Reserve falled 402.3 million in August and latest data has yet to come.
This story is published today.
The data is from August 27.
State Bank of Pakistan reserves hit all-time high of $20.15b
SDR allocation from IMF lifts reserves to historic level
Our CorrespondentSeptember 02, 2021
PHOTO: FILE
KARACHI:
The foreign exchange reserves held by the central bank surged 14.6% on a weekly basis to hit an all-time high of $20.15 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On August 27, the foreign currency reserves held by the SBP were recorded at $20,145.6 million, up $2,751.8 million compared with $17,578.9 million on August 20.
SDR allocation from IMF lifts reserves to historic level
tribune.com.pk
This story is from August 26.
The data is from August 3rd week.
SBP reserves fall $47m to $17.58b
Decrease comes on account of debt repayments
Our CorrespondentAugust 27, 2021
KARACHI:
The foreign exchange reserves held by the central bank declined 0.3% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
On August 20, the foreign currency reserves held by the SBP were recorded at $17,578.9 million, down $47 million compared with $17,625.9 million on August 13.
According to the central bank, the outflow came on account of debt repayments.
The foreign exchange reserves held by the central bank declined 0.3% on a weekly basis, according to data released by the State Bank of Pakistan.
tribune.com.pk
There was a fall of $46m in 3rd week ( on account of debt repayment) and in the fourth week of August there was no fall.
Even if what you are saying is true. Most likely it was due to payments made at the end of month.
Besides from an academic point of view, if we consider what you are saying ( no data yet) , we had a bad month and most likely CAD will be $1.2 - 1.5b and reserves only took a hit of $400m that means the free float currency absorbed the hit.
Imran is pretty poor manager of economy. A leader needs to cultivate relationships with countries that can double as your export markets.
And Imran did a number with EU by taking on France as he can't help but be the tekadar of Islam.
His theatrics didn't work well with the US with the whole Afghanistan coming out of clutches of slavery jibe implying that US was an occupational force. No wonder Biden couldn't give him a time of the day for simple phone call.
Even China is miffed given how frequently their people are being attacked in Pakistan and Imran trying to hide it as an accident. Look up FDI numbers from China over the past year for truth in this regard.
Even with India, which could have been a market for Pakistan had Imran played his cards right. However with his Nazi diatribe on a daily basis, he is leaving no door open for such a trade.
UK couldn't bother about Imran as they are keeping Pakistan in special list (red list) even after rather undiplomatic spar about it on twitter by his dumb ministers.
Basically, Imran is rather prideful individual leading a pitiful (presently) country of Pakistan. What Pakistan needs now is a realist who is humble and has demeanor to adjust himself to present realities of Pakistan and work with the countries of the world to make a prominent place for Pakistan in the future.
No diplomatic endeavor can be successful when Imran keeps doing what he is doing right now.
This is not a forum to help you with your medical condition. Refer to your local clinic for stitches and dont forget to apply burnol afterwards.
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