Pakistan External Debt

[Olympus81]

Again

Not the political or elite class though.

 

[ACE OF HEARTS]

Why is State Bank of Pakistan or Minister of Finance sleeping?

All banks must be forced to obligation use China's CIPS RMB payment system, for all international transactions.

This is specifically directed at stopping the outflow of the USD out of the country.

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[nahtanbob]

Why is State Bank of Pakistan or Minister of Finance sleeping?

All banks must be forced to obligation use China's CIPS RMB payment system, for all international transactions.

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What good is it if China does not buy Pakistani products?

 

[Fatman17]

Why is State Bank of Pakistan or Minister of Finance sleeping?

All banks must be forced to obligation use China's CIPS RMB payment system, for all international transactions.

This is specifically directed at stopping the outflow of the USD out of the country.

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We follow IMF dictat

 

[Mav3rick]

I am sorry but you should stop overestimating your worth. Looks like just because you are muslim country, other muslim countries should help you? Investing US afford them the returns. Investing in Pakistan is throwing money down the drains.

Why would you say that? Our Military is 2nd to none; the only thing on which we lag behind first world countries is tech. Investment by the Arab/GCC countries in Defence related R&D in Pakistan would have done wonders for both the Pakistani Military and the GCC Militaries.

 

[Mav3rick]

What could be the reason for this sudden bad blood between Pakistan and UAE/GCC? Is it due to lack of full-throated support towards GCC in this war? I thought Pakistan is skilled in negotiating multiple interests with tact, among adversaries.

The situation is not really clear, there is a lot of hearsay; some say that bad blood between Saudis and Emiratis has forced Pakistan to pick a side and the Emiratis do not like it. Some say that the Emiratis did not like the way Pakistan was defending Saudi interests and Iranian interests but is not as vocal about Emirati interests etc.

It's hard to ascertain what exactly is the problem. But my take is that nobody is very happy with the UAE's lean towards Israel; they are literally acting as a trojan horse, as was recently stated by an ex-Saudi Official.

 

[Mav3rick]

asking people to eat grass?

Pakistan is an agricultural country, we have enough internal resources to feed the entire country.

 

[Mav3rick]

I am not blaming India here. It's just debt increase because world over money accumulation is increasing. Pakistan is just bad at managing her debts and economy, thats it.
View attachment 190527

Is it not very sad that even after so many decades, we still haven't learnt to manage things better?

And I simply do not understand why the elite of the country are hell bent on consuming imported goods but would not produce anything worthwhile for export. We couldn't even learn from Vietnam and Bangladesh, let alone India. It is good that our IT exports are now picking up but considering how India has done, our IT exports should have been over 20 Billion by now, our textile exports should have been over 50 Billion, our agricultural exports should have been over 20 Billion. Why don't we learn from the expertise of countries like the Netherlands for such purposes?

 

[Mav3rick]

Why is State Bank of Pakistan or Minister of Finance sleeping?

All banks must be forced to obligation use China's CIPS RMB payment system, for all international transactions.

This is specifically directed at stopping the outflow of the USD out of the country.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

I doubt we can do that without pissing off the US, and we cannot afford to piss off the US, especially not when we are in an IMF program with a FATF Country assessment coming up in 3 years.

Look at some of the major powers in BRICS, they were about to launch their own currency and payment gateway but 1 threat from Trump and they all settled down in their little nests. No country in the world dares piss off the US, so how can we?

 

[nahtanbob]

The situation is not really clear, there is a lot of hearsay; some say that bad blood between Saudis and Emiratis has forced Pakistan to pick a side and the Emiratis do not like it. Some say that the Emiratis did not like the way Pakistan was defending Saudi interests and Iranian interests but is not as vocal about Emirati interests etc.

It's hard to ascertain what exactly is the problem. But my take is that nobody is very happy with the UAE's lean towards Israel; they are literally acting as a trojan horse, as was recently stated by an ex-Saudi Official.

It is an open secret that the Saudis and the UAE have been moving towards a deal with Israel. The only real issue is the terms of the deal

There are 1+ million Pakistani workers in the Emirates.

Right now, both Saudis and the UAE want Iran militarily neutralized. Rightfully so, from their perspective.

 

[nahtanbob]

Is it not very sad that even after so many decades, we still haven't learnt to manage things better?

And I simply do not understand why the elite of the country are hell bent on consuming imported goods but would not produce anything worthwhile for export. We couldn't even learn from Vietnam and Bangladesh, let alone India. It is good that our IT exports are now picking up but considering how India has done, our IT exports should have been over 20 Billion by now, our textile exports should have been over 50 Billion, our agricultural exports should have been over 20 Billion. Why don't we learn from the expertise of countries like the Netherlands for such purposes?

Competing on the global market requires single-minded focus on business and economics.

 

[PAKISTANFOREVER]

It is an open secret that the Saudis and the UAE have been moving towards a deal with Israel. The only real issue is the terms of the deal

There are 1+ million Pakistani workers in the Emirates.

Right now, both Saudis and the UAE want Iran militarily neutralized. Rightfully so, from their perspective.

NOT happening. Iran CANNOT be militarily neutralized by ANY country on earth as recent events have shown. There is a REASON why Iran has NEVER EVER been colonized by the white european races.

 

[Pakistan Space Agency]

I think the UAE Pakistan supposedly spat is being blown out of proportion.

Pakistan has been requesting to roll UAE loans for quite sometime. Completely natural for UAE to ask their money back, considering the predicament they’re in. In addition these loans were marked at quite high interest rates.

Hence, made sense to both parties. Only problem is Pakistan is facing a double crunch with high oil prices.

Essentially, a gift that keeps giving. Shahbaz, Zardari and the boys were sitting pretty for 4 years and now there is an incoming financial storm. And here we are.

I think people are misinformed or just confused, and are adding their usual conspiracy theories for no reason.

The $12 billion roll overs were agreed with Saudi Arabia, the UAE and China until September 2027 as part of one of the conditions imposed by the IMF.

Since June 2024, State Bank of Pakistan started purchasing dollars from the interbanks to wean itself off these rollovers:

Pakistan's actual foreign reserves

Month​	Amount​	Running Total​
June 2024	$573 million	$573 million
July 2024	$722 million	$1.295 billion
August 2024	$569 million	$1.864 billion
September 2024	$946 million	$2.810 billion
October 2024	$1.030 billion	$3.840 billion
November 2024	$1.150 billion	$4.990 billion
December 2024	$536 million	$5.526 billion
January 2025	$154 million	$5.680 billion
February 2025	$223 million	$5.903 billion
March 2025	$860 million	$6.763 billion
April 2025	$473 million	$7.236 billion
May 2025	$522 million	$7.758 billion
June 2025	$502 million	$8.260 billion
July 2025	$189 million	$8.449 billion
August 2025	$257 million	$8.706 billion
September 2025	$1.020 billion	$9.726 billion
October 2025	$1.030 billion	$10.756 billion

@hydrabadi_arab @ghazi52 , brothers do you have the figures for the last few months?

 

[Pakistan Space Agency]

We follow IMF dictat

I don't think so.

We have 30 billion yuans and we are asking China for another 10 billion.

26/04/2025: Pakistan requests extra 10 billion yuan on China swap line, says finance minister: Reuters

 

[mythbuster]

I think people are misinformed or just confused, and are adding their usual conspiracy theories for no reason.

The $12 billion roll overs were agreed with Saudi Arabia, the UAE and China until September 2027 as part of one of the conditions imposed by the IMF.

Since June 2024, State Bank of Pakistan started purchasing dollars from the interbanks to wean itself off these rollovers:

Pakistan's actual foreign reserves

Month​	Amount​	Running Total​
June 2024	$573 million	$573 million
July 2024	$722 million	$1.295 billion
August 2024	$569 million	$1.864 billion
September 2024	$946 million	$2.810 billion
October 2024	$1.030 billion	$3.840 billion
November 2024	$1.150 billion	$4.990 billion
December 2024	$536 million	$5.526 billion
January 2025	$154 million	$5.680 billion
February 2025	$223 million	$5.903 billion
March 2025	$860 million	$6.763 billion
April 2025	$473 million	$7.236 billion
May 2025	$522 million	$7.758 billion
June 2025	$502 million	$8.260 billion
July 2025	$189 million	$8.449 billion
August 2025	$257 million	$8.706 billion
September 2025	$1.020 billion	$9.726 billion
October 2025	$1.030 billion	$10.756 billion

@hydrabadi_arab @ghazi52 , brothers do you have the figures for the last few months?

Not getting it , is this the amount SBP bought from the open market ?