reserves
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Oil reserves discovered from Lockhart: OGDCL | The Express Tribune
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[ad_1] ISLAMABAD: Development Company Limited (OGDCL), Pakistan’s largest oil and gas exploration company, on Thursday announced the discovery of oil reserves from its exploratory well – Toot Deep-1 Well – located in the Attock district of Punjab. OGDCL, being the operator of the Toot Mining Lease, with 100% working interest has discovered oil from the…
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Pakistan forex reserves fall over 2% to stand at $7.4bn
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[ad_1] Picture of a one hundred US dollar bill taken in Bogota, on October 24, 2022. — AFP/File KARACHI: Following a decline of 2.07%, Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at $7.4 billion. On October 21, the foreign currency reserves held by the SBP were recorded at $7,439.9…
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Pakistan’s foreign exchange reserves remain steady
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[ad_1] A staff counts US dollar currency notes at a money changer booth at Raffles Place financial business district in Singapore on October 6, 2022. — AFP/File KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded no major change during the week ending October 14. According to the data released…
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SBP’s forex reserves stand at $7.59b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank remained almost flat on a week-on-week basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On October 14, the foreign currency reserves held by the SBP were recorded at $7,597.2 million, up only $0.3 million compared with $7,596.9 million…
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Biden to release 15m barrels from US oil reserves: official
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[ad_1] US President Joe Biden speaks in the East Room of the White House about Russian military activity near Ukraine February 22, 2022, in Washington, DC. — AFP WASHINGTON: US President Joe Biden will announce Wednesday he’s putting the final 15 million barrels on the market from a record release of US strategic oil reserves,…
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Pakistan’s foreign exchange reserves continue to decline unabated
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[ad_1] A representational image of currency dealer counting $100 notes. — AFP KARACHI: In line with the dominant trend over the last several weeks, the country’s foreign exchange reserves held by the State Bank of Pakistan (SBP) once again declined by 3.83%. On October 7, the foreign currency reserves held by the SBP were recorded…
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‘IMF should issue new reserves to help countries tackle crises’ | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping health, food, energy and inflation crises, 140 civil society groups said in a letter to the IMF’s board on Thursday. IMF officials in July said a fresh issuance of Special Drawing Rights (SDR)…
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SBP-held reserves fall to alarming levels, declining by 4%
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[ad_1] — AFP/File KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) once again declined by 4.07% in line with the dominant trend over the last several weeks. On September 23, the foreign currency reserves held by the SBP were recorded at $8,005.9 million, down $341 million compared with $8,346.4 on…
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SBP’s forex reserves rise $2.1b to $10.3b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank increased 14.7% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On June 24, the foreign currency reserves held by the SBP were recorded at $10,309 million, up $2,071 million compared with $8,237.7 on June 17.…
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China deposits $2.3 billion to boost SBP reserves | The Express Tribune
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[ad_1] China has deposited $2.3 billion in State Bank of Pakistan (SBP) to boost Pakistan’s sliding foreign exchange reserves, Finance Minister Miftah Ismail announced on Friday. “I am pleased to announce that Chinese consortium loan of RMB 15 billion (roughly $2.3 billion) has been credited into SBP account today, increasing our foreign exchange reserves,” he…
