Pakistan's forex reserves to rise for first time in three months

MG News | November 20, 2018 at 10:52 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 20, 2018 (MLN): Pakistan’s foreign exchange reserves are set to escalate to more than $14 billion, following the receipt of the tranche worth $1 billion from Saudi Arabia, under a financial assistance package. The total worth of this package amounts to $6 billion.

However, this additional amount will only reflect in the reserves data that will release next week, November 29, 2018.

This will be the first increase in forex reserves in the last 3 months, since August 17, 2018.

Extending a helping hand to the Pakistani government in times of crisis, Saudi Arabia agreed last month, to loan the country $3 billion in foreign currency support for a year and an additional loan of $3 billion in deferred payments for oil imports.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,514.45 270.58M	2.23% 3683.02
ALLSHR	101,435.11 727.15M	2.12% 2101.39
KSE30	50,579.18 130.90M	2.48% 1222.35
KMI30	242,349.77 110.71M	2.17% 5137.60
KMIALLSHR	65,996.09 380.10M	1.90% 1228.68
BKTi	46,176.73 48.16M	2.68% 1203.71
OGTi	35,670.57 11.87M	2.41% 839.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,760.00	78,275.00 76,655.00	55.00 0.07%
BRENT CRUDE	104.85	109.30 102.17	-0.17 -0.16%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.50 0.44%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	98.10	102.66 95.76	-0.16 -0.16%
SUGAR #11 WORLD	14.90	15.05 14.78	0.17 1.15%