KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week decrease of 0.3%, according to data released by State Bank of Pakistan.
SBP’s liquid foreign exchange reserves decreased $26 million to $8,693 million compared with $8,719 million in the previous week.
During the week, the SBP made payments of $61 million on account of external debt. No major official inflow was received by the SBP during the week.
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $13,414.8 million while net foreign reserves held by banks amounted to $4,721.4 million on September 5.
Pakistan’s foreign exchange reserves increased more than 50% in 2013-14, which earned the SBP accolades from the International Monetary Fund (IMF).
Sales tax chaos: Hybrid vehicle makers halt production
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded an immediate rollback of the sales tax...
