Pakistan’s Forex Reserves Surge to $17.6 Billion

Pakistan’s foreign exchange reserves surged to a record level of $17.655 billion as of 13-December-2019.

The central bank’s reserves of foreign exchange increased by $ 1.659 billion to $10.893 billion.


ALSO READ

Pakistan to Offer Longer-Tenor Securities to Global Investors: Bloomberg


This increase is attributed to multilateral and other official inflows including proceeds of $1.3 billion received from the Asian Development Bank.

The net foreign reserves held by commercial banks stood at $6.762 billion.


ALSO READ

SBP Allows Corporate Entities to Borrow Over $1 Million Loans in Foreign Currency


The improvement in reserve situation will strengthen the Rupee position against Dollar. In the case of debt retirement, the enhanced level of reserves will remain stable in the near future without uncertainty. It will also stabilize the external outlook of the economy including the confidence of investors on the Pakistan’s market.


  • Lol. You read a ProPakistani article and you think Pakistan is heading straight to the top while this is far from reality.

    Nothing is final. There will always be ups and downs.

  • Surge to 17 Billion?. Too much sensationalism by ProPakistani now a days. Their quality is going down day by day. We even crossed 20 billion in the past and now even 17 Billion is portrayed as some biggest milestone achieved.

  • Thanks may friend Thanks may money profit may bank account number pk96nbpa 1986004159903223 nbp bank account transfer thanks may forex


  • >