Minister of Finance, Shamsad Akhtar, has stated that in November, the IMF review will take place, followed by the next phase of monetary measures. There is no unexpected decrease in the value of the Rupee, and fast-tracking World Bank loans could help us receive a $6 billion bailout. Our main focus ...

The Pakistani rupee kept losing its value against the US dollar in the interbank. According to the money dealers, during trading activity on Monday after a break of two days, the American currency seemed to glide confidently pushing down Pakistani rupee. During morning activity, the dollar was up ...

During the week ended on 30-Jun-2022, SBP’s reserves decreased by $493 million to $9.82 billion due to external debt and other payments. Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) to resume its loan programme, reported Bloomberg on Wednesday, quoting ...

*KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves fell by US$59 million in a week, data released by the central bank showed on Friday.* Overall reserves held by the SBP were recorded at $10.499 billion as of April 30. The country’s total foreign reserves, including net ...

ISLAMABAD – Minister Information and Broadcasting Fawad Chaudhry Thursday announced that all legal arrangements have been finalised for $3 billion deposits from Saudi Arabia and the amount would be released during the ongoing week. Making the announcement on Twitter, the information minister ...

KARACHI: The country’s foreign reserves held by the central bank remained stable during the week ending on December 11, 2020, according to the State Bank of Pakistan (SBP). On December 11, the foreign currency reserves held by the SBP were recorded at $13,298.8 million, the same as in the ...

ISLAMABAD-Pakistan has borrowed $2.734 billion from external sources in first quarter of the current fiscal year to maintain the country’s foreign exchange reserves. “During July-September of fiscal year 2020-21 the Government has received $2,734 million total external inflows from ...

ISLAMABAD- The total liquid foreign reserves held by the country stood at US$ 19,562.9 million on July 30, 2020, said a weekly report of State Bank of Pakistan on Thursday.The break-up of the foreign reserves position is as under:-i) Foreign reserves held by the State Bank of Pakistan:  US$ ...

ISLAMABAD-The total liquid foreign reserves held by the country stood at US$ 18,952.6 million on July 10, 2020, according to a weekly report issued by State Bank of Pakistan on Thursday.  The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State Bank of ...

ISLAMABAD - Pakistan Foreign Exchange reserves register massive setback in the month of March. Foreign exchange reserves of the country continued to witness a steep decline in the month of March which saw a decline of over $1.51 billion. According to the statistics updated by the State Bank of ...