How much reserves of gold Pakistan have?

[BetterPakistan]

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.

Like the way you indians have taken more than $300 Billion loan?

 

[Rank]

5 toolay lol

 

[Kaniska]

Like the way you indians have taken more than $300 Billion loan?

I am not sure ...But i will go by your information.Loan is not a bad thing...It is a part of economic process...You have to maintain a cash balance. Usually nations do investment with a loans which are provided with low intrest rates. Probelm comes up if loans are not utilized properly...

 

[Archie]

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

You were just boasting about the estimated gold buried deep under ground, if I am right

BTW read the below articles, they might make your eyeballs pop

Indians hoard 20k tonnes gold worth record $1.16 trn - Financial Express

Grubb: Indian Women Hold More Gold than the US Government - Got Gold Report

 

[BetterPakistan]

I am not sure ...But i will go by your information.Loan is not a bad thing...It is a part of economic process...You have to maintain a cash balance. Usually nations do investment with a loans which are provided with low intrest rates. Probelm comes up if loans are not utilized properly...

Yeah, that is what I am asking that you suggested us to take loans on that gold so I am asking that according to your suggestion we shall take loan like the way you have taken. Your country loan is still more than $300 Billion

 

[BetterPakistan]

You were just boasting about the estimated gold buried deep under ground, if I am right

BTW read the below articles, they might make your eyeballs pop

Indians hoard 20k tonnes gold worth record $1.16 trn - Financial Express

Grubb: Indian Women Hold More Gold than the US Government - Got Gold Report

For your information we are talking about gold that countries have for printing money. Your country intotal have 500+ ton gold reserves. Search it first and it will pop your eyeballs. USA has the most gold reserves which is 8000+. 18000 ton gold HAHAHAHAHA

 

[pursuit of happiness]

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

bbay RBI bough gold
‘Swap 200 tonnes gold RBI bought for dollars’ | Business Line

 

[AZADPAKISTAN2009]

Real question is how much GOLD is in average home of Pakistani family , every aunty seem to have at least 1 KG in their safe

 

[BetterPakistan]

Real question is how much GOLD is in average home of Pakistani family

A very interesting question. If we add all Pakistani's gold it would be more than what our government have,

 

[KingMamba]

Real question is how much GOLD is in average home of Pakistani family , every aunty seem to have at least 1 KG in their safe

Rob every aunty's Gold and pay off all of Pakistan's debt. Ingenious.

 

[Tayyab1796]

The fact is the intervention by the supreme court (rightly or wrongly) has scared the potential investors away ... very few investors were willing to come here in the first place (bcz of security issues and unwillingness of financial institutions to fund investment projects in here) and those who came were scared away by the puritan media (who in many cases don't know a dime about economics and market mechanisms) suo moto courts and corrupt to the core political class... so end result is those reserves lay there with no use to anyone... Theoratically if we cud back our currency with so much gold its value will appreciate tremendously but we wud never want to do it bcz it will cripple our export competitiveness (while a layman might be fed the logic that better economy means an appreciated rupee against dollar) ... what we shud instead opt for is a stable currency not an appreciated one.

 

[The SC]

Boosting forex reserves: Pakistan refuses to sell $2.7b worth of gold says IMF


ISLAMABAD: Pakistan has refused to sell gold worth $2.7 billion, citing national security reasons, as the International Monetary Fund (IMF) pushes Islamabad to convert the precious metal into cash to build foreign currency reserves, revealed the global lender’s report on Friday

Strong growth forecast

The IMF confirmed its recent forecast of 3.1 per cent growth this year, which was revised up from an earlier 2.8 per cent. “The overall economic situation in Pakistan is gradually improving,” said Jeffrey Franks.

“That 3.1 per cent may still be a bit on the conservative side, so we see indicators of growth that are relatively strong considering the fiscal adjustment that has taken place,” he told reporters on a conference call.

For the 2014-15 fiscal year, the IMF expected Pakistan’s growth to accelerate to around 3.7 per cent.

The IMF report said the growth was boosted by a stronger manufacturing industry thanks to an easing of Pakistan’s chronic electricity shortages, despite weaknesses in agriculture.

Boosting forex reserves: Pakistan refuses to sell $2.7b worth of gold says IMF – The Express Tribune

 

[livingdead]

Apart from ignorance of Economics; you also do seem to have Language Comprehension issues.
Where on Earth have I asked you to stop taking loans from the IMF ?

instead of arguing .. just sit back and enjoy the conversation.. OP specifically asked Indians not to post.
this thread could have been much funnier without Indians..

 

[BetterPakistan]

Rob every aunty's Gold and pay off all of Pakistan's debt. Ingenious.

Good Idea. Initiatives should be taken

 

[Bas_kya_bhai]

i am curiously waiting to see answer of the posted thread. all i understood is pakistan's foreign reserves 1.3 b$. gold 1340 t underground and 64 t on hand. its fiat money and rbp regulates the supply of money. now what do gold reserves do? what do foreign exc reserves do? there is no econmist on this forum, i guess.