reserves
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OGDCL finds 3.29 bcf of gas reserves in Guddu | The Express Tribune
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[ad_1] ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has discovered a hydrocarbon-rich field in Sindh having estimated reserves of 3.292 billion cubic feet (bcf) of gas. Commercial production from the new discovery is poised to start in June this…
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Pakistan’s forex reserves increase $258m to $4.6bn
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[ad_1] A man counts dollar bills. — AFP The foreign exchange reserves held by the State Bank of Pakistan (SBP) reversed the descending trend and moved up by $258 million to $4.601 billion, the central bank said Thursday, without underlining…
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SBP foreign exchange reserves fall to near nine-year low
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[ad_1] In this file photo taken on April 22, 2022 US dollar coins and banknotes are seen displayed on a table, in London. — AFP The State Bank of Pakistan-held (SBP) foreign exchange reserves plummet to a near nine-year low…
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SBP-held forex reserves plunge to $4.5 billion: sources
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[ad_1] A person counting dollar bills. — AFP After the repayment of loans to banks in the United Arab Emirates (UAE) totaling $1.2 billion, foreign exchange reserves held by the State Bank of Pakistan (SBP) reduced to just $4.5 billion,…
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Pakistan imports threatened as forex reserves hit eight-year low
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[ad_1] An undated image of the US dollar. — AFP/File KARACHI: Pakistan’s central bank forex reserves have plunged to an eight-year low of $5.6 billion, posing a serious challenge for the country in financing imports. Coupled with another $5.8 billion…
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SBP’s forex reserves continue to decline
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[ad_1] This photo taken on April 22, 2022, shows pounds and US dollar banknotes displayed on a table in London. — AFP The State Bank of Pakistan (SBP)-held foreign exchange reserves suffered a major depletion in the week owing to…
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Debt servicing pushes SBP’s forex reserves to $5.821bn
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, on May 19, 2022. — AFP The State Bank of Pakistan (SBP)-held foreign exchange reserves fell to an eight-year low of $5.821 billion after decreasing by…
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SBP forex reserves fall to level less than 40 days of imports
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[ad_1] An undated image of a currency dealer counting $100 notes. — AFP/File The foreign exchange reserves held by the State Bank of Pakistan (SBP) plunged over $500 million to their lowest level since April 2014 during the week that ended…
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SBP’s forex reserves fall to 8-year low at $6.1 billion | The Express Tribune
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[ad_1] KARACHI: In its latest weekly update on Thursday, Pakistan’s central bank reported the country’s foreign exchange reserves have depleted to $6.11 billion. “During the week ended on December 16, 2022, SBP’s reserves decreased by $584 million to $6,116.2 million…
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Alarming: Forex reserves drop to lowest level since Jan 2019
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[ad_1] An undated image of $100 note. — AFP/File Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell to $6.7 billion, official data released on Thursday showed, as the cash-strapped nation struggles to meet The forex reserves…
