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KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to $20.4 billion on July 21, down $394 million or 1.9 per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday.
Reserves of the SBP decreased $476m to $15bn due to payments on account of external debt servicing and other official payments, a statement by the central bank said.
Net foreign exchange reserves held by commercial banks amounted to $5.4bn on July 21, slightly up from the preceding week.
Published in Dawn, July 28th, 2017
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Comments (6) Closed
Jul 28, 2017 10:48am
Sometime to go for CPEC to become streamline then u see the graph climbing!
Or
Slifibg
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Jul 28, 2017 10:58am
Most Pakistani exporter companies do not bring back the full payments, principal amounts plus sales profits back into the Banking Systems & economy of Pakistan. Those export companies receive bonus incentive payments as upfront profits. All export trade related financial assets must be repatriated to Pakistan, no excuses or exceptions! But those selfish greedy treasonous executives park and invest Pakistani corporate financial assets in USA, Europe, UAE, etc, and enrich and progress the foreign lands, instead of Pakistan. The looting of Pakistani treasures by devious rich elite never stops. The illegal outflow of Pakistani earned tradable reserve hard-currencies via Iran, afganistan, Central Asia, Russia, apartheid Bharat, UAE, GCC, must be stopped & banned forthwith, with penalty of Death-by-Hanging, for treason against Pakistan.
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Jul 28, 2017 12:05pm
Cpec payments with guaranteed interest rates will start in 2020. No need to worry till then.
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Jul 28, 2017 12:19pm
394 million dollars are peanuts... 61billion dollars is the total investment through cpec
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Jul 28, 2017 04:39pm
A departing gift by Ishaq Dar and his cronies.
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Jul 29, 2017 09:26am
@Comman sense Calling CPEC loans investments is not common sense.
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