reserves
-
OGDCL finds 3.29 bcf of gas reserves in Guddu | The Express Tribune
.
[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 year. However, the company is seeking a one-year extension in the testing phase for the…
-
Pakistan’s forex reserves increase $258m to $4.6bn
.
[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 the source of the currency influx. According to an SBP statement, total liquid foreign currency…
-
SBP foreign exchange reserves fall to near nine-year low
.
[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 as the cash-strapped nation made external debt repayments. The central bank released weekly data showing…
-
SBP-held forex reserves plunge to $4.5 billion: sources
.
[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, sources told Geo News on Saturday. The development has, as per sources, left Pakistan with…
-
Pakistan imports threatened as forex reserves hit eight-year low
.
[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 held by commercial banks, the nation has $11.4 billion in reserves — enough to pay…
-
SBP’s forex reserves continue to decline
.
[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 external debt servicing, data showed Thursday. During the week ended on December 30, 2022, the…
-
Debt servicing pushes SBP’s forex reserves to $5.821bn
.
[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 $294 million due to debt servicing, data showed Thursday. This leaves Pakistan with an import…
-
SBP forex reserves fall to level less than 40 days of imports
.
[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 on December 16, the central bank said on Thursday. The central bank, in its weekly…
-
SBP’s forex reserves fall to 8-year low at $6.1 billion | The Express Tribune
.
[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 due to external debt repayment,” SBP said in a statement. The foreign exchange reserves held…
-
Alarming: Forex reserves drop to lowest level since Jan 2019
.
[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 held by the central bank were recorded at $6,700 million as of December 9, down…
