Pakistan : Terrorist Wahabi Islamic Rep Pakistan 7

[Naresh]

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[url="http://www.thenews.com.pk/Todays-News-9-168865-Technocratic-turncoats"][center][size="7"][color="#006400"]Technocratic[/color] [color="#FF0000"]turncoats[/color][/size] [size="3"][color="#FF0000"]- Dr Ashfaque H Khan[/color][/size][/center][/url]

I would also like to draw the attention of the readers towards the imminent debt repayment crisis. The State Bank of Pakistan’s foreign exchange reserves as on March 28, 2013 are close to $7.0 billion. In March alone, the SBP has lost almost $800 million in its reserves. [color="#FF0000"]The SBP’s reserves of $7.0 billion also include $2.3 billion of its forward buying from the commercial banks.



After adjusting for forward buying the SBP’s reserves stood at $4.7 billion.[/color] During April 1 and June 30, 2013, Pakistan will have to repay $905 million to the IMF alone. Assuming little or no inflow during the caretaker regime, [color="#FF0000"]the SBP’s foreign exchange reserves would decline to [size="6"]$3.8 billion by June 30 – a recipe for triggering the crisis of confidence and flight of capital.[/size][/color]

Cheers