Foreign reserves fall to 3.1bil$

[Sugarcane]

Start printing dollars instead of PKR

 

[WAR-rior]

pakistan sitting on beach and planning abut future

?

Sitting on beach? You Son of Beach.

By the way enjoy the source of this phrase.

 

[jaiind]

 

[American Pakistani]

This happens when you hug DEMO crazy. This is just DEMO of craziness. Compare it with Musharraf era when Foreign Reserves were touching $20Billion Mark, not to forget when Musharraf took charge from PML-N noora the reserves were less than a Billion$. If Musharraf can accelerate economy plus raise reserves 19times higher, keep PKR stable at 58-59, double the GDP(nominal) from 80billion$ to 180billion$ then how a democratic govt cannot do this? The answer is that DEMO crazy has looted Pakistan.

 

[cloud_9]

Reserves are still around $8 Billion.

 

[telugodu]

Pakistan forex reserves fall to $8.090 billion

KARACHI: Pakistan’s foreign exchange reserves dropped to $8.090 billion in the week ending December 20, 2013 compared to $8.526 billion in the previous week, the central bank said.



According to a statement issued by State Bank of Pakistan (SPB), the total liquid foreign reserves held by the country stood at $8,090.2 million on 20 December 2013.



The break-up of the foreign reserves position is as foreign reserves held by SBP are $3,192.9 million; net foreign reserves held by banks (other than SBP) is $4,897.3 million and total liquid foreign reserves are $8,090.2 million.



During the week ending 20 Dec 2013, SBP’s liquid forex reserves decreased by $275 million to $3,193 million compared to $3,468 million in the previous week.



The decrease in the SBP reserves is mainly due to payments of $185 million, of which external debt servicing was $162 million inclusive of $58 million repayment to IMF and other official payments equal to $23 million.



During the week, there was no major inflow from multilateral and bilateral sources.



On the successful completion of first review, disbursement of the second tranche of Extended Fund Facility (EEF) worth $554 million has been received on December 232013 and will be reported in the next week reserve position.

Pakistan forex reserves fall to $8.090 billion - thenews.com.pk

 

[Dillinger]

[quote="akshay gehlot, post: 5085086, member: 151367" how the hell did a big nation like pak get its foreign reserve so low .

Mazey![/quote]

Paraphrasing here, "I travel by a helicopter so as to not cause a traffic jam." Well that's quaint and amusing in a very sad sort of way.

Anyway, I've seen our own PM's convoy and lord its not even close to what this guy had going on in the video- that was like a whole army of police cars and what not!

 

[telugodu]

Having $8Billion is not that bad...
Atleast its not negative

 

[INDIC]

What happened to $5 billion loan from IMF.

 

[Not Sure]

Pakistan repays $147m instalment to IMF

Pakistan successfully paid the 25th installment on Friday under IMF/SBA facility amounting to XDRs 96 million equivalent to $147 million. “With the repayment of current installment, Pakistan to-date has repaid to IMF XDRs 4,097 million equivalent $6,249 million since July-2011, of which XDRs 3,548 million equivalent $5,404 million was under SBA facility” a SBP spokesperson said. According to the spokesman, during the current fiscal year 2013/14, Pakistan has repaid to IMF XDR 1,256 million equivalent to $1,918 million.
; which includes XDR 1,163 million equivalent $1,776 million under SBA and XDR 37 million equivalent $57 million under ENDA.

 

[ashoka87]

Media and Imran Khan thugs are responsible for every thing, otherwise Nawaz Sharif was not even allowed to contest elections and there was a law that he could not be 3rd time PM which was allowed by cheap justice.

I think it would be for the back to back 3 time.
And NS has not even able to complete his term on last to occasion

 

[FaujHistorian]

This happens when you hug DEMO crazy. This is just DEMO of craziness. Compare it with Musharraf era when Foreign Reserves were touching $20Billion Mark, not to forget when Musharraf took charge from PML-N noora the reserves were less than a Billion$. If Musharraf can accelerate economy plus raise reserves 19times higher, keep PKR stable at 58-59, double the GDP(nominal) from 80billion$ to 180billion$ then how a democratic govt cannot do this? The answer is that DEMO crazy has looted Pakistan.

Army generals like Ayub, Zia, Musharraf worked hand in glove with USA, and received HUGE amount of dollars in direct and indirect flows.

If elected governments do the same, then they too will get influx of dollars.

Why it is so hard to understand?

Military generals do not have printing presses to make dollars. They make Pakistan work for USA.

Just like Chinese government makes it people work for USA/EU day and night. And thus they have $4000 billion dollars/Euros in reserve.

Just like INdian government makes its people work for USA/EU day and night, and thus they have $300 billion dollars in reserve.

Just like S Korean government makes its people work for USA/EU day and night, and thus they have $500 billion dollars/Euros in reserve.

Same with Turkey aka NATO member with 150 billion dollars/Euro reserve

Same with Japan

Same with every country that has no natural resources like petroleum or gas.


Hope this clarifies things a bit.


peace

 

[Mike_Brando]

Army generals like Ayub, Zia, Musharraf worked hand in glove with USA, and received HUGE amount of dollars in direct and indirect flows.

If elected governments do the same, then they too will get influx of dollars.

Why it is so hard to understand?

Military generals do not have printing presses to make dollars. They make Pakistan work for USA.

Just like Chinese government makes it people work for USA/EU day and night. And thus they have $4000 billion dollars/Euros in reserve.

Just like INdian government makes its people work for USA/EU day and night, and thus they have $250 billion dollars in reserve.

Just like S Korean government makes its people work for USA/EU day and night, and thus they have $500 billion dollars/Euros in reserve.

Same with Turkey aka NATO member with 150 billion dollars/Euro reserve

Same with Japan

Same with every country that has no natural resources like petroleum or gas.


Hope this clarifies things a bit.


peace

mate a small correction,the Forex reserve of India at present is around $295.50 billion(Dec.20)
Forex reserves fall slightly to $295.50 billion as on Dec 20 - RBI| Reuters

 

[FaujHistorian]

mate a small correction,the Forex reserve of India at present is around $295.50 billion(Dec.20)
Forex reserves fall slightly to $295.50 billion as on Dec 20 - RBI| Reuters

Thanks.

Exact numbers will vary from month to month.

But Yeah, with $250 billion, moving to $300 should give the same message to Pakistanis.

If you want dollar/Euro reserves increase, then we must work for USA/EU to earn them.

That's all, .

 

[Mike_Brando]

Pakistani Forex reserve is at around $8.090 billions(until Dec.20) as per State Bank of Pakistan
State Bank of Pakistan - The Central Bank