Twirp: Terrorist Wahabi Islamic Rep Pakistan 5

[Naresh]

<!--QuoteBegin-rhytha+Oct 16 2009, 01:59 AM-->QUOTE(rhytha @ Oct 16 2009, 01:59 AM)<!--QuoteEBegin-->i could'nt stop lauging at this paki-fora post on kerry-lugger bill!

"Big question is now will Pakistan turn down the offer of $7.5 billion over next 5 years? My hunch says Pakistan will take the money."

LOL
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<b>rytha Ji :</b>

1. This USD 7.5 Billion over next 5 years i.e. USD 1.5 Billion Annually is a "Grant" and will not have to be repaid.

As such Pakistan will accept whatever conditions the You Knighted States of America enforces on Pakistan in respect of this "Aid - Grant".

<b>2. Pak forex reserves shrink by $284.7 mln</b>

KARACHI: The liquid foreign exchange reserves of the country have decreased by 284.7 million dollars because of Government’s quarterly payments against external debts.

Pakistan's total liquid foreign reserves have shruck to 14.4641 billion dollars, said a statement issued by State Bank of Pakistan here on Thursday.

On October 10, 2009, the foreign reserves held by State Bank amounted 10,889.6 million dollars, whereas net foreign reserves held by banks other than SBP figured 3,574.5 million dollars

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->