$500 mill spent in just one week on debt servicing/defending rupee value

[Abdussamad]

In the last week half the $1bn Saudi aid that has been realized so far has been spent on debt servicing and/or defending the value of the rupee:

Last month, Pakistan had received $1 billion from Saudi Arabia out of the $3 billion cash commitment. It took no time to consume half of the borrowed money.

The sources said the SBP dumped dollars in the market to defend the rupee after it could not properly handle the decision to devalue the currency against the US dollar.

Source

 

[Norwegian]

In the last week half the $1bn Saudi aid that has been realized so far has been spent on debt servicing and/or defending the value of the rupee:



Source

Stop defending the rupee. Let it fall. Don't use more debt to defend its price artificially.

 

[American Pakistani]

You can only properly defend Rupee by increasing exports and reducing imports.

Another option should be exporting Pakistani labor, which was suggested to Asad Umar but he laughed off like an idiot.

 

[zectech]

The sane thing to do for any country is to simply buy gold and silver . Hint, hint to China.

This will obviously piss off the zionist banksters though.

 

[HariPrasad]

You can only properly defend Rupee by increasing exports and reducing imports.

Another option should be exporting Pakistani labor, which was suggested to Asad Umar which he laughed off like an idiot.

Use currency swap and try to import anything in local currency.

 

[Crixus]

Do you have any idea about gold reserves in Pakistan , how much gold Pakistani govt have ?

The sane thing to do for any country is to simply buy gold and silver . Hint, hint to China.

This will obviously piss off the zionist banksters though.

 

[nahtanbob]

The sane thing to do for any country is to simply buy gold and silver . Hint, hint to China.

This will obviously piss off the zionist banksters though.

if you have made money in life your hints would be heeded
who listens to paupers ?

 

[Trango Towers]

Do you have any idea about gold reserves in Pakistan , how much gold Pakistani govt have ?

Go on educate us

 

[Crixus]

I am asking not telling ..... hope you saw the question mark in the end of sentence.

Go on educate us

 

[Trango Towers]

I am asking not telling ..... hope you saw the question mark in the end of sentence.

Sorry i didnt see the question mark..but it would be interesting to know and also where the gold is held

 

[jupiter2007]

PMLN spend 7 billions to defend the rupess.

PMLN and PPP politics is dieing. Both destroyed all the institutes to protect their corruption.
Every industry was impacted by their wrong policies, no wonder our export doesn't increase and import doesn't decrease.

 

[kmc_chacko]

Pakistan Gold Reserves
Pakistan’s Gold Reserves was reported at 2.712 USD bn in May 2018

https://www.ceicdata.com/en/indicator/pakistan/gold-reserves

 

[Yaseen1]

increase reserve money of banks with state bank and stop printing new notes demand of rupee will increase and as a result rupee value will remain high and no dollars are needed to do this only it will result in slow down of economy as less money is available for lending to business but it is good remedy for short term if we want to maintain rupee value and avoid inflation export of labor is also good as it increase remittance

 

[GHALIB]

In the last week half the $1bn Saudi aid that has been realized so far has been spent on debt servicing and/or defending the value of the rupee:



Source

That money was to be kept in bank as deposit , not for spending.

Pakistan Gold Reserves
Pakistan’s Gold Reserves was reported at 2.712 USD bn in May 2018

https://www.ceicdata.com/en/indicator/pakistan/gold-reserves

Great.

 

[Sabretooth]

https://nation.com.pk/12-Dec-2018/t...iZ0wwGTi8Qh3YnkP3sLPDmrXGWjCvCUsl0BVp1BHh0804
Isn't this a step in the right direction?