For­eign ex­change re­serves

Enterprise - - Letter -

Never in the his­tory of Pak­istan have our for­eign ex­change re­serves crossed the $20 bil­lion line, claims the gov­ern­ment and the prime min­is­ter con­grat­u­lated the fi­nance min­is­ter ap­plaud­ing his ef­forts in achiev­ing this Her­culean fis­cal mar­vel.

This is, in­deed, a mat­ter to re­joice for all Pak­ista­nis and we sin­cerely hope, wish and pray that all th­ese re­serves are ours and ours alone and not loaded with for­eign debts from the World Bank, IMF, ADB, some con­sor­tium or any donor coun­try, for which we would have to not only pay back the prin­ci­pal amounts in dol­lars, eu­ros and yuans, but also heavy in­ter­est pay­ments.

Colonel (retd) Riaz Jafri


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