Pakistan Rupee now at Rs 125.5 to a US dollar in Interbank Market

[illusion8]

So how long will it be till Pakistan has to declare bankruptcy?

Do countries declare bankruptcy? never heard that. Pakistan can keep selling its national assets and stay afloat.

 

[El Sidd]

Do countries declare bankruptcy? never heard that. Pakistan can keep selling its national assets and stay afloat.

and you are worried because?

 

[illusion8]

and you are worried because?

Not worried really, just amused.

 

[El Sidd]

Not worried really, just amused.

what else do you find amusing?

 

[illusion8]

what else do you find amusing?

A lot of things.

 

[SunilM]

Will they bypass reserve bank of pakistan for repayment of loans too ?

The repayment has to be made in dollars which are held by the sbp for the govt of pakistan, hence reserves will be depleted.

 

[El Sidd]

A lot of things.

care to share since you have already started the list with Pakistan's economy at Numero Uno

 

[DarkPrince]

what else do you find amusing?

I find you amusing Butt Sahib

 

[SunilM]

Do countries declare bankruptcy? never heard that. Pakistan can keep selling its national assets and stay afloat.

Well, its either when they default or approach the IMF, which should happen next month. Their net reserves are already in the negative and are afloat due to chinese largesse.

 

[El Sidd]

I find you amusing Butt Sahib

I should be in a zoo

 

[illusion8]

care to share since you have already started the list with Pakistan's economy at Numero Uno

Maybe some other time, currently, the Pakistani economy catastrophe is amusing.

 

[lastofthepatriots]

I should be in a zoo

No tomatar for you anymore.

 

[El Sidd]

Maybe some other time, currently, the Pakistani economy catastrophe is amusing.

glad we could help man...if you need anything else do tell

No tomatar for you anymore.

that is just religious discrimination now

 

[zip]

The repayment has to be made in dollars which are held by the sbp for the govt of pakistan, hence reserves will be depleted.

Forex reserves are usually used to import necessary items but here effectively pakistan using it's already diminishing forex reserves even for local infrastructure ? Compare it if tender was floated and some Pakistani company executes the work , It would have not only saved 60 billion in reserves(repayment) but also added another 60 billion (deposited loan)to reserves , am I right ?
No it would have saved 60 billion in reserves and can be used for repayment ..But pakistan forex reserve would have been stabilized ..

 

[newb3e]

129.5 open market!

129.5 open market!

thanks to army courts and awaam for supporting corruption and corrupt a holes!

in few days we will have no money and most of the great leader will pack their bags and leave boots coats and votes all in one flight out of Pakistan!