And one news jewel added to PML-N's crown
Under PML-N everything is going down except debt
http://www.siasat.pk/forum/showthread.php?403921-Under-PML-N-everything-is-going-down-except-debt
That was only one issue. This is SBP annual report.
MODS, PLZ DONT DELETE OR MERGE THE THREAD. ITS SEPARATE
That was only one issue. This is SBP annual report.
MODS, PLZ DONT DELETE OR MERGE THE THREAD. ITS SEPARATE
yes you are right and my post is not intended to merge this thread with the other one.
کاکا جی کچھ اندر سے بھی پڑھا کرو ، بس سوشل میڈیا سے تصویر اٹھا کر لگا دینا اور حکومت کے خلاف تھریڈ بنانے کی جلدی ہوتی ہے
1.1 Overview
While emerging economies are facing slower economic growth, Pakistan’s economy did reasonablywell in FY15.1 GDP growth posted a marginal increase over last year, whereas key macroeconomicindicators, like inflation, fiscal balance and current account balance, recorded improvements (Table1.1).
Particularly, the external sector has becomemore stable on account of a robust growth inworker remittances; continued support fromIFIs; and a sharp decline in global oil prices.The country’s FX reserves have reached an alltimehigh level of US$ 18.7 billion, which canfinance over 5 months of the country’s importbill.2 This improvement in the external sectorwas critical in maintaining exchange ratestability during the year, and also in dilutingglobal risk perception for Pakistan.
http://www.sbp.org.pk/Reports/Annual/arFY15/Overview.pdf
Very quick postmortem of your post:
1). Remittance
2). Oil prices
3). Borrowed money to increase reserves.
Do Remittance and oil price reduction have anything to do with the government performance? Absolutely NOT. Pakistanis will continue to send the remittances from abroad to help feed their families. Oil prices, again an international game. Despite of being at 10 years low at 35 $, they are still high in Pakistan.
And regarding reserves, I give you a loan of 10 $. so you start boosting as your your hard earned money and consider it as your capital. Do you seriously think that you have 10$?
Well you can, if you have no intentions to give them back or want to simply pass on the debt to your next generations. Does it make you rich?
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