Pakistan Pakistan recently made global news when it paid over $3.5 billion in interest to the International Monetary Fund (IMF). The fact that this incident affects both the local population’s quality of life and the nation’s economy makes it noteworthy. However, what does this actually mean, and why is it relevant?2. 2. What Is the […]
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KARACHI: The foreign exchange reserves held by the central bank fell 8.6% during the week ending on October 8, according to data released by the State Bank of Pakistan (SBP) on Thursday. On October 15, the foreign currency reserves held by the SBP were recorded at $17,492.2 million, down $1.65 billion compared with $19,138.4 million.Overall […]
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KARACHI: Pakistan has registered a current account surplus for the second straight month, the central bank said in a statement issued Wednesday, on account of remittances sent in by the expatriates as well as cheaper imports. In its statement, the State Bank of Pakistan (SBP) said the Current Account Balance (CAB) surplus “amounted to $508 […]
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