Pakistan’s forex reserves drop to $14.574 billion

[karan.1970]

Pakistan’s forex reserves drop to $14.574 billion | DAWN.COM

KARACHI: Pakistan’s foreign exchange reserves dropped to $14.574 billion in the week ending July 27, from $14.772 billion in the previous week, the central bank said on Thursday.

Pakistan’s reserves have been reduced by debt repayments in recent months, including for an $8 billion loan from the International Monetary Fund (IMF). The next repayment to the IMF is due this month.

 

[Baby Leone]

This will increase again as the remitances are all time high & we are abt to receive the compensation frm US for the loss in WoT

Forex reserves jump to $15.7 billion – The Express Tribune

 

[SamranAli]

dont forget its Ramzan and Eid after.

 

[IND151]

^^????????????

 

[T90TankGuy]

dont forget its Ramzan and Eid after.

what has this got to do with forex reserves mate?

 

[Safriz]

Good,,That means less reliance on imports..

 

[Bhairava]

^^ That may mean bankruptcy in near future.

 

[Safriz]

^^ That may mean bankruptcy in near future.

For a country like Pakistan Credit ratings doesn't matter,nor does bankruptcy...
Bankruptcy will only mean that the unreal interest on foreign loans wont get paid and lenders will have to renegotiate their terms....

 

[Nitin Goyal]

For a country like Pakistan Credit ratings doesn't matter,nor does bankruptcy...
Bankruptcy will only mean that the unreal interest on foreign loans wont get paid and lenders will have to renegotiate their terms....

 

[Safriz]

do you have a better argument than this?

 

[Nitin Goyal]

do you have a better argument than this?

evolve your brain a bit then come back..i will enlighten you..

have u heard a thing called "cost of investment" ever ?

Next time nobody will finance you...because of ur credit history or u have a pay a higher premium for that.

 

[CZAR]

Does anybody know how much of that IMF loan has been repaid and how much is still due? If the payment is still due, it could burn an even bigger hole in the pak central bank's pockets.

 

[farhan_9909]

Does anybody know how much of that IMF loan has been repaid and how much is still due? If the payment is still due, it could burn an even bigger hole in the pak central bank's pockets.

as far as i know
total imf loan program was of 11bns

bt after 7.6bns,the program was suspended

close to a billion are already paid
1.2bns to be paid this month

the remaining 5bns will be paid till 2015

SBP said returning the aid wont effect too much

 

[American Pakistani]

Even 14 billions exceeds expectations, wait till the end of this year zardari is not a fool to leave anything more than 5 billions. Welcome to DeM0cRaZy

 

[farhan_9909]

Does anybody know how much of that IMF loan has been repaid and how much is still due? If the payment is still due, it could burn an even bigger hole in the pak central bank's pockets.

as far as i know
total imf loan program was of 11bns

bt after 7.6bns,the program was suspended

close to a billion are already paid
1.2bns to be paid this month

the remaining 5bns will be paid till 2015

SBP said returning the aid wont effect too much