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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KSE100	176,846.36 409.77M	-0.62% -1109.15
ALLSHR	107,272.74 784.99M	-0.45% -487.35
KSE30	52,438.23 109.21M	-0.80% -423.49
KMI30	248,794.52 113.36M	-0.65% -1628.55
KMIALLSHR	68,802.42 561.58M	-0.38% -262.45
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	69,535.00	70,205.00 69,175.00	960.00 1.40%
BRENT CRUDE	91.75	92.33 91.47	0.13 0.14%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	1.00 0.92%
ROTTERDAM COAL MONTHLY	122.50	122.50 122.50	-0.45 -0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.29	84.92 84.23	-0.10 -0.12%
SUGAR #11 WORLD	17.56	17.66 17.31	0.09 0.52%