Karachi January 13 2022: Pakistan Stock Exchange falls 436 points or 1.07 percent as it opens today due to political tension and depleting reserves.
Yesterday, Leader of Pakistan Tehreek-e-Insaf Fawad Chaudhry says that Pervaiz Elahi has signed the summary of dissolution of Punjab Assembly.
They say that if the governor does not dissolve the assembly in two days, it will dissolve automatically.
Fawad Chaudhry says that in 48 hours he will write a letter to the opposition leader Hamza Shehbaz and ask him to form the interim government.
SBP foreign exchange reserves for the week ending January 6th 2023, were decreased by USD 1,233 million to lowest level since February 2014, as per data released by the Central Bank.
Saudi Arabia, UAE and China were set to beef up Pakistan’s foreign exchange reserves much before the close of this month, according to finance minister.
Yesterday, the President of the UAE agreed to roll over the existing loan of USD 2 billion and provide USD 1 billion additional loan. In another development SFD signed agreement to provide $1 billion oil facility to Pakistan.
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