What are the signs that Pakistan's economy is failing?

Pakistani economy isn't falling or failing anymore.

I'll show you how.

Pakistan’s Current Account shortfall narrows to $579 million in first month (July) of the year 2019-20 as compared to $2.13 billion in July last year, showing a decline of 72.81%, State Bank of Pakistan Reported recently.

The details show that Current Account Balance without official transfers shrank to $664 million in the corresponding month against $2.27 billion in same month of last year.

Balance of trade in goods also plunged from $3.485 billion in July 2018 to $1.847 billion in July this year, whereas balance of trade in services also fell to $473 million compared to $517 million.

Workers’ remittances have been posting a positive trend for last year and in July 2019 too, it witnessed an encouraging result as it increased to $2.04 billion compared to $1.982 billion in same month of last year.

As a percentage of gross domestic product (GDP), the current account deficit narrowed to 2.5% in the first month of 2019-20 as opposed to 8.3% in the same period of last year. It is a natural phenom though, as seen in Brazil, Turkey and India. Whenever a govt goes after the fundamental errands in economy, it tends to slow down as the focus of growth shifts from external forces and factors to internal factors. We saw that in India more specially when PM Rao along with Dr Manmohan Singh, made sure that Indian growth relies more on export promotion rather then imports substitution. And it worked.

Pakistan exported goods and services worth of $2.66 billion in July compared to exports valuing $2.443 billion in the comparable period of last year, reflecting a year-on-year increase of 8.84%.

The value of imported goods in July was recorded at $4.15 billion, down 14.07% from $4.89 billion over corresponding month of last year.

So you can see that like Brazil, Turkey and India, Pakistan too has first plugged it's leaks and Now will start building over it.