KARACHI: Foreign exchange reserves of the country and the State Bank of Pakistan (SBP) reached to almost three-and-a-half-year high, improving government’s ability to meet its external liabilities.

The SBP on Thursday reported that the total foreign exchange reserves of the country during the week ended on Nov 20 increased by $466.8 million to $20.55 billion — highest since 2016-17 when they peaked at $21.4bn.

Meanwhile, reserves held by the SBP increased by $484.3m during the week under review to $13.415bn.

Meanwhile, during the week under review, foreign exchange reserves held by commercial banks fell by $17.5m to $7.137bn. FX reserves held by the commercial banks have improved since June this year from $6.75bn.

Published in Dawn, November 27th, 2020

Opinion

Editorial

20 Jan, 2022

Too great a divide

THE government’s offer of talks to the opposition on electoral and judicial reforms is a welcome development in a...
Military inductees
Updated 20 Jan, 2022

Military inductees

Giving preference to military personnel for appointments in civilian roles is exposing them to unnecessary controversy.
20 Jan, 2022

Suu Kyi charges

MYANMAR’S ruling junta seems determined to spin a complicated legal web around Aung San Suu Kyi to ensure that the...
UAE targeted
Updated 19 Jan, 2022

UAE targeted

MONDAY’S deadly drone strikes by Yemen’s Houthi rebels targeting the UAE, and subsequent retaliatory attacks on...
19 Jan, 2022

New province debate

THE private bill introduced by a PML-N senator seeking a new province in south Punjab amounts to oversimplification...
19 Jan, 2022

Omicron in Karachi

WITH the wedding season in full swing, it is no surprise that the Covid positivity rate in Karachi has been touching...