Forex reserves rise to $20.40bln

[Norwegian]

Was it any different in Plmn or ppp?

Nope. Boom and bust

 

[FuturePAF]

Expected to increase firther after covid end

In Sha Allah

 

[Patriot forever]

Nope. Boom and bust

There is a boom and bust if your borrowing to supplement forex reserves is not backed by current account stability. There is a grave misconception about exchange reserves, which the change in it is nothing more than statement of balance between inflows and outflows over that particular period of time.

The major difference between previous situation and now is if current account is going in huge deficit ( coupled with increasing amount of interest payment), it is no longer possible to maintain a comfortable amount of reserves as it becomes extremely hard to acquire new loans (creditors become reluctant and deny additional funding citing stability) and leads to default. Not to mention the exponentially growth in debt which we call a debt trap. Which is what this government faced when it took office, due to Plmn policies.

 

[janu.bravo]

RDAs receive biggest daily spike in remittances since launch

KARACHI: Roshan Digital Account has set an all-time high for remittances from overseas Pakistanis, as it received more than $7 million in a single day .“Yesterday, inward remittances from...

www.thenews.com.pk

Here you go!

 

[Pakistansdefender]

damn still too low make it 40.20 not 20.40

Isi pe sabr shukar kerain. Though no one deny they are not low.. Atleast we should be equal to Bangaldesh'which is around 40 and you are right.
But seeing this is carona years. And what we went though last 50 years when the government has 6 months of reserves.
Considering that its still better then that.

 

[AZADPAKISTAN2009]

A good development , good news is always welcomed , we need to get to 55billion mark end of 5th year

 

[ziaulislam]

Was it any different in Plmn or ppp?

Grants and loans mate.

So why is current account positive ?
Current account doesnt include grant or loans

Vs being -24b$

I mean 25b $ swing is pretty big? Right?

Its been positive AFTER 15 YEARS

 

[ziaulislam]

A good development , good news is always welcomed , we need to get to 55billion mark end of 5th year

Not easy...if we hit 30b that would be a miracle (& good enough)

 

[ziaulislam]

ultimate goal of any govt is human development index and independence(not going to IMF)

HDI has three components, gdp per capital, education and health.

hence why PTI initiative of massive spending on health & health reforms cannot be ignored (still work needed ine ducation)

hence, why gdp growth isnt everything, gdp growth without health education is not what you want.

similarly gdp growth which isnt equitable is also not much beneficial, you want to look at indicators like gini index, tax regiment(so you can spend on health education) and job situation as well