HomeBusinessForeign exchange reserves fall by 69 691 million

Foreign exchange reserves fall by 69 691 million

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Foreign exchange reserves fall by 69 691 million

Foreign exchange reserves declined by 69 691 million in one week And on November 19 SBP’s reserves stand at .3 16.3 billion Arrived at۔

SBP and commercial banks have foreign exchange reserves of 22 22 billion and کروڑ 770 million, while commercial banks have reserves of 6. 6.51 billion.

According to the central bank, the decline was mainly due to the repayment of external debt, the country’s external account is under double pressure of increasing debt repayment and rising current account deficit.

Increase in external debt

According to the data released by the State Bank of Pakistan on Wednesday, Pakistan’s foreign debt and liabilities (outstanding) increased by 4. 4.8 billion at the end of September 2021, or 4% to 7 127 billion as of June. 2 122.2 billion.

Current account deficit

According to the SBP, the current account deficit widened to 1. 1.66 billion in October, while in the first four months of the current fiscal year (July-October) the deficit widened to 5 5 billion, the main reason for the current account deficit being rising imports. The current account deficit rose 66 percent to 23 23.5 billion from 14 14.11 billion in the same period last year. However, analysts say the situation could improve in the coming months as negotiations with the IMF for the release of a 1 billion tranche have been successfully completed and the next tranche of the loan is expected to be released in January 2022. ۔

Restoration of IMF loan program

An agreement has been reached between the IMF and Pakistan for the restoration of a ڈالر 6 billion loan under which the next tranche of ارب 1.59 billion will be released to Pakistan after the approval of the IMF Executive Board.

According to a report released by the IMF, the amount provided to Pakistan after receiving the new tranche will be ارب 3.27 billion.



in details

Foreign exchange reserves declined by 69 691 million in one week And on November 19 SBP’s reserves stand at .3 16.3 billion Arrived at۔

SBP and commercial banks have foreign exchange reserves of 22 22 billion and کروڑ 770 million, while commercial banks have reserves of 6. 6.51 billion.

According to the central bank, the decline was mainly due to the repayment of external debt, the country’s external account is under double pressure of increasing debt repayment and rising current account deficit.

Increase in external debt

According to the data released by the State Bank of Pakistan on Wednesday, Pakistan’s foreign debt and liabilities (outstanding) increased by 4. 4.8 billion at the end of September 2021, or 4% to 7 127 billion as of June. 2 122.2 billion.

Current account deficit

According to the SBP, the current account deficit widened to 1. 1.66 billion in October, while in the first four months of the current fiscal year (July-October) the deficit widened to 5 5 billion, the main reason for the current account deficit being rising imports. The current account deficit rose 66 percent to 23 23.5 billion from 14 14.11 billion in the same period last year. However, analysts say the situation could improve in the coming months as negotiations with the IMF for the release of a 1 billion tranche have been successfully completed and the next tranche of the loan is expected to be released in January 2022. ۔

Restoration of IMF loan program

An agreement has been reached between the IMF and Pakistan for the restoration of a ڈالر 6 billion loan under which the next tranche of ارب 1.59 billion will be released to Pakistan after the approval of the IMF Executive Board.

According to a report released by the IMF, the amount provided to Pakistan after receiving the new tranche will be ارب 3.27 billion.


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