Pakistan foreign reserves increase by $1 billion

[BHarwana]

Pakistani foreign reserves increase by $1 billion as the second installment of Saudi investment of $12 billion arrived in Pakistan.

The third installment is expected to arrive in the first week of January.

On visit of PM Imran Khan the Saudis govt decided to invest in Pakistan. This is the second installment of that $12 billion investment package in Pakistan.

https://twitter.com/i/web/status/1073485050937786368

 

[Baby Leone]

Good move but i doubt it will be sustained i am sure till Jan one billion will be decreased aimed dollar payments and decreased exports trend.

we constant investments btw why no investments in CPEC lately?

 

[BHarwana]

Good move but i doubt it will be sustained i am sure till Jan one billion will be decreased aimed dollar payments and decreased exports trend.

we constant investments btw why no investments in CPEC lately?

CPEC is receiving heavy investment. China just started a new coal power project in CPEC. Balochistan govt just gave China NOC to start the project.

Pakistani trade deficit is decreasing and in few more months we will make a break even. Need to devalue rupee a bit more to achieve the desired trade ration, pkr at 140 will be good for now.

 

[SunilM]

Foreign exchange: SBP reserves fall 3.22%, amount to $7.3b

KARACHI:

The foreign exchange reserves held by the central bank plunged 3.22% on a weekly basis, for the second successive week, according to data released on Thursday.


Earlier, the reserves had been on a downward spiral for 13 successive weeks but financial assistance from Saudi Arabia provided much-needed support to the fast depleting reserves.

The reserves had dropped to a four-and-a-half-year low, which raised concern about Pakistan’s ability to meet its financing requirements. The assistance from the kingdom pushed the reserves above $8 billion, however, now they have once again dropped below that mark.

On December 7, the foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at $7,260.4 million, down $241.7 million compared with $7,502.1 million in the previous week. The decrease was attributed to external debt servicing and other official payments.

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $13,753.9 million. Net reserves held by banks amounted to $6,493.5 million.

Foreign exchange: SBP reserves dip 7%, amount to $7.5b

Last month, Chinese Embassy Deputy Head of Mission Zhao Lijian assured Pakistan of a financial package to boost its flagging foreign currency reserves, hinting that it would be bigger than that pledged by Saudi Arabia.

More than a month ago, China agreed to immediately give a loan of $2 billion to Pakistan, a move meant to arrest the slide in foreign currency reserves and provide much-needed breathing space to the new government.

Earlier, the reserves dipped to $9.06 billion, forcing the central bank to let the rupee depreciate massively for the fourth time since December 2017 and sparking concern about the country’s ability to finance a hefty import bill as well as meet debt obligations in coming months.

In April, the SBP’s reserves increased $593 million due to official inflows. A few months ago, the reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

The SBP also received $350 million under the Coalition Support Fund (CSF) earlier.

In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

https://tribune.com.pk/story/1866280/2-foreign-exchange-sbp-reserves-fall-3-22-amount-7-3b/

So, how long do you intend to survive on the largesse of Iron brother and Ummah? Its now become a monthly affair.

 

[Pan-Islamic-Pakistan]

Foreign exchange: SBP reserves fall 3.22%, amount to $7.3b

KARACHI:

The foreign exchange reserves held by the central bank plunged 3.22% on a weekly basis, for the second successive week, according to data released on Thursday.


Earlier, the reserves had been on a downward spiral for 13 successive weeks but financial assistance from Saudi Arabia provided much-needed support to the fast depleting reserves.

The reserves had dropped to a four-and-a-half-year low, which raised concern about Pakistan’s ability to meet its financing requirements. The assistance from the kingdom pushed the reserves above $8 billion, however, now they have once again dropped below that mark.

On December 7, the foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at $7,260.4 million, down $241.7 million compared with $7,502.1 million in the previous week. The decrease was attributed to external debt servicing and other official payments.

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $13,753.9 million. Net reserves held by banks amounted to $6,493.5 million.

Foreign exchange: SBP reserves dip 7%, amount to $7.5b

Last month, Chinese Embassy Deputy Head of Mission Zhao Lijian assured Pakistan of a financial package to boost its flagging foreign currency reserves, hinting that it would be bigger than that pledged by Saudi Arabia.

More than a month ago, China agreed to immediately give a loan of $2 billion to Pakistan, a move meant to arrest the slide in foreign currency reserves and provide much-needed breathing space to the new government.

Earlier, the reserves dipped to $9.06 billion, forcing the central bank to let the rupee depreciate massively for the fourth time since December 2017 and sparking concern about the country’s ability to finance a hefty import bill as well as meet debt obligations in coming months.

In April, the SBP’s reserves increased $593 million due to official inflows. A few months ago, the reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

The SBP also received $350 million under the Coalition Support Fund (CSF) earlier.

In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

https://tribune.com.pk/story/1866280/2-foreign-exchange-sbp-reserves-fall-3-22-amount-7-3b/

So, how long do you intend to survive on the largesse of Iron brother and Ummah? Its now become a monthly affair.

I was going to ask ‘Where are the Indian doubters?’

However you came right on cue.

 

[BHarwana]

Foreign exchange: SBP reserves fall 3.22%, amount to $7.3b

KARACHI:

The foreign exchange reserves held by the central bank plunged 3.22% on a weekly basis, for the second successive week, according to data released on Thursday.


Earlier, the reserves had been on a downward spiral for 13 successive weeks but financial assistance from Saudi Arabia provided much-needed support to the fast depleting reserves.

The reserves had dropped to a four-and-a-half-year low, which raised concern about Pakistan’s ability to meet its financing requirements. The assistance from the kingdom pushed the reserves above $8 billion, however, now they have once again dropped below that mark.

On December 7, the foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at $7,260.4 million, down $241.7 million compared with $7,502.1 million in the previous week. The decrease was attributed to external debt servicing and other official payments.

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $13,753.9 million. Net reserves held by banks amounted to $6,493.5 million.

Foreign exchange: SBP reserves dip 7%, amount to $7.5b

Last month, Chinese Embassy Deputy Head of Mission Zhao Lijian assured Pakistan of a financial package to boost its flagging foreign currency reserves, hinting that it would be bigger than that pledged by Saudi Arabia.

More than a month ago, China agreed to immediately give a loan of $2 billion to Pakistan, a move meant to arrest the slide in foreign currency reserves and provide much-needed breathing space to the new government.

Earlier, the reserves dipped to $9.06 billion, forcing the central bank to let the rupee depreciate massively for the fourth time since December 2017 and sparking concern about the country’s ability to finance a hefty import bill as well as meet debt obligations in coming months.

In April, the SBP’s reserves increased $593 million due to official inflows. A few months ago, the reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

The SBP also received $350 million under the Coalition Support Fund (CSF) earlier.

In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

https://tribune.com.pk/story/1866280/2-foreign-exchange-sbp-reserves-fall-3-22-amount-7-3b/

So, how long do you intend to survive on the largesse of Iron brother and Ummah? Its now become a monthly affair.

@MOD he is posting fake news the reserves stand at $9 billion please check with state bank for more info.

http://www.sbp.org.pk/

 

[KhalaiMakhlooq]

Foreign exchange: SBP reserves fall 3.22%, amount to $7.3b

KARACHI:

The foreign exchange reserves held by the central bank plunged 3.22% on a weekly basis, for the second successive week, according to data released on Thursday.


Earlier, the reserves had been on a downward spiral for 13 successive weeks but financial assistance from Saudi Arabia provided much-needed support to the fast depleting reserves.

The reserves had dropped to a four-and-a-half-year low, which raised concern about Pakistan’s ability to meet its financing requirements. The assistance from the kingdom pushed the reserves above $8 billion, however, now they have once again dropped below that mark.

On December 7, the foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at $7,260.4 million, down $241.7 million compared with $7,502.1 million in the previous week. The decrease was attributed to external debt servicing and other official payments.

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $13,753.9 million. Net reserves held by banks amounted to $6,493.5 million.

Foreign exchange: SBP reserves dip 7%, amount to $7.5b

Last month, Chinese Embassy Deputy Head of Mission Zhao Lijian assured Pakistan of a financial package to boost its flagging foreign currency reserves, hinting that it would be bigger than that pledged by Saudi Arabia.

More than a month ago, China agreed to immediately give a loan of $2 billion to Pakistan, a move meant to arrest the slide in foreign currency reserves and provide much-needed breathing space to the new government.

Earlier, the reserves dipped to $9.06 billion, forcing the central bank to let the rupee depreciate massively for the fourth time since December 2017 and sparking concern about the country’s ability to finance a hefty import bill as well as meet debt obligations in coming months.

In April, the SBP’s reserves increased $593 million due to official inflows. A few months ago, the reserves surged due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.

The SBP also received $350 million under the Coalition Support Fund (CSF) earlier.

In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

https://tribune.com.pk/story/1866280/2-foreign-exchange-sbp-reserves-fall-3-22-amount-7-3b/

So, how long do you intend to survive on the largesse of Iron brother and Ummah? Its now become a monthly affair.

Foreign-exchange reserves (also called Forex reserves) are, in a strict sense, only the foreign-currency deposits held by national central banks and monetary authorities.

In other words other countries that deposited money in your countries Central Bank.

Pakistan 7,260 Million USD
India 393,718 Million USD

The main purpose of holding foreign exchange reserves is to make international payments and hedge against exchange rate risks.

If Pakistan and Saudi Arabia have frequent FX trade for example, visitors, it would make sense. Its nothing to do with how good an economy is.

Pakistani foreign reserves increase by $1 billion as the second installment of Saudi investment of $12 billion arrived in Pakistan.

The third installment is expected to arrive in the first week of January.

On visit of PM Imran Khan the Saudis govt decided to invest in Pakistan. This is the second installment of that $12 billion investment package in Pakistan.

How is foreign reserves a form of investment?

 

[SunilM]

Pakistan’s liquid forex reserves fall by $242mn

https://www.brecorder.com/2018/12/13/459060/pakistans-liquid-forex-reserves-fall-by-242mn/
https://in.reuters.com/article/paki...-to-72604-mln-week-ending-dec-7-idINL3N1YI4FD

The increase will show in next weeks bulletin.

 

[BHarwana]

You


Dumb F*%K you are confusing remittance with reserves.

http://www.sbp.org.pk/press/2018/Pr-HomeRemit-10-Dec-18.pdf

Nope I am not, idiot you have outdated info. As long india can make foreign reserves on loans from USA Pakistan can also do it on loans from iron and ummah. So don't worry your economy is in more trouble. Farmers are not killing them selves in Pakistan but they are doing it in India.

Here they went up you idiot get updated noob.

https://www.thenews.com.pk/latest/405824-pakistan-receives-second-tranche-of-saudi-aid

Pakistan’s liquid forex reserves fall by $242mn

https://www.brecorder.com/2018/12/13/459060/pakistans-liquid-forex-reserves-fall-by-242mn/
https://in.reuters.com/article/paki...-to-72604-mln-week-ending-dec-7-idINL3N1YI4FD

The increase will show in next weeks bulletin.

It is showing now you idiot the money is here. Next week is for $2 billion coming from China. Sorry mofo you payday is over.

 

[Imran Khan]

@MOD he is posting fake news the reserves stand at $9 billion please check with state bank for more info.

http://www.sbp.org.pk/

bhai ye member @MOD to khud banned hai kai saal se

 

[hassan zohaib]

CPEC is receiving heavy investment. China just started a new coal power project in CPEC. Balochistan govt just gave China NOC to start the project.

Pakistani trade deficit is decreasing and in few more months we will make a break even. Need to devalue rupee a bit more to achieve the desired trade ration, pkr at 140 will be good for now.

We will make break even? What does that mean?
If you are saying that our receipts will become equal to our payment then my friend, as far as i know, v haven't achieved such except for 2 times in our history.
On other side, the more the investment, specific to Saudia & Chinese, will channel into pakistan the more the imports are gonna increase.

 

[BHarwana]

@SunilM here another news just posted increase in reserves. Lol idiot.

https://www.geo.tv/latest/221874-pa...on-as-second-installment-of-saudi-aid-sources

 

[BHarwana]

bhai ye member @MOD to khud banned hai kai saal se

You don't know about this member

 

[KhalaiMakhlooq]

Pakistan’s liquid forex reserves fall by $242mn

https://www.brecorder.com/2018/12/13/459060/pakistans-liquid-forex-reserves-fall-by-242mn/
https://in.reuters.com/article/paki...-to-72604-mln-week-ending-dec-7-idINL3N1YI4FD

The increase will show in next weeks bulletin.

In real-world economics ranking and titles are meaningless and news articles like this are useless. The only real measure of a countries wealth 'how good their economy is doing' is how much income a person in that country has per year in USD.

According to the World Bank, Pakistan and India both are the same, all these countries are in the same category

LOWER-MIDDLE-INCOME ECONOMIES ($996 TO $3,895)

Angola Indonesia Papua New Guinea
Bangladesh Kenya Philippines
Bhutan Kiribati São Tomé and Principe
Bolivia Kosovo Solomon Islands
Cabo Verde Kyrgyz Republic Sri Lanka
Cambodia Lao PDR Sudan
Cameroon Lesotho Swaziland
Congo, Rep. Mauritania Timor-Leste
Côte d'Ivoire Micronesia, Fed. Sts. Tunisia
Djibouti Moldova Ukraine
Egypt, Arab Rep. Mongolia Uzbekistan
El Salvador Morocco Vanuatu
Georgia Myanmar Vietnam
Ghana Nicaragua West Bank and Gaza
Honduras Nigeria Zambia
India Pakistan

https://datahelpdesk.worldbank.org/.../906519-world-bank-country-and-lending-groups

 

[BHarwana]

We will make break even? What does that mean?
If you are saying that our receipts will become equal to our payment then my friend, as far as i know, v haven't achieved such except for 2 times in our history.
On other side, the more the investment, specific to Saudia & Chinese, will channel into pakistan the more the imports are gonna increase.

Babu trade deficit is now $14 billion left PTI govt has decrease $5 billion in first 100 days and they are doing a good job. So yes we will breakeven soon.

https://tribune.com.pk/story/1864786/2-trade-deficit-slightly-contracts-14-5b-five-months/?amp=1