Friday, February 3, 2023
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Tag: Forex

Amid deepening forex crisis Pakistan has to repay $8.3bn external debt in three months

Pakistan will have to repay approximately $8.3 billion in shape of external debt servicing over the next three months (Jan-March) of the current fiscal...

Pakistan’s forex reserves surge past $8bn

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) soared by nearly 20% — to a 15-week high — surpassing the...

Toyota, Suzuki to partially shut Pakistan output over forex, shortage issues

Pakistan’s two leading car assemblers, Toyota and Suzuki, plan partial plant shutdowns next month due to unavailability of raw material amid import restrictions and...

Govt sets eyes on masses gold to boost forex reserves

The inflation-stricken Pakistani nation is again a target of the PTI-led government as it is considering a proposal to borrow gold biscuits and bars...

SBP: Foreign exchange reserves drop $1.65b to $17.492b

The foreign exchange reserves held by the central bank have dropped by 8.6% on a weekly basis, the drop was recorded in the data...

PKR gains 11 paisas against USD

The Pakistani Rupee (PKR) fought back on Tuesday against USD as it appreciated by 11 paisas in interbank session as the currency closed the...

Pakistan’s forex reserves reach $23,015m: SBP

The total foreign reserves held by Pakistan currently stand at $23,015.9million, according to the State Bank of Pakistan (SBP). This was announced through their...

Pakistan’s forex reserves climb to five-year high of $23.2bn

KARACHI: The foreign exchange reserves held by Pakistan have reached a five year high, according to data released by the State Bank of Pakistan...

Pakistan to benefit from $650 billion increase in IMF reserves

KARACHI: The finance ministers of the developed countries have agreed to boost the International Monetary Fund (IMF) reserves by adding $650 billion -- a...

Will US dollar slide below Rs150?

The Pakistani Rupee surged by almost Rs5.45 against the US dollar during the month of March amid low demand for the greenback. Now market sources...

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