FX Reserves Rise As Pakistan Got $1.4bn Loan from China & WB
The foreign exchange of Pakistan witnessed handsome inflows as the country received separate tranches of loans, including $1 billion from China and $440 million from the World Bank (WB).
According to data released by the State Bank of Pakistan (SBP), the foreign exchange reserves of the country surged to a record level of $24.4 billion by the week ending on July 2.
Though the inflows of foreign exchange recorded at over $1.4 billion, the net increase of reserves stood at $1.12 billion after the payment of debt servicing to various institutions. The bifurcation of the data reported that the foreign exchange level maintained by SBP stood at $17.2 billion, and the foreign exchange reserve held by commercial banks stood at $7.18 billion.
Recently, Pakistan raised $1 billion through Eurobonds. The consistent inflows of foreign exchange provided a comfortable position to reserve level, which will reflect on the macroeconomic indicators of the economy.
For more information, please get in touch with Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005