Pakistan’s forex reserves fall to $8.238 bn

[Jade]

KARACHI: Pakistan's foreign exchange reserves dropped to $8.238 billion in the week ending November 29 compared to $8.796 billion in the previous week, the central bank said.

Pakistan’s forex reserves fall to $8.238 bn - DAWN.COM

I guess in oct the forex reserves were $10 bn, with in two months a $2 bn drop???

 

[kaykay]

What's the reason??

 

[Donatello]

KARACHI: Pakistan's foreign exchange reserves dropped to $8.238 billion in the week ending November 29 compared to $8.796 billion in the previous week, the central bank said.

Pakistan’s forex reserves fall to $8.238 bn - DAWN.COM

I guess in oct the forex reserves were $10 bn, with in two months a $2 bn drop???

Have to pay back IMF loans, and other international obligations.

 

[rockstar08]

democracy is the best

 

[Norphisor]

O mian ji jan deo.

 

[Assault Rifle]

Meanwhile India's forex reserves rose by more than $5 billion.

 

[SBD-3]

What's the reason??

December and June usually have debt servicing and oil payments clearing up.

 

[Shadow_Hunter]

ecember and June usually have debt servicing and oil payments clearing up

Hi, do you have any data about net capital inflows in pakistan versus its CAD? This will give an idea whether the current situation in pakistan is sustainable or not?

 

[A.Rafay]

I thought they fell to 3 billion few days ago in a news.

 

[KRAIT]

I heard it was $ 16 billion.

Anyone from Pakistan leadership wants to make detrimental comments ?

 

[bandit]

Can somebody pass this news along to the Pakistan Army, they were having fantasies of a disproportionate response.

 

[SBD-3]

Hi, do you have any data about net capital inflows in pakistan versus its CAD? This will give an idea whether the current situation in pakistan is sustainable or not?

current account's net balance is usually compensated from inflows in the capital account as dollar shortage is met from IMF,aids,loans or Remittances.
Interestingly for unknown reasons, Pakistan's GDP to domestic debt and GDP to foreign debt ratios have been stable in the first half of the year.

Can somebody pass this news along to the Pakistan Army, they were having fantasies of a disproportionate response.

Army's and military's payments are put on priority. This means that government ensures that their procurement plans go smooth. Secondly, the missile program is a domestic one so there is a little need for FX for that.

 

[A.Rafay]

I heard it was $ 16 billion.

Anyone from Pakistan leadership wants to make detrimental comments ?

Get yourself updated!

 

[Shadow_Hunter]

current account's net balance is usually compensated from inflows in the capital account as dollar shortage is met from IMF,aids,loans or Remittances.
Interestingly for unknown reasons, Pakistan's GDP to domestic debt and GDP to foreign debt ratios have been stable in the first half of the year.

That would mean foreign debt is increasing at a very slow pace. Not enough investment/loans coming in. Situation is unsustainable and pakistan will default unless something is done. Ironically imf is considered as last option in such situations but pakistan has already exercised. Dunno what they can do now.

 

[SBD-3]

That would mean foreign debt is increasing at a very slow pace. Not enough investment/loans coming in. Situation is unsustainable and pakistan will default unless something is done. Ironically imf is considered as last option in such situations but pakistan has already exercised. Dunno what they can do now.

Rather FPI (Foreign Portfolio Investment) has been poring into Pakistan. FDI is picking up but its volume very low at the moment