Pakistan’s foreign exchange reserves decline to $9.565 billion due to external repayment
Pakistan’s foreign exchange reserves have declined by $195 million to $9.565 billion due to repayment of foreign debt, State Bank said on Thursday.
Pakistan’s foreign exchange reserves have declined by $195 million to $9.565 billion due to repayment of foreign debt, State Bank said on Thursday.
On April 8th, Pakistan’s Minister for Finance and Revenue, Muhammad Ishaq Dar, held a press conference to address the cancellation of his visit to the United States for the annual and spring meetings of the International Monetary Fund (IMF) and World Bank.
Official documents released on Friday revealed that Pakistan has experienced an unprecedented increase in petroleum prices over the past year.
The Saudi Fund for Development (SFD) has recently signed a loan agreement worth $240 million to support Pakistan’s Mohmand Multipurpose Dam Project, according to a statement issued Friday.
The State Bank of Pakistan (SBP) Thursday announced that the country’s foreign exchange reserves fell by $55 million to $9.76 billion by the week ending on March 31, 2023.
Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved amendments to Import Policy Order (IPO) 2022 regarding import of live animals and animal products.
The World Bank has painted a bleak economic outlook for Pakistan for the fiscal year 2023, with several factors contributing to the expected slow growth of only 0.4 percent.
Exports of Pakistan have plummeted by 10 percent during nine month (July – March) 2022-2023, official data revealed on Monday.
On Sunday, Prime Minister Muhammad Shehbaz Sharif expressed his satisfaction regarding the reopening of Khunjerab Pass, stating that it would boost bilateral trade between Pakistan and China.
Khunjerab Pass, a vital trade route between Pakistan and China, has been reopened after being closed for almost three years due to the Covid-19 pandemic.