Foreign Exchange Reserves

Never in the history of Pakistan our FE reserves crossed the 20 billion dollar line, claims the government and the PM congratulated the Finance Minister applauding his efforts in achieving this Herculean fiscal marvel.  It is indeed a matter to rejoice for all Pakistanis and we sincerely hope, wish and pray that it  is all ours and ours alone and not loaded with some foreign debts from the World Bank, IMF, ADB, some consortium or any donor country, for which we would have not only to pay back the principal amounts in dollars, Euros and Yuans but also with heavy interest upon them too!

Col. Riaz Jafri (Retd)