reserves
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Pakistan requests $1bn in IMF climate cash, sees reserves rising
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Finance Minister Muhammad Aurangzeb is interviewed by Karin Strohecker, Reuters Chief Correspondent Emerging Markets, during the G20 Finance Ministers and Central Bank Governors’ Meeting in Washington, April 18, 2024. — Reuters WASHINGTON: Finance Minister Muhammad Aurangzeb said that Pakistan has…
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Forex reserves strengthen to 2-month import cover: SBP chief
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Governor of State Bank of Pakistan Jameel Ahmad. — SBP website. Pakistan’s foreign exchange reserves jumped to a two-month import cover after receiving the first installment from the International Monetary Fund’s $7 billion Extended Fund Facility, State Bank Governor Jameel…
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Data from survey on offshore oil, gas reserves ‘being assessed’
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A view shows the TransOcean Barents drilling rig, at around 120 km off the coast of Beirut, Lebanon in this handout picture obtained by Reuters on August 16, 2023. — Reuters ISLAMABAD: Revealing that data of a geological survey was…
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Foreign exchange reserves reach 26-month high | The Express Tribune
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KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $33 million, reaching a 26-month high of $9.43 billion for the week ending August 30, 2024, according to the central bank’s latest update. The continued…
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China reports $3.22 trillion in foreign exchange reserves | The Express Tribune
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China’s foreign exchange reserves stood at 3.2224 trillion U.S. dollars at the end of June 2024, official data showed Sunday. The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange (SAFE) said, attributing…
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Rupee bounces back on rise in reserves | The Express Tribune
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KARACHI: Pakistani currency regained Rs0.19 on Friday and closed at Rs278.21 against the US dollar in the inter-bank market following a surge in the central bank’s foreign exchange reserves to a two-year high above $9 billion. According to the State…
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SBP forex reserves reach over $9bn fuelled by fresh IMF tranche
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An undated image of a currency dealer holding a stack of $100 notes. — AFP/File KARACHI: After a recent inflow of $1.1 billion from the International Monetary Fund (IMF), the State Bank of Pakistan’s (SBP) foreign exchange reserves have risen…
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Forex reserves get major boost as Pakistan receives $1.1bn IMF tranche
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A currency dealer counts US dollar notes at an exchange in Karachi on May 19, 2022. — AFP/File Pakistan’s foreign exchange reserves got a major boost as the State Bank of Pakistan (SBP) on Tuesday confirmed receiving $1.1 billion from…
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FinMin Aurangzeb confident of reserves reaching $10bn by June
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Finance Minister Muhammad Aurangzeb speaks at 2024 Islamabad Business Summit on April 23, 2024. — X/@NutshellGroup With the Shehbaz Sharif-led government striving to stabilise the country’s economy, Finance Minister Muhammad Aurangzeb Tuesday predicted positive economic developments including improved foreign exchange reserves…
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Notable oil and gas reserves discovered in Sindh’s Daharki | The Express Tribune
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DAHARKI: In a significant development that brings relief to the people of Pakistan grappling with a persistent gas shortage, Mari Petroleum Company Limited (MPCL) on Monday announced the discovery of notable oil and gas deposits in Daharki district of Sindh….
