How much reserves of gold Pakistan have?

[BetterPakistan]

Now you have absolutely convinced me about your language Comprehension problems......
Where did I even talk about Loans; nor did I say anything at all about taking or not taking any Loans...

You still didn't convinced me that you cleaned your mind. Go and check your comments

 

[punit]

Ya, is that why your RBI was selling it's gold reserves when Rupee went south about half a year ago?

really~! as per recent trends RBI is purchasing gold instead.

 

[Lil Mathew]

And I can see that you don't have any sense of Economics. Rather than asking us to stop taking loans from IMF stop your own politicians to take loans.

Every countries have gold reserves deposited under its soil.. But gold mining is not cheap and easy at all.. Just read this for a simple picture...
Business Standard
Many reserves are untouchable as its production cost is higher than selling cost..
When did India take IMF loan last time??
At a Glance - India and the IMF

Financial Assistance
While India has not been a frequent user of IMF resources, IMF credit has been instrumental in helping India respond to emerging balance of payments problems on two occasions. In 1981-82, India borrowed SDR 3.9 billion under an Extended Fund Facility, the largest arrangement in IMF history at the time. In 1991-93, India borrowed a total of SDR 2.2 billion under two stand by arrangements, and in 1991 it borrowed SDR 1.4 billion under the Compensatory Financing Facility.

 

[krishnathealien]

The way you guys have taken more than $300 Billion loan? There are 170 Gold and Copper reserves in Pakistan and this survey is done by many firms.I don't understand rather than concentrating on your country you guys come up here? Are you not allowed to speak in your own country?

Why are you getting annoyed ? If you don't like Indian comments, why there are so threads on India by Pakistanis ? FYI, In India, we have much more freedom of speech than in Pakistan.

 

[Pakistani shaheens]

Why are you getting annoyed ? If you don't like Indian comments, why there are so threads on India by Pakistanis ? FYI, In India, we have much more freedom of speech than in Pakistan.

You guys can post freely here in Pakistani forum, but one thing which piiisssseeeddd us and everyone off is that you guys contaminate and destroys each and every thread by the your mastery skills of trolling.
And by the way did you said that you guys have more freedom of speech than in Pakistan!. Try to remember that imam who was targeted by your media and criticized by your people simply because he didn't invited modi.

 

[krishnathealien]

You guys can post freely here in Pakistani forum, but one thing which piiisssseeeddd us and everyone off is that you guys contaminate and destroys each and every thread by the your mastery skills of trolling.
And by the way did you said that you guys have more freedom of speech than in Pakistan!. Try to remember that imam who was targeted by your media and criticized by your people simply because he didn't invited modi.

He was criticized for inviting another gentleman from across the border.

 

[Archie]

The way you guys have taken more than $300 Billion loan? There are 170 Gold and Copper reserves in Pakistan and this survey is done by many firms.I don't understand rather than concentrating on your country you guys come up here? Are you not allowed to speak in your own country?

Its because Indian Gold holdings stand at 18000 Tons

 

[Capt.Popeye]

You still didn't convinced me that you cleaned your mind. Go and check your comments

Its alright. I know that dealing with Angrezi can create its own problems. And I sympathise with that.

 

[BetterPakistan]

Every countries have gold reserves deposited under its soil.. But gold mining is not cheap and easy at all.. Just read this for a simple picture...
Business Standard
Many reserves are untouchable as its production cost is higher than selling cost..
When did India take IMF loan last time??
At a Glance - India and the IMF

Financial Assistance
While India has not been a frequent user of IMF resources, IMF credit has been instrumental in helping India respond to emerging balance of payments problems on two occasions. In 1981-82, India borrowed SDR 3.9 billion under an Extended Fund Facility, the largest arrangement in IMF history at the time. In 1991-93, India borrowed a total of SDR 2.2 billion under two stand by arrangements, and in 1991 it borrowed SDR 1.4 billion under the Compensatory Financing Facility.

The thing is that you guys take loans also. So, before criticizing us that we take loans you should first stop taking loans.

 

[BetterPakistan]

Why are you getting annoyed ? If you don't like Indian comments, why there are so threads on India by Pakistanis ? FYI, In India, we have much more freedom of speech than in Pakistan.

I hate foolish comments which doesn't have any sense and you guys keep on doing that.

 

[BetterPakistan]

Its alright. I know that dealing with Angrezi can create its own problems. And I sympathise with that.

Another foolish comment by you

 

[BetterPakistan]

Its because Indian Gold holdings stand at 18000 Tons

Hahahahaha what a nice joke. You guys have 18000 tons of gold? Give me a break man

 

[Capt.Popeye]

Every countries have gold reserves deposited under its soil.. But gold mining is not cheap and easy at all.. Just read this for a simple picture...
Business Standard
.

I think that I need to explain that to you.
All the Gold deposited in the soil is simply estimated as Mineral deposits. I.E. it is thought to be there, but cannot be exactly measured or counted. Actually, that may or may not even be there; in that quantity.

While all the Gold existing above the ground in the physical form of bricks etc are counted as a country's Gold Reserves, which can be seen and counted. All that is really there.

BIIIIG difference between the two things.

 

[niaz]

Are we totally living in ‘Cuckoo Land’? We are counting potential reserves of gold in the deposits yet to be exploited as if we had these in our bank vaults?

Per best of my info Reko Diq is primarily a low grade copper ore mine. It is basically a granite rock which contains small amounts of copper ore (Copper content is about 0.4% in this case). During the refining of copper, about 0.22 grams per ton of Gold would be produced. It takes time & money to exploit mineral resources. Rekodiq deposits have been in doldrums for the last 10 years and it is going to be a very long time before we get any benefit from it.

We have confirmed reserves of 85-billion tons of Lignite at Thar for the last 20 years; have we managed to get ant benefit from it as of now? If just having coal underground was enough, why are we building power plants based on imported coal? Please don't blame inefficient gov't. People in power are also members of the society; their greed & incompetency is a reflection of the society in general.

When would we stop counting chickens before they are hatched? But then we are a nation who likes to live on past glories and future riches. For Heaven’s sake wake up and face reality.

 

[Kaniska]

I think the thread posters should have asked that you can extract your Gold reserve, as use it as a guarantee, to the IMF to get big amount of loand for your infrastructure or required development activity.