Pakistan foreign reserves

ISLAMABAD-Pakistan’s foreign exchange reserves held by the central bank have once again declined to below $4 billion dollars level amid much delay in the revival of International Monetary Fund (IMF) programme. “During the week ended on 2-Jun-2023, SBP re­serves decreased by $179 million to $3,912.2 mil­lion due to external debt payments,” said State Bank of Pakistan (SBP) said on Thursday. The total liquid foreign reserves held by the country stood at $9,334.8 million as of 2-Jun-2023. The break-up of the foreign reserves position is as foreign reserves held by the State Bank of Pa­kistan: $3,912.2 million and net foreign reserves held by commercial banks are $5,422.6 million. The reserves are tumbling mainly due to the re­payment against previous loans. On the other hand, the foreign inflows have almost dried amid suspen­sion of the IMF programme. The government has re­ceived foreign borrowing worth only $8.12 billion from the international lenders in 10 months (Ju­ly-April) of the current fiscal year 2022-23, which is only 35.6 percent of the annual projected borrow­ing. The government has budgeted foreign assis­tance of $22.817 billion for the current fiscal year.

• HOME • Latest • Pakistan • Balochistan • Gilgit Baltistan • Khyber Pakhtunkhwa • Punjab • Sindh • World • Editorials & Opinions • Editorials • Op-Eds • Commentary / Insight • Perspectives • Cartoons • Letters to the Editor • Featured • Blogs • Pakistan • World • Ramblings • Lifestyle • Culture • Sports • Business • Sports • Arts, Culture & Books • Lifestyle • E-PAPER • Lahore • Islamabad • Karachi KARACHI: Pakistan’s total liquid foreign reserves jacked up to US$ 16.195 billion as SBP received proceeds of China Development Bank’s loan. State Bank of Pakistan, in a statement issued here on Thursday, stated that the total liquid foreign reserves held by the country stood at US$ 16,195.6 million as of 24 June 2022. “SBP received proceeds of CDB loan amounting to RMB 15 billion and after accounting for external debt repayment, SBP’s reserves increased by US$ 2,071 million to US$ 10,309.0 million,” it said adding that net foreign reserves held by commercial banks stood at US$ 5,886.6 million. In the previous week ended on June 17, total liquid foreign reserves hold by the country were US$ 14,210.4 million. Among them foreign reserves held by the State Bank of Pakistan were US$ 8,237.7 million while net foreign reserves held by commercial banks were US$ 5,972.7 million.

PHOTO: FILE KARACHI: Pakistan's foreign exchange reserves slipped to the alarming level of below $3 billion for the first time in nine years on Thursday, reducing import capacity to slightly over two weeks ahead of the likely revival of the IMF $6.5billion loan programme. The State Bank of Pakistan (SBP) said in its latest weekly update that the country's foreignexchange reserves decreased by $170 million to $2,916.7 million (or $2.92 billion) due to external debt repayments in the week endingFebruary 3, 2023. The alarming levels of the forexreserves have raised the risk of default on the repayment of foreign debt. However, Finance Minister Ishaq Dar has remained confident about getting the IMF loan programme revived soon, as the 10-day talks with IMF are scheduled to conclude today. Read more: The resumption of the programme would help Pakistan receive IMF's next tranche of $1.1 billion in a few weeks or about a month, unlocking another couple of billions of dollars from other multilateral and bilateral creditors including friendly countries. The expected development would provide much-needed support in stabilising the foreign exchange reserves, avert the looming risk of default, and increase the country's capacity to pay for imports and repay foreign debt. The reserves have continued to deplete for the past 18-month period due to previously elevated import payment, low export earnings and slowdown in inflows of workers' remittances. The reserves stood equivalent to almos...

For reserves excluding gold, see Forex reserves, are, in a strict sense, only foreign-currency deposits held by nationals and [ citation needed] These foreign-currency deposits are the [ citation needed] The list below is mostly based on the latest available Rank Country or region Foreign exchange reserves (millions Figures as of Change from previous data (millions weekly/monthly Sources 1 3,400,780 April 2023 21,778 2 1,254,522 31 May 2023 10,892 3 912,241 March 2023 4,197 4 593,749 9 June 2023 1,318 5 585,700 9 June 2023 700 6 561,120 April 2023 840 7 430,700 March 2023 1,600 8 423,006 December 2022 9,154 9 404,470 April 2023 33,292 10 341,158 March 2023 13,060 11 289,484 December 2022 1,790 12 277,458 November 2022 3,037 13 242,731 3 March 2023 0,860 14 238,277 October 2022 0,948 15 225,486 January 2023 8,854 16 211,308 November 2022 1,932 17 201,895 April 2023 1,409 18 200,997 January 2023 1,903 19 182,790 November 2022 6,686 20 148,954 June 2022 5,321 21 140,659 March 2023 5,481 22 140,311 February 2023 0,907 23 115,725 September 2022 3,540 24 115,000 February 2023 19,000 25 114,900 January 2023 0,500 26 106,462 November 2022 2,686 27 101,296 May 2023 464 28 92,101 August 2022 6,504 29 87,229 30 June 2022 30 86,000 February 2020 — 85,602 August 2021 0,801 31 73,922 May 2022 0,315 32 73,416 30 June 2022 3,000 33 70,287 June 2022 2,843 34 69,114 March 2022 0,665 35 63,235 31 May 2023 1,943 36 60,914 October 2020 1,454 37 60,900 April 2023 9,154 38 58,161 September 2021 ...

MTBs Tenor Rates 3-M 19.3500% 6-M 21.9890% 12-M 21.9997% (as on June 14, 2023) Fixed-rate PIB Tenor Cut-off Rates 3-Y 19.3500% 5-Y Bids Rejected 10-Y Bids Rejected 15-Y No Bid 20-Y No Bid 30-Y No Bid (as on June 15, 2023) Floating-rate PIBs (Quarterly Coupon) Tenor Cut-off Price 2-Y 98.5409 3-Y 92.0834 Floating-rate PIBs (Half-yearly Coupon) Tenor Cut-off Price 5-Y 94.4512 10-Y No Bid (as on June 14, 2023) GIS FRR Tenor Cut-off Rental Rate 1-Y 21.3000% 3-Y Bids Rejected 5-Y No Bid GIS VRR Tenor Cut-off Prices 1-Y 100.0000 3-Y 98.1250 5-Y Bids Rejected (as on 18-May-2023) • As on 16-Jun-23 M2M Revaluation Rate 287.1941 Weighted Average Rate Bid: 287.0137 Offer: 287.4298 • Home About SBP Publications Economic Data Press Releases Circulars/Notifications Laws & Regulations Monetary Policy Help Desk SBP Videos SBP Welfare Trust Contact us What's New? Speeches Online Tenders Web Links Educational Resources Regulatory Returns Library Rupey ko Pehchano Events Zahid Husain Memorial Lecture Careers Sitemap Best view Screen Resolution : 1024 * 768 Copyright © 2016. All Rights Reserved.

ISLAMABAD, Feb 2 (Reuters) - Pakistan's foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion in the week ending Jan. 27, the State Bank of Pakistan (SBP) said on Thursday, which analysts said covers less than three weeks of imports. The country is locked in negotiations with the International Monetary Fund (IMF) to release much-needed money under a stalled bailout programme. A successful outcome with the IMF would also help to release money from other platforms that are looking for a greenlight from the lender. The central bank said in a statement that the drop in reserves was due to external debt repayments. Reserves held by commercial banks stood at $5.65 billion, taking total liquid reserves in the country to $8.74 billion, SBP added. Local investment firm Arif Habib Limited (AHL) calculated that the reserves are at their lowest since February 2014 and now only cover 18 days worth of imports, the lowest the import cover has been since 1998. "The country is in dire need of fresh inflows and the resumption of the IMF programme as soon as possible to avoid the crisis," Tahir Abbas, head of research at AHL said. Cash-strapped Pakistan on Tuesday held talks with the IMF in a bid to unlock funds from a $7 billion bailout designed to ward off economic meltdown. The talks, to continue through Feb. 9, are meant to clear the IMF's 9th review of its Extended Fund Facility, aimed at helping countries with balance-of-payments crises. The lender had ...

A man counts dollar bills. — AFP The foreign exchange reserves held by the State Bank of Pakistan (SBP) reversed the descending trend and moved up by $258 million to $4.601 billion, the central bank said Thursday, without underlining the source of the currency influx. According to an SBP statement, total liquid foreign currency reserves held by the country are $10.44 billion, whereas net foreign reserves with commercial banks are $5.84 billion. The SBP reserves have finally broken the losing streak after an outflow of $3.6 billion during the last 8 weeks, Arif Habib Ltd said in a note. SBP-held forex Pakistan is in dire need of During the week ended on January 6, the central bank's forex reserves fell $1.233 billion, or 22.12% to $4.343 billion, down from last week's $5.576 million. Pakistan's The reserves, which hit their lowest level since February 2014, will now only provide import cover worth 0.82 months, as the country tries to lessen imports amid a greenback shortage. A day earlier Governor State Bank of Pakistan Jameel Ahmed said the country's foreign exchange reserves position would strengthen in due course. “We are expecting to witness inflows from next week onwards, which would reduce pressure on our foreign exchange reserves,” the SBP governor said in his address to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). Ahmad added that following the inflows the position of foreign exchange reserves — which now stand at their lowest level since Fe...

Pakistan’s foreign exchange reserves fell below $10 billion, threatening to spill over into a fullblown economic crisis unless policy makers secure a loan from the International Monetary Fund. The stockpile decreased by $366 million in the week ended May 27 to stand at $9.72 billion, the central bank said in a statement on its website Thursday. That’s roughly a 50% drop from August and enough to pay for less than two months of imports.