Pakistan’s total foreign reserves rise above $14 billion

[FOOLS_NIGHTMARE]

The total liquid foreign reserves of Pakistan rise to US$ 14,065.3 million while reserves held by the central bank reached $8,727.2 million owing to inflows from Saudi Arabia, United Arab Emirates (UAE) and International Monetary Fund (IMF).

The State Bank of Pakistan (SBP) in a statement issued informed that the central received US$ 2.0 billion from the Kingdom of Saudi Arabia, US$1.2 billion from the International Monetary Fund (IMF) and US$ 1.0 billion from the United Arab Emirates (UAE).

Consequently, SBP reserves increased by US$ 4,203 million to US$ 8,727.2 million during the week ended on July 14, 2023.

Meanwhile, net foreign reserves held by commercial banks stood at US$ 5,338.1 million, it added.

In the previous week ending on July 07, 2023, total liquid foreign reserves held by the country was US$ 9,838.5 million.

Among them, foreign reserves held by the central bank were US$ 4,524 million while net foreign reserves held by commercial banks were US$ 5,314.5 million.

Pakistan’s total foreign reserves rise above $14 billion

KARACHI: The total liquid foreign reserves of Pakistan rise to US$ 14,065.3 million while reserves held by the central bank reached $8,727.2 million owing

arynews.tv

 

[protean]

@Bilal9 Pakistan is coming up again and may beat $20 billion net reserves of Bangladesh shortly. Lol.

 

[PakFactor]

@Bilal9 Pakistan is coming up again and may beat $20 billion net reserves of Bangladesh shortly. Lol.

It's borrowed money for Pakistan—nothing to be proud of.

 

[my2cents]

It's borrowed money for Pakistan—nothing to be proud of.

Your PM worked hard for it. If only he would work hard to make your country self sustainable .

 

[epebble]

Good news seems to be pouring in:

China agrees to reschedule $2 billion debt | The Express Tribune

ECC approves revised terms of agreement

tribune.com.pk

At this rate, default can be pushed to 2025 or beyond.

 

[Skull and Bones]

Congratulations, it’s about time CPEC starts generating revenues for Pakistan.

 

[ali_raza]

self sustaining economic growth will never happen unless
protectionism stops
exporters are given free hand i go as far as giving free utilities (electric water etc)
a robust electric distribution network privately owned
transition from agri based to industrial

most of all interest rate not more then 5%
let the heavens fall but don’t compromise on key economic points

and for god sake have a separate police unit to guard business areas so its have some mental satisfaction to businesses

and one more thing
keep the damn country just clean
basic cleaning
impose 6 month jail for someone throwing dirt outside or wall chalking
who will invest in country full of mardana kamzori and jadu tona

stability is key

 

[Bilal9]

@Bilal9 Pakistan is coming up again and may beat $20 billion net reserves of Bangladesh shortly. Lol.

It's okay - I am happy to see Pakistan come back.

More power to Pakistanis - may they have better leadership and a robust economy.

Jazakallahu Khairan. May the Almighty grant Pakistan the greatest of all blessings.