
This is what the Foreign reserve chart looks like according to the data released this morning.
Notice the drop and then JUMP in 2008? Thats when Pakistan went almost bankrupt and was bailed out by the IMF.
Notice the small rise in July of 2012? Thats when Pakistan received the $1.12 billion in CSF from US.
So at around $8.5 billion, State Bank was in crisis mode. Look at the level these days. Decide for yourself...
Folks, a status-Quo policy WILL NOT WORK. Demand this BoP policy be implemented.
