Pakistan’s foreign exchange reserves cross $ 23 billions

BusinessPakistan’s foreign exchange reserves cross $ 23 billions

KARACHI, Pakistan: The total liquid foreign reserves held by the country stood at US $23,084.9 million on July 1, 2016.

In a statement on Monday, the State Bank of Pakistan (SBP) said that the foreign reserves held by it were US $ 18,128.9 million.

   

The net foreign reserves held by commercial banks were US $ 4,956.0 million.

The total liquid foreign reserves stood at US $ 23,084.9 million.

It was also pointed out that during the week ending July 2016, SBP’s Liquid FX Reserves increased by US $1,309 million to US $18,129 million, compared to US $16,820 million in the previous week.

During the week, SBP received US $1,340 million from multilateral, bilateral and other official sources which include US $ 501 million received from IMF under EFF, US $502 million from World Bank and US $307 million from Asian Development Bank.

During the week, SBP made payments of US $50 million on account of external debt servicing.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

President stresses need to further strengthen Pak-UK trade & economic ties

0
ISLAMABAD, Pakistan: President Asif Ali Zardari has said that Pakistan and the United Kingdom enjoy cordial relations, rooted in history and shared legacy, which...

President Zardari for developing Pakistan’s Gems and Jewellery Sector

0
ISLAMABAD, Pakistan: President Asif Ali Zardari has called for focusing on the development of the Gems and Jewellery Sector of the Country, saying that...

PM Shahbaz Sharif visits Naval Headquarters

0
ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif along with the Federal Ministers visited the Naval Headquarters in Islamabad.Upon arrival, the prime minister was welcomed...

Envoy Albert Khorev proposes export of Halal meat from Pakistan to Russia

0
ISLAMABAD, Pakistan: The Russian Ambassador to Pakistan Albert Khorev engaged in discussions with the Federal Minister for Commerce Jam Kamal Khan, aiming to enhance...

Interbank Dollar Rate Today in Pakistan – 28 March 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for March 28,...
Advertisement