The State Bank of Pakistan confirmed the receipt of $1.023 billion from the IMF as the second tranche under the Extended Fund Facility. The development comes amid regional tensions, with …
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foreign exchange reserves
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Economy
Pakistan’s State Bank Foreign Exchange Reserves Dip by $219.8 Million in Latest Weekly Report
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $219.8 million or 2.85% week-on-week (WoW) to $7.49 billion during the week ending on October 20, …
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Economy
India’s foreign exchange reserves expand to over $600 billion in August 2023
by Hamza Irshadby Hamza IrshadIndia’s foreign exchange reserves India’s foreign exchange reserves have again crossed $600 billion level in August 2023. In March 2023, the reserves of India stood around 578 billion dollars which …
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EconomyExclusive
China and Japan lead the world with the highest foreign exchange reserves: USA, UK, France are not among top 10 forex reserves holders
by Hamza Irshadby Hamza IrshadChina and Japan ISLAMABAD: China and Japan are leading among the top 10 countries with the highest foreign exchange reserves by June 30, 2023. The Reserves of China stand at …
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Economy
Foreign exchange reserves surge for the third consecutive week
by Hamza Irshadby Hamza IrshadForeign exchange reserves surge for the third consecutive week ISLAMABAD: For the third consecutive week, the foreign exchange reserves of Pakistan edged up in the week ending March 10. The …
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Economy
Dollar hits record high level in inter-bank as SBP’s reserves fall to $3.08 billion
by Hamza Irshadby Hamza IrshadISLAMABAD: The US dollar continued to derail the Pakistani currency’s value in the inter-bank and open market trading from the day the government allowed its free-float to meet a condition …
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Economy
SBP’s reserves show marginal but stunning growth of $258 million
by Hamza Irshadby Hamza IrshadISLAMABAD: The foreign exchange reserves of the State Bank of Pakistan marked a stunning growth of $258 million last week. The central bank, however, did not mention the source of …
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Economy
Governor State Bank says pakistan will start receiving dollar-inflows from next week
by Hamza Irshadby Hamza IrshadISLAMABAD: Governor State Bank of Pakistan Jameel Ahmad said that from next week Pakistan will start receiving dollar-inflows. He said that from next week, the country’s foreign exchange reserves position …
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Economy
Govt wouldn’t use forex reserves of commercial banks Ishaq Dar
by Hamza Irshadby Hamza IrshadISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar clearly stated that the government will not utilize the commercial banks foreign exchange reserves. Dar said, “The government would not take over foreign …
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SBP’s Forex Reserves Skip To $4.5 Billion This Week: SBP’s Forex Reserves Skip To $4.5 Billion This Week ISLAMABAD: The State Bank of Pakistan’s foreign exchange reserves further fell to …
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