Tue, 21-Oct-2025

Rupee further recovers against dollar on Chinese inflows

Rupee

KARACHI: The rupee continued to gain against the dollar on Thursday on the expected inflows from China to shore up the country’s foreign exchange reserves, dealers said. The rupee gained 97 paisas to close at Rs260.93 against the greenback from the previous day’s closing of Rs261.90 in the interbank foreign exchange market. The dealers said … Read more

CDB approves $700 mln for Pakistan: Ishaq Dar

CDB approves
  • He said SBP was expected to receive amount in a week.
  • He said this will shore up country’s forex reserves.
  • Finance Minister said all formalities completed.

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said here on Wednesday that the Board of China Development Bank (CDB) has approved a US $700 million facility for Pakistan.

In his tweeter message, Ishaq Dar said that the State Bank of Pakistan (SBP) was expected to receive this amount in the ongoing week which shore up the country’s forex reserve.

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