Foreign exchange reserves all-time high at $20 billion

[Erroroverload]

 

[Kambojaric]

Wrong. The reasons are (and I think in proper order) :

1. Low oil prices (now less dollar spent on buying oil which was a big part of import bill).
2. Higher remittances. (During PPP gov, people left pakistan like crazy, now these people are sending money back after settling abroad)
3. Loans.
4. Receipts from privatization.

Good point about remittances and oil. In 2014 the amount of remittances went up to $17b

We can only expect this amount to increase on yoy basis as more and more Pakistanis are flocking out.

 

[ice_man]

eurobonds are used to shore up the foreign currency reserves in order to stabilize the currency.

However, exporters wish for the currency to be devalued.

 

[Ryuzaki]

acche din for Pakistan

 

[ziaulislam]

can't they use it for some major projects.

why not fund the 1.5Billion dollars Pakistan Iran Gas Pipeline with this?which in return can provide us with 4000MW of power

good question for ordinary person but why are you asking it?

answer is pretty straight forward..
they are offering crazy expensive bonds at 8% (you willpay off double amount in 8 years when bond mature). this is unfeasible for many projects or atleast very expensive, its way better to get them done via asian bank and privitzation..!

so if its too expensive for many projects than why are we offering bonds..
because IMF is forcing us to do so, its one of their bench mark requirement..!

in end when the bond matures after 10 years and govt didnt correct itself (which it hasnt look at the exports) our econmy will crash again

so over all govt failure in many fields is translated into this getting expensive bonds

exports are gone down in pakistan probably for the first time

 

[Lin Jim]

I want to learn Urdu. Who could give me some materials of Urdu?

 

[Sugarcane]

I want to learn Urdu. Who could give me some materials of Urdu?

Learn Urdu Language