Pakistan's Forex reserves jump to $23.22bn

[Abdulrehman 2978]

Miaan saanp key door mei 1 trillion تھے. Nalaiq imran khan. #Shukriya_MNS

 

[HalfMoon]

Best time to increase the defence budget and get couple of squadrons of SU-35

 

[Mrc]

What if it crosses $30-32 billion ? Still bye bye PTI ?

If yes, then bring whom ? Those whose only accomplishment was to reduce our exports from 24 billion to 10 billion ? Good luck with that.

We don't need a quick rise to 35-40 billion and than continuous reduction for next 5 years. Instead we need a gradual increase of atleast $ 2 billion per annum but with consistency.

Meri jaan... Pti have to show something after 5 years.... Whole focus has been on increasing exports and if after 5 years exports are still dwindling and exchange reserves are not beyond imagination.... Than prepare to be punished heavily in polls....

 

[StraightEdge]

Is it so low? That's less than Bangladesh, if I am correct.

 

[HalfMoon]

it should be 40 plus when PTI term ends or bye bye politics PTI

PMIK and PTI should continue at least until 2040.

PMIK is Allah's (swt) gift to Pakistan.

Is it so low? That's less than Bangladesh, if I am correct.

LOL Unlike Bangla's Pakistanis are rich.

Most of Pakistan's economy is undocumented hence it does not reflect on paper.

 

[RealNapster]

Meri jaan... Pti have to show something after 5 years.... Whole focus has been on increasing exports and if after 5 years exports are still dwindling and exchange reserves are not beyond imagination.... Than prepare to be punished heavily in polls....

1. We have seen atleast 10% increase in exports while imports saw atleast 25-30% decrease just in 2.5 years. Even with covid-19 in action which literally destroyed economies of countries.

2. Even if above still do not make you happy and If not PTI, then who should we vote ?

Best time to increase the defence budget and get couple of squadrons of SU-35

SubhanAllah

 

[Imad.Khan]

Best time to increase the defence budget and get couple of squadrons of SU-35

Even though Su35 is an amazing plane, i would prefer Pakistan spent the money on manufacturing its own defence products, or joint effort in the Turkish TFX or Chinese J31 programs. Much better value for money in the long run.

 

[Norwegian]

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

See I was right it should be above 23

Maybe 2024.. .. If current trends continues as well as current party in govt

Pakistan should target 150 Billion Dollars no point talking about amount if less then 100 billion

it should be 40 plus when PTI term ends or bye bye politics PTI

You wish

If Pakistan was like Rome Sharif and Zardari along with families would have been murdered by the Senate.
On a serious note commendable achievement by Khan and Co against the odds.

So either PTI gets us to 40 billion or you guys go back to Nawaz and Bhutto's who took us to 8 billion?????

Miaan saanp key door mei 1 trillion تھے. Nalaiq imran khan. #Shukriya_MNS

Best time to increase the defence budget and get couple of squadrons of SU-35

Is it so low? That's less than Bangladesh, if I am correct.

Even though Su35 is an amazing plane, i would prefer Pakistan spent the money on manufacturing its own defence products, or joint effort in the Turkish TFX or Chinese J31 programs. Much better value for money in the long run.

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...

@ziaulislam @Patriot forever @Del @Tameem @Dual Wielder @Mav3rick

 

[ziaulislam]

Pretty easy keep CAD less then 2% in deficit

And

Dont print fake notes that leads to CAD
Patwaris might ask why not get more loans
Sir, people refuse to lend u anthing until few weeks ago

But but economy was booming our spending was all time high so our gdp growth was high

Ever wonder why certain africam countries grow 20% one year and contract 10% next yr...they have too many patwaris

 

[Norwegian]

Ever wonder why certain africam countries grow 20% one year and contract 10% next yr...they have too many patwaris

Too many stunted growth

 

[Norwegian]

Pretty easy keep CAD less then 2% in deficit

And

Dont print fake notes that leads to CAD
Patwaris might ask why not get more loans
Sir, people refuse to lend u anthing until few weeks ago

But but economy was booming our spending was all time high so our gdp growth was high

Ever wonder why certain africam countries grow 20% one year and contract 10% next yr...they have too many patwarisView attachment 734535

Meanwhile Patwaris be like: Imran Khan destroyed economy

 

[Riz]

Thanks FATF, now we have some control over hundi hawala which is helping our economy

 

[Baby Leone]

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...
View attachment 734529View attachment 734530View attachment 734531
@ziaulislam @Patriot forever @Del @Tameem @Dual Wielder @Mav3rick

thats is what you need to understand unlike previous govts this time reserves are increasing not because of loans further none of the country take loans to increase reserves lol

Pretty easy keep CAD less then 2% in deficit

And

Dont print fake notes that leads to CAD
Patwaris might ask why not get more loans
Sir, people refuse to lend u anthing until few weeks ago

But but economy was booming our spending was all time high so our gdp growth was high

Ever wonder why certain africam countries grow 20% one year and contract 10% next yr...they have too many patwarisView attachment 734535

ur 2016 num includes reserves with com banks too while for 2018 num you have excluded their reserves and only showing SBP reserves again for 2021 you are not showing total reserves but only SBP reserves

it should be above 40 for god sake we are too low

not 40 but for a country like Pakistan it should be above 100 but our previous govts mis used reserves.

 

[[--Leo--]]

To be honest Net Reserves are just 13.527 billion $ + 2.5 EuroBonds = 16 + 7.1 Billion $ Net Bank Reserves = 23 Billion bs euro bonds ka kamal ha bhai baki economy wahi pe pe it is just a loan so stop celebrating

 

[Norwegian]

To be honest Net Reserves are just 13.527 billion $ + 2.5 EuroBonds = 16 + 7.1 Billion $ Net Bank Reserves = 23 Billion bs euro bonds ka kamal ha bhai baki economy wahi pe pe it is just a loan so stop celebrating

This is what I said. Nothing to celebrate