Pakistan’s foreign exchange reserves cross $ 23 billions

BusinessPakistan’s foreign exchange reserves cross $ 23 billions

KARACHI, Pakistan: The total liquid foreign reserves held by the country stood at US $23,084.9 million on July 1, 2016.

In a statement on Monday, the State Bank of Pakistan (SBP) said that the foreign reserves held by it were US $ 18,128.9 million.

The net foreign reserves held by commercial banks were US $ 4,956.0 million.

The total liquid foreign reserves stood at US $ 23,084.9 million.

It was also pointed out that during the week ending July 2016, SBP’s Liquid FX Reserves increased by US $1,309 million to US $18,129 million, compared to US $16,820 million in the previous week.

During the week, SBP received US $1,340 million from multilateral, bilateral and other official sources which include US $ 501 million received from IMF under EFF, US $502 million from World Bank and US $307 million from Asian Development Bank.

During the week, SBP made payments of US $50 million on account of external debt servicing.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Reko Diq

Political facilitation of Supreme Court threats economic stability in Pakistan

By Agha Iqrar HaroonThe announcement of the decision of the Full Bench of the Supreme Court of Pakistan in the case of the reserved...
Taimoor Ul Hassan UCP

Research and technology in Pakistan: Where we went wrong?

By Dr Taimoor Ul Hassan Higher education authorities' policy of increasing the number of PhDs in the country to justify the massive funds they...

Is the Higher Judiciary not abrogating the Constitution by rewriting it?

Islamabad, Pakistan: Since the announcement of the decision of the Full Bench of the Supreme Court of Pakistan that annulled the decision of the...

President Zardari for collaborative efforts to ensure sustainable development

ISLAMABAD, Pakistan: President Asif Ali Zardari has called for collaborative efforts by the Eastern nations to ensure sustainable development and common prosperity through China’s...

Civil Society Organizations oppose a dummy Minorities’ Rights Commission

ISLAMABAD Pakistan: Observing fault lines in the bill moved as private member bill in the National Assembly on July 09, 2024, the participants of...