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

Pakistan Central Bank Reserves Decline $341 Million

admin-augaf by admin-augaf
September 29, 2022
in Business, Finance
Reading Time: 2 mins read
0
Pakistan Central Bank Enhanced Unsecured Agriculture Financing Limit Five Times to Support Farmers

State Bank of Pakistan Centralized All Cross Border Payments for Better Management of Currency

Share on FacebookShare on TwitterWhatsapp

Karachi September 29 2022: SBP foreign exchange reserves for the week ending September 23 2022, were decreased by USD 341 million to USD 8,006 million as per data released by the Central Bank.

Central Bank reserves decline on external debt and other payments, says SBP in a statement.

Pakistan Central Bank reserves will increase once committed amount of aid for the flood victims starting coming to the country.

The Asian Development Bank (ADB) will approve funding of over USD 2 billion to support Pakistan’s post-flood relief and resilience activities by end of current year. The ADB is processing another USD 1.5 billion countercyclical support to mitigate the impacts of rising food prices and other external shocks on the poor and vulnerable in Pakistan, which Pakistan is likely to receive in second half of next month.

At present, SBP reserves stand at the level of USD 8,006 million as of 23rd September 2022 compared to USD 8,346 million at the end of the week ending 16th September 2022.

During the same period, foreign exchange reserves held by commercial banks increased by USD 33 million to the level of USD 5,756 million as of 23rd September 2022.

Overall reserves held by the country witnessed decrease of USD 308 million to USD 13,762 million during the week ended 23rd September 2022.

Pakistan Central Bank projected that with the completion of the upcoming IMF review and the additional assistance secured from friendly countries, FX reserves are expected to rise to around $16 billion during FY23. To ensure this and to support the Rupee going forward, it will be important to contain the current account deficit to around 3 percent of GDP by moderating domestic demand and energy imports. In addition, it will be critical to keep the IMF program on-track by following through on the agreed fiscal tightening and structural reforms over the next 12 months.


Related Posts

Rupee Depreciation Is A Global Phenomenon Says Pakistan Central Bank

Service Long March Tyres To Start Commercial Production Earlier Next Year : PSX

SBP Orders Banks To Remain Open For Extended Hours On Saturday For Tax Collection

SBP Granted Approval To Saudi National Bank For Due Diligence Of Samba Bank: PSX


Tags: PakistanSBP
admin-augaf

admin-augaf

Related Posts

Budget - Pakistan Announced 10% Discount for Paying Restaurants Bills through Cards
Budget

Budget – Pakistan Announced 10% Discount for Paying Restaurants Bills through Cards

June 9, 2023
Pakistan Announced Budget of 14.460 Trillion Rupees With Deficit of 7.574 Trillion
Budget

Pakistan Announced a Budget of 14.460 Trillion Rupees With a Deficit of 7.574 Trillion

June 9, 2023
Budget – Pakistan Taxed Up to 50% Unexpected Income Earned By Companies in Last Five Years
Business

Budget – Pakistan Taxed Up to 50% Unexpected Income Earned By Companies in Last Five Years

June 9, 2023

Recent News

Budget - Pakistan Announced 10% Discount for Paying Restaurants Bills through Cards

Budget – Pakistan Announced 10% Discount for Paying Restaurants Bills through Cards

June 9, 2023
Pakistan Announced Budget of 14.460 Trillion Rupees With Deficit of 7.574 Trillion

Pakistan Announced a Budget of 14.460 Trillion Rupees With a Deficit of 7.574 Trillion

June 9, 2023
Budget – Pakistan Taxed Up to 50% Unexpected Income Earned By Companies in Last Five Years

Budget – Pakistan Taxed Up to 50% Unexpected Income Earned By Companies in Last Five Years

June 9, 2023
Super Tax to Continue, Bonus To be Taxed after 22 Years

Pakistan Increased Salaries of Government Employees by 35%

June 9, 2023
Super Tax to Continue, Bonus To be Taxed after 22 Years

PSX Turnover Tax Reduced, REITs Gains to Remain Exempted

June 9, 2023

Popular News

  • Central Directorate of National Savings

    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
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    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

  • Budget – Pakistan Announced 10% Discount for Paying Restaurants Bills through Cards
  • Pakistan Announced a Budget of 14.460 Trillion Rupees With a Deficit of 7.574 Trillion
  • Budget – Pakistan Taxed Up to 50% Unexpected Income Earned By Companies in Last Five Years

Category

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

Recent News

Budget - Pakistan Announced 10% Discount for Paying Restaurants Bills through Cards

Budget – Pakistan Announced 10% Discount for Paying Restaurants Bills through Cards

June 9, 2023
Pakistan Announced Budget of 14.460 Trillion Rupees With Deficit of 7.574 Trillion

Pakistan Announced a Budget of 14.460 Trillion Rupees With a Deficit of 7.574 Trillion

June 9, 2023
  • 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.