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Pakistan’s forex reserves fall to $12.565 billion

Discussion in 'South Asia & SAARC' started by Anees, Mar 15, 2013.

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  1. Anees

    Anees Lt. Colonel ELITE MEMBER

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    Pakistan’s forex reserves fall to $12.565 billion

    Pakistan’s foreign exchange reserves dropped to $12.565 billion in the week ending March 8, from $12.804 billion in the previous week, the central bank said on Thursday.

    Remittances from Pakistanis abroad rose 7.47 percent to $9.23 billion in the first eight months, July to February, of the 2012/13 fiscal year, from $8.59 billion in the same period last year.

    An amount of $1,028 billion was remitted by overseas Pakistanis in February 2013 as against $ 1,156 billion in the same month of the last fiscal year (February 2012).


    Pakistan?s forex reserves fall to $12.565 billion | Business | DAWN.COM
     
  2. farhan_9909

    farhan_9909 BANNED BANNED

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    while under musharaf they were in increasin mode but since 2008

    pakistan debt from 1947-2008 feb=33billions $
    pakistan debt from 2008 feb 2013 march=66billions$

    if they stay 1 year more we will be forced to become cannible and eating each other.
     
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  3. Anees

    Anees Lt. Colonel ELITE MEMBER

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    Out of this Pakistan has to pay 5 billions back to its creditors....:evilgrin:
     
  4. Skull and Bones

    Skull and Bones Doctor Death Staff Member MODERATOR

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    Pakistani economy will end up in spiral after US exit from Afghanistan, as they can't periodically blackmail them by closing the route and ask for AID.
     
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  5. khudahafis

    khudahafis REGISTERED

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    G.a.o.t.u
     
  6. shree835

    shree835 FULL MEMBER

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    This is all because …In general Country is owning Army , but here in case of Pakistan , PAKISTANI Army is owning country…Like NORTH KOREA.
     
  7. Unregistered Soldier

    Unregistered Soldier FULL MEMBER

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  8. AccessDenied

    AccessDenied Captain SENIOR MEMBER

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    Pakistan needs to stop being preoccupied with the 'Indian threat' and prioritize on trade before its too late.

    Of all kinds of threats that a nation can face, economic ruin is almost as bad as an all-out civil war.
     
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  9. Skull and Bones

    Skull and Bones Doctor Death Staff Member MODERATOR

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  10. kaykay

    kaykay 2nd Lieutant FULL MEMBER

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    so rather cheering about nato exit from afganistan and rise in militancy in kashmir post 2014 they should concern about their economy.......
     
  11. Skull and Bones

    Skull and Bones Doctor Death Staff Member MODERATOR

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    Pakistan is not realizing it yet, but NATO exit will infact have a bad effect on Pakistan. Both in terms of security and economy.
     
  12. Jungibaaz

    Jungibaaz Lt. Colonel ELITE MEMBER

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  13. Jungibaaz

    Jungibaaz Lt. Colonel ELITE MEMBER

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    I disagree.

    The army needs quite a bit of adjustment, sure.
    But the army is the least to blame for current economic situation.
     
  14. DaRk KnIght

    DaRk KnIght Lt. Colonel ELITE MEMBER

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    PRC- 2.2 mn Army, population 130 crores.

    India- 1.3mn Army, Population 120 crores.

    Pakistan 0.7mn Army, Population 20 crores.


    Your Army need a major adjustment.

    (You may compare area of the respective countries as well).
     
  15. Jungibaaz

    Jungibaaz Lt. Colonel ELITE MEMBER

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    I agree,
    Army is the fat boy of all sectors of government spending.
    And army is overrepresented in every respect.

    Partly because it is just that and partly because it has bigger threats in mind.

    If the Pakistani people are allowed to elect who they like and elections and elections campaigns are watched closely, then I'm sure PA will be dealt down a bit, likely not at the cost of capability.

    But again, today's economic situation has little to do with PA.
    Under military rule, Pakistani people have experienced years of non-inflationary sustained growth.
    Proper development projects, fiscal and monetary measures geared to aid growth.
     
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