Forex reserves hit record $19 billion-mark

[Mike_Brando]

Double? say close to triple...Pak Forex is around $7B..ish.

Compare $7.ish to $19B there is a hell of a difference.

mate the total forex reserve of Pakistan is around $8.04 Billions as per the State Bank of Pakistan...
State Bank of Pakistan - The Central Bank

 

[Luftwaffe]

mate the total forex reserve of Pakistan is around $8.04 Billions as per the State Bank of Pakistan...
State Bank of Pakistan - The Central Bank

I wouldn't believe state bank of Pakistan, 3-4 days ago forex were 7Bish not its 8.04b where is the money coming from...our finance minister says huge investment is coming not sure if djinn investing or what there is no gas/electric for industries this particular govt has a great plan haha to get loans to pay off loans start with bank stop at bank...

You should also read how many state bank governors changed in past 5 years..in zardari's era state bank governor was affiliated to ppp political party the current one is affiliated to pml-n nawaz and in mush era the state bank governor was related to mush good friends of party. A state bank that changes it's statement every now and than is not believable..why is it printing more money for govt it should tell govt do your job fix economy no more printing of money to fill coffer...the same state bank and its governors who have written off as much as 300 billion rupees for the past 40 years...if someone can't pay either reduce the rate or grab their businesses writing off loans is something of last decisions..corrupt lot.

 

[HariPrasad]

Congrats!!!!!

 

[idune]

Awami deception behind $19 billion dollars reserve
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Reserve tops $19b as BB buys $7.72b in 19 months
Staff Correspondent

The country’s foreign exchange reserve crossed $19-billion mark on Wednesday for the first time as Bangladesh Bank purchased US dollars worth $7.72 billion in the last fiscal year and seven months and 19 days of the current FY 2013-14.
Higher export earnings against a lower import payment in the last few months played a significant role in increasing the country’s foreign exchange reserve, BB officials said.
..................................
The foreign exchange reserve will increase more in the months to come if imports do not increase in accordance with the demand from the industrial sector, a BB official said.
...............................
BB officials said that the country had been enjoying comfortable foreign exchange reserve since the beginning of the FY13 as imports declined significantly amid political unrest.

Reserve tops $19b as BB buys $7.72b in 19 months

 

[SpArK]

Congrats BD.

Long live Awami League.

 

[BDforever]

Awami deception behind $19 billion dollars reserve
------------------
Reserve tops $19b as BB buys $7.72b in 19 months
Staff Correspondent

The country’s foreign exchange reserve crossed $19-billion mark on Wednesday for the first time as Bangladesh Bank purchased US dollars worth $7.72 billion in the last fiscal year and seven months and 19 days of the current FY 2013-14.
Higher export earnings against a lower import payment in the last few months played a significant role in increasing the country’s foreign exchange reserve, BB officials said.
..................................
The foreign exchange reserve will increase more in the months to come if imports do not increase in accordance with the demand from the industrial sector, a BB official said.
...............................
BB officials said that the country had been enjoying comfortable foreign exchange reserve since the beginning of the FY13 as imports declined significantly amid political unrest.

Reserve tops $19b as BB buys $7.72b in 19 months

what about the other part below red one ?

 

[TopCat]

No according to latest figures and the other day breaking news on Pak media channels forex are a little over $7B according to state bank of Pakistan but since state bank is also corrupt my personal opinion is Forex are anywhere close to $3B..this is the same Pak govt when Pakistan total reserves were only 300m and Nation was bankrupt.

You are right, PK central bank probably hold around 3-4 billion dollar and the rest with the commercial banks. In BD, we dont report the dollar held by the commercial bank but only the dollar held by central bank. So in my opinion(just a guess) the total foreign currency are in excess of 22 to 25 billion dollar.

 

[Moander]

Double? say close to triple...Pak Forex is around $7B..ish.

Compare $7.ish to $19B there is a hell of a difference.

Dude you gonna give heart attack to Bihari members of our Bangladesh Defense section

 

[Sher Malang]

Congratulations to our Bengali brothers; keep it up, Afghans wish the best for your country.

 

[45'22']

what about the other part below red one ?

so when are you overtaking Pakistani gdp????
is this possible???

 

[BDforever]

so when are you overtaking Pakistani gdp????
is this possible???

probably within 10 years if current situation remains in both countries

 

[JAT BALWAN]

probably within 10 years if current situation remains in both countries

Curse you RAW dalal... You'll always remain minnows infront of Punjabi powerhouse of Pakistan... Insha Allah..

 

[jarves]

probably within 10 years if current situation remains in both countries

Wow ,can you please back it up with figures.

 

[BDforever]

Wow ,can you please back it up with figures.

well not exactly within 10 years LOL 15 years to 18 years as our economy is about $130 billion with average growth of 6%

 

[LaBong]

If India is running Bangladesh and Mukesh Ambani is running India then I guess the credit should goes to Ambanis!!