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Thursday, November 7, 2019

After a Long period of Very Low Dollar Backbone || Prices Went Up ||

After a Long period of Very Low Dollar Backbone || Prices Went Up ||

Over a week, the country's total foreign exchange reserves increased by more than $ 44 million, total reserves of $ 1.5 billion, while central bank reserves rose to the highest level of $ 8.5 billion.




 Foreign exchange reserves rise steadily towards Pakistani economic stagnation Billions reached the highest level of $ 35 million. Pakistan, according to the details, is stepping up towards achieving economic stability.
The economic policies of the PTI government have finally begun to produce results. Last year Pakistan's bankruptcy was shaking, but now the country's foreign exchange reserves have been recording steady growth for the past few months. According to a report released by the State Bank, the country's total foreign exchange reserves and central bank reserves also recorded a significant increase during the week.
Pakistan's foreign exchange reserves increased by more than $ 44 million in one week, after which the country's total foreign exchange reserves reached the historic and highest level of $ 1.5 billion. State Bank reserves reached $ 8 billion 35 million and Commercial Bank reserves reached $ 7 billion 16 million. It is likely that Pakistan is likely to receive an installment from the IMF in a week, after which the foreign exchange reserves will increase further.
It has also been reported that the PTI government has received more than $ 2 billion in loans in the first quarter of the current fiscal year to balance external payments. This loan was obtained from various sources. Meanwhile, Pakistan's currency market has been depreciating due to the rise in other foreign exchange reserves and the stock market has continued to rise.





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