Pakistan's Forex reserves rise to $20.552bln

[miafridi]

KARACHI: Pakistan’s foreign exchange reserves increased 2.32 percent, or $467 million, during the week ended November 20 on the back of official inflows, the central bank reported on Thursday.


The total liquid foreign exchange reserves held by the country stood at $20.552 billion, compared with $20.085 billion in the previous week.

The State Bank of Pakistan’s forex reserves increased $484 million to $13.415 billion due to the official inflows, the SBP said in a statement. The SBP’s reserves amounted to $12.931 billion a week ago. The forex reserves of commercial banks fell to $7.136 billion from $7.154 billion.

https://www.thenews.com.pk/print/74...ness+(Business+News+-+The+News+International)

 

[Aslan]

This is good news but considerinPakistan's population and siz this is very small amount.Tiny countries without any natural resources have many times more reserves because they are productive and use science and technology to produce value added goods for export.They also have good governance which helps.

 

[miafridi]

This is good news but considerinPakistan's population and siz this is very small amount.Tiny countries without any natural resources have many times more reserves because they are productive and use science and technology to produce value added goods for export.They also have good governance which helps.

The direction is right now so hopefully we will see consistent increase in future.

 

[tipupk]

Thanks for sharing good news.​

 

[samkhan]

Raja Gidh kidhar hay?

 

[Modest]

Raja Gidh kidhar hay?

Wo Nani 420 ke liye Chooha biryani paka raha hai

 

[Dawood Hassan]

things are certainly heading in the right direction.