Refineries demand full recovery of forex losses | The Express Tribune

ISLAMABAD: Oil refineries have called on the government to make full recovery of the actual currency exchange losses and the confirmation cost of Letters of Credit (LCs). Pakistan’s oil refineries are currently grappling with substantial currency exchange losses in the import of crude oil, compounded by a significant financial burden from the LC confirmation charges. […]

Forex reserves fall by $220m to $7.5b | The Express Tribune

KARACHI: Pakistan’s foreign exchange reserves fell by $220 million on a weekly basis, with the total now standing at $7.494.2 billion. Reserves dropped by 2.8% as of October 20, data released on Thursday by the State Bank of Pakistan (SBP). According to data released by the central bank on Thursday, its foreign currency reserves decreased […]

Forex reserves fall by $59m to $7.64b | The Express Tribune

KARACHI: The State Bank of Pakistan (SBP) reported a 0.76% decrease in its foreign exchange reserves on a week-on-week basis, with the total now standing at $7.64 billion. According to data released by the central bank on Thursday, its foreign currency reserves fell by $59 million to reach $7,636.7 million in the week ending on […]

Forex reserves rise by $56.4m to $7.7b | The Express Tribune

KARACHI: The State Bank of Pakistan (SBP) has reported a 0.74% increase in its foreign exchange reserves on a week-on-week basis, with the total now standing at $7.7 billion. According to data released by the central bank on Thursday, its foreign currency reserves increased by $56.4 million and reached $7,695.3 million in the week ended […]

Forex down to $7.78b | The Express Tribune

KARACHI: The State Bank of Pakistan (SBP) has reported a marginal 0.89% decline in foreign exchange reserves on a week-on-week basis, with the total now standing at $7.78 billion as of September 1, 2023. This announcement, made by the central bank on Thursday, reveals a decrease of $70 million compared to the previous week’s figure […]

Forex reserves dip $125m to $7.93b | The Express Tribune

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have decreased by 1.5% on a week-on-week basis, reaching $7.93 billion, according to data released by the central bank on Thursday. By the end of the week on August 18, 2023, the central bank’s foreign currency reserves were recorded at $7,930.5 million, […]

Forex reserves rise $12m to $8.1b | The Express Tribune

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by 0.14% on a week-on-week basis, reaching $8.1 billion, according to data released by the central bank on Thursday. By the end of the week on August 11, 2023, the central bank’s foreign currency reserves were recorded at $8,055.3 million, indicating […]

Forex reserves decline by $541m | The Express Tribune

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) experienced a significant decline, dropping 6.2% on a week-on-week basis, as reported on Thursday. The reserves reached $8.2 billion on July 21, marking a decrease of $541 million compared to $8.73 billion on July 14, 2023. The central bank attributed this decline to […]

Realisation of $300m loan takes forex reserves past $4bn mark

A currency exchange dealer counts $100 bills. — AFP/File The forex reserves held by the State Bank of Pakistan (SBP) got a boost after the realisation of a $300 million commercial loan that pushed the money held by central bank past the $4 billion mark. A statement issued by the central bank showed that the […]

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