Thursday, February 27, 2020

Pakistan receives $1 billion aid from UAE, country’s reserve surged $ 14.25 billion

Featured

US official: Corona’s outbreak will not change China’s commitment to buy US goods

A senior US Treasury official said on Thursday that the US government expects China to fulfill its commitment to...

China: Corona virus death toll rises to 2239, and 75,567 infections

China’s National Health Committee announced on Friday that it has received reports of 889 new confirmed cases of the...

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
Pakistan has received $ 1 billion from UAE. The payment is provided by Abu Dhabi Fund for Development (ADFD) to with an aim to support Pakistan’s economic growth and to achieve the long-term objectives of its monetary policy. Central Bank of Pakistan announced on Thursday evening.

 

It is pertinent to mention here that United Arab Emirates will provide total amount of $ 3 billion soon.

 

Read more: Abu Dhabi fund assigns US$3 billion to SBP

 

Pakistan’s total foreign exchange reserves before receiving the amount of $ 1 billion were declined by $232 million during a week over repayment of foreign debts, State Bank of Pakistan (SBP) said on early Thursday.

 

The total foreign exchange reserves of the country have fallen by $232 million to $13,257.2 billion by week ended January 18, 2019 as compared with $13.489.2 billion in the preceding week.

 

The official reserves of the SBP decreased by $256.1 million to $6,636.1 billion as against $6,901.2 billion.

 

The central bank said that the official reserves had fallen due to external debt servicing and other official payments.

 

The reserves held by commercial banks increased by $33.1 million to $6,621.1 billion as compared with $6,588 billion.

 

Pakistan foreign exchange reserves, Foreign exchange reserves of Pakistan on Jan 24 $13,257.2, external debt servicing, Pakistan.

 

After the arrival of $ 1 billion, Pakistan’s foreign exchange reserves surged to $ 14,257.2 billion.

 

Read more: Pakistan’s foreign exchange reserves declines by $232 million on debt servicing

 

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

Breaking: Malaysian PM Dr Mahathir submits resignation to the King

Dr Mahathir Mohamad has sent his resignation letter as Prime Minister of Malaysia today. According to the Prime Minister's Office,...

Trump adviser Roger Stone sentenced to 3 years in prison for lying

A federal judge issued a ruling on Thursday against Roger Stone, a longtime adviser to US President Donald Trump, to three years and four...

US official: Corona’s outbreak will not change China’s commitment to buy US goods

A senior US Treasury official said on Thursday that the US government expects China to fulfill its commitment to purchase more US goods under...

Voting begins in Iran’s parliamentary elections

The Iranians began voting on Friday in a parliamentary election that is unlikely to change Tehran's troubled relations with the United States, after excluding...

Austrian Parliament: There is no place for ISIS operatives in the country

Herbert Kickel, head of the Parliamentary Bloc of the Freedom Party (the third largest Austrian party), confirmed that anyone who joined the terrorist group...

Related News