Ukraine has sold $12.4 billion of its gold reserves since Russia’s invasion of Crimea. The gold is not being sold to support the hryvnia, the currency of Ukraine. Instead, it is being sold so that importers can buy critical products for the country. Since the start of Russia’s invasion on February 24, the central bank … Read more
The SPR is discharging almost a million barrels each day through October. The SPR is being depleted by the flow after last month seeing its lowest level since 1986. In one-fifth of the country, the price of gasoline and diesel is above $5 per gallon. According to data and sources, more than 5 million barrels … Read more
The dollar lost 0.29 rupees in value in the interbank market and traded at Rs204.56. The price of the dollar ranged from Rs205 to Rs206 in the open market. The US dollar resumed its downward trend against the rupee on Friday. After a rise in foreign exchange reserves due to the rollover of Chinese bank … Read more
KARACHI: The rupee plunged to a historic low of Rs195.75 against the dollar on Tuesday, as the government failed to make important decisions to support the ailing economy. The exchange rate witnessed a loss of Rs1.57 to end at Rs195.75 from the previous day’s closing of Rs194.18 in the interbank foreign exchange market. Currency dealers … Read more
KARACHI: The dollar for the third day in a row rose to Rs185.92 against the rupee on Wednesday, dealers said. The exchange rate witnessed a decline of Rs1.48 to end at Rs185.92 against the greenback from the previous day’s closing of Rs184.44 in the interbank foreign exchange market. The local unit lost Rs4.37 during the … Read more
KARACHI: Pakistan’s foreign exchange reserves have increased $2.652 billion to $25.151 billion by the week ended December 3, 2021, the State Bank of Pakistan (SBP) said. The country’s foreign exchange reserves stood at $22.499 billion by the week ended November 26, 2021. The official reserves of the State Bank of Pakistan (SBP) increased $2.648 billion … Read more
KARACHI: The foreign exchange reserves of the country fell $275 million to $22.499 billion by the week ended November 26, 2021, the central bank reported. The foreign exchange reserves stood at $22.774 billion by the week ended November 19, 2021. The official forex reserves of the State Bank of Pakistan (SBP) fell $244 million to … Read more
KARACHI: Pakistan’s liquid foreign exchange reserves fell massively by $1.642 billion by the week ended October 15, 2021, compared with the previous week, the central bank reported. The country’s foreign exchange reserves fell to $24.327 billion by the week ended October 15, 2021, compared with $25.969 billion a week ago. The official foreign exchange reserves … Read more
KARACHI: Pakistan’s current account deficit has widened to $2.29 billion during the first two months of the current fiscal year, according to the statistics released by the State Bank of Pakistan (SBP) on Friday. The balance of payments has posted a surplus of $838 million in the same months of the last fiscal year. The … Read more
KARACHI: The oil reserves dropped 8 per cent during June 2021 to arrive at 249 million barrels, compared with 271 million barrels in June 2020, the latest hydrocarbon reserves data released by the Pakistan Petroleum Information Service (PPIS) suggests. “All the major fields observed decline, as Mela, declined 2 per cent; Nashpa, down 10 per … Read more
KARACHI: The liquid foreign exchange reserves of the country eased $23 million to $24.853 billion by the week ended July 30, 2021, the central bank reported on Thursday. The foreign exchange reserves of the country stood at $24.876 billion by the week ended July 23, 2021. The official foreign exchange reserves of the State Bank … Read more
ISLAMABAD: The Indus River System Authority (Irsa) on Saturday released 249,100 cusecs of water from various rim stations with the inflow of 346,300 cusecs, according to the data released by the authority. The water level in the River Indus at Tarbela Dam was 1,490.58 feet, which was 106.58 feet higher than its dead level of … Read more
KARACHI: The liquid foreign exchange reserves of the country declined $103 million to $24.312 billion by the week ended July 9, 2021, the central bank reported on Thursday. The foreign exchange reserves of the country stood at $24.415 billion on July 2, 2021, it added. The official foreign exchange reserves of the State Bank of Pakistan … Read more
