Reserves of SBP Hit All-Time High of $20.15 billion
The foreign exchange reserves of the central bank of Pakistan climbed by 14.6% on a weekly basis, reaching an all-time high of $20.15 billion, according to data released by the State Bank of Pakistan (SBP).
Read: Android 13 Launched with Refined Look, Privacy Features & More
The SBP’s foreign currency reserves increased by $2,567 million from $17,578.9 million on August 20 to $20,145.6 million on August 27. The central bank received a general allocation of Special Drawing Rights (SDRs) of $2,751,8 million from the International Monetary Fund (IMF) on August 24, thereby increasing reserves to a record high.
Pakistan borrowed $2.5 billion using Eurobonds on March 30, 2021, in order to improve its foreign exchange reserves by offering competitive interest rates to lenders.
Read: PTCL Internet Services Down All Across Pakistan In August 2022
The overall liquid foreign currency reserves of the country, including net reserves held by banks other than the SBP, amounted to $27,227,7 million. The total amount of banks’ net reserves was $7,082.1 million.
According to the central bank, reserves increased by $2,567 million to $20,145.6 million after accounting for external debt payments.
Please contact Al Sadat Marketing for further assistance.
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.
Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/
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
