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Heavy borrowings: Reserves set to rise to $21b for first time

“Pakistan’s net reserves are around $2 to $3 billion if we exclude the borrowing from the overall reserves,” said former Finance Minister Senator Saleem Mandviwalla, who is also chairman of Senate Standing Committee on Finance and Revenue
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We have multiple large grand scale Energy Projects in pipe line , to make 10,000 MW energy when completed

The solar, wind, LNG power plants are fine, but the coal-fired plants should simply not allowed. They are heavily polluting. China is offering help with coal power plants. Ask them a simple question - then why are phasing them out in 2020?

We have CPEC industrial zone which will motivate trade industry

Don't know about the status, so cannot comment.

The Surplus in Reserve is 21 Billion (Again a huge positive)

The reserve includes money from loans, the recent bond-selling spree, and FII investment which are all liabilities. For the first two, Pakistan will actually have to pay hard currency as interest payments.

Oil prices are down so our economy will likely grow further due to reduce oil prices I hope we store as much as possible

True. No need to store though, just shop for better deals!:-)

Russia is building gas line between Karachi and Lahore , again huge positive

Didn't know about that one. Should reduce overheads and make gas cheaper. Also helps make better case for international connectivity.

Gwadar is in Chinese hands and in 1-3 years max they will likely make it busy as Singapore hub

Give it time. Not much ever happens in 1-3 years anywhere. Singapore took a good 30 years.

While not forgetting the power projects in KPK and Sindh's nuclear plants

Again, hopefully no coal plants. What's the point of building power plants to pollute the environment?
 
The solar, wind, LNG power plants are fine, but the coal-fired plants should simply not allowed. They are heavily polluting. China is offering help with coal power plants. Ask them a simple question - then why are phasing them out in 2020?

True. No need to store though, just shop for better deals!:-)

Again, hopefully no coal plants. What's the point of building power plants to pollute the environment?

Coal power plants are very important for Pakistan. We should have built coal powered plants way before the massively expensive and foreign dependent oil based power plants. Coal is a local product after all.
As far the environment goes maybe you need to lobby your own gov before you start advising us. We need to develop and for that we need energy, -loads of it- coal is the cheapest and domestic it should be the first priority- obviously after hydro though.

As far oil, yes we do need to store it, first because prices are low and second in case there is a war. Strategic oil reserves is a must -and the more the better.
 
Bhaijaan is 20% growth expectations achievable? Can you imagine the # of policy decisions need to be taken and BOLD initiatives required even to reach 10% by mistake?

Just asking, no offence.

Revenue growth of Pakistan in the last 2 years was 16% and 12-13% respectively.

I don't have the numbers of the first quarter of this year yet though if i remember correct the growth of tax collection was over 17% in july.

last month tax collection witnessed 22% growth rate.For this year i expect the revenue growth rate of 18% against the target of 24%

22 percent increase in tax collection registered @ Pakistan Herald
 
As far the environment goes maybe you need to lobby your own gov before you start advising us.

Good advice should be heeded, not returned pro-bono. If you poison the environment in the name of development, future generations will treat you as the villains - or is it considered okay in Pakistan to be considered as villains for future generations?

second in case there is a war.

Aah, there we go again, war, war war, and then some more war. If there is a war, there will be no tomorrow left to salvage, your government's nuclear doctrine has ensured that. So war is not an option - don't be delusional.
 
I tried this once in my life where I kept saving my pay in a cash reserve account and kept spending from my credit cards. I was so happy when my saving went up by 100,000 in just one year and I thought I might have discovered a new way of saving money. I was so excited that I decided that now I will right a book on get rich fast and have a TV shows about and just when picked up pen and paper to start writing my phone rang...creditors started calling and calling and finally I gathered some courage and looked at my bills and to my utter surprise my billed totaled 20 thousand more than my savings....ah this darn financial system doesnt let you win....my theory down in the gutter.

please convey my regards to accountant turned politician turned finance minister...but does he give a fcuk its not his money....but its his Surma.
 
As far oil, yes we do need to store it, first because prices are low

You need to understand the reasons oil prices are low and will continue to remain low. This is due to the production glut - shale oil has made sure that oil prices will only go down in the forseeable future, not up. Anyone storing oil at current prices will be a loser, it will get much cheaper.
 
Good advice should be heeded, not returned pro-bono. If you poison the environment in the name of development, future generations will treat you as the villains - or is it considered okay in Pakistan to be considered as villains for future generations?

We will direct the future generations to the biggest polluter in the region i-e India.
If you are so bothered about environment, pollution and all. Then start from yourself stop consuming and most importantly don't produce any kids, we need a half child policy for India (for atleast the next fifty years) to have any chance in the world of saving the environment for future gens.



Aah, there we go again, war, war war, and then some more war. If there is a war, there will be no tomorrow left to salvage, your government's nuclear doctrine has ensured that. So war is not an option - don't be delusional.

Yes wars. We got to be prepared for it because we have a war-mongering bully as our next door neighbor.
And for nuclear war, well we all hope it never comes to that but even after a nuclear war there will be people and there will be a need to survive. A full scale Nuclear war means destruction of all major cities, it doesn't mean a destruction of everything living, a lot of people will survive especially in rural areas and there should be planning even for the day after the nuclear war.
 
We will direct the future generations to the biggest polluter in the region i-e India.
If you are so bothered about environment, pollution and all. Then start from yourself stop consuming and most importantly don't produce any kids, we need a half child policy for India (for atleast the next fifty years) to have any chance in the world of saving the environment for future gens.

You are just assuming. Since evidently I am not as ill-read as you are, maybe I already contribute my meaningful bit to society. As for children, it was never quantity, but quality, that mattered. While it is true that I have decided against having kids of my own, if it became a choice, society would obviously prefer that I procreate instead of a half-wit like yourself.

Yes wars. We got to be prepared for it because we have a war-mongering bully as our next door neighbor.
And for nuclear war, well we all hope it never comes to that but even after a nuclear war there will be people and there will be a need to survive. A full scale Nuclear war means destruction of all major cities, it doesn't mean a destruction of everything living, a lot of people will survive especially in rural areas and there should be planning even for the day after the nuclear war.

So you think that a nucear war is winnable? That notion was discarded by the world in the 60s. Ever heard of MAD? Each word you write makes you appear less bright.
 
You need to understand the reasons oil prices are low and will continue to remain low. This is due to the production glut - shale oil has made sure that oil prices will only go down in the forseeable future, not up. Anyone storing oil at current prices will be a loser, it will get much cheaper.
Maybe not.

You need to actually take your advice and do a bit more research into why oil prices are down.
I will give you some hints.
Check how much is the life span of a shale-oil well, how much you need to invest to get one going and whats the return.
Second it's got more to do with the Saudi oil policies and more specifically their refusal to cut down production levels, (although that policy did misfire).
Come back with these figures and we can discuss it further, although I would prefer if you make a separate thread for that. As I don't want to be blamed for derailing this thread.
 
Maybe not.

You need to actually take your advice and do a bit more research into why oil prices are down.
I will give you some hints.
Check how much is the life span of a shale-oil well, how much you need to invest to get one going and whats the return.
Second it's got more to do with the Saudi oil policies and more specifically their refusal to cut down production levels, (although that policy did misfire).
Come back with these figures and we can discuss it further, although I would prefer if you make a separate thread for that. As I don't want to be blamed for derailing this thread.

I will not do any more research. Being an investment advisor in commodities, that is my daily job. Thanks for the tips though. Prices are not going up. Any decision to reduce OPEC supply will be met with a surge in production from Russia and US. Plus Canada has not even tapped its shale so far - and they have more of it than the US.
 
You are just assuming. Since evidently I am not as ill-read as you are, maybe I already contribute my meaningful bit to society. As for children, it was never quantity, but quality, that mattered. While it is true that I have decided against having kids of my own, if it became a choice, society would obviously prefer that I procreate instead of a half-wit like yourself..

So when you run out of arguments you start throwing insults, I will not let myself be brought down to your level, so all your personal insults will be ignored. If you got a point then come with facts and figures, otherwise I am not interested in a pis sing contest

So you think that a nucear war is winnable? That notion was discarded by the world in the 60s. Ever heard of MAD? Each word you write makes you appear less bright.

Winnable or not. There will be survivors and there will be life on the day after that's the bottom line.
What they do either to continue the war or scrap to survive will be upto them.

I will not do any more research. Being an investment advisor in commodities, that is my daily job. Thanks for the tips though. Prices are not going up. Any decision to reduce OPEC supply will be met with a surge in production from Russia and US. Plus Canada has not even tapped its shale so far - and they have more of it than the US.
Again do research on how much time it will take the Canadian to tap their shale-oil. Bear in mind the Saudis can reduce supply almost overnight.

Commodities advisor or not, you haven't really got an understanding of the oil politics.
 
Winnable or not. There will be survivors and there will be life on the day after that's the bottom line.
What they do either to continue the war or scrap to survive will be upto them.

You are a guy who thinks oil prices will go up, coal-based power plants are a good idea, and that nuclear war has an aftermath that we should bother with. I repeat - you should not breed. It will not be good for humankind. And that is the end of this discussion for me. Don't waste any more of my time.

Again do research on how much time it will take the Canadian to tap their shale-oil. Bear in mind the Saudis can reduce supply almost overnight.

Commodities advisor or not, you haven't really got an understanding of the oil politics.

Their is a 3 bn barrel supply of crude that is waiting to find buyers. No one is willing to buy. The oil surplus is piling up. Unless American firms cut production, oil will fall below $20 before the middle of next year. Keep your voodoo economics to yourself and do not further delude this forum. PDF is an epicenter of voodoo economics as it is. It does not need another know-all hocus-pocus economist.
 
You are a guy who thinks oil prices will go up, coal-based power plants are a good idea, and that nuclear war has an aftermath that we should bother with. I repeat - you should not breed. It will not be good for humankind. And that is the end of this discussion for me. Don't waste any more of my time.

Well I commend you one thing atleast you have decided not to make more like yourself, I hope you will spread this message to more Indians and the planet will be saved from the impending disaster of Indian population explosion.
This is even more dangerous than a nuclear war.
Their is a 3 bn barrel supply of crude that is waiting to find buyers. No one is willing to buy. The oil surplus is piling up. Unless American firms cut production, oil will fall below $20 before the middle of next year. Keep your voodoo economics to yourself and do not further delude this forum. PDF is an epicenter of voodoo economics as it is. It does not need another know-all hocus-pocus economist.

Again you are throwing around without doing any research. Any new oil needs to be drilled and then a supply network established for, that is not happening right now coz the price is too low.
Even the already established shale-oil wells are losing money, the situation is unsustainable, if oil prices continue to decline there will be major bankruptcies in the shale-oil market.
You should know this if you are quarter as knowledgeable as you are portraying yourself to be.
 
Well I commend you one thing atleast you have decided not to make more like yourself, I hope you will spread this message to more Indians and the planet will be saved from the impending disaster of Indian population explosion.
This is even more dangerous than a nuclear war.


Again you are throwing around without doing any research. Any new oil needs to be drilled and then a supply network established for, that is not happening right now coz the price is too low.
Even the already established shale-oil wells are losing money, the situation is unsustainable, if oil prices continue to decline there will be major bankruptcies in the shale-oil market.
You should know this if you are quarter as knowledgeable as you are portraying yourself to be.

Bla bla bla, the oil glut is happening right now, moron. Not in some hypothetical future. And as for your breeding plans, spare the world another regressionist, fossil-fuel obsessed dimwit. Trust me you will be doing the world a favour.
 

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