2nd week continuously pakistani foreign reserves increased

[Imran Khan]

https://twitter.com/x/status/1628768625204113408

 

[Riz]

kia hamary dollars anday dainy lag gay ?

 

[Imran Khan]

kia hamary dollars anday dainy lag gay ?

کون انکو پیسے دے رہا ہے زرا پتا لگاؤ بھائی

 

[Riz]

کون انکو پیسے دے رہا ہے زرا پتا لگاؤ بھائی

Theek sa nhi ginay hongay state bank walon na shart laga lo ap

 

[Sifar zero]

https://twitter.com/x/status/1628768625204113408

700 Million USD incoming this week.

 

[epebble]

Bankers said the rupee’s strength was not because the government or the central bank was influencing the exchange rate, but it was due to a strict policy of not allowing the opening of letters of credit (LCs) for imports. “The exchange rate is stable as the State Bank of Pakistan [SBP] does not allow outflow of dollars and importers can’t buy from banks,” Atif Ahmed, a currency dealer in the banking market, said. Bankers said importers had now resorted to the black market to buy dollars, which is leading to a stronger US currency in that market

Black market in dollars flourishes again​

Black market in dollars flourishes again

Pakistan will need another IMF bailout in June, says ex-SBP chief.

www.dawn.com

 

[WoKonTha]

Bankers said the rupee’s strength was not because the government or the central bank was influencing the exchange rate, but it was due to a strict policy of not allowing the opening of letters of credit (LCs) for imports. “The exchange rate is stable as the State Bank of Pakistan [SBP] does not allow outflow of dollars and importers can’t buy from banks,” Atif Ahmed, a currency dealer in the banking market, said. Bankers said importers had now resorted to the black market to buy dollars, which is leading to a stronger US currency in that market

Black market in dollars flourishes again​

Black market in dollars flourishes again

Pakistan will need another IMF bailout in June, says ex-SBP chief.

www.dawn.com

cant have a current account deficit if there's no economy left LOL. 4000 IQ move by Ishaq Dar and his handlers in GHQ

 

[epebble]

cant have a current account deficit if there's no economy left LOL. 4000 IQ move by Ishaq Dar and his handlers in GHQ

This is not entirely Dar and GHQ sailing the Titanic to the iceberg, at full speed. SBP is also doing day to day micromanaging. I thought they are professionals, But it is Amateur hour everywhere.

 

[ziaulislam]

https://twitter.com/x/status/1628768625204113408

Lol dar concept on counting reserves in private banks is ridiculously stupid which defies the concept of reserves itself..

 

[SoulSpokesman]

@ziaulislam

counting reserves in private banks

So if Pak were to utilise that forex, that would be amounting to confiscating private moneys, right?

Regards

 

[epebble]

@ziaulislam

counting reserves in private banks

So if Pak were to utilise that forex,

SBP is not even giving ForEx to legitimate importers who then are resorting to Black market. So, the word 'utilize' is already inoperable.

 

[AZ1]

china loan

 

[Riz]

700 Million USD incoming this week.

These morons have eaten 16 billion dollars of reserves in 9 months , yeh 700 million dollars to generals k munh ma zeera hain

 

[SoulSpokesman]

@epebble

SBP is not even giving ForEx to legitimate importers who then are resorting to Black market.

In a way would this not convert the 80% unaccounted money that Hakikat bhai (@Hakikat ve Hikmet) keeps talking about into hard currency?

Regards

 

[Olympus81]

Chinese loan came in. Pakistan probably put its SC and Parliament premises on collateral. Or we might find out Gwadar city was put on collateral.

No worries, business as usual.