Olympus81
Trusted Member
Not the political or elite class though.
Pakistan External Debt
- Thread starter ejaz007
- Start date
ACE OF HEARTS
Registered Member
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.
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
Banned
What good is it if China does not buy Pakistani products?
Fatman17
Moderator
We follow IMF dictat
Mav3rick
Registered Member
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
Registered Member
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
Registered Member
Pakistan is an agricultural country, we have enough internal resources to feed the entire country.
Mav3rick
Registered Member
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
Registered Member
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
Banned
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
Banned
Competing on the global market requires single-minded focus on business and economics.
PAKISTANFOREVER
Trusted Member
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
Elite Member
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
Elite Member
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
SpeedLimited
Not getting it , is this the amount SBP bought from the open market ?
