Forex Trading Companies in Pakistan

In 1947, India had just Rs 1500 crore cash. Today, we are about to cross $500 billion in foreign reserves. We have come a long way

In 1947, when India got independence, we had just Rs 1500 crore in cash with us, and even paying Rs 55 crore to Pakistan was a big deal. Mahatma Gandhi had to keep a day's fast to convince Vallabhbhai Patel to transfer Rs 55 crore to Pakistan.
Then we started storing foreign reserves to the calamity and emergency.
In 1960, India had foreign reserves of $1.46 billion, which could have lasted just 8 weeks of import.
In 1980, India had foreign reserves of $7 billion
In 1991, India's foreign reserves dipped to an alarming level of just $1.2 billion, which could have lasted just 3 weeks of imports. RBI had to pledge 46.91 tonnes of gold with the Bank of England and the Bank of Japan, and raised $400 million to deal with the unprecedented crisis
In 2004, for the first time, we achieved foreign reserves of $100 billion
Due to solid performance of our foreign reserves, we somehow navigated the recession of 2009, and our foreign reserves stood at $270 billion
And now, for the first time in our history, India will have $500 billion of foreign reserves. As of now, we have $493 billion, which is enough to sustain 17 months of imports.
We are right now world's 3rd biggest nation with foreign reserves, after China and Japan.
India has indeed come a long way from having just Rs 1500 crore in cash to pledging Gold to sustain the economy, to crossing half a trillion-dollar of foreign reserves.
Sources: 1 2 3 4 5
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IQ Stock Broker
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Weekly Roundup | Random Chat | Notifications

News roundup for the previous week.
In International news
  1. Chinese in Australia have setup their own safety networks due to lack of police response
  2. China Is Our Last Diplomatic Hope for North Korea
  3. Mass deportation of Chinese from #Fiji in latest offshore crackdown by Beijing: Fijian and Chinese law enforcement agencies arrest 77 in joint operation similar to others carried out in Indonesia and Cambodia
  4. Launch of China- #Malaysia rail link signals stronger ties: China is funding the 620km-long rail link stretching from Tumpat town, near Malaysia's border with Thailand, to Kuantan Port, before cutting through the mountainous central region to Port Klang, Malaysia's busiest port
  5. #Canadians Have Worse Impression Of U.S. Government Than China: Abacus Poll 49% said they had a "very negative" impression of the U.S. 22% for China. Co-author said it was "remarkable" Canadians having more favourable views of China and Russia than of the "passionate defender of individual freedoms"
  6. China hands Trump a win on North Korea crisis
  7. Taiwan calls time on Mongolia and Tibet affairs commission
  8. South Korean's Leader Bluntly Warns U.S. Against Striking North (Apparently not important enough to make it on Google News Headlines)
  9. Fighting for Chinatown
  10. China won’t allow regime change in N. Korea – fmr US diplomat
  11. Ukraine seeks greater presence in China's agro products market
  12. China tells ‘imperfect’ US to mind its own business over religious freedom criticism
  13. Asian Americans Are Targeted For Hate Crimes More Than We Think
  14. The Shanghai Cooperation Organization (#SCO) completed a joint anti-terrorist drill in Russia's Yaroslavl region located northeast of Moscow, Russia's Federal Security Service (FSB) said
  15. Man Gets Sentenced To Life For Killing USC Student From China
  16. Beijing signs deals with Nepal
  17. Chinese universities rise in world university academic rankings
  18. China's New Base in Djibouti to Aid Economic Expansion in #Africa. Currently, China mainly imports minerals and oil from Africa, but its long-term plan is to build factories on the continent and move some of its manufacturing there to take advantage of the cheaper labor and geographic position
  19. Hard-pedaling Soft Power, China Helps Launch $13B Belt and Road Rail Project in #Malaysia: "The ECRL is indeed yet another 'game changer' and a 'mindset changer' for Malaysia as it will significantly cut travel time to and from the east coast of the peninsula," Malaysian Prime Minister said
  20. 'Economic war with China is everything' Steve Bannon got removed (lol)
  21. Chinese Yang Jiayu wins women's 20km race walk at London World Championships
  22. Asian woman says she quit Google due to racial discrimination
  23. Chinese-Americans concerned about new Texas immigration law
  24. Chinese and #African media houses vow to deepen cooperation in information sharing, best practice and training to improve the dissemination of information
  25. #Pakistan, China sign documents to enhance cooperation in the fields of education and infrastructure development
  26. Former Shanghai teacher now a tribal chief in Nigeria
  27. ‘Duterte wants joint exploration with China’ Foreign Affairs Secretary Alan Peter Cayetano said
In Domestic news
  1. Two arrested in 22-year murder case, one suspect award-winning writer, member of Chinese Writers Association [Chinese]
  2. HK Democracy activist Howard Lam, (aka Staples-Tortured Chub), arrested for misleading police over kidnap claim
  3. Sinopec goes big on geothermal
  4. China Launches ‘Special Crackdown’ on Pyramid Schemes
  5. Police may look into mental health of Hong Kong democracy activist Howard Lam after kidnap claim suspecting mental issues and the stapling was an act of self-harm
  6. 1,290 meters! The main construction of the world's longest 3-tower cable-stayed railway bridge has completed in China
  7. Hong Kong activist Joshua Wong jailed over Occupy protests
  8. China is investigating its major social media sites, including Baidu, WeChat and Weibo, for potentially breaching cybersecurity laws
  9. China’s Major Social Platforms to Cooperate With Authorities in #Cybersecurity: Tieba communication platform, the WeChat messenger and Weibo made separate statements earlier in the day declaring their readiness to actively cooperate with the CAC
  10. China Launches World's Largest Floating #Solar Power Plant: over 160,000 solar panels spreading over 86 hectares of water surface, can provide energy for some 15,000 houses annually
In SciTech news
  1. #Nanochemistry meets macrostructures: Chinese scientists report the synthesis of a macroscopic aerogel from carbonitride nanomaterials which is an excellent catalyst for the water-splitting reaction under visible-light irradiation
  2. Light, strong alloy may alter design of aircraft: The nano ceramic aluminum alloy was developed at Shanghai Jiao Tong University. The new material has already been used in the Tiangong-1 and Tiangong-2 space labs, quantum satellites and meteorological satellites
  3. Converting greenhouse gas to value-added syngas takes a big step forward
  4. China to build first #Mars simulation base: Situated at the Qaidam basin in western Qinghai, Haixi was chosen for its Mars-like landform, landscape and climate
  5. Seeking Greater Global Power, China Looks to Robots and Microchips
  6. Earliest-Known Winged #Mammal Relatives Discovered In China: When you think about the Jurassic Period, you probably think of massive dinosaurs. But now scientists say there were also gliders, akin to today's flying squirrels . Maiopatagium furculiferum and Vilevolodon diplomylos
  7. Chinese satellite sends 'hack-proof' message: The #Micius satellite beamed messages to two mountain-top receiving stations 645 km (400 miles) and 1,200 km away. Complicated optics on the Chinese satellite protect messages with entangled photons
  8. New Privacy Mode Added to DJI Drones, US Army Released Memo to Grant Exception to DJI Ban Pending this New Privacy Mode
  9. Scientists have cloned genetically modified piglets that may prove a safe source of organs for transplants into humans. The piglets, born in a lab in Yunnan, do not carry the active infectious viral gene which has impeded the process of pig-to-human transplantation for more than a decade
  10. China to establish intercontinental ‘hack-proof’ #quantum links with Australia, Europe: Further experiments this year will evolve ground stations in Germany and Italy, Pan added, bringing the project closer to the planned Asian-European secure communication network
  11. Woman Becomes First Person to Be Cryopreserved in China
  12. Novel Thruster Design Could Enable Deeper Travel Into Space
  13. China launches brain-imaging factory
  14. Chinese scientists reveal how itch turns into scratch. In a study published in the U.S. journal Science, researchers reported the discovery of a central neural circuit that moves itch signal from the spinal cord to a part of the brainstem called the parabrachial nucleus (PBN).
  15. China pips US to start world’s first meltdown-proof nuclear reactor
  16. China has unveiled the world's first 'unhackable computer network'
  17. 1,069 dancing robots break Guinness World Record in China (VIDEO)
  18. Despite strains, China and the US are top partners in science
  19. Woman saved by pioneering 3D printed spine in China: had to have six consecutive cervical vertebrae replaced because they had been affected by the rare cancer
  20. Chinese Internet majors compete to dominate #ASEAN tech ecosystem: Baidu, Alibaba, Tencent and JD.com – collectively termed BATJ – are leading a wave of investment into Southeast Asia’s venture ecosystem and technology sector
  21. Who Are China's Biggest Fabless Chipmakers?
In Economic news
  1. Spotlight: Bashing China cannot solve U.S. economic problems, experts say
  2. China July FX reserves unexpectedly hit 9-month high on boost from weak dollar: China's forex reserves, the world's largest, rose $24 billion in July to $3.081 trillion
  3. China's Economic Outlook in Six Charts
  4. Fiat Chrysler could be bought by a Chinese automaker If a deal comes to fruition, it would be a big boon for Chinese car companies looking to improve
  5. Industrial “edge cities” have helped China grow
  6. Deng Xiaoping - the world's greatest economist
  7. US formally launches probe of China trade ties
  8. China emerging as Germany's main economic rival
  9. New investment rules to curb China's foreign acquisition binge
  10. How China’s can-do generation will power economic growth
  11. Young Taiwanese choose China jobs over politics
In Military news
  1. What is China’s PLA doing in #Laos? Beijing's 'Train of Peace' mission to provide medical care to Lao armed forces was nominally a goodwill mission but underscored the country's strategic importance to China's plans for Southeast Asia
  2. Russia, China challenging US military dominance: Mattis
  3. China's making major progress with its aircraft carrier tech (Type 002 to have flat top with catapult, Type 003 to be nuclear powered supercarriers)
  4. Think Tank Says Beijing Continuing #SouthChinaSea Construction. Photos of Tree Island demonstrate sizeable expansion of the island’s above-water mass between August 5, 2015, and August 5, 2017. The size of the island increased by roughly 24 acres between during the time period, AMTI said
  5. #Taiwan says Chinese aircraft fly around island in weekend of drills
  6. #Space Standoff: Uncertainty in Militarized Space. If Russian policy towards the American space program is described as unfriendly, then U.S. policy towards China can be described as nothing short of hostile
  7. Construction of China's 2nd #AircraftCarrier for PLAN Progressing Faster than Expected: propulsion system tests are currently underway. The first and third boilers are already on, and the steam turbines will soon follow. Dockside testing could start within the next month
  8. China has announced plans to bolster its maritime #nuclear capabilities with the creation of a major new joint venture project, could provide the catalyst for the development of floating reactors. The new company will also seek to promote the development of nuclear-powered vessels
  9. The #Pentagon’s top general Joe Dunford, chairman of the Joint Chiefs of Staff, said he discussed with his Chinese counterparts ways to coordinate with China’s military to avoid dangerous miscalculations should war break out with North Korea
Other Notables
  1. Adopted to the US, an American teen’s journey in search of her roots
  2. The busiest employee in a warehouse? Meet China-made warehouse robot!
  3. New research blamed increased competition with China for soaring death rates among white, middle aged Americans (lol)?
  4. On the other side of the table: Nepalese commenters on youtube - to Nepal, India is the big bully, loves China, calls for China's protection
  5. Why Nirvana in Fire is the Best Cdrama
  6. July 2017 Study Refutes Earlier Theories of "Increased US White Male Despair / Deaths Due to Loss of Jobs to China" ("Opioids and obesity, not 'despair deaths,' raising mortality rates for white Americans)
  7. China starts work on world's second-largest hydropower station
  8. Vincent Chin was a Chinese American Man beaten to death in 1982 with a baseball bat by two laid off auto-workers who blamed him for losing their jobs because Japanese cars started becoming popular. The men received initial sentences of 3 years probation and no jail time.
  9. Chinese Guy & American Girlfriend React to Racist Fox News Chinatown Segment
  10. Preserving Nanjing's architectural treasures
  11. The King's Woman 秦时丽人明月心 Airs this week
  12. Hollywood chases after Wu Jing as Wolf Warriors 2, a film with $30M budget crosses $700M mark and still rising.
  13. #Taichi is big in China and its influence is spreading globally: China's mega-rich and powerful believe the merits of the gentle exercise boosts not only personal well-being but company profits and transforms corporate cultures
  14. Why My School Teaches Students to Survive on Next to Nothing
  15. Eddie Huang Serves A White Supremacist & Trump Supporter The Facts While They Eat Chinese Food
  16. #Banda Islands: How Chinese traders – and war over an aphrodisiac – led to a multicultural Indonesia. The world’s major powers considered the Banda Islands the key spoil of a spice war hundreds of years ago and it is this bloody past that made the country what it is today
  17. How the ‘Safest Place on Earth’ Can Be More Welcoming to Others
  18. Modern Chinese Architecture: Landscape Design of Suzhou Vanke Great Lake Park
  19. No.66 Lanman Hutong Renovation
  20. RAW: China holds massive day-night live-fire artillery drill
  21. When Hong Kong workmen dug up 2,000-year-old tomb and were all set to demolish it until public’s enthusiasm saved the day
  22. Long awaited Tribes & Empires: Storm of Prophecy confirmed to air on September 25, 2017.
  23. Heads up, our brothers in arms RT channel has amazing series of documentaries on Chinese culture and the new silk road, very beautifully shot.
  24. Any recent documentaries about modern china history that aren't from the western perspective with English subs or audio?
  25. Forgotten ally? China's unsung role in World War II
  26. 81-Year-Old Chinese Husband Serenades Wife In a Coma For Their 54th Anniversary
  27. How Chop Suey Saved San Francisco's Chinatown [Chinese Food: An All-American Cuisine, Pt. 1]
  28. The Untold Story Of America's Southern Chinese [Chinese Food: An All-American Cuisine, Pt. 2]
  29. 5000 thousands years of beauty.
  30. #WolfWarrior2 Crosses $600M In China; No. 6 All-Time Gross In A Single Market
  31. Throwback to when movies used to start with this...
  32. Alright, I know some of us support Trump, but this better not be you (3rd generation Chinese American Neo-Nazi supporter)
  33. Why the Western definition of human rights is an absurd fraud
  34. #WWE Network to Launch in China: Vince McMahon's pro wrestling organization signed a deal with PPTV to offer a subscription video-on-demand service including all live pay-per-view events
  35. Documentary explores the history of astronomy in China
  36. 'Economic war with China is everything': Trump’s chief strategist in candid interview
  37. The Chinese massacre of 1871 in Los Angeles, California. An estimated 17 to 20 Chinese immigrants were tortured and then hanged by the mob, making the event the largest mass lynching in American history.
  38. Chinese Social Political Stability Rests in "Dual Faceted Identity System" (A Model Societal System Analysis based on Recent Rise of White Nationalism in US)
  39. Lu Xiaojun (77) - 170kg/175kg/177kg Snatch Slow Motion
  40. The Surprisingly Important Role China Played in WWI
  41. Chinese Farmer Builds Epic Multi-Story Platform For 'Pig Diving'
  42. Ai Weiwei takes a small break from mocking Chinese government to criticise western society - "Human Flow" documentary film about refugees
  43. Review: Capitalism With Chinese Characteristics
  44. Hollywood hero with Chinese characteristics
  45. BBC calls what Chinese are doing 'exploitation' while the exact same thing done in the west is ignored.
  46. Ancient poetry content in Chinese text books to sharply increase
  47. The Love Affair of Mussolini’s Daughter Edda & Zhang Xueliang, Heroic China Warlord
  48. 57-year-old man grabs gold medals in body building competition
  49. Cambridge University Press pulls articles in China at Beijing’s request
  50. China's Wolf Warriors 2 joins top 100 grossing films worldwide: non-Hollywood film to break into the top 100 all-time grossing movies worldwide. Knocked 1994's "Forrest Gump" from the No 100 spot
  51. 《追捕》 Manhunt (directed by John Woo) International Trailer
  52. Why Nirvana in Fire is the Best Chinese Drama - Part 2/2
  53. Trying to learn more about traditional chinese culture, what can you guys tell me about the color Qing?
  54. Robot introduced to hospital to autofill prescriptions in E. China
  55. Something worth a grin
  56. Story of China’s ancient military might found carved in cliff
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