserves fell from $14 billion to $8 billion and the trade deficit increased from $12...
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