ISLAMABAD – Pakistan has received US$ 2.2 billion from China, according tothe country’s central bank.
“The SBP has received RMB 15 billion value, equivalent to $2.2 billion asproceeds of the loan obtained by government of Pakistan from China,” theState Bank of Pakistan (SBP) said in a tweet on Monday.
linkSBP✔@StateBank_Paklinklink
State Bank of Pakistan has received RMB 15 billion value today equivalentto $2.2 billion as proceeds of the loan obtained by Government of Pakistanfrom China.4:09 PM – Mar 25, 2019link
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With this deposit, the country’s forex exchange reserves have strengthenedwhile the situation of balance of payment has also been improved.
Last week, Adviser and Spokesman for Ministry of Finance Dr Khaqan Najeebhad clarified that the discussions with international partners do notentail any target level of exchange rate.
linkDr. Khaqan Hassan Najeeb@KhaqanNajeeblink · Mar 22, 2019linklink
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Clearly no target PKR/USD exchange rate is envisaged. Speculation baseless& unfounded. SBP Economic models point to the Real Effective #Exchangelink Rate at equilibrium value. #BOP link stability ensured with afall in C/A & more than adequate foreign financing availability. (1/2)
linkDr. Khaqan Hassan Najeeb@KhaqanNajeeblink
Discussions with international #partnerslink do not entail any targetlevel of #exchange link rate.Focus is on further strengthening the exchange rate regime, aligning it andkeeping it consistent with the evolving #macrolink economic fundamentals of the #economy link.
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He said that focus was on further strengthening the exchange rate regimeand keeping it consistent with the evolving macroeconomic fundamentals ofthe economy.
He also termed the news regarding fixing the exchange rate target asbaseless and unfounded.
