Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Forex reserves rise $12m to $8.1b | The Express Tribune

Posted on August 17, 2023 By Admin No Comments on Forex reserves rise $12m to $8.1b | The Express Tribune



KARACHI:

Foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by 0.14% on a week-on-week basis, reaching $8.1 billion, according to data released by the central bank on Thursday.

By the end of the week on August 11, 2023, the central bank’s foreign currency reserves were recorded at $8,055.3 million, indicating an increase of $12 million compared to the previous week’s $8,043.4 million.

The SBP cited no reason for the increase in Pakistan’s forex reserves.

Total liquid foreign currency reserves, including those held by commercial banks, reached $13,379 million. Among these, the commercial banks had reserves of $5,323.7 million.

The country’s reserves recorded a significant improvement in July following financial assistance from the International Monetary Fund (IMF) and friendly nations.

Pakistan secured approximately $1.2 billion from the IMF through a new $3 billion loan programme spanning nine months.

Additionally, Saudi Arabia and the United Arab Emirates (UAE) contributed deposits amounting to a few billion dollars. China’s assistance in the form of loan rollovers further boosted the reserves, bringing them to levels capable of covering two months of imports.

Published in The Express Tribune, August 18th, 2023.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.





Source link

Business Tags:News

Post navigation

Previous Post: Russian lunar probe enters moon’s orbit, first time since 1976
Next Post: Rohan Bopanna: Tennis star becomes oldest ATP Masters 1000 champion | CNN

More Related Articles

Instagram sued over harm to young people’s mental health Business
Rs25000 prize bond draw June 2025 results – winners list | The Express Tribune Business
Croma chief Mitra to retire, Roy promoted – Times of India Business
Rupee falls slightly from 4-month high | The Express Tribune Business
PSX sees strong rally, Index climbs 1,000 points | The Express Tribune Business
Indian Stock Market To See Rally After June 4, PSU Shares In Focus: PM Modi – News18 Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Jeff Bezos and Lauren Sánchez’s wedding invite slammed over ‘ugly’ design
  • Paige Spiranac adds new chapter in ‘case study’ about her golf game
  • From NPS To UPS: Last Date To Opt For Unified Pension Scheme Extended By 3 Months Till September 30
  • Salman Khan reveals struggle with AVM and brain aneurysm on Kapil Sharma Show: Know what AVM is, its causes, and why it’s so serious | – Times of India
  • Patrick Schwarzenegger on his breakout

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme