Search For "exchange reserve"
India's forex reserves hit about six-month high of USD 573.7 billion
Updated : 3 years, 4 months ago IST
India's foreign exchange reserves rose by whopping USD 1.727 billion to USD 573.727 billion in the week ending on January 20.
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Pak spent USD 1.2bn on import of cars in 6 months despite crisis: Report
Updated : 3 years, 4 months ago IST
The News International newspaper reported that Pakistan is facing an acute shortage of dollars and has less than USD 5 billion in its reserves with its State Bank. The report said this is hardly sufficient to finance three-week of its imports. Last year, the imports of these transportation v
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Pakistan's economic crisis going from bad to worse: Report
Updated : 3 years, 4 months ago IST
On January 6 the Forex reserves in the State Bank of Pakistan (SBP) touched the lowest mark of USD 4.343 billion just enough for two weeks. The recurring economic crises in Pakistan are primarily caused by a persistent fiscal deficit, which is a result of the government's tendency to overspe
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India's forex reserves rose over USD 10 bln to hit five-month high
Updated : 3 years, 4 months ago IST
India's foreign exchange reserves rose by USD whopping USD 10.417 billion to USD 572.0 billion in the week ending on January 13.
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Pakistan's virtual talks with IMF likely from next week
Updated : 3 years, 4 months ago IST
Amid a reeling economic crisis and falling foreign exchange reserves, virtual talks between Pakistan and International Monetary Fund (IMF) are likely to commence next week, Geo News reported.
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There's evidence major central banks diversifying away from USD: Credit Su
Updated : 3 years, 4 months ago IST
At present, the US dollar represents slightly more than 60 per cent of global foreign exchange reserves at central banks, compared to more than 80 per cent in the early 1970s.
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World Bank slashes Pakistan GDP growth projection to 2 per cent
Updated : 3 years, 4 months ago IST
Pakistan's economic condition is precarious with low foreign exchange reserves and large fiscal and current account deficits, has further worsened by severe flooding.
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Pakistan: SBP's forex reserves dwindle to USD 4.5 billion, Islamabad left
Updated : 3 years, 4 months ago IST
According to sources, the development left Pakistan with an import cover of only under a month, as the country grapples with a deteriorating economic crisis while trying to bring down imports amid a dollar shortage.
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Pak economy facing its worst crisis, grim scenario ahead in 2023
Updated : 3 years, 5 months ago IST
Pakistan is facing its worst economic crisis since its birth and a grim scenario dodges Islamabad in 2023 amid rising foreign debts, inflation, and falling foreign exchange reserves.
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India's forex reserves decline by USD 691 million for week ending Dec 23
Updated : 3 years, 5 months ago IST
India's foreign exchange reserves fell by USD 691 million to USD 562.808 billion in the week that ended on December 23, Reserve Bank of India's Bulletin Weekly Statistical Supplement latest data showed.
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State Bank of Pakistan's foreign exchange reserves plunge to 8-year low at
Updated : 3 years, 5 months ago IST
The plunge in forex reserve is a worrisome scenario as it will create problems in the repayment of its huge foreign debts.
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Finance Minister Ishaq Dar admits economic situation of Pakistan in slump
Updated : 3 years, 5 months ago IST
Despite acknowledging that there were problems with the economy, Pakistan's Finance Minister Ishaq Dar assured investors that "there is no way Pakistan is going to default."
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