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<blockquote data-quote="mohamedhanas" data-source="post: 27430325" data-attributes="member: 155478"><p>We earned $4.5B per annum from tourism. Last 2 years due to Covid 19 we lost total of $9B. We had reserves in 2019 $7B. It is straightforward why we do not have forex. Restore tourism all these issues are over. The other way to overcome this issue as follows.</p><p></p><p>1. Establish Credit Line Rather going for loans.</p><p>2. Pay and reimburse credit line with tourism income now coming back till we increase Reserves with Foreign Direct Investments. </p><p>3. Increase Export income (This is already done) and restrict unnecessary imports (Done, But need more) </p><p></p><p>4. Import Substitution. E.G Turmeric</p><p></p><p>Difference between Loan and Credit Line is with loans we can increase reserves but we cannot trust politicians, So they will use it for unnecessary purposes. Credit Line can be used only for the purpose it is established.</p></blockquote><p></p>
[QUOTE="mohamedhanas, post: 27430325, member: 155478"] We earned $4.5B per annum from tourism. Last 2 years due to Covid 19 we lost total of $9B. We had reserves in 2019 $7B. It is straightforward why we do not have forex. Restore tourism all these issues are over. The other way to overcome this issue as follows. 1. Establish Credit Line Rather going for loans. 2. Pay and reimburse credit line with tourism income now coming back till we increase Reserves with Foreign Direct Investments. 3. Increase Export income (This is already done) and restrict unnecessary imports (Done, But need more) 4. Import Substitution. E.G Turmeric Difference between Loan and Credit Line is with loans we can increase reserves but we cannot trust politicians, So they will use it for unnecessary purposes. Credit Line can be used only for the purpose it is established. [/QUOTE]
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