Search For "foreign exchange reserves"
India's foreign exchange reserves fall by $4.6 billion
Updated : 1 week, 5 days ago IST
New Delhi [India], June 17 (ANI): India's foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion dollar to $596.46 billion dollar, Reserve Bank of India (RBI) data showed on Friday.
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Chinese banks to refinance Pakistan with USD 2.3 billion funding
Updated : 3 weeks, 6 days ago IST
Islamabad [Pakistan], June 2 (ANI): China on Thursday agreed to refinance Pakistan with USD 2.3 billion worth of funds amid the dwindling foreign exchange reserves of the country.
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Int'l investors perceive Pakistan as country with high debt default risk
Updated : 1 month ago IST
Islamabad [Pakistan], May 26 (ANI): Pakistan is now perceived by the International investors as a country with high default risk at a time when the foreign exchange reserves by the State Bank of Pakistan (SBP) are down from USD 20 billion in August 2021 to USD 10.1 billion in nine months.
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Pakistan bans import of non-essential luxury items to 'stabilize economy'
Updated : 1 month, 1 week ago IST
Islamabad [Pakistan], May 20 (ANI): Pakistan has announced a ban on the import of 38 non-essential luxury items under 'emergency economic plan' amid the record fall of country's currency against the US dollar, on account of the rising import bill, and depleting foreign exchange reserves.
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Pakistan's foreign exchange reserves hit all-time low since December 2019
Updated : 1 month, 2 weeks ago IST
Karachi [Pakistan], May 13 (ANI): Trade deficits and increasing current account coupled with dried up dollar inflows, and external debt payments have resulted in an alarming dip in Pakistan's foreign exchange reserves, plunging to a record low since December 2019.
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Pakistan's external repayment position in red zone: Moody's
Updated : 2 months, 2 weeks ago IST
Islamabad [Pakistan], April 12 (ANI): With Pakistan facing political turmoil and a sliding economy, further deterioration in its external position including widening of current account deficit and erosion of foreign exchange reserves, would threaten the government's external repayment posit
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Pakistan's constitutional crisis to adversely affects its economy, say ana
Updated : 2 months, 3 weeks ago IST
Islamabad [Pakistan], April 5 (ANI): The ongoing constitutional crisis in Pakistan amid the dissolution of the National Assembly by Imran Khan can adversely affect the fragile economy of the country.
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Reserves of State Bank of Pakistan decreases by massive USD 2.915 billion
Updated : 2 months, 4 weeks ago IST
Islamabad [Pakistan], April 1 (ANI): Amid Pakistan's continuing economic woes, reserves held by the State Bank of Pakistan (SBP) decreased by a massive USD 2.915 billion, revealed the data released by the central bank on Thursday.
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Pak govt eyes people's gold to increase forex reserves
Updated : 4 months, 1 week ago IST
Islamabad [Pakistan], February 20 (ANI): The ruling Imran Khan-led Pakistan Tehreek-i-Insaf (PTI) government is considering a proposal to borrow gold biscuits and bars from the people to increase the country's foreign exchange reserves that remain on a sliding path despite taking over USD 5
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Pakistan's poor foreign exchange reserves, lack of financial reforms incre
Updated : 4 months, 1 week ago IST
Washington [US], February 16 (ANI): Pakistan's poor foreign exchange reserves and lack of financial reforms have increased its dependency on China, according to a media report.
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India set to achieve $400 billion merchandise export target in 2021-22, sa
Updated : 4 months, 4 weeks ago IST
New Delhi [India], January 31 (ANI): India is well on track to achieve a merchandise export target of 400 billion US dollars in 2021-22 after the pandemic-induced slump of the previous year, with strong capital flows into India leading to a rapid accumulation of foreign exchange reserves,
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Pakistan's foreign loans soar to USD 10.4 billion in July-December
Updated : 5 months ago IST
Islamabad [Pakistan], January 28 (ANI): Pakistan has borrowed USD 10.4 billion in the past six months, which was higher by 78 per cent over the same period of last year, as it struggled to address the growing current account imbalance and keep the debt-financed foreign exchange reserves at c
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