Tuesday , April 23 2019
Home / Business and Finance / Pakistan gets $2.2 billion loan from China
Pakistan’s foreign investment drops 82 percent in July-March 19
Pakistan’s foreign investment drops 82 percent in July-March 19

Pakistan gets $2.2 billion loan from China

KARACHI: Pakistan has received $2.2 billion loan from China, said a tweet of the State Bank of Pakistan on Monday evening.

 

 

 

After receiving such amount, State Bank of Pakistan’s foreign exchange reserves have reached $10.67 billion on Marach 25, 2019.

The total liquid foreign exchange reserves held by the country had stood at $15.709 billion as of March 15.

Earlier, SBP had reported foreign exchange reserves held by the central bank at $8.838 billion by March 15, while the net foreign exchange reserves held by commercial banks stood at $6.870 billion.

During the week under review, the central bank received inflows of $1 billion from the UAE as placement of funds.

After taking into account the outflows relating to external debt and other official payments, the SBP’s forex reserves increased $716 million during that week.

The $2.2 billion arrival of China is an addition in the foreign exchange reserves of the country.

Check Also

Executive Director IBA Dr Farrukh Iqbal in conversation with Dr Ishrat Husain

IBA organizes dialogue with Dr Ishrat Husain

KARACHI: The Institute of Business Administration (IBA), Karachi organized a distinguished lecture series by the …

2 comments

  1. I love it when people get together and share views. Great site, continue the good work!
    It’s perfect time to make a few plans for the future and it’s time to be happy.
    I’ve learn this put up and if I may just I want to suggest you some fascinating issues
    or advice. Maybe you could write next articles regarding this article.

    I desire to read more things approximately it! I’ll right
    away seize your rss as I can’t find your e-mail subscription hyperlink or newsletter service.
    Do you have any? Please permit me realize
    in order that I could subscribe. Thanks. http://Nestle.com/