Pakistan reserves decrease $591 mln to $7,457.3

[SunilM]

TABLE - Pakistan reserves decrease $591 mln to $7,457.3

KARACHI, Pakistan, Dec 27 (Reuters) - Pakistan's foreign
exchange reserves decrease $591 million to $7,457.3 million in
the week ending Dec 21, compared to $8,048.3 million in the
previous week, central bank said on Thursday.
RESERVES Week ending Previous Week Change/pct
($ billions) Dec 21
Held by the State $7,457.3 mln $8,048.3 mln -7.3
Bank of Pakistan
Held by $6,560.5 mln $6,536.2 mln 0.3
commercial banks
Total $14,017.8 mln $14,584.5 mln -3.8
The reserves decreased $591 million week ending December
21, due to external debt servicing and other official payments,
the central bank said on Thursday.

https://in.reuters.com/article/paki...to-74573-mln-week-ending-dec-21-idINL3N1YW39U

This is after an injection of 2 billion dollars by SA till date. Question is not if but when does Pakistan approach IMF.

 

[Windjammer]

Damn, we need to open a few call centres to give the clowns from next door to do something with their worthless lives.
One wonders why the so called supa pawa still needs aid from donors.

India Receives Billions in Aid from Japan to Revitalize the Northeast
https://www.irinsider.org/south-asi...in-aid-from-japan-to-revitalize-the-northeast

 

[Skull and Bones]

This is very sad and very bad.

 

[SunilM]

They gobble up more than a billion dollars every month. They will put zardari and co in jail before accepting the IMF program. Thats for sure.

 

[Laozi]

Damn, we need to open a few call centres to give the clowns from next door to do something with their worthless lives.

Where " AXACTly" such call centers will be situated to acomodate guys next door?

Hope and pray such plans work for your country and lift your sagging forex reserves

 

[Skull and Bones]

They gobble up more than a billion dollars every month. They will put zardari and co in jail before accepting the IMF program. Thats for sure.

They are losing their leverage against IMF with every moment they are passing with their buffoonery.

 

[enquencher]

Where " AXACTly" such call centers will be situated to acomodate guys next door?

Hope and pray such plans work for your country and lift your sagging forex reserves

Dnt engage him..he farts as his name suggest.

On topic what is xactly inflow of dollars in pakistan economy every month n from which source.n where does the dollars go..what part as loan repayment? @SunilM @BHarwana

 

[Jinn Baba]

But PM house is now a university and Punjab Governor House is open to the public for picnics - and that's all that matters anyway, $200 billion from foreign Pakistani accounts will be coming soon and after that we will be rich!

 

[Windjammer]

[

Where " AXACTly" such call centers will be situated to acomodate guys next door?

Hope and pray such plans work for your country and lift your sagging forex reserves

If Prem, Preety and Patil can ape to be Paul, Pamela and Peter for a few thousand rupees, I'm sure we can accommodate them bar the lines, thank you come again.

 

[Windjammer]

Dnt engage him..he farts as his name suggest.

On topic what is xactly inflow of dollars in pakistan economy every month n from which source.n where does the dollars go..what part as loan repayment? @SunilM @BHarwana

We know you are the habitual fart smeller, no need to disclose it on the open forum.

 

[SunilM]

But PM house is now a university and Punjab Governor House is open to the public for picnics - and that's all that matters anyway, $200 billion from foreign Pakistani accounts will be coming soon and after that we will be rich!

Also, today, PM's approval for a private airline is being celebrated. You heard it right...approval for a private airline to exist. Leave alone the fact that it may take an year or two for the airline to actually come into existence. Wah re Imran Khan!

 

[Fawadqasim1]

This is what pmln did to the country in five years
If someone can't see it he /she is blind

 

[Agnihotra]

Where " AXACTly" such call centers will be situated to acomodate guys next door?

Hope and pray such plans work for your country and lift your sagging forex reserves

nope, dont want any competition in backyard.

This is what pmln did to the country in five years
If someone can't see it he /she is blind

its over 100 days for Pakistan under new PM and you guys are still facing this same problem from the first day of him becoming a pm.

why hes not doing anything ?

 

[KhalaiMakhlooq]

TABLE - Pakistan reserves decrease $591 mln to $7,457.3

KARACHI, Pakistan, Dec 27 (Reuters) - Pakistan's foreign
exchange reserves decrease $591 million to $7,457.3 million in
the week ending Dec 21, compared to $8,048.3 million in the
previous week, central bank said on Thursday.
RESERVES Week ending Previous Week Change/pct
($ billions) Dec 21
Held by the State $7,457.3 mln $8,048.3 mln -7.3
Bank of Pakistan
Held by $6,560.5 mln $6,536.2 mln 0.3
commercial banks
Total $14,017.8 mln $14,584.5 mln -3.8
The reserves decreased $591 million week ending December
21, due to external debt servicing and other official payments,
the central bank said on Thursday.

https://in.reuters.com/article/paki...to-74573-mln-week-ending-dec-21-idINL3N1YW39U

This is after an injection of 2 billion dollars by SA till date. Question is not if but when does Pakistan approach IMF.

Foreign exchange reserve can be defined as deposits of a foreign currency held by the central bank of a country. Here are some of the reasons why it is important for a country to have good amount of foreign exchange reserves

1. It increases the confidence in the monetary and exchange rate policies of the government.

2. It enhances the capacity of the central bank of the country to intervene in the foreign exchange market and control any adverse movement and stabilise the foreign exchange rates to provide a more favourable economic environment for the progress of the country.

3. During time of any crisis foreign exchange reserves come to the rescue of any country so as to absorb the distress related to such crisis.

4. It also adds to the comfort of market participants that domestic currency is backed by external assets and hence it also helps the equity markets of the country, because due to strong reserves many people from foreign countries are willing to invest in the country having strong foreign exchange reserves.

However holding too much foreign exchange reserves is also not advisable because it involves the opportunity cost of money tied in reserves rather than investing somewhere else which could have earn higher return on the invested amount.

It seems this reduction in foreign currency held by Pakistan reflects a subtle move towards a government isolationist policy. This could be because of a number of different factors including the withdrawal of US in Afghanistan.

 

[SunilM]

However holding too much foreign exchange reserves is also not advisable because it involves the opportunity cost of money tied in reserves rather than investing somewhere else which could have earn higher return on the invested amount.

It seems this reduction in foreign currency held by Pakistan reflects a subtle move towards a government isolationist policy. This could be because of a number of different factors including the withdrawal of US in Afghanistan.

Its because you spend more than you earn. Because you run a huge trade deficit. Your trade deficit with Iron brother alone is more than 15 billion dollars. You don't produce anything worthwhile to export. You have no manufacturing base. You, like Venezuela are an import dependent company. After some time, you are prone to approaching Ummah, Iron Brother and IMF for a lifeline. Its an addiction you need to work upon.