Reserves at $16.706bn

[maxpayne]

Strong check and balance on governments will push them to show more performance and hence we will be growing. Reduction of corruption and more education will make things easier. Best of luck Pakistan

 

[Mr.Nair]

is it showing on indian forex reserves too??

Currently Indian forex reserve is 343 billion dollar

 

[Muhammad Omar]

Currently Indian forex reserve is 343 billion dollar

read the Question again

 

[Icewolf]

If the results are guaranteed no one would mind waiting 20 years or 23 to be exact?

There's no guarantee for any prediction ever made about anything... That's why their called predictions. I don't get what you mean.

 

[Icewolf]

Why don't you add another 20 years to make it 100 trillion dollars economy ?

What? Did you fart this out?

 

[Faiez]

What? Did you fart this out?

should be 3 trillion, not 100....

 

[Icewolf]

should be 3 trillion, not 100....

This is GDP and I calculated it if pakistan grows 6% each year

 

[Faiez]

This is GDP and I calculated it if pakistan grows 6% each year

~20 yrs at 6% to take it from ~300 to ~1000, means multiplied by atleast 3.

so 20yrs from ~1000 should have atleast 3000 (3 trillion).

 

[Icewolf]

~20 yrs at 6% to take it from ~300 to ~1000, means multiplied by atleast 3.

so 20yrs from ~1000 should have atleast 3000 (3 trillion).

No my dear that's not how it's calculated...

Let's say economy grows at 6% this year and Pakistan economy worth 292 billion.

So you do 6% of 292 (0.06 x 292)

= 17.52

And then you add that number to your current GDP

17.52+ 292 = 309.52

So, if PAKISTANI economy grows at 6% this year it will be worth atleast 310 billion in 2016..

Then, if you wanna do that for the next year, you

0.06 x 310 = X

X + 310 = 2017 economy

 

[Faiez]

No my dear that's not how it's calculated...

Let's say economy grows at 6% this year and Pakistan economy worth 292 billion.

So you do 6% of 292 (0.06 x 292)

= 17.52

And then you add that number to your current GDP

17.52+ 292 = 309.52

So, if PAKISTANI economy grows at 6% this year it will be worth atleast 310 billion..

If you do this for multiple years you will get fairly accurate predictions.

Should I teach you math now ?

If you have a calculator close to you, put these values in and see what happens...

starting value = 292
growth rate = 6%
number of years = 23 + 20 = 43

put this in calculator = (1.06^43)*292

see what answer you get...

let me explain, a 6% growth for 20 years results in a growth of ~320% , meaning the value gets multiplied by 3. If you start with ~300, you end up with ~1000 in 20yrs. When you start with ~1000 you end up with more than 3000 in 20 more years...I hope you get it....it's simple math....

 

[Icewolf]

Should I teach you math now ?

If you have a calculator close to you, put these values in and see what happens...

starting value = 292
growth rate = 6%
number of years = 23 + 20 = 43

put this in calculator = (1.06^43)*292

see what answer you get...

let me explain, a 6% growth for 20 years results in a growth of ~320% , meaning the value gets multiplied by 3. If you start with ~300, you end up with ~1000 in 20yrs. When you start with ~1000 you end up with more than 3000 in 20 more years...I hope you get it....it's simple math....

I get where you're coming from, but this is completely wrong. Stick to your geometry textbooks boy this is not how you calculate GDP predictions.

Your formula makes it look like a straight exponential line from Point A to Point B lmao... As we know that's not how GDP works...

You first calculate the percent value of your current economy. Then add it to to your current economy value again... I know this may have confused you, but your calculations made me laugh out loud

Please don't talk about things you have no clue on child

 

[Faiez]

I get where you're coming from, but this is completely wrong. Stick to your geometry textbooks boy this is not how you calculate GDP predictions.

Your formula makes it look like a straight exponential line from Point A to Point B lmao... As we know that's not how GDP works...

You first calculate the percent value of your current economy. Then add it to to your current economy value again... I know this may have confused you, but your calculations made me laugh out loud

Please don't talk about things you have no clue on child

Please feel free to calculate using your method (which is the same method) and compare the result of 20 more yrs of 6%/annum growth after 1000 is reached....

This is the data :

1 292
2 309.52
3 328.0912
4 347.776672
5 368.64327232
6 390.7618686592
7 414.2075807788
8 439.0600356255
9 465.403637763
10 493.3278560288
11 522.9275273905
12 554.3031790339
13 587.561369776
14 622.8150519625
15 660.1839550803
16 699.7949923851
17 741.7826919282
18 786.2896534439
19 833.4670326505
20 883.4750546096
21 936.4835578862
22 992.6725713593
23 1052.2329256409
24 1115.3669011793
25 1182.2889152501
26 1253.2262501651
27 1328.419825175
28 1408.1250146855
29 1492.6125155666
30 1582.1692665006
31 1677.0994224907
32 1777.7253878401
33 1884.3889111105
34 1997.4522457772
35 2117.2993805238
36 2244.3373433552
37 2378.9975839565
38 2521.7374389939
39 2673.0416853336
40 2833.4241864536


And here's the graph :

 

[FaujHistorian]

he country’s total liquid foreign exchange reserves stood at $16.706 billion during the week. — Reuters/file

KARACHI: The country’s total liquid foreign exchange reserves stood at $16.706 billion during the week ending April 3 compared to $16.194bn the previous week, the State Bank of Pakistan (SBP) said on Thursday.

The SBP reserves increased by $494 million to $11.617bn from $11.123bn, and the other banks’ holdings were $5.089bn as compared to $5.071bn.

Published in Dawn, April 10th, 2015

$16 billion for a country of 200 million?

it is what my friends from North say?

Choohnga!
(Pittance, little bugger, spit drop).

Our target should be at least $200 billion for having a viable country.

Yeap. big target that will never come with the way Pakistani parliament and our educated elite have been behaving for the past so many decades.

$200 billion will come when we become good global citizens, fully connect into international tourism and trade.

Examples of S Korea, Japan, China, India, singapore are for us to follow.

Sadly our educated elite want our country to become North Korea with a mad Mullah like Khomeni as the spremo leadero.

 

[Icewolf]

Please feel free to calculate using your method (which is the same method) and compare the result of 20 more yrs of 6%/annum growth after 1000 is reached....

This is the data :

1 292
2 309.52
3 328.0912
4 347.776672
5 368.64327232
6 390.7618686592
7 414.2075807788
8 439.0600356255
9 465.403637763
10 493.3278560288
11 522.9275273905
12 554.3031790339
13 587.561369776
14 622.8150519625
15 660.1839550803
16 699.7949923851
17 741.7826919282
18 786.2896534439
19 833.4670326505
20 883.4750546096
21 936.4835578862
22 992.6725713593
23 1052.2329256409
24 1115.3669011793
25 1182.2889152501
26 1253.2262501651
27 1328.419825175
28 1408.1250146855
29 1492.6125155666
30 1582.1692665006
31 1677.0994224907
32 1777.7253878401
33 1884.3889111105
34 1997.4522457772
35 2117.2993805238
36 2244.3373433552
37 2378.9975839565
38 2521.7374389939
39 2673.0416853336
40 2833.4241864536


And here's the graph :

View attachment 214519

Why are you arguing against me... I thought you were saying PAKISTANI economy would be worth 3 trillion after 23 trillion and not 1 trillion..

You confused me... I know that's not 100 trillion that Indian was just trolling and I replied to him

 

[Muhammad Omar]

$16 billion for a country of 200 million?

it is what my friends from North say?

Choohnga!
(Pittance, little bugger, spit drop).

Our target should be at least $200 billion for having a viable country.

Yeap. big target that will never come with the way Pakistani parliament and our educated elite have been behaving for the past so many decades.

$200 billion will come when we become good global citizens, fully connect into international tourism and trade.

Examples of S Korea, Japan, China, India, singapore are for us to follow.

Sadly our educated elite want our country to become North Korea with a mad Mullah like Khomeni as the spremo leadero.

Well in 2 years it increased from 6 Billion Dollars? we can;t reach at 200 Billion in one year or so obviously it will take time to reach there.... Tourism will come to a country when it's peaceful and we are fighting against terrorism here now