Reserves at $16.706bn

[Muhammad Omar]

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

 

[RAMPAGE]

How long will it take to reach $40 billion mark?

@HRK @farhan_9909

 

[Winchester]

With HBL's privatization looming they will cross the $ 18 bn mark

 

[Icewolf]

Pakistan will take at most 23 years of 6% growth to become a trillion dollar economy.
Keep in mind this is not taking into account economic base revisions which happen every 5 years.

1- 292 billion
2- 309.52
3- 328.0912
4- 347.776672
5- 368.6432723
6- 390.7618687
7- 414.2075808
8- 439.0600356
9- 465.4036378
10- 493.327856
11- 522.9275274
12- 554.303179
13- 587.5613698
14- 622.815052
15- 660.1839551
16- 699.7949924
17- 741.7826919
18- 786.2896534
19- 833.4670327
20- 883.4750546
21- 936.4835579
22- 992.6725714
23- 1052.232926

 

[HRK]

How long will it take to reach $40 billion mark?

@HRK @farhan_9909

Same amount of time which will be to required to correct the fundamentals of the Pakistan's economy ....after that we can go way beyond $ 40 billion mark .....

 

[ashok321]

Depressed crude oil prices are reflecting its color in Pakistan's FOREX reserves.
Plus the over overseas Pakistani remittance factor, which stands tall.

 

[Muhammad Omar]

Depressed crude oil prices are reflecting its color in Pakistan's FOREX reserves.
Plus the over overseas Pakistani remittance factor, which stands tall.

is it showing on indian forex reserves too??

 

[ashok321]

is it showing on indian forex reserves too??

India was sitting atop 300 billion for long time.
Now that kitty has swollen.
Yes due to oil prices.

 

[WishLivePak]

How long will it take to reach $40 billion mark?

@HRK @farhan_9909

We won't reach $40b in this decade, but likely in the next one.

I believe we can cross $20b this year. With HBL, we will be already over $18b. I think $2b is getable in 4.5 years, perhaps we might even reach $25b. However, I'm being conservative here because near elections, PML may try to use reserves to pay off circular debt/reduce commodities prices etc, something what PPP did as well around election time. We had 17ish billion in reserves around 2011 and then they dropped to 11 billion.

It is worth to note that we are not fully using our potentional output. With electricity, gas and so forth, our economy will be at the potential output. This means more jobs, more sales, more taxes. As such, gov't will have great tax income.

Based on my calculation (I HOPE I"M RIGHT), if our reserves grow by 10% annually, by 2024 we will reach $40b reserves. What we should not forget, reserves is growing faster than 10%.

 

[ganesh177]

is it showing on indian forex reserves too??

Yes it rose by $ 41 bn.
Intially it was 300 now its $ 341 bn

 

[A2Z]

Pakistan will take at most 23 years of 6% growth to become a trillion dollar economy.
Keep in mind this is not taking into account economic base revisions which happen every 5 years.

1- 292 billion
2- 309.52
3- 328.0912
4- 347.776672
5- 368.6432723
6- 390.7618687
7- 414.2075808
8- 439.0600356
9- 465.4036378
10- 493.327856
11- 522.9275274
12- 554.303179
13- 587.5613698
14- 622.815052
15- 660.1839551
16- 699.7949924
17- 741.7826919
18- 786.2896534
19- 833.4670327
20- 883.4750546
21- 936.4835579
22- 992.6725714
23- 1052.232926

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

 

[SuperSubrayan]

Pakistan will take at most 23 years of 6% growth to become a trillion dollar economy.
Keep in mind this is not taking into account economic base revisions which happen every 5 years.

1- 292 billion
2- 309.52
3- 328.0912
4- 347.776672
5- 368.6432723
6- 390.7618687
7- 414.2075808
8- 439.0600356
9- 465.4036378
10- 493.327856
11- 522.9275274
12- 554.303179
13- 587.5613698
14- 622.815052
15- 660.1839551
16- 699.7949924
17- 741.7826919
18- 786.2896534
19- 833.4670327
20- 883.4750546
21- 936.4835579
22- 992.6725714
23- 1052.232926

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

 

[Muhammad Omar]

Yes it rose by $ 41 bn.
Intially it was 300 now its $ 341 bn

Nice

 

[Shamain]

Yes it rose by $ 41 bn.
Intially it was 300 now its $ 341 bn

Yea right and the 40bn dolla that your gov has decided to cut in diesel and perhaps some other subsidies by market linking prices

 

[Sunan]

PM nawaz sharif must get the credit for this.He is doing good in pakistan economy.Now people r talking about the bright future of Pakistan insted of failed state and bankcrupt state and things like that.InshAllah under the leadership of PM nawaz sharif Pakistan economy will progress...