Mumbai: India’s foreign exchange reserves fell for the fifth straight week to a 10-month low of $634.59 billion as of January 3, data from the Reserve Bank of India (RBI) showed on Friday. Reserves decreased by $5.7 billion in the aforementioned week, after declining by a cumulative amount of $17.8 billion in the previous three … Read more
Pakistan’s foreign exchange reserves saw a decline of $261.2 million or 1.57% on a week-on-week basis, bringing the total to $16.37 billion during the week ending December 20, 2024. The decline was primarily driven by a significant decline in reserves held by Pakistan. State Bank of Pakistan (SBP). According to data released by the State … Read more
Foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $30.7 million (0.25% y-o-y) to $12.08 billion during the week ending December 13, 2024, according to data released by the State Bank of Pakistan on Thursday. The country’s total reserves also saw a slight increase of $31.8 million (0.19% year-on-year), reaching $16.63 … Read more
Pakistan’s total liquid foreign reserves fell to $15.93 billion as of November 1, 2024, representing a decline from the previous week’s $16.05 billion, according to recent data released by the State Bank of Pakistan (SBP). The latest figures show that the State Bank of Pakistan holds $11.17 billion of the total, while commercial banks hold … Read more
State Bank of Pakistan building in Karachi. – Application/File KARACHI: Despite difficult conditions, Pakistan’s external account has improved significantly since October 2023, State Bank of Pakistan Governor Jamil Ahmed said. Hence, the Central Bank Governor expects the country’s foreign exchange reserves to reach $13 billion by the end of the current fiscal year. This came … Read more