Who deposited almost $400 million in the state bank account?

[fitpOsitive]

Plea bargain is like : I stole your Rs 100, OK I will pay 50 paisas back.
400 million is nothing in comparison to what he looted.

 

[Morpheus]

It's most likely from exports. 400m is just peanut. It align more with export money, instead of nawaz money

 

[newb3e]

400 million usd ki nehari khaa gaya hoga noora harami!

 

[Hakikat ve Hikmet]

Eat the grapes, but don't ask where they came from - a Turkish saying

 

[The Accountant]

It's most likely from exports. 400m is just peanut. It align more with export money, instead of nawaz money

Cant be export. Our imports are much higher. It is either a loan, an investment or deposit by NS.

 

[PakSword]

Abhi aisi aur news sunnay ko milaingi in shaa Allah..

 

[Benign Persona]

if there is a deal expect investment from one of Arab countries in the near future.

 

[Morpheus]

Cant be export. Our imports are much higher. It is either a loan, an investment or deposit by NS.

You still get money from the exports. The working capital cycle. Think of that, and you will get an idea of what im talking about.

 

[The Accountant]

You still get money from the exports. The working capital cycle. Think of that, and you will get an idea of what im talking about.

Can you please avoid teaching my accounting?

Do you know government don't work on accrual based accounting and its cash based accounting. Therefore if government is saying that there is a gap of export and import then it is cash gap and not based on working capital adjustment.

Furthermore, 400 million is a huge money for inflow as we do not have such type of exports that can bring us a positive flow of Rs. 400 million in addition to our import export gap which is on average Rs. 250 million a week. I will not buy this as a result of routine trading account transaction.

Even if assume there was not a single import payment during the week even then our average export and inward remittances combined for a week is much lower than Rs. 400 million addition we are witnessing above.

So again it is a non-routine transaction and could be a loan, investment or payment by NS or any other corrupt person

 

[Morpheus]

Can you please avoid teaching my accounting?

Do you know government don't work on accrual based accounting and its cash based accounting. Therefore if government is saying that there is a gap of export and import then it is cash gap and not based on working capital adjustment.

Furthermore, 400 million is a huge money for inflow as we do not have such type of exports that can bring us a positive flow of Rs. 400 million in addition to our import export gap which is on average Rs. 250 million a week. I will not buy this as a result of routine trading account transaction.

Even if assume there was not a single import payment during the week even then our average export and inward remittances combined for a week is much lower than Rs. 400 million addition we are witnessing above.

So again it is a non-routine transaction and could be a loan, investment or payment by NS or any other corrupt person

Its about payment. Do you think importers from other countries just pay the money straight up. They take time. Also its not constant inflow/outflow.

Say, KSA has to pay Pakistan 800million, and we have to pay 400million. Instead of two transaction, we just ask KSA to transfer, 400million to us. Also look at the timing of the deposit, last week. It the same time, whole months export/imports are calculated, and then a single transaction is done.

It doesn't even have to be for 1 month, it could be for 2 months. And the government does operate on accruals bases. The whole world does. If its didn't, then reserves will be falling/rising everyday, not weekly or monthly bases.

Don't look at just one area of industry to generate 400million. It could be multiple, food, textile, meat, etc. Maybe all of this can add up to 400million in one or two month.

 

[The Accountant]

Its about payment. Do you think importers from other countries just pay the money straight up. They take time. Also its not constant inflow/outflow.

Say, KSA has to pay Pakistan 800million, and we have to pay 400million. Instead of two transaction, we just ask KSA to transfer, 400million to us. Also look at the timing of the deposit, last week. It the same time, whole months export/imports are calculated, and then a single transaction is done.

It doesn't even have to be for 1 month, it could be for 2 months. And the government does operate on accruals bases. The whole world does. If its didn't, then reserves will be falling/rising everyday, not weekly or monthly bases.

Don't look at just one area of industry to generate 400million. It could be multiple, food, textile, meat, etc. Maybe all of this can add up to 400million in one or two month.

Clearly u have no exposure of import and export at a top overall level.

Keep thinking whatever u want

 

[Morpheus]

Clearly u have no exposure of import and export at a top overall level.

Keep thinking whatever u want

Ok and you go be "The Accountant"

 

[ARMalik]

A few months back Saudis, Emeratis, etc. deposited a couple of billion US Dollars with SBP. Well do you guys seriously think that the Arabs will give away such money for free? It is highly likely that these were "installments" from these NS and Zardari fraudsters.

 

[Hareeb]

The rumor was first shared by a facebook page "بابا کوڈا" and others started copying it. The information cannot be verified by any other source so its unauthentic till now. Moreover, it seems like a series of transcations from increase in exports.

 

[Dark-Destroyer]

$400 mln is PEANUTS for these sharks

Thats the tip of the iceberg