SBP reserves rise by $138 mln to $8.6 bln

[Siasi Jasoos]

Karachi: The economic policies of the incumbent government have started to yield positive results as foreign exchange reserves of State Bank of Pakistan (SBP) soared by $138 mln to $8.6 bln.

A couple of weeks earlier, forex reserves were on downward trajectory falling below USD 7 billion threshold. This raised alarm bells whether or not Pakistan can fulfill its financial requirements.

Financial assistance from UAE, China, Saudi Arabia and brotherly nations boosted forex reserves.

However, SBP has not disclosed reason for increase in the forex reserves.

https://gnnhd.tv/index.php/Business/9775-1568833200

 

[Zaidi Qasim]

The reason for Increase is Murad Saeed and his visit to KSA.

 

[Samlee]

The reason for Increase is Murad Saeed and his visit to KSA.

Yeah Considering Madam Calibri Was Already Booked

 

[islamabadi]

300 million dollars not being paid to saudi arabia every month for oil imports.....and you have the resulting increase in reserves......nothing special about it.....koi kamaal nahi hai na rocket science hai