Government not considering access to commercial banks’ forex: Dar

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ISLAMABAD, Jan 11 (APP):Minister for Finance and Revenue, Ishaq Dar Wednesday said that the government was not considering an access to foreign exchange reserves held with the commercial banks which he said were the property of the citizens. “I have already said that Pakistan’s reserves are $10 billion. The figures I quoted were based on… Continue reading Government not considering access to commercial banks’ forex: Dar

PM’s timely decision on wheat import saved $US10.3 million, meeting told

ISLAMABAD, June 26 (APP): As a result of Prime Minister Shehbaz Sharif’s timely decision on the second tender of wheat import, the government has saved $US10.3 million of the national treasury, the meeting on wheat reserves informed on Tuesday. The review meeting chaired by PM Sharif on wheat stocks highlighted that the prime minister’s instruction… Continue reading PM’s timely decision on wheat import saved $US10.3 million, meeting told

Liquid foreign reserves stand at $23.55 bn

Workers’ remittances in July 2022

ISLAMABAD, Nov 18 (APP):Pakistan’s total liquid foreign reserves stood at $23.55 billion as of November 12, 2021, according to a data released by State Bank of Pakistan (SBP) on Thursday. The SBP said that on November 12, the foreign reserves held by the Central Bank amounted to $16.945 billion.The net foreign reserves holding with commercial… Continue reading Liquid foreign reserves stand at $23.55 bn

IMF allocations to take forex reserves to historic high level: SBP Governor

ISLAMABAD, Aug 13 (APP):Governor State Bank of Pakistan (SBP), Reza Baqir said Friday that the foreign exchange reserves of the central bank would reach to the historic high level once the country receives $2.77 billion on August 23 from International Monetary Fund’s (IMF) general allocations of $ 650 billion that had been approved to boost… Continue reading IMF allocations to take forex reserves to historic high level: SBP Governor

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