Blue Marlin
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Country to achieve $20 billion forex reserves mark soon: Dar
- Thread starter Blue Marlin
- Start date
Icewolf
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Don't worry, those countries haven't been locked in a 14+ year long war like Pakistan is
Viper0011.
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1) PLEASE don't quote me Pakistan's yellow journalism articles. Anyone can pay a few million ruppees and a journalist would publish something for you. The generalists in Pakistan, majority of the time don't have full grasp of education on the topic they write about. We've discussed that here many times on different threads. Add political paid flavor to it too. You have the "truth"!!
2) Just read this article, at some point, it'll highlight a few key things growing Pakistan's FOREX's, the stock market has gained 75% of additional size since 2013!!! Recent months also showed a small drop and then investments.
Investors Flock to Pakistan’s First Real Estate Investment Trust - Frontier Markets News - Emerging & Growth Markets - WSJ
3) Here, you want to understand how COMPLEX this economy related stuff is? KPMG and Mckinsey are two of the top consulting companies who provide expertise in this regards. Read up their economic assessment provided below. Notice, this is a yea or two older assessment. Which, at this point, doesn't hold true as the growth and investments, hav beaten expectations!!
http://www.kpmg.com/PK/en/IssuesAnd...ions/Documents/Investment-in-Pakistan2013.pdf
4) Also, everything hits the checking account first. Payments are made and salaries and expenses are paid. THEN money moves to the Savings account that is surplus. Please let's not argue about something you don't have expertise in.
Good Job Mr. Dar. Forex is looking up. Guess fresh loans at embarrassing terms will not be taken from IMF now. Team has probably clicked.
BTW Forex reserves are not exactly "saving accounts of a country". Calling Forex reserve as saving is misleading.
BTW Forex reserves are not exactly "saving accounts of a country". Calling Forex reserve as saving is misleading.
Last edited:
Viper0011.
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Pakistan can go at or above Mexico's level in the next 15 years. Mexico sells a LOT to the US so that's always going to be big from a cash standpoint. But Pakistan's population is its key, so unlike Mexico, Pakistan has big enough population to healthily help sustain a larger economy ONCE the infrastructure and investments, labor and a SYSTEM is in place. Mexico is 5 times smaller than Pakistan in population, and Pakistan has a lot more education than Mexico. So that tells you Pakistan has a LOT of growth coming than Mexico.
Mexico is at number 15 today in the list of top 15 economies from a GDP's standpoint. Pakistan can beat that in 10-15 years. In fact, Pakistan can slide above Australia to number 12 with ease if the system keeps working and growth keeps taking place. Like Mexico's US consumer base for foods, etc, Pakistan will have 300-400 million ADDITIONAL Chinese consumer base through Gawader (without the overhead to provide for these people as they are Chinese), plus, whatever business Pakistan can get from Central Russian states. So its a win-win situation for Pakistan in the next 10-15 years.
List of countries and dependencies by population - Wikipedia, the free encyclopedia"]List of countries and dependencies by population - Wikipedia, the free encyclopedia[/url]
List of countries by GDP (nominal) - Wikipedia, the free encyclopedia"]List of countries by GDP (nominal) - Wikipedia, the free encyclopedia[/url][/ATTACH]
Spectre
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Wildly optimistic considering the debt ridden economy of Pakistan which is basically surviving on handouts from IMF/WB/US/China. These reserves are mandatory minimum condition imposed by multilateral institutions so that central bank can stabilize the currency and prevent debt cost from rising.
Pakistan is essentially servicing debt by taking more debt which is a vicious cycle and can only come out of it if there is a large scale debt write off.
FDI from China in Gwadar is a welcome step but not a panacea for all ills facing the economy. Pakistan also has a huge competitor in India for attracting FDI. India offers a much more stable security environment, larger consumer base, more mature primary and secondary stock and currency markets, cheaper human capital, relatively better energy and sundry infrastructure in comparison to Pakistan.
Given a choice b/w India and Pakistan - a purely commercial decision would result in investment coming to India which is essentially what is happening. In short India is and would in future pull away investments from Pakistan from neutral countries and companies thus further restricting FDI.
I am not deriding Pakistan but stating things as they are
Regards
AZADPAKISTAN2009
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Rank Country Foreign exchange reserves (Millions of US$) Figures as of
1 China -----------------------------3,771,347 Jun 2015[1]
2 Japan ----------------------------1,242,935 Jun 2015[2]
3 Saudi Arabia ----------------------------672,106 Jun 2015[3]
4 Switzerland ----------------------------599,404 May 2015[4]
5 Republic of China (Taiwan) ---------426,398 Jun 2015[5]
6 South Korea ---------------------------- 374,750 Jun 2015[6][7]
7 Brazi----------------------------l 366,647 May 2015[8]
8 Russia ----------------------------357,600 July 31, 2015[9][10][11]
9 India ----------------------------353,461 July 31, 2015[12][13]
- Hong Kong ---------------------------- 340,768 Jun 2015[14]
10Singapore ---------------------------- 253,280 Jun 2015[15]
11 Mexico ----------------------------194,306 Jun 2015[16][17]
12 Algeria ----------------------------193,600 Dec 2014[18]
13 Germany --------------------------188,310 Jun 2015[19]
14Thailand ----------------------------160,274 Jun 2015[20]
15United Kingdom ---------------------------- 153,894 Jun 2015[21]
16France ----------------------------140,531 May 2015[22]
17Italy ---------------------------- 139,829 Jun 2015[23]
18United States ----------------------------120,820 Jun 2015[24]
19 Turkey ---------------------------- 119,608 Jun 2015[25]
20Indonesia ---------------------------- 110,771 May 2015[26]
21Iran[2] ----------------------------110,000 Dec 2014[18]
22 Malaysia ----------------------------105,478 Jun 2015[27][28]
23 Libya ----------------------------105,000 Dec 2014[18]
24 Poland ---------------------------- 104,061 Jun 2015[29]
25 Denmark ----------------------------96,495 Jun 2015[30]
26 Israel ---------------------------- 88,339 Jun 2015[31]
27Philippines ----------------------------80,644 Jun 2015[32][33]
28 Canada ----------------------------76,395 Jun 2015[34]
29 United Arab Emirates---------------------------- 74,700 Dec 2014[18]
30 Iraq ----------------------------74,000 Dec 2014[18]
31Norway ---------------------------- 65,437 Jun 2015[35][36]
32Sweden ---------------------------- 60,100 Jun 2015[37]
33 Peru ----------------------------59,202 Jul 2015[38]
34 Czech Republic---------------------------- 56,160 Jul 2015[39]
35 Spain ----------------------------55,018 Jun 2015[40]
36Australia ---------------------------- 51,672 Jun 2015[41]
37 Lebanon ----------------------------49,430 Dec 2014[18]
38 Colombia---------------------------- 46,478 Jun 2015[42]
39 South Africa ---------------------------- 46,437 May 2015[43]
40Qatar ---------------------------- 41,036 Apr 2015[44]
41 Netherlands ----------------------------40,453 Jun 2015[45]
42 Hungary ----------------------------38,894 Jun 2015[46]
43Kuwait ----------------------------38,500 Dec 2014[18]
44 Chile ----------------------------38,179 Jun 2015[47]
45 Romania---------------------------- 37,620 Jun 2015[48]
46 Vietnam ---------------------------- 35,700 Dec 2014[18]
47Argentina ----------------------------33,851 Jun 2015[49]
48 Angola ----------------------------33,590 Dec 2014[18]
49 Kazakhstan ---------------------------- 28,842 Jun 2015[50]
50Nigeria ----------------------------28,335 Jun 2015[51]
51Turkmenistan---------------------------- 27,040 Dec 2014[18]
52 Bangladesh ----------------------------25,021 Jun 2015[52]
53 Belgium ---------------------------- 24,927 Jun 2015[53]
54Austria ----------------------------24,211 Jun 2015[54]
55Bulgaria---------------------------- 21,510 Jun 2015[55]
56Morocco ----------------------------20,970 Dec 2014[18]
57Venezuela ----------------------------20,200 Dec 2014[18]
58Portugal ---------------------------- 19,312 Jun 2015[56]
59 Uruguay ----------------------------18,324 Jun 2015[57]
60New Zealand ----------------------------18,063 Jun 2015[58]
Macau ---------------------------- 18,041 Jun 2015[59]
61 Uzbekistan ----------------------------18,000 Dec 2014[18]
62Oman---------------------------- 17,850 Dec 2014[18]
63 Azerbaijan ---------------------------- 17,710 Dec 2014[18]
64Jordan ----------------------------16,393 Jun 2015[60]
65 Croatia---------------------------- 16,218 Apr 2015[61]
66 Pakistan---------------------------- 15,692 May 2015[62]
67 Bolivia 15,380 Dec 2014[18]
68 Egypt 15,130 Dec 2014[18]
69 Serbia 13,700 Dec 2014[18]
70 Trinidad and Tobago 11,317 Dec 2014[63]
71 Cuba 10,400 Dec 2014[18]
72 Ukraine 10,264 Jun 2015[64]
73 Finland 10,259 May 2015[65]
74 Kenya 9,259 Dec 2014[18]
75 Botswana 8,885 Dec 2014[18]
76 Burma 8,727 Dec 2014[18]
77Sri Lanka 8,314 Dec 2014[18]
78 Costa Rica 8,271 Jun 2015[66]
79 Guatemala 7,717 Apr 2015[67]
80 Paraguay 7,241 Dec 2014[18]
81 tunisia 7,198 Dec 2014[18]
82 Ecuador 6,811 Dec 2014[18]
83Afghanistan 6,442 Dec 2013[18]
84 Bahrain 6,011 Dec 2014[18]
85 Cambodia 5,801 Dec 2014[18]
86 Greece 5,723 Jun 2015[68]
87 Ghana 5,482 Dec 2014[18]
88 Nepal 5,439 Dec 2013[18]
89 Republic of the Congo 5,200 Dec 2014[18]
90tanzania 4,758 Dec 2014[18]
91 Ivory Coast 4,752 Dec 2014[18]
92 Bosnia and Herzegovina 4,750 Dec 2014[18]
93 Yemen 4,688 Dec 2014[18]
94 Belarus 4,571 Apr 2015[69]
95 Dominican Republic 4,503 Dec 2014[18]
96 Iceland 4,373 May 2015[70]
97 Mauritius 3,919 Dec 2014[71]
98 Ethiopia 3,785 Dec 2014[18]
99 Uganda 3,711 Dec 2014[18]
100 Papua New Guinea 3,647 Dec 2014[18]
101 Honduras 3,587 Apr 2015[72]
102 Cameroon 3,503 Dec 2014[18]
103 Latvia 3,364 Jun 2015[73]
With the amount of Natural Resources we have we should have had reserves of 100 Billion
1 China -----------------------------3,771,347 Jun 2015[1]
2 Japan ----------------------------1,242,935 Jun 2015[2]
3 Saudi Arabia ----------------------------672,106 Jun 2015[3]
4 Switzerland ----------------------------599,404 May 2015[4]
5 Republic of China (Taiwan) ---------426,398 Jun 2015[5]
6 South Korea ---------------------------- 374,750 Jun 2015[6][7]
7 Brazi----------------------------l 366,647 May 2015[8]
8 Russia ----------------------------357,600 July 31, 2015[9][10][11]
9 India ----------------------------353,461 July 31, 2015[12][13]
- Hong Kong ---------------------------- 340,768 Jun 2015[14]
10Singapore ---------------------------- 253,280 Jun 2015[15]
11 Mexico ----------------------------194,306 Jun 2015[16][17]
12 Algeria ----------------------------193,600 Dec 2014[18]
13 Germany --------------------------188,310 Jun 2015[19]
14Thailand ----------------------------160,274 Jun 2015[20]
15United Kingdom ---------------------------- 153,894 Jun 2015[21]
16France ----------------------------140,531 May 2015[22]
17Italy ---------------------------- 139,829 Jun 2015[23]
18United States ----------------------------120,820 Jun 2015[24]
19 Turkey ---------------------------- 119,608 Jun 2015[25]
20Indonesia ---------------------------- 110,771 May 2015[26]
21Iran[2] ----------------------------110,000 Dec 2014[18]
22 Malaysia ----------------------------105,478 Jun 2015[27][28]
23 Libya ----------------------------105,000 Dec 2014[18]
24 Poland ---------------------------- 104,061 Jun 2015[29]
25 Denmark ----------------------------96,495 Jun 2015[30]
26 Israel ---------------------------- 88,339 Jun 2015[31]
27Philippines ----------------------------80,644 Jun 2015[32][33]
28 Canada ----------------------------76,395 Jun 2015[34]
29 United Arab Emirates---------------------------- 74,700 Dec 2014[18]
30 Iraq ----------------------------74,000 Dec 2014[18]
31Norway ---------------------------- 65,437 Jun 2015[35][36]
32Sweden ---------------------------- 60,100 Jun 2015[37]
33 Peru ----------------------------59,202 Jul 2015[38]
34 Czech Republic---------------------------- 56,160 Jul 2015[39]
35 Spain ----------------------------55,018 Jun 2015[40]
36Australia ---------------------------- 51,672 Jun 2015[41]
37 Lebanon ----------------------------49,430 Dec 2014[18]
38 Colombia---------------------------- 46,478 Jun 2015[42]
39 South Africa ---------------------------- 46,437 May 2015[43]
40Qatar ---------------------------- 41,036 Apr 2015[44]
41 Netherlands ----------------------------40,453 Jun 2015[45]
42 Hungary ----------------------------38,894 Jun 2015[46]
43Kuwait ----------------------------38,500 Dec 2014[18]
44 Chile ----------------------------38,179 Jun 2015[47]
45 Romania---------------------------- 37,620 Jun 2015[48]
46 Vietnam ---------------------------- 35,700 Dec 2014[18]
47Argentina ----------------------------33,851 Jun 2015[49]
48 Angola ----------------------------33,590 Dec 2014[18]
49 Kazakhstan ---------------------------- 28,842 Jun 2015[50]
50Nigeria ----------------------------28,335 Jun 2015[51]
51Turkmenistan---------------------------- 27,040 Dec 2014[18]
52 Bangladesh ----------------------------25,021 Jun 2015[52]
53 Belgium ---------------------------- 24,927 Jun 2015[53]
54Austria ----------------------------24,211 Jun 2015[54]
55Bulgaria---------------------------- 21,510 Jun 2015[55]
56Morocco ----------------------------20,970 Dec 2014[18]
57Venezuela ----------------------------20,200 Dec 2014[18]
58Portugal ---------------------------- 19,312 Jun 2015[56]
59 Uruguay ----------------------------18,324 Jun 2015[57]
60New Zealand ----------------------------18,063 Jun 2015[58]
Macau ---------------------------- 18,041 Jun 2015[59]
61 Uzbekistan ----------------------------18,000 Dec 2014[18]
62Oman---------------------------- 17,850 Dec 2014[18]
63 Azerbaijan ---------------------------- 17,710 Dec 2014[18]
64Jordan ----------------------------16,393 Jun 2015[60]
65 Croatia---------------------------- 16,218 Apr 2015[61]
66 Pakistan---------------------------- 15,692 May 2015[62]
67 Bolivia 15,380 Dec 2014[18]
68 Egypt 15,130 Dec 2014[18]
69 Serbia 13,700 Dec 2014[18]
70 Trinidad and Tobago 11,317 Dec 2014[63]
71 Cuba 10,400 Dec 2014[18]
72 Ukraine 10,264 Jun 2015[64]
73 Finland 10,259 May 2015[65]
74 Kenya 9,259 Dec 2014[18]
75 Botswana 8,885 Dec 2014[18]
76 Burma 8,727 Dec 2014[18]
77Sri Lanka 8,314 Dec 2014[18]
78 Costa Rica 8,271 Jun 2015[66]
79 Guatemala 7,717 Apr 2015[67]
80 Paraguay 7,241 Dec 2014[18]
81 tunisia 7,198 Dec 2014[18]
82 Ecuador 6,811 Dec 2014[18]
83Afghanistan 6,442 Dec 2013[18]
84 Bahrain 6,011 Dec 2014[18]
85 Cambodia 5,801 Dec 2014[18]
86 Greece 5,723 Jun 2015[68]
87 Ghana 5,482 Dec 2014[18]
88 Nepal 5,439 Dec 2013[18]
89 Republic of the Congo 5,200 Dec 2014[18]
90tanzania 4,758 Dec 2014[18]
91 Ivory Coast 4,752 Dec 2014[18]
92 Bosnia and Herzegovina 4,750 Dec 2014[18]
93 Yemen 4,688 Dec 2014[18]
94 Belarus 4,571 Apr 2015[69]
95 Dominican Republic 4,503 Dec 2014[18]
96 Iceland 4,373 May 2015[70]
97 Mauritius 3,919 Dec 2014[71]
98 Ethiopia 3,785 Dec 2014[18]
99 Uganda 3,711 Dec 2014[18]
100 Papua New Guinea 3,647 Dec 2014[18]
101 Honduras 3,587 Apr 2015[72]
102 Cameroon 3,503 Dec 2014[18]
103 Latvia 3,364 Jun 2015[73]
With the amount of Natural Resources we have we should have had reserves of 100 Billion
Nilgiri
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At least 50 billion for starters. For any kind of major increase, Pakistan needs to start becoming a more profitable country in global trade and output. Right now, the investment is not happening like it should...nor is there any great improvement in Human Capital training. We will see how the story unfolds over next 10 - 20 years with CPEC and hopefully some reform in Education/Training sectors. If things do not change significantly, Pakistan will always find itself well behind world averages.
Blue Marlin
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hello viper
most of what you say makes sense,
but this : "Mexico is 5 times smaller than Pakistan in population"
as of today 23:45,10 the population of Mexico is 125 715 730
Mexico population 2015 | Current population of Mexico
whilst Pakistan's population is 189 592 756 as of 23:46,30
Pakistan population 2015 | Current population of Pakistan
to conclude pakistan is greater by population to Mexico by 1.5081...
most of what you say makes sense,
but this : "Mexico is 5 times smaller than Pakistan in population"
as of today 23:45,10 the population of Mexico is 125 715 730
Mexico population 2015 | Current population of Mexico
whilst Pakistan's population is 189 592 756 as of 23:46,30
Pakistan population 2015 | Current population of Pakistan
to conclude pakistan is greater by population to Mexico by 1.5081...
Viper0011.
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So what's your point behind all this gibberish? India was in worst condition in 1995..... "SOMEONE" came in and rescued them. You should put Bill Clinton next to Gandhi in India. It was his strategy sold by Rao and Singh from India, begging to help the Indian middle class to come up so the country can be a "hedge" against the Chinese. Thus, hundreds of billions of outsourcing to India, including American jobs!!!
So if your econmy solely grew and survived on American jobs, why would it be SO STRANGE for Pakistan to do so? In fact, they are not getting anyone's jobs, they are building their infrastructure and ports INTERNALLY. So if the US and Indian relationships go bad, the US can (and will) bring its investments back. We've been there done that many times.
But, if the Chinese and the Pakistanis get ticked off at each other, there is no "jobs" that China will bring back, they can get their money back, which Pakistan can pay starting in the next three or four years. But the infrastructure, ports, contracts with Central Russian states, Pakistan's own imports and exports and mineral trade, China can't take.
When people like you, who write out of hate and with an enemy-eye, it just sounds like a girl on periods. All enemy crap, no sense, just like there is 0 economic or financial logic behind your post.
In the next 5 years, India should be ready to see what I call is the "ultimate face off" economically, a MILLION Pakistan high tech software engineers will be hitting the world markets. All trained in the future tech, that is the Mobile Systems Development. Not legacy crap that now goes to India. So India is about to see some serious competition in her high-tech sector.
India is and has been stable based on the Western investments. Pakistan is now very stable too (even with RAW sponsored terrorism inside Baluchistan, Karachi, etc). And its only getting better.
By 2018, Pakistan will have $ 45+ billion in her savings account....meaning it can buy whatever weapons package on urgent basis and pay CASH. By the way, this $ 45 billion is "In Addition" to the Defense budget at the size of $ 10-12 billion, which is expected to reach that of Turkey's by 2020 (around $ 16-18 billion).
If you respond to this post, come back with facts. No need to show us your anger, frustration or even getting personal please. That's the usual response you get from Indians every-time there is a thread outlining something Pakistan succeeded in. Getting personal, calling names or writing silly frustration will make me request mods to ban you. And I'd rather have a good debate on facts, then asking people to get banned.
I agree. But that's when a system was actually working for the past 70 years!!! If a system started in 2013, can put a country out of bankruptcy and to a savings of $ 18 Billion in 2.5 years, a system working for the past 70 years, would've made you have over $ 200 billion by now. But its never too late. Its happening now and you'll get to a $ 100 billion mark in the next 10 years for sure. Much faster if some minerals, gold, or shale gas can be purified to hit the market soon, making additional $ 10-20 billion a year for Pakistan, or shale-gas or coal replacing expensive oil use (even under "cheaper" rates right now).
That's why you'll see me writing passionately about the need for Pakistan to continue with the system and NEVER derail it. A much better, stable and modern Pakistan is in front of everyone. I think at this point its pretty visible. But you guys will need to protect the system as a nation.
That Guy
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This is meaningless, considering key revenue-producing areas are under performing, a big one being exports. Giving incentives is not enough, the government needs to be more active. Turkey's Erdogan (no matter what you think of him) has the right idea, as he turns every diplomatic visit into a business related one. He almost always has business leaders with him when he goes to other nations, which is exactly what NS should be doing.
Force-India
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The person you quoted was giving his opinion in a peaceful manner. Only hatred and whining here is shown by you. None the less, good luck for future
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RealNapster
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Viper0011.
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The person you quoted was giving his opinion in a peaceful manner. Only hatred and whining here is shown by you. None the less, good luck for future
There is no hatred in my post. I just warned him, calling me names, questioning my flag like idiots or doing anything won't be tolerated as that's what the Indian members do. You guys don't write back facts but start to question other person and troll. So there is no hatred here. I am willing to debate nicely. No personal stuff!!! Here is a quote from his post. You can CLEARLY see where he was headed with this:
So tell me WHERE in the above post is "opinion", this is trolling. No one was even talking about India. It was about Pakistan's growth. You don't want to be bit*ched out, play fair and factual. That's it.
Read this guys part in bold. There is sheer hostility coming out of his post when there was no need to, and there are 0 facts!!! And that's a civil discussion? This is "classic trolling" in everyone's books
If you anything about the IMF and the WB....or a bank in general....you'd know a "LOAN" is classified as a DEBT and it doesn't go to the Foreign Currency Reserves!!! It goes directly to fund the project elements the IMF is loaning money on. Giving a check to the government for aid was ended in Mushy's time for GOOD. Loan checked are no issued for savings account. Read my above posts before calling things what they are not.
I have never seen this before. A country's people for their own political and other differences, do not appreciate people's work???? because someone's pro-military or pro-IK? What about Pakistan...?
RealNapster
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As an engineer , i don't know much about economics and how banks works. but
Forex reserves hit three-year high of $17.491 billion - thenews.com.pk
read some further that article. it mention from analysts that 30% of the reserves are on loans.
not sure. educate me incase (very possible) i am wrong.
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