Tag: foreign exchange reserves
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State Bank’s foreign exchange reserves surge by $112 million in a week
Foreign exchange reserves held by the State Bank of Pakistan (SBP) saw a rise of $112 million over the past week, bringing the total to $9.4 billion as of August 23, according to data released on Thursday.
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Moody’s upgrades Pakistan’s credit rating to Caa2, citing improved economic stability
Moody’s Investors Service has upgraded Pakistan’s long-term issuer rating from “Caa3” to “Caa2” with a stable outlook, reflecting a moderate improvement in the country’s macroeconomic conditions and external financial position.
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SBP-held foreign exchange reserves climb to $9.153 billion with $51 million increase
The State Bank of Pakistan (SBP) has reported an increase of $51 million in its foreign exchange reserves, which reached $9.153 billion for the week ending August 2. The central bank has not disclosed the source of this inflow. This rise marks the second consecutive week of increases in the SBP’s reserves, which had previously…
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SBP-held forex reserves surge by $18.6 million to $9.42 billion
The latest figures from the State Bank of Pakistan (SBP) reveal a slight increase in the country’s foreign exchange reserves. During the week ending July 12, 2024, SBP’s reserves grew by $18.6 million, marking a 0.20 per cent rise to reach $9.42 billion.
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SBP’s forex reserves decrease by $239 million in a week due to debt repayments
Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $239 million, reaching $8.896 billion as of June 21, according to data released by the central bank on Thursday.
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Record high: Overseas workers’ remittances hit $3.24 billion in May 2024
In May, overseas workers’ remittances soared by 54.2 per cent compared to the same period last year, reaching $3.24 billion, according to the latest data from the State Bank of Pakistan (SBP).
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SBP-held foreign exchange reserves rise by $15.8 million to $9.11 billion
The State Bank of Pakistan (SBP) reported a modest increase in its foreign exchange reserves, rising by $15.8 million or 0.17 per cent.
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Pakistan’s forex reserves decline by $63.3 million to $9.09 billion
The State Bank of Pakistan (SBP) has reported a marginal decline in the nation’s foreign exchange reserves, indicating a decrease of $63.3 million or 0.69 per cent week on week (WoW) to $9.09 billion, according to data released on Thursday.
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SBP-held foreign exchange reserves rise to $9.14 billion
During the week ending May 10, 2024, the State Bank of Pakistan (SBP) reported a notable uptick in its foreign exchange reserves, marking an increase of $15.2 million or 0.17 per cent week-on-week (WoW), bringing the total to $9.14 billion.
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SBP-held forex reserves rise by $25 million to reach $8 billion
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $25 million on a weekly basis, reaching $8 billion as of April 26, according to data released on Thursday.