KARACHI: Pakistan’s foreign exchange reserves witnessed a growth of $10.7 million, as reported by the State Bank of Pakistan (SBP) in its statement released on Thursday. As of September 15, the total foreign exchange reserves in the country amounted to $13.018 billion, according to the SBP. Specifically, the foreign exchange reserves held by the State … Read more
KARACHI: The demand for the automobiles in Pakistan has witnessed a significant surge in the last few years, resulting in an increase in oil consumption. In the wake of the higher oil prices in the international market, which are hovering around $100 due the recent Russia-Ukraine war, Pakistan’s foreign exchange reserves are under severe pressure. … Read more
KARACHI: The Pakistan rupee’s stability is linked with the international oil prices and the demand for the dollars for export payments next week, as the foreign exchange reserves of the country is on the decline, analysts said. The international oil prices are on the rise for the last couple of days, while the external payments … Read more
KARACHI: Pakistan’s foreign exchange reserves dropped $255 million to reach $24.019 billion during the week ended December 31, 2021, the State Bank of Pakistan (SBP) reported on Thursday. The foreign exchange reserves of the country were recorded at $24.274 billion a week ago. The official foreign exchange reserves of the central bank fell $170 million … Read more
