Pakistan's Forex reserves jump to $23.22bn

[xyxmt]

PTI govt should collect as much USDs as possible so when PMLN comes in power next election then Dar can subsidize rupee to 60 and claim another successful half term.

 

[FOOLS_NIGHTMARE]

Mashallah very happy on the milestone of achieving a record Forex reserve figure, still a long way to go. At the moment we stand at nearly half of Bangladesh Forex reserves, a country like Pakistan should have a Trillion Dollar Economy and reserves.

 

[AZ1]

Inshallah we will be at 40 Billion Mark before next election term and Rupee value at 75 Rupee for 1 Dollar (In Next 3 years)


Fully attainable Goal, people are working hard and also the Economic Zones construction will be completing


Inshallah in Next term of PTI / Imran Khan's Government it will be close to 75-80 Billion (Over 5 Year)

$40 billion looks unrealistic. I think we will be around 30-34 billion if all goes well.

 

[Norwegian]

Mashallah very happy on the milestone of achieving a record Forex reserve figure, still a long way to go. At the moment we stand at nearly half of Bangladesh Forex reserves, a country like Pakistan should have a Trillion Dollar Economy and reserves.

Missing Ishaq Dollar?

 

[FOOLS_NIGHTMARE]

Missing Ishaq Dollar

Who will you miss? At least the previous regime had a dedicated team apart from the usual BS propaganda. Depends on how you take it, glass half full or half empty scenario. With 50% devaluation at its peak the exports should have picked up and so should have the Reserves. Nevertheless with all the propaganda I still have more faith in the previous financial management.

 

[ziaulislam]

This is what I said. Nothing to celebrate

Your rserves are not dropping by $$$$ of dollars per year
This is something to celebrate
CAD is gone from 24b$ to surplus..this is huge turn around

 

[ziaulislam]

New FM wants growth..fine..but can you grow while keeping the CAD less than 2%

Remeber i said it before we kep CAD surplus which isnt needed you need to keep deficit in control, a surplus is an overkill

Any dificit less then 2% with strong reserves should be fine.

If govt is aiming strong growth it would be good idea to issue more bonds now to boast reserves and to aggressively engage with WB AB to streamline cheaper foreign inflows

Who will you miss? At least the previous regime had a dedicated team apart from the usual BS propaganda. Depends on how you take it, glass half full or half empty scenario. With 50% devaluation at its peak the exports should have picked up and so should have the Reserves. Nevertheless with all the propaganda I still have more faith in the previous financial management.

What do u mean by half fall
Jeez..is that how we take bankrupcy these days

No wonder pakistan has junk rating and got IMF backyard office

Do you even know what IMF stands for????
Someone needs to teach pakistanis what IMF is for?

Even if you acheieve 100% growth going to IMF means you are bankrupted..and bankrupcy means using a benjamin or ghandi notes rather then quaid-i-azam..i guess we as a nation have no shame

 

[Crimson Blue]

Mashallah very happy on the milestone of achieving a record Forex reserve figure, still a long way to go. At the moment we stand at nearly half of Bangladesh Forex reserves, a country like Pakistan should have a Trillion Dollar Economy and reserves.

I have to say there is no point increasing foreign reserves beyond this point as it would just make easier for next government to make reckless decisions such as taking loans against foreign reserves or using these reserves to artificiality keep prices of PKR low.

These reserves levels (plus annual remittances) are good for one year worth of imports. Any more inflows of foreign reserves can be used to pay back debt or refinance existing debt at favorable rates.

 

[Imran Khan]

reserves are increased to 23bn 520mn$ now

https://www.sbp.org.pk/ecodata/forex.pdf

 

[ziaulislam]

reserves are increased to 23bn 520mn$ now

https://www.sbp.org.pk/ecodata/forex.pdf

Only sbp reserves matter
Counting private reserves is a legacy of ishaq dar number fudging

 

[AZ1]

Only sbp reserves matter
Counting private reserves is a legacy of ishaq dar number fudging

how much forex reserve we will have right now?

 

[masterchief_mirza]

Buy vaccines, pay vaccinators, lock down the country.

Unless Khan achieves this, nobody cares what his forex reserves are. We're close to capacity on oxygen and beds. People in Pakistan don't seem to give a damn. It's all Eid haircuts, shopping and giggles as usual.

 

[Crimson Blue]

Counting private reserves is a legacy of ishaq dar number fudging

Really... .I did not know that. PML(N) is even more toxic to the coutry than I could imagine.

Do you have a link to any foreign reserve report prior to 2013 PML(N) time ?

how much forex reserve we will have right now?

Around $7 billion is held by private banks, I believe government can take it over in an emergency like in 1998's sanctions.

 

[Surya 1]

Pakistan's Forex reserves jump to $23.22bn

• The Central Bank's foreign exchange reserves, that closed above US$16 billion are now on the highest level since July 2017.

APP 15 Apr 2021




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ISLAMABAD: The foreign exchange reserves held by the country jumped by $2.54 billion to $23.22 billion as compared to $20.68 billion on weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On April 09, the foreign currency reserves held by the SBP were recorded at $16.106 billion compared with $13.527 billion in the previous week.
According to the central bank, the increase came on the back of official inflows and the proceeds of government's $2.5 billion Euro Bond issuance.
The Central Bank's foreign exchange reserves, that closed above US$16 billion are now on the highest level since July 2017.
Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $23.22 billion. Net reserves held by banks amounted to $7.114 billion.
Pakistan's Forex reserves jump to $23.22bn

Congrats khan saheb. There was a time when India had only 2 bn USD in her treasure. It seems that Pakistan is on righr track now.

 

[The Accountant]

See building reserves is easy. Any govt can take loans from various sources and rapidly build up reserves. What's tricky is how to maintain those reserves over a long period of time. This is where PPP, Pmln and even Musharraf govt failed. Lets see how PTI manages it by 2023...
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@ziaulislam @Patriot forever @Del @Tameem @Dual Wielder @Mav3rick

Net national reserves is a product of current account balance. What was current account balance as at june 18?