• About
  • Advertise
  • Careers
  • Contact
Sunday, April 11, 2021
  • Login
WRITE FOR US
Economy.pk
  • World
    • Americas
    • Asia
    • Europe
    • Canada
    • Africa
    • Middle East
    • Oceania
  • Politics
    • International Politics
    • Pakistan Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Sports
  • Education
  • Life & Style
    • Personalities
    • Entertainment
    • Art
    • Fashion
    • History
    • Culture
    • Health
      • Environment
      • Fitness
    • Food
  • Opinions
  • World
    • Americas
    • Asia
    • Europe
    • Canada
    • Africa
    • Middle East
    • Oceania
  • Politics
    • International Politics
    • Pakistan Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Sports
  • Education
  • Life & Style
    • Personalities
    • Entertainment
    • Art
    • Fashion
    • History
    • Culture
    • Health
      • Environment
      • Fitness
    • Food
  • Opinions
Economy.pk

Foreign Reserves of Pakistan Rally to $12 Billion

bySidra Butt
9 months ago
in All
0
Foreign Reserves of Pakistan Rally to $12 Billion
6
SHARES
326
VIEWS
Share on FacebookShare on Twitter

Foreign Exchange is considered as the trading of a certain currency with the other international currency. For Instance, Pak Rupee is traded against the US Dollar. The liquid Markets are the markets with comparatively low transaction costs and abundant buyers & sellers. These markets are the Forex Markets. Foreign Reserves are the reserves of an international currency in the Country’s account.

Pakistan’s liquid foreign exchange reserves surged to $12 billion in the week ending on July 03. According to details, the amount held by the State Bank of Pakistan stood at $12.041 billion.

Liquid Foreign Reserves of Pakistan observed a massive increase at the weekend. At the time, the foreign reserves, reserved in the State Bank of Pakistan are somewhat around $12.041 Billion. However, the Net Foreign Reserves in the commercial banks are mounted around 6.748.5 Billion US Dollars. Apparently, the increase was seen from 811 Million US Dollars to 12.041 Billion US Dollars.

Foreign Reserves

The focal cause of the massive increase in the reserves is due to the loan from China marked with an amount of $1 Billion US Dollars. State Bank of Pakistan has also paid the debts worth around $231.2 Million in this time. The situation, for now, is calm and stable.

The Stability surged for Pakistan Rupee against the US Dollar is the main artefact of this foreign reserve increments. However, the payment of external debts is persistent and properly scheduled. The Economy is dependent on these figures; either outgoing or incoming.

Tags: DollarEconomyEconomy of pakistanFinanceForeign ExchangeForeign MarketForexLiquid Foreign ReservesPak Rupee
Sidra Butt

Sidra Butt

Next Post
Saindak project sees the light after 8 months.

Saindak project sees the light after 8 months.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recommended

Private missions

First-time space travelers can take part in Private Missions

My heritage

Animate photos with the Deep nostalgia tool

China

China’s Covid-19 vaccine production to hit 3 billion

Rice

China the main destination for the export of Rice

G-20

Pakistan secures another $1 billion debt relief

Prince Philip

Prince Philip, Gun Salutes planned across the UK in tribute

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Twitter

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Careers
  • Contact

© 2020 All Rights Reserved Economy.pk

  • Finance
  • Politics
  • Business
    • Technology
    • Real Estate
    • Entrepreneurship
  • Life & Style
    • Personalities
  • Sponsored

© 2020 All Rights Reserved Economy.pk

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In