Foreign exchange reserves crash by $2.6 bln despite financial support from friendly countries

MG News | June 28, 2019 at 11:08 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 28, 2019 (MLN): The foreign exchange reserves held by State Bank of Pakistan have fallen sharply by $2.6 billion in the first 11 months of current government.

The foreign reserves stood at $7.282 billion as of June 21, 2019, as compared to $9.88 billion in August 2018.

In the same way, the total foreign exchange reserves stood at $14.35 billion as of June 21, whereas they totaled $16.391 billion in August 2018.

Ironically, the amount of reserves went down significantly in spite of the financial support worth $9.6 billion received from various friendly countries.

To recall, Pakistan had received around $4.6 billion in financial aid from China, $3 billion from Saudi Arabia and $2 billion from UAE.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,402.08 123.44M	0.15% 248.92
ALLSHR	103,762.74 640.45M	0.28% 285.71
KSE30	50,998.57 52.62M	0.19% 96.59
KMI30	244,665.18 69.20M	0.37% 899.52
KMIALLSHR	67,290.94 377.69M	0.30% 203.90
BKTi	47,479.22 9.62M	-0.28% -135.50
OGTi	35,149.09 4.24M	0.85% 295.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,410.00	86,950.00 85,195.00	-180.00 -0.21%
BRENT CRUDE	99.91	102.30 97.43	-0.43 -0.43%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.10 4.92%
ROTTERDAM COAL MONTHLY	137.10	137.10 137.10	-0.20 -0.15%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	91.32	93.84 89.16	-1.05 -1.14%
SUGAR #11 WORLD	18.51	18.57 18.02	0.12 0.65%