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KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) remained unchanged during the week ended on Oct 14, the central bank announced on Thursday.
The SBP reserves were $7.597 billion while the holdings of the commercial banks were $5.653bn during the week. The total reserves of the country were almost unchanged at $13.251bn.
The interbank market witnessed a slight appreciation of 8 paise in the dollar price to close at Rs220.95.
However, the open market reported a Rs2.50 decline in greenback price to Rs225.50 from Rs228 a day before.
Published in Dawn, October 21st, 2022
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Comments (5) Closed
Oct 21, 2022 09:45am
Only $7.5B foreign reserve? This doesn't look good at all.
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Oct 21, 2022 09:47am
Foreign currency Reserves :-
● Pakistan: $7.5 billion
● Bangladesh: $37.0 billion
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Oct 21, 2022 09:58am
Is $3B loan secured from Saudi Arabia to boost Foreign Reserve included in $7.5B? That means, the net foreign reserve is much lower than $7.5B.
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Oct 21, 2022 12:54pm
Something is always better than nothing.
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Oct 21, 2022 01:25pm
Dont worry, accountant DAR will blow it and then ran away again instead of finding and funding alternatives.
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