Foreign exchange reserves position eased by $14.9 million to $20.058 billion by week ended February 12, 2021, State Bank of Pakistan (SBP) said on Thursday. According to data published by the central bank, its reserves decreased by $59.4 million due …
IMF programme is coming back in full swing. There is no surprise. The background discussions were ongoing ever since the programme went hanging in the balance. Certain stipulated and implicit conditions such as borrowing from SBP, flexible exchange rate, and …
The fund from these accounts, however, could be utilized for specified purposes only. Over time the types of payments that exporters need to make have increased as exports are becoming more diversified. The central bank informed that it has now …