Pakistan’s foreign reserves slips further to $13.46 billion

BusinessPakistan’s foreign reserves slips further to $13.46 billion

KARACHI, Pakistan: Pakistan’s foreign reserves further dropped by US$ 70.4 million to stand at US$ 13.46 billion in the week ended on July 27, 2023.

Sharing the data on Friday, the State Bank of Pakistan (SBP) said that the total liquid foreign reserves held by the Country stood at US$ 13.46 billion as of July 27, 2023.

The data showed that the State Band had foreign reserves of US$ 8.15 billion, down by US$ 32.3 million while US$ 5.30 billion were with the Commercial Banks as of July 27, registering a decrease of US$ 38.1 million.

Pakistan’s foreign reserves slips further to $13.46 billion

Earlier by the week ended on July 14, the Country’s foreign reserves had mounted to US$ 14.07 billion after an increase of US$ 4.2 billion inflows from the International Monetary Fund (IMF), Saudi Arabia, and the United Arab Emirates (UAE).

The IMF had has transferred US$ 1.2 billion to Pakistan as part of the US$ 3 billion Stand-By Arrangement for nine months whereas Saudi Arabia and the UAE had also deposited US$ 2 billion and US$ 1 billion respectively to the State Bank’s account.

Mati
Mati
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

0
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?

0
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?

0
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

0
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

0
ISLAMABAD Pakistan: Observing fault lines in the bill moved as private member bill in the National Assembly on July 09, 2024, the participants of...
Advertisement