KARACHI: According to data released by the State Bank of Pakistan (SBP) on Thursday, the foreign exchange reserves increased by 2.39% on a weekly basis.
As per details, the reserves held by the central bank on April 23 were $16,427.8 million compared to $16,043.9 million last week. The reserves increased by $384 million. The SBP did not give any formal explanation for the rise in foreign reserves.
The net reserves held by the SBP add up to $7,092.4 million. The total reserves (held by SBP and other banks) and overall liquid foreign currency reserves stood at $23,520.2 million.
On July 9, 2019, Pakistan received a $991.4 million loan from the International Monetary Fund (IMF) which jumped the reserves. In late December 2019, another loan of $454 million was received.
For more news, visit Graana.com
Karachi: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by…
Islamabad – The Capital Development Authority (CDA) has formally approved the construction of the IBM…
ISLAMABAD – A meeting was held at the CDA headquarters under the chairmanship of Capital…
Lahore: The Lahore Development Authority (LDA) has secured approval for the construction of four new…
Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) has announced its plan to host…
ISLAMABAD: The Capital Development Authority (CDA) has reported significant progress in its citywide streetlight modernization…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
