Friday, October 30, 2020
Array

Pakistan’s foreign exchange reserves depletes by $567 million to $14.017.8 billion

Featured

Meezan Bank inks deal with BPC Banking Technologies to accommodate Pakistan’s digital payments boom

Pakistan’s largest Islamic bank kicks off its digital transformation program with the upgrade of its legacy payment platform The partnership...

Armenian defense denies targeting civilian sites in Azerbaijan

The Armenian Ministry of Defense denied targeting civilian sites in Azerbaijan, according to an urgent news broadcast, Azerbaijan announced...

Harris promised to end Trump’s policies on asylum restrictions and ensure immigrant dignity

Democratic candidate for US Vice President Kamala Harris promised to work with Democratic presidential candidate Joe Biden to put...
Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

KARACHI: The foreign exchange reserves of the country depleted by $567 million to $14.017.8 billion by week ended December 27 as compared with $14.584 billion in the preceding week, State Bank of Pakistan (SBP) said on Thursday.

The official reserves held by SBP declined by $591 million to $7.457 billion by week under review as compared with $8.048 billion in the preceding week.

The reserves of the central bank depleted due to external debt servicing and other official payments, the SBP said.

The foreign exchange held by commercial banks also eased by $24.3 million to $6.560 billion as against $6.536 billion.

Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]
- Advertisement -

Latest News

Meezan Bank inks deal with BPC Banking Technologies to accommodate Pakistan’s digital payments boom

Pakistan’s largest Islamic bank kicks off its digital transformation program with the upgrade of its legacy payment platform The partnership...

Telenor Pakistan Bags Network Transformation Awards 2020 for CCS

In line with its commitment to strengthening the pillar of connectivity and providing high-quality broadband services across the length and breadth of the country,...

Shell Pakistan announces a profit in Q3 2020

The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the third-quarter results for the company. Shell posted an after-tax profit of PKR 1,812...

Armenian defense denies targeting civilian sites in Azerbaijan

The Armenian Ministry of Defense denied targeting civilian sites in Azerbaijan, according to an urgent news broadcast, Azerbaijan announced that 4 civilians were killed...

Harris promised to end Trump’s policies on asylum restrictions and ensure immigrant dignity

Democratic candidate for US Vice President Kamala Harris promised to work with Democratic presidential candidate Joe Biden to put an end to the policies...

Related News