Pakistani foreign reserves starts to rise. $17.07 billion reached

[maximuswarrior]

That's right folks. The Imran effect at full display.

Unnecessary expenditure coming to an immediate halt.

PS. Sorry for using this size font, but Indians are hijacking this thread.

 

[SunilM]

Lol why the hell are you shouting man. I can read normal text you don't have to make it red. Lol. This show your propaganda desperation lol. Hahahahaha
@SunilM it is sad I being just a regular farmer beat you in economic forecasting. Lol you have wasted your education being an economist.

Tughe khuda ka khauf karna chahiye. The forex is being built by taking loans, then , how is this different from what PML-N did? And this question is not directed at you but sane people who want to discuss the issue.

 

[HariSinghNalwa]

Yes Loans are being taken for cosmetic outlook ,ishaq dar was branded traitor for fudging numbers but as always its same old same old but some people with inherent desire to further an agenda tries to show other as not doing well which may not be wise

 

[SunilM]

Yes Loans are being taken for cosmetic outlook ,ishaq dar was branded traitor for fudging numbers but as always its same old same old but some people with inherent desire to further an agenda tries to show other as not doing well which may not be wise

Forex reserves are being built on debt. This can't be good. Thats the larger question.

 

[BHarwana]

Tughe khuda ka khauf karna chahiye. The forex is being built by taking loans, then , how is this different from what PML-N did? And this question is not directed at you but sane people who want to discuss the issue.

Lol you are against using red and bold text to show your frustration. Where do you think we should put the loans that we get. Dollar is a global currency and we have to give that money to SBP nd it shows up in foreign reserves. Pakistan received 750 million from China and rest were our export profits now if our economy is growing what can we do here lol. Man you need to get math tuition. Seriously weak at economics and simple add subtract equations.
Pakistan will be the best markets in the World soon. Jaal nahi bhai mehnat kar. Jalnay wala ka muan kala. Lol

 

[Chakar The Great]

Indians panties getting wet.

Barking dogs never bite.

 

[Novice09]

Well talking Pakistanis on economy is like... BHAINS K AGE BEEN BAJANA...

China PARKED 1billion dollar in SBP and Pakistanis are jumping like China has paid it to them...

@SunilM @Harisinghnalwa

When did you received 2 billion from China and one billion from KSA...

By the way how much is the FER of Pakistan... Indian FER is $380.718 billion as per this report...

Decline in foreign exchange reserves is worrying if there is a steep decline and economic growth is not upto the mark... and currently that is not a case with India...

Hmmm... Imran Khan effect...

Indian economy is doomed... we have the lowest economic growth rate in the world... all rating agencies had given negative ratings to us... our stock market is at all time low... FDI is all time low in India... tax collection (direct and indirect) is all time low... inflation is all time HIGH...

BAD WATERS, REALLY BAD WATERS...



Mr. Economist from top most universities... thank you... why did you received 1 billion from China...

It is like... I ask from my friend to park some money in my bank account so that I could get more LOAN to pay off my EMI for old LOAN...

On provided link, all I can say that in early 90s our economy was almost collapsed but... now see where we stand now despite of all red tape, babudom and corrupted to core leadership of current scamgress...

Very true ,he interprets events without context and some times relies on falsehoods for ex ,proclaimation of death of raw station chief and 2 indian army soldiers ,propaganda is good but it should be good propaganda atleast

 

[Imran Khan]

Forex reserves are being built on debt. This can't be good. Thats the larger question.

India’s external debt stock totaled US$ 513.4 billion
India Forex reserves 385bn$


so its mean all of indian Forex reserves are from loans ?

 

[Crystal-Clear]

That's right folks. The Imran effect at full display.

Unnecessary expenditure coming to an immediate halt.

PS. Sorry for using this size font, but Indians are hijacking this thread.

for indians its hard to digest the fact that Imran Khan is our PM now while they have the dumbest guy after trump obviously .

Lol you are against using red and bold text to show your frustration. Where do you think we should put the loans that we get. Dollar is a global currency and we have to give that money to SBP nd it shows up in foreign reserves. Pakistan received 750 million from China and rest were our export profits now if our economy is growing what can we do here lol. Man you need to get math tuition. Seriously weak at economics and simple add subtract equations.
Pakistan will be the best markets in the World soon. Jaal nahi bhai mehnat kar. Jalnay wala ka muan kala. Lol

you just shattered their peaceful sleeps .

 

[Morpheus]

Lol you are against using red and bold text to show your frustration. Where do you think we should put the loans that we get. Dollar is a global currency and we have to give that money to SBP nd it shows up in foreign reserves. Pakistan received 750 million from China and rest were our export profits now if our economy is growing what can we do here lol. Man you need to get math tuition. Seriously weak at economics and simple add subtract equations.
Pakistan will be the best markets in the World soon. Jaal nahi bhai mehnat kar. Jalnay wala ka muan kala. Lol

He failed in everything. Economics, math, life. He can't even show his face to his family anymore. Poor guy.

 

[kris]

Dollar is a global currency and we have to give that money to SBP nd it shows up in foreign reserves. Pakistan received 750 million from China and rest were our export profits now if our economy is growing what can we do here lol.

It's difference between imports and exports. Your nations imports have gone down with exports quantity have probably stayed the same or may be more due to price fall of rupee. Fall of imports will definitely be due to change of fiscal policies of reserve bank of Pakistan ( or whatever name) so that to prevent further fall of pakisPaki rupee. Raise in your nations forex may be also due to change in political environment of your nation , as hopefully a stable government is going to come.....

I don't see something spectacular here. Almost all countries have the same issues during election times.investors want to be careful with their investments na.

India’s external debt stock totaled US$ 513.4 billion
India Forex reserves 385bn$


so its mean all of indian Forex reserves are from loans ?

Bhai saheb, this loans were taken over few decades and used. Our forex reserves are currently in hand.
Whenever you get a foreign loan in dollars they obviously will add to your forex.or Do you suggest that outside loans have not added to current raise in forex.

 

[UnitedPak]

@SunilM I have asked you repeatedly in the past to stop posting like a 5yr old on crack. Are you too important to use a normal font of a normal size?

 

[Imran Khan]

It's difference between imports and exports. Your nations imports have gone down with exports quantity have probably stayed the same or may be more due to price fall of rupee. Fall of imports will definitely be due to change of fiscal policies of reserve bank of Pakistan ( or whatever name) so that to prevent further fall of pakisPaki rupee. Raise in your nations forex may be also due to change in political environment of your nation , as hopefully a stable government is going to come.....

I don't see something spectacular here. Almost all countries have the same issues during election times.investors want to be careful with their investments na.



Bhai saheb, this loans were taken over few decades and used. Our forex reserves are currently in hand.
Whenever you get a foreign loan in dollars they obviously will add to your forex.or Do you suggest that outside loans have not added to current raise in forex.

so mery bhai our loans are from yesterday ? our debt is what we have take loans in last 70 years

 

[kris]

so mery bhai our loans are from yesterday ? our debt is what we have take loans in last 70 years

No one is talking about your debts now. Context is about raise in forex suddenly

 

[SunilM]

The Situation is really bad. Loans after loans after loans for just about everything.

Standard Chartered Bank to give $200m loan to Pakistan

The Standard Chartered Bank will give a $200-million commercial loan to Pakistan to help the country finance its liquefied natural gas (LNG) imports, as Islamabad continues to weigh options to meet gross external financing needs.

With the fresh facility, SCB-London’s exposure to Pakistan has increased to over $1.1 billion in the last two years, said officials in the Ministry of Finance and Economic Affairs. They said the new loan has been secured at a 12-month floating London Interbank Offered Rate (Libor) plus 1.4%. This brings the total cost at the current Libor rate to over 4.2%.



SCB Pakistan declined to comment on the terms of the deal.

Officials in the ministry said the agreement has a provision of additional financing.

Earlier, in fiscal year 2017-18, SCB-London had provided a $200-million commercial loan in three tranches received between November and January. The last $200 million loan will mature next month.

The fresh facility will be used to finance LNG imports, which are growing after the fuel-based power plants started commercial operations. In the last fiscal year, Pakistan imported $2.5 billion worth of LNG to run power plants, which was 87% higher than the preceding year, according to the Pakistan Bureau of Statistics (PBS).

Pakistan trying to ink fresh LNG deals at lower rates

Last week, China also agreed to extend $2 billion in loans to Pakistan to offset pressure from foreign exchange reserves. The Islamic Development Bank (IDB) has also activated $4.5 billion worth three-year facility for oil imports. These two facilities have helped take the pressure off the rupee with the currency recovering some of its value against the US dollar in the inter-bank market.

During the week ending 27 July, SBP’s gross official reserves increased by $1.339 billion to $10.35 billion due to official inflows, the central bank reported on Thursday.

However, these measures provide short-term relief, and are not sufficient to address overall financing needs of the country, estimated in the range of $25 billion to $28 billion.

In an interview with Bloomberg, Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar, the man tipped to be finance minister, said the decision to overcome external financing challenges needs to be taken in the next six weeks. He listed the International Monetary Fund (IMF), friendly countries and issuance of diaspora bonds among options to bolster depleting reserves.

Even after the arrival of Chinese aid and activation of the IDB’s facility, Pakistan’s external financing gap is in the range of $8 billion to $9 billion for this fiscal year, said officials in the finance ministry.

Caretaker Finance Minister Dr Shamshad Akhtar on Thursday said that work on IMF programme was under way, although Pakistan has not yet formally approached the Fund. She said that the caretaker government would hand over the plan to the incoming government.

Unlike the last programme, Pakistan’s chances of getting an IMF bailout on favourable terms are not very high due to explicit opposition by the United States. US Secretary of State Mike Pompeo has already warned against the IMF bailout being used to repay Chinese debt, extended in large part due to CPEC, to Pakistan.

The caretaker finance minister reiterated that there was no relation of CPEC with the IMF programme.

She said that there was no immediate pressure on the government for loan repayments, as some major debt and interest payments were due in the second quarter of this fiscal year.

Third LNG-based power plant completed

To a question, the minister said that the value of dollar-rupee parity is decided by market forces and it is difficult to forecast the exact value.

Shamshad said that Pakistan was facing challenges of acute macroeconomic instability and fiscal deficit. The country needs strict financial discipline and consistent policies to overcome this challenge.

She stated that the government needs to take on board experts and modernise statistical data production services, which would ultimately help in effective policymaking and rationalising goals.

Umar said on Wednesday that the PTI would set up two consultative forums – an Economic Advisory Council and a Business Advisory Council. He said the prime minister will himself chair the EAC meeting.

Published in The Express Tribune, August 3rd, 2018.

https://tribune.com.pk/story/1772153/2-standard-chartered-bank-give-200m-loan-pakistan/

Loans,Loans and more loans..... How is this any different than what was happening with the PML-N regime?