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Karachi: Mr. Zafar Paracha, Secretary General of the Exchange Companies Association of Pakistan (ECAP), announced that exchange companies handled a total volume of approximately USD 7.0 billion in 2024, significantly contributing to Pakistan’s economic progress and prosperity. This achievement reflects the pivotal role of exchange companies in stabilizing Pakistan’s foreign exchange market. Strengthening Foreign Reserves …
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Pakistan’s liquid foreign reserves dropped to $16.37 billion as of December 20, 2024. The State Bank of Pakistan (SBP) reported a decline of $228 million in its reserves during the week. The SBP holds $11.85 billion of the total reserves. Commercial banks hold $4.52 billion. Combined, the total liquid foreign reserves amount to $16.37 billion. …
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KARACHI: Pakistan’s foreign exchange reserves, managed by the State Bank of Pakistan (SBP), climbed by $18 million to reach $11.17 billion during the week ending November 1, 2024. This marks the 15th consecutive week of reserve growth, according to the central bank’s latest weekly update. Despite the steady increase in reserves, the Pakistani rupee continued …
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