Tag: #ForeignExchange
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Pakistani Economy: The highs, lows & the need for action
This opinion has been shared by Muhammad Asim Siddiq. Pakistan’s economy has always been in turmoil. Although Pakistan inherited only a handful of institutions, at that time there was a viable administration that helped the Pakistani economy to reach a stable level by 1950. In the Korean War, Pakistani cotton, Pattsun earned a lot of…
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Governing the Governable a retreat from pessimism
This opinion article is by Mr. Muhammad Saad ur Rehman. Pakistan’s economic picture is not as gloomy as being portrayed in the mainstream media, primarily in the times when the world’s largest economies are struggling in coping with the novel coronavirus. Pakistan’s economy is in the phase of stabilization. According to Economists, the economy has…
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Foreign exchange reserves of SBP increase by $19 million to 12.908 billion
ISLAMABAD, Feb 25 (APP): The foreign exchange reserves of the State Bank of Pakistan (SBP) increased by $19 million to 12.908 billion on weekly basis, the central bank announced on Thursday. On February 19, overall liquid foreign currency reserves held by the country stood at $20.041 billion. According the break-up figures, the foreign reserves held by the…