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	165,823.88 448.99M	-1.54% -2588.35
ALLSHR	99,160.90 1,085.27M	-1.67% -1680.26
KSE30	50,101.96 142.26M	-1.74% -888.53
KMI30	238,681.37 216.35M	-1.30% -3152.79
KMIALLSHR	64,435.58 615.36M	-1.35% -884.80
BKTi	46,165.92 56.22M	-2.48% -1174.89
OGTi	34,125.34 9.28M	-2.33% -814.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,075.00	76,265.00 75,960.00	300.00 0.40%
BRENT CRUDE	121.68	122.53 110.26	10.42 9.37%
RICHARDS BAY COAL MONTHLY	113.00	113.00 109.00	4.25 3.91%
ROTTERDAM COAL MONTHLY	110.50	110.50 105.00	5.85 5.59%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	108.05	109.64 107.58	1.17 1.09%
SUGAR #11 WORLD	14.75	14.80 14.25	0.52 3.65%