Domestic foreign exchange reserves at 4-year high

  • According to the State Bank of Pakistan, after the auction of 2.5  billion Eurobonds, foreign exchange reserves increased significantly۔
  • after the auction, the foreign exchange reserves have reached the level of 16 billion 106 million dollars.
  • The central bank said the government’s decision to auction the Eurobonds would bear fruit.

Domestic foreign exchange reserves at 4-year high

Increase in domestic foreign reserves

Record increase in foreign investment in corona virus

Eurobond auction official results, foreign exchange reserves hit 4-year high

According to the State Bank of Pakistan, after the auction of 2.5  billion Eurobonds, foreign exchange reserves increased significantly.

According to the central bank, after the auction, the foreign exchange reserves have reached the level of 16 billion 106 million dollars. When they are on the passport of a commercial banker, they have  7.11 billion.

The value of total foreign exchange reserves is reaching  23.22 billion. Government reserves increased by  2.579 billion over the weekend ending April 9.

The central bank said the government’s decision to auction the Eurobonds would bear fruit.

It is believed that after the auction of Eurobonds and the IMF program, the wounds of Pakistan’s foreign exchange staff increased by  3 billion, after which the value of government foreign exchange reserves exceeded 16 billion.

It may be recalled that Pakistan has a 6% interest rate of 1 billion over a period of 5 years,  1 billion over an interest rate of 7.37% over a period of 10 years and  50 million over an interest rate of 8.87% over a period of 30 years.

Also checkout : PM Decides To Bring Health Facility Card System For People Of Islamabad

Facebook Comments

comments

Comments are closed.