Country needs $12bn to avert run on forex

[Jungibaaz]

Welcome to 2022, same as 2018, same as 2013. Forex crises in Pakistan last about as long as our Prime Ministers, they’re never quite done term wise and often aborted early.

 

[AZADPAKISTAN2009]

No remittance from me till elections

 

[ARMalik]

Saudi and China will roll over loans. IMF will lend $5 billion as per agreement. Remittances will not drop because they are primarily meant to fund families at home.

So no big deal

False assumption - China will NOT rollover anything. China is sitting on the fence and watching in horror how Pakistani Generals stabbed it.

 

[K_Bin_W]

I stopped sending money i will use other means to manage finances.

 

[Wood]

False assumption - China will NOT rollover anything. China is sitting on the fence and watching in horror how Pakistani Generals stabbed it.

China has invested to much into Pakistan at this point that it cannot afford not to. China's own strategic self interest is at stake.

 

[ARMalik]

China has invested to much into Pakistan at this point that it cannot afford not to. China's own strategic self interest is at stake.

Investment in Pakistan was a mistake they are probably regretting. China is already telling via its media that "things need to improve in Pakistan" meaning no more bail outs. And with the abolishment of CPEC, things are coming to an end.

 

[Wood]

Investment in Pakistan was a mistake they are probably regretting. China is already telling via its media that "things need to improve in Pakistan" meaning no more bail outs. And with the abolishment of CPEC, things are coming to an end.

Well, no one can claim to know the future. My prediction about China's action is based on what I think is in their interest. Let's see what they do when push comes to shove

 

[nahtanbob]

False assumption - China will NOT rollover anything. China is sitting on the fence and watching in horror how Pakistani Generals stabbed it.

What did Pakistani generals do that went against China ?

Just like USA is stuck with India China is stuck with Pakistan to balance India

 

[Crimson Blue]

I've been told many times on this forum that Pakistanis do not need money from overseas and I can keep my money and go **uk myself . I think I'd stay put too.

Both PML(N) and PPP are in power and I'm sure they can figure it out.

 

[Crimson Blue]

So thanks but no thanks. We don't need you.

 

[Genghis khan1]

Overseas Pakistanis needs to restrict money flow. Let these criminals go crash and burn. Bajwa can tell ISPR to make YouTube channels on for daily Business updates.

 

[TheSolution]

People are overreacting regarding the possible Chinese-Pakistani relationship impact due to a change in government

Please remember that China has a very good friendship with the Sharifs

CPEC started before IK was even PM.

 

[PakFactor]

Noonies will save us …

Where is ISPR ? Dear ISPR please enlighten us with todays exchange rate and foreign reserves

Wish I could feel bad, but I’m all out of tissues, Lol. Let this country sit and ponder.

Overseas Pakistanis needs to restrict money flow. Let these criminals go crash and burn. Bajwa can tell ISPR to make YouTube channels on for daily Business updates.

It’s already happening bhai.
I’m a business owner and from a very well of family among US based Pakistanis, we were waiting for one thing only to see IK 2nd term. But this whole plan flopped things within our group, I know multi millionaires who stopped flow and taking funds out. This country shot itself in the foot.

 

[AZ1]

this gap will increase if remittance or investment in roshan digital account, decreases?

 

[PakFactor]

this gap will increase if remittance or investment in roshan digital account, decreases?

When we used to send funds back home during PPP and N League they’d rob the Forex funds dry, over charge on fees and basically take there cut. IK basically stopped and plugged these loopholes etc we don’t want to go back to the same old.