Pakistan’s foreign exchange reserves rise by $18m

SHARE:

Islamabad: Pakistan’s foreign exchange reserves held by the central bank rose by $18 million in the week ending on March 10, the State Bank of Pakistan (SBP) said on Thursday.

According to the handout issued by the SBP, its reserves stood at $4.319 billion while net foreign reserves held by commercial banks were $5.527bn.

Arif Habib Limited calculated that the reserves were sufficient to cover nearly a month of imports, the Down reported.

The central bank said total liquid foreign reserves held by the country stood at $9.846bn.

Pakistan is currently grappling with one of the country’s worst economic crisis amid dwindling foreign exchange reserves. That has raised fears that Pakistan could default, although Sharif insists it pulled the country from the brink of the default when it took over last year.

Sharif has blamed Prime Minister Imran Khan and his government for the economic malaise. Khan was ousted in a no-confidence in Parliament in April, and has since been campaigning for early elections.

Read all the Latest NewsTrending NewsCricket NewsBollywood News,
India News and Entertainment News here. Follow us on FacebookTwitter and Instagram.

Also Read

[TRENDING]_$type=ticker$count=9$cols=4$cate=0$color=#0096a9$sp=3500

Name

Article,4,ASE News,2,Business,23,codecanyon,3,DPR,1,Education / Employment,1,Entertainment,10,IANS – The Siasat Daily,3,India news,4194,Latest news,1,Madhy Pradesh,465,main,19,National,162,News,1,PTI – The Siasat Daily,3,Sports,11,World,22,World News,1958,
ltr
item
Pakistan’s foreign exchange reserves rise by $18m
Pakistan’s foreign exchange reserves rise by $18m
ASE News
https://www.asenews.page/2023/03/pakistans-foreign-exchange-reserves.html
https://www.asenews.page/
https://www.asenews.page/
https://www.asenews.page/2023/03/pakistans-foreign-exchange-reserves.html
true
8343353446356446311
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content