ISLAMABAD: The foreign exchange reserves of the State Bank of Pakistan (SBP) surpassed the $16bn mark after floating the Eurobonds.
According to the details, SBP floated Eurobonds worth $2.5bn and received the proceeds which resulted in the increase in reserves.
The net foreign reserves held by the central bank stood at $7,152.2mn whereas the net reserves including commercial banks amounted to $20,679.4mn.
Earlier on 2nd April, the net reserves held by SBP stood at $13,527.2mn after the payment of external debts.
For news and blogs, visit Graana.com.
Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…
Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…
Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…
If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…
The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…
December 19, 2024— In a significant move, the federal government has announced an increase in…