SBP’s forex reserves jump by $1.181 bn - Pakistan ...

2 years of PTI with the economy

As PTI comes onto two years, I felt like making this post on account of seeing multiple people supporting PML-N for having an allegedly better economy for Pakistan, particularly with allegations present that PTI has done nothing for the economy. So here's a short list of some major achievements done by PTI in contrast to PML-N.
This is by no means a highly comprehensive list, just my opinion on some of the bigger achievements; saving the economy from defaulting, adopting tax reforms, tourism reforms, export reforms among them whilst managing covid and economic stability with relative success.
There are of course a multitude of other factors, successfully avoiding a blacklist from the FATF, macroeconomic reforms, attempts to strengthen the working class; ehsaas programs, Naya Pakistan housing schemes alongside other relief efforts. These are measures in accordance with curtailing the effect of increasing taxation and attempts to abate the economic slowdown that came as a result of forcing an increase in government revenue. Alongside the focus on multiple new hydroelectric dams, industrial cities, reduction of the PM office staff from 552 to 298, 10 billion tree project and an overall renewed interest in renewable energy and green Pakistan. The list is comprehensive.
Pakistan remains on a rocky path, it is not out of the woods yet. Covid-19 has seriously hampered the overall projections, and caused a worldwide economic contraction. Not only that, but there are criticisms that can be attributed to the government as well, as they are not without fault. However, the overall achievements of the government with regards to the economy do present hope for the long-term fiscal policy and development of Pakistan.
submitted by moron1ctendenc1es to pakistan [link] [comments]

Forex reserves scale record high of $434.6 billion

Forex reserves scale record high of $434.6 billion submitted by notingelsetodo to IndiaSpeaks [link] [comments]

IMF Strict Conditions- A Major Threat to the Country’s Economy

IMF Strict Conditions- A Major Threat to the Country’s Economy
Pak Revenue

The direction of the country’s economy needs to be corrected otherwise; the current economic condition may lead to great haram in the near future.
Chamber of Commerce and Industry (LCCI) Shahid Rasheed Butt said, “A 17% increase in revenue and enhanced forex reserves amid economic slowdown are surprising and indicate that country is not heading in the right direction.”
Despite the steady economic growth of the country, the revenue was still increasing due to the business community targeted to pay tax by the Federal Board of Revenue (FBR) officials.
Shahid Rasheed Butt informed that an ambitious revenue target set by the International Monetary Fund (IMF) couldn’t be met by the Federal Board of Revenue.
Due to the fragile economy, delayed refunds, and various other issues, exports in January recorded a reduction of 3.4% to $1.96 billion.
“Attracting foreign funds with high-interest rates can be repatriated any time that will unleash another crisis in Pakistan, therefore many economic exports are warning against this policy, Butt remarked.
President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain indicated the crucial need for revising the IMF conditions. The strict IMF terms should not be a major vulnerability to the economy of the country, he added.
Although IMF program has diminished current account deficit and reinforced forex reserves yet, it has affected the growth rate, business, employment, and production. The IMF reports to increase taxes are practically disturbing, Zahid Hussain shared.
He noted that the growth rate has already been fallen to 60% to get $ 6 billion which resulted in unemployment and increased liquidation.
Mian Zahid Hussain further said, “After the IMF deal, Rupee saw record erosion in its value but it hasn’t helped to improve the exports as expected while the public debt rose to unsustainable levels.”
submitted by Pak_Revenue to u/Pak_Revenue [link] [comments]

Huge Decline In Pak Foreign Currency Reserves  Dollar Up Rupee Down Foreign Exchange Reserves in Pakistan Increased  Foreign Reserves  SBP  PAKISTANI ECONOMY  RBTV India's reserve is $ 417 billions and Pakistan is crying ... pakistan media on foreign reserves of pakistan l pak media on india Indian Foreign Exchange Reserves  Set A Record  Surprise Pakistani Reaction  PNMM

SBP’s forex reserves jump by $1.181 bn Scientists see downsides to top COVID-19 vaccines from Russia, China Prices of petroleum products to remain unchanged, orders PM Cannot turn a blind eye to ... September 10, 2020 (MLN): Pakistan's Forex Reserves increased by USD 118.50 Million or 0.6% and the total liquid foreign reserves held by the country stood at USD 19,961.30 Million on Sep 04, 2020. According to data published by the State Bank of Pakistan (SBP) its reserves increased by USD 95.10 Million. The increase in reserves is mainly attributed to proceeds of US$ 121 million from Asian ... Foreign Exchange Reserves in Pakistan increased to 19907.50 USD Million in August from 19598.60 USD Million in July of 2020. Foreign Exchange Reserves in Pakistan averaged 16095.12 USD Million from 1998 until 2020, reaching an all time high of 24025.80 USD Million in October of 2016 and a record low of 1973.60 USD Million in December of 1999. The total liquid foreign exchange reserves of the country stood at USD19,351 million as of October 2nd, 2020. As per the data released by the State Bank of Pakistan (SBP), the forex reserves ... Pakistan's foreign exchange reserves decrease $146 million to $11,975.6 million in the week ending July 24, compared to $12,121.6 million in the previous week, central bank said on Thursday. Forex reserves tumble by over $1 billion in a week. Share: Share. Tweet. Imran Ali Kundi. April 19, 2019. ISLAMABAD - Pakistan’s foreign exchange reserves tumbled by over one billion dollars in last week mainly due to the repayment against Pakistan Sovereign Bond. Pakistan’s foreign exchange reserves have declined by $1.03 billion to $16.2 billion during previous week. The reserves held by ... October 08, 2020 (MLN): Pakistan's Forex Reserves decreased by USD 183.80 Million or 0.94% and the total liquid foreign reserves held by the country stood at USD 19,351.00 Million on Oct 02, 2020. During the week ending Oct 02, 2020, SBP made external debt repayment of US$ 580 million. After accounting for official inflows, including US$ 300 million received from Asian Development Bank (ADB ...

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Huge Decline In Pak Foreign Currency Reserves Dollar Up Rupee Down

Indian Foreign Exchange Reserves Set A Record Surprise Pakistani Reaction PNMM ... Pak Media On India - Duration: 10:29. Raj News MP 353,988 views. 10:29. Pakistani Reacts On TANDAV By Sayani ... pakistan media on foreign reserves of pakistan l pak media on india ... Most imp to bhul gaye hum pak media india's international relations par kafi baat hoti, jaise ki india china news.india ... Foreign Exchange Reserves State Bank of Pakistan Pakistan Economy Pakistan Foreign Reserves Foreign Reserves of Pakistan Foreign Reserves Foreign... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Due to this down in foreign reserves, Pak currency Rupee is depreciated due to dollar outflow and dollar touches to 165 Rupee. More payments are due in June with worth of $3 Billions against ...

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