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KARACHI: Reserves held by the State Bank of Pakistan further decreased by $242 million to $7.26 billion during the week ended on Dec 7.
The country witnessed some relief after the first tranche of $1bn from Saudi Arabia was received on Nov 9 but now the amount has run out.
Holdings of commercial banks during the week stood at $6.494bn while total liquid reserves of the country amounted to $13.754bn.
Published in Dawn, December 14th, 2018
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Dec 14, 2018 09:53am
The country witnessed some relief after the first tranche of $1bn from Saudi Arabia was received on Nov 9 but now the amount has run out. -- This I'm afraid was very predictable. IK's ideas are to place strategic band aids on the economy in order to stop the bleeding. --- Only increasing Pakistan's GDP will shore up the rupee on a permanent basis.
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Dec 14, 2018 12:24pm
what pti gvernment is doing is only press conference since election.
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