Pakistan forex reserves fall to $7.589bn.

[Assault Rifle]

Pakistan forex reserves fall to $7.589bn.
February 14, 2014 - Updated 1911 PKT
From Web Edition

KARACHI: Pakistan’s foreign exchange reserves dropped to $7.589 billion in the week ending February 7 compared to $8.017 billion in the previous week, the State Bank of Pakistan (SBP) said.

Remittances from Pakistanis abroad rose 9.46 percent to $7.8 billion in the July-December first half the 2013/14 fiscal year, from $7.11 billion in the same period last year.

The fiscal year runs from July to June. (Reuters)

Pakistan forex reserves fall to $7.589bn - thenews.com.pk

 

[Gandhi G in da house]

It's been falling consistently. I hope it doesn't go down to zero.

 

[Jazzbot]

Is this the economic blast your govt is bragging about since start?

@hasnain0099 @cb4 @Tameem @arushbhai

 

[Bhai Zakir]

Is this the economic blast your govt is bragging about since start?

@hasnain0099 @cb4 @Tameem @arushbhai

1.) Only good India-pakistan economic relations can improve the economy of pakistan, inflation will come down and the manufacturing will boost.

2.) Pak Army don't allow India-Pak economic relations and u should not blame nawaz sharif for it.

Military blocking Pakistan-India trade deal, says Shahbaz Sharif | World news | theguardian.com

3.) The second most important step will be the rule of a single party all over pakistan be it at federal or state level. And military can't do it as they are not the expert only politicians can rule a country progressively.

4.) Remove feudalism, extremism and tribe system.

 

[livingdead]

1.) Only good India-pakistan economic relations can improve the economy of pakistan, inflation will come down and the manufacturing will boost.

2.) Pak Army don't allow India-Pak economic relations and u should not blame nawaz sharif for it.

Military blocking Pakistan-India trade deal, says Shahbaz Sharif | World news | theguardian.com

3.) The second most important step will be the rule of a single party all over pakistan be it at federal or state level. And military can't do it as they are not the expert only politicians can rule a country progressively.

4.) Remove feudalism, extremism and tribe system.

Indians should stop lecturing how pakistan should be run. It must be really annoying to them coz some of it might be right (and a lot is not).

 

[Star Wars]

did it just fall $400 million in a week ?

 

[Luftwaffe]

It's been falling consistently. I hope it doesn't go down to zero.

Who knows it might be less than couple of billion dollars...govt got and will get around $7 billion loan from IMF, a separate loan was taken to pay off circular debt which again increased haha stupid Pakistani finance minister "dollar dar" whose qualification is worst than a chota mota bank manager. This is the same team under whom Pakistan Forex were only $300m or a little over it. nawaz sharif can't even establish a utility store from his own pocket and he has millions of dollars worth one of the largest malls in Riyadh saudi arab forget other parts of saudi arab, next malls are coming to Turkey including couple of industries not to forget 37ish industries in Pakistan and would you believe he/his brother joint family business pay 0.8m rupees taxes hahaha even someone who fixes a crore rupees pays more taxes in a year...what a joke.

 

[livingdead]

Who knows it might be less than couple of billion dollars...govt got and will get around $7 billion loan from IMF, a separate loan was taken to pay off circular debt which again increased haha stupid Pakistani finance minister "dollar dar" whose qualification is worst than a chota mota bank manager. This is the same team under whom Pakistan Forex were only $300m or a little over it. nawaz sharif can't even establish a utility store from his own pocket and he has millions of dollars worth one of the largest malls in Riyadh saudi arab forget other parts of saudi arab, next malls are coming to Turkey including couple of industries not to forget 37ish industries in Pakistan and would you believe he/his brother joined family business pay 0.8m rupees taxes hahaha even someone who fixes a crore rupees pays more taxes in a year...what a joke.

its easy to blame him, but you need to export more.

 

[VeeraBahadur]

1.) Only good India-pakistan economic relations can improve the economy of pakistan, inflation will come down and the manufacturing will boost.

2.) Pak Army don't allow India-Pak economic relations and u should not blame nawaz sharif for it.

Military blocking Pakistan-India trade deal, says Shahbaz Sharif | World news | theguardian.com

3.) The second most important step will be the rule of a single party all over pakistan be it at federal or state level. And military can't do it as they are not the expert only politicians can rule a country progressively.

4.) Remove feudalism, extremism and tribe system.

They were a ready to eat grass since ages while developing nukes.

Who knows it might be less than couple of billion dollars...govt got and will get around $7 billion loan from IMF, a separate loan was taken to pay off circular debt which again increased haha stupid Pakistani finance minister "dollar dar" whose qualification is worst than a chota mota bank manager. This is the same team under whom Pakistan Forex were only $300m or a little over it. nawaz sharif can't even establish a utility store from his own pocket and he has millions of dollars worth one of the largest malls in Riyadh saudi arab forget other parts of saudi arab, next malls are coming to Turkey including couple of industries not to forget 37ish industries in Pakistan and would you believe he/his brother joined family business pay 0.8m rupees taxes hahaha even someone who fixes a crore rupees pays more taxes in a year...what a joke.

I read somewhere Pakistani politicos are smart enough to foresee the future and hence they are abandoning it slowly.

But NVM

May be THIS come as help.

 

[Tameem]

No doubt there are large range of reforms required by GOP to finally placing the economy on track.

Nevertheless, That fall might be the result of payments, here is 16th Feb news about Reserves.

By the end of March 2014, a sizeable increase in forex reserves is anticipated with a projected figure of more than $10bn since forex inflows are adding up steadily.
Dar fears Rs175bn shortfall in revenue collection - DAWN.COM

Further, PMLN Govt congratulated today on another economic front as follows;


ISLAMABAD: Pakistan made history on Friday, courtesy the PML-N government. The Tax Directory of lawmakers is out now. Another is due by March 31 that will contain details of all citizens registered with Federal Board of Revenue. Once it is done, Pakistan will be the 4th country in the world to release the tax directory. This practice is carried out in Sweden, Norway and Finland.
Dar calls and says: ‘We have done it’ - thenews.com.pk

 

[hunter_hunted]

1.) Only good India-pakistan economic relations can improve the economy of pakistan, inflation will come down and the manufacturing will boost.

2.) Pak Army don't allow India-Pak economic relations and u should not blame nawaz sharif for it.

Military blocking Pakistan-India trade deal, says Shahbaz Sharif | World news | theguardian.com

3.) The second most important step will be the rule of a single party all over pakistan be it at federal or state level. And military can't do it as they are not the expert only politicians can rule a country progressively.

4.) Remove feudalism, extremism and tribe system.

Oh bhai phock off with this India-Pakistan relation. Im tired on this ur India-Pakistan relation rant

 

[JAT BALWAN]

Oh bhai phock off with this India-Pakistan relation. Im tired on this ur India-Pakistan relation rant

You must put down that gun cos it seems odd for a buffalo to hold that.... that's why you get tired...

 

[hunter_hunted]

You must put down that gun cos it seems odd for a buffalo to hold that.... that's why you get tired...

Jat Sir, This guy is really annoying nothing more to contribute then making the same rants over and over again.

 

[Luftwaffe]

its easy to blame him, but you need to export more.

Blame? it is proven a man who owns 37ish industries in Pakistan and more than a 6 in middle east along with super malls would pay only 0.8m in taxes?

How do you suppose to export when there is no electricity and gas...a common CNG station owner is earning approximately 500,000 dollars per year after all taxes deductible and rishwat to govt or forcible demands..the courts are also sold out they and govt are on the same page to destroy nation...our courts are protecting cng station owners where as 3 days there is no gas up to 12 hours for homes infact not even for many business/industries. Pakistan's financial system is flawed and collapsing there is a need to look into and rewrite financial system and implement that is the only way forward by another uncorrupted govt. Personally I think Pakistan's forex would be around $3b when this govt is either thrown out or collapses. I would really want all industrialists be taxed 50% but here is the problem the entire corrupt industrialists voted for pml-n so they can pay no taxes or barely any taxes and fill pockets of their politicians and survive the 5 year period.

 

[Robinhood Pandey]

Jat Sir, This guy is really annoying nothing more to contribute then making the same rants over and over again.

I can pheel you my pherend. . . .this bhai guy has gone full retard due to the upcoming elections