Pakistan's foreign exchange reserves jump $3 million but still below $8bn-mark
The reserves' position is still critical as Pakistan needs flow of the US dollars to cater for its balance of payments
Karachi: Foreign exchange reserves held by the State Bank of Pakistan (SBP) jacked up $3 million on a weekly basis, clocking in $7.96 billion as of November 11, 2022.
According to data released by the central bank on Thursday, total liquid foreign reserves held by the country stood at $13.8 billion. Net foreign reserves held by commercial banks clocked in at $5.84 billion.
The resevres have witnessed a litte respite as Pakistan received commitments of payments from multiple donors recently.
The reserves’ position is critical for Pakistan which has been desperately seeking dollar inflows to meet its balance-of-payments requirements.
Legendary rock band Metallica surpasses one billion benchmark on Spotify
- ایک گھنٹہ قبل
China imposes 34% tariffs on US imports in trade war retaliation
- 3 گھنٹے قبل
Bilawal reaffirms PPP's commitment to Zulfikar Ali Bhutto's legacy
- 2 گھنٹے قبل
UK set to host 2035 Women’s World Cup, FIFA president confirms
- 5 گھنٹے قبل
268th Corps Commander Conference reaffirms commitment to eradicate terrorism
- 3 گھنٹے قبل
Ohtani's walk-off pushes Dodgers to historic 8-0
- 6 گھنٹے قبل
Two terrorists neutralised in IBO Balochistan's Kech IBO
- 31 منٹ قبل
PSX sees record surge, closes lower amid global market concerns
- 7 گھنٹے قبل
KP CM announces no forced expulsions of Afghan nationals
- 3 گھنٹے قبل
50 Afghan nationals detained in Rawalpindi
- 5 گھنٹے قبل
IMF delegation in Pakistan for technical support, budget discussions
- 6 گھنٹے قبل
Magnitude 4.0 earthquake hits Arabian Gulf near Jubail
- 4 گھنٹے قبل
