Foreign Reserves will touch $15bn by month-end

[Zafra]

Re: Foreign Reserves will touch $15bn by month-end

@Sa1eem

Latest news is that, Pakistan mortgaged ‘Motorway 2’ as security for issue of 1 billion dollar bond. What a pathetic and corrupt this government could became, selling and mortgaging every asset of the country as security for loans, so that Thug Nawaz and his team of Thugs can loot.

LMAO! How do you mortgage a road? Explain that to me.

[Moonstar201]

Re: Foreign Reserves will touch $15bn by month-end

@hanibal

I had a simple question, it is bad to have foreign reserves at USD 15 billion by end of this year??? yes/no will do...

Simple answer by a econ fail for econ phd's : It is good or very very good if foreign reserves increase with out increasing loan in dollar. But if the reserves are increased by way tooo costly loan it sure is not good. But again once the finance minister of a country consider getting IMF loan approval a big achievemnt then any thing is possible. Thats why i feel our country's economy is not in safe hands. these stupids know that next term is not for them so the next govt ( in 2018 ) will suffer big time.

[Sa1eem]

Re: Foreign Reserves will touch $15bn by month-end

@Zafra

LMAO! How do you mortgage a road? Explain that to me.

Even though I just quoted the news that was on TV … still, the news is not absurd, and I can explain how road can be mortgaged. … Problem is ability to understand things.

Anyhow, if I explain, than will you be able to understand?

[hanibal]

Re: Foreign Reserves will touch $15bn by month-end

@Moonstar201

r u really that much masoom ???

[hanibal]

Re: Foreign Reserves will touch $15bn by month-end

@Moonstar201

Simple answer by a econ fail for econ phd's : It is good or very very good if foreign reserves increase with out increasing loan in dollar. But if the reserves are increased by way tooo costly loan it sure is not good. But again once the finance minister of a country consider getting IMF loan approval a big achievemnt then any thing is possible. Thats why i feel our country's economy is not in safe hands. these stupids know that next term is not for them so the next govt ( in 2018 ) will suffer big time.

Okay,

so if we have no power or gas or fuel for our industry and we have no money to build that power houses and our industrialists (let alone FDI) are looking for new destination to shift their businesses, in that condition how do we build our economy or promise our industrialists that power/fuel shall be there and to FDI that country have enough to pay them out..

please explain...

[Sa1eem]

Re: Foreign Reserves will touch $15bn by month-end

@Zafra

LMAO! How do you mortgage a road? Explain that to me.

Chalo explain ker daytay hain … does not matter you understand or not.

Thug government of Pakistan has mortgaged ‘motorway 2’ to lenders, means, if Pakistan could not pay interest or Principle on time, lender can take over ‘motorway 2’ and would impose toll to use the road (if toll is not already in place) and then would keep ‘motorway 2’ until they recovers their money plus whatever extra, from collection of toll money

[Sa1eem]

Re: Foreign Reserves will touch $15bn by month-end

https://pbs.twimg.com/media/B4q4HFNCAAE9T8B.jpg

https://pbs.twimg.com/media/B4q4HFNCAAE9T8B.jpg

[Zafra]

Re: Foreign Reserves will touch $15bn by month-end

@Sa1eem

Chalo explain ker daytay hain … does not matter you understand or not. :)

Thug government of Pakistan has mortgaged 'motorway 2' to lenders, means, if Pakistan could not pay interest or Principle on time, lender can take over ‘motorway 2’ and would impose toll to use the road (if toll is not already in place) and then would keep 'motorway 2' until they recovers their money plus whatever extra, from collection of toll money

LMAO! Thanks for the laugh.

[Moonstar201]

Re: Foreign Reserves will touch $15bn by month-end

@hanibal

Okay,

so if we have no power or gas or fuel for our industry and we have no money to build that power houses and our industrialists (let alone FDI) are looking for new destination to shift their businesses, in that condition how do we build our economy or promise our industrialists that power/fuel shall be there and to FDI that country have enough to pay them out..

please explain...

This is the only way of generating money. It can be done by any one what is the achievement in this. Further this money will be drained in roti , laptop and susti gaari .

[desert_bird]

Re: Foreign Reserves will touch $15bn by month-end

Pakistan’s foreign exchange reserves cross $15b mark

By Abdul Manan
Published: December 22, 2014

http://i1.tribune.com.pk/wp-content/uploads/2014/12/810577-Money-1419232951-960-640x480.JPG

PHOTO: CREATIVE COMMONS

****ISLAMABAD: Pakistan’s foreign exchange reserves have increased to more than $15 billion, the PM Office stated on Monday.

Federal Finance Minister Ishaq Dar called on Prime Minister Nawaz Sharif and apprised him about the latest development.
According to details, out of $15 billion of the exchequer, $10 billion is in the State Bank of Pakistan, while the rest is in other commercial banks.

Dar gave a detailed briefing to the premier about the 15 billion dollar worth of foreign exchange reserves. The finance minister also informed the prime minster about the economical steps taken to achieve set targets.