The foreign exchange reserves of Pakistan witnessed an increase of 9.6% on Thursday on a week-on-week basis. The State Bank of Pakistan (SBP) reported that the foreign currency reserves rose to $4.4 billion, after an increase of $393 million. On June 23, 2023, the foreign exchange reserves were recorded at $4.06 billion. Experts claim that […]
Image: File The remittances sent by overseas Pakistanis hit a three-month low in May as they reach $2.10 billion. A report by the State Bank of Pakistan (SBP) mentioned that this is 10.4% less than the remittances received during the same period last year, which was $2.35 billion. One of the major reasons for this […]
Image: The News International Thursday saw a sharp decline in the value of Pakistani Rupee against the US Dollar in open and interbank. However, on Friday, the local currency has gained Rs.13.86 against the American currency and now PKR stands at Rs 285. This is a record gain after which the US Dollar is now […]
