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.

Andor’s second season traces the long arc of Star Wars’ revolutionary history
- 4 hours ago

US offers Saudi Arabia $100bn defense deal
- 32 minutes ago

Heat wave forecast in country from today
- 37 minutes ago

Transfer rumors, news: Liverpool turn to Atalanta's Lookman
- 3 hours ago

Uber users can now earn miles with Delta Air Lines
- 4 hours ago

Gen Z is finding religion. Why?
- 2 hours ago

Pakistan, India will find solution themselves: Trump's response to rising tension
- 40 minutes ago

Who should control OpenAI? Humanity.
- 2 hours ago

Tesla’s revenue and profits tank amid political chaos
- 4 hours ago

The real quest for fake blood
- 2 hours ago

Let’s not panic about AI’s energy use just yet
- 2 hours ago

Could this $10 weightlifting supplement be a depression treatment?
- 2 hours ago