Pakistan Foreign Exchange Reserves register significant increase

[Zibago]

SHARES

• 

KARACHI: The total liquid foreign reserves held by the country stood at US$14,956.2 million on March 01, 2019, said weekly report issued by the State Bank here on Thursday.

The break-up of the foreign reserves position is as under:


China assured Pakistan all out support for peace in the region
i)Foreign reserves held by the State Bank of Pakistan : US$ 8,116.5 million

ii)Net foreign reserves held by commercial banks : US$ 6,839.7 million

Saudi Arabia foreign minister arrives in Pakistan on a key visit
iii)Total liquid foreign reserves : US$ 14,956.2 million

During the week ending March 01, 2019, SBP reserves increased by US$80 million to US$8,116.5 million, it said.
https://timesofislamabad.com/07-Mar...lXU7lwi4s63ODtA7jZ7LgyXFKCfLkETMJUtMVgOASY16Y

 

[ziaulislam]

SHARES

• 

KARACHI: The total liquid foreign reserves held by the country stood at US$14,956.2 million on March 01, 2019, said weekly report issued by the State Bank here on Thursday.

The break-up of the foreign reserves position is as under:


China assured Pakistan all out support for peace in the region
i)Foreign reserves held by the State Bank of Pakistan : US$ 8,116.5 million

ii)Net foreign reserves held by commercial banks : US$ 6,839.7 million

Saudi Arabia foreign minister arrives in Pakistan on a key visit
iii)Total liquid foreign reserves : US$ 14,956.2 million

During the week ending March 01, 2019, SBP reserves increased by US$80 million to US$8,116.5 million, it said.
https://timesofislamabad.com/07-Mar...lXU7lwi4s63ODtA7jZ7LgyXFKCfLkETMJUtMVgOASY16Y

Resilience shown is due rapid improvement in CAD
CAD Has dropped more thAan 50% due to 17%(12% remittances 5% exports) increase in inflows and 30% decrease in imports (both oil & non oil)

Now its dropped to 4% of GDP..anything around 2-3% is manageable

Issue however is expensive loan rollover due to downrating of Pakistan

 

[Yaseen1]

it is positive sign but govt should try to focus on controlling inflation artificially made by traders and also improve human resource management to reduce joblessness of educated public

 

[Imran Khan]

very little man

 

[itduzz]

Mostly its borrowed money

 

[aasimanwaar]

Not really..