Receives 2.5 billion , foreign exchange reserves at highest levels
- Pakistan received 2.5 billion in Eurobonds, after which the country’s foreign exchange reserves reached a three-year high.
- Pakistan issued bonds for the first time under the Global Medium Term Program.
- The Governor SBP clarified that Pakistan is taking the best steps to prevent money laundering.
Foreign exchange reserves at highest levels
Pakistan received 2.5 billion in Eurobonds, after which the country’s foreign exchange reserves reached a three-year high, according to a statement issued by the State Bank of Pakistan on Twitter. As a result, the country’s central bank’s foreign exchange reserves reached 16 billion, the highest level in three-and-a-half years.
Earlier, a statement issued by the Ministry of Finance said that Pakistan has returned to the international capital market after 3 years. Central, European and American investors showed keen interest. Pakistan issued bonds for the first time under the Global Medium Term Program. Pakistan will continue to issue bonds in the capital market in the future as well.
On the other hand, the Governor SBP told CNN in an exclusive interview that during Corona, Pakistan’s policies were made clear to the people, immediate steps taken by the Pakistani government yielded positive results, the central bank provided cheap loans for the purchase of ventilators and machinery. Facilitated.
Asked about inflation across the country, Corona said inflation had risen by 3% in the last three months due to rising electricity and food prices, but the rise was temporary.
#SBP has received the proceeds of government’s US$2.5bn Euro Bond issuance in its account. As a result, SBP’s FX reserves closed above US$16bn today, their highest level since July 2017.
— SBP (@StateBank_Pak) April 8, 2021
The Governor State has given a clear stance on the digitization of the financial system. We definitely want to see the digitization of the financial system. We are studying this. We will make important announcements in the next few months.
The Governor SBP said that the exchange rate market. Determining on the basis of is a great achievement of the central bank, today the Pakistani rupee has emerged as a strong currency, the Governor SBP clarified that Pakistan is taking the best steps to prevent money laundering.
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