The current Government is making some nice decision and we can see the economy of Pakistan is showing positive trends, one of the sectors that is showing improvement is that Pakistani Currency is gaining value which is a good sign for Pakistani Economy. Pakistani Currency is gaining value against US Dollar and Saudi Riyal.
The current Government is making some nice decision and we can see the economy of Pakistan is showing positive trends, one of the sectors that is showing improvement is that Pakistani Currency is gaining value which is a good sign for Pakistani Economy. Pakistani Currency is gaining value against US Dollar and Saudi Riyal.
The report of State Bank of Pakistan revealed that the week that ends on 16th May, 2014 showed a positive move as the Pakistani Foreign Reserves has crossed the limit of 13 Billion US Dollars with an increase of more than 240 million USD.
State Bank received more than 500 Million USD, which resulted in increase of Foreign Reserve from 8.01 Billion to 8.32 Billion USD.
Sate Bank also made payments of more than 200 Million USD including returning of Loan to IMF of 14.80 Million USD.
On the other hand, The Commercial Banks of Pakistan has lose the Foreign Reserves by 52.5 Million USD, now the Commercial Banks of Pakistan have Foreign Reserves of 4.81 Billion USD decreased from 4.86 Billion USD.