Tag: Foreign exchange reserves
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Government eyes people’s gold to boost forex reserves
ISLAMABAD: The government is considering a proposal to borrow gold biscuits and bars from the people to increase foreign exchange reserves that remain on a sliding path despite taking over $5 billion loans in the past three months from bilateral and multilateral creditors. The proposal has been discussed in the Economic Executive Council (ECC), the…
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Foreign Exchange Reserves Rise by $55 Million: SBP
According to the State Bank of Pakistan, foreign exchange reserves increased by $ 55 million. Foreign exchange reserves have increased by $55 million taking it to $15.57 billion, State Bank of Pakistan said in a statement. According to the State Bank, foreign exchange reserves increased by $50 million from the Asian Development Bank, after which…