Reserves cross $23 billion: Dar

[DJ_Viper]

Reserves cross $23 billion: Dar
July 01, 2016, 6:57 pm

This is good for Pakistan. Even the Western media highlighted the reserves situation, and the taxation revenue increase as the highest ever in the entire life of Pakistan. There was a small report on CNBC yesterday in business news. They predicted that Pakistan's stock market might double (again) in the next two plus years (granted peace, and stability remain in-tact inside Pakistan), and with emerging market status, the Pakistani ETF's have resulted in over $ 1.5 billion profit year over year for the past three years to global investors.

They also mentioned that with curbing down the Real Estate fraud, which is a 3+ Trillion dark-economy right now, additional taxation worth around half to one trillion may be achieved, along with including additional 3+ trillion rupees into the formal economy. Which would boost up the size of the "formal" economy overnight (once big fish abusing the real estate market are brought into the Taxation system this year). These are extremely positive news and will result in billions of additional investments into Pakistan's stock market. Good work and a bright future is coming finally to Pakistan.

 

[Danish saleem]

Funds taken on account of loan and aid should not be treated as reserves!

Brother,

i hope u know what is current account, and when ever credits increases as compere to debits, the balance of that account increase and its natural.

 

[jermankill]

69558 USD Million
69.558 USD billions[/QUOTE

per year 1 billion almost
this is nothing

Meri jaan may mai thori increase ho gai tou kia hua?

Compare our Export-to-GDP ratio to other regional countries such as Bangladesh and India. We are doing very poorly Imran bhai.

we fighting from last 15 year which India and BD
or not compare this also bro

 

[BetterPakistan]

u have any alternate ??

the country suffering with Power crises, never able to increase its export till that power crises!

We suffered from the worst electricity crisis from 2008-13, did our exports declined? Hell, no
Pakistan exports increased between 2008-13 so electricity shortage isn't the reason.

In 3 years of present govt, Pakistan exports decreased from $25 billion to $18 billion. We cannot blame electricity shortage for it. The reason is something else.

Come up with something logical at-least.

 

[Danish saleem]

We suffered from the worst electricity crisis from 2008-13, did our exports declined? Hell, no
Pakistan exports increased between 2008-13 so electricity shortage isn't the reason.

In 3 years of present govt, Pakistan exports decreased from $25 billion to $18 billion. We cannot blame electricity shortage for it. The reason is something else.

Come up with something logical at-least.

bro,

exports of every country decreased during last 3 years because of continuous decrease in oil prices and decrease in raw material prices.

 

[PAKISTANFOREVER]

Slowly but surely, like a phoenix, Pakistan will rise from the ashes and become a nation like our brother nation, Turkey in 20-30 years from now. CPEC and other programs will ensure this.

 

[ghazi52]

 

[bazil]

i am agree sir but i see its still better then ppppppppppp

You should here Asad Umers Budget Speech. According to their own figures Foreign Direct Investment is below PPP Govt levels.

On another note.
1.No significant advantage in exports has been brought from the GSP Plus status.
2.the biggest advantage of PMLN is the global fall in oil prices; besides dasu,bhasha,neelum jhelum most energy project are coal, furnace oil based.
3.Most of these increased reserves are loans, which have to be paid back.
4.The biggest issue is income tax revenue collection. Other types of taxes impact the poorer classes disproportionately. They did do a banking WHT initiative to get people to file taxes but that backfired as traders started protesting.

 

[BetterPakistan]

bro,

exports of every country decreased during last 3 years because of continuous decrease in oil prices and decrease in raw material prices.

let me again correct you bro.

As per Worldbank in 2014, the following countries exports were increased by the following % of exports:-

Australia 5.8%
Bangladesh 3.2%
Belgium 5.4%
Canada 5.4%
Denmark 2.6%
France 2.4%
Germany 4%
Iran 12%
Indonesia 1%
Korea,Rep 2.8%
Luxembourg 6.8%
Malaysia 5.1%
Nepal 23.7%
Poland 6.4%
Saudi Arabia 1.7%
Turkey 6.8%
UAE 8.2%

You can verify it right here dude :- WorldBank