Photo:FILE Indian Companies vs Pakistan
Pakistan may be busy celebrating the 75th year of its independence, but there is no reason for the people there to make the celebration happy. The worsening situation day by day has made the marks of the plight there even deeper. Inflation in Pakistan is at a 13-year high, while foreign exchange reserves are almost empty. Even though Pakistan shows its eyes to India, its status does not stand anywhere compared to India. Let us know where Pakistan stands in front of us-
Children’s piggy bank forex reserves
Image Source : FILE
Indian Companies vs Pakistan
Pakistan’s government treasury ie foreign exchange reserves are almost empty. According to the latest report of the State Bank of Pakistan, in the second week of August, Pakistan’s foreign exchange reserves have come down to $ 7.83 billion. This is the lowest level of foreign exchange in Pakistan since the year 2019. In a week, it has decreased by $ 555 million, or 6.6 percent. On August 5, Pakistan’s foreign exchange reserves stood at $8.385 billion. Compared to this currency reserve, only Indian startups have raised about $ 8 billion from investors. And simply understand, it is less than what Indians spend on mobile phones. Till 2014, we used to import mobile phones worth $8 billion. Or say, Starbucks sells more coffee than this around the world.
India’s Reliance heavy on all Pakistani companies
Image Source : FILE
Indian Companies vs Pakistan
Now let’s talk about the stock market of Pakistan. There were a total of 375 companies listed here till January 2022, whose total market cap is 7.7 lakh crore Pakistani rupees i.e. only $ 52 billion. Whereas India Talking about India, Tata Group’s company TCS is equal to three times that of Pakistan. Its market cap has crossed $152 billion. The market value of Reliance Industries has crossed $223 billion.
India’s monthly car sales more than annual sales
Image Source : FILE
Indian Companies vs Pakistan
Now let us turn to the automobile sector of Pakistan. Pakistan sold around 2,79,267 cars every year in 2021-22. If you compete with India, it does not stand anywhere. Talking about the figures of July 2022 only, automobile companies in India sold 2,93,865 cars. In India, Maruti alone sells about 1.5 lakh cars every month.
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