• Wednesday, August 21, 2019

Two Goods News for Pakistani's!

Discussion in 'Pakistan Economy' started by Danish saleem, May 7, 2015.

  1. Danish saleem

    Danish saleem SENIOR MEMBER

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    Asalam-o-alikum,.

    As a Pakistani ,its my proud to share the two good News, which were missed by our Media.


    1. Foreign Exchange reserves at Highest level in the History of Pakistan which are at 17.491 Billion Dollars(Business Recorder)

    2. Increase of Pakistani outlook from Stable to Positive by S&P!


    Keep it up Pakistan, and keep going!
     
  2. rockstar08

    rockstar08 BANNED

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    :cheers::tup::enjoy:
     
  3. RAMPAGE

    RAMPAGE SENIOR MEMBER

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    :tup:
     
  4. Sage

    Sage SENIOR MEMBER

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    :pakistan:
     
  5. Zaki

    Zaki MODERATOR

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    Did you wake up now?

    Pakistan's foreign reserves had reached at least 17.71 billion dollars by 24th of April as shown in its report on 30th of April 2015. So at 17.49 billion dollars it is not at it's peak that was witnessed last week..

    S&P raised Pakistan's rating yesterday and its been discussed here already

    Nevertheless, positive news is a welcome sign for Pakistan so enjoy
     
  6. Danish saleem

    Danish saleem SENIOR MEMBER

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    Brother,

    my Point is no news about this on any News channel.
     
  7. Providence

    Providence BANNED

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    Do you guys know the current category of outlook by S&P ? I don't think it's investment grade yet !
     
  8. Shamain

    Shamain SENIOR MEMBER

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    Guys i hve a question. Do foreign reserves of any country do speak of its stable growth and economy?

    Isnt it an outdated measure. Just asking?
     
  9. Danish saleem

    Danish saleem SENIOR MEMBER

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    as a very small student of Economics, my answer is yes,
    Because its shows, that we will able to fulfill our requirement of Foreign Exchange for Imports for 4-6 Months, which is healthy sign for any Economy.
     
  10. Shamain

    Shamain SENIOR MEMBER

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    It is one question that alwys comes to my mind. i really need to look further into it. And do some research on it.
     
  11. Danish saleem

    Danish saleem SENIOR MEMBER

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    In my point of view second thought is, International doner Agencies , gave loans on easy terms, when u have good Foreign Exchange Reserves in your hands.
     
  12. Shamain

    Shamain SENIOR MEMBER

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    But if there is a huge disparity in current reserves and total outstanding debt.
    Like we have 17 bn dollars in reserves and our debt is around 60 billion
     
  13. Danish saleem

    Danish saleem SENIOR MEMBER

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    But reserves are Increasing, which is positive sign.
    and most importantly Inflation is also at lowest level of 4%, which is very very good.
     
  14. Sugarcane

    Sugarcane ELITE MEMBER

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    You will not be paying 60b at once, as far as you can easily pay installments all is well.
    Increase in foreign reserve means that inflow of forex is more than out flow, it's good thing (but in case of Pakistan it will have negative effect beyond certain point as stronger rupee will make our exports expensive). Question should be what is the reason of increase, exports, fdi, remittances or new loans and aids.
     
  15. Shamain

    Shamain SENIOR MEMBER

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    Thats interesting. But if we know for last few years, or atleast last year and uptil first quarter of this year we have been facing trade deficit. Imports>exports. So whats enhancing it?remittance alone?