Pakistan's 'net reserves stand at minus $724m'

[proud_indian]

Just to see things in contrast

India’s Foreign Exchange Reserves Jump To $421 Billion
9 March 2018, 8:38 PM9 March 2018, 8:38 PM

India’s foreign exchange reserves rose by $167.8 million to $420.758 billion in the week that ended March 2 as core currency assets increased, according to data from the Reserve Bank of India.

During the week, foreign currency assets, a major component of the overall reserves, rose by $177.2 million to $395.642 billion, the apex bank said. In the previous reporting week, reserves had declined by $1.13 billion to $420.591 billion.

The reserves had touched a life-time high of $421.914 billion on Feb. 9. It had crossed the $400-billion mark for the first time on Sept. 8 last year, but has been volatile since then.

The foreign currency assets include the effect of appreciation or depreciation of the non-U.S. currencies such as the euro, pound and yen held in the reserves.

The value of gold reserves increased by $8.1 million to $21.522 billion. Special drawing rights with the International Monetary Fund declined by $7.4 million to $1.529 billion. The country's reserve position with IMF also declined by $10.1 million to $2.064 billion, the RBI said.

https://www.bloombergquint.com/busin...to-421-billion

 

[itachii]

Now i wonder how much part did American aid played in keep this country afloat

If you believe so.

 

[Sully3]

So does North Korea.

so do the millions of Indians whos only meal of the day comes from charity given at temples.

 

[volatile]

What an idiotic thread to start with Foreign reserves are important for any country for what purpose ,Balance of payment means paying Import Bill why in US $ since the system is based on US $ as replacement of Gold , Now why countries need higher foreign reserves simply you need to pay for import bill by the way there are many ways to pay for that e.g remittances / FDI and other $ source input. For India the Import bill is around 400 Billion $ so need of higher reserves are needed ,problem with Pakistan is the registered reserve in Pakistan with SBP and other commercial bank how ever the real reserves are quite high thru open market or money market operations , Still the prefered way is Hundi and almost 50-60 % is still traded for as hundi ,so stop panicing we can raise the level of reserves slowly but this will effect rupee value so again at the end of the day balancing is important

 

[protest]

What an idiotic thread to start with Foreign reserves are important for any country for what purpose ,Balance of payment means paying Import Bill why in US $ since the system is based on US $ as replacement of Gold , Now why countries need higher foreign reserves simply you need to pay for import bill by the way there are many ways to pay for that e.g remittances / FDI and other $ source input. For India the Import bill is around 400 Billion $ so need of higher reserves are needed ,problem with Pakistan is the registered reserve in Pakistan with SBP and other commercial bank how ever the real reserves are quite high thru open market or money market operations , Still the prefered way is Hundi and almost 50-60 % is still traded for as hundi ,so stop panicing we can raise the level of reserves slowly but this will effect rupee value so again at the end of the day balancing is important

What you wrote make no sense.

 

[volatile]

What you wrote make no sense.

YEs for you it doesnt make sense its pure economics

 

[v9s]

Can anyone tell me what composition of the import bill is Capital Equipment?

Also, what is the composition of foreign loans (i.e. foreign debt used for what purpose)?

And do we have any further external financing lined up?

From what i've briefly read, it is normal for a country to go through twin deficits during a phase of infrastructure development. If the deficit was caused by consumption spending, then I would be worried.

 

[protest]

YEs for you it doesnt make sense its pure economics

Pure economics? Or rather poor economics.

 

[Imran Khan]

Koi qarz deny wala dhundho acha sa jis se 10 billions dollar udhar leen

 

[jetray]

Why should i worry

you should certainly worry. If pakistan defaults on payments to external traders then imports will become expensive and that will raise the prices/inflation of goods. Government will then impose more tax on citizens to pay for the imports. This will become a vicious cascading cycle.

Just for example imported medicines might become very expensive.

 

[Imran Khan]

you should certainly worry. If pakistan defaults on payments to external traders then imports will become expensive and that will raise the prices/inflation of goods. Government will then impose more tax on citizens to pay for the imports. This will become a vicious cascading cycle.

Just for example imported medicines might become very expensive.

Good news is i will not pay taxes as i did not live in pKistan

 

[313ghazi]

No country has shadow economy above 100%. It will only be a percentage of your formal economy. And shadow economy is not at all good. It will only weigh down your country further.

Welcome to Pakistan.

 

[HAIDER]

Ishaq Dar zindabad

Drama Queen

 

[volatile]

Pure economics? Or rather poor economics.

I know Burnol needed very badly

 

[comfortably_numb]

What an idiotic thread to start with Foreign reserves are important for any country for what purpose ,Balance of payment means paying Import Bill why in US $ since the system is based on US $ as replacement of Gold , Now why countries need higher foreign reserves simply you need to pay for import bill by the way there are many ways to pay for that e.g remittances / FDI and other $ source input. For India the Import bill is around 400 Billion $ so need of higher reserves are needed ,problem with Pakistan is the registered reserve in Pakistan with SBP and other commercial bank how ever the real reserves are quite high thru open market or money market operations , Still the prefered way is Hundi and almost 50-60 % is still traded for as hundi ,so stop panicing we can raise the level of reserves slowly but this will effect rupee value so again at the end of the day balancing is important

Dear sir, is this what goes by the name of economics in the Islamic Republic of Pakistan? Would you, sir, consider yourself an average student of the subject or does your level of intellect correspond to the crème de la crème, the top tier and the very best of your lot.

Just a curious neighbour; fare well, sir!