Pakistan recieves $1bn from UAE

MG News | July 12, 2023 at 07:12 PM GMT+05:00

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July 12, 2023 (MLN): The State Bank of Pakistan (SBP) has received a $1 billion deposit from United Arab Emirates (UAE), Federal Minister for Finance Muhammad Ishaq Dar said in a video message.

This inflow will increase Pakistan’s foreign exchange reserves by a total of $3bn this week.

To note, as of June 30, 2023, the country's total reserves stood at $9.75bn.

This inflow comes on top of $2bn received from Saudi Arabia yesterday.

Ishaq Dar extended his gratitude to the leadership of UAE for their great gesture and support by placing said deposit of $1bn with State Bank of Pakistan.

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Name	Price/Vol	%Chg/NChg
KSE100	166,384.22 378.85M	0.35% 573.21
ALLSHR	98,992.88 740.30M	0.31% 302.88
KSE30	50,443.02 214.41M	0.24% 122.62
KMI30	242,420.83 188.46M	-0.16% -382.84
KMIALLSHR	64,884.90 375.24M	0.09% 55.90
BKTi	45,843.85 63.52M	0.54% 245.06
OGTi	34,386.29 12.95M	-1.89% -661.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,445.00	71,740.00 70,650.00	-30.00 -0.04%
BRENT CRUDE	97.38	98.53 96.30	2.63 2.78%
RICHARDS BAY COAL MONTHLY	105.40	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	107.25	110.00 107.00	-0.40 -0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	97.24	98.38 96.25	2.83 3.00%
SUGAR #11 WORLD	14.21	14.30 14.18	-0.02 -0.14%