KARACHI: The State Bank of Pakistan (SBP) has said that total liquid foreign exchange reserves of the country has decreased to $15.020 billion during the week ending January 16 as compared to $15.060bn the previous week.
The SBP reserves fell by $34m to reach $10.331bn from $10.365bn. The other banks’ holdings were $4.689bn as compared to $4.695bn.
During the week, the SBP made payments of $57m on account of external debt servicing and other official payments.
First lithium battery manufacturing plant set to open in Karachi
KARACHI: Pakistan’s first national lithium-ion battery manufacturing policy for 2026–31 is nearing approval, while the country’s first lithium battery production...
