AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Country Foreign Exchange Reserves Fall By USD 868 Million: SBP

admin-augaf by admin-augaf
January 27, 2022
in Business
Reading Time: 2 mins read
0
Country Foreign Exchange Reserves Fall By USD 868 Million: SBP

Country Foreign Exchange Reserves Fall By USD 868 Million: SBP

Share on FacebookShare on TwitterWhatsapp

Karachi January 27 2021: Overall reserves held by country witnessed decline of USD 868 million to USD 22,482 million during the week ending of 21st January 2022, as per data released by the Central Bank.

Foreign exchange reserves held by State Bank of Pakistan decline by USD 846 million during the the week ending 21st January 2022, as per data released by the Central Bank. This is the seventh consecutive weekly decline in reserves held by SBP.

The main reason of this decline in foreign exchange reserves could be the higher commodity imports. The country’s current account recorded a deficit of USD 9.09 billion in the first half (July to December) of the current fiscal year, mainly on account of increasing imports, as per the State Bank of Pakistan (SBP). At USD 5.6 billion, second quarter of the current fiscal year saw the second highest quarterly current account deficit since last quarter of fiscal year 2018 when it reached USD 6.1 billion. This was the year when the country faced a record USD 19.2 billion current account deficit.

At the week ending August 27, the foreign exchange reserves held by the state bank increased to an all-time high of USD 20.15 billion as Pakistan received general allocation of Special Drawing Rights (SDRs) worth USD 2,751.8 million from the International Monetary Fund (IMF) on August 24 2021.

At present, SBP reserves stands at the level of USD 16.190 billion as of 21st January 2022 compared to USD 17.036 billion at the end of week ending 14th January 2022.

During the same period, foreign exchange reserves held by commercial banks decreased by USD 22 million to the level of USD 6.292 billion as of 21st January 2022.

Tags: Central BankCommercial BanksForex ReservesSBP
admin-augaf

admin-augaf

Related Posts

Pakistan Witness 10% Increase In Companies Registration
Business

Pakistan Unveils New Measures to Strengthen Shariah-Compliant Market Intermediaries

May 19, 2025
S&P 500, Nasdaq eye weekly loss as rate-hike worries hit growth stocks
Business

‘Sell America’ Is Back as Moody’s Pushes 30-Year Yield to 5%

May 19, 2025
AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month
Business

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

May 17, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Pakistan Witness 10% Increase In Companies Registration

Pakistan Unveils New Measures to Strengthen Shariah-Compliant Market Intermediaries

May 19, 2025
S&P 500, Nasdaq eye weekly loss as rate-hike worries hit growth stocks

‘Sell America’ Is Back as Moody’s Pushes 30-Year Yield to 5%

May 19, 2025
AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

May 17, 2025
Pakistan New Budget Will Tax Cars on Prices

Pakistan to Reduce Customs Duty to 15% and Phase Out Regulatory Duty in Five Years

May 17, 2025
IT

Pakistan Central Development Body Approves PKR 143 Billion for Projects Including Tech Industry and Laptop Scheme

May 17, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan Unveils New Measures to Strengthen Shariah-Compliant Market Intermediaries
  • ‘Sell America’ Is Back as Moody’s Pushes 30-Year Yield to 5%
  • AirSial Launches Direct Flights to Dubai from Islamabad and Lahore Starting Next Month

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Pakistan Witness 10% Increase In Companies Registration

Pakistan Unveils New Measures to Strengthen Shariah-Compliant Market Intermediaries

May 19, 2025
S&P 500, Nasdaq eye weekly loss as rate-hike worries hit growth stocks

‘Sell America’ Is Back as Moody’s Pushes 30-Year Yield to 5%

May 19, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.