As per the data released by the SBP, the Pakistan’s Forex Reserves increased by USD 160.60 Million or 0.79% and the total liquid foreign reserves held by the country stood at USD 20,402.40 Million on Dec 04, 2020. Please follow and like us:
Tag: SBP
Roshan Digital Account receives its highest ever single day remittance of US$ 7.7Mn
In a latest tweet from the State Bank of Pakistan, the inward Remittances from overseas Pakistanis into Roshan Digital Account rose to $7.7 million, the highest ever daily amount. To date, total inward remittances into Roshan Digital Account (RDA) have reached $139.4 million, with $81 million invested in Naya Pakistan Certificates. Please follow and like […]
Monetary Policy: SBP maintained the Policy rate at 7%
The Monetary Policy Committee (MPC) decided to maintain thepolicy rate at 7 percent. The MPC noted that since the last meeting in September, the domestic recovery has gradually gained traction, in line with expectations for growth of slightly above 2 percent in FY21, and business sentiment has improved further. Nevertheless, there are risks to the […]