Foreign Reserve

ISLAMABAD: A delegation of the foreign exchange dealers, led by Forex Association of Pakistan President Malik Bostan, called on Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh on Tuesday to suggest various measures aimed at improving the foreign liquid reserves of the country. The association representatives stated that the smuggling […]

KARACHI: The foreign exchange reserves held by the central bank shrank 8.9% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. Earlier, the reserves had spiralled downwards, falling below the $7-billion mark, which raised concern over Pakistan’s ability to meet its financing requirements. However, financial assistance from […]

KARACHI: The foreign exchange reserves held by the central bank continued to spiral downwards for the ninth successive week as they fell 3.26% on a weekly basis, according to data released on Thursday. The continued drop in the reserves raises concern about Pakistan’s ability to meet its financing requirements as the reserves have dropped below the […]

KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) have dropped below $14 billion for the first time in two years, the central bank reported on Thursday. Reserves of the SBP fell $276 million to $13.86bn in the week that ended on Sept 29. The central bank said the outflow of $276m was […]

Islamabad – Pakistan’s foreign exchange reserves have once again gone beyond $10 billion benchmark after getting another loan from the friendly country China. The reserves held by the State Bank of Pakistan (SBP) have recorded at $10.35 billion during the week ended on July 27 showing increase of $1.34 billion in one week. “During the […]

KARACHI: The foreign exchange reserves held by the central bank soared 10.85% on a weekly basis, breaking a two-week losing streak, according to data released by the State Bank of Pakistan (SBP) on Thursday. Earlier, the reserves had been on a downward spiral for 14 successive weeks but financial assistance from Saudi Arabia provided much-needed support […]

KARACHI: Foreign exchange reserves held by the StateBANK  of Pakistan (SBP) increased 15.8% on a weekly basis, according to data released by the central bank on Thursday. On December 8, foreignCURRENCY  reserves held by the centralBANK  were recorded at $14,666.3 million, up $2,005.8 million or 15.8% compared to $12,660.5 million in the previous week, according to […]

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.52% on a weekly basis, according to data released by the central bank on Thursday. On August 7, the foreign currency reserves held by the central bank were recorded at $14,758.4 million, up $77 million or 0.52%, compared to $14,681 million in the […]

KARACHI:- The total liquid foreign reserves held by the country stood at $20,436.2 million on July 21, 2017. The break-up of the foreign reserves position released on Thursday showed that foreign reserves held by the State Bank of Pakistan stood at $15,003.1 million while net foreign reserves held by commercial banks are $5,433.1 million. During […]

KARACHI: Pakistan’s tot­al liquid foreign exchange reserves amounted to $20.67 billion on May 12, down $112 million or 0.53 per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday. Reserves of the SBP decreased $17m to $15.89bn. Net foreign exchange reserves held by commercial banks amounted to $4.78bn on May […]