Pakistan foreign reserves increase by $1 billion

[Baby Leone]

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.

but why it is not showing in FDIs inflows? even in 2017/18 fiscal FDIs inflows in Pakistan were mere 2 or 3 billions.

 

[KhalaiMakhlooq]

As long india can make foreign reserves on loans from USA Pakistan can also do it on loans from iron and ummah.

There is no such thing as make foreign reserves on loans. What on earth has foreign reserves got to do with loans?

 

[BHarwana]

but why it is not showing in FDIs inflows? even in 2017/18 fiscal FDIs inflows in Pakistan were mere 2 or 3 billions.

The FDI from China is not made public so that west don't receives data on Chinese investment. If they are are made public USA and India can concentrate sabotage activity in the certain sector. Even in hard talk interview Assad omer passed the question. Even Moody's requested the info from Pakistan and the request was rejected.

There is no such thing as make foreign reserves on loans. What on earth has foreign reserves got to do with loans?

Whole Indian reserves are made of foreign loans which India has to return in March and get it rescheduled.

 

[Baby Leone]

The FDI from China is not made public so that west don't receives data on Chinese investment. If they are are made public USA and India can concentrate sabotage activity in the certain sector. Even in hard talk interview Assad omer passed the question. Even Moody's requested the info from Pakistan and the request was rejected.



Whole Indian reserves are made of foreign loans which India has to return in March and get it rescheduled.

lol you think its that easy to hide in economy? not really even if we agree that 10s of billions are coming then why still we have so much pressure on external account and rupee when $$s are coming.

your argument is not logical at all buddy.

and you think that indians are not trying to destroy CPEC if we dont show them investments coming in?
you must be joking.

 

[KhalaiMakhlooq]

The FDI from China is not made public so that west don't receives data on Chinese investment. If they are are made public USA and India can concentrate sabotage activity in the certain sector. Even in hard talk interview Assad omer passed the question. Even Moody's requested the info from Pakistan and the request was rejected.



Whole Indian reserves are made of foreign loans which India has to return in March and get it rescheduled.

If you want to argue that the Indian economy is very very poor, all you have to say is this.

India's population is 1.33 Billion
Pakistan's population is 197 Million.

Therefore India's economy should be 6-7 times better than Pakistan, because India is 6-7 times bigger.

It's not. In fact its the same, according to the World Bank.

 

[hassan zohaib]

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

My friend perhaps you didn't read your quoted article in detail. Read it & compare it with your argument.
Trade deficit is decreased marginally 3.01m$ so how could you say that 5b$…
Btw, this marginal decrease in deficit is due to our currency depreciation & SBP qualitative & quantitative controls.
Your exporters are unable to get benefit the depreciation while your imports aren't being curtailed even after depreciation and you are talking about break even.
I don't see that we will achieve this mark in 5 years leave alone the near future.

 

[BHarwana]

If you want to argue that the Indian economy is very very poor, all you have to say is this.

India's population is 1.33 Billion
Pakistan's population is 197 Million.

Therefore India's economy should be 6-7 times better than Pakistan, because India is 6-7 times bigger.

It's not. In fact its the same, according to the World Bank.

I don't want to argue Indian economy here and derail this thread please quote me in south Asian section and I will come and calm you there.

My friend perhaps you didn't read your quoted article in detail. Read it & compare it with your argument.
Trade deficit is decreased marginally 3.01m$ so how could you say that 5b$…
Btw, this marginal decrease in deficit is due to our currency depreciation & SBP qualitative & quantitative controls.
Your exporters are unable to get benefit the depreciation while your imports aren't being curtailed even after depreciation and you are talking about break even.
I don't see that we will achieve this mark in 5 years leave alone the near future.

It was reduced from $18 billion to $14 and is further declining. PTI wants to achieve a decrease of $26 billion which is impossible but if you bring in the fdi then the deficit is decreasing. Counting FDI is wrong as it contribute to short term decrease but the numbers are going down. We will achieve some what 22% decrease in short run and counting FDI we will achieve breakeven just because of Saudi FDI. I was stating break even to make you understand that we would not require loans now as we can sustain the current economy. If we devalue PKR to 142 then we will go into next business year (june 2019) with sustained economic situation that is why Imran Khan said economy will be fixed in next 6 months. We have achieved short term sustainability now all we need is to convert it into long term effect.

 

[hassan zohaib]

I don't want to argue Indian economy here and derail this thread please quote me in south Asian section and I will come and calm you there.



It was reduced from $18 billion to $14 and is further declining. PTI wants to achieve a decrease of $26 billion which is impossible but if you bring in the fdi then the deficit is decreasing. Counting FDI is wrong as it contribute to short term decrease but the numbers are going down. We will achieve some what 22% decrease in short run and counting FDI we will achieve breakeven just because of Saudi FDI. I was stating break even to make you understand that we would not require loans now as we can sustain the current economy. If we devalue PKR to 142 then we will go into next business year (june 2019) with sustained economic situation that is why Imran Khan said economy will be fixed in next 6 months. We have achieved short term sustainability now all we need is to convert it into long term effect.

My friend are you really serious?
18$b to 14$b... which time period you are comparing? July-nov covers5 month period & the Same period in previous fiscal year we were observing 300m$ more deficit in addition to this 14$b....
My friend our exports are not being increased so how can we get our trade deficit decreased?

Plz do ponder on that current account deficit & trade account deficit are two totally different things. Our trade deficit can't b overcome until our exports surpasses import or vice versa while our current account deficit can b overcome through foreign aid, exports, remittance, loans, investment etc.
Plz do correlate your arguments because i am still unable to find out what exactly here is the point you are trying to make.

 

[SunilM]

@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

Abe chaman, these figures will be be true for next week. SBP releases it figures every thursday Night.Money came today which is friday. Thats why its 7.26 bn i.e the figure released on thursday + 1 Billons more saudi baksheesh which came on friday = 8.26 billion. Btw, this will again decrease to less than 8 billion dollars and you will be waiting desperately for the next installment by Jan 15,2019. Now as they say, Koi sharam hoti hai, koi haya!

 

[Men in Green]

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

nothing to be proud of.

 

[BHarwana]

My friend are you really serious?
18$b to 14$b... which time period you are comparing? July-nov covers5 month period & the Same period in previous fiscal year we were observing 300m$ more deficit in addition to this 14$b....
My friend our exports are not being increased so how can we get our trade deficit decreased?

Plz do ponder on that current account deficit & trade account deficit are two totally different things. Our trade deficit can't b overcome until our exports surpasses import or vice versa while our current account deficit can b overcome through foreign aid, exports, remittance, loans, investment etc.
Plz do correlate your arguments because i am still unable to find out what exactly here is the point you are trying to make.

How much was our trade deficit at the end of last financial year? It was $37.6 billion

We have reached in the mid of this financial year it is mid December and our trade deficit stands at $14.5 billion so you tell me where is my given figures wrong?

Abe chaman, these figures will be be true for next week. SBP releases it figures every thursday Night.Money came today which is friday. Thats why its 7.26 bn i.e the figure released on thursday + 1 Billons more saudi baksheesh which came on friday = 8.26 billion. Btw, this will again decrease to less than 8 billion dollars and you will be waiting desperately for the next installment by Jan 15,2019. Now as they say, Koi sharam hoti hai, koi haya!

Abay pudinay ka wapari the funds came in yesterday and have been added to FDI not go find something else negative. Hush hush.

Here chusee huwi ambi it is in the news

Pakistan foreign reserves increase by $1 billion.

https://www.samaa.tv/news/2018/12/foreign-reserves-go-up-as-pakistan-receives-1b-from-saudi-arabia/

You are posting old news. Lol

nothing to be proud of.

Why not? FDI is good for economy. Even Trump is proud of Saudi FDI. So why should I not be proud of it?

 

[SunilM]

How much was our trade deficit at the end of last financial year? It was $37.6 billion

We have reached in the mid of this financial year it is mid December and our trade deficit stands at $14.5 billion so you tell me where is my given figures wrong?



Abay pudinay ka wapari the funds came in yesterday and have been added to FDI not go find something else negative. Hush hush.

Here chusee huwi ambi it is in the news

Pakistan foreign reserves increase by $1 billion.

https://www.samaa.tv/news/2018/12/foreign-reserves-go-up-as-pakistan-receives-1b-from-saudi-arabia/

You are posting old news. Lol


Why not? FDI is good for economy. Even Trump is proud of Saudi FDI. So why should I not be proud of it?

Haha, Be happy with the baksheesh, you will get the next installment on Jan 15,2019. Its such an achievement. Meanwhile...

Exports reduced by $125m in Nov 2018, $ 400 Million decline in remittances
https://www.thenews.com.pk/print/404892-exports-reduced-by-125m-in-nov-2018

Don't worry after Saudi Arabia, you have UAE..... and then you will find some one else..... Such a big achievement.

 

[hassan zohaib]

How much was our trade deficit at the end of last financial year? It was $37.6 billion

We have reached in the mid of this financial year it is mid December and our trade deficit stands at $14.5 billion so you tell me where is my given figures wrong?



Abay pudinay ka wapari the funds came in yesterday and have been added to FDI not go find something else negative. Hush hush.

Here chusee huwi ambi it is in the news

Pakistan foreign reserves increase by $1 billion.

https://www.samaa.tv/news/2018/12/foreign-reserves-go-up-as-pakistan-receives-1b-from-saudi-arabia/

You are posting old news. Lol


Why not? FDI is good for economy. Even Trump is proud of Saudi FDI. So why should I not be proud of it?

We have reached in mid December makes u think that v have decreased our deficit by 5b$…
Its strange.
My friend imports fluctuate in the periods of a year. Say if v observed decrease in imports in 1st quarter then it doesn't mean the next quarter will observe same. No. Demands r created in different times so may b imports r gonna increase in different times.

V have not undergone structural reforms yet so our imports can't decrease much n exports can't increase much.
According to my estimate our trade deficit can't b lowered in this fiscal year at least but our current account deficit can b lowered hoping 2 flow in the different loans,IMF, Saudi aid, Chinese investment.
A difficult time ahead my friend.
PTI is treading on the same path which Pmln used to walk on.
Borrow n control all parameters.
Dangerous for pak.
No change i am expecting, sorry to say but where the things i m looking from doesn't make me very hopeful for at least in this fy.

 

[SunilM]

We have reached in mid December makes u think that v have decreased our deficit by 5b$…
Its strange.
My friend imports fluctuate in the periods of a year. Say if v observed decrease in imports in 1st quarter then it doesn't mean the next quarter will observe same. No. Demands r created in different times so may b imports r gonna increase in different times.

V have not undergone structural reforms yet so our imports can't decrease much n exports can't increase much.
According to my estimate our trade deficit can't b lowered in this fiscal year at least but our current account deficit can b lowered hoping 2 flow in the different loans,IMF, Saudi aid, Chinese investment.
A difficult time ahead my friend.
PTI is treading on the same path which Pmln used to walk on.
Borrow n control all parameters.
Dangerous for pak.
No change i am expecting, sorry to say but where the things i m looking from doesn't make me very hopeful for at least in this fy.

These are the actual figures

Merchandise exports up by 1.29pc in five months

The country’s merchandise exports during the first five months of the current fiscal year increased by 1.29 per cent as compared to the exports of the corresponding period of last year.

The exports from the country during the period under review reached $9.12 billion against exports of $9.004 billion during the same period of previous year, according to latest data released by Pakistan Bureau of Statistics (PBS) on Tuesday.

Meanwhile, the imports into the country during the period under review decreased by 0.78 per cent to $23.633 billion against the imports of $23.818 billion in July-November 2017-18.

The trade deficit during July-November (2018-19) shrank by 2.03 per cent to $14.513 billion against $14.814 billion recorded during the first five months of last fiscal year.


On a year-on-year basis, the trade deficit posted a decrease of 0.25 per cent as it reduced from $2.79 billion in November to $2.783 billion in the same period of the current fiscal year.

However, the exports in November 2018 decreased by 6.35 per cent and 3.15 per cent when compared with the exports during November 2017 and October 2018 respectively.

The exports decreased from $1.968 billion in November last year to $1.843 billion this year, whereas exports during October 2018 were recorded at $1.903 billion.

Similarly, in the month of November 2018, imports into the country reduced by 4.44 per cent as it was registered at $4.26 billion as compared to $4.841 billion during October 2018.

https://profit.pakistantoday.com.pk/2018/12/11/merchandise-export-up-by-1-29pc-in-five-months/

Beware of the Tomato derivative trader

 

[BHarwana]

We have reached in mid December makes u think that v have decreased our deficit by 5b$…
Its strange.
My friend imports fluctuate in the periods of a year. Say if v observed decrease in imports in 1st quarter then it doesn't mean the next quarter will observe same. No. Demands r created in different times so may b imports r gonna increase in different times.

V have not undergone structural reforms yet so our imports can't decrease much n exports can't increase much.
According to my estimate our trade deficit can't b lowered in this fiscal year at least but our current account deficit can b lowered hoping 2 flow in the different loans,IMF, Saudi aid, Chinese investment.
A difficult time ahead my friend.
PTI is treading on the same path which Pmln used to walk on.
Borrow n control all parameters.
Dangerous for pak.
No change i am expecting, sorry to say but where the things i m looking from doesn't make me very hopeful for at least in this fy.

It was $19 billion is last financial year bro and $14.5 in this year at this time of the year, you can go and check it. Sorry the financial performance is better than previous govt. This is open data you don't need my info for it you can check it for your self bro.

Haha, Be happy with the baksheesh, you will get the next installment on Jan 15,2019. Its such an achievement. Meanwhile...

Exports reduced by $125m in Nov 2018, $ 400 Million decline in remittances
https://www.thenews.com.pk/print/404892-exports-reduced-by-125m-in-nov-2018

Don't worry after Saudi Arabia, you have UAE..... and then you will find some one else..... Such a big achievement.

Jalnay wala ka munh kala.