Pakistan’s foreign exchange reserves to reach 19 billion dollars by end this month: Finance Minister

[Zee-shaun]

And this, gentlemen is the real reason behind the Pulwama falsflag and the aftermath.
A properous and stable Pakistan is a nightmare for certain parties including some of our neighbors.

 

[ziaulislam]

18th amendment really fcked us, anyways correcting that mistake will require a govt with simple majority so we have to wait 4 yrs for that. For the time bieng tax net needed to be widened like yesterday. Pakistans tax potential is huge.

Well its not a bad idea ..what govt needs to do is to give up something's to provinces

E.g all distribution companies should be privatized, Benazir income should be devolved and other subsides hand over to provinces..by doing this govt will have more money saved

Ultimately income will have to be increased

 

[Hakikat ve Hikmet]

Pak economy is directly proportional to the kills by PAF....

 

[ziaulislam]

Anyways reserves will go up rapidly next year once oil deferred payment set in .

I am curious about the return period of the saudi /uae loan.

At least 8 billion of saudi package is yet to come..(2+3+3)
While chinese package will be baost reserves by another 2b$

I think year 2020 will be where we will achieve the equilibrium and CAD of 2-3%gdp

 

[Gorgin Khan]

55.7 trillion rupees..
Taxes around 40t rillion
60% taxes go to provinces (around 25t)
Rest 25-30t are left with center

Center pays 20t in loans return 13-14t in military +pensions..thus starting with -6t budget(minus)
So govt borrow 5-6% of gdp(15t) to cover this deficit and development funds

This is called primary deficit(-6t) and has to be corrected

Provinces revenues are separate i am not aware of that value

Ruthless borrowing has caused a fiscal diasaster creating a puddle which current govt is stuck in

Its unporportional growth

We need a private sector driven growth not motorways-metros driven growth

So primary deficit fiscal deficit and Current account deficit is three headed hydra that PTI is fighting

There is nothing like unproportional growth , these are lame excuses , we have examples of countries flying with GDP growth rates , Lets say its the incompetency of the whole bureaucracy and politicians of Pakistan.And as usual it is being sucked back from the blood of public, No matter what you guys say, this is the truth. Unless we have a research base , more transparency , forget about development . We will always be satisfied with these peanut figures, which in global economy represents nothing.

 

[Yaseen1]

This rise is due to loans from foreign countries and not due to economic performance so it is temporary rise

 

[ziaulislam]

There is nothing like unproportional growth , these are lame excuses , we have examples of countries flying with GDP growth rates , Lets say its the incompetency of the whole bureaucracy and politicians of Pakistan.And as usual it is being sucked back from the blood of public, No matter what you guys say, this is the truth. Unless we have a research base , more transparency , forget about development . We will always be satisfied with these peanut figures, which in global economy represents nothing.

There is..let say i take 30b$ loans and build motorways i will have a good gdp growth but the debt servicing will later make my economy to contract..what do you think happened in greece

Sustainable growth is what a country need driven through human capital and local savings not imported capital

This rise is due to loans from foreign countries and not due to economic performance so it is temporary rise

Rise is duw to decrease in currenr account deficit that has decreased by 1 billion dollars a month ..govt is now losing 800m dollars a month rather than 2 b/month it was early last year

Infact on YoY bases external debt taking dcreased by almost 40%

 

[OCguy]

Just be careful of those Chinese loans. They aren't as forgiving as some creditors. Ask Kenya and Sri Lanka.

 

[Yaseen1]

There is..let say i take 30b$ loans and build motorways i will have a good gdp growth but the debt servicing will later make my economy to contract..what do you think happened in greece

Sustainable growth is what a country need driven through human capital and local savings not imported capital


Rise is duw to decrease in currenr account deficit that has decreased by 1 billion dollars a month ..govt is now losing 800m dollars a month rather than 2 b/month it was early last year

Infact on YoY bases external debt taking dcreased by almost 40%

Tax revenue collection is discouraging

There is..let say i take 30b$ loans and build motorways i will have a good gdp growth but the debt servicing will later make my economy to contract..what do you think happened in greece

Sustainable growth is what a country need driven through human capital and local savings not imported capital


Rise is duw to decrease in currenr account deficit that has decreased by 1 billion dollars a month ..govt is now losing 800m dollars a month rather than 2 b/month it was early last year

Infact on YoY bases external debt taking dcreased by almost 40%

Tax revenue collection is discouraging due to decline in profits of private business and growth cad decrease is also only for time being and again when govt focus on growth and increase in business activity cad will again rise unless major reforms are made .It is normal economic process if you decrease growth cad also decrease and it is not some extraordinary achievement of govt inflation has increased which has lead to decrease in savings of households

 

[ziaulislam]

Tax revenue collection is discouraging

Correct..no change so far..thougj total rwveue is slightly off target because of low tax on oil and no mobile network phone tax..otherwise the performance is identical to PMLN era but this was expected ..
You cant imagine tax refroms to produce results within a year..i doubt we will get anything meaning ful results in first 2-3 years

Tax revenue collection is discouraging


Tax revenue collection is discouraging due to decline in profits of private business and growth cad decrease is also only for time being and again when govt focus on growth and increase in business activity cad will again rise unless major reforms are made .It is normal economic process if you decrease growth cad also decrease and it is not some extraordinary achievement of govt inflation has increased which has lead to decrease in savings of households

Tax revnues showed a healthy growth about 15% ..
This is depsite negative meaures of 100 b by previous govt and 200b loses in phone and oil tax

Remember the last govt throwed in amnesty scheme that earned them around 200b..

Still no change in direct taxes
Second govt is decreasing corporate tax by 1% each yr

 

[Pindi Boy]

These numbers mean nothing fix the tax system and train system & water issue

Bhai Aap kabhi khush nhi ho gay

 

[Gorgin Khan]

There is..let say i take 30b$ loans and build motorways i will have a good gdp growth but the debt servicing will later make my economy to contract..what do you think happened in greece

Sustainable growth is what a country need driven through human capital and local savings not imported capital


Rise is duw to decrease in currenr account deficit that has decreased by 1 billion dollars a month ..govt is now losing 800m dollars a month rather than 2 b/month it was early last year

Infact on YoY bases external debt taking decreased by almost 40%

Yes they are loosing 800 million instead of 2b. But at the cost of what ? slowed economic growth rate. The devaluation of rupee has caused chaos. Inflation rates are almost touching double digits. If all the economic burden has to be passed on to lower and lower middle class. Then what did the government do? Nothing. Or is it that you just want to glorify a single party.

For the reserves , you and i know very well that its borrowed money and we have to pay it back. How it will be payed you know ? De-value rupee , increase inflation suck the blood of the common man in Pakistan via indirect taxes.

I dont want to go into debate, but dont try to misguide yourself by the figures that you are writing here, as i said before these are peanuts.. Think from a perspective of a person who is barely surviving. You will know how life becomes difficult when inflation is continuously hitting them. But i bet no body will talk about the impact and shock waves of government's decisions. They will come up like donkeys on tv and show you manipulated figures which suits them. And it has been happening since decades in this country.

 

[beijingwalker]

Just be careful of those Chinese loans. They aren't as forgiving as some creditors. Ask Kenya and Sri Lanka.

We just wrote off some debts owed by some countries last week, I don't agree with that though, but we've been helping Africa and South Asia for decades, even during the time when we were even poorer than them.

 

[Baghial]

Pakistan’s foreign exchange reserves to reach 19 billion dollars by end this month: Finance Minister
By
admin
-
March 9, 2019

Pakistan's foreign exchange reserves are expected to reach 19 billion dollars by end this month according to Finance Minister Asad Umar.

The finance minister, in meeting with corporate heads in karachi, has said Pakistan is to receive USD 2 Billion from the UAE next week, as confirmed earlierby the State Bank of Pakistan.

Pakistan is also expecting USD 2 Billion from China by the end of this month which will help in keeping the current account deficit in check as well as support the Rupee.



Posted on: 2019-03-09T20:47:00+05:00
26595

SO WHATS THE BAD NEWS? MISTER MINISTER UMER?

U R NOT IN ENGRO ANYMORE........................THIS IS REAL SHHHHITTT

 

[ziaulislam]

Yes they are loosing 800 million instead of 2b. But at the cost of what ? slowed economic growth rate. The devaluation of rupee has caused chaos. Inflation rates are almost touching double digits. If all the economic burden has to be passed on to lower and lower middle class. Then what did the government do? Nothing. Or is it that you just want to glorify a single party.

For the reserves , you and i know very well that its borrowed money and we have to pay it back. How it will be payed you know ? De-value rupee , increase inflation suck the blood of the common man in Pakistan via indirect taxes.

I dont want to go into debate, but dont try to misguide yourself by the figures that you are writing here, as i said before these are peanuts.. Think from a perspective of a person who is barely surviving. You will know how life becomes difficult when inflation is continuously hitting them. But i bet no body will talk about the impact and shock waves of government's decisions. They will come up like donkeys on tv and show you manipulated figures which suits them. And it has been happening since decades in this country.

Sir i would advise you do your home work
Growth rate of 4.4 vs 5.2 is not much different
Infact given govt fiscal deficit will remain around 5-5.5% of gdp instead of 6.9% its actually much better

All money is borrowed you just need to look at interest rates debt to gdp ratio..borrowing infact has gone down(including the arab support fund) reason is CAD has halfed so borrowing requirement is halfed

What PMLN DID was to borrow to limit where everyone except IMF refuses to lend..that has almost change and borrowing has opened up again

Inflation should remain from 5-8% for economy like us an artifical lower inflation will cause slow down in savings...big topic ...

Its not in double digits but may go up theee but whise fault is that..you kept it artificially low and no rupee devaluation will cause it to shoot...had ir been kept at 5-8% this would have never happened

Fact dont lie sentimental speeches like yours are biased and has led us to this situation ..

Werent the Pakistani peoples the sentimental type they would have never voted a party that actually bankrupted us in 1998

Stop blaming the current govt for previous wrong doing there is no magical wond to finish all debts and deficits we should look at change and improvement ..if you fail to find that go and get a check from PMLN media cell

I will critize this govt where its due ..what i am pointing out today i pointed in 2016 when fiscal deficit sky rocketted. This was also pointed out by other scholars like ishafaq hassan and IMF WB in their reports