Pakistan intends to achieve US$20 billion foreign reserves by December 2016.

1. Foreign Reserves
$20
Billion
A Critical Analysis

2. Mission
Government of Mian Nawaz Sharif
intends to accumulate foreign
reserves of Pakistan up to $20 billion
by 2016 to pay foreign debt and
facilitate importers.
Ishaq Dar and Sartaj Aziz are key
economic managers whereas
economic critics are Dr. Qaiser
Bengali and Dr. Ashfaque Hasan
Khan.

3. Key Strategies 2013
• Control of speculators by
commercial banks
• Obtaining GSPP Status from
European Union that will inflow
$1500 million annually
• Facilitation to overseas Pakistanis
• Facilitation to exporters
• Investment & Amnesty Package
Key Strategies 2014
• $800 million from Itesalat
• $800 million from Coalition
Support Fund
• $1100 million from Auction of 3G
Spectrum
• $100 million from Islamic
Development Bank
• Issuance of Global Rupee Bond in
collaboration with IFC
• Facilitation to overseas Pakistanis
• Facilitation to exporters
• Publication of Tax Directory
• Formation of Tax Advisory
Council
• Privatization of PIA, HEC &
National Power Construction Co.

4. Results 2016
• Itesalat & 3G Spectrum $2.0 Billion
• Generalized System of Preferences Plus $4.5 Billion
• Coalition Support Fund $0.8 Billion
• Islamic Development Bank $0.1 Billion
• Issuance of Global Rupee Bond $1.0 Billion
• Foreign Remittances $54.0 Billion
• Privatization of SOEs $1.5 Billion
$63.9 Billion
• Imports – Exports ($43 Billion)

5. Progress (March 2014)
• SBP $5.3 Billion
• Banks $4.7 Billion
Progress (Sep 2014)
• SBP $ Billion
• Banks $ Billion

6. Discussion
Q: Is it possible to achieve the target by
2016?
A: Strategies are practical and result
oriented. More facilities must be
given to exporters and Non Resident
Pakistanis.
Q: Should government concentrate on
foreign debt retirement and
revamping corporate sector?
A: Government has empowered SECP
and SMEDA to bring economic
change.
Q: Can anyone augment this
presentation?
A: Students of KAEC, PIDE, LUMS, etc. are
welcome.
Sajid Imtiaz
Expert Member, CDKN
Member,Pakistan Society of Criminology
Member, Harvard Business Review
Economic Advisor shortlisted, British
High Commission Islamabad
Feedback: sajedimtiaz@hotmail.com

7. Discussion
Q: Is it possible to achieve the target by
2016?
A: Strategies are practical and result
oriented. More facilities must be
given to exporters and Non Resident
Pakistanis.
Q: Should government concentrate on
foreign debt retirement and
revamping corporate sector?
A: Government has empowered SECP
and SMEDA to bring economic
change.
Q: Can anyone augment this
presentation?
A: Students of KAEC, PIDE, LUMS, etc. are
welcome.
Sajid Imtiaz
Expert Member, CDKN
Member,Pakistan Society of Criminology
Member, Harvard Business Review
Economic Advisor shortlisted, British
High Commission Islamabad
Feedback: sajedimtiaz@hotmail.com