ICCI fears FX Crisis may bring industrial sector to a grinding halt ISLAMABAD ( Web News ) Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) said that Pakistan’s foreign exchange reserves held by the State Bank of Pakistan, which were over US$ 16 billion at the endRead More →
SBP’s Reserves Further Drop To $5.82 Billion By Dec 23, 2022 For the first time in decades, the SBP’s reserves fell below the commercial banks’ foreign exchange reserves. ISLAMABAD ( JAVED MAHMOOD ) The foreign exchange reserves of the State Bank of Pakistan further dropped to $5.82 billion by DecRead More →
ISLAMABAD ( Web News ) Foreign exchange reserves held by the State Bank of Pakistan (SBP) dipped $303 million, clocking in at an alarming level of $7.6 billion as of October 7, 2022, according to data released on Thursday. Total liquid foreign reserves held by the country stood at $13.25Read More →
IMF is expected to disburse $2.8 billion for Pakistan on 23rd of August, which will boost State Bank’s reserves to record high level ISLAMABAD ( JAVED MAHMOOD ) On 23rd of August, 2021, the International Monetary Fund is expected to provide $2.80 billion to Pakistan under its $650 billion newRead More →