SBP reserves critically low at $6.9 billion (practically zero)

[AZ1]

I would like to see where he said that, the context and what period he is referring. I would also love to know what policy he thinks Imran had to avert the crisis of Feb 2021. And what was the actual composition of the Internal destability being cause to international factors.

He increase the export and remittance that is solid fact if you dont believe it its your problem no one gonna change and if you would like to know how economy is working start following kamran khan twitter account and shows currently he is the one who is talking about economy rest is just imran khan, inflation hit 29% from 13,% yet its imran khan policy fault.

https://twitter.com/x/status/1600000872775176193

this is surely good for business and investment chal gaya country

https://twitter.com/x/status/1600004620318810112

 

[VCheng]

Im sorry but it was US conspiracy that caused the removal of the khan govt , i know this will increase the of your backside but this is the truth , even a barber of my town better aware of the master slave relationship of US and our generals

Yes, the problem is that Pakistan as a whole needs to rise above the level of conspiracy theories believed by barbers to get anywhere in the 21st century, and it is failing to do so.

Pakistan would not really have any issues have a revolving door to the capital to pay off the obligations if it had a positive basic CAD.

LOL. So the only policy you suggest is to be able to get more loans to pay off the old loans?

 

[AZ1]

LOL. So the only policy you suggest is to be able to get more loans to pay off the old loans?

ap dei do $ billions

 

[VCheng]

ap dei do $ billions

I was hoping for the $200 billion that IK mentioned he would recover from the thieves. That would have gone a long way in solving Pakistan's economic woes.

 

[Ssan]

LOL. So the only policy you suggest is to be able to get more loans to pay off the old loans?

Yes, and pay it off slowly over a number of years. Laugh all you want. This is probably the only solution left for us. Either that or default.

 

[VCheng]

Yes, and pay it off slowly over a number of years. Laugh all you want. This is probably the only solution left for us. Either that or default.

That is not a solution, since the amounts and costs of such borrowing are getting higher and higher in view of the rating agencies worsening assessments of the risk of default. Please keep in mind just how Pakistan finds itself in its current predicament in the first place.

 

[AZ1]

I was hoping for the $200 billion that IK mentioned he would recover from the thieves. That would have gone a long way in solving Pakistan's economic woes.

A true pakistani first let the looters loot the country and did nothing then get their hopes up by someone else to bring that money lol.

 

[VCheng]

A true pakistani first let the looters loot the country and did nothing then get their hopes up by someone else to bring that money lol.

You mean those that created NS and his family as political leaders, and then put them in and out of power as they wanted, while allowing them to loot and plunder? I agree. What about those who raised false hopes by saying they would recover this fantastically unbelievable sum of money? Let us be fair here. They all lie.

 

[PDF]

Along with political instability, what will be the impact of floods for our exports and imports too?

 

[VCheng]

Along with political instability, what will be the impact of floods for our exports and imports too?

Both imports and exports will fall for a period of time until the damages are recovered.

 

[Baburfromsarmarkand]

We should change the name of the country and start a new one, no longer tying us to old obligations. Businesses do this all the time.

 

[Ssan]

That is not a solution, since the amounts and costs of such borrowing are getting higher and higher in view of the rating agencies worsening assessments of the risk of default. Please keep in mind just how Pakistan finds itself in its current predicament in the first place.

Pakistan finds itself in this predicament not because of the above but because of running years of negative primary CAD. Our cost of debt has always been high.

 

[VCheng]

Pakistan finds itself in this predicament not because of the above but because of running years of negative primary CAD. Our cost of debt has always been high.

The cost of rolling over Pakistan's debt are getting higher and higher, specially recently. Pakistan is in this predicament because it has never been able to pay off loans faster than it has been rolling them over and over. This is unsustainable as a solution.

 

[Winchester]

The institution most responsible for this mess should be the one paying for this, not the aam awam.

Not sure why we need hundreds of Generals and Brigadiers especially if it is nothing better than Punjab Police with tanks.

 

[Ssan]

Again this is not rocket science. Even during tenure of PPP/ PMLN when primary CAD was not crazy- foreign debt as percent of GDP was going down even though total debt as percent was going up.

https://www.ceicdata.com/datapage/charts/ipc_pakistan_external-debt--of-nominal-gdp/?type=area&from=2011-06-01&to=2022-06-01&lang=en

Now to be clear there is a bit of hanky Panky in this graph that depends on the currency exchange rate. But the overall picture suggests that running a positive primary CAD / even small negative primary for a number of years will help us control the foreign debt.