6
KARACHI: The country’s total foreign exchange reserves once again crossed the $23 billion level during the week ended on Aug 19, announced the State Bank of Pakistan on Thursday.An inflow of $467 million from the international financial institutions boosted the SBP’s forex holding to $18.187bn, while the reserves of the scheduled banks remained static at $4.894bn. The country’s total reserved stood at $23.081bn during the week.
The buildup in reserves was achieved through extensive borrowings from the international lenders and central bank’s dollar buying from the currency market along with savings from lower import bill.
Published in Dawn, August 26th, 2016
Read more
On DawnNews
Comments (6) Closed
Aug 26, 2016 08:56am
Essentially this loan build up
Recommend
0
Aug 26, 2016 11:46am
the line reads: "achieved through extensive borrowings from the international lenders" so it is quite evident!
Recommend
0
Aug 26, 2016 12:23pm
Good to know Pakistan's foreign exchange reserve. Bangladesh forex reserve is more than 30 billion dollars in 2016. Bangladesh achivement is due to increased export and reducing import of food grain. Now BD's balance of payment is also much favourable then before.
Recommend
0
Aug 26, 2016 03:50pm
Please tell us how much we have borrowed in mean time..
Recommend
0
Aug 26, 2016 03:56pm
@Mirza Mahmud Askari, Dhaka happy to know Bangladesh is fast growing economy.
Recommend
0
Aug 26, 2016 05:06pm
Bangladesh Reserves cross $31bn (July 2016).
Recommend
0
