Pakistan's foreign reserves slide continues

[Hareeb]

Try and understand. Ishaq Dar has misled the country and his cronies are fudging the figures. The net SBP reserves as on date are 7.6 billion dollars. Thats not enough for 2 months of Import.

Currency swap and forward contracts are not termed as short loans till its a forward forward contract but it will also happen in future. The terms are wrongly used in Op.

http://www.businesstoday.in/current...h-at-73-in-2018-19-modi-gst/story/267631.html

World Bank says India's GDP to grow at 7.3% in 2018-19

Hyped growth due to change in base year.

 

[BHarwana]

Big bad loan monster is eating away India’s economic growth: IMF

http://www.financialexpress.com/eco...ating-away-indias-economic-growth-imf/985665/

 

[Mr.Nair]

India has $411 billion foreign reserves and Indian has to pay $658 billion for past projects Indian will apply loan this year as well this is going to increase Indian debt massively. Plus India is taking heavy loans from UAE for infrastructure If UAE stops giving those loans Indian infrastructure will suffer badly.

Your only reliable partner is in big mess, 210% debt to GDP....God knows what will impact to pakistan

http://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-GRAPHIC/0100315H2LG/

 

[N.Siddiqui]

And thats why his party is at extinction like a rare species in India now.Waiting for full extinction

This is the point, and this is point of grave concern for India...need to ponder about it.

When the whole nation has fallen prey to Hindutva ideologue, the supremacist Hindu renaissance and revival, the old golden period coming back type of thoughts...than this is pretty understandable.

This should be a concern for the educated, secular minded Indians and not to take pride in it. Such ideologue breeds on ignorance, vengeance, falls pride and falls dream...it is not about leftist and rightist politics, it is about right and wrong.

Grave repercussions can happen in India if fascist, extremist thoughts keeps on getting stronger by the day...just check the intolerance level for even criticism...not mentioning other religious, region related issues, divide.

 

[Mr.Nair]

Currency swap and forward contracts are not termed as short loans till its a forward forward contract but it will also happen in future. The terms are wrongly used in Op.


Hyped growth due to change in base year.

sour grapes, yes imf,world bank data false, corrupt congress right !

This is the point, and this is point of grave concern for India...need to ponder about it.

When the whole nation has fallen prey to Hindutva ideologue, the supremacist Hindu renaissance and revival, the old golden period coming back type of thoughts...than this is pretty understandable.

This should be a concern for the educated, secular minded Indians and not to take pride in it. Such ideologue breeds on ignorance, vengeance, falls pride and falls dream...it is not about leftist and rightist politics, it is about right and wrong.

Grave repercussions can happen in India if fascist, extremist thoughts keeps on getting stronger by the day...just check the intolerance level for even criticism...not mentioning other religious, region related issues, divide.

The govt has been choosen by people and no outsiders do any crocodile tears for us

 

[N.Siddiqui]

The govt has been choosen by people and no outsiders do any crocodile tears for us

As many in Pakistan says...Modi is the best thing that has happened to Pakistan, this was even said by ex DG ISI, Hameed Gul, in an interview.

So best of luck....

 

[Samlee]

India has $411 billion foreign reserves and Indian has to pay $658 billion for past projects Indian will apply loan this year as well this is going to increase Indian debt massively. Plus India is taking heavy loans from UAE for infrastructure If UAE stops giving those loans Indian infrastructure will suffer badly.

India Plans Massive Borrowing

https://scroll.in/article/863050/de...dia-will-borrow-rs-50000-crore-more-this-year

 

[Mr.Nair]

As many in Pakistan says...Modi is the best thing that has happened to Pakistan, this was even said by ex DG ISI, Hameed Gul, in an interview.

So best of luck....

Sarcasm, any way still thank you

 

[Hareeb]

sour grapes, yes imf,world bank data false, corrupt congress right !

Congress? No! Its economics.

 

[Samlee]

As many in Pakistan says...Modi is the best thing that has happened to Pakistan, this was even said by ex DG ISI, Hameed Gul, in an interview.

So best of luck....

Actually He Is He His Beef Ban Has Decimated Leather Footwear and Beef Exports Than DeMo Obliterated Small Businesses Than GST Caused More Pain For Them Especially Textiles,EU Banned Indian Rice For Overuse of Pesticides And Finally India's Buddy Trump's H1B Visa Policy Is Going To Wreak Havoc With Indian IT

Trust Modi Has Been Great

 

[Chaosmaster]

With an external debt of $ 495.7+ billion.

Yes but its not us who are getting warning from world bank and moody's that our external debt could poze a problem for us neither we had to devalue our currency to secure a loan from IMF.

 

[Mr.Nair]

Actually He Is He His Beef Ban Has Decimated Leather Footwear and Beef Exports Than DeMo Obliterated Small Businesses Than GST Caused More Pain For Them Especially Textiles,EU Banned Indian Rice For Overuse of Pesticides And Finally India's Buddy Trump's H1B Visa Policy Is Going To Wreak Havoc With Indian IT

Trust Modi Has Been Great

Every year keep on growing...with hue and cry by some,look at the size(154 billion dollar) and compare with pakistan !

Congress? No! Its economics.

That's called opposition party economy

 

[captainvancouver]

Actually He Is He His Beef Ban Has Decimated Leather Footwear and Beef Exports Than DeMo Obliterated Small Businesses Than GST Caused More Pain For Them Especially Textiles,EU Banned Indian Rice For Overuse of Pesticides And Finally India's Buddy Trump's H1B Visa Policy Is Going To Wreak Havoc With Indian IT

Trust Modi Has Been Great

Thanks for the great analysis. I'll pass this on to our economists so we can act on your expert advise.

BTW this topic is about how you're burning through your foeign reserves. At the pace you're going you should hit zero in a year otr two. That is a scary thought.

 

[Chaosmaster]

MMS was the real economist, doing zillion times better than just 'Jumla baazi' by the Modi and the jetley(read jet lies)

Isn't this the reason even Indians call Modi 'feku'...an expert in skulduggery, divisive politics, one liner 'jumlas' of him are good though...for the gullible, naive Indians, fallen prey to it.

I agree with you, MMS was the real economist, probably the most important and valuable in india. He saved the country from a crisis is 1991 when he introduced new economic policy.
But that is it. nothing more. he wasn't a good PM, it was Sonia that was ruling, MMS was just in the seat, a puppet. the country did witness high growth number in the mid of UPA year but at one point our inflation rate was higher that gdp growth rate. That's not a good sign. India needed structural level change and that's what Modi govt gave us. And with this level of reforms the economy will take a dip for a short period of time just like it did in 1992 but then came back up. Same is happening now.
MMS was a good economist. But lets not forget he is a politician as well and modi became the PM by snatching the seat from him so he will say anything in the favor of this govt. and it would be wise on ur part as well to find a credible source to present the economic situation of india like business standard, economic times or international banks and institutes.

This is the point, and this is point of grave concern for India...need to ponder about it.

When the whole nation has fallen prey to Hindutva ideologue, the supremacist Hindu renaissance and revival, the old golden period coming back type of thoughts...than this is pretty understandable.

This should be a concern for the educated, secular minded Indians and not to take pride in it. Such ideologue breeds on ignorance, vengeance, falls pride and falls dream...it is not about leftist and rightist politics, it is about right and wrong.

Grave repercussions can happen in India if fascist, extremist thoughts keeps on getting stronger by the day...just check the intolerance level for even criticism...not mentioning other religious, region related issues, divide.

Our social structure is a concern for us but don't worry it wont take a toll on our economy, we Indians have gotten over communal things and this too shall pass and authorities will take actions since the voice of journalists still echoes and cant be curbed.
On the same note I can ask you to look in the mirror since Pakistan has this habit of putting all their eggs in one basket, earlier it was American basket and now its Chinese. worry about what potential this holds instead of worrying about our social incidents which are declining in number day by day as police swings in action.

 

[Samlee]

Thanks for the great analysis. I'll pass this on to our economists so we can act on your expert advise.

BTW this topic is about how you're burning through your foeign reserves. At the pace you're going you should hit zero in a year otr two. That is a scary thought.

OK B'Fore You Start F*pping Over The Idea Of Pakistan Running Out Of Money You Better Read This

Ok Here Are Some Things Pakistan Can Readily Do
1.According To SBP and NBP Officials About $20 to $30 Billion Dollars Remittances Come To The Country Via Hundi.Strong Crackdown Against Hundi And Redirect These Funds Through Banking Channels Will Effectively Turn Any Deficit Into Surplus
2.An Amnesty Scheme On The Lines Of Argentina and Brazil Will Yield $20 Billion In Forex Reserves and $3.5 Billion In Tax Revenue At 8.5% Immediately According To FPCCI
(Overseas Pakistanis Are Holding According To An Extremely Conservative Estimate $150 Billion)
3.Immediate Settlement With TCC And IPIC Will Yield $6 Billion Each As Incoming FDI Respectively

https://defence.pk/pdf/posts/10101989/