Pakistan returned 1.2 billion UAE banks loan, now 4.5 billon left

[HAIDER]

Reserves reach $4.5 billion after debt payment to UAE banks​

Reserves down to 9 years low hardly enough for country’s 25 days imports


ByMirror Web
January 7, 2023
Updated: 1 day ago
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Pakistan has returned the loans to banks of the United Arab Emirates (UAE) after which foreign exchange reserves have further decreased by $1.2 billion to $4.5 billion.
Foreign exchange reserves are now at the level of less than a month’s imports.
According to reports, a total of $1 billion has been paid to Emirates banks NBD and Dubai Islamic Bank. $600 million have been paid to Emirates NBD and $420 million to DIB.
After these payments, the government’s foreign exchange reserves fell to $ 4.5 billion which is the lowest level of government reserves in 8 years and 9 months.
So far Pakistan has been in need of the support of foreign aid at the Geneva Conference where efforts will be made to provide $1.5 billion for the conference.
The government reserves of foreign exchange are continuously declining and now the reserves have come to the level of meeting the requirement of 25 days of the country’s imports only.
Since April 2022, the government’s foreign exchange reserves have decreased by $ 6.35 billion.

 

[Clutch]

Reserves reach $4.5 billion after debt payment to UAE banks​

Reserves down to 9 years low hardly enough for country’s 25 days imports


ByMirror Web
January 7, 2023
Updated: 1 day ago
https://www.facebook.com/sharer.php?u=https://minutemirror.com.pk/reserves-reach-4-5-billion-after-debt-payment-to-uae-banks-84723/
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https://minutemirror.com.pk/reserves-reach-4-5-billion-after-debt-payment-to-uae-banks-84723/#

Pakistan has returned the loans to banks of the United Arab Emirates (UAE) after which foreign exchange reserves have further decreased by $1.2 billion to $4.5 billion.
Foreign exchange reserves are now at the level of less than a month’s imports.
According to reports, a total of $1 billion has been paid to Emirates banks NBD and Dubai Islamic Bank. $600 million have been paid to Emirates NBD and $420 million to DIB.
After these payments, the government’s foreign exchange reserves fell to $ 4.5 billion which is the lowest level of government reserves in 8 years and 9 months.
So far Pakistan has been in need of the support of foreign aid at the Geneva Conference where efforts will be made to provide $1.5 billion for the conference.
The government reserves of foreign exchange are continuously declining and now the reserves have come to the level of meeting the requirement of 25 days of the country’s imports only.
Since April 2022, the government’s foreign exchange reserves have decreased by $ 6.35 billion.

Lol... Corrupt Pakistani government literally hijacked and stile dollars from traders US dollar accounts and gave it to UAE.... Repairs o

 

[RIP Pak LAW]

$1.2 billions paid back $2 billions will be given.

Don't worry Asim Munir is on it.

 

[Catalystic]

Its ok
Now where is the almost $50 billion that pti borrowed during its 3.5 yrs in office??

Kaha lagaya wo paisa ?? Abi tak nazar nahi aya k billions kahan lagay?? 50 billion is a lot.
Where is it?

 

[HAIDER]

Its ok
Now where is the almost $50 billion that pti borrowed during its 3.5 yrs in office??

Kaha lagaya wo paisa ?? Abi tak nazar nahi aya k billions kahan lagay?? 50 billion is a lot.
Where is it?

I asked a few about the theory of 50 billion ... is like an aircraft carrier/battle group passing through the Suez canal and nobody saw it.....lol l

And now they are looking for 50 billion in Toshakhana case .....lollll

 

[Catalystic]

I asked a few about the theory of 50 billion ... is like an aircraft carrier/battle group passing through the Suez canal and nobody saw it.....lol l

Yeah they(pti) won’t give a trail either, proving that they’re all the same.

 

[TigerOfMysore]

Yeah they(pti) won’t give a trail either, proving that they’re all the same.

I do realize it is the dream of PML and the other crooks to somehow build an argument of moral equivalence with PTI. They are not the same.

 

[Catalystic]

I do realize it is the dream of PML and the other crooks to somehow build an argument of moral equivalence with PTI. They are not the same.

Brother these politicians are all same. They all failed the country.
Pti also didn’t do much. Look how it took few months to default.

 

[HAIDER]

Brother these politicians are all same. They all failed the country.
Pti also didn’t do much. Look how it took few months to default.

PDM is happy, all NAB cases closed, criminal cases closed, billions of dollars gone in their accounts,,,public money.

 

[WarKa DaNG]

Its ok
Now where is the almost $50 billion that pti borrowed during its 3.5 yrs in office??

Kaha lagaya wo paisa ?? Abi tak nazar nahi aya k billions kahan lagay?? 50 billion is a lot.
Where is it?

If those nooni league had increased our exports instead of decreasing then you would not have been posting this absurd comment

 

[lightning F57]

Its ok
Now where is the almost $50 billion that pti borrowed during its 3.5 yrs in office??

Kaha lagaya wo paisa ?? Abi tak nazar nahi aya k billions kahan lagay?? 50 billion is a lot.
Where is it?

I cant answer this question, but I do wonder if 2 years of covid ate heavily into these borrowed funds.

Issue with Pak leaders they only know how to borrow and beg, a nation can only stand if it tries to live within its means and invests on its growth. This vicious cycle just never ends. The IMF interest payments to me feel like will never end.

 

[SIPRA]

Never ever, an army of a country destructed it's own country; as PA has done.