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Thursday April 25, 2024

Forex joy

This refers to the news reports, ‘Country’s forex reserves at historic $20 billion figure: Dar’ (October 2). Never in the history of our country have foreign exchange reserves crossed the $20 billion mark, as claimed by the government. It is indeed a matter for all Pakistanis to rejoice.We sincerely hope

By our correspondents
October 04, 2015
This refers to the news reports, ‘Country’s forex reserves at historic $20 billion figure: Dar’ (October 2). Never in the history of our country have foreign exchange reserves crossed the $20 billion mark, as claimed by the government. It is indeed a matter for all Pakistanis to rejoice.
We sincerely hope 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 amount in dollars, Euros and Yens but also with heavy interest upon them too.
Col (r) Riaz Jafri
Rawalpindi

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This refers to the news reports, ‘Country’s forex reserves at historic $20 billion figure: Dar’ and ‘Forex reserves decline to $18.349 billion’ (October 2).
These two different versions on the same issue and in the same edition leave one confused. Which of the news stories should we believe?
Muhammad Javed
Manama
Kingdom of Bahrain