Pakistan refuses to sell $2.7b worth of gold says IMF

[45'22']

Wrong
India has the Highest Private Gold Reserve
most of the 1000 Ton of gold purchased by India each year is purchased by private investors
USA has the highest National Gold Reserve

I guess China will beat US in National Gold Holdings as it liquidates some part of its US debt holdings into Gold which will likely be more acceptable

yeah i got that

 

[Archie]

the coming trade b/w Pakistan and india should be also done in local currency or gold exchange.

Well, some part of India Pak trade can be done in PKR and INR quite easily
at present the trade is 3 Billion USD
If Nawaz Sharif is smart then he can easily negotiate that Pak pays 500 Million USD of Import in PKR, and India can use that same PKR to pay for our import from Pakistan

I remember Zardari saying that Pakistan's export to India can touch 2 Billion USD from 300 Million USD at present, if trade talks are successful

so in future Pakistan could actually pay 2 Billion USD of import in PKR

Its quite similar to India's deal with Iran where India decided to pay part of its import bill in Rupees and Iran using the same Rupees to pay for its import from India
but it depends on the negotiation skills of Nawaz against NAMO