Pakistan Forex Reserves reach $15.780 Billion

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Re: Pakistan Forex Reserves reach $15.780 Billion

@mercenary2k

that means that Pakistan has 15 Billion dollars it can borrow to invest in its economy

Ya its a big deal. People are not gonna be dancing and cheering but this does give Pakistan options for major investment, building up infrastructure

so ya its a big deal

Under Nawaz Sharif, that ass froze all foreign exchange reserves and caused the economy to all most default

economics 101 ka shukriya. magr bhai jaan, I never questioned what the govt. could do with the money yet u said it is a big deal, two times in one breath. Why so defensive?

anyhoo, the borrowing bit..I was told our govt borrows with open arms, legs and a gaping mouth, not from IMF…tata to that, but from the poor old Shamshad Begum. What that does to inflation, and how inflation secured the top position in “issues on my mind for next election” is another matter altogether. SO what u say might be true in principle, even that I’ll have to check up on, but the practise on ground is far from what u have been led to believe.