Pakistan’s foreign exchange reserves increased by 19 mln USD
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Pakistan’s Economy is on the Right Track and will revive soon.
The State Bank of Pakistan (SBP) said Thursday that its foreign exchange reserves had increased by 19 million U.S. dollars.
During the week ending on July 12, the total foreign exchange reserves of the bank reached around 9.4 billion dollars, the central bank said in a statement.
Net foreign reserves held by commercial banks came at around 5.3 billion dollars, it added.
Total liquid foreign reserves held by the South Asian country stood at about 14.7 billion dollars, according to the SBP.
#Reference Link:- https://english.news.cn/asiapacific/20240719/dcfa804551774f97ae17e34e6d9a0584/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
