Foreign Reserves

Latest News for: Foreign reserves

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Rupee to remain range-bound against dollar next week

The News International 26 Mar 2023

The real effective exchange rate (REER) for the month of February came in at 86.45, but in a situation where dwindling foreign exchange reserves are the main issue, REER is irrelevant. The country’s foreign exchange reserves held by the central bank increased by $280 million to $4.598 billion in the week ending March 17.

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Pakistani ex-PM Khan sets out economic rescue plan at rally

Bowling Green Daily News 26 Mar 2023

Prime Minister Shahbaz Sharif is struggling to maintain economic and political stability amid dwindling foreign exchange reserves and the aftermath of last summer’s record-breaking floods, which killed 1,739 people and destroyed millions of homes ... All rights reserved.

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Saudi Arabia demands economic reforms in Pakistan, ends 'easy money'

Greek City Times 26 Mar 2023

The country is currently sitting on just USD 3 billion in foreign exchange reserves ... “While previously Saudi Arabia and other Gulf countries would bail Pakistan out off the back of a phone call from the foreign minister or the prime minister, this time around they are really being put through the mill,” Karim told Middle East Eye.

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Pakistani ex-PM Imran Khan sets out economic rescue plan at rally

Irish Independent 26 Mar 2023

The government denies the allegation.Prime Minister Shehbaz Sharif is struggling to maintain economic and political stability amid dwindling foreign exchange reserves and the aftermath of last summer’s record-breaking floods, which killed 1,739 people and destroyed millions of homes.

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IMF sets another condition for crisis-hit Pakistan to revive loan

Live Mint 26 Mar 2023

Finance Minister Ishaq Dar has been saying it should be around USD 5 billion.The deal will also unlock other bilateral and multilateral financing avenues for Pakistan to shore up its foreign exchange reserves, which have fallen to four weeks' worth of import cover, reported Geo News.Kozack was further asked about the status of talks with Pakistan.

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Pakistan inflation soars to 47%, Onions up 228% and wheat up 120%

Live Mint 26 Mar 2023

This came following a continued hike in prices of essential commodities.Of the 51 items tracked, the prices of 26 items increased, 13 items decreased, whereas those of 13 items remained unchanged.Items that have recorded a price high are onions (228.28%), cigarettes (165.88%), ...

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Removal of import cash margins welcomed

Dawn 26 Mar 2023

LAHORE. The business community on Saturday appreciated the State Bank of Pakistan’s decision of removing cash margin restrictions on imports of goods terming it a step in the right direction ... We have suggested the government to immediately announce a declaration scheme so that undeclared foreign reserves can become part of our economy,” he added ... .

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Pakistan's Ex-PM Khan Holds Massive Rally to Press for Elections

Voa News 26 Mar 2023

That's fine with me ... Inflation has risen to more than 46%, foreign exchange reserves have sunk to record lows, and the country of about 220 million people is on the brink of default on foreign debt payments as the International Monetary Fund has yet to revive a critical bailout program for Pakistan over a lack of economic reforms ... .

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Three important crypto stories to look out for this week

The Block 26 Mar 2023

Examples include using CBDCs for offline payments, tokenized foreign exchange settlements and livestock auctions. A public-private partnership between the Reserve Bank of Australia and Digital Finance Cooperative Research Centre are orchestrating the project ... All Rights Reserved.

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Letter: Stokes has right stuff for board

Lincoln Journal Star 26 Mar 2023

I am a retired Lincoln attorney who in my younger years had the distinct privilege of flying military jets with the Nebraska Air National Guard ... Stokes recently retired from the United States Air Force Reserve at the rank of colonel after operational and planning staff tours at foreign embassies, Strategic Command and Pacific Command ... Nation’s No ... .

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SBP expected to raise its policy rate by up to 200bps in early April

Dawn 26 Mar 2023

KARACHI. Despite government’s claims that all prior conditions of the IMF have been met except foreign exchange reserves, the central bank is expected to raise the interest rates by up to 200 basis points in its next monetary policy meeting, analysts and financial sector experts said on Saturday ... Published in Dawn, March 26th, 2023. .

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Today in History: March 26

Fort Wayne Journal Gazette 26 Mar 2023

Today is Sunday, March 26, the 85th day of 2023. There are 280 days left in the year ... Geological Survey ... In 1962, the U.S. Supreme Court, in Baker v ... In 2010, the U.S ... Jeff Fortenberry of Nebraska resigned from office after a jury convicted him of lying to federal authorities about an illegal campaign donation from a foreign national ... All rights reserved.

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Pricing dispute causes shortage of critical medicine in Pakistan

Anadolu Agency 26 Mar 2023

Grappling with rising production costs owing to skyrocketing inflation and massive devaluation of the local currency in recent years, the industry demands a 38% increase ... Islamabad is reeling from an acute balance of payments crisis, desperately seeking to secure external financing, with foreign reserves falling to slightly more than $4 billion ... .

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Pricing dispute causes shortage of critical medicine

Dawn 26 Mar 2023

“Most of the importers are nowadays importing a minimum quantity of dozens of essential and non-essential medicines just to keep their licenses intact ... The government is reeling from an acute balance of payments crisis, desperately seeking to secure external financing, with foreign reserves falling to slightly more than $4 billion ... .

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Sinopec Tackled Challenges and Achieved Solid 2022 Results

Eagle-Tribune 26 Mar 2023

Sinopec Corp.'s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to the price fluctuation, possible changes in actual demand, foreign exchange ...