Tag: Foreign Reserves
-
Bartering Our Way Out of the Dollar Trap
Pakistan is currently facing significant economic challenges, including a crippled economy, depleting foreign reserves, and a balance of payment crisis. However, the recent decision to enter into barter trade agreements with Iran, Russia, and Afghanistan is a stroke of genius and showcases the best of creativity. This out-of-the-box strategy is truly remarkable. Barter trade allows…
-
SBP reserves up by $2,567m to $20,14b
Lahore: The total liquid foreign reserves held by the country stood at US$ 27,227.7 million on 27-Aug-2021. The break-up of the foreign reserves position is as under: – i) Foreign reserves held by the State Bank of Pakistan: US$ 20,145.6 million ii) Net foreign reserves held by commercial banks : US$ 7,082.1 million iii)…