Is Nawaz Government going to freeze Curreny Accounts?

[kakajee]

Our reserves are already as low as 3B $ which is hardly sufficient for 3-4 weeks of imports. our banks are crumbling and infact will crumble if the things are not amended. Dollar has already crossed 110.

I think there is a real possibility that Nawaz government freezes the Foreign Currency accounts as they did in 1998 last time. Protect the accounts people.


Moreover I want to ask, is there any chance that if we fall further below that the commercial banks also get doomed? Should we save the money in these banks?

 

[kakajee]

Where are the specialists of Sisast.pk when we need them? Guys please help us here.

 

[anyie1]

keep your dollars under the pillow... dont trust these looters.. they can do anything anytime

 

[uetian]

It is a serious blunder to keep foreign currency deposits in the banks in Pakistan. If any foreign currency account holder hasn't got a painful lesson in '98, then he/she would get this time ;)

 

[Believer12]

snake will bite again its nature do not be angry on him make ur side safe.

 

[Omrkhan]

http://www.nationalturk.com/en/pakistans-foreign-exchange-reserves-hit-12-year-low-45003


http://www.nation.com.pk/pakistan-n.../columns/24-Nov-2013/pakistan-s-economic-risk

 

[Omrkhan]

http://www.thenews.com.pk/Todays-News-13-26900-Forex-reserves-touch-danger-level-of-$3.2-bn

 

[AsifAmeer]

I warned of a steep depreciation, rising interest rates and collapse of some Pakistani Commercial banks in this article
http://blogs.thenews.com.pk/blogs/2012/06/the-looming-currency-crisis/

Hope that helps.

Where are the specialists of Sisast.pk when we need them? Guys please help us here.

 

[naveed]

Where are the specialists of Sisast.pk when we need them? Guys please help us here.

keep your dollars under the pillow... dont trust these looters.. they can do anything anytime

It is a serious blunder to keep foreign currency deposits in the banks in Pakistan. If any foreign currency account holder hasn't got a painful lesson in '98, then he/she would get this time ;)

snake will bite again its nature do not be angry on him make ur side safe.

http://www.nationalturk.com/en/pakistans-foreign-exchange-reserves-hit-12-year-low-45003


http://www.nation.com.pk/pakistan-n.../columns/24-Nov-2013/pakistan-s-economic-risk

I warned of a steep depreciation, rising interest rates and collapse of some Pakistani Commercial banks in this article
http://blogs.thenews.com.pk/blogs/2012/06/the-looming-currency-crisis/

Hope that helps.

I recently opened up an account in Pakistan to bring money in from overseas for investment purposes. I did discuss this with one of my friends who is a bank manager. He told me Nawaz Sharif did it before and he may do it again since the situation is looking bleak, so I ended up opening rupee account instead of dollar account

 

[AsifAmeer]

You have my sympathies...

I recently opened up an account in Pakistan to bring money in from overseas for investment purposes. I did discuss this with one of my friends who is a bank manager. He told me Nawaz Sharif did it before and he may do it again since the situation is looking bleak, so I ended up opening rupee account instead of dollar account

 

[naveed]

You have my sympathies...

Did I do the right thing, Mr expert?

 

[AsifAmeer]

You should ask that to an expert, not me.

Did I do the right thing, Mr expert?