reserves
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Forex reserves rise by $394m to $4.4b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank rose by 9.76% on a week-on-week basis to $4.4 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On April 14, 2023, the SBP’s foreign currency reserves stood at $4,432.5 million, up by $394 million as compared to $4,038.3…
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SBP-held reserves move upwards on back of commercial loan
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[ad_1] A photo of a person holding US dollar bills. — AFP/File The State Bank of Pakistan (SBP)-held foreign exchange reserves increased after the struggling economy received another loan. “The increase in SBP reserves is mainly due to receipt of $300 million of GoP commercial loan,” a statement from the central bank said, as the…
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SBP-held forex reserves register meagre drop
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[ad_1] $100 bank notes can be seen in this undated image. — AFP/File As the International Monetary Fund (IMF) programme remains stalled and Islamabad’s economic woes persist, the State Bank of Pakistan (SBP)-held foreign exchange reserves fell further. The central bank, in its weekly bulletin, said that its forex reserves have decreased by $36 million…
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‘Depleting gas reserves’ deprive consumers of 24-hour supply
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[ad_1] Representational image of a stove. — AFP/File KARACHI: People cannot get gas 24/7 due to a drop in the commodity’s reserves, Minister of State for Petroleum Musadik Malik said Wednesday. Pakistan is highly reliant on natural gas for energy, and with rising demand and insufficient supply, loadshedding has become a daily occurrence in many…
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Forex reserves fall by $354m to $4.24b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 7.7% on a week-on-week basis to $4.24 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 24, 2023, the SBP’s foreign currency reserves stood at $4,244.3 million, down by $354 million compared to $4,598.7 million…
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SBP’s reserves fall by more than $300m to break six-week streak
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[ad_1] A man counts dollar bills. — AFP The State Bank of Pakistan (SBP)-held foreign exchange reserves fell by more than $300 million to break a six-week winning streak as the nation struggles to secure external financing for avoiding a possible default. The central bank, in its weekly bulletin, said that its foreign exchange reserves…
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SBP-held reserves rise to $4.6bn on Chinese loan
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[ad_1] An undated image of a currency dealer holding $100 notes. — AFP The State Bank of Pakistan (SBP)-held foreign exchange reserves maintained their uptrend for the sixth consecutive session, rising $280 million during the week ended March 17. Foreign exchange reserves increased by $280 million to $4.6 billion as of the week ended March…
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SBP-held forex reserves rise to $4.3bn after a meagre increase
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[ad_1] An undated image of a person holding a $100 stack. — AFP/File The State Bank of Pakistan (SBP)-held foreign exchange reserves maintained their uptrend for the second consecutive session, managing to stay above the $4 billion mark. The reserves slightly rose above $18 million, however, the amount is still barely enough to cover one…
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Forex reserves rise to $4.31b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank rose by 0.4% on a week-on-week basis to $4.3 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 10, 2023, the SBP’s foreign currency reserves stood at $4,319.1 million, up by $18 million compared to $4,301 million…
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SBP’s forex reserves rise to $4.3b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank rose by 12.7% on a week-on-week basis to $4.3 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 3, 2023, the SBP’s foreign currency reserves stood at $4,301 million, up by $487 million compared to $3,814.1 million…
